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Auto · 28 Apr 2022
Volkswagen China Shuts Two Plants In Tianjin Due To COVID-19 Outbreaks
Due to the recent COVID-19 outbreaks both the FAW-VW vehicle plant and VW Automatic Transmission Tianjin component factory have been shut down since Monday.
Auto · 28 Apr 2022
Mobileye, Zeekr Aim For Self-Driving Car In China In 2024
Mobileye plans to work with Geely Holding-backed Zeekr to launch in China what the companies claim will be the world's first mostly self-driving car in 2024.
Auto · 28 Apr 2022
UK Self-Driving Startup Wayve Raises $200 Million To Scale Up Technology
The Series B funding round brings the startup's total fundraising to $258 million and includes new investments from venture capital firms D1 Capital Partners, Moore Strategic Ventures and…
Auto · 28 Apr 2022
Hyundai Motor Expects Vehicle Production To Rebound In H1 As Chip Supply Improves
The shortage will continue in the first quarter due to the spread of the Omicron variant, Seo said, adding it was the prolonged COVID-19 pandemic in Southeast Asia…
Auto · 28 Apr 2022
Cybertrucks, New Factories In Focus As Tesla Set To Report Record Earnings
Chief Executive Officer Elon Musk promises an updated product roadmap on Wednesday, with eyes on the time frames for the launch of Cybertruck and a hoped-for $25,000 electric…
Auto · 28 Apr 2022
LG Energy Solution, GM To Build $2.1 Billion Battery Factory In U.S.
LGES and GM are expected to fund the project equally via Ultium Cells, their U.S.-based battery joint venture.
Auto · 28 Apr 2022
Oil Hits Highest Since 2014 On Russia-Ukraine Tension
Brent crude rose 1.6% while U.S. West Texas Intermediate (WTI) crude was up 1.3%.
Auto · 28 Apr 2022
Hero MotoCorp Hands Over Destini Scooters To The Directorate Of Indian Army Veterans
As part of its CR program, Hero MotoCorp has handed over 125 retrofitted Destini scooters to the Indian Army soldiers disabled in the line of duty.
Auto · 28 Apr 2022
Chip Supplier ASML Forecasts Strong 2022 Despite Fire Hit
ASML said it would continue to struggle to meet demand this year, and forecast first-quarter sales of 3.3-3.5 billion euros.
Auto · 28 Apr 2022
New TVS NTorq XT Variant Teased, Launch Likely In May
TVS is known to update its models regularly, keeping them relevant in the market, and the new NTorq XT will join the Race Edition, Super Squad Edition and…