Egypt has ordered a state-owned company to work with a Chinese firm to build affordable electric vehicles priced at 315,000 Egyptian pounds ($20,000). It previously set a target to have only electric vehicles in operation by 2040. The government has set a target of having at least 3,000 charging stations installed within the next three years. Go… Continue reading World NM: Egypt to build $20k electric vehicle in collaboration with Chinese firm001680
Author: World_Newz Mon
World NM: Cellforce Will Set Up Battery Factory Near Stuttgart, Will Serve Porsche001679
Cellforce, the joint venture between Porsche and Customcells, has announced it has chosen the location for its upcoming factory. It will be positioned in Germany, near Stuttgart, and it will make high-performance battery cells. The constrution of the factory starts next year. Once the production facility is finalized and running, it will initially produce battery… Continue reading World NM: Cellforce Will Set Up Battery Factory Near Stuttgart, Will Serve Porsche001679
World NM: Trudeau directs senior ministers to combat U.S. protectionism001678
Amid escalating trade tensions with the United States, Prime Minister Justin Trudeau on Thursday directed his Cabinet to address rising fears about President Joe Biden’s America-first policies. The prime minister’s letter to Freeland also instructs her to follow through on the Liberal vows to introduce a suite of new taxes on wealthy — from a… Continue reading World NM: Trudeau directs senior ministers to combat U.S. protectionism001678
World NM: Electric car firm Canoo drops plans to manufacture vehicles in Born001676
The Canoo minibus won’t be built in Born. Photo: Canoo handout American electric car maker Canoo has pulled out of plans to build vehicles at the VDL Nedcar plant in Born, Limburg. Canoo chief executive Tony Aquila said in a statement on Wednesday that the company would rather invest in ‘creating American jobs and innovation’.… Continue reading World NM: Electric car firm Canoo drops plans to manufacture vehicles in Born001676
World NM: Hyundai Ends Year as World’s Most Celebrated Automaker001676
Hyundai won six of the 10 most prestigious automotive awards in North America and Europe this year, more than any other automaker in the world, the company said on Wednesday. It was the first time that Germany — an auto manufacturing powerhouse — selected a Korean brand as its best car. British automobile magazine Top Gear… Continue reading World NM: Hyundai Ends Year as World’s Most Celebrated Automaker001676
World NM: SiEngine reveals first smart cockpit chip001675
The launch of the new system-on-a-chip (SoC) named DragonHawk 1, which will be made by Taiwan chipmaker TSMC using its 7-nanometer manufacturing technology, comes as a global semiconductor crunch wreaks havoc on the automotive sector with many carmakers cutting their outlook for deliveries. Wang laid out a product development roadmap, under which SiEngine will launch… Continue reading World NM: SiEngine reveals first smart cockpit chip001675
World NM: GM Invests $51 Million to Support Drive Unit Castings for the Chevrolet Silverado EV001671
Let’s be frank here for a moment. The Hummer and Lyriq aren’t within the reach of many, which is why GM intends to launch the Silverado EV for the 2023 model year. To be manufactured in Michigan at Factory Zero, the half-ton workhorse will share the BEV3 platform with the Hummer. (continue reading…) Go to… Continue reading World NM: GM Invests $51 Million to Support Drive Unit Castings for the Chevrolet Silverado EV001671
World NM: VW CEO Herbert Diess Shows Good Mood After Manager Meeting, Company Is Doing Well001661
Last week, Volkswagen’s top management had a meeting behind closed doors, and one of the topics that were discussed was keeping Herbert Diess as CEO despite clashes with union representatives. The company’s executives also talked about their five-year investment plan, along with the future of the Wolfsburg plan… (continue reading…) Go to Source
World NM: Indian CARS24 raises $20m from the Commercial Bank of Dubai001661
India-based automotive e-commerce platform CARS24 raised 75 million dirham ($20 million) in local debt funding from the Commercial Bank of Dubai. The debt funding fuels the company’s operational expansion in the UAE and provides it with significant funding flexibility, Wamda reported. The funding came following CARS24 ‘s $450 million funding round last September, and its announcement… Continue reading World NM: Indian CARS24 raises $20m from the Commercial Bank of Dubai001661
World NM: Memo From Elon Musk Asks Tesla Employees to Stop Rushing Deliveries001659
While vehicle deliveries were delayed for most brands throughout 2021 due to the chip shortage and other issues, a recent memo from Elon Musk stands out as being unusual. Tesla’s CEO urged company employees to stop rushing orders to obtain record deliveries and focus on reducing costs instead. Last year, Tesla Motors delivered almost 500,000… Continue reading World NM: Memo From Elon Musk Asks Tesla Employees to Stop Rushing Deliveries001659