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Nio garners $2.2 billion investment from UAE fund

Teslarati

Chinese electric vehicle (EV) manufacturer Nio has garnered a $2.2 billion investment from a firm backed by the United Arab Emirates, as it continues to push to introduce its EVs in additional markets. market , the home country of dominant EV seller Tesla, by 2025. billion investment from UAE fund appeared first on TESLARATI.

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Tesla receives massive fleet order from the UAE

Teslarati

Both Walmart and Amazon are currently working on switching to electric vehicles rapidly and are doing so by working with countless manufacturers, including startups like Canoo and Rivian and also more prominent players like Ford and General Motors. If you have news tips, email us at tips@teslarati.com !

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Revamp Moto triumphs at Seed Startup Pitch in AIM Congress 2024, Abu Dhabi | Autocar Professional

Baua Electric

Revamp Moto, a leading modular electric two-wheeler manufacturer based in India, has announced its victory as the first prize winner at the Seed Startup Pitch during the AIM Congress 2024 held in Abu Dhabi, United Arab Emirates (UAE). lakh) in financial assistance.

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Hero Electric raised Rs 220 Cr from GII and OAKSĀ 

Electric Vehicles India

India’s leading electric vehicles manufacturer Hero Electric has raised Rs 220 crore in its Series B round of funding led by UAE’s Gulf Islamic Investments (GII). million raised from new investor ADB Ventures. Hero Electric raised Rs 220 Cr from GII and OAKS . It aims to sell around 10 lakh units a year by 2025-26.

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Wardwizard eyes fresh funds of USD 180 million | Autocar Professional

Baua Electric

This cluster aims to invite manufacturing partners to set up production units to develop essential components such as motors, batteries, chassis, steel parts, chargers and controllers. For this to happen, the company plans to acquire 4,50,000 sqft of space for its manufacturing expansion. tonnes and 2.5

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Over 27 OEMs, 400 component makers to participate in Bharat Mobility Global Expo | Autocar Professional

Baua Electric

Leading 27 vehicle original equipment makers and 400 component makers from India and the global market will take part in the Bharat Mobility Global Expo 2024, which will be held in Bharat Mandapam, Delhi, from February 1-3. Initially, there was so much resistance to this concept.

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Indiaā€™s automotive aftermarket is likely to grow to USD 14 billion by 2028: ACMA-E&Y studyĀ  | Autocar Professional

Baua Electric

Indiaā€™s automotive aftermarket is likely to grow to USD 14 billion by 2028 from the current USD 10 billion in 2023, according to research from the Automotive Component Manufacturers Association of India and Ernst & Young.