Auto Industry News

IEA Says Oil Market Walking Tightrope Due To Economic, Supply Risks
The global oil market is "walking a tightrope" between scarce supply and the possibility of a recession, the International Energy Agency (IEA) said, with higher prices and worsening economic conditions already taking a toll on demand.

S.Korea's LG Energy Solution To Supply Batteries To India's Mahindra -Report
Jul 30, 2022 02:32 AM
South Korean battery maker LG Energy Solution is set to supply batteries to Mahindra & Mahindra's first electric sports utility vehicle (SUV).

Amazon-Owned Self Driving Firm Zoox Seeks To Test Robotaxi In California
Jul 30, 2022 02:07 AM
Zoox, a self-driving technology firm owned by Amazon.com Inc, said it was gearing up to launch its robotaxi business, self-certifying that its vehicle with no pedals or steering wheel meets U.S. federal regulations and applying for a permit in California to test-drive it.

Planning To Buy A Used Nissan Terrano? Here Are Some Pros And Cons
Jul 30, 2022 02:00 AM
Planning to buy a used Nissan Terrano? Well, you can get one Rs. 4 lakh to Rs. 7 lakh depending on the model year and its condition. However, before you start looking for one, here are some pros and cons you must consider first.

Tiny Bolivian Automaker Bets It Can Tap World's Largest Lithium Deposits
Jul 30, 2022 01:47 AM
A Bolivian startup is betting on the Andean nation's unlikely push to mine the world's largest lithium deposits, building tiny electric cars that it hopes can be adopted throughout Latin America with locally made batteries.

Reliance, Ola Electric, Rajesh Exports Agree To Build Batteries In India
Jul 30, 2022 01:38 AM
Reliance Industries, Softbank Group-backed Ola Electric and Indian jewellery maker Rajesh Exports signed final agreements to build battery cells under a $2.3 billion government incentive program.

S.Korea's LGES Plans New EV Battery Plant In Europe
Jul 30, 2022 01:34 AM
Tesla supplier LG Energy Solution Ltd (LGES) said it was looking at sites in Europe for a new battery plant and would ramp up production in Asia outside of China, where COVID lockdowns and rising costs were weighing on profits.

Taiwan Chipmaker UMC Sees Further Growth For Sector Into 2023
Jul 30, 2022 01:29 AM
Taiwanese chipmaker United Microelectronics Corp (UMC) said it sees continued growth for the industry into next year, even as soaring inflation and recession fears cool demand for consumer electronics.

Analysis: Why Spotify's 'Car Thing' Was Destined For The Hardware Graveyard
Jul 30, 2022 01:19 AM
Spotify Technology SA's Car Thing player is now a thing of the past.

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