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Friday 10 March 2023
CATL reports CNY328.6 billion in 2022 revenue, seeing slower profit growth in 4Q
China-based battery maker CATL had a strong 2022 despite the challenges caused by COVID-19 and the lithium price hike. The company saw a 152% growth in revenue and a 92.9% increase...
Monday 6 March 2023
VW's Scout Motors to make electric trucks and SUVs in South Carolina
Volkswagen Group has proceeded with its plan to revive the iconic American vehicle, the Scout. The company announced on March 3 that it had selected the State of South Carolina for...
Tuesday 14 February 2023
VW and BMW battery supplier could reap billions from Biden's EV bill
Northvolt AB joined European companies putting policy makers on notice about the allure of US green tech incentives, calling tax credits tucked in President Joe Biden's Inflation...
Friday 3 February 2023
China automotive market will see strong rebound in 2H2023, VW CEO says
Volkswagen Group CEO Oliver Blume is visiting China. He said the country's automotive market will make a robust comeback in the second half of this year. In addition, Blume also stated...
Monday 30 January 2023
Onsemi, Volkswagen team up for EV inverters
Onsemi has signed a strategic agreement with German automaker Volkswagen (VW) to provide modules and semiconductors that enable a complete electric vehicle (EV) traction inverter...
Tuesday 17 January 2023
VW will shorten time to market in China to help EV sales
Volkswagen Group plans to grow its EV competitiveness in China. The automaker will expand local R&D resources in the country, aiming to decrease time to market to the average...
Thursday 22 December 2022
Crucial automotive chip supply to remain tight in 2023
The supply of crucial automotive chips is expected to stay tight in 2023, which may bring foundries and car vendors closer together, according to industry sources.
Thursday 8 December 2022
Volkswagen Anhui launches pre-series production for EVs
Volkswagen Group is one step closer to adding production capacity in China. Its joint venture with JAC Motors, Volkswagen Anhui, rolled off the line the first pre-series production...
Monday 5 December 2022
GM, LGES to increase battery production in the US; Volkswagen explores Canadian cell site
The EV battery production ramp-up in North America continues: General Motors and LG Energy Solution announced that they will raise cell production by 40% at a joint plant in Tennessee,...
Wednesday 30 November 2022
Volkswagen reportedly in talks with Foxconn and Magna to build EVs in US
Volkswagen Group is reportedly to work with Foxconn Technology Group or Magna International to make the Scout-branded electric pick-ups and rugged SUVs in the US.
Tuesday 29 November 2022
Europe falling behind US and China in industry transformation, says VW brand CEO
Fundamental changes happened in the global industrial landscape in recent years as electrification and geopolitical conflicts arose. Volkswagen brand CEO Thomas Shafer raised a concern...
Friday 18 November 2022
Porsche invests in quantum computing as auto industry sees diverse application potentials
Canada-based startup Xanadu has raised US$100 million in Series C to build a fault-tolerant photonic quantum computer capable of reaching a million qubits, backed by Canada's largest...
Tuesday 8 November 2022
Sunwoda to provide EV batteries to Volkswagen's HEV
China-based battery maker Sunwoda announced a partnership with Volkswagen for EV batteries, marking its first entry into the European carmaker's supply chain, and highlighting the...
Tuesday 1 November 2022
Tier 0.5 to rise as new trend amid car supply chain restructuring
With the electronic/electrical architecture (EEA) gaining application momentum in the development of intelligent vehicles, the automotive supply chain is also being restructured,...
Friday 28 October 2022
EU strikes deal to ban new ICE vehicles sale from 2035
The European Council and European Parliament reached a provisional deal on October 27 to lower new car emissions and achieve a zero level in 2035. The planned law will terminate new...