Cars News
Geely Unit Lotus Tech Aims To Raise Up To $500 Million In Funds: CFO
The company will launch its first product - an electric sports utility vehicle - in the first quarter of next year and aims to have three models within the next five years.
BlackRock Joins EV Charging Venture Ionity In $788 Million Funding Round
Mar 31, 2022 05:37 AM
The investment will enable Ionity to more than quadruple the number of high-power 350 kilowatt charging points to 7,000 by 2025,
Tesla Details $1 Billion Costs For New Texas Factory, Targets Year-End Completion
Mar 31, 2022 05:33 AM
The company said it plans to complete construction of its general assembly, paint, casting, stamping and body shop facilities by Dec. 31.
Taiwan Looking At Chip Cooperation With Eastern European Nations
Mar 31, 2022 05:28 AM
Taiwan, home to companies such as Taiwan Semiconductor Manufacturing Co Ltd (TSMC), has become front and centre of efforts to resolve a shortage of chips that has shut some auto production lines around the world and whose impact is now being felt in consumer electronics too.
Xiaomi To Open Car Plant In Beijing With Annual Output Of 300,000 Vehicles: Report
Mar 31, 2022 05:26 AM
The plant will be constructed in two phases and Xiaomi will also built its auto unit's headquarters, sales and research offices in the Beijing Economic and Technological Development Zone
Lordstown Appoints Chief Commercial Officer, Other Executives In Management Rejig
Mar 31, 2022 05:04 AM
The company said Chief Operating Officer Jane Ritson-Parsons will also take on the newly created role of Chief Commercial Officer to build Lordstown's commercial strategy for its vehicles.
Nvidia Launches New Products To Plug Cars, Factories Into Its Omniverse
Mar 31, 2022 04:53 AM
Nvidia is looking to capitalize on the intense competition among automakers to develop vehicles that can drive themselves and deliver sophisticated entertainment and information to the humans on board.
Apple Global Battery Development Chief Moves To Volkswagen
Mar 31, 2022 04:48 AM
This is the second time in recent months that an Apple executive has left for an automaker. Apple lost its head of car project, Doug Field, to Ford Motor in September.
GM To Launch 10 EVs In South Korea By 2025, No Local Manufacturing Plans Yet
Mar 31, 2022 04:13 AM
GM's South Korea unit builds about 600,000 vehicles a year, shipping many to the United States including the popular Chevrolet Trailblazer SUV, and employs about 12,000 people.
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