Auto Industry News

Honda Motor Co. had signed a joint development agreement for lithium-metal batteries with Boston-based EV battery company SES Holdings Pte Ltd.

China encourages key domestic enterprises to increase investment and promote better supply capacity of the entire chip industry chain.

Fintech startup Spring Free EV and Cox Automotive have partnered to provide used electric vehicles to smaller businesses through a new subscription program.

GM's CarBravo site will aggregate vehicles owned by Chevrolet, Buick and GMC dealers, as well as cars and trucks that GM Financial controls after taking them back from rental car agencies or vehicle leases.

The move, which sent dogecoin prices 14% higher, comes a month after Musk said Tesla would test out the digital token as a payment option.

Ford's stock jumped more than 11% to its highest level since 2001 after the Detroit automaker said it will nearly double production capacity for its red-hot F-150 Lightning electric pickup to 150,000 vehicles.

Smaller charging stations will now be eligible for three-year tax benefits, an extra incentive on top of a five-year corporate income tax exemption available to investments in charging stations with at least 40 chargers.

Subaru has not decided whether to recall the cars and it would likely take 2-1/2 months before shipment is resumed.