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German automaker Daimler AG said on Wednesday it plans to invest 1.1 billion yuan ($158.23 million) in a second research and development center in Beijing to help accelerate localization of Mercedes-Benz vehicle models in China. Daimler said in a statement the new tech center will be situated close to Daimler’s…

Volkswagen will convert three German factories to build electric cars, as Europe’s largest automaker by sales starts mass producing zero-emission vehicles in a major strategy shift following its emissions cheating scandal. The German company said on Wednesday its plant in Emden, which currently builds the VW Passat, would build electric…

Zotye Automobile (000980.SZ), a Ford Motor Co (F.N) partner in China, said on Tuesday it planned to begin selling SUVs in the United States in 2020. Ford is not involved in those plans by the Chinese automaker, spokesmen for the companies said. Ford had tapped Zotye to provide lower-priced electric…

South Korea-based global tier-1 automotive supplier Hyundai Mobis is opening its first open innovation center, ‘M.Cube’ in Silicon Valley, California. The facility will source and invest in startups possessing new technologies for future vehicles such as self-driving. According to company officials, “Hyundai Mobis will use M.Cube as its core base…

Volkswagen could build up to 50 million electric cars on its new electric vehicle platform and is looking at expanding its manufacturing footprint in the United States, Chief Executive Herbert Diess told Automotive News. “We set up the plant in Chattanooga always with the idea to be able to grow…

Off-Highway tyre manufacturer Balkrishna Industries (BKT) on Monday announced its plan to set up a $100 milion construction project for a new tyre manufacturing production site in US. This will be BKT's first plant outside India that will serve not only the US markets but the entire American region, as…

Gnotec Group, a Swedish-based supplier to the automotive industry, is locating a new manufacturing complex in Orangeburg County, South Carolina. The company’s $5.9 million investment is projected to create 78 new jobs in the community. Specializing in the engineering and manufacturing of metal components for automotive and commercial vehicles’ body-in-white…

Germany has earmarked 1 billion euros ($1.2 billion) to support a consortium looking to produce electric car battery cells and plans to fund a research facility to develop next-generation solid-state batteries, three sources told Reuters. The measures, expected to be announced by Economy Minister Peter Altmaier next week, are designed…

Volkswagen  intends to sell electric cars for less than 20,000 euros ($22,836) and protect German jobs by converting three factories to make Tesla (TSLA.O) rivals, a source familiar with the plans said. VW and other carmakers are struggling to adapt quickly enough to stringent rules introduced after the carmaker was…

France’s Renault  said it will build new Nissan and Mitsubishi vans at its domestic plants, raising investment in the country as it explores closer integration of the three-way carmaking alliance with government backing. The announcement, timed to coincide with a plant visit by President Emmanuel Macron, “underlines the importance of…

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