Auto Industry News

Volta Inc said on Wednesday that a unit of Shell Plc would take over the electric vehicle (EV) charging network operator in an all-cash deal valued at about $169 million.

Consumption of fuel, a proxy for oil demand, was about 4% higher than the previous month, and rose 3.1% year-on-year to 19.60 million tonnes in December

Northvolt believes in Germany as an industrial location and continues discussions on building a battery plant there, it said on Wednesday amid speculation that the Swedish battery maker could divert its planned investment to the United States.

Suzuki said it is learning EV and other technologies from Toyota with a goal to develop cars that are more in line with its own products.

Bolivia has chosen a consortium including Chinese battery giant CATL to help develop the South American country's huge, but largely untapped, reserves of lithium after a lengthy bidding process involving firms from the United States and Russia.

Several cars, including a Rolls-Royce, BMW and Mercedes-Benz, were taken from the Tate compound on the outskirts of the capital, Bucharest, to be transported to a storage location.

Chipmaker Nvidia Corp and electronics manufacturer Foxconn announced a partnership on Tuesday to develop autonomous vehicle platforms.

In December, Maruti had said it would have to raise prices in January to pass on the impact from high inflation and cost pressures related to regulatory requirements.