NEWS
Automotive
Hyundai Kia are sued by drivers due to missing engine immobilizers in some models between 2011 and 2021 after a theft challenge on TikTok
Kia to start EV production in the US in 2024 to qualify tax credit in the Inflation Reduction Act
Ivoco unveiled prototype of eDaily, a large van model with hydrogen fuel cell from Hyundai
Xpeng launched G9 Flagship SUV with advanced ADAS and driving range between 570km and 702km depending on series
Fisker to launch Ocean e-SUV in Indian market in July 2023 and locally assemble vehicles in a few years
Tesla recalls 1M+ vehicles due to window detecting system error
Tesla completed a project for production capacity improvement at its Shanghai plant
Auto parts suppliers to increase prices from 7% to 20% towards OEMs including Ford
Ford expects additional $1B unexpected supplier cost in Q3; to restructure its global supply chain
GM to invest $760M in its Toledo, Ohio, plant to produce drive units for e-trucks
Hertz to order 175K+ EVs from GM over next 5 years for its rental car service
Renault to unveil its EV value chain including battery partnerships on a capital markets day in this year
Stellantis to produce more electrified duel-clutch transmissions for EVs in Turin, Italy, for doubled revenue by 2030
Volkswagen signed on MoU with Ellia, a Belgian high voltage transmission operator, for Vehicle-to-grid technology
Mercedes-Benz is ready to reduce up to 50% gas consumption for its production; it's only 10% reduction for now
Mercedes-Benz to build a wind farm in Germany by 2025 to cover 15% of its electricity demand
Mercedes-Benz recalls 100K C-class models due to moisture leaks to signal acquisition module
Daimler Truck and Futon Motor started to produce Mercedes-Benz branded trucks in Chinese local plant
Mahindra may raise $250M to $500M from global investors to make EVs
Toyota ended its vehicle production in Russia due to supply chain issue; Mazda is also in discussion
Bump, an EV charging stations operator, signed on $180M equity deal with DIF Capital Partners to install 25K charging stations by 2030
Lastmile_Micromobility_Logistics
Uber asked Indian drivers to ensure rear seatbelts
Rad Power Bikes, an e-bike maker, to launch a bike subscription service
Location_Invehicle_Technologies
Automotive OEMs including Toyota and Nissan to pay for the patent licenses of wireless technology through Avanci, a licensing marketplace
Xpeng launched City Navigation Guided Pilot, its advanced ADAS, and tests in Guangzhou
Seoul Robotics, an advanced ADAS platform provider, raised $25M Series B funding
Battery_Materials_Chips
LG Energy Solution signed on lithium and cobalt sourcing agreements with Canadian miners, Electra, Avalon and Snowlake
Nio to build 1K battery swapping stations in Europe by 2025 to serve its EVs to be sold from this year
Xpeng diversified its battery suppliers including EVE and CALB to respond the increased price of CATL
GM partners with Lithion Recycling, a Canadian battery recycler, to create a EV battery circular ecosystem
Nvidia unveiled Drive Thor, a next-gen chip for autonomous driving and in-vehicle infotainment to be produced in 2025
Qualcomm partners with Mercedes-Benz for chips to be embedded in infotainment and connectivity systems; and Red Hat for in-vehicle operating system
Leoparda Electric, a Brazilian startup planning to build battery swapping station, raised $8.5M seed round
More Readings...
Elon Musk faces skeptics as Tesla gets ready to unveil 'Optimus' robot (Reuters)
Volkswagen has gas supplies for winter but could see shortages next year (Reuters)
Europe's truckmakers stockpile gas as energy crisis worsens (Bloomberg)
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