This aligns with Toyota’s target to convert all Lexus models to EV by 2035. Go to Source
Author: Tech In Asia Online News
Israeli lidar firm secures $80m deal amid challenges
This agreement occurs amid cash flow challenges for Innoviz. Go to Source
Tesla recalls almost 700k vehicles in US
Tesla accounts for 21% of all US recalls this year, with most resolved through software updates instead of repairs. Go to Source
Tesla stock drops 5% amid sales slump, delays
This drop follows an 8% decrease on Wednesday, which marked the company’s worst trading day since the 2016 election. Go to Source
Tesla shares fall 8%, largest drop since November
Tesla’s shares have soared 75% since Election Day on November 5, 2024. Go to Source
CATL to build 1,000 EV battery swap stations by 2025
CATL’s EVOGO stations can complete a battery exchange in about 100 seconds. Go to Source
Kakao Mobility fined $10.5m for unfair taxi practices
Kakao Mobility is the operator of South Korea’s leading taxi-hailing service. Go to Source
Xpeng Huitian’s flying car makes debut in Shanghai
The flying car flew near iconic landmarks like the Shanghai Tower and Jin Mao Tower. Go to Source
Mitsubishi bets on power chips to regain market share
The company is projecting a 20% profit increase in this segment this fiscal year. Go to Source
CATL, Stellantis to build $4.3b EV battery plant in Spain
The Zaragoza plant will produce lithium iron phosphate batteries for mid-range EVs, set to commence in 2026. Go to Source