Auto Industry News

China Extends NEV Purchase Tax Exemption Worth 100 Billion Yuan
Dec 1, 2022 04:04 AM
China will extend its exemption of new energy vehicles' from purchase taxes to the end of 2023

Aeva Strikes Deal To Sell Industrial Sensors To Germany Automation Firm
Dec 1, 2022 04:04 AM
Aeva Technologies Inc said it has reached a deal with a German firm to sell its sensors for industrial uses such as automating manufacturing lines with machines and self-driving mining trucks.

Italy, Intel Close To $5 Billion Deal For Chip Factory - Sources
Dec 1, 2022 04:00 AM
Italy is close to clinching a deal initially worth $5 billion with Intel to build an advanced semiconductor packaging and assembly plant in the country, two sources briefed on discussions told Reuters.

Baidu Bags China's First Fully Driverless Robotaxi Licenses
Dec 1, 2022 03:12 AM
China search engine giant Baidu Inc said on Monday it has obtained permits to operate fully driverless robotaxi services on open roads from two Chinese cities, the first of their kind in the country.

U.S. House Lawmakers Look To Jump-Start Self-Driving Legislative Push
Dec 1, 2022 03:12 AM
Two members of the U.S. House of Representatives are launching a bipartisan effort to help revive legislative efforts to boost self-driving vehicles.

Oil Costs Spur India To Produce Ethanol From Farm Waste
Dec 1, 2022 03:12 AM
India opened its first factory to produce ethanol from rice straw or stubble on Wednesday as part of measures to reduce its reliance on oil imports and meet its net zero carbon goal.

Sierra Leone Doctors Strike Over Pay, Fuel Allowances
Dec 1, 2022 03:12 AM
Doctors across Sierra Leone began an indefinite strike on Monday to protest low pay and lack of benefits, leaving dozens of patients in hospital waiting rooms in need of care.

Chip Stocks Slip As Taiwan Tensions Mount
Dec 1, 2022 03:11 AM
Semiconductor stocks fell globally as an expected visit by U.S. House of Representatives Speaker Nancy Pelosi to Taiwan fueled a fresh escalation in tensions between Washington and Beijing.

Spiralling Fuel Costs Hit Damascus Drivers
Dec 1, 2022 03:11 AM
Damascus minibus driver Khaled al-Hassi remembers a time when he could fill his tank with cheap fuel to drive passengers across the Syrian capital and take home enough money for food, drink and a comfortable life.

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