This investment is part of the automaker’s strategic initiative to prepare the facility for the production of a new SUV model slated for launch in …
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INDUSTRY NEWSLatest News
Nissan to ramp up solid-state battery production
by Biplab Dasby Biplab DasThis move aims to bolster Nissan’s competitiveness in the EV market amid fierce competition from industry leaders like Tesla and BYD.
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BYD has already delivered nearly 20,000 units of Bao 5, the first model under its premium Fangchengbao brand.
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At Tesla’s German plant, 3,000 of the carmaker’s roughly 12,000 staff have been reportedly fired.
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INDUSTRY NEWSLatest News
Oil prices rise as Chinese economic growth surpasses expectations
by Biplab Dasby Biplab DasBrent and U.S. crude futures rose by 0.5% and 0.6%, respectively, with the benchmarks responding positively to China’s GDP growth of 5.3% year-on-year.
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INDUSTRY NEWSLatest News
JLR and Allye Energy set to collaborate on mobile energy storage
by Biplab Dasby Biplab DasThis solution utilises second-life batteries from Range Rover and Range Rover Sport plug-in hybrid vehicles (PHEV).
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Maserati has taken the wraps off the new GranCabrio Flogore, which is the all-electric derivative of the ICE-powered GranCabrio. It is also the fastest all-electric …
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INDUSTRY NEWSLatest News
Octopus Energy and Chery Omoda join forces to offer EV leasing in Britain
by Biplab Dasby Biplab DasThe Omoda 5 SUV will make its UK debut next month, marking Chery’s first step into the British market.
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Tensions have been rising between China and the West over increasing exports and competition to local players.
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INDUSTRY NEWSLatest News
Alfa Romeo Milano renamed to Junior following pressure from Italian government
The chaos around the name has certainly given the new SUV a lot more attention than what Alfa Romeo had anticipated.