Exclusive: New EV maker Fisker Inc in talks for platform sharing, expects India to become its bigger of the tech development bases outside USA

Fisker Inc.’s Hyderabad-based tech centre has already started delivering software for the Ocean SUV. Mumbai: Elon Musk is yet to embark on his India project for the manufacturing of Tesla’s world-leading electric cars here. But, the new entrant to the global electric vehicle (EV) market, Henrik Fisker, and his California-based Fisker Inc, which will roll… Continue reading Exclusive: New EV maker Fisker Inc in talks for platform sharing, expects India to become its bigger of the tech development bases outside USA

Chinese battery giant CATL’s profit jumps as it ramps up output

SHANGHAI (Reuters) — China’s CATL 300750.SZ, the world’s largest electric vehicle (EV) battery maker, said on Friday its third-quarter profit nearly tripled year-on-year, buoyed by rapid expansion in production to power the growth of EVs worldwide. CATL, whose clients include Tesla TSLA.O, Volkswagen VOWG.DE and BMW BMWG.DE, booked a net profit of 9.4 billion yuan… Continue reading Chinese battery giant CATL’s profit jumps as it ramps up output

Treasury U-turns add further challenges for company car fleets

Fleet stakeholders are demanding urgent policy clarity from the government, claiming the policy U-turns of new chancellor Jeremy Hunt are fuelling uncertainty for company car drivers and fleet managers. Monday’s announcement reversed most of the tax changes set out in the ‘growth plan’ of former chancellor Kwasi Kwarteng less than a month ago, hoping to… Continue reading Treasury U-turns add further challenges for company car fleets

Automotive Interior Materials Market is expected to generate a revenue of USD 46.59 Billion by 2028, Globally, at 4.09% CAGR: Verified Market Research®

The growing automotive industry in emerging economies, as well as a growing emphasis on vehicle weight reduction to improve fuel efficiency, are expected to drive the Automotive Interior Materials Market over the forecast years. JERSEY CITY, N.J., Oct. 21, 2022 /PRNewswire/ — Verified Market Research recently published a report, “Automotive Interior Materials Market” By Product… Continue reading Automotive Interior Materials Market is expected to generate a revenue of USD 46.59 Billion by 2028, Globally, at 4.09% CAGR: Verified Market Research®

China Overseas LiDAR Industry Research Report 2022 Featuring Overseas Models Equipped with LiDAR – Honda Legend EX, BMW 7 Series, Mercedes-Benz EQS, Toyota Mirai, & Volkswagen ID.BUZZ

DUBLIN, Oct. 21, 2022 /PRNewswire/ — The “Overseas LiDAR Industry Research Report, 2022” report has been added to  ResearchAndMarkets.com’s offering. LiDAR Research: Perception Algorithms Become the Layout Focus of Foreign Vendors Amid a variety of technology routes in parallel, rotating mirror and flash solutions are adopted most widely during OEM mass production. LiDAR technology routes… Continue reading China Overseas LiDAR Industry Research Report 2022 Featuring Overseas Models Equipped with LiDAR – Honda Legend EX, BMW 7 Series, Mercedes-Benz EQS, Toyota Mirai, & Volkswagen ID.BUZZ

India’s economy lighting up on peak festive season demand

This year’s Diwali, the festival of lights that falls on Oct. 24 and the equivalent of Christmas in the West, will be India’s first season of celebration since the pandemic began without virus-related restrictions. Indian shoppers are back in force online and in stores, splurging this festive season after the coronavirus pandemic damped celebrations and… Continue reading India’s economy lighting up on peak festive season demand

Automakers to double spending on EVs, batteries to $1.2 trillion by 2030

Automakers have forecast plans to build 54 million battery electric vehicles in 2030, representing more than 50% of total vehicle production, according to the analysis. By Paul Lienert The world’s top automakers are planning to spend nearly $1.2 trillion through 2030 to develop and produce millions of electric vehicles, along with the batteries and raw… Continue reading Automakers to double spending on EVs, batteries to $1.2 trillion by 2030

Isotta Fraschini Aiming For Spa WEC Debut In 2023 – Dailysportscar

Isotta Fraschini has finally broken cover with their LMH designed by Michelotto and have confirmed their current plan is to debut the car at the Spa 6 Hours in the Hypercar of the 2023 FIA World Endurance Championship. As reported exclusively by DSC in May, the historic and now revived Italian marque has been developing… Continue reading Isotta Fraschini Aiming For Spa WEC Debut In 2023 – Dailysportscar

German Handelsblatt: Electromobility: Race for the best car battery: Porsche is building the “smallest gigafactory in the world”005455

Der Porsche AG geht es gut. Der jüngst erfolgte Börsengang ist gelungen, nach einem durchwachsenen ersten Halbjahr befindet sich der Sportwagenbauer geschäftlich wieder im Aufwärtstrend. Porsche geht es sogar so gut, dass die Beschäftigten bis zu 3000 Euro Prämie im Nachgang des IPO erhalten sollen. Und auch für Investitionen ist Geld da: Die Zuffenhausener weiten… Continue reading German Handelsblatt: Electromobility: Race for the best car battery: Porsche is building the “smallest gigafactory in the world”005455

German Manager Magazin: Cupra: Seat boss Wayne Griffiths sees himself as a winner of the crisis002091

The boss was joking. “Our Cupra customers average around 40 years old,” said Wayne Griffiths. “I drive a Cupra Formentor myself. I’m not 40 anymore, but I try to at least look like it.” Bleached undercut, sporty jacket, tight jeans, sneakers – that’s how he covered his 56 years when he appeared in Nürtingen on… Continue reading German Manager Magazin: Cupra: Seat boss Wayne Griffiths sees himself as a winner of the crisis002091