…Volvo Cars has signed a multibillion-dollar deal to buy electric car batteries from two leading Asian manufacturers to supply the company until 2025. The deal with Chinese battery manufacturer…
…As India overtook China to become the world’s fastest-growing major economy, its buoyant car market was a conspicuous sign of its momentum. Driven by growing urban disposable income, the car sector…
…studied how best to introduce the new form of transport. By contrast, it has been open to the testing of driverless cars , which are a frequent sight on city streets — though with back-up drivers behind…
Nissan Motor Co. shares fell to their lowest since 2012 after predicting annual operating profit below even the most pessimistic analyst’s estimate and cut its dividend for the first time in a decade, giving partner Renault SA a potential opening to push for greater control over their automaking alliance.
It also has autonomous vehicle development partnerships with Alphabet’s Waymo and auto supplier Aptiv.
Swedish carmaker Volvo said on Wednesday it had signed long-term battery supply deals with two Asian battery makers, South Korea’s LG Chem and China’s Contemporary Amperex Technology Co Ltd (CATL).
Such EV battery supply agreements are important because traditional automakers have not made their own before, and because supplies such as LG Chem and CATL are capable of rapidly increasing production in order to drive down the cost of plug-in hybrids and battery-electric vehicles.
German authorities found the Ferrari 288 GTO worth around €2 million ($2.2 million) after it was stolen by a would-be buyer, police said on Wednesday.
As the number of electric vehicles rises in major economies, the need to recharge may put undue pressure on residential power grids, eventually leading to widespread power outages. But the solution may not be to spend billions to expand them.
Most electric vehicle manufacturers outsource their car batteries, but building them in-house like Volkswagen could promote innovation.