Kinetic Engineering To Establish a $250 Million Electric Vehicle Subsidiary Updated On Thu, Aug 18th, 2022 by Saurenergy Kinetic Engineering (KEL), the Kinetic Group’s flagship company, has announced the formation of a subsidiary company focused on the electric vehicle (EV) segment. The subsidiary will have an authorized capital of up to $250 million, and the company will own more than 51% of it. KEL would use its strong technical knowledge and vast manufacturing […] Read more
Mahindra & Volkswagen Expand Collaboration To Speed Up Indian EV Sector Updated On Wed, Aug 17th, 2022 by Saurenergy The Volkswagen Group and Mahindra & Mahindra Ltd (M&M) recently declared that they will be furthering their collaboration. Earlier this year, the two companies signed a term contract for the delivery of MEB electric components for Mahindra’s new, specifically designed electric platform, INGLO. Five all-electric SUVs with MEB components are included in the cooperation, which […] Read more
Principal Product Engineer (AI/ML) Updated On Tue, Aug 16th, 2022 by Saurenergy The AI/ML Product Engineer will develop integrated Machine Learning and/or Deep Learning based solutions on products that address customer needs in operations such as inspection topside and subsea. They will also be responsible for development of machine vision algorithms for automation and development of data analytics programs for Oceaneering’s next generation systems. Duties & Responsibilities:- […] Read more
$26M Investment In RE Grid Demonstration Projects By Biden Administration Updated On Mon, Aug 8th, 2022 by Saurenergy US President Joe Biden has announced a US $26M investment to demonstrate that the US electricity grid can be run fully on renewables and energy storage. The program will investigate how renewable energy can sustain grid dependability and allow it to stay connected during disturbances or reboot it in the event of a shutdown through […] Read more
Gensol Ventures Into EV Market With Manufacturing Plant In Pune Updated On Fri, Aug 5th, 2022 by Saurenergy Ahmedabad-based renewable energy solution provider, Gensol Engineering Ltd. has announced that it would enter into the electric vehicle (EV) market with personal mobility and cargo electric vehicles manufacturing plant. The business aspires to establish an EV manufacturing plant in Chakan, Pune. The plant is expected to begin making products in October this year and accept […] Read more
Volvo Group Expedites Work To Set Up Battery Production Plant In Sweden Updated On Fri, Aug 5th, 2022 by Saurenergy The Volvo Group has announced that it has initiated the process to establish a large-scale production plant for battery cells in Sweden. This is aimed at meeting the growing demand for battery electric heavy-duty vehicles and machines. Martin Lundstedt, President and CEO of the Volvo Group, commented on the development, “We aim to lead the […] Read more
Nexeon Raises $200 Million To Fund Battery Materials Manufacturing Updated On Thu, Aug 4th, 2022 by Saurenergy Nexeon has announced that it has completed the second close of its fundraise resulting in a total investment of $170 million furthering to the announcement of its strategic partnership with and investment from Korea based SKC last January. $50 million is also being commercially invested in Nexeon’s technologies as a result of the investment round. […] Read more
The First Factory Of NIO In Europe Will Commence Operation Soon Updated On Thu, Aug 4th, 2022 by Saurenergy Chinese EV startup NIO has said that its first factory in Europe will be operational in September, 2022. There will be no manufacturing of cars in the new facility. The joint announcement was made by Peter Szijjarto, Minister of Hungarian Foreign Affairs and Trade, and Hui Zhang, Vice President of NIO Europe Office in Budapest, […] Read more
Apollo Tyres Launches Electric Vehicle Specific Tyres Updated On Wed, Aug 3rd, 2022 by Saurenergy Leading tyre manufacturer, Apollo Tyres has announced that it has launched specific tyres for electric vehicles for both passenger vehicles and two-wheelers. The company has introduced Apollo Amperion range of tyres for the PV segment while the Apollo WAV range for the two-wheelers, have been added to the Indian market. Apollo claims that Amperion has […] Read more
