Volvo Cars reported its 14th consecutive month of growth as global sales reached 59,861 cars in October, up 10 per cent compared to the same period last year. The sales increase was primarily driven by the company’s fully electric cars. For the period January-October 2023, the company sold 569,019 cars, which is 18 per cent higher…
The Energy Department announced on Thursday that it had made $2 billion in grants and $10 billion in loans available to auto companies to convert existing factories that build gas-powered cars and trucks into plants that produce hybrid and electric vehicles. The money, provided under the 2022 Inflation Reduction Act, is aimed at maintaining jobs…
Amara Raja’s clients such as Maruti Suzuki have also boosted production as semiconductor supplies improved. India’s Amara Raja Energy & Mobility on Tuesday reported a jump in second-quarter profit, as improved demand for its products helped offset higher expenses. The Amaron battery maker’s consolidated net profit after tax came in at 2.26 billion rupees (USD…
A visiting researcher at NewYork-Presbyterian/Weill Cornell Medical Center was startled when he read the warning from the Food and Drug Administration about a product that had been used in spine surgeries at the esteemed Manhattan hospital. The fluid, derived from umbilical cord blood, was not approved for such procedures, the agency cautioned, and its Idaho…
Daimler Truck Financial Services is partnering with Electrada, a developer, owner and operator of electric vehicle charging infrastructure, to develop a Charging-as-a-Service (CaaS) solution. In a first step, the all-in-one solution will be provided to projects with selected customers in the USA in the first half of 2024. “Together with Electrada we will offer our…
The production ramp of the facelifted Tesla Model 3 at Gigafactory Shanghai appears to be in full swing judging by the thousands of vehicles that are populating the site’s export lot. Tesla’s Chinese plant is currently the only one producing the new Model 3, which launched earlier this month in several markets in Europe, Asia,…
Cadence’s software is an indispensable design tool for semiconductor firms large and small. Its critical role in the global chip industry was highlighted by the US Department of Commerce putting export controls on design software for cutting-edge semiconductors last year as part of measures to cut off China’s access to advanced technologies. The US should…
It is not easy to get a very accurate estimated range readout in any electric vehicle on the market today because so many factors need to be taken into consideration, some of which can be a bit more difficult to predict. Nevertheless, it’s important for automakers to offer accurate range prediction in their EVs if…
With a 59-year legacy, CDIL is a semiconductor and electronics service provider to a worldwide customer base across consumer, industrial, Defence, aerospace and the automotive industry. New Delhi: Semiconductor chips and components manufacturer CDIL on Tuesday announced that it will be adding new semiconductor packaging lines in India. This addition of semiconductor packaging lines by…
Infineon’s power semiconductors play a crucial role in the transition to electromobility, driving market growth, especially for wide bandgap materials like SiC. Infineon will expand its Kulim fab to build the world’s largest 200-millimeter SiC power fab, strengthening its position as a high-quality, high-volume supplier to the automotive industry. Infineon Technologies AG and Hyundai Motor…
