Auto Industry News

Reliance Industries, Softbank Group-backed Ola Electric and Indian jewellery maker Rajesh Exports signed final agreements to build battery cells under a $2.3 billion government incentive program.

Tesla supplier LG Energy Solution Ltd (LGES) said it was looking at sites in Europe for a new battery plant and would ramp up production in Asia outside of China, where COVID lockdowns and rising costs were weighing on profits.

Taiwanese chipmaker United Microelectronics Corp (UMC) said it sees continued growth for the industry into next year, even as soaring inflation and recession fears cool demand for consumer electronics.

Spotify Technology SA's Car Thing player is now a thing of the past.

The U.S. Senate voted 64-32 to advance legislation to dramatically boost U.S. semiconductor manufacturing in a bid to make the domestic industry more competitive with China.

Russia said it will cut gas supplies to Europe in a blow to countries that have backed Ukraine.

The Kia Seltos has been in the market for around three years now and if you were to look for a pre-owned one, you will find enough options in the used car space. Here are some pros and cons you need to consider first.

The "Chips and Science" act provides about $52 billion in government subsidies for U.S. semiconductor production and an investment tax credit for chip plants estimated to be worth $24 billion.