Xiaomi CEO Lei Jun shared on Weibo that the early disclosure of the YU7’s specifications was intended to facilitate comprehensive, large-scale testing ahead of its …
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Waymo will begin deploying its autonomous vehicles in Miami early next year, with a full rollout to riders expected in 2026.
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INDUSTRY NEWSLatest News
Reliability of EVs and plug-in hybrids improves but trails gas-powered cars, survey finds
The survey evaluated reliability across 20 problem areas, such as engines, electric motors, transmissions, and in-car electronics.
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Hyundai, like other automakers, is grappling with escalating production costs fueled by higher raw material prices and adverse currency fluctuations.
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Exicom’s EV charger business, launched in 2019, has quickly gained traction, generating INR 2.43 billion (USD 28.7 million) in revenue during the fiscal year 2024.
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INDUSTRY NEWSLatest News
‘Radical’ targets and board tensions prompted Tavares’ sudden exit from Stellantis
Tavares, whose compensation reached 36.5 million euros earlier this year, had previously been celebrated for delivering double-digit profit margins.
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FLASHBACKINDUSTRY NEWSLatest News
VW CEO faces worker backlash amid tensions over plant closures and pay cuts
The escalating tensions come as Europe’s automotive sector faces mounting challenges, including weakening demand, high labor costs, and slower-than-expected adoption of electric vehicles.
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INDUSTRY NEWSLatest News
US proposes USD 7.54 billion loan for Stellantis-Samsung SDI battery venture
Stellantis confirmed that the first plant is slated to open in early 2025, with the second facility following in 2027.
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The license also represents Baidu’s first known permission to test autonomous vehicles outside mainland China.
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The strikes escalate tensions between Volkswagen and its workforce as the company faces criticism over proposed layoffs, pay reductions, and potential plant closures.