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Chinese academician expects lithium prices to see further drop of up to 20% this year

Chinese Academy of Sciences academician Ouyang Minggao said he expects the price of lithium carbonate in China to drop to between RMB 350,000 yuan...

CATL reportedly cutting battery costs significantly for some clients including NIO, Li Auto

The program is only available to a few strategic customers, including NIO, Li Auto, Huawei and Zeekr, and Tesla is not included, according to...

Mercedes-Benz shared its 2022 Results and outlook for 2023

Mercedes-Benz Group AG’s sharpened focus on high-end passenger cars and premium vans, combined with tight cost control, helped to lift Earnings Before Interest and...

BMW and Valeo engage in a strategic cooperation to co-develop next-generation Level 4 automated parking

In January both companies signed an agreement for a strategic cooperation, which will focus on joint development of next-generation high-end parking user experience for...

Ford Taps Michigan for New LFP Battery Plant

Ford announced it is investing $3.5 billion to build the country’s first automaker-backed LFP battery plant, offering customers a second battery technology within Ford’s...

Fitch expects China’s NEV sales to maintain strong growth, while ICE vehicle sales to decline

Fitch expects sales of passenger NEVs in China to grow by more than 30 percent in 2023, while ICE vehicles will decline by the...

indie to Acquire GEO Semiconductor

indie Semiconductor, an Autotech solutions provider, announced it has entered a definitive agreement to purchase GEO Semiconductor, Inc., a market leader in video processors...

Renault-Nissan: why EVs will be key to the future of the embattled auto alliance

Peter Wells, Cardiff University When Carlos Ghosn was escorted off his private jet after landing at Tokyo’s Haneda airport in November 2018 and promptly arrested...

GlobalFoundries and GM Announce Long-Term Direct Supply Agreement for U.S. Production of Semiconductor Chips

General Motors Co. and GlobalFoundries (GF) announced a strategic, long-term agreement establishing a dedicated capacity corridor exclusively for GM's chip supply.  Through this first-of-its-kind...

Over 56 thousand Hydrogen Passenger Vehicles Sold So Far

Over 56 thousand hydrogen fuel cell passenger vehicles were sold worldwide by the end of 2022, says Information Trends in a study. At the...

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