Auto Industry Reviews
Nikola, Proterra Enter Into Battery Supply Deal For Semi-Trucks
Nikola's trucks fitted with Proterra's batteries are expected to be produced in the fourth quarter of 2022 with prototypes systems being delivered to the truck maker in the second quarter, the company said.
Toyota Confirms Four-Year Long Waiting Period For The New Land Cruiser LC300
Jan 23, 2022 05:12 AM
The delay in delivery is primarily due to the ongoing semiconductor crisis which has disrupted production of automobiles across the globe.
Maharashtra State Bats For Tesla Over Import Tax On EVs
Jan 22, 2022 06:48 PM
Maharashtra state on Wednesday urged the federal government to lower tax rates on imported cars in the budget on Feb. 1, following calls by electric carmakers like Tesla
EU To Propose Microchips Law In Early February, EU Chief Says
Jan 22, 2022 06:35 PM
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 To Create $10 Billion Fund To Bid For BPCL Stake, Other Assets
Jan 22, 2022 06:02 PM
Vedanta plans to create a $10 billion fund to bid for assets including the Indian government's stake in Bharat Petroleum Corp Ltd (BPCL).
Hyundai Motor Partners With Quantum Computer Firm IonQ For Battery Development
Jan 22, 2022 05:18 PM
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's Industry Ministry Expects Tight Chip Supply For Relatively Long Period
Jan 22, 2022 04:49 PM
China encourages key domestic enterprises to increase investment and promote better supply capacity of the entire chip industry chain.
Mitsubishi Says Chip Shortage May Continue To Hit Mexican Output In H1: Report
Jan 22, 2022 04:25 PM
Held back by the chip shortages, auto output in Mexico fell by 2% in 2021 from the previous year, the fourth consecutive annual decline.
GM To Deliver Electric SUV Cadillac Lyriq To Customers In 'Few Months'
Jan 22, 2022 04:12 PM
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.
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