STELLANTIS NV
Canada prepares potential tariffs on Chinese EVs after US and EU moves
Canada prepares new tariffs on Chinese electric vehicles to align with US and EU actions. Pressure on Trudeau to follow Biden's lead. Concerns over China's overproduction of EVs. Ontario Premier calls for matching tariffs to protect Canadian jobs.
Long-range EVs now cost less than the average new car in the US
The automotive industry in the US is experiencing a competitive phase in the electric vehicle market, leading to EVs with over 300 miles of range being cheaper than gas-powered cars for American buyers.
EV ride-hailer BluSmart seeks $300 million to expand car fleet
BluSmart, India’s top electric cab operator, aims to raise $300 million to expand its fleet with cars from top manufacturers, targeting major cities for premium service. The company focuses on electrification and sustainability efforts in India, with plans to double revenue by 2025.
Tariffs and timidity are driving US carmakers into a ditch
Biden's Inflation Reduction Act aims to boost the economy and shift to zero-emission cars. Ford, GM struggle with EV targets. Tesla cuts workforce, US EV sales rise modestly. Biden plans tariffs on Chinese clean tech, facing challenges ahead.
Wireless charging for electric cars is inching closer to reality
Wireless EV charging allows plug-in cars to charge without cords. It uses magnetic resonance and a charging pad, similar to wireless phone charging. Challenges include slow charging speeds and lack of infrastructure. However, the future of wireless charging looks promising with ongoing developments and interest from major automakers like Tesla.
No one wants used EVs, making new ones a tougher sell too
Part of the problem is that the industry is handling secondhand EVs for the first time. While combustion-engine cars can be quickly valued via their age and mileage, there are no tests in widespread use that determine the quality of a battery.
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GM hit with more strikes while Stellantis reaches deal with UAW
Union workers walked out of GM plants in Spring Hill, Tennessee, on Saturday evening as negotiations with the automaker faltered. An assembly plant there makes mid-size SUVs and the Cadillac Lyriq electric vehicle, along with engine and metal-stamping operations.
Samsung, Stellantis choose Indiana in US for second joint EV battery plant
With their second joint battery factory, the two companies would have a combined annual production capacity of 67 gigawatt hours (GWh) at the Indiana production site, Samsung said in a statement
Samsung SDI to invest $2 billion for second battery plant in US with Stellantis
Samsung said in a regulatory filing that it plans to execute the investment starting next April to November 2027.
UAW launches strike: Key Demands, Talks, Politics, Economy, Impact and all you want to know
The UAW's decision to simultaneously target all three major automakers in a coordinated strike represents a significant moment in the union's history. This action reflects a broader trend of labor activism gaining momentum across various sectors of the U.S. economy.
How ‘Just-in-Time’ manufacturing is reasserting itself globally
In most industries worldwide outside of aerospace manufacturing, the supply chains are almost back to normal and their conditions are further improving. But many companies have suddenly realised they have too much inventory and are now de-stocking.
Tata seeks partnerships for UK battery plant to supply Jaguar Land Rover EVs
“If you look at the startups that are working in this space, they are at the forefront of technology,” Tata Motors Group Chief Financial Officer P.B. Balaji said in an interview in Mumbai. “It’s a melange of opportunities. We are speaking to a host of them,” he said.
War, AI and climate change shake up $32 trillion in global trade
A transformation in world trade today is being led various unrelated factors including Artificial Intelligence, the Ukraine-Russia war, and climate change.
Chile's lithium nationalisation plans to get a fillip from new extraction technology
Direct lithium extraction technologies are designed to extract the metal from salty brines in Chile's Atacama Desert and elsewhere in the world using filters, membranes, ceramic beads or other equipment that can typically be housed in a small warehouse.
Panic over metals for EVs goes all the way to automakers’ C-Suites
For some years now, issues related with availability and costs of crucial battery materials have remained as critical concerns for EV makers
Sparks will fly in the Electric-Car trade war
This is not a textbook trade war: We’re a long way from the Trump-era threat of tariffs on European cars, and the Ukraine conflagration has pushed NATO allies closer. But we’re also a long way from a new era of multilateralism under Biden.
Tesla turns up heat on rivals with global price cuts
The move marks a reversal from the automaker's strategy over the last two years when new vehicle orders exceeded supply. It comes after CEO Elon Musk warned that the prospect of recession and higher interest rates meant it could lower prices to sustain growth at the expense of profit.
Tesla stock had the worst year ever. That doesn't make it cheap
Even after this year's record 65% drop, the electric-car maker's meteoric surge during 2020 and 2021 has left it with stock-market value of $389 billion, more than Toyota Motor Corp., General Motors, Stellantis NV and Ford Motor. combined.
Ferrari backer, Qualcomm invests $24 mn in EV bike maker Ultraviolette
The funds from Lingrotto and from Qualcomm will be deployed towards ramping up the company’s presence in India, subsequent expansion in international markets as well as strengthening the brand’s technological capabilities and prowess.
Advertisers react to Twitter's new ownership
Advertisers are grappling with Twitter's new ownership under Tesla boss Elon Musk, who once tweeted "I hate advertising".
Fiat wins EU top court fight over tax bill
The EU Court of Justice annulled the European Commission's decision in a binding judgment on Tuesday, saying that its analysis was "erroneous."
Advertisers react to Twitter's new ownership
Advertisers are grappling with Twitter's new ownership under Tesla boss Elon Musk, who once tweeted "I hate advertising".
Rail strike threat dredges up new fears of US supply chain havoc
The risk of a work stoppage has producers of everything from airplanes and autos to diapers girding for yet another shock that will only add to the supply-chain chaos, inflation and labor shortages that they’ve contended with for the last two years.
Biden highlights Hyundai announcement of $10B US investment
The major U.S. investment by a South Korean company is a reflection of how the U.S. and South Korea are leveraging their longstanding military ties into a broader economic partnership. Biden said he was not concerned about any possible provocation by North Korea while he is touring the region. Biden's meeting on Sunday with Hyundai's chief comes after the president made an earlier stop at a computer chip plant run by Samsung, the Korean electronics giant that plans to build a $17 billion production facility in Texas.
Will stay on at Tesla as long as I can be useful, says Elon Musk
The tech billionaire stated that the company is open to buying a mining company if producing its own supply of electric vehicle (EV) metals helps to accelerate the global adoption of clean energy technology.
South Korea's LG Energy Solution plans US battery JV with Honda: Report
The potential battery JV between LGES and Honda could cost as much as 4 trillion won ($3.4 billion) and have an annual production capacity of up to 40 gigawatt hours (GWh) of batteries, enough to power 600,000 electric vehicles (EVs), the newspaper reported. The report did not have details, such as the timeline of when the JV would be built and begin operations.
Rivian stock skids as legacy automakers rev up EV targets
Rivian's stock has slumped about 14% since the start of Wednesday, when Amazon.com Inc, one of Rivian's biggest investors, said it teamed up with carmaker Stellantis NV .
Automakers to battle chip crisis for years
Since late last year, the chip shortage hasn’t let up, prompting vehicle production to plummet even below levels of last year when the pandemic kept buyers away from showrooms.
View: What carmakers need to tell you about their electric plans
With the onset of electric cars and autonomous vehicles, companies are increasing their focus on technology and technical know-how over the traditional nuts and bolts of putting vehicles together. But it’s hard to see this in their financial statements.
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