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Monroe Capital’s managed fund is focused on helping small- and medium-sized auto producers transition to electric automobile production. To higher compete in the EV market, the automakers plan to jointly develop lithium iron phosphate battery cathode material manufacturing technology in South Korea. About 1.four million EVs were bought in the US final year, up from 1 million the earlier year. In 2023, greater than 6 per cent of latest automotive sales involved electric automobiles. Called BMW TechWorks India, the three method partnership will develop automotive software program …
