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Investments & Funding;Automotive;Renewable Energy

Maharashtra positions Mumbai region for multi-sector growth with $6.5 billion Vingroup investment plan

Maharashtra has entered into a strategic agreement with Vietnam’s Vingroup to explore $6.5 billion in investments across urban development, electric mobility, renewable energy, and infrastructure, signaling expanding foreign participation in India’s urban and sustainability-focused economic transformation.

India | 3 days ago

Renewable Energy

EIB provides €146 million to Kronospan for industrial decarbonisation and energy resilience in central europe

The European Investment Bank has extended €146 million to Kronospan to deploy solar generation, battery storage, and electric fleet infrastructure across its central European manufacturing sites. The financing supports EU climate objectives and strengthens sustainable building material supply chains.

3 days ago • Central Europe

Automotive

Andhra Pradesh approves Cargo Matters' ₹1 billion EV freight hub

The Andhra Pradesh government has cleared a ₹1 billion investment by Cargo Matters to develop an integrated electric vehicle manufacturing and charging facility in Madanapalle. The project, aligned with the state's EV policy 4.0, targets heavy commercial vehicle electrification through retrofitting, charger production, and R&D infrastructure.

3 days ago • India

Automotive

Ashok Leyland expands EV strategy with new battery pack manufacturing facility in Tamil Nadu

Ashok Leyland has begun construction of a battery pack manufacturing plant near Chennai with an investment of about Rs.4 to 5 billion. The facility will produce battery systems for electric commercial vehicles, supporting India’s EV supply chain localization and reinforcing Tamil Nadu’s position as a manufacturing hub.

3 days ago • India

Financial Services

Axis Bank aligns with Tesla to expand premium EV financing options across India

Axis Bank has partnered with Tesla to provide specialized financing for customers purchasing the US electric vehicle manufacturer’s cars in India. The initiative introduces customized loan structures and digital onboarding, reflecting growing collaboration between financial institutions and EV manufacturers as India’s premium electric mobility market develops.

3 days ago • India

Logistics

Maruti Suzuki secures VCS registration for Gujarat rail logistics shift project

Maruti Suzuki India Limited has received registration under Verra’s Verified Carbon Standard for its Gujarat in-plant railway siding, marking it as the first modal shift transportation project recognised under the programme. The initiative is expected to generate about 170,000 carbon credits over a 10-year period.

3 days ago • India

Mergers & Acquisitions

Boyd Group announces $1.3 billion deal to acquire Joe Hudson's Collision Center, expanding U.S. Footprint

The Boyd Group has entered into an agreement to acquire Joe Hudson's Collision Center (JHCC) from TSG Consumer Partners in a $1.3 billion deal. The acquisition will add 258 U.S. collision repair facilities to Boyd’s network, strengthening its presence in the fast-growing Southeast region.

3 days ago • United States

Automotive

Vietnam begins construction of USD 319 Million GEL-O&J automobile manufacturing plant in Hung Yen

Vietnam’s Geleximco Group and China’s Chery Group have officially started construction of the GEL-O&J automobile manufacturing plant in Hung Yen Province. With a total investment of USD 319 million, the two-phase project is expected to become a major automotive production hub in the region.

3 days ago • Vietnam

Automotive

Nidec Conversion & BNP Paribas Leasing Solutions forge partnership to boost e-mobility infrastructure across Europe

Nidec Conversion has entered a strategic alliance with BNP Paribas Leasing Solutions to expand access to electric vehicle charging infrastructure across Europe. The partnership will provide flexible financing options for businesses looking to adopt e-mobility and energy-efficient technologies.

3 days ago • Europe

Automotive

Chery-Ebro alliance revives Spain’s Zona Franca auto hub with EV-focused manufacturing platform

A joint venture between China’s Chery and Spain’s Ebro is accelerating the revival of vehicle manufacturing at Barcelona’s former Nissan plant. The project has generated 1,000 direct jobs, surpassed 9,000 unit sales in September, and is expanding EV production capacity for European markets.

3 days ago • Spain

Latest News

Energy & Power | 2 days ago

EBRD approves USD 65 million for Egypt’s solar-plus-storage infrastructure project

The European Bank for Reconstruction and Development has committed USD 65 million to finance a hybrid 200 MW solar plant and 120 MWh battery storage facility in Aswan, Egypt. This initiative, developed by HAU Energy, marks a critical step in stabilizing the national grid while advancing the country's transition toward a low-carbon energy infrastructure.

Infrastructure | 2 days ago

USACE awards $113.8 million contract to J.F. Brennan for invasive carp deterrents at Brandon road project

The U.S. Army Corps of Engineers has awarded a $113.8 million contract to J.F. Brennan Company for leading-edge invasive carp deterrents as part of the Brandon Road Interbasin Project in Illinois. The award completes Increment I of the ecosystem restoration effort.

Energy & Power | 2 days ago

CoreMarine and Jumbo Offshore win contract for FLNG mooring installation in Argentina

CoreMarine and Jumbo Offshore have secured a contract from Southern Energy S.A. to transport, install, and hook up soft-yoke mooring systems for two FLNG vessels in Golfo San Matías. The project supports Argentina’s gas export expansion, with installations scheduled for 2027 and 2028.

Government & Policy | 2 days ago

NASA awards $76m data science contract to Development Seed for Marshall space flight center

NASA has selected Development Seed for a $76 million indefinite-delivery/indefinite-quantity contract to provide R&D services to the Office of Data Science and Informatics at Marshall Space Flight Center. The contract includes a two-year base period with three one-year options through June 2031.