LONDON: DG Innovate plc (LSE: DGI), a leader in sustainable mobility and energy storage solutions, has announced a joint venture with Indian electric vehicle maker EVage Automotive Pvt. Limited. The agreement aims to manufacture and supply DG Innovate’s Pareta® e-drives. This follows a Memorandum of Understanding signed earlier this year. The new joint venture company,…
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DG Innovate and EVage forge joint venture for electric vehicle drives in India
LONDON, UK: DG Innovate (LSE: DGI), a leader in sustainable mobility and energy storage R&D, has announced a Memorandum of Understanding with EVage Automotive Pvt. Ltd., an Indian electric vehicle company. The MoU outlines the formation of a joint venture to produce DG Innovate’s Pareta® e-drives in Chandigarh, India. The proposed joint venture, 60% owned…