Auto Industry News

The battery plant, Vietnam's first EV battery project is located in central province of Ha Tinh, on a 8-hectare (20 acre) plot.

The automated system allows the driver to focus on other activities while a car equipped with the technology is in heavy traffic or on congested highways, Mercedes-Benz said in a statement.

The venture aims to supply cathode materials to Volkswagen's European battery cell factories, which it plans to build by 2030.

VW Group of America Chief Executive Scott Keogh is optimistic the industry can maintain those profits without returning to past bad practices.

The two firms are testing 20 robotaxi vehicles in Shanghai's Jiading district to further gauge their viability for commercial use in a trial that will expand to a second Chinese city next year.

Volkswagen said tight chip supply would continue to pose challenges to Europe's largest carmaker during at least the first half of 2022.

The agreements with MP Materials Inc and privately-held Vacuumschmelze are the latest push by GM to domestically source EV materials for its Ultium platform, a goal it hopes to achieve by 2025.

Minda Industries and FRIWO AG have entered into a joint venture agreement to manufacture and supply various electric vehicle components in the Indian subcontinent. The JV plans to incur a capex of around Rs. 390 crore over the next 6 years.