Auto Industry News

Nikola's trucks fitted with Proterra's batteries are expected to be produced in the fourth quarter of 2022 with prototypes systems being delivered to the truck maker in the second quarter, the company said.

The delay in delivery is primarily due to the ongoing semiconductor crisis which has disrupted production of automobiles across the globe.

Maharashtra state on Wednesday urged the federal government to lower tax rates on imported cars in the budget on Feb. 1, following calls by electric carmakers like Tesla

The proposal, known as the European Chips Act, will aim to adapt state aid rules, improve tools to anticipate shortages and crisis and strengthen research capacity in the bloc.

Vedanta plans to create a $10 billion fund to bid for assets including the Indian government's stake in Bharat Petroleum Corp Ltd (BPCL).

The partnership will create a battery chemistry model to simulate the structure and energy of lithium oxide, to help improve the performance, costs, and safety of lithium batteries, IonQ said.

China encourages key domestic enterprises to increase investment and promote better supply capacity of the entire chip industry chain.

Held back by the chip shortages, auto output in Mexico fell by 2% in 2021 from the previous year, the fourth consecutive annual decline.