ISTANBUL — Turkey’s auto industry is stepping up efforts to keep pace with the global shift toward electric vehicles as the European Union, its main overseas market, tightens restrictions on gasoline-powered cars. Ford Motor’s joint venture in Turkey plans to spend 2 billion euros ($2.3 billion) to start production of electric commercial vans in 2023.… Continue reading Turkish auto industry shifts to EVs as EU tightens CO2 rules
Tag: Electric vehicles
Tesla set to capture $390m in China’s carbon market
BEIJING — Tesla is expected to earn about $390 million this year from automobile emissions credits in China, while Volkswagen looks to be the biggest loser in the carbon trading scheme. Automakers and auto importers operating in China are required to manufacture and sell a certain ratio of new-energy vehicles, which include electric cars and… Continue reading Tesla set to capture $390m in China’s carbon market
Prized EV metal sparks Nippon Steel lawsuit against top buyer Toyota
TOKYO — With its lawsuits announced Thursday, Nippon Steel has mounted a defense of a patented material in demand for electrified vehicles, going as far as taking top customer Toyota Motor to court. Japan’s top steelmaker accuses China’s Baoshan Iron & Steel of supplying steel that infringes on its patent to Toyota, saying the automaker is… Continue reading Prized EV metal sparks Nippon Steel lawsuit against top buyer Toyota
Tesla rolls out Safety Score-based insurance product in Texas
Tesla is now selling insurance to customers in Texas, two years after first launching the offering in its now-former home state of California. But the version in Texas is different. The company says it will evaluate driving behavior in real-time using the “Safety Score” feature that it recently launched to screen drivers who want to… Continue reading Tesla rolls out Safety Score-based insurance product in Texas
World NM: Africa emerging as car making hub 15.10.2021001605
Morocco is an emerging automotive manufacturing hub, while South Africa has a history of car making. In September, Stellantis — created in January 2021 after a merger of Fiat Chrysler and PSA — announced that its supermini electric car Opel Rocks-e would be produced at the PSA plant in Kenitra. This will make it difficult… Continue reading World NM: Africa emerging as car making hub
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WeRide unveils China’s first Level 4 self-driving cargo van, WeRide Robovan in cooperation with Jiangling Motors and ZTO Express for smart urban logistics
Today, Tony Han, the Founder and CEO of WeRide, signed a strategic cooperation agreement with Wenhui Jin, Executive Vice President of JMC and Renqun Jin, Vice President of ZTO Express during WeRide’s latest web live Press Conference “The Next”. Combining the three companies’ expertise in technology, product innovation and commercialization, they will jointly undertake Robovan’s… Continue reading WeRide unveils China’s first Level 4 self-driving cargo van, WeRide Robovan in cooperation with Jiangling Motors and ZTO Express for smart urban logistics
Lucid Announces Canadian Pricing for Luxury EV Lineup, with Lucid Air Starting at $105,000 CAD; Opens First Canadian Studio Location, in Vancouver
Lucid also announced that its newest retail location – the Lucid Studio at CF Pacific Centre in Vancouver, B.C. – will open its doors to customers on Saturday, October 16. While at the Lucid Studio, visitors can experience the Lucid Air and learn more about the full lineup. This location, the 10th in a growing… Continue reading Lucid Announces Canadian Pricing for Luxury EV Lineup, with Lucid Air Starting at $105,000 CAD; Opens First Canadian Studio Location, in Vancouver
Tata Power looking to raise $500 million for renewables unit
Tata Power Tata Power is in talks with large pension and sovereign asset managers, including Canada Pension Plan Invest Board (CPPIB) and Government of Singapore Investment Corp. (GIC), to raise at least $500 million ahead of a planned initial public offering (IPO) by its renewable energy unit. Negotiations are entering the formal stage just after… Continue reading Tata Power looking to raise $500 million for renewables unit
New Ineos Grenadier to launch in July 2022 at £48,000 – Autocar
Ineos is ramping up to launch its Grenadier in the UK in July 2022, priced from around £48,000, and has detailed its UK retail strategy as it prepares to open pre-reservations tomorrow (30 September). That entry price is for the two-seat version of the commercial Grenadier (including VAT), which will be sold alongside a five-seat crew-cab commercial… Continue reading New Ineos Grenadier to launch in July 2022 at £48,000 – Autocar
@niche: Electrify your day with a personal invitation to experience the AC Cobra Series 1 electric001317
AC Cars is hard at work electrifying its range of classic AC Cobra super cars and other models. That’s not news – a series of announcements from the company in recent months has shown the development of the latest pollution-free and near silent AC models. However, until now very few people outside the AC team… Continue reading @niche: Electrify your day with a personal invitation to experience the AC Cobra Series 1 electric001317