Author: News Desk

General Motors is collaborating with LG to advance lithium manganese-rich (LMR) battery technology for its electric trucks and SUVs. GM, the leading seller of electric vehicles in the U.S., aims to reduce the cost of its battery-powered pickups and large SUVs by thousands of dollars. The cost reduction comes from a new battery technology that incorporates a higher percentage of the affordable mineral manganese while minimizing the use of costly metals like cobalt and nickel—without compromising driving range. The LMR cell is projected to enter the market by 2028. It will also mark the first commercial use of prismatic EV…

Honda Canada has decided to delay its planned $15 billion investment in electric vehicle production in Ontario due to U.S. tariffs and the slowdown in EV market. On Tuesday, the company stated that it would postpone its Ontario plans by two years, halting work on its battery plant and suspending the retooling of its vehicle assembly facility and two battery component factories. “The company will continue to evaluate the timing and project progression as market conditions change,” Honda added. Honda clarified that the decision will not impact current employment or production at its Alliston manufacturing facility. Announced in April 2024…

Xiaomi EV, Xiaomi’s electric vehicle division, is establishing its flagship showroom in Shanghai’s Pudong New Area, strengthening its position in the city’s thriving EV market. As reported by Cnevpost, Xiaomi EV has recently secured a property lease with a Shanghai Waigaoqiao Group subsidiary to establish its flagship showroom in the third phase of the Waigaoqiao Xin Park campus. The Pudong New Area government declared the development on Saturday. With a floor area exceeding 15,000 square meters, the project is set to officially launch in October 2025. Situated next to the Porsche China training center and the Waigaoqiao Tesla Center, the…

Under the India-United Kingdom Free Trade Agreement (FTA), the reduced import tariffs of 10% on the auto sector will include different bands for cars within the quota system, as stated by a senior government official in India. According to a report by the Hindu, the quota will be categorized differently for internal combustion engines (ICE) and electric vehicles (EVs). For ICE vehicles, the classification within the quota will be based on engine capacity, while for EVs, it will be determined by the vehicle’s price. The agreement also incorporates the exchange of electronic certificates of origin to facilitate Indian exports and…

Nissan Motor has decided to discontinue its plan to establish an electric vehicle battery manufacturing facility in Japan. In January, the automaker declared that it had obtained approval to build a lithium iron phosphate (LFP) battery production facility in Kitakyushu, southern Japan. Despite the formal authorization from the Ministry of Economy, Trade, and Industry (METI), Nissan has now decided not to move forward with the project. In an official statement, the company reported that it is implementing urgent recovery measures and evaluating all possible strategies to improve its performance. Following a thorough assessment of investment efficiency, the brand has opted…

Volvo recalls more than 413,000 vehicles in the U.S. because of a software defect affecting the rearview camera. Newly released documents from the National Highway Traffic Safety Administration (NHTSA) reveal that the recall is due to a software fault, causing several Volvo models to fail compliance with the federal safety standard. The extensive recall impacts various Volvo models, including S60 sedans from the 2023–2025 model years, manufactured between June 24, 2022, and June 21, 2024. It also covers V60 wagons produced from May 12, 2022, to June 28, 2024, alongside V60 Cross Country vehicles built between May 16, 2022, and…

Stellantis revealed that it has reached an agreement with labor unions to carry out up to 200 voluntary layoffs at its Termoli facility in Italy. As reported by Reuters, the move is part of Stellantis’s wider plan to refresh its workforce in Italy. Similar statements have also been issued for other Italian facilities to reduce up to 1,000 jobs. As part of its strategy, the company has recently undertaken hiring efforts, adding approximately 300 new employees in Turin and Atessa, Italy. Since the merger of Fiat Chrysler and Peugeot maker PSA in early 2021, Stellantis’ workforce in Italy has decreased…

President Donald Trump and Prime Minister Keir Starmer have revealed a new trade agreement reducing the tariff on vehicle imports. The duty, which had been set at 27.5% since April 3, will now drop to 10%, a change that could provide relief to luxury car manufacturers. Under the newly established pact, the UK can export up to 100,000 vehicles to the U.S. at a reduced 10% tariff. However, any additional imports exceeding the limit within the year will incur a higher 25% duty. The agreement is flexible and could be adjusted as discussions between the two nations progress. The allotted…

Ford Motor Company is increasing the prices of its three Mexico-manufactured models to offset the impact of tariffs. The price adjustment comes despite recent remarks from Ford executives, who previously indicated that industry-wide price hikes were not expected this year. A memo shared with Ford dealerships and cited by Reuters reveals that the price increases will impact the Bronco Sport, Maverick pickup, and Mustang Mach-E electric SUV, with adjustments ranging from $600 to $2,000 per vehicle. The revised pricing applies to vehicles manufactured after May 2, 2025, which are anticipated to reach dealership lots by late June. Ford spokesman Said…

Hyundai has unveiled its latest all-electric SUV, the Elexio, designed exclusively for the Chinese market. Developed under Beijing Hyundai, the joint venture between Hyundai Motor and BAIC Motor, the new model showcases cutting-edge technology and boasts an impressive driving range of over 700 km (435 miles) on a single charge. On April 21, Beijing Hyundai introduced its “In China, for China, to the World” strategy in Shanghai, marking the global premiere of the Elexio at an exclusive media event. Hyundai described the SUV’s launch as a pivotal moment in its transition from a traditional fuel vehicle leader to an electrification-focused…