Franco-Italian automaker Stellantis plans to invest €1.5 billion to acquire approximately 20% of Chinese EV startup Leapmotor, making Stellantis a significant shareholder. The deal also outlines the formation of Leapmotor International, a 51/49 Stellantis-led joint venture that has exclusive rights for the export and sale, as well as manufacturing, of Leapmotor products outside Greater China. This…
China restricts the export of graphite from December 1. Under the new restrictions, exporters need to apply for Beijing permission to ship two types of graphite, including high-purity, high-hardness and high-intensity synthetic graphite material, and natural flake graphite and its products. Graphite is a crucial material for Li-ion battery manufacturing. It is used in the…
“Our focus, we call it mobility and it includes all of them,” Sachin Tikekar, President and Joint Managing Director of KPIT, told ETAuto. New Delhi: The Pune-based Indian multinational corporation KPIT Technologies (KPIT), which provides embedded software and product engineering services mainly to passenger cars and commercial vehicles, plans to broaden its focus of operations…
Nickel has been reduced to reflect maintenance outages at the Sudbury smelter and a longer than expected recovery from 2022 strike action Commodity trader and miner Glencore on Monday cut its nickel production guidance for this year due to maintenance and strikes but reiterated its expectation that profits from its trading division would be USD…
The Nikola Badger may have just got scratched off the list, but there’s still no shortage of electrified utes under development. In fact, we reckon there are almost 20 load-haulers either confirmed or said to be on the way to production. Not everyones convinced there’s a market for them all, but that doesn’t seem to…
Nissan has revealed that it is plotting the introduction of an all-new affordable battery-electric pick-up truck that will sit beneath its current combustion-powered Navara. Announcing that an entry pick-up was under investigation during an interview withAutomotive News, Nissan’s global product planning boss Ivan Espinosa confirmed a smallelectrified ute was on the car-maker’s radar. “One thing…
Chevrolet has confirmed a few more details regarding the upcoming Equinox EV—including more detail on its arrival timing, a price hike for the base version, and the attraction of a nearly 320-mile range for an effective cost in some cases of under $30,000. In a press call Monday afternoon, GM revealed that the base Chevrolet…
The progressing expansion of the electric vehicle market and huge expectations about future growth have prompted massive EV-related investments in the U.S. Aside from new EV factories and a small tsunami of EV battery factories, there is also a significant wave of new EV charging equipment factories coming right now, an analysis of Department of Energy…
Last week, General Motors and Ford announced they are pushing back spending on electric vehicles, citing slowing demand for BEVs and the EV price war initiated by Tesla at the start of the year. But it looks like Detroit’s biggest automakers aren’t the only ones adopting a more cautious approach to EVs. Hertz executives were downbeat…
If you went into 2023 thinking this year would mark the permanent rise of electric vehicles along some perfect, up-and-to-the-right growth curve, a gloomy tide of recent news may have you wondered how and when, exactly, you ended up in the Twilight Zone. In just the past few weeks, General Motors had a disastrous Q3…
