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Einride had agreed to raise capital of $500 million from debt, equity and the conversion of earlier loans, speeding up the company's ability to pursue new markets and customers.

Toyota launched its second hybrid car in India, a seven-seat people-carrier, as part of a broader strategy to double-down on the sale of electrified vehicles in emerging markets.

A senior Japanese lawmaker said that Taiwan Semiconductor Manufacturing Co is considering building a second plant in Japan.

Tesla will run production for 17 days in January between Jan. 3 to Jan. 19 and will stop electric vehicle output from Jan. 20 to Jan. 31 for an extended break for Chinese New Year

The launch is part of a non-exclusive 10-year agreement between both the companies for driverless vehicles, with a rollout in Los Angeles expected to follow.

Tesla's Shanghai plant is grappling with elevated inventory levels amid slowing demand in China's auto market.

Investment in the Hungarian auto industry is being dominated by three countries - Germany, a champion carmaker, plus China and South Korea, EV battery leaders way ahead of European rivals.

The lawmakers were critical of the Federal Communications Commission (FCC), which in 2020 shifted much of a key spectrum block set aside for auto safety to accommodate the burgeoning number of wireless devices.