Dec 31, 2020 11:30 AM WST
Daimler AG’s North American truck unit on Thursday agreed to pay a $30 million civil penalty from the National Highway Traffic Safety Administration (NHTSA) to resolve an investigation over delayed recalls. It’s the second time since 2019 the German automaker has agreed to settle a probe by U.S. auto safety regulators.
Dec 29, 2020 11:05 AM WST
China’s Sichuan Yahua Industrial Group Co Ltd said on Tuesday it had signed a deal to supply battery-grade lithium hydroxide to Tesla for the next five years. The deal would give Tesla a steady supply of lithium, a key ingredient for electric vehicle batteries in the world’s biggest auto market.
China to Reduce Tariffs on Imported Hydrogen Fuel Cell Components to Boost Development of the TechnologyDec 28, 2020 3:15 PM WST
China will lower tariffs on fuel cell-related components imported to the country in 2021 to promote development of the technology. The tariffs on imported fuel cell-related compressors, circulating pump and carbon electrodes will be cut to 5%, 2% and 5% respectively, from the current tariffs of 7%, 7% and 10%, according to a document the Customs Tariff Commission of the State Council issued this month.
Dec 23, 2020 9:55 AM WST
German automaker Mercedes Benz announced the next-generation "Mercedes Me" smartphone apps over the summer and the new apps are now available for download for both Android and iOS devices in the respective app stores. The updated Mercedes me apps offer an improved user experience and functionality, the automaker said.
Dec 21, 2020 12:30 PM WST
Mercedes Benz will reveal its new MBUX Hyperscreen dashboard display on Thursday, Jan 7 at 8:00 a.m. (EST) in an event open to CES media guests. The Hyperscreen display is a curved screen that extends along the entire width of the vehicle in front of the driver and front passenger. It will be an option for the upcoming EQS fully-electric sedan.
Lyft & Hyundai’s Joint Venture Motional to Launch a Fully Driverless Ride-Hailing Service in Major U.S. CitiesDec 16, 2020 11:30 AM WST
California ride hailing company Lyft is teaming up with Boston-based Motional on an autonomous ride-hailing service in major cities across the U.S., the companies announced on Wednesday. Motional’s self-driving vehicles will be integrated, operationalized and deployed on the Lyft network. The services will launch in 2023.
Dec 11, 2020 3:00 PM WST
Chinese electric vehicle startup NIO Inc. plans to issue another 60 million American depositary shares (ADSs). Each ADS represents one Class A ordinary share. The company intends to grant the underwriters in the ADS offering a 30-day option to purchase up to an additional 9 million ADSs. The company's share are listed on the NYSE under the symbol "NIO".
Hyundai Announces its Updated ‘Strategy 2025’, a Bold Plan Which Includes Supplying Up to 10% of the World’s EVsDec 10, 2020 4:30 PM WST
South Korean automaker Hyundai Motor Co announced its updated five-year plan called “Strategy 2025” that will transform the company into one of the world’s leading mobility providers and largest manufacturers of electric cars and hydrogen fuel cell powered vehicles. Hyundai aggressive plans include supplying 8-10% of the world’s electric vehicles by 2025.
Toyota Launches the Redesigned Mirai Fuel Cell Sedan, Reaffirming the Company’s Commitment to Hydrogen PowerDec 09, 2020 11:45 AM WST
On Wednesday, Toyota Motor Corp launched the completely redesigned hydrogen-powered Mirai sedan fuel cell electric vehicle (FCEV) and its available from Toyota dealers in Japan starting today. The redesigned Toyota Mirai sedan was first unveiled as a concept vehicle at the 2019 Tokyo Motor Show. At the event, Toyota provided an early glimpse of the advances it has made with the new Mirai, including technical design improvements, a longer range and a more spacious interior.
Electric Vehicle Startup Xpeng Motors Plans to Sell Another 40 Million American Depositary Shares as Investor Interest Remains HighDec 08, 2020 5:30 PM WST
Chinese electric vehicle startup Xpeng Motors plans to sell another 40 million American Depositary Shares (ADS) to the public, which represent 80 million Class A ordinary shares. The offering comes as companies developing electric vehicles and other related technology continue to be hot stocks for investors. Xpeng launched its U.S. IPO in August. The company’s shares are listed on the NYSE under the stock symbol "XPEV”.