(Reuters) — Fisker said on Monday it would pause production of its electric vehicles for six weeks and raise up to $150 million in funding by selling convertible notes after missing an interest payment, as the startup tries to navigate a cash crunch. The company added that none of its Ocean SUVs were produced in… Continue reading U.S. startup Fisker to pause EV production after missing interest payment
Author: Nikki News Feed
Nvidia deepens BYD ties as it taps China EV makers’ demand for AI
TAIPEI — U.S. chipmaker Nvidia is expanding its partnership with Chinese EV maker BYD to include AI training, auto manufacturing and in-car computing, even as the company is barred from selling some of its most powerful chips to China. BYD, the world’s top EV maker, will use the latest generation of Drive Thor, Nvidia’s next-generation in-vehicle computing… Continue reading Nvidia deepens BYD ties as it taps China EV makers’ demand for AI
Nvidia deepens BYD ties as it taps China EV makers’ demand for AI
TAIPEI — U.S. chipmaker Nvidia is expanding its partnership with Chinese EV maker BYD to include AI training, auto manufacturing and in-car computing, even as the company is barred from selling some of its most powerful chips to China. BYD, the world’s top EV maker, will use the latest generation of Drive Thor, Nvidia’s next-generation in-vehicle computing… Continue reading Nvidia deepens BYD ties as it taps China EV makers’ demand for AI
China vows to pull out all the stops for EV supply chain buildup
BEIJING/GUANGZHOU — The Chinese government plans to tap all the policy resources available to create a made-in-China electric vehicle supply chain, pressing three state-owned automakers to spend more on research and development. Business executives and senior government officials involved in EV policy announced plans that would support the growth of the industry at the annual… Continue reading China vows to pull out all the stops for EV supply chain buildup
China vows to pull out all the stops for EV supply chain buildup
BEIJING/GUANGZHOU — The Chinese government plans to tap all the policy resources available to create a made-in-China electric vehicle supply chain, pressing three state-owned automakers to spend more on research and development. Business executives and senior government officials involved in EV policy announced plans that would support the growth of the industry at the annual… Continue reading China vows to pull out all the stops for EV supply chain buildup
China vows to pull all the stops for EV supply chain buildup
BEIJING/GUANGZHOU — The Chinese government plans to tap all the policy resources available to create a made-in-China electric vehicle supply chain, pressing three state-owned automakers to spend more on research and development. Business executives and senior government officials involved in EV policy announced plans that would support the growth of the industry at the annual… Continue reading China vows to pull all the stops for EV supply chain buildup
Vietnam’s VinFast enters Africa EV market via Ghana distributor
HO CHI MINH CITY — VinFast has enlisted a company in Ghana to distribute its electric vehicles, offering the Vietnamese manufacturer a potential early-mover advantage as it looks to enter a fourth continent. The automaker owned by Vietnam’s richest man said late Friday that it will sell “electric cars, e-scooters, e-bikes and electric buses throughout… Continue reading Vietnam’s VinFast enters Africa EV market via Ghana distributor
Would-be EV partners Nissan, Honda can’t match Tesla’s capex firepower
TOKYO — One of the biggest factors driving the proposed partnership between Nissan Motor and Honda Motor is their struggle to catch up to younger rivals like Tesla in the speed and scale of investment. The two automakers have confirmed they are exploring ways to cooperate in EVs and automotive software. But even if Nissan and Honda were… Continue reading Would-be EV partners Nissan, Honda can’t match Tesla’s capex firepower
China’s EV, battery and chip firms seek bigger global reach
GUANGZHOU/BEIJING — When Chinese Premier Li Qiang delivered his high-profile speech at this month’s annual National People’s Congress, automobiles were mentioned no less than five times, underscoring how important the industry is to China’s economic prospects. Along with electric vehicles and other new energy vehicles (NEVs), EV batteries and semiconductors will determine economic growth. Three… Continue reading China’s EV, battery and chip firms seek bigger global reach
Tata Motors stock soars on EV dominance in India, Jaguar rebound
SINGAPORE — Major Indian automaker Tata Motors has seen its stock price boom this year on a strong recovery by subsidiary Jaguar Land Rover, as the company looks to bolster its already commanding lead in the domestic electric vehicle market. Tata Motors shares closed at 946.2 rupees on Friday. With the stock price having climbed 21.2% since the start of 2024, Tata’s… Continue reading Tata Motors stock soars on EV dominance in India, Jaguar rebound