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Nikkei: Nidec to build $715M e-axle plant in Mexico

Green Car Congress

The Nikkei reports that Japan-based motor maker Nidec is planning to invest an estimated ¥100 billion (US$715 million) to build an e-axle plant in Mexico. The company is currently producing e-axles in China and Europe but will start making them in North America as well ahead of an expected surge in demand. million e-axles.

Mexico 259
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Foxconn partnering with Thailand’s PTT to build EVs; MIH open EV platform

Green Car Congress

The platform, comprising hardware and software services, will be available to all automobile players in Thailand looking to accelerate their production and sales of EVs in Thailand and elsewhere in the ASEAN region. PTT is a Thai state-owned oil and gas company and the largest publicly listed conglomerate in Thailand.

Thailand 334
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Consumer Reports Says EVs Less Reliable Than Traditional Automobiles

The Truth About Cars

For 2023, CR reported that EVs had 79 percent more problems than automobiles that use internal combustion. Automakers have also been building them a lot longer than their plug-in counterparts and they tend to be based on models that have been around for a while. “It Plug-in hybrids were even worse with 146 percent more issues.

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Baidu to establish an intelligent EV company and form strategic partnership with Geely

Green Car Congress

a leading China-based Internet platform and AI company, plans to establish a company to produce intelligent electric vehicles (EV), and that it has entered into a strategic partnership with multinational auto manufacturer Zhejiang Geely Holding Group. Baidu, Inc.,

Companies 199
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Mobility services infrastructure company Via closes Series E round; valued at $2.25B

Green Car Congress

Via , a company that provides digital infrastructure to power public mobility in cities around the world ( earlier post ), has raised a Series E financing led by EXOR. The financing values the company at $2.25 EXOR is one of Europe’s largest diversified holding companies controlled by the Agnelli family.

Companies 243
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Hyundai Reportedly Building N Vision 74

The Truth About Cars

Reports from South Korea are claiming that Hyundai will build a limited number of the N Vision 74, pegging the production figure at just 100 units. According to South Korea’s ETNews , formerly the Electronic Times, Hyundai plans on building 100 vehicles based upon the hydrogen-electric hybrid concept. Honda did it with the NSX.

Hyundai 96
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Automobile Information Europe salutes Steven Stein

Baua Electric

Automobile Information Europe honors the winners of the 2023 Emerging Stars awards. The Emerging Famous person for Virtual is Steven Stein, who gained the award for his paintings as Audi’s director virtual services and products, brandnew trade building and backup. We will be able to exhibit a winner every date thru July 11.