Focus on Transport
US reaches preliminary deal with Bosch for $225 million in chip grants
The funding will support Bosch’s planned $1.9 billion investment to transform its manufacturing facility in Roseville, California.
China’s CATL offers suppliers financial support to drive battery innovation
CATL has extended its leadership in EV batteries with a global market share of 36.8% in the first 10 months of the year.
Global EV sales hit third consecutive record high
China continued to lead sales growth, accounting for almost 70% of total EV sales in November.
Only 15% of UK’s public EV chargepoints are in rural areas – report
The UK Government has committed to bring the ban on the sale of new petrol and diesel cars and vans forward from 2035...
Elon Musk’s net worth tops $400 billion, Forbes billionaires list shows
Musk is EV maker Tesla's largest shareholder with about a 13% stake in the company.
Archer Aviation raises $430 million through equity offering, partners with Anduril
Shares of Archer were down 4% in early trading.
EU not buckling to pressure over car CO2 rules, climate chief says
Europe's car industry potentially faces $15.8 billion of fines for failing to meet 2025 targets.
Baidu, Geely’s EV venture faces uproar after it says needs fresh funds
A bruising price war in China, the world's largest auto market, has hurt some smaller automakers.
China’s Nio, behind on growth targets, aims to tighten cost control
The company has had 30-40% growth in the last three years — but that was not satisfactory for its CEO.
Stellantis to extend stoppage at Mirafiori plant until Jan. 20, union says
Stallentis' Mirafiori plant has seen several production stoppages this year due to low demand for the electric Fiat 500.
