Cars

Reuters

Mar 31, 2022, 2:04 AM

Hyundai Motor Aims To Develop Chips, Cut Reliance On Chipmakers

A global shortage of semiconductors, triggered partly by surging demand for laptops and other electronic products during the pandemic, has shuttered some auto production lines globally this year. Hyundai temporarily suspended some factories.

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  car&bike Team | Mar 31, 2022

  Uber Introduces Revamped Shared Rides Offer In The U.S

  Passengers booking a shared ride can now earn additional discounts in Uber credit, not cash, if another rider joins their trip.

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  car&bike Team | Mar 31, 2022

  NXP Forecasts Sales Growth Driven By Connected Vehicles

  NXP Chief Executive Kurt Sievers said the company intended to focus on key areas where more chips are going into cars and where NXP believes it can hold a market position at least twice that of any competitor.

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  car&bike Team | Mar 31, 2022

  Foxconn Finalizes $50 Million Stock Deal With Lordstown Motors

  Foxconn has bought stock worth $50 million from the U.S. electric vehicle maker, finalizing an equity investment announced in September.

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  car&bike Team | Mar 31, 2022

  Battery Swap Startup Ample Hits Unicorn Status With New Funding Round

  The latest funding comes on the heels of a $160 million round in August that boosted the companys valuation to $890 million, according to investor website PitchBook.

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  car&bike Team | Mar 31, 2022

  Hertz In Talks With Tesla For EV Delivery Timeline

  Tesla boss Elon Musk took to Twitter on Monday to say that his company had not signed a contract with Hertz, spurring a brief halt in Tesla's stock rally.

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  car&bike Team | Mar 31, 2022

  EV Maker Bedeo Acquires Protean From Evergrande's Auto Unit

  Bedeo is buying Protean from National Electric Vehicle Sweden, a unit of Evergrande New Energy Vehicle Group.a

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  car&bike Team | Mar 31, 2022

  Startup Italvolt Signs Deal With Engie's Equans In Italy Battery Facility Plan

  Italvolt has pledged to invest 3.4 billion euros ($3.9 billion) to build a battery production facility in Scarmagno, near Turin, to meet growing demand for lithium-ion batteries from Europe's automotive industry.

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  car&bike Team | Mar 31, 2022

  Australia Bumps Up Investment In EV Chargers, Shuns Sales Targets

  The additional investment, which adds to an existing A$72 million commitment and will be spent by the end of June 2025, will also aid purchases of electric cars and buses for government and business fleets.

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