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Canada, Honda representatives to meet about potential EV plant -source

Reuters · 1y ago

Canada, Honda representatives to meet about potential EV plant -source

Canadian officials are holding meetings with representatives from Honda Motor Co. as the carmaker reportedly considers building a $13.9 billion electric vehicle (EV) plant in Canada. The discussions involve various federal departments, and potential locations for the plant are being explored, including next to an existing factory in Alliston, Ontario. The Canadian government has been actively attracting companies involved in the EV supply chain to secure its manufacturing sector's future in Ontario and facilitate the country's transition towards carbon emission reduction.

Related News

Piyush Goyal meets senior Tesla executives to discuss manufacturing plant plans

Startup News FYI

Startup News FYI · 2y ago

Piyush Goyal meets senior Tesla executives to discuss manufacturing plant plans

Union Minister of Commerce and Industry, Piyush Goyal, reportedly held a closed-door meeting with senior Tesla executives last week to discuss the carmaker’s intentions to establish a manufacturing plant in India. The meeting came shortly after reports surfaced about the potential encounter between the Indian government and Tesla representatives.

Honda Prologue first drive: a pretty good start

The Verge

The Verge · 1y ago

Honda Prologue first drive: a pretty good start

Honda is entering the electric vehicle (EV) market with its first long-range EV for North America, the Honda Prologue. The midsized SUV will compete with Tesla Model Y, Hyundai Ioniq 5, Kia EV6, Ford Mustang Mach-E, and the Chevrolet Blazer EV. The Prologue offers a range of up to 296 miles and features a 155kW DC fast charge capability. Honda has also partnered with EVgo and Electrify America to provide easy access to charging networks. The Prologue will be available in three trims, with prices starting at $48,795 for the base model.

Indian EV maker Wardwizard to form joint venture in Saudi Arabia

VCCircle

VCCircle · 11m ago

Indian EV maker Wardwizard to form joint venture in Saudi Arabia

Indian EV manufacturer Wardwizard Innovations and Mobility has received a letter of intent to establish a joint venture in Saudi Arabia. The plan includes setting up an assembly plant and an EV cell plant in the country. Initially, the assembly plant will produce electric two-wheelers, three-wheelers, and four-wheelers, with the potential to expand to electric bus production later on. The EV cell plant will be dedicated to manufacturing electric vehicle cells. The cost of entering into the joint venture has not been disclosed.

Mint Quick Edit | Honda’s liftoff success: Yes, it’s headed for space

Livemint

Livemint · 1m ago

Mint Quick Edit | Honda’s liftoff success: Yes, it’s headed for space

Honda successfully tested a reusable rocket, advancing in a field dominated by SpaceX. The Japanese carmaker's six-meter, 900kg experimental rocket achieved a critical milestone by taking off and landing smoothly, despite flying only 300 meters high. This unexpected move positions Honda as a potential contender in the reusable rocket space, traditionally led by players like Elon Musk’s SpaceX, and raises questions about further international competition, including potential developments from India.

Honda doubles down on hydrogen with new fuel-cell powered SUV

The Verge

The Verge · 1y ago

Honda doubles down on hydrogen with new fuel-cell powered SUV

Honda has unveiled its new hydrogen fuel cell vehicle, the 2025 Honda CR-V e:FCEV, which will be available for leasing in California later this year. The compact crossover SUV features fuel cell modules produced by Honda and General Motors' joint venture, offering an EPA-rated range of 270 miles, including 29 miles of all-electric driving range. The vehicle comes standard with HondaLink connectivity, providing information on hydrogen fueling stations. With hydrogen fuel cells gaining traction in heavy-duty vehicle development, Honda aims to transition away from polluting vehicles and meet climate goals.

Companies News Today Live Updates on December 18, 2024: Nissan, Honda begin merger talks; to set up holding company, says report

Livemint

Livemint · 7m ago

Companies News Today Live Updates on December 18, 2024: Nissan, Honda begin merger talks; to set up holding company, says report

Nissan and Honda have reportedly started discussions about a potential merger and plan to establish a holding company. This update provides live coverage of companies' news, including financial performance, acquisitions, and market trends. Stay informed about mergers, financial results, and leadership changes that shape various industries.

Foxconn has discussed making bid for Nissan

Livemint

Livemint · 7m ago

Foxconn has discussed making bid for Nissan

Taiwanese contract manufacturing company Foxconn is reportedly in discussions to acquire Nissan as part of its plans to expand its electric vehicle (EV) business. Foxconn is interested in Nissan's core assets, particularly its expertise in car hardware manufacturing and design. The former Nissan executive, Jun Seki, who now heads Foxconn's EV business, has facilitated communication between the two companies. This interest coincides with confirmation from Nissan and Honda that they are in talks regarding a potential merger or collaboration. Foxconn aims to leverage its experience in contract manufacturing to establish a presence in the global EV market.

JSW Group looks to participate in lithium mines auction: Sajjan Jindal

Money Control

Money Control · 1y ago

JSW Group looks to participate in lithium mines auction: Sajjan Jindal

The JSW Group is planning to participate in the auction of lithium mines as part of its efforts to create a robust electric vehicle (EV) ecosystem with a strong supply chain. The conglomerate aims to lower EV production costs by enhancing local sourcing and leveraging its subsidiaries. JSW Group recently received permission from the Odisha government to set up an EV components manufacturing complex, and now plans to source components from this plant to reduce production costs. The group recognizes the importance of lithium, a sought-after mineral used in EV batteries, and intends to secure its supply through participation in mine auctions.

Steel min order on standards could hurt MSMEs; fear of losses, plant shutdowns: GTRI

Economic Times

Economic Times · 1m ago

Steel min order on standards could hurt MSMEs; fear of losses, plant shutdowns: GTRI

The steel ministry's updated order requires steel imports to meet Indian standards, including raw materials, causing concerns among MSMEs about potential losses and plant closures. The rule, effective from June 16, affects shipments with pre-signed contracts. The Global Trade Research Initiative highlights the industry's lack of preparation time and the extended duration required for BIS certification. Businesses now face compliance challenges, risking non-compliance declarations for goods already in transit.

EV players discuss development of battery charging, swapping infra with Piyush Goyal

Economic Times

Economic Times · 7m ago

EV players discuss development of battery charging, swapping infra with Piyush Goyal

Electric vehicle (EV) stakeholders discussed battery charging and swapping infrastructure with Commerce Minister Piyush Goyal and officials from the Department of Heavy Industries and DPIIT. Representatives from Tata, TVS, and Mercedes-Benz India raised concerns about the location and standards of swapping stations. The government aims to promote EV manufacturing through policy incentives and public charging stations. India's EV market is projected to achieve significant growth, with new jobs and public charging facilities planned under schemes like FAME-II and PM E-DRIVE.

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