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Vitesco Technologies announces Q1 CY2023 financial results

NL Corresspondent Jammu Tawi: Vitesco Technologies, a global provider of modern drive technologies and electrification has announced its financial results for Q1 CY2023. The company reported revenue of 2.31 billion euro (Rs 20,300 crore), EBIT of 37.1 million euro (Rs 326 crore) as against 47.7 million euro (Rs 413 crore), EBIT margin of 1.6 percent
Jammu Tawi India General Andreas Wolf Vitesco Technologie Electrification Solutions Epowertrain Solutions

The mining industry is also focusing on decarbonization

Mining is a difficult sector to carbonize, yet some emissions can be saved here. Things are happening in the mining industry when it comes to reducing emissions. For example, there is a new pilot program involving a high-caliber nine-member consortium. Mining Electrification Solutions for Off-Road Vehicles is to be launched. At the heart of it all is a high-performance battery system, so lithium-ion batteries. Short charging times are required, and it should be possible to generate renewable ene
Rio Tinto United States Baden Wüberg Clayton Valley Cypress Development Cypress Development Or Alpha Lithium

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