Both companies signed a Term Sheet on the supply of MEB electric components for Mahindra’s new, purpose-built electric platform INGLO, deepening the Partnering Agreement from earlier this year. The cooperation intends to have a volume of more than one million units over lifetime and includes the equipment of five all-electric SUVs with MEB components. In addition, the two companies will explore further opportunities for collaboration, ‘opening the perspective towards a broader strategic alliance to accelerate the electrification of the Indian automotive market’.
India’s vehicle market is one with good long-term demand growth potential of course and it has perked up lately.
It’s getting even busier in the area of batteries.
China-based CATL continues to grow presence in Europe and a CATL plant in Hungary will supply European Mercedes factories. CATL has confirmed the new factory in Hungary will produce battery cells and modules for a number of European automakers, including Mercedes-Benz, BMW, Volkswagen and Stellantis. However, Mercedes-Benz said it will be the plants first and biggest customer in the initial stages.
Over in North America, it looks like the GM and LG Ultium JV is closing in on a fourth battery cell plant: GM and LG considering Indiana for fourth US battery plant
Rivian is one of the more interesting EV startups around; backed by Ford and Amazon, the vehicle designs and business plans look serious. It’s no easy path though, especially as you start to ramp up volumes and incur higher operational costs: Rivian losses mount. Just ask Tesla.
With all the talk of electrification it’s perhaps nice to occasionally remind ourselves of the pleasure that can be derived from an old school ICE. Our analyst Glenn Brooks describes the simple, visceral appeal of driving a retro-cool super lightweight Caterham Seven roadster.
On the interviews front:
Israeli-based Hailo is partnering with Renesas to create a more compelling chip. To learn more, Matthew Beecham caught up with Yaniv Sulkes, VP of Product Marketing & Automotive at Hailo.
As automotive supply chains come under increasing pressure, we get the views of a supply chain specialist from Rand Technology, Jennifer Strand.
For the first time, an autonomous truck has completed a successful trip in the UK. We spoke to Sander Van Dijk, head of autonomous systems, StreetDrone, to find out more about this technology and the challenges the team overcame along the way.
Finally, some sad news for anyone who enjoyed the annual trip to the Geneva Motor Show – the planned February 2023 event has been axed. Well, kind of. The Geneva organisers say it has now been moved ‘exclusively’ to Doha, Qatar in November next year. I do wonder: will we ever get a Geneva Motor Show again? I hope we will. Doha doesn’t really count.
Have a nice weekend.
Editor, Just Auto