Shulou(Shulou.com)11/24 Report--

CTOnews.com, August 31, 2008. At the first half of 2023 earnings call of Zero Auto on Friday, Zero management said that there was no specific comment on the rumor that "Volkswagen intends to buy a certain generation of platform technology to help the electrified transformation of its Jetta brand." Zero has potential opportunities for foreign technical cooperation, and actively build and seek cooperation opportunities.

Today, Reuters quoted sources as saying that India's Iron and Steel Energy JSW Group is in early talks with zero-running cars to obtain a technical license to build electric cars in India.

CTOnews.com Note: founded in 1982, Kindler Southwest Steel Co., Ltd. is one of the largest steel companies in India, with an annual production capacity of more than 18 million tons and a leader in steel, power, mining, oil, gas and infrastructure in India, with operations in more than 140 countries.

The source said. This is the company's second attempt to enter the field (it tried to enter the electric car market in 2016). Under the technology license agreement, JSW will use a zero-run technology platform to produce electric vehicles under its own brand name in India.

A source said that JSW may use a single platform and can produce at least three medium-sized SUV. He added that Zero will design cars for the Indian company. However, these sources did not say when production might start.

It is worth mentioning that the group has been in talks with China's SAIC to buy a stake in MG Motor India, but the talks have slowed down.

In fact, India's electric car market is still small, accounting for less than 2 per cent of Tata Motors's sales last fiscal year, but the government hopes to increase its electric vehicle penetration to 30 per cent by 2030.

"JSW wants to sell cars under its own brand, and they need technology more than investment or joint ventures with existing carmakers," one of the people said, adding that the company had held talks with several other Chinese carmakers.

All sources declined to be named as negotiations are ongoing and no final decision has been made, while JSW and Zero declined to comment.

In addition, there are Indian media reports that JSW is in talks with Chinese companies on technology and the acquisition of Ford Motor Company's plant in southern India. The plant is said to have withdrawn from the market and stopped production in 2022.

It is worth mentioning that Tesla is also targeting the growing Indian market and is already in talks with the Indian government after it was revealed that Tesla wanted to set up a factory in India to produce affordable electric cars. In addition, the Indian government is formulating a new policy that plans to attract investment from electric car manufacturers by lowering import tariffs to support the development of local manufacturing.

According to foreign media reports, Zero is still in cooperation negotiations with other car companies, including Stellantis and Volkswagen.

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