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Ambassador to return as electric car? Maker Hindustan Motors enters Indian EV space

Hindustan Motors was founded in 1942 and was part of the Birla Technical Services conglomerate. It operated out of the now defunct plant in Uttarpara, Hoogly District, West Bengal. HM Ambassador to be back as an EV!The HM Ambassador, which was based on the Morris Oxford Series III, was brought to India as the Mark 1 HM Ambassador in India in the year 1957. The car later went on to serve the nation’s elite as well as the common man through the early years of Indian independence. This feat helped Hindustan Motors endure to…

Polestar and ultrafast battery maker StoreDot form a strategic partnership

Swedish EV maker Polestar and Israel-based electric vehicle battery startup StoreDot today announced that they have entered a strategic partnership. Polestar and StoreDot partnership Polestar, which will invest in StoreDot, will investigate using StoreDot’s extreme fast-charging silicon-dominant batteries in future Polestar cars. StoreDot says it’s on track to begin mass producing its “100in5” technology as early as 2024, achieving 100 miles of range in just five minutes of charging. Thomas Ingenlath, Polestar’s…

Armageddon Time: film featuring Trump family is attack on capitalism, says maker | Film

A new film set in 1980s New York, in which Donald Trump’s property mogul father, Fred, and high-achieving lawyer sister Maryanne appear as characters is a direct attack on late-stage capitalism, according to its principal cast and director.Armageddon Time, which is premiering at the Cannes film festival and stars Succession’s Jeremy Strong alongside Oscar-winner Jessica Chastain as Maryanne Trump, in a cameo, is set during the run-up to the election of Ronald Reagan as president and examines the layers of privilege that…

Okinawa Autotech Partners with Italian Electric Bike Maker Tacita

Okinawa Autotech on Thursday said it has partnered with Italian electric and performance bike firm Tacita to set up a joint venture for the manufacturing of futuristic scooters and motorcycles as well as powertrain for domestic and international markets. The Joint Venture (JV) company will be based in India and commence production in 2023, Okinawa Autotech said. The 2023 range, to be equipped with connectivity systems having Okinawa technology, will include a scooter and a high-end performance motorcycle. Tacita has…

Silicon Battery Maker Amprius to Go Public in $1.3 Billion SPAC Merger

Amprius Technologies Inc. has reached a deal with a special-purpose acquisition company that values the maker of silicon-anode batteries at about $1.3 billion and would take it public, company officials said. Based in Fremont, Calif., Amprius makes batteries that it says are more powerful than conventional lithium-ion cells because they use energy-dense silicon in the battery’s anode instead of graphite, the traditional material. The company currently sells them to customers such as…

COVID vaccine maker Adar Poonawalla asks Elon Musk to build Tesla cars in India

Serum Institute of India CEO Adar Poonawalla recently gave investment advice to World’s richest person Elon Musk. Poonawalla asked Musk to invest his capital in India if the Twitter deal does not come through. Hey @elonmusk just in case you don’t end up buying @Twitter, do look at investing some of that capital in INDIA for high-quality large-scale manufacturing of @Tesla cars. I assure you this will be the best investment you’ll ever make. — Adar Poonawalla (@adarpoonawalla) May 8, 2022 Poonawalla added that for the…

Buffett-Backed Auto Maker BYD is Probed Over Factory Emissions

BEIJING—Fast-growing car maker BYD Co. 1211 -4.11% is being investigated by local authorities in the central Chinese city of Changsha, after people living near one of the company’s biggest factories raised concerns about its emissions and complained of health problems.The city’s government said Sunday that it has formed a team to look into gas emissions from BYD’s plant, “in response to the public’s feedback.” It has roped in third-party testing agencies and other…

A French Sneaker Maker Grapples With How to Bring Production Home

ARDOIX, France—After 15 years of manufacturing entirely in Asia, French sportswear firm Salomon SAS, eager to cut emissions and reduce bottlenecks, decided it was time to start making its signature sports shoes at home. The challenge, in a country where shoemaking died out years ago, was how to build the necessary supply chain. The first phase of Salomon’s solution was to build an automated sneaker factory in this small town near the Alps. It also redesigned its shoes, drastically shrinking its supply chain…