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Panasonic seeks to expand business in the auto industry 

Teslarati

Panasonic seeks to expand its business in the automotive industry, starting with building relationships at CES 2024. Panasonic Automotive already formed relationships with companies in the industry, like Amazon and Fisker. Panasonic Automotive also teamed up with automaker Fisker to create an audio system.

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Magna lags profit estimates, cuts annual sales forecast on supply chain snags – ET Auto

Baua Electric

Auto parts suppliers have been struggling with lower-than-expected demand for their EV components, as carmakers shift their focus toward producing affordable hybrid vehicles instead. The Aurora, Ontario-based company also recorded asset impairments and restructuring costs of USD 316 million related to troubled EV startup Fisker.

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Fisker Secures $115.3M in Private Equity Funding; Necessary to Access $528.7M DOE Loan

Green Car Congress

Fisker Automotive last week secured access to an additional $115.3 This funding is necessary for Fisker Automotive to access a $528.7 million US Department of Energy conditional loan that will, in part, help speed completion of the Fisker Karma, the company’s first plug-in hybrid. A123 is also investing $23 million in Fisker.

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Rivian R2 Specs Surface Ahead of March 7 Reveal

The Truth About Cars

Competitor Fisker may need to lean on Nissan for financial support, though Rivian has fleet sales and other investors to help its cause. That said, 2026 is a long time from now, and the auto industry sometimes moves rapidly, so there are no guarantees things will go smoothly.

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Nissan and Honda confirm new EV partnership as they look to play catch up with Tesla, BYD

Baua Electric

Toshihiro Mibe, Honda’s CEO, said the company will see if combining tech and knowledge “will enable us to become industry leaders by creating new value.” The new partnership comes as both automakers (and the Japanese auto industry) quickly fell behind EV leaders like Tesla and BYD. Could it still be Nissan?

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EV startups collaborated with Foxconn to boost up manufacturing. The wait continues.

Baua Electric

A February 2021 information leave famous the “projected start of production” for the Fisker Pear within the fourth quarter of 2023 and described Foxconn’s “exceptional vertically integrated global supply chain and the best supply chain management team in our industry.” The wait continues.

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Five Electric Cars You'll Still Be Able To Buy In Five Years

Green Car Reports

The electric auto industry -- more than the conventional auto industry -- is an extremely volatile and competitive place.