Auto Industry

car&bike Team

Mar 31, 2022, 5:40 AM

Geely Unit Lotus Tech Aims To Raise Up To $500 Million In Funds: CFO

The company will launch its first product - an electric sports utility vehicle - in the first quarter of next year and aims to have three models within the next five years.

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  car&bike Team | Mar 31, 2022

  Swiss Set To Drop Criminal Probe Of VW Emissions Scandal

  The Office of the Attorney General said it had informed the German carmaker and its Swiss dealership arm this month "that it considers the investigation to be complete and intends to drop the case," it said in a statement.

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  car&bike Team | Mar 31, 2022

  BlackRock Joins EV Charging Venture Ionity In $788 Million Funding Round

  The investment will enable Ionity to more than quadruple the number of high-power 350 kilowatt charging points to 7,000 by 2025,

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  car&bike Team | Mar 31, 2022

  Yara Debuts World's First Autonomous Electric Container Ship

  It will cut 1,000 tonnes of carbon emissions per year, equivalent to 40,000 diesel-powered journeys by road, and is expected to be fully autonomous in two years.

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  car&bike Team | Mar 31, 2022

  Tesla Details $1 Billion Costs For New Texas Factory, Targets Year-End Completion

  The company said it plans to complete construction of its general assembly, paint, casting, stamping and body shop facilities by Dec. 31.

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  car&bike Team | Mar 31, 2022

  Audi-FAW Electric Vehicle Venture In China Delayed

  Audi signed a memorandum of understanding with China's state-owned FAW Group in October 2020 to jointly produce premium electric vehicles (EVs) in China.

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  car&bike Team | Mar 31, 2022

  Taiwan Looking At Chip Cooperation With Eastern European Nations

  Taiwan, home to companies such as Taiwan Semiconductor Manufacturing Co Ltd (TSMC), has become front and centre of efforts to resolve a shortage of chips that has shut some auto production lines around the world and whose impact is now being felt in consumer electronics too.

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  car&bike Team | Mar 31, 2022

  Phoenix Motors Becomes Latest EV Maker Looking To Tap Public Markets

  The company also disclosed its finances for the first time in its filing, revealing a fall in revenue and wider losses for the nine months ended September 2021.

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  car&bike Team | Mar 31, 2022

  Xiaomi To Open Car Plant In Beijing With Annual Output Of 300,000 Vehicles: Report

  The plant will be constructed in two phases and Xiaomi will also built its auto unit's headquarters, sales and research offices in the Beijing Economic and Technological Development Zone

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