Tuesday, February 7, 2023

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BYD Acquires an Internet Insurance Company for $530M

According to Chinese commercial information query platform Tianyancha, BYD’s proposed acquisition worth 3.6 billion yuan ($530 million) for Yi’an Property Insurance Co., Ltd. was...

S&P: US Automotive Market Share Wars will Resume in 2023

Recovering inventories are increasing dealer stock, while interest rate hikes and economic headwinds will dampen demand – forcing OEMs and dealers to make deals...

Ouster and Velodyne Announce Combined Company Board of Directors in Anticipation of Closing of Merger of Equals

Ouster, Inc. a provider of high-resolution digital lidar and Velodyne Lidar, Inc. a global player in lidar sensors and solutions, announced the proposed designations...

Wolfspeed and ZF Announce Partnership for Future Silicon Carbide Semiconductor Devices

Wolfspeed, Inc. and ZF, announced a strategic partnership that includes the creation of a joint innovation lab to drive advances in Silicon Carbide systems...

Proximity to electric vehicle charging stations positively impacts home values

New study shows home values rise up to 5.8% University of Rhode Island A new study finds that proximity to electric vehicle charging stations (EVCSs) can...

GM and Lithium Americas to Develop U.S.-Sourced Lithium Production

General Motors Co. and Lithium Americas Corp. announced they will jointly invest to develop the Thacker Pass mine in Nevada, which is the largest...

CATL Invests $3.52B in Battery Recycling Base

Leading Chinese battery firm CATL announced on January 15 that its subsidiary, Brunp, plans to invest 23.8 billion yuan ($3.52 billion) in Foshan, Guangdong...

2022 UK car production down but EV output surges to new record

Annual UK car production falls -9.8% to 775,014 units in 2022 as global chip shortages and structural changes depress output. Record levels of electrified vehicle...

onsemi and VW Cement Strategic Collaboration on Silicon Carbide Tech for Next-Gen EVs

onsemi a global supplier of intelligent power and sensing technologies, announced that it signed a strategic agreement with German Volkswagen AG (VW) to provide...

Insights on the EV Battery Reuse Global Market to 2031

The global EV battery reuse market size was valued at $0.2 billion in 2021, and EV battery reuse industry is projected to reach $3.9...

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