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Geely Unit Lotus Tech Aims To Raise Up To $500 Million In Funds: CFO
The company will launch its first product - an electric sports utility vehicle - in the first quarter of next year and aims to have three models within the next five years.
Swiss Set To Drop Criminal Probe Of VW Emissions Scandal
The Office of the Attorney General said it had informed the German carmaker and its Swiss dealership arm this month "that it considers the investigation to be complete and intends to drop the case," it said in a statement.
BlackRock Joins EV Charging Venture Ionity In $788 Million Funding Round
The investment will enable Ionity to more than quadruple the number of high-power 350 kilowatt charging points to 7,000 by 2025,
Yara Debuts World's First Autonomous Electric Container Ship
It will cut 1,000 tonnes of carbon emissions per year, equivalent to 40,000 diesel-powered journeys by road, and is expected to be fully autonomous in two years.
Tesla Details $1 Billion Costs For New Texas Factory, Targets Year-End Completion
The company said it plans to complete construction of its general assembly, paint, casting, stamping and body shop facilities by Dec. 31.
Audi-FAW Electric Vehicle Venture In China Delayed
Audi signed a memorandum of understanding with China's state-owned FAW Group in October 2020 to jointly produce premium electric vehicles (EVs) in China.
Taiwan Looking At Chip Cooperation With Eastern European Nations
Taiwan, home to companies such as Taiwan Semiconductor Manufacturing Co Ltd (TSMC), has become front and centre of efforts to resolve a shortage of chips that has shut some auto production lines around the world and whose impact is now being felt in consumer electronics too.
Phoenix Motors Becomes Latest EV Maker Looking To Tap Public Markets
The company also disclosed its finances for the first time in its filing, revealing a fall in revenue and wider losses for the nine months ended September 2021.
Xiaomi To Open Car Plant In Beijing With Annual Output Of 300,000 Vehicles: Report
The plant will be constructed in two phases and Xiaomi will also built its auto unit's headquarters, sales and research offices in the Beijing Economic and Technological Development Zone
Samsung To Supply New Advanced Auto Chip To Volkswagen
The chips, developed by Samsung's logic chip design business System LSI, include a chip enabling 5G-based telecommunications for downloading high-definition video content during transit, and a power management chip for stable electricity supply.
China Beefs Up Rights Of Workers In Ride-Hailing Industry
In a statement, the transport ministry said ride-hailing companies should improve income distribution mechanisms and provide social insurance for drivers.
Bosses Of Tata, HSBC, Macquarie Urge Governments To Do More For Green Transition
The leaders of Indian conglomerate Tata Sons, HSBC Holdings and Australia's Macquarie Group urged governments to get more involved in the green transition by providing incentives to develop new technology and help bring down costs.
China's Sinopec Completes Successful Trial Of Crude To Olefin Technology
Following the trial at Sinopec subsidiary plant in Tianjin, the refiner will follow up with building a one million tonne per year crude-to-olefin plant, it said, without giving further details.
Sinopec Signs China's Largest Long-Term LNG Contract With U.S. Firm
The deal is the largest LNG long-term contract signed between Chinese and U.S. companies, Venture Global said in a statement.
TuSimple, UPS Mapping New Self-Driving Routes In Southern U.S. States
Self-driving truck technology company TuSimple Holdings Inc said on Wednesday it is mapping new freight lanes with UPS from Arizona to Florida and has hit significant fuel savings for the package delivery company at highway speeds.
Lordstown Appoints Chief Commercial Officer, Other Executives In Management Rejig
The company said Chief Operating Officer Jane Ritson-Parsons will also take on the newly created role of Chief Commercial Officer to build Lordstown's commercial strategy for its vehicles.
UK's Connected Kerb Targets 190,000 On-Street EV Chargers By 2030
Connected Kerb uses long-term contracts spanning 15 to 25 years, financed by large infrastructure banks and groups like infrastructure investor Equitix.
Volvo Cars Sees Chip Shortage Extending Into 2022, Q3 Profit Dips
Volvo said preliminary sales volumes were around 52,000 cars in November, down year-on-year due to lower production and a build-up of in-transit inventory.
Infineon CEO Says Chip Supply To Remain Tight In 2022
Speaking at the Handelsblatt Automotive Summit, Chief Executive Reinhard Ploss said that vehicle production and chip supply could be balanced by the third quarter.
German Parties Agree On 2030 Coal Phase-Out In Coalition Talks: Report
Climate policy is one of the closest-watched areas for the new government as Europe's biggest economy shifts towards carbon neutrality.
