The joint venture is to be set up this year, with the deal's closing subject to regulatory approval.

While the venture hasn’t been finalized just yet, the sale of the New Company's first model is expected to start in 2025.

Two Virtual Power Purchase Agreements (VPPAs) will secure 320 megawatts (MW) of wind and solar power totaling over 1 million megawatt-hours (MWh) of ...