Auto Industry
Charanpreet Singh
Dec 25, 2021, 10:12 PM
The company aims to enhance its annual production capacity in phases from the existing 1 lakh battery packs to 7 lakh by end of FY24 to meet the growing demand in the EV industry and other energy storage applications.
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Reuters | Dec 25, 2021Chinese Autonomous Driving Startup Raises $157 Million From Hillhouse, MeituanHaomo will use the funds raised from investors to build its talent pool and enhance its R&D capability, the company said in a statement on Wednesday.1 min read
Reuters | Dec 25, 2021Micron Results Beat Forecasts, Sees Chip Shortages Easing In 2022Micron said data center revenue grew 70% and that automotive revenue grew 25%, with the automotive growth coming from the increasing amount of memory required in cars with advanced driver safety systems.1 min read
Reuters | Dec 25, 2021Musk Says Tesla's Cybertruck Will Have Four-Motor VariantCalling the electric pick-up truck "insane technology bandwagon," Musk said the Cybertruck would have both front and rear-wheel steer that would "not just (turn) like a tank - it can drive diagonally like a crab."1 min read
Reuters | Dec 25, 2021BP Buys EV Charging Provider AMPLY In Green Energy PushBP aims to double earnings from its global convenience and mobility businesses by 2030 and grow its global network of EV charging points by over six-fold to 70,000 during the same period.1 min read
Reuters | Dec 25, 2021Intel CEO Aims To Build Chip Plants With Money Raised From Mobileye IPOChief Executive Pat Gelsinger said the IPO will allow Mobileye to grow more easily as global carmakers spend billions of dollars to accelerate their transition to electric and self-driving vehicles.1 min read
Reuters | Dec 25, 2021Ford Caps F-150 Lightning Orders At 200,000: CEO FarleyFarley said F-150 Lightning orders were capped at 200,000: "We had to stop taking reservations because we had so many."1 min read
Reuters | Dec 25, 2021Russian Start-Up Aims To Bring Mobile EV Superchargers To LondonPrivately-owned L-charge raised $1.5 million in September and is seeking a partner to help it increase production to 2,000 mobile and stationary devices annually.1 min read
Reuters | Dec 25, 2021Dutch Digital Mapmaker TomTom Says It Will Extend Volkswagen PartnershipUnder the deal, the terms of which were not disclosed, TomTom's technology will be integrated into Volkswagen cars' user interface.1 min read
