About Reuters
Articles of Reuters
Chip Shortage Pushes China Auto Sales Down 12.4% In June
China's overall sales stood at 2.02 million vehicles in June, according to data from the China Association of Automobile Manufacturers (CAAM). The country sold 12.89 million vehicles between January and June, up 25.6% from year-ago levels.
Read More →
EV Maker Nio To Have 4,000 Battery Swapping Stations Globally In 2025
The company, which makes premium electric cars, aims to have 700 battery swapping stations by the end of this year.
Read More →
GM Says China Sales Rise By 5.2% In Second Quarter
The U.S. automaker said sales of its Cadillac XT6 three-row large luxury SUV grew 42% to about 10,000 vehicles.
Read More →
BMW Pays 373 Million Euro Fine To Settle EU Emissions Probe
BMW said it had paid a 373 million euro ($441 million) fine over collusion on setting standards for the Adblue additive used in diesel cars, but other charges related to emissions technology were dropped.
Read More →
Unveiling Its Last Petrol Car, Lotus Sets Off In Pursuit Of Porsche
Lotus and its Chinese owner Geely want to transform what is now a tiny company making some 1,500 sports cars a year into an electric powerhouse
Read More →
Renault-Nissan India Plant Complying With COVID-19 Rules: Report
A court in Chennai ordered safety checks at the Renault-Nissan plant, which employs more than 8,000 people, after workers petitioned it, saying they felt unsafe.
Read More →
Nissan Bets On UK 'Renaissance' With Battery Plant And New Vehicle
Nissan cast its backing for the 9 gigawatt-hour (GWh) plant as illustrative of a rejuvenation of Britain's automotive industry, which has for five years grappled with the fear that Brexit could cut off the rest of the European market.
Read More →
New Recycling Techniques Set To Make Electric Vehicles Greener
The techniques, which involve retrieving parts of the battery so they can be reused, would help the auto industry tackle criticism that even though EVs reduce emissions over their lifetime, they start out with a heavy carbon footprint of mined materials.
Read More →
MKS Instruments To Buy Atotech For $5.1 Billion To Expand Chipmaking Offerings
The deal comes at a time the chip industry has been dealing with a global shortage of semiconductors that has shuttered some auto production lines and its impact has been felt in other areas, including consumer electronics.
Read More →
Shell Plans To Exit California Joint Venture With Exxon Mobil
Shell has notified Exxon of its plans to exit the venture, the people said, speaking on the condition of anonymity as the talks are private. A Shell spokesperson declined to comment, citing company policy.
Read More →
U.S. Quarterly Auto Sales Jump On Strong SUV Demand, Shift To EVs
Higher vehicle prices have boosted profitability for automakers, who have also increased investments in EV production.
Read More →
SK Innovation May List Battery Business, Echoing Rival LG Chem
The move, announced by SK Innovation CEO Kim Jun on Thursday, comes as demand for electric vehicles (EVs) surges and carmakers partner with battery makers to ensure uninterrupted supplies.
Read More →
BMW Boosts Corporate Venture Investment Pool To $900 Million
BMW i Ventures, based in Mountain View, California, will manage the fund, as well as continuing to disburse money from its initial 500-million-euro fund. The two funds bring BMW's total venture investment pool to nearly $900 million, one of the largest in the global auto industry.
Read More →
Daimler Truck Expects Gradual Ramp-Up Of Electric Trucks Due To Cost
Parity in total cost of ownership of Daimler's electric trucks to its conventional ones will be reached by 2025, depending on energy prices and subsidies, Wallfeld said.
Read More →
Ford Quarterly U.S. Auto Sales Rise On Strong SUV, EV Demand
The company posted a 117 per cent rise in U.S. electric and hybrid vehicle sales for June. Ford-branded SUV sales rose 37 per cent in June while its Lincoln SUV sales increased 23.3 per cent.
Read More →
Didi Says It Stores All China User And Roads Data In China
Didi, which offers services in China and more than 15 international markets, gathers vast amounts of real-time mobility data every day. It uses some of the data for autonomous driving technologies and traffic analysis.
Read More →
EU Extends Investigation Into Samsung's EV Battery Plant In Hungary
Samsung SDI, an affiliate of South Korean tech giant Samsung Electronics Co Ltd, began production at the Hungarian plant in 2018, making batteries for 50,000 EVs a year.
Read More →
China's Automaker Great Wall Aims To Sell 4 Million Cars In 2025
Great Wall, which sold 1.1 million cars last year, aims for 80 per cent of its annual sales in 2025 to be new energy vehicles, including battery-electric, plug-in hybrid and hydrogen fuel cell vehicles.
Read More →
Toyota-Backed Self-Driving Startup Pony.ai Considers Going Public
The startup, active in the United States and China, plans to install its technology in hundreds of vehicles next year, rising to tens of thousands in 2024-2025.
Read More →
Oil Settles Up Near 3-Year Highs On Signs Of Demand Growth
Data from Germany showed the largest upward leap in retail conditions since German reunification more than three decades ago, stoking expectations European fuel demand will recover.
Read More →
