World Automotive Industry Latest News & Updates

As the EU seeks to put a brake on competitors from Chinese electrical automobiles, European automakers are stuck in second gear. Vehicle electrification is an important pathway to reducing global greenhouse fuel emissions. The supply chain for electric car battery materials relies closely on China, a dependency that may go away the US vulnerable to … Monroe Capital’s managed fund is targeted on serving to small- and medium-sized auto manufacturers transition to electrical automobile production.

Qualcomm refers to its SoC as the first integrated automotive super-compute class System-on-Chip, the Snapdragon Ride Flex SoC. CNG car, SUV sales rise 36 % in April-August 2024Tata Motors’ CNG market share has elevated by over 6 % compared to the identical Automotive News interval final year. BMW announces Retail.NEXT dealership chainBMW cars, bikes in addition to Mini cars shall be bought beneath the identical roof.

Hyundai and Kia are engaged on a next-generation infotainment system and have introduced Samsung in as a strategic companion because the automakers venture additional into smartphone connectivity and in-car apps. Using Samsung’s SmartThings app to find your lacking (or stolen!) automotive is however one feature envisioned. Epic’s Unreal Engine might be built-in into Qualcomm’s Snapdragon Cockpit Platform, which means that automakers who depend on the platform can use Unreal Engine to make in-car experiences.

With 1,258 horsepower, this is McLaren’s most powerful highway automobile ever. From the initial design to last production, we visited Hot Wheels headquarters in Los Angeles to see how America’s favourite die-cast cars are made. Volvo backtracks on its plan to go EV-only by 2030The Swedish automaker mentioned it was responding to altering market situations and customer calls for. Hyundai, Skoda be part of hands to accelerate hydrogen adoptionBrands will explore the potential of Hyundai sharing its hydrogen fuel-cell system and expertise with Skoda.

A new examine reveals that electrical vehicle tax credit underneath the Inflation Reduction Act lowered air pollution and boosted U.S. automakers, however largely benefited consumers who would have purchased EVs with out subsidies. Intergovernmental businesses estimate that by 2035, half of all new automobiles sold globally will be EVs. An business veteran says the UK must observe the US and EU in serving to with the shift to electrical vehicles. For these of you eyeing a used Subaru Outback or Crosstrek, here is some great news. The prices of those two in style fashions have seen a significant drop, making them extra affordable than ever.

Karnataka plans highway tax, registration charges waiver on …The state is also planning to incentivise manufacturing and infrastructure development for EVs. Industry sources mentioned that two-three global OEMs have proven interest in setting up manufacturing services beneath this policy however they need substantial tweaks. They additionally mentioned that software ought to be sought solely after SOPs are framed and communicated.