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TTTech Auto gains US$285M investment from Aptiv and Audi

Green Car Congress

TTTech Auto, a Vienna-based technology leader in automotive safety software, raised US$285 million (€250 million) from Aptiv PLC and Audi in its latest funding round. With this latest funding round and a valuation of more than US$1 billion, TTTech Auto confirms its strong position amid a growing number of auto tech unicorns.

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Big Auto is begging governments to let them go bankrupt as Chinese EVs loom

Baua Electric

The auto industry is electrifying, and all new cars will be electric in the relatively near future. And yet, the auto industry – which is responsible for more pollution than any other sector, at least in rich countries – still lobbies to worsen emissions reduction targets, even when those targets were already pushed back to begin with.

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Tesla contributes nearly 25% of Shanghai’s general auto manufacturing

Baua Electric

contributed nearly one-quarter of Shanghai’s general automobile manufacturing price endmost month, native media reported, in an indication of the way briefly the electrical automotive maker has ramped up output in China. billion yuan ($26.4 billion yuan ($26.4 1 million vehicles a month. 1 million vehicles a month.

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Ipsos Auto Global Study: interest in battery electric vehicles growing in the US

Green Car Congress

Ipsos’ new 2020 Global Mobility Navigator Study, focusing on Electrification, found global interest remained on par with the numbers from 2019. However, the study reveals there has been an increase in interest in the US and Chinese markets. Source: Ipsos. A growing consumer awareness led to an increased desire to have them in vehicles.

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Hyundai showcases RM20e racing midship electric sports car, Prophecy concept EV at Auto China

Green Car Congress

At the 16 th Beijing International Automotive Exhibition (Auto China 2020), Beijing Hyundai Motor Company showcased its RM20e electric racing midship sports car prototype and Prophecy concept EV model, demonstrating the reach of its EV ambitions. The new Tucson as well as new Elantra also made their debuts to Chinese customers.

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Major automakers may be using Chinese aluminum produced with Uyghur forced labor, rights group says – ET Auto

Baua Electric

Volkswagen operates a plant in Xinjiang as part of a joint venture with Chinese state-owned carmaker SAIC Motor. The Chinese Foreign Ministry did not immediately answer questions about the report sent by fax by The Associated Press. The companies listed in the new report also include Chinese electrical vehicle giant BYD.

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Chinese-made cars account for one in five BEV sales in February in Europe | Autocar Professional

Baua Electric

JATO’s data revealed that these vehicles were responsible for 61% of total sales in February 2024, in comparison to the 62% registered in February 2019. This success comes at the expense of diesel cars, with the market share of these vehicles falling from 35% of registrations in February 2019 to just 15% last month.

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