The Southeast Asian nation has been trying to leverage its nickel reserves, the world’s biggest, to attract investment from battery and EV makers, including U.S. firms similar to Tesla and Ford. Automakers are courting Indonesia for its raw materials used in producing EV batteries, which account for about 40% of a vehicle’s sticker price, aiming to cut costs and close the hole on EV market leader Tesla. The automotive world is undergoing a radical change, in which two utterly completely different industries—automotive… Also, with the massive infrastructure being constructed across the nation, Chennai will quickly be connected with Delhi via the access-controlled freeway project, he stated.
Fuel retailers have lowered margins for now, but will be scrutinised closely as shoppers count the cost of filling up. Founders behind defunct self-driving startup backed by Ford and Volkswagen launched a brand new autonomous trucking firm, Stack AV, on Thursday with investment from …