Tesla CEO Elon Musk on Wednesday left the door open to the EV maker merging with his other trillion-dollar-plus-valued firm SpaceX, declining to dismiss the possibility and citing growing overlap between the companies...
EV
PFC, IREDA mull sale of Gensol EVs to secure loans
Power Finance Corp. (PFC) and Indian Renewable Energy Development Agency (IREDA) are considering a plan to auction the electric vehicles (EVs) that financially troubled Gensol acquired by taking loans from the two...
Japan’s Mitsui invests Rs 200 crore in Pune-based EKA Mobility
Pune-based EKA Mobility, which received a tranche of Rs 200 crore from Japan’s Mitsui & Company, is looking at commissioning a third manufacturing facility for rolling out electric buses and light commercial...
NIIF and Macquarie in talks to pick stake in Tecso Charge Zone
Leading infrastructure investors – National Investment and Infrastructure Fund (NIIF) and Macquarie Group are in early stages of discussions to acquire a significant minority stake in Tecso Charge Zone, which...
China’s Xpeng to acquire Didi’s smart EV unit in deal worth up to $744 mln
Chinese electric car company Xpeng said it will acquire ride-hailing giant Didi’s smart electric vehicle (EV) unit in a deal worth as much as $744 million and the two companies will form a strategic partnership...
