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FRANKFURT (Reuters) - Volkswagen's luxury sports car unit Porsche AG is setting up a joint venture with Customcells to produce high-performance batteries that will significantly reduce charging times, the company said on Sunday.
(Reuters) - Germany's southern state of Bavaria is in talks with Intel to build a European chip factory in a bid to counter supply bottlenecks that have hampered production in the automotive sector, the local economy minister said on Friday.
(Corrects to Subaru Corp in paragraph 1, not Subaru Motor)
Several new electric vehicle manufacturers have hit snags, with the part forward not as optimistic as what was sold to investors.
WASHINGTON (Reuters) - A bipartisan group of U.S. senators on Thursday proposed a 25% tax credit for investments in semiconductor manufacturing as Congress works to increase U.S. chip production.
Japan Display Inc, once one of Apple Inc’s key suppliers, sees a new market for its liquid crystal displays after ceding the smartphones arena to rival OLED screens: the niche yet growing virtual reality business.
General Motors is hitting the accelerator on its drive towards electric autos, significantly boosting its near-term investments as it unveils new models and builds production capacity.
DETROIT (Reuters) - General Motors Co on Wednesday boosted its spending on electric and autonomous vehicles, pulled ahead plans for two U.S. battery plants and forecast stronger-than-expected second-quarter profits.
Yes has launched an investigation into the matter.
FRANKFURT (Reuters) - Growth in Germany's battery sector doubled to 35% last year led by demand for lithium-ion batteries for electric cars, data showed on Wednesday.