Auto Industry Reviews

Nvidia is looking to capitalize on the intense competition among automakers to develop vehicles that can drive themselves and deliver sophisticated entertainment and information to the humans on board.

First Cobalt aims to create North America's first specialist facility for producing electric vehicle battery materials such as cathode chemicals.

Speaking at the Handelsblatt Automotive Summit, Chief Executive Reinhard Ploss said that vehicle production and chip supply could be balanced by the third quarter.

Connected Kerb uses long-term contracts spanning 15 to 25 years, financed by large infrastructure banks and groups like infrastructure investor Equitix.

The company said Chief Operating Officer Jane Ritson-Parsons will also take on the newly created role of Chief Commercial Officer to build Lordstown's commercial strategy for its vehicles.

The plant will be constructed in two phases and Xiaomi will also built its auto unit's headquarters, sales and research offices in the Beijing Economic and Technological Development Zone

Taiwan, home to companies such as Taiwan Semiconductor Manufacturing Co Ltd (TSMC), has become front and centre of efforts to resolve a shortage of chips that has shut some auto production lines around the world and whose impact is now being felt in consumer electronics too.

The company said it plans to complete construction of its general assembly, paint, casting, stamping and body shop facilities by Dec. 31.