Auto Industry News

Self-driving tech company Pony.ai has obtained a taxi license in China, which will allow some of its driverless vehicles to start charging fares. The company said it was the first autonomous driving company in the country to do so

Hyundai Motor India will bring the 2022 World Car of the Year - the all-electric Hyundai IONIQ 5 to India in the second half of this year

Bhavish Aggarwal, Co-Founder and CEO of Ola Electric said that the company has been testing an autonomous vehicle for nearly six months now and the car will be launched in the global markets by late 2023 or early 2024.

The company aims to use debt as a new expansion funnel along with the current leasing strategy, as it plans to deploy 1.5 lakh electric scooters in India by 2025.

Twitter Inc kicked off deal negotiations with Elon Musk on Sunday after he wooed many of the social media company's shareholders with financing details on his $43 billion acquisition offer

BYD's partner in Nepal, Cimex Inc., has signed an agreement with Self Drive Nepal, for 50 units of all-electric MPV, the BYD e6. The vehicles will be used by Self Drive for emission-free rental fleet operation in Nepal.

The White House held a classified briefing with some U.S. lawmakers on the dire risks to the American economy from semiconductor supply chain issues as it pushes Congress for $52 billion in funding to subsidize production

OPEC cut its forecast for growth in world oil demand in 2022 citing the impact of Russia's invasion of Ukraine, rising inflation as crude prices soar and the resurgence of the Omicron coronavirus variant in China.