Cars News
German Mobility Startup Vay Raises $95 Million
Vay raised $95 million from investors such as Kinnevik, Coatue and Eurazeo, as it planned to launch its first car-rental service in Hamburg next year.
Robotaxi Race Opens Up As Top Contender Waymo In Low gear In Arizona
Mar 1, 2022 01:04 AM
Companies including Ford Motor Co's Argo AI and General Motors Co's Cruise are competing for the billions of dollars in financing needed to automate driving through artificial intelligence software and expensive sensors.
Nissan Expects Chip, Parts Crunch To Extend Until At Least Mid-2022
Mar 1, 2022 01:01 AM
Nissan expects global supply chain constraints and the sector-wide semiconductor shortage to continue until at least the middle of 2022.
Tesla Faces Investor Lawsuit Over Musk Tweets On 10% Stock Sales
Mar 1, 2022 12:59 AM
Tesla investor David Wagner called for access to internal documents to investigate whether Tesla and Musk violated an agreement with the U.S. securities regulator and its board members failed to adhere to their fiduciary duties.
Albemarle Joins Newly Formed Lithium Industry Body
Mar 1, 2022 12:57 AM
Albemarle, the world's largest producer of lithium for electric vehicles, is the latest to join ILiA after mining giants including Rio Tinto and BASF.
Toyota Suspends Factory Operations In Japan After Suspected Cyber Attack
Mar 1, 2022 12:51 AM
No information was immediately available about who was behind the possible attack or the motive. The attack comes just after Japan joined Western allies in clamping down on Russia after it invaded Ukraine, although it was not clear if the attack was at all related.
Toyota To Produce Record 11 Million Cars In Fiscal 2022 If Chip Supply Stable
Mar 1, 2022 12:15 AM
Hitting that production target would depend on a stable supply of chips
Baidu's Electric Vehicle Arm Jidu Raises $400 Million In New Funding Round
Mar 1, 2022 12:12 AM
There were no external investors participating in the round. The company did not provide any details on its valuation.
Panasonic To Invest $700 Million To Produce Tesla EV Battery -Nikkei
Mar 1, 2022 12:04 AM
Panasonic unveiled the 4680 format (46 millimetres wide and 80 millimetres tall) battery in October.