With Beijing’s policymakers and regulators intent on transitioning from fossil fuel powered vehicles to more electric vehicles, China is set to become the automotive powerhouses in the world. In a development aimed at accelerating the adoption of electric vehicles, automakers from across the globe are planning a $300 billion surge in their spending on electric…
Tesla’s Shanghai Gigafactory is of strategic importance to the electric carmaker given that Chinese authorities are aiming to have only EVs plying around in the country by 2030. On Monday, Tesla Inc’s CEO, Elon Musk stated, the electric carmaker will break ground for its Shanghai Gigafactory where it will commence the production of its mass…
Norway is pushing to end the sales of fossil-fuel powered vehicles by 2025. In a development that underscores the real potential of the EV market, nearly a third of all new cars sold in Norway in 2018 were pure electric. This new world record and milestone comes as Norway strives to end sales of…
All 3 Chinese startups will base themselves on Nvidia’s Xavier platform which will allow them to add specific software to adapt their vehicles to local traffic and infrastructure situations. On Wednesday, U.S. chipmaker Nvidia Corp’s CEO Jensen Huang stated, the chipmaker has signed separate deals with 3 Chinese electric vehicle startups, SF Motors, XPeng Motors…
The development underscores VW’s near-long term strategy post 2020. Volkswagen’s Chief Executive Herbert Diess told Automotive News, the carmaker is likely to build up to 50 million electric cars on its new electric vehicle platform. VW is also looking to expand its manufacturing footprint in the United States. “We set up the plant in Chattanooga…
This second investment by Hyundai Motor Co in Grab underscores the strategic growing relations between the two firms and has long term implications. In a development that marks Hyundai Motor Co’s growing confidence on Uber, the carmaker has, once again, invested Singapore’s ride hailing firm Grab. Hyundai Motor Co’s investment of $250 million in Grab…
IKEA Group to aims to provide all of its deliveries vide EV or zero emission vehicles by 2025. On Friday, IKEA Group, the owner of most IKEA stores worldwide, stated, all of its home deliveries in the inner cities of Paris, Amsterdam, New York, Los Angeles, and Shanghai would be made by electric vehicles or…
companies in the conglomerate are set to form joint ventures that will see them develop solutions for separate components of self-driving technologies. On Monday, four companies from the Toyota Motor Corp stated they would form a joint venture to develop software that manages components for self-driving technology including brakes, steering and others. In a joint…
With Uber Technologies facing a potential ban in Britain, Ola could gain the upper hand. On Tuesday, Ola, India’s ride-hailing firm stated it plans on expanding its area of operations to Britain this year following a launch of its services in Australia. In a statement, Ola said, it had obtained licenses to begin operations in…
The collaboration is aimed at building next-gen purpose-built electric-vehicles for Didi’s services. On Tuesday, China’s Didi Chuxing, a ride-sharing company, disclosed it has signed an agreement with German automotive supplier Continental AG to co-develop connected vehicles and design purpose-built electric vehicles (EVs) for Didi’s services. “Based on DiDi’s practical experience on mobility as well as…
business-gurus.com 