DG Innovate Plc (DGI.L)

DGI partners with EVAge Motors to manufacture world-class electric motor in India

CAERPHILLY, Wales, May 08, 2024--DG Innovate (LSE: DGI), the advanced R&D company developing pioneering solutions in sustainable mobility and energy storage, has entered into an MoU to establish a transformative joint venture ("JV") with EVage Motors ("EVage"), the fastest-growing electric truck company in India. The planned JV will allow DGI to pursue a faster, lower-cost route to high-precision manufacturing in India, materially growing its market share in the critical Asian market and giving