Auto Industry News

Tesla Inc's Shanghai factory is expected to produce 300,000 cars in the first nine months of the year, capped by a delivery rush in the end of the July-September quarter, despite a global semiconductor shortage, two sources said.

India needs to add 2 million barrels per day (bpd) of refining capacity by 2030 to help its economic expansion, even as it takes steps to move to cleaner fuels, said the chairman of Indian Oil Corp (IOC), the country's top refiner.

By combining the benefits of super capacitors and traditional lithium-ion batteries, the new lithium-carbon technology enables a full charge to be delivered in a similar time to refuelling an internal combustion-powered vehicle.

As part of its ambitions to go completely leather-free, Volvo Cars is working actively to find high-quality and sustainable sources for many materials currently used in the wider car industry.

For the project, 30 students from different disciplines at the Academy, were split into five teams to holistically design a seamless mobility experience inspired by the vast American landscape.

The move dovetails with an earlier push to reduce India's reliance on Middle Eastcrudes to enhance energy security.

Sri Lanka has set a target of achieving 70% of all its energy requirements from renewable sources by 2030.

China Evergrande Group's electric vehicle unit has stopped paying its staff and factory suppliers.