Auto Industry News
Nikola To Buy Battery Supplier Romeo Power For $144 Million
Nikola Corp has agreed to buy battery supplier Romeo Power Inc for about $144 million in stock, the electric truck maker said on Monday, in a move that will help jumpstart its efforts to make battery packs.
India Shares End At Three-Month High Riding On Auto Rally
Dec 1, 2022 01:32 AM
Indian shares kicked off August on a positive note, with benchmark indexes hitting a three-month high led by a rally in automobile stocks on the back of robust monthly sales data.
Factbox-Automakers Accelerate Drive To Secure Battery Raw Materials
Dec 1, 2022 01:32 AM
Rising demand for EV around the world is encouraging automakers such as Tesla, Volkswagen and Stellantis NV to step up efforts to secure raw materials needed for making batteries.
China's CATL To Develop New Battery Materials To Improve Energy Density - Report
Dec 1, 2022 01:32 AM
CATL is working on new battery materials that can improve energy density by 10% to 20% compared to iron phosphate batteries.
Tata Motors Falls As Core Earnings Fail To Impress
Dec 1, 2022 12:59 AM
Tata Motors posted a narrowed net loss for the July-September quarter and said its earnings before interest, taxes, depreciation, and amortisation (EBITDA) rose 53% year-over-year.
Mercedes F1 Team Evaluating FTX Sponsorship, Branding Stays For Now
Dec 1, 2022 12:57 AM
FTX, one of the world's largest crypto exchanges, has been buffeted by a rush of customer withdrawals and is scrambling to raise about $9.4 billion from investors
Cummins, Tata Motors Team Up For Hydrogen-Powered Engines
Dec 1, 2022 12:55 AM
Several automakers, including Tata Motors, are aggressively shifting towards greener forms of energy for their vehicles
Paris Considers Electric Scooter Ban Over Safety Concerns
Dec 1, 2022 12:53 AM
The Paris town council is considering not renewing the licences of the three operators - Lime, Dott and Tier - which expire in February 2023.
Taiwan President Decries 'Rumours' About The Island's Chip Investment Risk
Dec 1, 2022 12:49 AM
Taiwan, home to the world's largest contract chipmaker TSMC as well as several other chip manufacturers, plays an outsized role in providing chips used in everything from cars and smartphones to fighter jets.
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