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China's Industry Ministry Expects Tight Chip Supply For Relatively Long Period
China encourages key domestic enterprises to increase investment and promote better supply capacity of the entire chip industry chain.
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Mitsubishi Says Chip Shortage May Continue To Hit Mexican Output In H1: Report
Held back by the chip shortages, auto output in Mexico fell by 2% in 2021 from the previous year, the fourth consecutive annual decline.
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China State Planner Says To Gradually Remove Curbs On NEV purchases
China has in recent years heavily promoted NEVs as part of its efforts to curb air pollution and has seen sales surge.
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China Expects To Meet Charging Demand Of 20 Million-Plus EVs By End Of 2025
China expects to meet charging demand for more than 20 million electric vehicles by the end of 2025.
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Geely, Renault Formally Agree On Cooperation In South Korea
The new vehicles, based on Geely's compact vehicle architecture as well as its hybrid powertrain and other technologies, will be produced at the Renault-Samsung facility in Busan with production forecast to begin in 2024.
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Toyota Needs To Build 1 Million Cars In March To Reach Annual Target
Toyota has been trying to increase production in the final months of the business year to make up for output lost earlier because of a shortage of components from plants in Southeast Asia hit by COVID-19 lockdown restrictions.
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Renault Relatively Confident For 2022 Despite Some Chip Supply Worries
Renault is "relatively confident" about its business year but still sees some problems over chips supplies which it expects to be felt mostly in the first half of 2022, said CEO Luca de Meo.
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Spring Free EV, Cox Partner To Supply Used EVs To Small Businesses
Fintech startup Spring Free EV and Cox Automotive have partnered to provide used electric vehicles to smaller businesses through a new subscription program.
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Lack Of Chips To Further Hit UK Car Market In 2022: Report
The global semiconductor chip shortage will continue to hurt British car sales throughout this year and into 2023 after making a serious dent in vehicle supply in 2021.
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GM's Electric Commercial Vehicle Unit Signs Deals With Walmart, FedEx
BrightDrop has signed a new deal to supply EVs to retail giant Walmart Inc and expanded its supply agreement with delivery firm FedEx Corp.
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All Change Please? GILLIG Finds Tech Partner For Self-Driving Buses
RR.AI and GILLIG said they would jointly develop Level 4 autonomous vehicle technology for buses, which would allow a vehicle to drive itself under certain circumstances.
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Tesla Raises Full Self Driving Software Price To $12,000 In U.S., Musk Says
The 20% price rise comes less than two years since Tesla raised Full Self-Driving (FSD) prices to $10,000 from $8,000 in 2020.
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Reliance, Ola Electric, Mahindra Bid For Incentives Under India's $2.4 Billion Battery Scheme
India wants to establish a total of 50 gigawatt hours (Gwh) of battery storage capacity over five years, which it expects will attract direct investment of about $6 billion.
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China's Annual Auto Sales Climb For First Time Since 2017
Overall sales in the world's biggest car market rose 3.8% year-on-year, after monthly sales of 2.79 million vehicles in December brought total sales for 2021 to 26.28 million
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General Motors Taps Three Qualcomm Chips To Power Its Ultra Cruise Feature
The Qualcomm chips will provide the computing power for the all-electric Celestiq, the company's planned flagship sedan.
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GM Challenges Carvana With CarBravo Online Used Car Marketplace
GM's CarBravo site will aggregate vehicles owned by Chevrolet, Buick and GMC dealers, as well as cars and trucks that GM Financial controls after taking them back from rental car agencies or vehicle leases.
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VW Sales Hit 10-Year Low In 2021, BMW Races Ahead
The Volkswagen brand saw an 8.1 per cent drop in sales to just under 4.9 million units, with the biggest fall in China at 14.8 per cent, although battery-electric vehicle sales in the country quadrupled.
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UK's Crown Estate, Volta Trucks To Run Electric Truck Trial In London
The trial will be run by the Crown Estate's distribution provider Clipper Logistics and involve a prototype Volta Zero, a 16-tonne electric truck that is due to go into production by the end of 2022 at a former truck plant in Austria.
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Indian Electric Van Maker For Amazon Raises Funds
Indian start-up EVage has raised $28 million from U.S.-based venture capital firm RedBlue Capital, the company said on Friday.
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LG Energy Solution Raises $10.8 Billion In South Korea's Biggest IPO
The pricing values LGES at 70.2 trillion won, making it South Korea's third most-valuable company after Samsung Electronics Co Ltd and SK Hynix Inc.
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