According to foreign media reports, the U.S. Department of Justice said that on March 19, Hino Motors, a subsidiary of Toyota Motors, pleaded guilty to its years-long emission fraud in the United States and had to pay a $1.6 billion fine. District Court Judge Mark Goldsmith of Detroit, U.S. District Court accepted Hino Automobile’s plea and sentenced the company to a fine of $521.76 million, while banning Hino Automobile from importing its diesel engines to the United States for five years. At the same time, the court also made a judgment to confiscate the company’s $1.087 […]
According to foreign media reports, on March 19, South Korean battery maker SK On announced that it had signed a battery supply contract with Japanese automaker Nissan. Nissan thus became SK On’s first Japanese automaker customer. SK On’s contract with Nissan is six years, starting from 2028 to 2033. During this period, SK On will supply Nissan with a total of 99.4 GWh batteries, which roughly meets the battery needs of about 1 million mid-sized electric vehicles. The batteries supplied by SK On for Nissan are […]
According to foreign media reports, in February, as hybrid cars boosted international market demand, South Korea’s automobile exports soared to an all-time high. The South Korean auto industry has shown extraordinary resilience as the United States introduces worrisome tariffs, with its output and domestic sales also rising significantly. According to the latest report from the Ministry of Industry, Trade and Resources of South Korea, in February, South Korea’s automobile production increased by 17.1% year-on-year to 352,000 vehicles, the first time that the monthly production of South Korea’s automobiles exceeded 350,000 vehicles in more than a […]
According to foreign media reports, on March 18, the California Public Utilities Commission (CPUC) approved Tesla’s online ride-hailing service license application, which allows the company to own and manage a fleet and transport employees on pre-arranged itineraries. It is reported that the electric car maker needs to obtain a series of approvals to launch the driverless taxi service promised in California, and Tesla has approved the first license this time. The license is just a prerequisite for applying to operate a self-driving online ride-hailing service in California. A […]
According to foreign media reports, German corporate giant Thyssenkrupp recently stated that due to the long-term downturn in the automotive industry, which supplies parts, the company plans to lay off about 1,800 employees, making Thyssenkrupp the latest company in the automotive industry to lay off employees. As of the end of September 2024, ThyssenKrupp’s automotive technology department hired more than 31,000 employees, with layoffs accounting for about 5.8% of them. ThyssenKrupp will also suspend recruitment, especially positions above a specific salary level, on the grounds that “the continued severe market situation in the […]
According to foreign media reports, Morgan Stanley recently reiterated that it listed Tesla as its first choice for U.S. auto stocks, saying that even if the company’s core electric vehicle business is not going well, its efforts in the fields of artificial intelligence and robotics may also drive the company to grow. The news pushed Tesla’s stock price to rise by 2%. The report comes from Morgan Stanley analyst Adam Jonas, who has long been optimistic about Tesla. Despite pressure on Tesla’s auto sales due to high U.S. borrowing costs and fierce competition from Chinese […]