Auto Industry News

Volkswagen has set up a years-long partnership with U.S. chip maker Qualcomm to develop automated driving technology, with the contract set to run until 2031.

The Biden administration will allocate more than $3 billion in infrastructure funding to finance electric vehicle (EV) battery manufacturing.

Oil prices rose nearly 1.5%, posting a second straight weekly increase as impending European Union sanctions on Russian oil raised the prospect of tighter supply and had traders shrugging off worries about global economic growth.

Musk is expected to become Twitter's temporary CEO.

Atlis Motor Vehicles has become the latest startup in the electric-vehicle space to unveil plans for an initial public offering as the global push towards electrification accelerates.

CH-AUTO Technology Corp Ltd said it had agreed to go public with a U.S. blank-check firm in a deal valued at nearly $1.7 billion.

Ukrainian Finance Minister Serhiy Marchenko called for a complete international embargo on Russian oil and gas over Moscow's invasion of Ukraine.

Nexcharge, a JV between Indian battery maker Exide Industries and Switzerland's Leclanche SA, will scale up production at its lithium-ion battery plant to 100% within four years.