General Motors (GM) has ended its nearly decade-long, US$10 billion Cruise robotaxi project, a decision that has severely impacted Honda's plans for autonomous driving technology,...
In light of the sluggish electric vehicle (EV) market and uncertainties following Donald Trump's re-election, LG Energy Solution (LGES) will acquire all shares of the battery plant...
Leading tier 1 European automotive suppliers, including Bosch and ZF, have laid off more than 50,000 workers in 2024, surpassing layoffs during the COVID-19 pandemic. This is mainly...
International electric vehicle (EV) companies, such as Ford Motor and General Motors (GM), are struggling to operate in China's hypercompetitive and low-priced EV environment.
Despite recent slowdowns in the electric vehicle (EV) market, Hyundai Motor Group (HMG) continues to perform strongly in the United States. The group has secured a 10% market share,...
General Motors (GM) recently announced the elimination of over 1,000 jobs, with its software and services division bearing the brunt of the cuts. This move underscores the immense...
In recent years, business for joint venture automakers in the Chinese market is no longer smooth sailing, facing increasing challenges. As a result, many have adjusted their local...
Faraday Technology, a Taiwan-based provider of fabless ASIC services and silicon IP, has announced its participation in the Intel Foundry Accelerator Design Services.
Ultium Cells, a battery joint venture between LG Energy Solution and General Motors, has started production at its second plant in Tennessee, the US. The first product has been delivered...
Battery maker Samsung SDI will work with General Motors to begin volume production of the 46-phi cylindrical batteries. South Korea-based ET News reported that the pair plans...
Slower demand for EVs has prompted European and US carmakers to delay their plans. Zhu Huarong, chairman of China-based Changan Automobile, said the situation will hamper Chinese...
