Auto Industry
Reuters
Mar 31, 2022, 2:04 AM
A global shortage of semiconductors, triggered partly by surging demand for laptops and other electronic products during the pandemic, has shuttered some auto production lines globally this year. Hyundai temporarily suspended some factories.
1 Min
car&bike Team | Mar 31, 2022Canada's Power Chip Maker GaN Systems Raises $150 Million, Pushes On Electric Car MarketBMW and Toyota Motor Corp have been investors in GaN Systems for several years, and Witham said GaN recently signed its first "capacity agreement" with BMW to guarantee delivery of power chips worth over a quarter of a billion dollars.1 min read
car&bike Team | Mar 31, 2022Waymo Offers Driverless Rides To Employees In San Francisco, Expands In PhoenixWaymo did not elaborate on when or whether it plans to charge customers for rides in San Francisco. It has applied for a regulatory permit to do so.1 min read
car&bike Team | Mar 31, 2022NXP Forecasts Sales Growth Driven By Connected VehiclesNXP Chief Executive Kurt Sievers said the company intended to focus on key areas where more chips are going into cars and where NXP believes it can hold a market position at least twice that of any competitor.1 min read
car&bike Team | Mar 31, 2022Foxconn Finalizes $50 Million Stock Deal With Lordstown MotorsFoxconn has bought stock worth $50 million from the U.S. electric vehicle maker, finalizing an equity investment announced in September.1 min read
car&bike Team | Mar 31, 2022Battery Swap Startup Ample Hits Unicorn Status With New Funding RoundThe latest funding comes on the heels of a $160 million round in August that boosted the companys valuation to $890 million, according to investor website PitchBook.1 min read
car&bike Team | Mar 31, 2022Hertz In Talks With Tesla For EV Delivery TimelineTesla boss Elon Musk took to Twitter on Monday to say that his company had not signed a contract with Hertz, spurring a brief halt in Tesla's stock rally.1 min read
car&bike Team | Mar 31, 2022EV Maker Bedeo Acquires Protean From Evergrande's Auto UnitBedeo is buying Protean from National Electric Vehicle Sweden, a unit of Evergrande New Energy Vehicle Group.a1 min read
car&bike Team | Mar 31, 2022Startup Italvolt Signs Deal With Engie's Equans In Italy Battery Facility PlanItalvolt has pledged to invest 3.4 billion euros ($3.9 billion) to build a battery production facility in Scarmagno, near Turin, to meet growing demand for lithium-ion batteries from Europe's automotive industry.1 min read
