Auto Industry

Reuters

Feb 27, 2023, 5:44 PM

BorgWarner Sees EV Business To Grow At Least 72 Per Cent In 2023

BorgWarner in December announced plans to spin-off its fuel systems and aftermarket units to focus solely on air management and e-propulsion & drivetrain units.

0 Min

• 
  Reuters | Feb 27, 2023

  Lucid Joins Tesla-Led EV Price War With Discounts On Some Air Models

  The battle has made it much more difficult for money-losing U.S. startups such as Rivian Automotive Inc and Lucid to grab market share at a time when high borrowing costs and inflation have pinched consumer wallets.

  0 mins read
• 
  Reuters | Feb 27, 2023

  GM Inks Deal With GlobalFoundries To Secure U.S.-Made Chips

  GlobalFoundries said the agreement for at least three years was the first of its kind and establishes a dedicated capacity exclusively for GM's key chip suppliers at their upstate New York fabrication facility.

  0 mins read
• 
  Reuters | Feb 27, 2023

  U.S. Set To Loan Redwood Materials $2 Billion For EV materials Plant

  Energy Secretary Jennifer Granholm said that, if finalized, the loan will help the project create critical materials for electric vehicle batteries.

  0 mins read
• 
  Reuters | Feb 27, 2023

  In China, Tesla Could Win Electric Vehicle Price Battle - But Lose The War

  Most immediately, Tesla's January price cuts drove deliveries of its China-made vehicles up 18% from December. Tesla's thick profit margins have put it in a position to take a price war to competitors in China and beyond, analysts say.

  0 mins read
• 
  Reuters | Feb 27, 2023

  India's January Wholesale Passenger Vehicle Volume Up On Consumer Sentiment - SIAM

  Sales of the now-popular and mostly pricier UVs grew around 28% and continued to outnumber that of passenger cars - which include entry-level cars and sedans - in January, according to SIAM data.

  0 mins read
• 
  Reuters | Feb 27, 2023

  Biden praises Musk plan to open Tesla's charging network, says it is a 'big deal'

  U.S. President Joe Biden praised the plan by Tesla Inc Chief Executive Elon Musk to open part of its electric vehicle charging network, saying the move is a "big deal" and will "make a big difference."

  0 mins read
• 
  Reuters | Feb 27, 2023

  Tesla CEO Musk Signals Part 3 Of Master Plan Is Ready

  Before Tesla put out its first production car, Musk set expectations for three: a sports car, a cheaper four-door family car and an even more affordable third model.

  0 mins read
• 
  Reuters | Feb 27, 2023

  New Biden EV Charger Rules Stress Made In America, Force Tesla Changes

  The White House hopes the new rules, issued after nearly eight months of debate, will jump-start the biggest transformation of the U.S. driving landscape in generations. It seeks to give consumers unfettered access to a growing coast-to-coast network of EV charging stations, including Tesla Inc's Superchargers.

  0 mins read