nue to use the site to make a broader range of products aligned with its strategic priorities. Foxconn will sell the site’s land and buildings for USD 88 million to Crescent Dune LLC, according to an August 4 filing with Taiwan’s stock exchange. In separate transactions, Foxconn is also selling one batch of machinery and equipment on behalf of its EV Asset Management subsidiary to Crescent Dune for USD 257 million and a second batch of equipm...

News  Updated at: 2025/08/05

ELER Group, offers solutions that manage the entire lifecycle of an autonomous vehicle fleet. They are planning to deploy HOLON urban autonomous shuttles on the Lyft platform in the US in late 2026. They initially plan to deploy these shuttles in partnership with airports and cities. Riders will be able to book a ride on one of these autonomous shuttles directly through the Lyft platform. These vehicles will be equipped with Mobileye autonomous t...

News  Updated at: 2025/07/28

ated that the UK-India trade agreement represents a significant achievement, partially liberalising the Indian automotive market for the first time.  While the highly complex deal confirms some compromises, its entry into force will provide commercial opportunities for UK manufacturers who will be able to access vastly reduced tariffs on internal combustion vehicles from day one, and on electrified vehicles and parts in the longer term. SMMT fur...

News  Updated at: 2025/07/25

Joby to expand manufacturing capacity in California and Ohio On July 15, Joby Aviation announced the expansion of its site in Marina, California, which will double its aircraft production capacity at that location. The total site now spans approximately 435,500 square feet and will support the scale-up of commercial operations.  Once fully operational, the expanded Marina site is expected to be able to produce up to 24 aircraft per year, nearly ...

News  Updated at: 2025/07/16

Tesla marking formal entry into India with Mumbai launch event On July 10, Tesla announced to media that it will host a one and a half hour launch event for the Tesla “Experience Center” showroom in the Maker Maxity Mall at the Bandra Kurla Complex in Mumbai, marking the first official foray by Tesla into India. The Mumbai showroom's first week will be reserved for VIPs and business partners, according to sources. Visitors will be able to che...

News  Updated at: 2025/07/12

204 million, based on outstanding Shares. Qt will fund the Offer with a combination of cash and debt. Established in 1983, IAR's solutions support the development of embedded applications across various industries, including automotive, industrial automation, IoT, etc. The combined company would be able to provide a comprehensive, one-stop shop solution, unlocking significant value for both companies. By joining forces across sales and customer s...

News  Updated at: 2025/07/07

China issues rare earth licenses to Detroit 3 suppliers China has granted temporary export licenses to rare-earth suppliers of the Detroit 3 automakers, according to sources familiar with the matter. Suppliers to General Motors, Ford, and Stellantis got clearance for some rare earth export licenses on June 2, one of the two sources said. At least some of the licenses are valid for six months, the sources said.  GM and Ford have not commented, bu...

News  Updated at: 2025/06/13

May Mobility and ITOCHU partner to globalize remote AV support On May 29, May Mobility announced a strategic partnership with ITOCHU Corporation, one of the leading Japanese sogo shosha, to help accelerate driverless deployments globally over the coming years.  Beginning with a collaboration with one of ITOCHU’s portfolios, BELLSYSTEM24, a customer experience and business process outsourcing solution provider, May Mobility will be able to depl...

News  Updated at: 2025/05/31

ing that the previously unreported date was discussed internally and could still change. Musk has previously said the service would begin with 10 self-driving robotaxis by the end of June. In preparation for the launch, the company this week operated a test vehicle on public roads in Austin with no one in the driver’s seat for the first time, according to the person, who also noted that a Tesla engineer was riding in a passenger seat of a Model...

News  Updated at: 2025/05/30

Stellantis will not say when, if new Jeep Compass will come to U.S. On May 5, Jeep unveiled the redesigned next-gen Compass SUV in Europe, but while European customers are able to order one now, with deliveries set for later this year, Stellantis remains unclear when or if the crossover will eventually be offered in North America.  The original plan was to build the next-generation Compass at the plant in Melfi, Italy as well as the plant in Bra...

News  Updated at: 2025/05/08

Nissan Canada and Wallbox launch home EV charging partnership On May 1, Wallbox announced a new partnership with Nissan Canada to launch a nationwide integrated home charging solution for Nissan EV owners. Starting in May, Nissan EV owners across Canada will be able to purchase Wallbox’s Pulsar Plus home charger and schedule installation through their local Nissan dealer or directly via the Nissan Canada website. As part of this program, Rocket...

News  Updated at: 2025/05/06

tart in 2025 with a six-digit number of units. This system will be installed in various models of a vehicle manufacturer in China. It uses an SoC, which processes huge data sets from a large language model, enabling the driver to interact with the vehicle in a natural, human-like way. The fusion-capable computer also supports over-the-air updates and can combine different domains such as infotainment and driving assistance on one SoC, reducing in...

News  Updated at: 2025/04/28

ny. The new 20,000 square meter area will house modern production and research facilities, enabling industry-focused research and development in the gigawatt range. This phase is expected to be completed by the end of 2027. With both facilities, PreFab and FFB Fab, the Fraunhofer FFB is currently one of the largest research construction projects in Germany. In the future, the research building will focus on developing cost-effective and eco-fri...

News  Updated at: 2025/04/25

Hyundai announces tariff task force, shifts some production from Mexico to U.S. On April 24, Hyundai Motor Co. said it has launched a task force to respond to U.S. tariffs, adding that production of some Tucson crossovers has now been shifted from Mexico to the U.S. It will develop plans to increase local sourcing of car components in the U.S. and is also considering whether to move production of some U.S.-bound cars from South Korea to other loc...

News  Updated at: 2025/04/25

GAC partners with Jameel Motors to launch NEVs in Poland On April 8, Jameel Motors, a leading provider of mobility solutions, signed an agreement with GAC, one of China’s largest automakers, to distribute GAC’s new energy vehicles in Poland. Jameel Motors will initially focus on distributing GAC’s Aion, the new energy vehicle brand, and Hyptec, a high-end luxury brand built on Aion’s advanced technology stack. The customers will be able t...

News  Updated at: 2025/04/08

Leading EV charging partners launch Spark Alliance to create a seamless charging network across Europe On April 1, Spark Alliance, a unique collaboration between Europe’s leading fast-charging companies, Atlante, Electra, Fastned and IONITY, confirmed the first of its kind collaboration at the Cercle de l'Union Interalliée in Paris, France. Spark Alliance aims to create one seamless charging network, making EV ownership easier. From summer 20...

News  Updated at: 2025/04/03

Stellantis 2024 financial presentation and Q&A: Eyes profitable growth in 2025 with regional focus after tough 2024 On February 26th, Stellantis held the presentation for the full Yyear 2024 financial results. The event was presented by Mr. John Elkann (Chairman of Stellantis) and Mr. Doug Ostermann (CFO of Stellantis). The last 90 days mark the leadership transition period as the company sets a goal to define a new CEO within the first half of 2...

News  Updated at: 2025/02/27

eads.  Some chargers are reportedly already being taken offline, though official guidance on the matter is expected to be further revealed, according to an internal email. At the same time, several pages on the GSA's website related to EV chargers and fleet electrification efforts are now offline. One page that listed a map of nationwide charging ports now redirects to an error message, as does a page about the government's "electrification reso...

News  Updated at: 2025/02/26

States Bankruptcy Court for the District of Delaware. Nikola has also filed a motion seeking authorization to pursue an auction and sale process under Section 363 of the U.S. Bankruptcy Code. Nikola filed a number of customary "first day" motions with the Court to ensure its limited operations are able to continue, including authorization to meet its obligations to employees, during the sale process. Subject to Court approval, the company intend...

News  Updated at: 2025/02/20

gh said the Harvesters will have a battery capacity of around 60 to 70 KWh, about half of the 120 to 130 KWh battery that will power the BEV versions of Scout vehicles.  The extended range Harvester vehicles will have a battery-only range of around 150 miles, yet with a full tank of gas, should be able to go up to 500 miles in total. The Harvester EREVs will feature a four-cylinder engine to power an onboard generator. The engine will not have a...

News  Updated at: 2025/02/19