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Panasonic Picks Kansas For Tesla EV Battery Plant, State Puts Investment At $4 billion
Japan's Panasonic Energy Co, a major Tesla Inc supplier, said on Wednesday it had selected Kansas as the site for a new battery plant that state officials said would create up to 4,000 jobs with investment of up to $4 billion.
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U.S. And Japanese Insurers Back Autonomous Vehicle Firm May Mobility
The funding will allow May Mobility to continue work with Toyota Motor Corp on self-driving people movers, May Mobility said in a statement. May said it is aiming to take human drivers out of vehicles in commercial operation by next year.
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Apple Eyes Fuel Purchases From Dashboard As It Revs Up Car Software
A new feature quietly unveiled at Apple's developer conference this month will allow CarPlay users to tap an app to navigate to a pump and buy gas straight from a screen in the car, skipping the usual process of inserting or tapping a credit card.
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iPhone Maker Foxconn Builds EV Partnership With NXP Semiconductors
Foxconn, best known for assembling Apple's iPhone, has expanded into areas including electric vehicles (EVs) and semiconductors in recent years, announcing deals with U.S. startup Fisker Inc and Indian conglomerate Vedanta Ltd.
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Mahindra Open To Investing In EV Battery Cell Maker To Secure Supplies - CEO
India's Mahindra & Mahindra could consider investing in a battery-cell company to meet future electrification needs, its CEO said, after the company raised funds for its new electric vehicle (EV) unit at a $9.1 billion valuation.
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China's BYD To Start Selling Electric Vehicles In Japan Next Year
BYD held a brand conference in Tokyo and announced plans to start selling a small all-electric battery car called the ATTO 3 at the start of next year, followed by two additional EV models later in 2023.
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Redwood Materials Plans To Spend $3.5 Billion On Making EV Battery Essentials
The auto industry has been ramping up production of electric vehicles (EV) to meet a demand surge, driving up orders for batteries and raw materials such as lithium, cobalt, etc.
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How China Became Ground Zero For The Auto Chip Shortage
Pang has bought 62,000 microcontrollers, chips that help control a range of functions from car engines and transmissions to electric vehicle power systems and charging, which cost the original buyer $23.80 each in Germany.
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Germany To Reduce Electric Car Subsidies In 2023
Under the plan, premiums for fully electric-powered vehicles priced below 40,000 euros will fall to 4,500 euros at the beginning of next year from 6,000 euros currently, and fall to 3,000 euros in the following year.
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Tesla Plays 'Whack-A-Mole' With Snags As Deliveries Fall For First Time In Two Years
Tesla Inc faces a series of hurdles ranging from production snags to rising inflation that may hit profits, Wall Street analysts said on Tuesday, as the electric-car maker reported a fall in deliveries for the first time in two years.
Read More →Fans Take BYD To Task As Recall Confusion Clouds Chinese EV Maker's Image
Customers of China's BYD Co Ltd, the world's biggest electric vehicle (EVs) maker by sales, have taken the unusual step of urging regulators to expand a battery replacement recall to safeguard the reputation of a national champion.
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Tesla Braces For Earnings Hit, But EV Delivery Outlook Is Key
Tesla navigated supply-chain challenges better than rivals early in the pandemic, and Deutsche Bank analyst Emmanuel Rosner said high prices and cost-cutting could help Tesla pleasantly surprise investors.
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Analysis-'Unknowns' Delay Tesla's Ramp-up Of Its Own Cutting-Edge Batteries
Tesla said on Wednesday it would rely on suppliers to meet battery demand this year, as the necessity of learning new technologies is holding back its plan to boost production of its own batteries.
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U.S. Energy Department Set To Loan GM Battery Joint Venture $2.5 billion
The U.S. Energy Department on Monday announced it intends to loan a joint venture of General Motors Co and LG Energy Solution $2.5 billion to help finance construction of new lithium-ion battery cell manufacturing facilities.
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Volkswagen To Develop New Semiconductor With STMicro Amid Chip Crunch
It is Volkswagen's first direct relationship with second and third-rank semiconductor suppliers, a move executives have hinted at since the chip shortage hit the auto industry in late 2019.
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Herbert Diess, Volkswagen's Disruptor-In-Chief, Runs Out Of Road
Diess will leave Volkswagen on Sept. 1, three years before his contract was supposed to end, with many of the goals he set as the German auto giant's disruptor-in-chief unfinished and uncertain.
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U.S. Opens New Safety Probes Into Stellantis, GM, Ford Vehicles
The National Highway Traffic Safety Administration (NHTSA) is opening a probe into 1.34 million 2014-2020 model year Jeep Cherokee vehicles because water leaks can cause the electronic parking brake to inadvertently activate and stop the vehicle while in motion.
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Maruti Suzuki Feels Squeeze As Costs Hit India's Top Carmaker
Maruti increased prices six times from January 2021 to June 2022, while cutting back on discounts as demand rebounded from pandemic lows.
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Texas Instruments Forecasts Upbeat Current-Quarter Earnings On Strong Chip Demand
Chipmaker Texas Instruments Inc forecast current-quarter revenue largely above expectations, betting on sustained demand from industrial and automotive customers and improvements in supply-chain bottlenecks
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Germany To Reduce Electric Car Subsidies In 2023
Sources suggest that the incentives, or premiums, paid to buyers of electric cars will expire completely once an allocated sum of 3.4 billion euros ($3.44 billion) from the next two years' budget is spent
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