One entity will include commercial vehicles business while the other will manage passenger vehicles, electric vehicles and JLR businesses.
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INDUSTRY NEWSLatest News
Volkswagen’s battery unit defers IPO until factories running, unified cell in use
The decision to defer POwerCO’s IPO comes at a time when the capital-market enthusiasm for EVs has cooled as sales growth has slowed.
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The new BYD Atto 3 is priced at 119,800 yuan (USD 16,644), 11.8% lower than the final sales price of the version it has replaced.
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EV maker Fisker expects to make between 20,000 and 22,000 Ocean vehicles this year, way below estimates of 35,600 units.
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Analysts expect healthy sales momentum to continue given there are no new price hikes for at least three months.
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In late 2022, Volkswagen ceded its title of best-selling car brand in China to local EV manufacturer BYD.
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General Motor’s robotaxis are not expected to be seen on US city streets again until the fourth quarter.
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BYD’s push into Mexico foreshadows a competitive threat to the local automakers as well as to companies operating in the US.
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Maserati has taken the wraps off the new 2024 GranCabrio convertible sportscar, which shares its underpinnings with the GranTurismo coupe. It packs the 3.0L twin-turbocharged …
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INDUSTRY NEWSLatest News
Apple halts electric car project, shifts focus to AI
by Biplab Dasby Biplab DasThe decision comes amidst a shifting landscape in the automotive industry and a renewed focus on artificial intelligence (AI) initiatives.