Cars

Reuters

Nov 28, 2021, 5:46 PM

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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  Reuters | Nov 28, 2021

  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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  Reuters | Nov 28, 2021

  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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  Reuters | Nov 28, 2021

  GM To Launch 10 EVs In South Korea By 2025, No Local Manufacturing Plans Yet

  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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  Reuters | Nov 27, 2021

  Apple Global Battery Development Chief Moves To Volkswagen

  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.

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  Reuters | Nov 27, 2021

  Nvidia Launches New Products To Plug Cars, Factories Into Its Omniverse

  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.

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  Reuters | Nov 27, 2021

  Lordstown Appoints Chief Commercial Officer, Other Executives In Management Rejig

  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.

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  Reuters | Nov 27, 2021

  Xiaomi To Open Car Plant In Beijing With Annual Output Of 300,000 Vehicles: Report

  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

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  Reuters | Nov 27, 2021

  Taiwan Looking At Chip Cooperation With Eastern European Nations

  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.

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