Technology News

Mitsubishi said it will roll out 16 new models over the next five years.

The threshold was reached during testing of the Phoenix 2 vehicle at a flight test centre in southern Spain

The new powertrain will debut in the much-awaited successor to the Lamborghini Aventador and start Lamborghini’s push towards electrification.

Cruise is focusing on cutting costs this year as mounting losses in the autonomous vehicle companies have sparked investor concerns and forced some to shut shop.

Oil giant Aramco has agreed to take a minority stake in a new powertrain engine company to be set-up jointly by Renault SA and China's Geely Automobile Holdings Ltd.

The Dearborn, Michigan-based automaker added it hired about 550 employees who previously worked at Argo AI for its new subsidiary.

The pilot plant will have an annual capacity of 2500 tonnes and will contribute to the production of more than 50,000 battery modules for new electric Mercedes-Benz vehicles.

Battery costs are the most expensive component in electric vehicles (EV) and a move toward lower prices by CATL, which had 37% of the global market last year, would ease a major cost pressure on automakers.