LiteAuto GmbH, a German company, will set up an advanced design and manufacturing facility in Telangana with an investment of Rs 1,500 crore.

South Korea’s auto parts supply chain is rapidly losing competitiveness and manpower due to slow response to faster transition to automated and electric mobility amid lack of financial resources.

Dr Mahendra Nath Pandey, Union Heavy Industries Minister, mentioned that India’s transition to Electric Mobility System can save Rs 20 trillion by 2030 on avoided oil imports alone.

India said it is looking at the possibility of partnering with Tanzania on investing in the construction of the automotive industry.

Half a million jobs would be at risk under EU plans to effectively ban combustion-engine cars by 2035, according to European auto suppliers.

EV charging infrastructure firm EVRE said it has joined hands with Mad About Wheels (MAW) to set up charging infrastructure and enable dealerships across over 100 cities with more than 500 chargers.

Automakers declared muted sales in November across most segments. The numbers were disappointing because it is considered a month of high demand and auto companies generate most of their yearly sales.

Albemarle Corp and Livent Corp executives advised automakers to work with lithium producers to ensure that they provide specialised forms of the white metal that enhance an electrical car’s efficiency.

Stellantis CEO Carlos Tavares believes that the pressure to accelerate the shift to EVs by auto companies around the world can potentially threatens jobs and vehicle quality.