STMicroelectronics has introduced STi2GaN - a new family of ST Intelligent and Integrated Gallium Nitride (GaN) solutions.

Under these agreements, CESL and the private companies will jointly undertake the expansion and adoption of EV ecosystem.

Auto components major Bharat Forge reported a consolidated net profit of Rs 2.12 billion in Q4 ending March 31, 2021. This net profit was contributed by the robust increase in sales.

Taiwan Semiconductor Manufacturing Company (TSMC) and Japan have signed a $ 338 million semiconductor research project to develop cutting-edge chip technology, as per the reports.

As per an information released on Thursday, the government scrutiny on the United States electric car maker, Tesla has led to a reduction in the orders in China in May as compared with that of April.

The government is planning to soon notify the production-linked incentive (PLI) scheme, announced as part of Aatmanirbhar Bharat initiative to boost domestic manufacturing, for sectors like auto components, steel, and textiles.

Toyota Motor Corp. may shift electric-vehicle production to the US if demand continues to grow, according to a top executive. The Japanese carmaker is joining peers in embracing the technology.

According to TechSci Research, the used car loan market will grow at a CAGR of around 11% and reach $ 16 billion by FY 2027. Low interest rates, increased ownership of used cars, etc. would drive this growth.

Motherson Sumi Systems Limited (MSSL) announced its financial results for the fiscal year 2020-21 which showed that the Profit after Tax of the company is up by 290%.