Alpine F1 Team Secures Funding From Investor Group Backed by Ryan Reynolds and Rob McElhenney

The Alpine F1 team has received €200 million (approximately Rs. 1,800 crore) in cash investment from a group of investors, including actors Ryan Reynolds (Deadpool) and Rob McElhenney (It’s Always Sunny in Philadelphia). The group, composed of Otro Capital, RedBird Capital Partners and Maximum Effort Investments, has acquired a 24% stake in the Alpine F1…

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iPhone Supplier Foxconn to Invest $250 Million for EV Components Unit in Vietnam

Foxconn will invest about $250 million (nearly Rs 20,500 crore) in two new projects in Vietnam, including the production of electric vehicle (EV) components, the world’s largest electronics assembly contractor and local authorities said on Friday. The move confirms Foxconn’s global plans to become a player in the electric vehicle industry after years of focusing…

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EV Charger Makers Oppose Texas’ Plan to Mandate Tesla Charging System

A group of electric vehicle charger manufacturers and operators are fighting Texas’ plan to force Tesla technology into charging stations, calling it “premature,” according to Reuters and a person familiar with the matter. Reuters reported last week that Texas will require charging companies to adopt both Tesla’s North American Charging Standard (NACS) and the nationally…

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Nasscom Raises Concerns Over ‘Unrealistic’ EV Targets in Delhi, Cites Inadequate Charging Infrastructure

Nasscom, in its submission on plans for Delhi’s mobility aggregators and delivery service providers, raised concerns over “unrealistic electrification targets” for EVs in the capital, citing supply constraints, inadequate charging infrastructure and challenges faced by taxi drivers.Nasscom highlighted that currently only 0.16% of the total vehicles in use in Delhi are electric vehicles as it…

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Tesla Set to Bring Fully Autonomous Self-Driving Cars ‘Later This Year’, Says CEO Elon Musk

Electric car giant Tesla will have fully self-driving cars “later this year,” Elon Musk said on Thursday, the billionaire’s latest prediction for the long-awaited milestone. “As far as Tesla is concerned at this stage, I think we are very close to achieving fully autonomous driving without human supervision,” Musk said via video link at the…

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