Auto Industry News

Unveiled by Panasonic in October, the 4680 format (46 millimetres wide and 80 millimetres tall) battery is around five times bigger than those currently supplied to Tesla.

Jidu, an electric vehicle venture between China's tech giant Baidu and Chinese automaker Geely, would make EVs that are of the autonomous Level-four, which needs no human intervention.

BEVs have grown in popularity globally, but some consumers have been put off by EV battery-related fire risks and rapid degradation. General Motors and Hyundai Motor were forced last year to recall EVs, carrying batteries manufactured by LG Energy Solution, after reports of fires.

Governments and investors want car manufacturers to speed up the transition to electric vehicles, but the costs are "beyond the limits" of what the auto industry can sustain, said Chief Executive Carlos Tavares.

The US government owns more than 650,000 vehicles and purchases about 50,000 annually. Biden's executive order said that light-duty vehicles acquired by the government will be emission-free by 2027.

The agency said the decision to open the investigation was based on reports "Tesla's gameplay functionality is visible from the driver's seat and can be enabled while driving the vehicle."

Nissan plans to build new battery recycling factories in the United States and Europe by the end of fiscal 2025.

Ford announced plans to stop production in India in September, as it did not see a path to profitability there. The carmaker expected to wind down operations at its vehicle and engine manufacturing unit in Tamil Nadu by 2022.