Toyota aims to sell more EVs than gasoline powered vehicles by 2025. On Wednesday, the head of Toyota Motor’s Lexus brand stated, the carmaker plans on launching its first all-battery electric vehicle in 2020. The development comes midst a race among luxury car brand to bring battery-operated cars in the market as they compete to…
Renault move is aimed at tapping China’s growing electric vehicles market. In a deal which sees French carmaker Renault taking a 50% stake, the carmaker has formed a joint venture partnership with China’s Jiangling Motors Corporation Group (JMCG) to target the Chinese electric vehicles (EV) market. In a statement Renault said, it would increase its…
FCA plans on launching the 500 BEV first in European markets. Production will commence in the second quarter of 2020. With Fiat Chrysler moving on following its failed bid to merge with France’s Renault, the carmaker announced it plans on investing $788 million (700 million euros) to create an electric makeover of its iconic Fiat…
Apex.AI aims to make the Robot Operating System (ROS) more robust and failproof so that it can be deployed in commercial self-driving vehicles. Palo Alto, California-based Apex.AI, a company which strives to make open-source self-driving software reliable enough to be commercially viable has hired Karl-Thomas Neumann, an industry veteran who has been the CEO of…
The statement from the CFO of the Bavarian carmaker puts to rest rumours of deepening its alliance with rival carmaker Daimler. On Tuesday, Nicolas Peter, BMW’s Chief Financial Officer (CFO) stated, it does not foresee a joint development with of a compact vehicle with a rival German carmaker. “We have no plans to develop a…
Carmakers are pushing to slash R&D costs related to the design of electric battery cells so as to bring down the cost of launching electric cars. In a strategic move aimed at slashing the cost of launching electric vehicles, Daimler’s chief of research and development, Ola Kaellenius, stated, it is open to collaborating with a…
The comparatively tiny Japanese automaker is facing a series of quality assurance related issues over rapid expansion in the U.S. In a significant development, Japan’s Subaru Corp stated it plans on recalling nearly 2.3 million vehicles globally over an issue with brake lights. This will be the automaker’s biggest-ever recall as it struggles with a…
Toyota Motor Corp showcased its automated safety technology “Guardian” as well as its full self-driving system – the “Chauffeur” at the annual CES at Las Vegas. As per a statement from Toyota Research Institute’s chief executive Gill Pratt, the carmaker’s automated safety technology “Guardian” will feature in its model “in the 2020s”. Pratt disclosed this…
This strategic investment aligns multiple sweet spots: in a single stroke Elon Musk is increasing Tesla’s footprint in China, the world’s biggest auto market, boosting production capacity and export potential while facing Chinese EV startups head-on. In a development that marks Tesla’s latest attempt to boost its footprint in China, as per a local business…
Tesla plans on localizing production in China, to beat trade war related worries, including import duties, for its vehicles. In a strategic development aimed at reducing the prices of Tesla’s vehicles, the luxury carmaker stated, it plans on producing nearly 3,000 Model 3s per week from its Shanghai plant during the initial phase of its…
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