On Monday, in a statement Qualcomm Inc said, it will supply a key chip for the dashboard of Renault SA’s new electric vehicle. Qualcomm, the world’s biggest supplier of key semiconductors in mobile phones, has expanded into vehicles with chips that can power dashboards and infotainment systems at the same time. Earlier this year Qualcomm Renault…
An executive from Huawei Technologies said, the company aims to develop driverless passenger car technology by 2025. The move sees the erstwhile Chinese telecom giant diversifying its business in the face of U.S. sanctions. “Our team’s goal is to reach true driverless passenger cars in 2025,” said Wang Jun, senior executive at Huawei’s smart vehicle…
An auto industry group in the United States has it warned that the shortage in the global semiconductor market is likely to result in 1.28 million fewer vehicles manufactured this year and disrupt production for the coming six months. In a written response to a government-initiated review, the Alliance for Auto Innovation said the U.S.…
On Monday, following Toyota Motor Corp opening its first commercial hydrogen fuel pump site in the Australian state of Victoria, it urged the government to encourage the rollout of more such sites across the country so as to boost the take-up of cleaner cars. Next month, Toyota is bringing in twenty of its Mirai hydrogen…
On Friday, in a statement Chinese autonomous driving startup Momenta said it has received $500 million from Toyota Motor, SAIC Motor, and Bosch; the move underscores the global auto industry’s push towards an autonomous future. Other investors in the funding round include Yunfeng Capital, Daimler AG, Tencent, Temasek, said Momenta in a statement without disclose…
In a significant development, the Volkswagen Group intends to more than double the market share of the VW brand in the fully electric vehicles market in Europe by 2030. The development marks an acceleration in the carmaker’s shift towards battery-powered cars. “Fully electric vehicles are expected to account for more than 70% of total European…
According to a source familiar with the matter at hand, Volkswagen is weighing options which includes listing of its luxury car division Porsche AG which will provide it sufficient liquidity towards electrification of its vehicles. “Those considerations exist,” said the source said while cautioning that they are still not being actively discussed in committees; any…
Mercedes-Benz has unveiled a new electric compact SUV, the EQA, as part of its plan to take on Tesla Inc; the move also sees the carmaker increase its lineup of emission-free vehicles as it races to meet targets in Europe and China. The EQA is the first of several electric models the company plans on…
On Friday, in a report Japanese news daily Yomiuri said, Nissan Motor plans on further cutting down its presence in the European car market; it plans on outsourcing the sales and manufacturing of its cars to Renault, its alliance partner. The move, part of its global turnaround plan, essentially reverses former chairman, Carlos Ghosn’s strategy…
On Friday, in a significant development, the Japanese government said it aims to eliminate gasoline-powered vehicles in the country in the next 15 years so as to reach net zero carbon emissions and generate nearly $2 trillion a year in green growth by 2050. The “green growth strategy,” sees an increased adoption of hydrogen in…
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