Thailand has approved a series of incentives to strongly advocate joint ventures between domestic and foreign companies to produce auto parts, the Board of Investment (BOI) said on August 8, Reuters reported. The BOI said that new joint ventures, as well as existing parts manufacturers that already enjoy incentives but are in the […]
On Aug. 8, South Korea’s environment ministry said it plans to hold an emergency meeting next week to discuss fires involving electric vehicles, including fires that cause widespread damage, and to develop preventive measures against such accidents, Reuters reported. Korea’s Ministry of Land, Infrastructure, Transport and Tourism and […]
According to a new report, the UK is in the top 10 globally for innovation in three key technology areas – automotive, artificial intelligence and telecoms. However, the country is still lagging behind global leaders, suggesting that the UK government needs to do more to close the gap with […]
August 9, 2024, Shenzhen BYD held a grand press conference in Shenzhen today, announcing that its first model equipped with laser radar is officially launched. This news marks BYD’s important progress in the field of intelligent driving and brings new changes to the automotive industry. Breakthrough in laser radar technology The new model is […]
The National Transportation Safety Board (NTSB) has said that the agency is investigating a recent accident that occurred on the evening of August 5 in Belle Glade, Florida, when an SUV drove into a canal, killing at least nine people, including six children, according to foreign media […]
August 7, 2024 – Rivian Automotive Inc., the electric vehicle (EV) manufacturer, has announced a notable increase in revenue for the second quarter of 2024, demonstrating strong business performance amid a rapidly growing market. The company also reaffirmed its full-year production and profitability outlook, signaling confidence in its ongoing operations and future growth. Rivian’s […]