Auto Industry News

The proposal, known as the European Chips Act, will aim to adapt state aid rules, improve tools to anticipate shortages and crisis and strengthen research capacity in the bloc.

Vedanta plans to create a $10 billion fund to bid for assets including the Indian government's stake in Bharat Petroleum Corp Ltd (BPCL).

The partnership will create a battery chemistry model to simulate the structure and energy of lithium oxide, to help improve the performance, costs, and safety of lithium batteries, IonQ said.

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

Held back by the chip shortages, auto output in Mexico fell by 2% in 2021 from the previous year, the fourth consecutive annual decline.

Lyriq, an all-electric mid-size SUV, was unveiled by GM in August 2020 in a move to transform its traditional combustion engine lineup to an electric one.

China has in recent years heavily promoted NEVs as part of its efforts to curb air pollution and has seen sales surge.

China expects to meet charging demand for more than 20 million electric vehicles by the end of 2025.