Auto Industry News
Toyota Eyes Cost Cuts, Scale With First Of EV-Only bZ Series
The model would also initially be built on a mixed line with gasoline-engine cars, both in Japan and China. It will be sold in Japan, North America, China and Europe starting in mid-2022.
Taiwanese Battery Maker ProLogium Likely Valued At $2-$3 Billion In New Funding Round
Oct 29, 2021 07:13 PM
The company plans to use the capital to expand its mass production of solid-state lithium batteries in Asia, Europe and the United States between 2023 and 2025.
Panasonic Raises Profit Outlook 12% On Share Valuation Gain
Oct 29, 2021 06:44 PM
Panasonic raised its profit forecast for the year to March 31 to 370 billion yen ($3.25 billion) from 330 billion yen.
Volvo Cars Hopes Downsized IPO Can Rev Up Investors' Electric Dreams
Oct 29, 2021 06:32 PM
The listing comes at a time when investor appetite for the electric vehicle (EV) sector is robust, with Elon Musk's Tesla seeing its market value cross $1 trillion for the first time this week.
STMicro Expects High Chip Demand To Extend Well Into 2022
Oct 29, 2021 06:17 PM
STMicroelectronics expects high demand for the group's wide range of semiconductors to extend well into 2022.
Planning To Buy A Used Toyota Etios? Pros And Cons
Oct 29, 2021 06:17 PM
You'll be able to land one in the pre-owned market for Rs. 5.5 lakh and this one will be in good shape
Japan's Factory Output Hit By Supply Snags As Outlook Darkens
Oct 29, 2021 06:02 PM
Seven out of eight Japanese automakers are seeing global output drop in September, as the global parts and chip shortage weighed on the sector.
Bosch To Invest More Than 400 Million Euro In Chip Production
Oct 29, 2021 05:51 PM
The largest part of Bosch's budget will be spent on a faster expansion of its Dresden, Germany factory for 300-millimeter wafers, which the group inaugurated in June.
Chinese Electric Vehicle Maker BYD's Third-Quarter Profit Drops 27.5%
Oct 29, 2021 05:21 PM
The Shenzhen-based car company sold 452,744 vehicles in the first nine months this year, 63% higher from a year earlier, thanks to popular plug-in hybrid vehicles.
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