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Tag: electric

  • Hyundai, Kia, Tesla, Volkswagen to recall over 456,000 vehicles for faulty parts

    Seoul, June 26: Hyundai Motor, Kia and two other carmakers will voluntarily recall more than 456,000 vehicles due to faulty components, the transport ministry here said on Wednesday.

    The four companies, also including Volkswagen Group Korea and Tesla Korea, will voluntarily recall 456,977 units of 11 different models, the Ministry of Land, Infrastructure and Transport said in a statement.

    The problems that prompted the recall include a design flaw in the engine starter motor in 236,518 units of two Hyundai Genesis models, posing a fire risk. Also 18,397 units of the hybrid version of Hyundai’s Santa Fe SUV were found to have a software error in the electronic brake system.

    Kia will recall 157,188 units of its Sportage SUV due to the poor durability of its hydraulic electronic control unit, reports Yonhap news agency.

    Volkswagen will recall 4,886 units of the ID.4 model due to a software error in the information and electronics control unit, and Tesla will recall 2,819 units due to an error in the seatbelt warning systems in four models.

    Last month, Hyundai Motor, Kia and two other carmakers recalled over 7,700 vehicles due to faulty components.

  • Castrol to invest USD 50M in Gogoro’s battery swapping ecosystem • EVreporter

    Castrol, a company specializing in lubricants and part of the bp group, has announced an investment of up to USD 50 million in Gogoro Inc. (Nasdaq: GGR), a technology company in battery-swapping ecosystems for urban mobility solutions.

    The initial investment of USD 25 million will be made by Castrol Holdings, an affiliate of Castrol, in ordinary shares of Gogoro. A second USD 25 million investment in the form of a convertible note is anticipated, contingent on certain transactions related to their business collaboration.

    The first tranche will result in Castrol acquiring approximately 5.72% of Gogoro’s outstanding ordinary shares, marking Castrol’s initial move to diversify beyond its core lubricants and fluids business under its new strategy, ‘Onward, Upward, Forward’. Gogoro aims to promote sustainable two-wheeler transportation in densely populated cities through its battery swapping platform for lightweight urban vehicles.

    “Two-wheelers are a critical part of our global product portfolio and as our customers transition to electric two-wheelers the Castrol brand has an important role to play in the eco-system,” said Michelle Jou, CEO Castrol. “Gogoro is a global leader in two-wheeler battery swapping and our investment in Gogoro is a strategic step towards diversifying our portfolio, remaining relevant in our customers’ lives, embracing new opportunities to future-proof our iconic 125-year-old brand and to create additional value for our shareholders.”

    “Gogoro’s proven battery swapping platform and smart electric two-wheeler vehicles have demonstrated how cities can be transformed when given access to smart, sustainable and convenient portable power. This investment by Castrol is a testament to this success and enables us to expand even faster,” said Horace Luke, Founder and CEO of Gogoro.

    Also read: Gogoro partners with HPCL to introduce battery swapping at fuel retail outlets

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  • EV industry expects stronger push for ‘Make in India’ in upcoming budget

    The industry is hopeful that the upcoming FAME-III scheme will include subsidies for electric two-wheelers, making them more affordable and attractive to consumers

    India’s EV industry has high expectations from the upcoming budget. Under Prime Minister Narendra Modi’s government, promoting green mobility through EVs has always been a key focus. In fact, in the previous budget, commendable steps were taken towards a greener future by supporting EV manufacturing and expanding charging infrastructure across the country.

    Talking to Bizz Buzz, Ravi Machani – Co-Founder Investor, Tresa Motors said, “As the incumbent government begins its third term, the commitment to green mobility is expected to intensify further, with a strong emphasis on ‘Make in India’ initiatives.”

    These policies are expected to boost domestic EV production and create a robust ecosystem for EVs in India, with a strong focus on securing a reliable supply chain for EV materials. By focusing on resources available within India for cell manufacturing, the government aims to reduce reliance on imports and make the nation more self-sufficient, he said.

    Furthermore, the EV industry expects the government to offer incentives for heavy commercial vehicles (HCVs), thus encouraging the mining, steel, cement and logistics industries to transition from diesel-powered to eco-friendly electric HCVs. These measures will not only make these sectors more sustainable but also significantly contribute to India’s overall goals for green mobility.

    Ashok Vashist, Founder & CEO at Wise Travel said, “We believe that subsidies should not merely incentivize purchase but should reward usage. It’s crucial that subsidies are directed towards the operators, not just the manufacturers. This ensures that the benefits trickle down to those who actively contribute to reducing emissions and promoting sustainable mobility.”

    Subsidies should be based on the utilization of the vehicles, rewarding operators who integrate EVs into their fleets and maximize their usage. This way, the subsidy becomes a tool for promoting actual impact rather than mere ownership.

    As we look to expand our electric fleet, we hope that the budget and FAME 3 will prioritize operators who demonstrate commitment to sustainability. Those who merely purchase EVs for show should not be the primary beneficiaries. Instead, subsidies should reward those who utilize these vehicles extensively, thereby maximizing their environmental and economic benefits, he said.

    The electric vehicle revolution in India has gained remarkable momentum over the past two years, propelled by the government’s visionary FAME-I and FAME-II initiatives. We applaud these policies that have catalyzed the nation’s transition towards clean mobility.

    “As the interim budget for 2024-25 demonstrated, the government’s commitment to bolstering India’s EV ecosystem extends far beyond these initial schemes. The increased focus on domestic manufacturing and charging infrastructure development is a testament to their unwavering support for this critical industry,” Aditya Singh Ratnu, Co-Founder and CEO of ZEVO said.

    While these measures are commendable, we believe there is still room for improvement. One area that requires urgent attention is the inclusion of electric two-wheelers under the FAME subsidy umbrella. Extending subsidies to two-wheelers would not only reduce manufacturing costs but also open up investment opportunities, and encourage consumers to invest in these vehicles.

    Initial reports do indicate that the highly anticipated FAME-III scheme is on the horizon, and is to receive a substantial budget allocation of around Rs 10,000 crore. This scheme is expected to support electric two, three, and four-wheelers, marking a significant milestone in India’s EV journey. We eagerly await the details of this initiative, as it will lead to a strong transition away from traditional Internal Combustion Engine vehicles and further strengthen the EV ecosystem, paving the way for the next 10 years.

  • PV sales will see 3-5% growth in FY25

    Mumbai: Passenger vehicle sales is projected to grow at a moderate 3-5 per cent this financial year on account of a high-base effect of FY24, shrinking order book and subdued demand for entry-level variants, a report said on Monday.

    According to the report by credit ratings agency CareEdge, following robust growth of 90 per cent with volumes at 90,432 units in FY24, with an improving penetration rate, electric car sales in the passenger vehicle (PV) segment is likely to clock volume of around 1.30-1.50 lakh units in FY25. In FY22 and FY23, the PV industry experienced substantial year-on-year volume growth due to pent-up demand post-Covid recovery and new product introductions, it said. Utility vehicles played a significant role, with volumes increasing by 41 per cent in FY22 and 33.2 per cent in FY23.

    The industry benefitted from lower interest rates and an increased desire for personal mobility in the wake of the pandemic, CareEdge said. According to CareEdge, utility vehicles contributed 10-15 per cent of total passenger vehicle sales until FY12. It grew at a compound annual growth rate (CAGR) of 15.51 per cent between FY13 and FY24, as consumer preference shifted towards utility vehicles that offered better and innovative designs, new models, technological, functional and safety features. For the past decade, the utility vehicles segment has consistently outperformed the passenger vehicle industry growth rate. In FY24, for the first time utility vehicles sales volume stood higher than passenger cars and vans, it said. Currently, utility vehicles account for over 55 per cent of all new PV sales and its share in overall passenger vehicle (PV) sales is expected to further rise over the medium-term, CareEdge said.

    “The PV industry is expected to exhibit moderate volume growth of around 3-5 per cent in FY25 on account of a high-base effect of FY24, shrinking orderbook and expectation of persistently subdued demand for entry-level variants in FY25,” said Arti Roy, Associate Director at CareEdge Ratings.

  • Tata Motors launches Altroz Racer: A comprehensive review

    Tata Motors, a prominent name in the Indian automotive industry, has added a new feather to its cap with the launch of the Altroz Racer. This new variant of the Altroz hatchback is tailored for those who crave performance and style. The Altroz Racer combines a powerful engine, sporty aesthetics, and advanced features, positioning itself as a top contender in the premium hatchback segment.

    Performance and Powertrain

    The Altroz Racer is powered by a robust 1.2-litre turbocharged petrol engine, which significantly enhances its performance capabilities. This engine produces an impressive 120 Ps at 5500 rpm and a peak torque of 170 Nm between 1750 to 4000 rpm. These figures promise a thrilling driving experience, whether you are navigating urban traffic or cruising on the open highway. The inclusion of a 6-speed manual transmission further adds to the car’s dynamic driving appeal, offering smooth and precise gear shifts.

    One of the standout features of the Altroz Racer is its sporty exhaust note. This not only enhances the auditory experience for the driver but also adds to the overall sporty character of the vehicle. The combination of power, torque, and the sporty exhaust ensures that every drive is an exhilarating experience.

    Design and Styling

    The Altroz Racer’s exterior design is inspired by race cars, making it visually distinct and appealing. It features aggressive front and rear bumpers, sleek lines, and racer-specific badging. The car is available in three striking colours: Pure Grey, Atomic Orange, and Avenue White, each of which enhances its sporty aesthetics.

    The Altroz Racer continues the sporty theme inside with a cabin that features contrast stitching, a flat-bottom steering wheel, and exclusive Racer branding on the seats and interior trims. The use of premium materials throughout the interior ensures a high-quality feel, making every journey comfortable and enjoyable.

    Advanced Features and Technology

    The Altroz Racer is packed with features designed to enhance both convenience and safety. The centerpiece of the dashboard is a 26.03 cm infotainment touchscreen, which supports Apple CarPlay and Android Auto, ensuring seamless connectivity and entertainment on the go. Additionally, the car is equipped with a 360-degree camera, making parking and manoeuvring in tight spaces an easier feat.

    Comfort is a priority in the Altroz Racer. It comes with ventilated seats, which are especially useful during hot weather. The vehicle also features six airbags as standard, underscoring Tata Motors’ commitment to safety. Other notable features include a wireless charger, iRA connected car tech, and an air purifier, making the Altroz Racer one of the most feature-rich hatchbacks in its segment.

    Variants and Pricing

    The Altroz Racer is available in three variants: R1, R2, and R3, each offering a unique set of features to cater to different customer preferences. Here’s a breakdown of the introductory ex-showroom prices in Delhi:

    R1: ₹9,49,000

    R2: ₹10,49,000

    R3: ₹10,99,000

    Each variant builds upon the previous one, adding more features and conveniences. The R1 variant comes with R16 alloy wheels, six airbags, leatherette seats, and a 26.03 cm infotainment system with wireless Android Auto and Apple CarPlay. The R2 adds an electric sunroof with voice assist, a wireless charger, a 17.78 cm TFT digital cluster, and more. The top-of-the-line R3 includes iRA connected car tech, front ventilated seats, an air purifier, and additional advanced features.

    Additional Variants and Powertrain Options

    In addition to the Racer, Tata Motors has also introduced two new variants (XZ LUX and XZ+S LUX) and upgraded one variant (XZ+OS) in the Altroz range. These new variants are available in multiple powertrain options, including petrol manual, petrol DCA, diesel, and CNG powertrains, offering customers a wide range of choices to suit their preferences.

    Customer and Market Positioning

    According to TATA Motors, Altroz has already garnered a significant customer base, with over 2.5 lakh happy customers. It has set benchmarks in the premium hatchback segment in India with its design, features, performance, and safety. The Altroz was the first hatchback in India to earn a 5-star Global NCAP safety rating and is the first CNG car in the country to feature twin-cylinder technology. It is also the only hatchback that offers a host of powertrain options for its customers to choose from.

    The launch of the Altroz Racer is a testament to Tata Motors’ commitment to innovation and catering to diverse customer needs. With its powerful engine, sporty design, advanced features, and robust safety credentials, the Altroz Racer is poised to set a new benchmark in the premium hatchback segment. It offers a compelling package for those who seek performance and style without compromising on practicality and safety.

    During the launch of the Altroz Racer, Mr. Vivek Srivatsa, Chief Commercial Officer of Tata Passenger Electric Mobility Ltd., emphasised the vehicle’s appeal by highlighting its exceptional power and innovative features. He remarked that the Altroz Racer is designed to infuse daily driving with excitement, catering to the modern, connected, and style-conscious generation seeking a distinctive car that sets them apart.

    With the introduction of the Altroz Racer, Tata Motors continues to push the boundaries of what a premium hatchback can offer, ensuring that it remains a preferred choice for discerning customers in India.

  • ElectroRide and Battery Smart to establish battery swapping at 2,500 locations across India • EVreporter

    ElectroRide, an electric vehicles retail chain in India, has announced a partnership with Battery Smart, India’s battery swapping network for electric two and three-wheelers. This collaboration will begin with Battery Smart establishing 50 swap stations at ElectroRide locations in Delhi and Uttar Pradesh.

    The partnership aims to enhance electric mobility adoption by creating additional EV swapping infrastructure. It aligns with Battery Smart’s goal of offering EV users access to swap stations within a 1 km radius with minimal wait time. Over the next five years, ElectroRide plans to equip its 2,500 locations with battery swapping stations.

    Rahul Goenka, Director of ElectroRide, expressed enthusiasm about this endeavor, stating, “Our collaboration with Battery Smart, a key player in the Indian two and three-wheeler EV market, underscores our commitment to revolutionizing the electric mobility landscape. The deployment of 2,500 battery swapping stations is a testament to our vision for a sustainable and accessible electric vehicle infrastructure in India. This initiative aligns with the government’s push towards greener transportation solutions and is poised to make electric vehicles more viable for the masses. The strategic placement of these stations aims to cater to the needs of urban and intercity electric vehicle commuters, fostering a paradigm shift towards cleaner and efficient mobility solutions.”

    Operational since June 2020, Battery Smart has expanded to 1,000 stations across 30 cities, completing over 35 million swaps. By utilizing Battery Smart’s Battery-as-a-Service (BaaS) model, EV users can quickly replace depleted batteries with fully charged ones in approximately 2 minutes. Future phases of the project will involve a rapid network expansion to ensure widespread accessibility. ElectroRide also plans to deploy 30,000 vehicles with battery swapping technology to enhance their range.

    “We are excited to partner with ElectroRide as they continue strengthening India’s EV infrastructure. With the growing adoption and acceptance of electric vehicles nationwide, it is crucial to expand access to battery swapping stations. This will enable two and three-wheeler EV users to benefit from the convenience, cost-effectiveness, and efficiency that battery swapping offers,” added Nishant Garg, Senior Director – Expansion, Battery Smart.

    ElectroRide, a division of Goenka Green, offers a range of e-mobility products, including motorcycles and three-wheelers, and provides after-sales support. The company is actively involved in developing and deploying e-vehicle charging infrastructure across India, with a strong presence in the northern region and plans to expand to South India.

    Also read: Battery Smart raises USD 33M, targets 100K customers by 2025

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  • Hyundai Motor doubles down on ensuring longer driving range of EVs

    Seoul, June 24: Hyundai Motor Group is strengthening its electric vehicle (EV) battery supply chain and internal production capacity, as the world’s third-largest auto group seeks to present price-competitive EV models with better driving ranges.

    Last week, SQM, a Chilean lithium mining company, announced that it reached a long-term agreement with Hyundai Motor and Kia to supply lithium hydroxide to the South Korean automakers.

    The SQM deal marked Hyundai’s third lithium hydroxide supply contract signed this year after the ones with Chinese companies Ganfeng Lithium and Chengxin Lithium Group announced in January, reports Yonhap news agency.

    Lithium hydroxide is used in high-priced ternary batteries, such as NCM (nickel-cobalt-manganese) batteries, which are high in energy density. NCM batteries are relatively expensive but allow for a long driving range per charge for EVs compared with the more broadly used LFP (lithium iron phosphate) batteries.

    Auto industry observers see Hyundai Motor Group’s recent lithium hydroxide supply deals as a sign that the group is focusing on adopting high-capacity NCM batteries to boost the driving range of its future EV models.

    Anxiety over the driving range of EVs is often cited as a key hindrance in the mass adoption of electric cars, with many drivers remaining unconvinced that EVs offer enough mileage per charge.

    The Casper Electric, Hyundai’s yet-unveiled sub-compact electric sport utility vehicle (SUV), boasts a maximum driving range of 315 kilometers on a single charge thanks to its NCM battery, whereas the comparable Ray EV by Kia has a range of 205 kms due to its LFP battery.

    The Casper Electric, which will be badged as Inster in Europe, will debut at the Busan International Mobility Show this week.

    The EV3, Kia’s new dedicated EV SUV to be sold starting in July, will also be equipped with an NCM battery instead of an LFP battery. The long-range trim of the EV3, fitted with a high-capacity 81.4 kWh NCM battery, has a driving range of up to 501 kms on a single charge.

    Given its higher price tag, Hyundai Motor Group is seeking to lower its EV customers’ NCM battery cost burden by internalising production.

    This year, the South Korean auto giant began production at its battery plant in Indonesia established jointly with LG Energy Solution. Kia will use the NCM batteries produced at the Indonesia plant in the upcoming EV3 units.

    Song Ho-sung, CEO and president of Kia, last month stressed the importance of ensuring the long driving range of EVs, suggesting that Kia will expand its adoption of NCM batteries.

  • Runwal with Audi Mumbai West launches the second edition of Quattro Drive

    Hyderabad: Runwal, a prominent luxury real estate developers in Mumbai in association with Audi Mumbai West has launched the second edition of Audi Quattro Drive. The event, hosted at one of Runwal’s marquee properties – 25 Hour Life in Thane, will be a first of its kind customer engagement initiative by any real estate developers, a media release states.

    The event will provide a platform for auto enthusiasts for a unique opportunity to go off-roading in various Audi models. The tremendous success of the inaugural launch of Runwal Presents Audi Quattro Drive last year highlights Runwal’s dedication to offering a comprehensive experience of luxury living to their buyers. The brand strives to deliver not just luxurious housing but also a platform for buyers to enjoy luxury in every aspect. The initiative aims to provide an experience that blends luxury and rugged terrain through the off-road test drive of various models of Audi.

    Runwal 25 Hours Life, Thane’s true urban habitat sprawls over 21 acres and 4.5 acres of open space and 50 storeyed towers, offers buyers an ideal location to explore not only the vast land parcel of their upcoming homes, but also enjoy activities like off-roading in the heart of Mumbai. Runwal offers buyers a unique opportunity to view their future homes in the initial phases and appreciate the expansive land, providing a clearer perspective of the project’s extensive scope.

    Commenting on this initiative, Rima Kirtikar, Group Chief Marketing Officer, Runwal said, “At Runwal, our buyers are our top priority. We are dedicated to offering extraordinary experiences to our esteemed customers. Both Audi and Runwal are synonymous with quality and luxury and this event gives us an opportunity to be a part of our customers’ lives while creating unforgettable experiences for them.”

    Hitesh Mulani, Vice President of Audi Mumbai West said “We are thrilled to announce the launch of the Audi Experience X Quattro Drive in collaboration with Runwal. This event not only highlights the dynamic features of our Audi Q range but also provides enthusiasts with a unique opportunity to experience the versatility and robustness of our vehicles in challenging off-road conditions.”

    Runwal plans to introduce more experiential initiatives for their customers, continually aligning with the theme of elevated living.

  • Company’s first electric vehicle spotted testing in India: Video

    Maruti Suzuki’s inaugural electric vehicle (EV), the eVX, has been spotted testing in India, offering a glimpse into what this highly anticipated model will bring to the burgeoning Indian EV market. The eVX, a compact SUV, has been seen on Indian roads with recent spy photos revealing notable design updates and features.

    Key Features and Updates

    Exterior Design

    Alloy Wheels: The latest spy photos highlight a redesign in the eVX’s alloy wheels, shifting from the previously spotted 10-spoke design to a sleeker 5-spoke configuration, likely measuring 16 inches or larger.

    Door Handles: The prototype maintains the unique rear door handles mounted on the C-pillar, a nod to the older Swift model, deviating from the initial concept version’s design.

    Lighting: The eVX will feature advanced lighting, including LED headlights, daytime running lights (DRLs), a full-width LED light bar, and a high-mounted stop lamp. Additional design elements include a rear spoiler and a shark-fin antenna.

    Interior and Features

    Modern Amenities: Inside, the eVX promises a futuristic experience with a large touchscreen infotainment system supporting wireless Android Auto and Apple CarPlay, a digital instrument panel, wireless charging, and ventilated front seats.

    Comfort and Convenience: The vehicle is expected to come with automatic climate control, an electrically adjustable driver’s seat, and an auto-dimming rearview mirror, providing enhanced comfort and convenience.

    Powertrain and Performance

    The eVX is built on a new electric skateboard platform designed to maximize interior space and support a sizeable battery pack. Maruti Suzuki has equipped the eVX with a 60 kWh battery, offering an estimated driving range of up to 550 kilometers on a single charge. This positions the eVX as a formidable contender in the Indian EV market, providing both long-range capability and the practical benefits of a compact SUV.

    Market Entry and Expectations

    Slated for launch next year, the Maruti Suzuki eVX marks the company’s significant leap into the electric vehicle market. The extensive testing and evolving design underscore Maruti Suzuki’s commitment to integrating innovative features while maintaining the practicality and affordability that the brand is known for. With its blend of modern design, advanced technology, and robust performance, the eVX aims to capture a substantial share of the EV market in India.

    As anticipation builds, the eVX’s development reflects Maruti Suzuki’s strategic approach to introducing electric vehicles, catering to the growing demand for sustainable and efficient transportation solutions in India.

  • Our extraction rate of critical materials from Li-ion batteries at over 98 pc, best globally: Attero’s CEO

    New Delhi, June 24: India’s largest end-to-end e-waste management and the world’s leading Li-ion battery recycling company Attero’s co-founder and CEO Nitin Gupta on Monday said that the firm’s extraction rate of critical materials is at over 98 per cent.

    “We utilise a comprehensive mechanical and hydrometallurgical approach to extract pure battery-grade materials such as cobalt, lithium carbonate, graphite, and nickel with an impressive recovery efficiency exceeding 98%This exceptional performance outshines competitors worldwide, who typically attain recovery efficiencies below 75%,” Gupta told IANS during an interaction.

    At Attero, the lithium-ion recycling process serves as a prime example of this transformation, demonstrating a remarkable reduction of up to or more than 97 per cent in greenhouse gas emissions when compared to the extraction of virgin metals,” he added.

    Attero stands out as the sole entity in India and one of the foremost global leaders in conducting complete processing and refinement of black mass. Attero does not engage in exporting or supplying black mass to other companies. Instead, the company focuses on maximising value from the recycling process by refining black mass into battery-grade materials for its clientele.

    Attero boasts the world’s lowest capex for extracting Lithium carbonate, standing at just $3,200 per tonne.

    This figure is notably 40 per cent cheaper than industry standards in the battery recycling sector. In comparison, the minimum capex for a conventional hydro process amounts to $5,500 per tonne, while for a pyro process, it skyrockets to $10,000 per tonne for other competitors. In addition, Attero also has the lowest opex globally and recycles all types of end of life Li-ion batteries.

    The company presently has a lithium-ion battery recycling capacity of 15,000 metric tonnes. It aims to build more recycling plants not only in the country but also around the world.

    Over the next four years, the company aims to achieve a global annual refining capacity of 300,000 metric tonnes of lithium-ion batteries.

    “We have over 45 granted global patents on NASA-approved recycling technologies developed by us in India. These patents are across the US, Europe and Asia, including China, Japan, and India, and many more applied for,” Gupta said.

    Attero’s carbon credit methodology is approved by the United Nations and is based on the fact that the amount of energy involved in Attero’s processes to extract pure copper, pure cobalt, pure lithium carbonate and graphite from the end of life lithium-ion batteries.

    Highlighting the company’s growth, the CEO further said the firm might consider filing an initial public offering (IPO) in the Indian market in the next 18 to 24 months. Gupta said that the company is continuing to scale its business from the present 1,000 crore to 100 per cent year-on-year.

    “Attero today is roughly a 1,000 crore revenue company this year. We are already at a growth road of the annual run rate and profitable cash-flow positive and growing at 100 per cent year-on-year,” he mentioned.

    When asked about the new electric vehicle (EV) policy rolled out by the government to attract more investments in the country, the co-founder said that it is a great policy and it will propel the entire EV sector.

    “The EV sector in the country is already growing and this new policy will be good for the ‘Make in India’ initiative and ensure that India becomes the global hub for EV manufacturing,” he stated.

    Attero’s current operating plant is in Roorkee, Uttarakhand and is in the process of building up another plant in the country for battery recycling at a roughly initial capacity of 10,000 tonnes per annum.

    The company is also in the process of building a plant in Poland and finalising the space for a plant in the US.