Transportation
Fed officials have entered a blackout period, during which they usually do not make public comments, until the policy decision outcome on Sept. 20. Wall Street stocks rose on Monday, with the Nasdaq jumping over 1% as Tesla surged on optimism around artificial intelligence and investors awaited inflation data due later this week. Tesla rallied…
Verkor has already raised around 350 million euros, mainly for a new innovation centre, a pilot production line already in operation and a “battery school” to train future employees. Verkor should complete the first tranche of fundraising for its future battery gigafactory in Dunkirk, France, in the coming weeks, co-founder and chief customer officer Philippe…
Alpine, the French car maker that made a name for itself in the 1970s for building light and nimble Renault-based sports cars, is preparing an all-electric four-seat coupe that will resurrect the A310 name last used in the 1980s. This isn’t exactly breaking news, as we’ve known about Alpine’s plans to launch a seven-strong lineup…
Major automakers are racing each other to deploy technology that allows motorists to take their hands off the wheel under certain conditions. The U.S. auto safety regulator investigating Tesla’s Autopilot driver assistance system is demanding an explanation for a software change that allows drivers to keep their hands off the wheel for longer, risking collisions,…
GTA Semiconductor has been backed by state-owned venture capital firms like Shanghai-based Spinnotec, which first announced the USD 1.8 billion fund-raising round on Monday, without specifying the entities involved. Chinese auto chipmaker GTA Semiconductor recently completed a largely state-funded financing round worth over USD 1.8 billion, state-backed Securities Times reported on Wednesday, with the move…
Mini has been making significant alterations to its lineup in recent times. The upcoming electric Mini Cooper three-door is set to deliver far more range, power, and charging capabilities than its predecessor. The Countryman EV plans to provide even healthier charging capabilities in an AWD compact crossover form factor. The British automaker will also release…
Powertrain development companies use H2ICE for heavy-duty applications. It targets to increase the efficiency of multiport and utilizes the current powertrain architecture. New Delhi: On January 4, 2023, the Union Cabinet passed the National Green Hydrogen Mission that will aid in promoting the hydrogen ecosystem. Following this approval, this mission was incorporated in the Union…
However, around 5% to 10% of the materials would still need to be imported from China due to high costs and a lack of technological capabilities locally, he added. European battery makers may be able to source at least 70% of the key materials they need locally by 2026, a senior manager at Chinese battery…
In the initial phase, ASCL plans to replace 7,000 diesel autos with E Autos, with a long-term goal of having 20,000 E Autos plying in the city. In the absence of government authorisation, the future of E Rickshaws appears to be imperilled, particularly following the introduction of E Autos which not only adhere to stringent…
In the last few years, automakers have embarked on a factory-building boom in the US thanks to friendly EV policies and generous federal and state subsidies. A new interactive map points to where EV investments are exactly concentrated while also highlighting the subsequent number of jobs created. In recent years, $154 billion worth of EV…
