The Japanese automaker announced the halt on Friday, signalling a significant move in its operational approach in China.
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Author: Biplab Das
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INDUSTRY NEWSLatest News
Chinese and Vietnamese EV makers lead surge in Southeast Asia’s market
by Biplab Dasby Biplab DasThis surge is encroaching on the market traditionally dominated by Japanese and Korean internal combustion engine (ICE) cars, according to a recent report by Counterpoint …
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INDUSTRY NEWSLatest News
Vitesco Technologies unveils new rotor lock actuator at SIA POWERTRAIN 2024
by Biplab Dasby Biplab DasThis new module for electric vehicles (EVs) combines three key functions into a single unit: park lock functionality, precise rotor position sensing, and optionally, the …
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INDUSTRY NEWSLatest News
Nikola announces 1-for-30 reverse stock split to maintain Nasdaq listing
by Biplab Dasby Biplab DasA reverse stock split allows a company to consolidate its shares, increasing the stock price by reducing the overall number of shares in circulation.
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INDUSTRY NEWSLatest News
Mahindra adopts Dassault Systèmes’ cloud platform to accelerate vehicle development
by Biplab Dasby Biplab DasMahindra & Mahindra, a prominent Indian automotive and farm equipment manufacturer has selected Dassault Systèmes’ 3DEXPERIENCE platform to streamline its new product development process. This …
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INDUSTRY NEWSLatest News
EKA secures additional investment from Mitsui to boost EV expansion
by Biplab Dasby Biplab DasThe investment also establishes a favourable valuation benchmark for EKA, reflecting its rapid growth.
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INDUSTRY NEWSLatest News
BYD and CATL set to launch 10-minute charging batteries
by Biplab Dasby Biplab DasAccording to reports, these batteries can theoretically be fully recharged in just 10 minutes. This remarkable feat is achieved through a 6C charging rate, a …
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INDUSTRY NEWSLatest News
UK to build world’s largest monopile factory, creating over 2,000 jobs
by Biplab Dasby Biplab DasThis ambitious project is not only a testament to the nation’s commitment to sustainable energy but also a major employment boost, with over 2,000 new …
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Luxury Cars
GE Aerospace develops hybrid electric engine to cut aviation emissions
by Biplab Dasby Biplab DasThis initiative aims to significantly reduce the aviation industry’s carbon footprint, particularly from single-aisle jets, which contribute to half of the sector’s emissions.
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INDUSTRY NEWSLatest News
China’s Momenta gains approval for US IPO amid autonomous driving push
by Biplab Dasby Biplab DasThis move signals a significant step for Momenta as it seeks to expand its influence and secure funding in the competitive field of autonomous driving …