Chinese smartphone giant Xiaomi has revealed its new YU7 sports utility vehicle (SUV) that it expects to commercially release in mid-2025, taking on similar models from Tesla, Li Auto and Nio in the world’s largest electric vehicle (EV) market. In a Weibo post on Tuesday, Xiaomi founder, chairman and chief executive Lei Jun showed off … Read more
Connected cars are increasingly gaining popularity among new-age buyers, who are demanding continuous connectivity while travelling and enhanced safety features in their wheels of choice. The share of connected cars in passenger vehicles sold in the Indian market doubled to 28.73% in the first nine months of 2024 from 14.47% in 2021, show data available … Read more
A growing enthusiasm for car sunroofs is pushing the world’s leading makers of the feature to join local partners in ramping up investments to tap this burgeoning market. Netherlands-based Inalfa Roof Systems along with its partner Gabriel India is looking to double capacity for manufacturing sunroofs in the next one year. The duo, which opened … Read more
Electric vehicle battery manufacturer Northvolt says construction of a $7-billion plant on Montreal’s South Shore will proceed as planned, despite announcing on Monday its intention to lay off 1,600 employees in Sweden. The Swedish multinational said it plans to cut 1,000 jobs in Skellefteå, 400 in Västerås and 200 in Stockholm — about a fifth of its … Read more
Flavio Volpe, head of the Automotive Parts Manufacturers’ Association, believes the recent electric vehicle targets set out by Canada’s environment minister also carried this pointed message to Canada’s domestic auto industry: “Let them eat cake.” Volpe says he has come to this conclusion because he believes those goals, which include a national target of 100 per cent zero-emission vehicle sales by 2035, cannot be … Read more
Chrysler parent company Stellantis says future participation in North American auto shows will be looked at on a “case-by-case basis” amid headwinds in the auto market. “With a focus on preserving business fundamentals to mitigate the impact of a challenging automotive market in North America, Stellantis is working to optimize its marketing strategy as it relates to … Read more
