LAHORE – Indus Motor achieved yet another milestone, celebrating the highest ever production and sales volumes in the month of March 2021. Consumer purchasing power was revitalised, and a reduction in interest rates led to increase in auto financing. IMC has enabled over 30 technical assistance agreements with local as well as global auto part… Continue reading World NM: Indus Motor makes history with highest production, sales001053
Author: World_Newz Mon
World NM: Kia’s March sales jump 19 pct on SUV popularity001051
Kia Corp., South Korea’s second-largest automaker, said Thursday its sales gained 19 percent last month from a year earlier on solid demand for SUVs. Kia’s compact SUV Sportage was the bestselling model, selling 29,505 units in the global market. Go to Source
World NM: Xiaomi to make smart electric cars, announces around $1.5 billion investment001043
Xiaomi conducted its major launch for the year today in its home country, launching its new foldable smartphone – the Mi MIX Fold. Amid the sling of products that debuted right after, an idea was shared by Xiaomi CEO Lei Jun that comes as a whole new endeavour for the company. Starting off, Xiaomi’s founder… Continue reading World NM: Xiaomi to make smart electric cars, announces around $1.5 billion investment001043
World NM: (News Focus) With looming chip shortage, Korean automakers set to face output cuts001041
A global semiconductor chip shortage is set to spill over into Korean automakers as well, raising concerns that a prolonged supply glitch may derail local carmakers off track amid the pandemic. Global carmakers such as General Motors Co. and Toyota Motor Corp. have temporarily shuttered or cut production at some of their plants as they… Continue reading World NM: (News Focus) With looming chip shortage, Korean automakers set to face output cuts001041
World NM: Korean automotive LED makers up presence in 2020 despite market decline: report001030
South Korea’s two major automotive light-emitting diode (LED) makers saw their revenues increase last year despite an overall market slump amid the pandemic, a report showed Friday. Samsung Electronics, which runs the LED business under its device solutions (DS) unit, logged a revenue of $71 million in 2020, up 18.3 percent from a year earlier,… Continue reading World NM: Korean automotive LED makers up presence in 2020 despite market decline: report001030
World NM: Hyundai to build own EV-charging stations in S. Korea001017
South Korean auto giant Hyundai Motor Group said Tuesday it will establish its own high-speed charging infrastructure under the brand name of “E-pit” for its electric models. Hyundai Motor Co. and Kia Corp., two key affiliates of the automotive group, plan to strengthen their EV lineup for a share in the rapidly growing EV market.… Continue reading World NM: Hyundai to build own EV-charging stations in S. Korea001017
World NM: Fisker Automotive’s flashy electrified cars never went mainstream. Its reincarnation wants to change that.001008
Karma Automotive formed after the bankruptcy of sustainable luxury company Fisker Automotive. Now, Karma’s taking that legacy into the mainstream. Go to Source
World NM: Chip Shortage Pressures Ford to Build F-150 Trucks Without Certain Modules001006
A major automaker such as the Ford Motor Company lives and dies by quarterly figures. In the middle of a semiconductor crisis, the Blue Oval decided to keep making F-150s and Edges “without certain parts, including electric modules that contain scarce semiconductors.” 31 photos The Dearborn-based automaker will build and hold trucks and crossovers for… Continue reading World NM: Chip Shortage Pressures Ford to Build F-150 Trucks Without Certain Modules001006
World NM: SK, Geely to jointly chip in for fund for mobility solutions001001
SK Holdings Co., the holding firm of the South Korean energy-to-telecom conglomerate. SK Holdings and Geely will each chip in $30 million for the proposed fund, and draw the rest to be financed from global investors, including European banks and Asian pension funds. SK Group has a portfolio ranging from semiconductors and batteries to energy… Continue reading World NM: SK, Geely to jointly chip in for fund for mobility solutions001001
World NM: Foxconn considers Mexico or Wisconsin for maiden electric-car plant000999
Foxconnwill decide between Mexico and Wisconsin for the site of its first electric-car plant this year, making a big bet on the nascent business, reported Bloomberg. Foxconn, the world’s largest assembler of iPhones, is hoping to replicate its smartphone success by building clients’ electric vehicles from the chassis on up. More sources Go to Source