Auto Industry News

GM's South Korea unit builds about 600,000 vehicles a year, shipping many to the United States including the popular Chevrolet Trailblazer SUV, and employs about 12,000 people.

Malaysia is home to suppliers and factories serving semiconductor makers such as Europe's STMicroelectronics and Infineon, as well as major carmakers including Toyota Motor Corp and Ford Motor Co.

The startup, whose backers include industrial heavyweights Mitsubishi Electric and Kyocera, demonstrated the bike with a short flight a few metres off the ground at a race track near Mount Fuji.

T3's funding round comes as ride-hailing companies step up efforts to take market share from China's ride-hailing market leader Didi Global Inc.

Micron has pilot manufacturing lines for developing new technologies at its Idaho headquarters and a factory in Virginia that turns out special high-reliability chips for automobiles.

Samsung SDI and Stellantis NV have agreed to jointly produce electric vehicle (EV) batteries for the North American market, a person familiar with the matter said on Tuesday.

Albemarle Corp and other traditional lithium producers say they have studied DLE technologies but feel they will not go mainstream until later this decade, given worries about high energy and water use.

The stalled discussions have meant that Apple has been considering Japanese battery makers and it sent a group of people to Japan this month.