Foxconn electric vehicle alliance plans boxy three-seater

10 Nov 2022 CW Team

MIH, a Foxconn-led electric vehicle consortium, has announced plans for its first car, a boxy single-row three-seater that it hopes will appeal to Asian one-child families. Foxconn has increased its investment in EVs and semiconductors in recent years, signing agreements with US startup Fisker Inc and Indian conglomerate Vedanta. MIH Consortium plans to build its first car, Project X, in 2023 and begin mass production the following year, based on strong demand in Asian markets for smaller electric vehicles. No customers have been confirmed. Foxconn announced a deal to take a near-20% stake in loss-making U.S. electric truck maker Lordstown Motors Corp for up to $170 million shortly before the MIH event began.

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Infrastructure Energy

28 Aug 2025

REC Hosts 56th AGM, Highlights Record Growth and Sustainability

REC Limited conducted its 56th Annual General Meeting (AGM) today through video conferencing, chaired by Jitendra Srivastava, Chairman & Managing Director. The meeting highlighted the company’s record operational and financial performance during the year, along with its strong focus on sustainability and ESG-led initiatives.Jitendra Srivastava, Chairman & Managing Director, in his address noted that REC achieved significant milestones during the year, strengthening its position as a performance-driven public financial institution. Loan sanctions stood at Rs 3.37 trillion, with disbur..

ADGBR Reviews Road Projects under Project Vartak

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Nitin Gadkari Launches Three Highway Projects in Madhya Pradesh

Union Minister for Road Transport and Highways, Nitin Gadkari, laid the foundation stone for three National Highway (NH) projects in Madhya Pradesh on 24 August. According to the Ministry of Road Transport and Highways (MoRTH), the projects are designed to reduce travel time, ease congestion, enhance road safety, and improve connectivity across key corridors.The first project covers the four-laning of the 17.87 km Amazhar–Barela stretch, completing the Jabalpur Ring Road. The upgrade will divert heavy vehicles away from the city, reduce accident risks, and ensure smoother connectivity from A..