Technology News

It is clear, there is a tacit admission that electrification is the future, both for Stellantis which has a decent portfolio on the PSA side of things

LG Chem Ltd and its wholly-owned battery subsidiary LG Energy Solution (LGES) plan to invest a combined 15.1 trillion won ($13.17 billion) in South Korea this decade, LGES said on Thursday.

The market leader in the EV battery space is CATL which supplies to the Tesla gigafactory in China.

Road-Side Assistance (RSA) service provider Auto i Care today announced its foray into car repair space with the launch of an aggregator platform. The upgraded platform will offer customers access to a network of franchised and non-franchised car repair and service workshops from across the country.

Volkswagen probably wants to reduce its capital expenditure on Electrify America considering its gargantuan investments in the EV space.

The South Korean major has a big ambitions towards turning into an EV brand. It has launched a new brand called IONIQ for the same.

Ferrari is hoping this simulator plays a key role in the development of the 2022 car giving it an advantage over the competition.

While there is still no timeline for these updates, the new Tesla Model S Plaid has launched with a new user interface which Musk calls "mind of car".