Auto expansion: Sona Comstar forms $20 million joint venture with Jinnaite to enter China; move aims to tap booming EV market

Auto expansion: Sona Comstar forms $20 million joint venture with Jinnaite to enter China; move aims to tap booming EV market

Auto parts maker Sona BLW Precision Forgings Ltd (Sona Comstar) has entered into a joint venture with China-based Jinnaite Machinery Co Ltd (JNT) to make a strategic foray into the Chinese electric vehicle (EV) market. As per news agency PTI, the combined investment in the joint venture is pegged at $20 million (around Rs 167…

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Times Now

Delhi: International Supplier of Stolen Mobile Phones Arrested, 42 High-End Devices Recovered | Delhi News

Representational Image, ANI. The Delhi Police arrested a receiver and international supplier of stolen mobile phones and recovered 42 smartphones from his shop in Karol Bagh, an official said on Sunday. The accused, identified as Satender Pratap Singh alias Surjeet (47), a resident of Mahroli in Delhi, was allegedly preparing to ship the stolen devices…

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China plans to ban car resales within six months of registration to stop “zero-mileage” scam

China plans to ban car resales within six months of registration to stop “zero-mileage” scam

China is considering imposing a ban on the resale of newly registered vehicles, caused by chronic overcapacity and intense price wars within the nation’s EV market, which is pressuring automakers to pursue extreme tactics to survive, including fraud. China’s Ministry of Industry and Information Technology is considering a six-month embargo on the resale of newly…

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Chevrolet Equinox EV.

The Sneaky Way General Motors Is Catching Tesla

Key Points Chevrolet has overtaken the No. 2 spot for EV sales in the U.S. Cadillac EVs are bringing in new customers, especially from Tesla. GM has slowly built trust with consumers while Tesla has done the opposite. Tesla(NASDAQ: TSLA) took over the U.S. electric vehicle (EV) market in impressive fashion. It went from an…

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