Malaysian state oil firm Petronas said it would contest any claims on its assets by the heirs of a former Southeast Asian sultan, who are seeking $15 billion in compensation.
The EV investment figure, which has not previously been published, dwarfs previous investment estimates by Reuters and is more than twice the most recent calculation published just a year ago.
The U.S. Department of Justice launched the previously undisclosed probe last year following more than a dozen crashes, some of them fatal, involving Tesla's driver assistance system Autopilot, which was activated during the accidents, the people said.
While EVs will of course take the lead in achieving bigger market share in the green energy vehicle segment, Flex fuel and hydrogen powered vehicles too will contribute considerably in achieving this feat.
The Super SUV segment has a new member in the form of the Ferrari Purosangue, and it takes the fight straight to Lamborghini Urus and the Aston Martin DBX.
Suzuki Motor Corporation's new Lithium battery plant coming up in Gujarat and Vedanta along with Foxconn setting up a 1000-acre semiconductor plant in the same state is expected to widen the scope in the auto component industry.
Taiwanese battery maker ProLogium Technology Co has shortlisted four European countries - France, Germany, Poland and the United Kingdom - for an $8 billion solid-state lithium battery plant, consulting firm Accuracy said.
Mercedes-Benz has officially launched its first electric vehicle in India, the new EQC electric SUV, priced at Rs. 99.30 lakh (on-road). While the SUV comes to India as a completely built unit (CBU) model, the company might look into local production for its future electric vehicles if there is enough demand.
Mercedes-Benz has finally launched its first-even electric SUV - the EQC in India, at in introductory price of Rs. 99.30 lakh (on-road, India) for the first 50 customers.
Hyundai Motor Co will voluntarily recall its Kona electric vehicles as a possible short circuit due to faulty manufacturing of its high-voltage battery cells could pose a fire risk, South Korea's transport ministry said on Thursday.
Tesla Inc Chief Executive Elon Musk said on Wednesday the company will produce Model Y with a new structural battery design and technology at its Berlin factory next year and that could result in a "significant production risk".
Both the Mercedes-Benz GLE and GLS have been highly popular in the Indian car market, so much so that the company is currently facing a shortfall in supply, mainly because of the challenges caused by the second wave of the COVID-19 pandemic.
Mahindra appoints Pratap Bose as the Executive Vice President and Chief Design Officer to lead its newly formed Global Design organisation. Bose will head both the India Design Studio as well as the upcoming global design centre in the UK.
The extraordinary growth in sales is primarily attributed to a low base last year. Lockdown was imposed even this year in some of the key states of India but it was a partial lockdown and sales were happening to an extent in areas and states where there were no such restrictions.
Norway should begin taxing high-end battery-powered cars to lower the overall cost of its generous electric vehicle (EV) incentives, economists at the International Monetary Fund (IMF) said in a working paper.
The Delhi traffic police have revised the maximum speed limit for different vehicles that ply on the roads of the nation's capital city. The government has also announced a heavy fine for violating the speed limit.
The test comes as trucking companies are scrambling to find drivers, and experimenting with automated driving technology as a way to eventually reduce the need for human operators.
Italy aims to spur total investments of more than one billion euros ($1.22 billion) to build an electric car battery factory with car maker Stellantis expected to play a leading role.
Home-grown automaker Tata Motors has announced rolling out the 2,00,000th Nexon subcompact SUV from its Ranjangaon facility, near Pune, Maharashtra. The company claims that it was able to achieve this production milestone while adhering to Covid 19 safety protocols and hygiene norms.
