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U.S. House passes bill targeting China with restrictions on EV tax credits

U.S. House passes bill targeting China with restrictions on EV tax credits On September 12, the U.S. House of Representatives voted 217 to 192 to approve a bill to tighten rules limiting Chinese content in vehicles qualifying for U.S. EV tax credits, before sending it over to the Senate. The bill, sponsored by Representative Carol Miller, would tighten the definition of a so-called "Foreign Entity of Concern" that applies to China and other count...

News Updated at: 2024/09/14

Eaton acquires Royal Power Solutions to bolster EV components supply chain

y management, industrial and mobility markets. Under the terms of the agreement, Eaton paid USD 600 million for Royal Power Solutions, representing approximately 13.6 times the company’s estimated 2022 EBITDA. Royal Power Solutions has approximately 450 employees and manufacturing facilities in Carol Stream, Illinois, and Queretaro, Mexico, along with a sales and engineering office in Canton, Michigan. “Growth opportunities tied to the ele...

News Updated at: 2022/01/07

Lyft partners with Drive.ai to provide self-driving rides

California headquarters, ten cars outfitted with the company's sensors and software will become a part of Lyft's free self-driving service."The purpose here is to see how passengers interact with autonomous vehicles, as well as to see how cities need to change to integrate them," said Drive.ai CEO Carol Reiley. "We've been testing for about a year, so we're excited to start having passengers on board, along with the safety driver."In June, Lyft ...

News Updated at: 2017/09/09

MLIT summarizes fuel economy of cars in Japan

f cars which are sold in Japan as of the end of 2013. MLIT listed top 10 fuel-efficient passenger cars based on the JC08 test mode. The most fuel-efficient car in the non-mini and compact car segment was the Toyota Aqua, while the most fuel-efficient mini-vehicles were the Suzuki Alto and the Mazda Carol. MLIT also listed cars by achieved level of fuel efficiency based on the Japanese standard for the fiscal year ending March 2016. According to t...

News Updated at: 2014/03/24