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March Lithium Price Rebound Bolsters Stability in EV Battery Costs

Tech Auto's / April 15, 2024

After a year-long decline, China’s EV battery market is stabilizing, with lithium carbonate prices rebounding in March. EV battery prices remain steady, with various types showing stability. ESS battery demand is recovering slowly, while consumer battery prices saw a slight increase due to metal price revivals. Raw material costs have halved since early 2023, leading …

March Lithium Price Rebound Bolsters Stability in EV Battery Costs Read More »

Morgan Stanley: Xiaomi EV’s Disruptive Impact Explored, Significance for EV Startups Clarified

Tech Auto's / April 15, 2024

Morgan Stanley has noted the unfolding disruptive impact of Xiaomi’s entry into the electric vehicle (EV) market, particularly with its SU7 model, which has seen remarkably strong sales early on. The investment firm elaborates on how this could affect other local EV startups. In an April 11 research note, analyst Andy Meng’s team raised Xiaomi’s …

Morgan Stanley: Xiaomi EV’s Disruptive Impact Explored, Significance for EV Startups Clarified Read More »

Workers at the Mercedes-Benz plant in Alabama have applied for a union election, according to the UAW.

Tech Auto's / April 6, 2024

Employees at a Mercedes-Benz (MBGn.DE) facility in Vance, Alabama, have submitted a request to U.S. regulators for an election to join the United Auto Workers, the union announced on Friday.This petition marks the second instance of a factory filing for an election with the National Labor Relations Board (NLRB) in recent weeks. According to previous …

Workers at the Mercedes-Benz plant in Alabama have applied for a union election, according to the UAW. Read More »

Brazilian Imports of Electric Vehicles from China Surge Amidst Impending Tariff Changes

Tech Auto's / April 6, 2024

A surge in electric vehicle imports from China drove up Brazilian car imports in the first quarter of 2024, preceding escalating import tariffs designed to safeguard local production. From January to March, imports of passenger cars climbed by 46.4% compared to the same period last year, reaching $1.5 billion, as per data unveiled on Thursday …

Brazilian Imports of Electric Vehicles from China Surge Amidst Impending Tariff Changes Read More »

Trade union reports Stellantis production in Italy declined by 10% in the first quarter.

Tech Auto's, Tech News / April 6, 2024

Italian union FIM-CISL disclosed that production of passenger cars and vans at Stellantis’ (STLAM.MI) Italian plants plummeted by 9.8% year-on-year in the first quarter of this year, totaling 170,415 units. The automaker is currently engaged in discussions with the Italian government to reverse the ongoing decline in production, aiming to reach one million units by …

Trade union reports Stellantis production in Italy declined by 10% in the first quarter. Read More »

REE Automotive and KYB Collaborate to Innovate Next-Generation EV Platform

Tech Auto's, Tech News / April 5, 2024

The platform in question integrates the lithium-ion battery pack directly into the REE chassis backbone, effectively the floor. REE Automotive views this integration as highly promising, offering unmatched design flexibility for chassis purchasers. By being flat, modular, and scalable, the platform caters to various automotive applications, including cars, SUVs, MUVs, last-mile delivery vehicles, and heavy-duty …

REE Automotive and KYB Collaborate to Innovate Next-Generation EV Platform Read More »

How Technological Advancements Foster Sustainability in Transportation Enterprises

Tech Auto's, Tech News / April 5, 2024

Embracing advancing technology is the key for transport businesses to enhance sustainability in an eco-conscious world, without compromising efficiency. Today, customers expect companies to prioritize environmental concerns, which aligns perfectly with business efficiency facilitated by technology. Traditionally reliant on fossil fuels, transport businesses face rising costs and environmental concerns due to carbon emissions. However, the …

How Technological Advancements Foster Sustainability in Transportation Enterprises Read More »

A Shift in Paradigm: Maruti Suzuki’s Automatic Innovation | Sponsored Content

Tech Auto's / April 5, 2024

Maruti Suzuki is a frontrunner in making automatic cars accessible in India. Their lineup includes Auto Gear Shift (AGS), four-speed AT, and new-generation six-speed AT transmissions. AGS combines automatic convenience with manual’s fuel efficiency. Meanwhile, the four-speed AT enhances comfort and features hill-assist for smoother uphill climbs. The latest six-speed AT offers improved acceleration and …

A Shift in Paradigm: Maruti Suzuki’s Automatic Innovation | Sponsored Content Read More »

Volvo Cars Achieves Record March Sales, Driven by Strong Demand for Compact Electric SUV

Tech Auto's, Tech News / April 4, 2024

Volvo Cars (VOLCARb.ST) achieved record-breaking sales figures in March, buoyed by the successful launch of its fully electric small SUV, the Swedish automaker announced on Thursday, leading to a 4% surge in its shares during early trading. March sales soared by 25% compared to the previous year, reaching a milestone of 78,970 vehicles—the highest monthly …

Volvo Cars Achieves Record March Sales, Driven by Strong Demand for Compact Electric SUV Read More »

Factory workers left behind amidst US employment surge

Tech Auto's / April 4, 2024

Last summer, Dan Ariens implemented layoffs, reduced shifts, and froze hiring at his company, renowned for its iconic bright orange snow blowers and lawnmowers distributed worldwide, in response to a decline in sales. The Ariens Company, a fourth-generation family-owned enterprise based in Brillion, Wisconsin, witnessed a 20% reduction in its workforce, now totaling 1,600 employees, …

Factory workers left behind amidst US employment surge Read More »

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