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* Media roundtable to be held on January 24, 2024, from 1 to 2 pm * Charging Forward 2027 business strategy presented for the first time in Japan During the 2024 EV Japan show at Tokyo Big Sight,...
Automotive supplier BorgWarner has opened a new plant near Chennai under BorgWarner Morse Systems India. The new facility to make Internal Combustion (IC) engine timing components for all range of vehicles.
Chennai, Sept 22: BorgWarner Morse Systems, a global leader in providing clean and efficient technology solutions, on Thursday said it has inaugurated a new plant in Tamil Nadu that would enhance production efficiency and strengthen company’s presence in the region. In the new facility which is adjacent to the existing unit in neighbouring Tiruvallur district, the company said high-performance engine control and variable camshaft timing (VCT) systems would be centralised in the new manufacturing unit which would also provide space […]
On Monday, 15-year-old battery maker Microvast Inc. made official an expected SPAC sponsorship by Tuscan Holdings Corp. (NASDAQ: THCB) in a deal valued at $3 billion. Tuscan raised $276 million in a March 2019 initial public offering. It added $540 million from investors including defense contractor and heavy equipment maker Oshkosh Truck Corp. (NYSE: OSK) and Black Rock. The world's largest asset management company frequently purchases private investment in public equity (PIPE) shares. Microvast is focusing on commercial vehicles like port equipment and mining trucks because, as CEO Ya...