Auto Industry News

Log9 and Nashik-based EV manufacturer Jitendra New EV Tech have joined hands to introduce new electric scooters that can be fully charged in just 15 minutes.

The partnership between BASF and Svolt is focused on development of cathode active materials as well as raw materials supply and the recycling of battery cells from SVolt, the companies said without disclosing financial details.

Luo Junjie, a spokesperson from the Ministry of Industry and Information Technology, said that they expect the chips shortage that has impacted the automotive sector will ease in the fourth quarter of this year.

An increasing number of investors and aviation companies have piled into the hot but yet-to-be-approved urban air mobility space and the number of eVTOL startups has proliferated.

The global shortage of semiconductors has hit the auto industry hard, with millions of vehicles worldwide not being produced because important parts are missing.

The shortage of chips, used in everything from brake sensors to power steering to entertainment systems, has led automakers around the world to curtail or even suspend production, pushing up the prices of vehicles.

Tesla Inc and foreign automakers do not have unions representing assembly workers in the United States and many have fought efforts to organize U.S. plants.

The NFI said Tesla encrypts its coded driving data to keep its technology secure from other manufacturers and protect driver privacy.