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Qualcomm CEO Open To Working With Foundry Partners In Europe
This week, Qualcomm announced a deal with France's Renault, which followed an agreement with General Motors earlier this year.
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Volkswagen Open To Software Partnerships, CEO Tells Der Spiegel
Volkswagen has bundled all its software efforts into one unit, Cariad, hoping to challenge Tesla and Alphabet in a field in which it has not traditionally been active.
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Toyota Cuts Production Target By 3% On Parts And Chips Shortages
Adding to a 360,000 vehicle cut in worldwide production in September, Toyota said on Friday it will reduce output by a further 70,000 this month and by 330,000 in October. It hopes to make up some of that lost production before its year-end.
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Oxbotica To Develop Multi-Purpose Self-Driving Vehicle With AppliedEV
The first deployments of the self-driving electric vehicles (EVs) will be in industrial logistics and automated goods delivery.
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Hyundai To Offer Hydrogen Fuel Cell Versions Of All Commercial Vehicles By 2028
Industry-wide, some 10,000-15,000 fuel cell vehicles are produced globally a year compared to 4-5 million electric vehicles, Hyundai said.
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Toyota To Spend Over $13.5 Billion To Develop EV Batteries And Supply Systems By 2030
Toyota said it aims to slash the cost of its batteries by 30 per cent or more by working on the materials used and the way the cells are structured.
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Tiny Chips Cast Big Shadow Over Munich Car Show
The IAA Mobility show in Munich is the first major motor industry event worldwide since the global coronavirus pandemic.
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Piaggio, KTM, Honda And Yamaha Set Up Swappable Batteries Consortium
The Swappable Batteries Motorcycle Consortium (SBMC) aims to broaden the use of light electric vehicles, such as scooters, mopeds and motorcycles, and support a more sustainable management of their batteries, a joint statement said.
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Qualcomm Says It Will Supply Chip For New Renault Electric Vehicle
Qualcomm said that Renault's Megane E-TECH Electric will use its chips to power the vehicle's infotainment system using software from Alphabet Inc's Google
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German Decision On Tesla Subsidies Expected By End Of Year
Tesla plans to invest 5 billion euros in its battery cell factory at Gruenheide near Berlin to complement its nearly finished electric car factory at the same location.
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Oil Slips As Weak U.S. Jobs Report Gives 'Reality Check'
Non-farm payrolls missed expectations with an increase of 235,000 jobs amid a softening in demand for services and persistent worker shortages as COVID-19 infections soared.
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Didi Denies Reports That Beijing City Is Coordinating Companies To Invest In It
Beijing-based Didi faces a cybersecurity investigation by Chinese authorities after its New York initial public offering in June.
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China Set To Sell 1.7 million NEVs Between Jan-Aug, Nearly Tripling On-Year
NEV makers such as Nio Inc, BYD and Tesla Inc are expanding manufacturing capacity in China, encouraged by the government's promotion of greener vehicles to cut pollution.
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India Revamps Incentives For Autos To Boost EVs, Hydrogen Fuel Cells: Report
The move to clean technologies comes as Tesla Inc is gearing up to enter India and is lobbying for lower import duties on electric cars.
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Yandex Takes More Control Of Russian Venture With Uber In $1 Billion Deal
Yandex said it will also extend its licence for the exclusive rights to use the Uber brand in Russia and several other countries until August 2030, assuming the exercise of the option.
Read More →Indian Auto Parts Makers' Shares Gain On Report Of Talks With Tesla
Tesla is holding early talks with some companies for the supply of components such as instrument panels, windshields, differential gears, brakes and power seats, the Economic Times reported on Sunday.
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Fintech Firm Ideanomics To Buy VIA Motors For Nearly $630 Million
Utah-based VIA Motors is eligible for potential earnout consideration of up to $180 million, that would be paid in Ideanomics' stock, according to the statement.
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Ferrari Boss Has No Fears Over Electric Future
The European Union last month proposed an effective ban on the sale of new petrol and diesel cars from 2035 as part of its measures to combat global warming, posing a challenge to automakers that have made powerful engines a key selling point.
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Oil Falls In Biggest Weekly Decline In Months On Demand Worries
For the week, global benchmark Brent shed more than 6%, its largest week of losses in four months, and U.S. West Texas Intermediate (WTI) tumbled nearly 7% in its biggest weekly decline in nine months.
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China Auto Sales Tumble For A Third Straight Month In July
For the first seven months of the year, China's vehicle sales have jumped 19% as the market recovered from pandemic lows.
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