With German automaker Volkswagen missing its electric vehicles sales target in China in 2021, the carmaker’s works council chief Daniela Cavallo has called on the company to get a deeper understanding of the Chinese car market in order to increase… Read More ›
electric vehicles
Panasonic will begin production of new lithium ion batteries for Tesla in 2023
In a report Japan’s Nikkei said, Panasonic will begin producing its new lithium-ion battery for Tesla from 2023 and plans to invest around $705 million (80 billion yen) in production facilities in Japan. Panasonic’s new lithium-ion batteries is likely to make electric… Read More ›
Sony examines options to expand into electric vehicles
This Spring, Sony is set to examine its options vis-à-vis the electric vehicle market as it looks to capitalize on its sensor and entertainment strengths to play a bigger role in next-generation mobility. Speaking ahead of the CES technology trade… Read More ›
Global chip shortage should end by 2022: BMW CEO
In an interview to German daily Muenchner Merkur, BMW’s CEO Oliver Zipse said, the carmaker plans on creating up to 6,000 new jobs in 2022 as it prepares to meet heightened demand for its electric vehicles. “BMW is on a… Read More ›
China’s Geely gains access to US market by collaborating with Waymo on autonomous taxis
In a statement China’s Geely Holding said, Zeekr, its premium electric mobility brand, will collaborate with Alphabet Inc’s self-driving unit Waymo to make electric vehicles for the latter, which will be deployed as fully autonomous ride-hailing vehicles across the United States…. Read More ›
German Chancellor Olaf Scholz vows inclusive digital transformation of economy
German Chancellor Olaf Scholz said, his government would make Germany, Europe’s biggest economy, fit for the future and vowed it would leave no one behind in this major transformation of the economy. Vowing increased investments in climate protection and digitalization… Read More ›
LG Energy Solution’s IPO to be third biggest in South Korea
According to two sources familiar with the matter at hand, LG Energy Solution (LGES) is likely to place its IPO at the top of its indicative range at around $11 billion. Institutional investors are betting heavily on booming demand for… Read More ›
General Motors re-enters rare earths industry
In a significant development that marks the return of General Motors Co to the rare earth industry, the US automaker now plans on sourcing rare earth magnets for its future line of electric vehicles from new U.S.-based manufacturing facilities under two… Read More ›
Unrealizable production of magnesium by China, adds to headwinds facing automakers
In recent days, European automakers who are already reeling from the global chip shortage have hastened to reassure shareholders that shortages in magnesium do not, for now pose a risk to production plans. Car part suppliers and industry associations have… Read More ›
Volvo Cars making major concessions to wet investor appetite given strong concerns
Ahead of its initial public offering, Volvo Cars’ Chinese owner Zhejiang Geely is making some major concessions so as to wet investor appetite. Chinese owned Volvo Cars has slashed the amount it aims to raise from its massive equity offering by… Read More ›