Auto Industry
Reuters
Dec 26, 2021, 11:16 PM
Northvolt will build a lithium processing plant with Portugal's Galp Energia with investments estimated at around 700 million euros ($789.6 million), as demand grows for lithium-ion batteries to power electric vehicles.
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Reuters | Dec 26, 2021U.S. Commerce Chief: Funding For Semiconductor Production Could Slip To 2022U.S. Commerce Secretary Gina Raimondo on Tuesday said efforts in Congress to approve $52 billion to expand U.S. semiconductor manufacturing could slip into 2022.1 min read
Reuters | Dec 26, 2021Self-Driving Startup Robotics Research Raises $228 Million In FundingThe fundraising round also included an investment from Luminar Technologies, which makes lidar sensors used in self-driving cars.1 min read
Reuters | Dec 26, 2021Toyota To Build New $1.3 Billion Battery Plant In North CarolinaThe new plant, at a site in Liberty that will begin production in 2025, will initially be capable of supplying lithium-ion batteries for 800,000 vehicles annually, and will "pave the way" for Toyota's U.S. production of electric vehicles.1 min read
Reuters | Dec 26, 2021GM's Cruise Disputes San Francisco Concerns On Stops, Says 'Double Parking' LegalThe San Francisco Municipal Transportation Agency (SFMTA) last week challenged Cruise's application for a permit to deploy robotaxis in San Francisco on the grounds that it was illegally "double parking" during testing, creating safety and traffic concerns.1 min read
Reuters | Dec 26, 2021Nissan To Build New Battery Recycling Factories In U.S., Europe By 2025Nissan plans to build new battery recycling factories in the United States and Europe by the end of fiscal 2025.1 min read
Reuters | Dec 26, 2021Indian Ride Hailing Firm Ola Raises $500 Million LoanThe proposed loan issuance got a staggering response from investors with interest and commitment of about $1.5 billion, the Bengaluru-based company said.1 min read
Reuters | Dec 26, 2021GM, Google, Others Join Retreat From CES Over Rising COVID-19 CasesGeneral Motors, Alphabet Inc.'s Google and its self-driving auto-technology company Waymo joined the companies no longer attending the Consumer Electronics Show (CES) in person early next month due to rising COVID-19 infections.1 min read
Reuters | Dec 26, 2021U.S. Opens Investigation Into 580,000 Tesla Vehicles Over Game FeatureThe agency said the decision to open the investigation was based on reports "Tesla's gameplay functionality is visible from the driver's seat and can be enabled while driving the vehicle."1 min read
