Auto Industry News

Since merging Fiat Chrysler and Peugeot to create the world's No. 4 carmaker by production, Tavares has mapped out a 30 billion euro ($34 billion) electrification plan that helped Stellantis shares surge more than 60% in their first year.

Sales of EVs in the United States jumped to a record high earlier this month with 434,879 new units on the road, however, demand for their hybrid counterparts remained strong as many customers withdrew from EVs due to higher prices, limited driving range and fewer charging stations than required.

Mobileye said that Volkswagen AG will also start using some of its mapping data products for Volkswagen's driver-assistance features, such as automated lane keeping.

U.S-based InCharge Energy specialises in electric vehicle (EV) commercial charging infrastructure. ABB says the acquisition built on an initial investment and took its stake in the company to approximately 60%.

Great Wall plans to launch 10 new electrified products within three years in Brazil, four of which will be pure electric vehicles and six hybrids.

Stellantis' business performance in China improved markedly in 2021, with its Dongfeng Peugeot Citroen Automobile selling more than 100,000 vehicles.

"I would be shocked if we do not achieve full self-driving safer than human this year. I would be shocked," Elon Musk said.

The partnership with Zeekr will help Waymo expand its driverless ride-hailing service in the face of increased competition, and also create inroads for Chinese brand Geely into the U.S. market.