Stephan Winkelmann, CEO of the Lamborghini brand under the Volkswagen Group, said that the company will continue to produce cars in Italy and plans to launch its first electric model in 2029 because the electric luxury sports car market is not yet mature and cannot be fully electrified. Lamborghini has previously stated that its first […]
Average lithium-ion battery pack prices have fallen by the most in seven years, a survey shows, which is likely to accelerate the process of achieving parity between electric vehicles and gasoline-powered vehicles. The survey shows that the cost of battery packs fell by 20% to $115 per kilowatt-hour in 2024. The survey pointed out that […]
According to foreign media reports, with Toyota’s factory in Kentucky in the United States, it has received nearly $ 1 billion in funds that the company is preparing to produce its first three -row electric SUV in the United States. However, the new models will not be as […]
According to foreign media reports, electric truck manufacturer Nikola confirmed that the company will carry out a new round of layoffs. Nikola is currently in great financial trouble, and the hydrogen-powered truck manufacturer is making a last-ditch effort to avoid bankruptcy. More than two years ago, Nikola’s founder and former CEO was convicted of fraud […]
Sona Comstar, a leading Indian auto parts manufacturer, is accelerating its internationalization strategy and actively negotiating with automakers in China, Japan and South Korea to provide high-performance parts for electric vehicles (EV), hybrid electric vehicles (HEV) and internal combustion engine vehicles (ICE) to these markets. The company hopes to take this opportunity to further expand […]
According to Reuters, on December 11, Frank Sell, deputy chairman and key mobile solution department of Bosch, the world’s largest automotive parts supplier Bosch, said the company’s recently announced a series of layoff plans, It has forced Germany to face risks for about “8,000 to 10,000” jobs. It is […]