Technology

Reuters

Mar 4, 2023, 4:59 PM

Renault, Geely Ink Pact With Aramco For Engine Venture

Oil giant Aramco has agreed to take a minority stake in a new powertrain engine company to be set-up jointly by Renault SA and China's Geely Automobile Holdings Ltd.

0 Min

• 
  Reuters | Mar 4, 2023

  Ford Launches Automated Driving Unit Latitude AI Months After Winding Down Argo

  The Dearborn, Michigan-based automaker added it hired about 550 employees who previously worked at Argo AI for its new subsidiary.

  0 mins read
• 
  Reuters | Mar 4, 2023

  Mercedes-Benz Begins Building Battery Recycling Factory In Southern Germany

  The pilot plant will have an annual capacity of 2500 tonnes and will contribute to the production of more than 50,000 battery modules for new electric Mercedes-Benz vehicles.

  0 mins read
• 
  Reuters | Feb 28, 2023

  China's CATL Offers EV Battery Discounts In China - Report

  Battery costs are the most expensive component in electric vehicles (EV) and a move toward lower prices by CATL, which had 37% of the global market last year, would ease a major cost pressure on automakers.

  0 mins read
• 
  Reuters | Feb 28, 2023

  Lithium Miner Sigma Jumps On Report Tesla Considering Buyout

  Sigma is finishing construction of a hard rock lithium mine in Brazil that will produce spodumene concentrate, which can be used to make lithium hydroxide, a type of metal preferred by some automakers including Tesla and BMW.

  0 mins read
• 
  Reuters | Feb 24, 2023

  EV Maker Nio To Build 1,000 Battery-Swap Stations In China In 2023

  Nio will build 400 battery-swapping stations along highways and 600 in urban areas with a focus on the country's third- and fourth-tier cities and counties

  0 mins read
• 
  Reuters | Feb 24, 2023

  EV Battery Maker ONE Raises $300 Million, Now Valued At $1.2 Billion

  The latest round, led by investors Franklin Templeton and Fifth Wall, makes Our Next Energy one of the most valuable privately held battery companies in the United States.

  0 mins read
• 
  Reuters | Feb 24, 2023

  Investors Go Back To Basics With Simpler Self-Driving Vehicles

  British AV software company Oxbotica, Sweden's Einride, America's Outrider and British supplier Aurrigo International Plc are among a number of companies drawing investor interest with more focused approaches, aimed at smaller, simpler customer segments - from mining vehicles to tractors or forklifts.

  0 mins read
• 
  Jaiveer Mehra | Feb 23, 2023

  New Mercedes-Benz E-Class Interior Debuts With New MBUX Superscreen

  The next-gen E-class gets a cabin design inspired by the EQE with a seamless glass panel spanning the centre console and co-driver side of the dashboard.

  2 mins read