China’s Ministry of Industry grants approval for electric vehicle maker Nio to produce vehicles in the country.
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Author: WionDrive News Desk
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INDUSTRY NEWSLatest News
U.S. Development Finance Corporation explores USD 500 million loan for VinFast
VinFast, a Vietnamese electric vehicle company, is being considered for a USD 500 million loan from the U.S. DFC to establish lithium-ion battery facilities in …
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Tesla’s strategy of frequently changing sales prices makes any residual value forecast extremely difficult for Sixt.
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General Motors had previously issued a technical service bulletin saying if vehicles fail to restart, the BECM may need to be replaced.
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INDUSTRY NEWSLatest News
Tesla Prepares to Deliver Long-Awaited Cybertruck Amid Production Challenges
Tesla is set to deliver its long-delayed Cybertruck amid production challenges and tempered expectations from CEO Elon Musk, targeting a niche market with potential pricing …
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General Motors plans significant reductions in EV production costs by 2024, emphasising higher-margin models for increased profitability, with a commitment to achieve mid single-digit earnings …
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Saudi Arabia, Russia, and other OPEC+ members currently collectively produce approximately 43 million barrels per day, which accounts for over 40% of the global supply.
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The United Auto Workers (UAW) union has initiated a first-of-its-kind campaign to publicly organise the entire non-union auto sector in the United States.
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Uni Wheel is a functionally integrated wheel drive system that dramatically improves available space inside an electric vehicle.
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Michelin has announced that it will gradually cease the production at its Karlsruhe and Trier sites, as well as the new tyre and semi-finished products …