ELECTRIC RACING TEAMS
Herd on PE Street: TPG outruns everyone in race for Altimetrik
Last month, its Asia-focused fund TPG Asia VIII secured $5.3 billion in aggregate capital commitments. That made it the firm’s largest Asia fund in 30 years of investing in the region. Since inception, TPG Asia has ploughed more than $13 billion into core sectors including consumer, healthcare, financial services and TMT/new economy and the fund has realised more than $16 billion, according to its website.
Motor racing: F1 unveils 'nimble' car for new era starting in 2026
Formula One will enter a new era in 2026 with smaller and lighter cars featuring active aerodynamics. The FIA presented the technical regulations for the new generation of 'nimble' cars, aiming for better efficiency and handling. FIA president Mohammed Ben Sulayem hailed the unique revision to make the championship more relevant and attractive.
At least 14 dead from storms in Texas, Arkansas, Oklahoma and Kentucky
Search teams in the U.S. Southern Plains and Ozarks are assessing damage after tornado-spawning thunderstorms killed at least 14 people and destroyed hundreds of buildings. North Texas, near the Oklahoma border, was hit hardest, with seven fatalities and nearly 100 injuries. Severe weather delayed the Indianapolis 500. Tornadoes, with winds up to 135 mph, wreaked havoc, especially in Valley View, Texas, and other regions. As cleanup continues, forecasters warn of more storms, extreme heat, and a potentially severe Atlantic hurricane season starting June 1.
While Apple backtracks, a Chinese phone maker has raced ahead
Geely Auto and BYD Co., known for knock-offs, are now innovative. Xiaomi Corp., from cheap smartphones, aims to rival Tesla. Apple cancels EV project; Lei Jun leads Xiaomi's $10 billion EV venture.
After tennis, Infosys Topaz to drive AI-led innovation of Formula E racing
Infosys partners with ABB FIA Formula E as digital innovation partner, aiming to engage 500 million fans by 2030. The collaboration focuses on fan engagement, sustainability, and technology innovation, including AI-powered insights and real-time data.
China's Nio sets sights on big EV race with Tesla, ropes in larger rival BYD for batteries
The Chinese EV maker was initially aiming to make batteries in-house, before eventually dropping the plan with the aim of cutting down on costs.
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IPL Portfolio: Picking stocks like selecting a cricket team, says Arvind Kothari
Arvind Kothari draws parallels between crafting investment portfolios and selecting cricket teams, advocating a mix of specialists, all-rounders, and x-factor options to navigate market dynamics and outperform the competition. "Our investment portfolio primarily focuses on high-growth sectors that have significant potential for future growth and are expected to perform well, such as Make in India, Recycling Trends, Energy Transition, Consumption, and Defense, among others."
Coconut power for EVs? How startups are racing to decarbonise batteries
With the world betting on electric vehicles, the need for greener batteries has become important to maintain the balance between development and sustainability.
In EV catch-up race, legacy automakers hitch a lift with Formula E
Formula E has struggled to win over many motorsports enthusiasts, with Formula One still attracting significantly bigger audiences because electric cars lack the sustained power and noise of the internal combustion engine. But legacy automakers with electric teams say the race to maximize or regenerate power - Formula E cars start each race with only 60% of the battery capacity they need and have to generate the rest through braking - helps them develop more efficient motors and invertors, and software to enhance performance and range.
Surge in demand for skilled electric vehicle talent as Indian manufacturers race to meet green mobility demands
Homegrown EV and EV component makers such as Switch Mobility, EKA Mobility, GreenCell and ARENQ are anticipating the talent to reach as high as 200%. This is leading companies such as Tata Motors, the country’s largest EV maker, to tap entry-level talent from technical colleges and lateral talent from automotive and related industries.
Formula E cancels Hyderabad E-Prix, alleges breach of contract by new Telangana govt
Formula E has alleged a breach of contract by the Municipal Administration and Urban Development Department (MAUD) that falls under the control of Telangana government.
Fresh 'concerns' emerge over Formula E race in Hyderabad after change of guard in Telangana
Considering the operational challenges involved in hosting the first race, Formula E had dropped Hyderabad from the provisional calendar before including it in the final calendar in October. The change of guard has put them in a tough spot with the Congress government's letter to Formula E adding to its woes ahead of the race in six weeks' time.
Chinese carmaker BYD overtakes Tesla as world's most popular EV maker
In a sector still dominated by more familiar names like Toyota Motor Corp., Volkswagen AG and General Motors Co., Chinese manufacturers including BYD and SAIC Motor Corp. are making serious inroads. After leapfrogging the US, South Korea and Germany over the past few years, China now rivals Japan for the global lead in passenger car exports.
US and China race to shield secrets from quantum computers
Militaries would see their long-term plans and intelligence gathering exposed to enemies. Businesses could have their intellectual property swiped. People's health records would be laid bare.
Why Volkswagen is building a team of 3,000 engineers in China
Volkswagen is revamping its strategy in China, creating a "China for China" initiative due to the country's dominance in the electric car market. The move includes hiring Chinese engineers, setting up an electric car plant in Hefei, and replacing European suppliers with Chinese ones. This shift, driven by China's EV growth and cost-effective production, impacts job cuts in Germany and shapes a competitive landscape challenging traditional carmakers.
Fight for top talent gets fast & furious in auto space as traditional firms look to hire CXOs to drive EV plans
Amidst a transformative phase, auto companies, both traditional and EV-focused, are competing for senior-level executives. Nearly two-thirds of recent talent moves are within the industry, with EV firms drawing a significant share, reflecting the sector's dynamic evolution and demand for innovative leadership.
Las Vegas Grand Prix 2023: Know about the race schedule, when and where to watch
The last Formula 1 event in Las Vegas dates back to 1982, and the upcoming Grand Prix promises high-speed drama against the iconic backdrop of the Strip. Reigning world champion Max Verstappen, along with Red Bull, aims to uphold their season-long dominance, setting the stage for a thrilling spectacle.
China's EV threat: A carmaker that loses $35,000 a car
Chinese electric car company Nio, which competes with Tesla, employs 11,000 people in research and development but sells only 8,000 cars per month. Despite heavy investments in robots and technology, Nio is not profitable and lost $835 million from April to June. Chinese electric car companies receive government backing, allowing them to withstand losses and continue growing. Chinese automakers lead in battery technology and electric motor production, while also dominating the European market.
China's EV threat: A carmaker that loses $35,000 a car
Chinese electric car company Nio, which competes with Tesla, employs 11,000 people in R&D but only sells 8,000 cars per month. Despite heavy investments in robots and technology, Nio is not yet profitable, losing $835 million from April to June. However, Nio and other Chinese electric vehicle companies receive strong government backing, allowing them to withstand losses and continue growing.
Ex-Tesla factory worker loses bid for new trial in race bias case
US District Judge William Orrick in San Francisco in a written order upheld a $3.2 million verdict that a jury awarded to plaintiff Owen Diaz in April, denying his motion for a new trial while also rejecting Tesla's bid to cut the award in half.
Ola Electric to showcase futuristic electric superbike concept at Indian GP: Report
Ola Electric will showcase its electric superbike concept, Diamondhead, at the MotoGP event. Diamondhead has a futuristic design with a diamond-shaped panel and a semi-faired motorcycle appearance. It is expected to offer more power than the Ultraviolette F77 and become the flagship product in Ola Electric's lineup.
After G20 get ready for high-speed return of MotoGP Bharat
Organisers are setting records, having already sold a whopping 32,000 tickets for the three-day extravaganza, set to be beamed live to 200 countries. And they're not stopping there – they anticipate ticket sales to skyrocket past 50,000, making this a global spectacle like no other.
India, Thailand race for spot on Asia's chipmaking map
As China and US are engaged in the chip war, India has come out as an alternative option and is also exploring every opportunity to be recognized as a major player in the supply chain. Meanwhile, Thailand has singled out semiconductors as one of the most critical goods.
Honda’s CEO bets on new battery technology to catch up in EV race
Honda is seeking to catch up with peers outrunning it in the race to dominate a crucial market that is seeing a faster transition away from traditional cars and trucks. The automaker has teamed up with Sony Group Corp. to develop EVs and has pledged to sell only electrified vehicles by 2040.
Speedy but Sustainable: Greenko Hyderabad E-Prix puts green mobility on fast(est) track
First FIA event in India in a decade; inaugural race sold out with 20K audience watching global teams Maserati Tag Heuer Porsche, McLaren, Avalanche Andretti and Envision race against homegrown M&M & Tata
From nuts and bolts to software: Auto component firms gear up for the EV race
The two- and three-wheeler segment is getting electrified faster than cars and heavy vehicles. Auto component firms have noticed this trend and are finding ways to stay relevant.
Why racers, mechanics, tinkerers are converting their classic cars to EVs
Even though it's nearly silent, the classic American muscle car isn't broken. It's electric.
IIT Madras’s race car team to make electric debut
Multidisciplinary team building cars, for the first time, built an electric variant - RFR23, specifications of which will be disclosed at launch on Monday.
Salaries head north as EV companies race for talent
Factors like the recent thrust on EVs by the government, changing consumer mindset and EVs being a relatively new business domain and green are pushing the demand for EVs to new levels, despite recently emerged safety concerns in the two-wheeler segment following several fire incidents involving electric scooters.
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