Auto Industry News

Taiwan, home to the world's largest contract chipmaker TSMC as well as several other chip manufacturers, plays an outsized role in providing chips used in everything from cars and smartphones to fighter jets.

Tesla shareholder Richard Tornetta sued Musk and the board in 2018 and hopes to prove that Musk used his dominance over Tesla's board to obtain an outsized compensation package that did not require him to work at the electric car maker full-time.

The factory in the central province of Ha Tinh will annually produce 30 million lithium iron phosphate (LFP) battery cells, the company said in a statement.

It was at the third time this month that activists from the group Ultima Generazione (Last Generation) have targeted art exhibitions.

The Indian rupee was little changed as the benefit from a plunge in oil prices was countered by continued corporate demand for the dollar.

Ecuadorean state oil company Petroecuador said five people were injured in a fire caused by a leak in a pipeline that carries gas to a refinery in the South American country's Amazon region.

Investors are currently building a lithium hydroxide plant with 60,000 tonnes capacity in the heart of the nickel industry in Morowali

The reported move comes a day after Faraday Future appointed Xuefeng Chen as global chief executive officer