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Author Articles
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.
First Cobalt Aims To Create Specialist EV Battery Materials Facility In North America
First Cobalt aims to create North America's first specialist facility for producing electric vehicle battery materials such as cathode chemicals.
Auto Executives Expect EVs Will Own Half Of U.S., China Markets By 2030: Report
The KPMG survey of auto industry executives found that they believe that electric vehicles will account for 52% of sales by 2030 in the United States, China and Japan, with lower percentages for Western Europe, Brazil and India.
Nvidia Launches New Products To Plug Cars, Factories Into Its Omniverse
Nvidia is looking to capitalize on the intense competition among automakers to develop vehicles that can drive themselves and deliver sophisticated entertainment and information to the humans on board.
Apple Global Battery Development Chief Moves To Volkswagen
This is the second time in recent months that an Apple executive has left for an automaker. Apple lost its head of car project, Doug Field, to Ford Motor in September.
Canoo Advances Manufacturing Dates For Electric Vehicles
The company now plans to expand to include Arkansas and other locations in Oklahoma, for research and development, software development, customer support and finance centers.
Goldman Sachs Says Global Oil Reserves Release 'A Drop In The Ocean'
Brent crude prices have also priced in an additional hit to global oil demand of 1.5 million barrels per day for the next three months from the impact of COVID-19 in Europe and China, Goldman said.
