Joint Venture

The new family of fully electric vans equipped with SDV will be introduced by the new company.Following the joint venture binding agreements signed on October 6t, 2023, Renault Group and Volvo Group have obtained the required regulatory approvals to officially launch the new company for the next generation of fully electric vans based on a Software Defined Vehicle (SDV) platform and its dedicated services.The new company will address the growing needs of decarbonized and…

This collaboration brings two best-in-class companies together to further advance the state-of-the-art technologies in power electronics for the automotive industry.Visteon, a global technology leader at the forefront of driving digitalization and electrification trends in the mobility industry, has created a Michigan-based joint venture with Shinry Technology Companies Ltd., a China-based Tier 1 supplier specializing in charging and distribution solutions for new energy…

Billionaire Mukesh Ambani on Sunday said his firm Reliance Industries in partnership with Canada's Brookfield will open a data centre in Chennai next week, marking entry into the fast-growing market.Reliance had in July last year invested about ₹378 crore to enter an existing joint venture, where Brookfield Infrastructure and US-based realty estate investment trust Digital Realty were already partners. The three own 33 per cent each in the venture. Speaking at the Tamil Nadu Global Investors Meet here, Ambani, chairman…

Last Updated: November 14, 2023, 12:31 ISTMumbai Metro: Cuffe Parade Underground Station to Redefine Commuting with Sunken Plaza and Mega Parking.Cuffe Parade Metro Station transforms Mumbai's commute with a unique sunken plaza, mega parking, and community-centric design, redefining metro experiences.Mumbai, the city of dreams, is gearing up for a major leap in its metro network with the much-anticipated Colaba-BKC-Aarey corridor.Among the exciting developments is the upcoming Cuffe Parade underground Metro station,…

SoftBank Group is forming a joint venture with supply-chain services provider Symbotic to build AI-powered warehouses that will be majority owned by the Japanese technology investor, the companies said on Monday.The firms are investing a total of $100 million in the venture, which will be called GreenBox Systems. The unit has also signed a contract to buy AI-powered systems worth $7.5 billion for its warehouses from Symbotic. The deal will give SoftBank, already an investor in Symbotic, warrants representing about 2% of…

Taiwan's Foxconn said on Tuesday it plans to apply for incentives that India is offering under its semiconductor manufacturing policy, a day after the company parted ways with Vedanta on a $19.5 billion (roughly Rs. 1,60,600 crore) chipmaking joint venture."Foxconn is committed to India and sees the country successfully establishing a robust semiconductor manufacturing ecosystem," the company said."Foxconn is working toward submitting an application."On Monday, Foxconn withdrew from its semiconductor JV with Indian…

NEW DELHI : Vedanta Group has partnered with 20 display glass companies from South Korea as it works to…

Volkswagen is investing 2.4 billion euros ($2.3 billion dollars) in a joint venture with China’s Horizon Robotics, the German auto giant said Thursday, despite a growing debate over Berlin’s economic relationship with Beijing. The partnership with VW’s software arm, Cariad, is intended “to speed up customisation of automated driving solutions for the Chinese market”, the group said in a statement. Ralf Brandstaetter, a member of the management board for Volkswagen in China, said the move was “a central cornerstone of our…