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Stellantis has signed a deal with battery maker LG Energy Solution (LGES) for producing battery cells and modules for North America. The move comes as part of the automaker’s 30
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China’s auto sales increased 8.7 percent year on year to 18.62 million units during the first nine months of this year, data from the China Association of Automobile Manufacturers (CAAM)
Baidu and Tencent-backed electric-vehicle maker WM Motor Holdings has raised over $300 million in new funding as investors continue to show interest in the company. Two Hong Kong-listed companies led
New car registrations in the UK have seen the weakest September since 1998, dropping by 34 percent year-on-year amid continuing chip shortages, the British Society of Motor Manufacturers and Traders
SK Innovation expects the U.S. vehicle industry to experience a battery supply shortage until 2025 due to the long lead times to build production facilities, top SK executives informed Reuters.
DeepRoute.ai said on Tuesday it has raised $300 million from investors including e-commerce company Alibaba, Jeneration Capital, Geely Holding and others to expand its test fleet and develop technologies including
China’s output of storage batteries for powering new energy vehicles (NEVs) increased 161.7 percent year on year to reach 19.5 gigawatt-hours (GWh) in August as the industry sees continuous development,
Sales of passenger cars in China dropped in August from a year ago, according to the data from an industry association showed on Wednesday. Retail sales of passenger vehicles, including
Stellantis announced Wednesday it has entered into a definitive agreement to buy F1 Holdings Corp., parent company to First Investors Financial Services Group, an independent auto finance company in the
The market growth rate of new energy vehicles (NEVs) in China was 5.4 percent in 2020, showing significant growth momentum in the sector, according to an annual report provided by
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