Indian automaker Mahindra & Mahindra has signed a supply agreement with Germany-based Volkswagen Group for components for its INGLO platform. The deal will equip certain ranges of the electric platform with electric components from Volkswagen s MEB and unified cells. The supply deal will span several years and have a lifetime total volume of around 50 GWh.
Renault Korea Motors, the South Korean unit of Renault S.A., said Sunday it has newly appointed a sales and marketing division chief in a bid to revitalize the company’s market presence and fortify its position in the domestic market. Emmanuel Al-Nawakil, the former vice president of sales and operations at Renault's performance brand Alpine, has received recognition for leading the company's growth. .
Shares of XPeng Inc. skyrocketed toward an 11-month high Wednesday, after Germany-based Volkswagen Group said it was investing $700 million in the China-based…