ELECTRIC EFFECT

■ TPG, ADQ will hold 11 to 15%

■ Funds will be used for EVS, dedicated battery electric vehicle platforms, charging infra and battery technologies

■ Over the next 5 years, the company will create a portfolio of 10 EVS

■ According to consulting firm Alixpartners, EV sales may jump to about a quarter of total global vehicle sales by 2030 from about 2% now