Auto Industry News
Tesla Climbs As Other EV Makers Hit Brakes After Rally
Investors exchanged $33.8 billion worth of Tesla shares on Wednesday, more than any other company on Wall Street and more than double the turnover of Apple, the second most traded company, according to Refinitiv.
Fisker Unveils Electric SUVs To Beat Tesla Over Driving Range
Nov 21, 2021 07:42 PM
Fisker said the base Ocean Sport model will be priced at $37,499 and achieve a driving range of 250 miles per charge.
Canada's Power Chip Maker GaN Systems Raises $150 Million, Pushes On Electric Car Market
Nov 21, 2021 06:53 PM
BMW 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.
China's WeRide To Launch Robotaxis On GAC's Ontime Ride-Hailing App
Nov 21, 2021 06:35 PM
Automakers and technology firms are investing billions of dollars in autonomous driving, aiming to take an early lead in what many consider the future of mobility.
Delhi Government Urges Vehicle Owners To Get Colour-Coded Stickers For Fuel Identification
Nov 21, 2021 05:25 PM
These chromium-based hologram colour-coded stickers help enforcement personnel visibly identify the fuel type of vehicle during checks on the roads.
GM's Commercial EV Unit To Supply 5,400 More Vans To Merchants Fleet
Nov 21, 2021 03:48 PM
GM has outlined plans to double its revenue by 2030 and become the leader in U.S. electric vehicle sales.
MG Astor Batch 1 Deliveries Could Be Delayed Due To Semiconductor Shortage
Nov 21, 2021 01:00 AM
In a recent development, the Chinese-owned British automaker has said that Astor's batch one deliveries could be delayed because of the semiconductor shortage.
Kejriwal-Led Delhi Government Permits Diesel Vehicles To Be Retrofitted With Electric Kit
Nov 20, 2021 06:17 PM
The Delhi transport department will empanel manufacturers of electric kits for retrofitting conventional internal combustion engines (ICE) to electric ones.
Tesla, Electric SUVs Get Poor Scores From Consumer Reports
Nov 20, 2021 05:30 PM
Vehicles from Tesla Inc and electric sport utilities from rival brands are among the least reliable models sold in the United States, a reflection of the risks of new technology.
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