Geely-Backed ECARX to List on Nasdaq via $3.82 Billion Merger

ECARX Holdings, Inc., a Chinese mobility tech company, has entered into a merger agreement with COVA Acquisition Corp. and upon completion of the transaction expects to be listed on Nasdaq under ticker symbol “ECX”. The closing of the transaction is ...

BMW Creates Closed Recycling Loop for Batteries in China

The BMW Group has announced that it is establishing a closed-loop for the reuse of nickel, lithium, and cobalt from batteries no longer useful in electric cars. According to BMW, the cycle conserves resources and reduces CO2 emissions by ...

Nissan Unveils all-new Sakura Electric Minivehicle in the Metaverse

Nissan is unveiling the all-new Nissan Sakura electric minivehicle in the metaverse, following its physical debut at the company’s Global Headquarters. Fans can also take the Sakura for a spin in the metaverse at the Nissan Sakura Driving Island. The ...

Volkswagen and Mahindra Sign Partnering Agreement for MEB Electric Components

Volkswagen and India’s Mahindra & Mahindra Ltd. are exploring the use of MEB electric components for Mahindra’s new ‘Born Electric Platform’. Both parties announced that they have signed a Partnering Agreement to evaluate the scope of collaboration. Mahindra intends ...

LG Chem Develops Advanced Plastic Product to Prevent Spread of Flame in EV Batteries

South Korea’s LG Chem has developed a new plastic product for EV battery application that is capable of preventing the spread of flame in batteries, promising to deliver the longest fire-resistance performance in the world. The flame-retardant product is ...

Creating an Icon – President of ICONIQ Motors Presents His Vision

Its All About the Passenger Experience  New Game. New Players.  The Trillion-dollar E-Mobility Market   ICONIQ motors was established by Chinese entrepreneur Alan Wu in 2014 as a new energy automobile manufacturer brand. His vision was clear: to become a ...

Beijing Auto Show Launch For The World’s First Self-Learning SUV, The HiFi X

China’s Human Horizons, under its HiPhi brand, has announced that its premium all-electric vehicle, known initially by its prototype name HiPhi 1, will be renamed the HiPhi X. It will be launched at the 2020 Beijing Auto Show in ...

Subaru to Build Dedicated Japanese EV Factory in “Late 2020s”

Subaru has said that it plans to build its first dedicated electric vehicle factory in Japan in the late 2020s. The new electric vehicle factory is part of a $1.9 billion plan to respond to increasing demand for EVs ...

Why Nissan Has Doubled-Down on Formula E

Nissan’s Formula E Adventure Taking Control The Future of Racing “This season is improving compared to last year’s, but we know there is a gap compared to the top teams,” says Tommaso Volpe, General Manager of Nissan’s e.dams Formula ...

Beam Mobility: Shining a Light on Micro-Mobility in Asia Pacific

Keeping it Local Keeping Safe Beam Mobility is no stranger to Asia Pacific markets but, in spite of its experience in the region, the company is striving to learn more about where it operates and how it affects cities ...

Hyundai Motor Launches First Exclusive Metamobility NFT Collection, ‘Shooting Star’

Hyundai Motor Company will offer its first exclusive Metamobility Non-Fungible Token (NFT) collection, ‘Shooting Star,’ through its official NFT website, on May 9-10. Hyundai Motor is the first automaker to build a global NFT community. It will sell 10,000 official ...

ZEEKR: Geely’s Intelligent EV Brand Hits Chinese Roads

In October last year, at a special ceremony in ZEEKR’s Intelligent Factory in Ningbo, China, the first production-ready ZEEKR 001 rolled off the production line for the world to see. However, ZEEKR isn’t just another brand in Geely’s expansive portfolio, ...

‘Revolutionary’ EV Battery Technology – DESTEN’s CEO Interviewed

Four minutes and forty seconds to charge a sports car up to 80 percent of its battery capacity. That’s the claim of DESTEN – a Chinese company founded in 2015 – that develops what it calls ‘revolutionary’ lithium-ion batteries. Its ...

China Issues First Permits For Robotaxi Services in Beijing to Baidu & Pony.ai

China has issued Baidu and Pony.ai with permits to provide driverless ride-hailing services to the public on open roads in Beijing. This regulatory approval marks a significant milestone for the autonomous ride-hailing industry in China, indicating a regulatory openness to ...

The Elephant in the Room – Ensuring Fair, Sustainable Rubber Production with Kwik Fit’s PROJECT TREE

 The automotive industry is on a mission to make itself more sustainable. Automakers are crafting new forms of eco-friendly steel, for example, or creating e-fuels that produce no carbon dioxide and investing in new more abundant materials for batteries. However, ...

Pony.ai Becomes First Autonomous Driving Company to Receive a Taxi License in China

Pony.ai, a global autonomous driving technology company, has become the first and only autonomous driving (AD) company to obtain a taxi license in China. Pony.ai was awarded a permit to operate 100 autonomous vehicles as traditional taxis in Nansha, Guangzhou. ...

Ola Electric Recalls More Than 1,400 Electric Scooters

Ola Electric will recall 1,441 of its electric scooter models after one caught fire. A few weeks ago, one of the company’s scooters caught fire in India and prompted a government investigation into the incident. Similar fires have also ...

India’s Electric TukTuk Maker Gayam Motor Works Seeks to Go Public Via IPO or Merger

India’s Gayam Motor Works (GMW) says it’s planning on going public via special acquisition company SPAC merger or a traditional IPO. It’s also announced a $50 Million investment commitment from Luxembourg based GEM Global Yield LLC SCS.  GMW is ...

CATL Launches its First EVOGO Battery Swap Services in Xiamen, China

CATL has officially launched its EVOGO battery swap services in Xiamen, southeast China’s Fujian Province, making it the world’s first EVOGO city. The first four fast battery swap stations have now started operation, The number of fast battery swap stations ...

Hyundai Motor to Issue 30 Limited NFTs in Collaboration with NFT Brand Meta Kongz

Hyundai Motor Company has announced that it is entering the online community-based Non-Fungible Token market in collaboration with the Meta Kongz NFT brand. Hyundai Motor is the first automaker to enter the NFT market with its own NFT community, ...

VinFast Announces Plans to Integrate Amazon Alexa Into its Vehicles

VinFast, a global electric vehicle manufacturer, has announced plans to integrate the Amazon Alexa voice experience into its vehicles beginning in 2022. The collaboration with Amazon, announced at the 2022 New York International Auto Show, will integrate Alexa services into ...

Honda to Invest $64 Bn in R&D to Help EV Growth

Honda has announced that it plans to spend $64 billion on research and development over the next decade. The new commitment is part of the Japanese automaker’s global target to create 30 new electric vehicle models by 2030. “As ...

Nissan Acquires e.dams Formula E Team

Nissan has bought the e.dams Formula E race team and will take full ownership of its involvement in the World Championship. The Japanese automaker entered Formula E in 2018 in partnership with the e.dams team, but the new acquisition ...

Fisker Selects Hyderabad as Headquarters for Initial Operations in India

California-based Fisker Inc. has established its India headquarters in the southern city of Hyderabad, Telangana State. Fisker Vigyan India Pvt Ltd, the company’s operating entity in Telangana, will focus on software development and embedded electronics, virtual vehicle development support functions, ...

Kwik Fit Expands PROJECT TREE Sustainable Rubber Scheme

Kwik Fit has announced that it is extending its PROJECT TREE sustainability initiative following a successful pilot. Over the last four months, drivers have been able to purchase Pirelli tyres at Kwik Fit centres with a portion of the ...

Nissan Unveils Prototype Production Facility for All-Solid-State Batteries in Japan

Nissan has unveiled its prototype production facility for laminated all-solid-state battery cells, which the company aims to bring to market in 2028. This prototype facility, within the Nissan Research Center in Kanagawa Prefecture, Japan, is aimed to further promote the ...

Lexus Teases First All-Electric Car, The RZ 450e

Lexus will reveal its first all-electric car later this month on 20 April. The Lexus RZ 450e will be unveiled via a global online broadcast, Toyota’s luxury sub-brand has confirmed.  So far, there are only a handful of things ...

CATL’s German Plant Receives Approval for Battery Cell Production

CATL’s first plant outside of China has received approval for the commissioning of a new plant for battery cell production from the state of Thuringia, Germany. The construction of the plant, which is also Germany’s first battery factory, is in the final ...

“In-Cabin Sensing Faces a Huge Growth” – Israel’s Cipia Leading the Race With New Innovations

In December, in-car computer vision solutions company, Cipia, announced its first purchase order from Technomous, as well as the start of production with Chinese auto giant, SAIC Motors. But in just a month from then, the Tel Aviv-based company had ...

Suzuki to Collaborate with SkyDrive to Build eVTOL Craft

Suzuki will collaborate with fellow Japanese company SkyDrive to commercialise flying cars. SkyDrive, based in the Shinjuku area of Tokyo, is currently developing a compact, two-seat electric-powered flying car “with plans for full-scale production.” The two companies will collaborate ...

BlackBerry & Marelli Expand Collaboration in China to Power Next Generation Cockpit Technology

Canada’s BlackBerry Limited has announced an expansion of its collaboration in China with Marelli, a leading Tier 1 global automotive supplier. Marelli has chosen the BlackBerry QNX Neutrino RTOS and BlackBerry QNX Hypervisor to power its Cockpit Domain Controller, an ...

How Lotus is Hoping to Build a New Audience with its Eletre Hyper SUV

Late on Tuesday night, Lotus – the small, idiosyncratic British sports car manufacturer – did something rather un-Lotus.  It launched the Eletre, an all-electric “Hyper SUV” weighing more than two tons and promising to be as helpful on the school ...

Charging Up India’s Commercial Delivery Vehicle Segment – EVage CEO Inderveer Singh

Often when we think about a country’s electrification journey, we’re only just thinking about the passenger vehicle segment. But in reality, commercial vehicles also contribute significantly to carbon emission levels as they plough through long distances at all hours of ...

British Startup Wins Contract for Malaysian National Charging Network

British-based charging startup EZ-Charge has signed a Memorandum of Understanding (MoU) that will see its tech form the backbone of a new Malaysian charging network. The MoU, signed with Mobility Werk Group Sdn Bhd – the Malaysian subsidiary of ...

Suzuki Invests £950m to Build EVs and Batteries in India

Suzuki has signed a Memorandum of Understanding with the Indian State of Gujarat to invest 150 billion Yen (around £950 million) to build electric vehicles and batteries. The MoU was signed late last week with both the Japanese and ...

Ola Electric Makes Multi-Million Dollar Investment in Extreme Fast Charging Group StoreDot

StoreDot, a developer of extreme fast charging technologies for electric vehicles (EVs), has secured a multi-million-dollar investment from Ola Electric, India’s leading EV manufacturer. Ola Electric is planning to incorporate and manufacture StoreDot’s fast charging battery technologies for future vehicles ...

Hyundai Opens new Plant to Produce Battery Electric Vehicles (BEVs) in Southeast Asia

Hyundai Motor Company has inaugurated Hyundai Motor Manufacturing Indonesia, its first factory in Southeast Asia, located 40 kilometres east of the capital city of Jakarta. The new plant will produce EV models such as IONIQ 5 battery electric vehicle (BEV). ...

How the War in Ukraine Will Affect the Automotive Industry

The war in Ukraine has been a catastrophe for all concerned. More than 500 Ukrainian civilians have been killed by Russian troops while millions have been forced to flee into neighbouring Poland, Hungary, Slovakia, and Moldova. But the effects of ...

Women in India’s Mobility Scene are Driving the Conversation on Inclusivity

On International Women’s Day last year, Auto Futures discussed how the Indian automotive industry was finally beginning to recognise its gender disparity and do something about it. It was refreshing to see leading industry names take note of the problem ...

NAVYA Signs Agreement to Support the Implementation of AVs in the Kingdom of Saudi Arabia

France’s NAVYA, a leader in the development of autonomous mobility systems, has signed an agreement with the Ministry of Transport and Logistic Services of the Kingdom of Saudi Arabia to support the implementation of autonomous vehicles in the Kingdom of ...

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