Stellantis explores Leapmotor’s EV technology to cut costs and boost European sales
Multinational automotive manufacturer Stellantis announced it is exploring the use of electric-vehicle technology from its Chinese partner Leapmotor as it looks for ways to cut costs and stay competitive in Europe.
The legacy automaker, headquartered in the Netherlands, is considering expanding the scope of its joint...
Wayve secures $1.2 billion in investment to scale “generalisable” self-driving tech
Autonomous driving company Wayve, founded in 2017, has officially raised $1.2 billion in funding following a successful Series D investment round. This new development accelerates Wayve’s post-money valuation to $8.6 billion, making it one of the UK’s most valuable AI startups.
The investment round was backed...
Lamborghini abandons plans for “Lanzador” EV supercar and bets on hybrids
In a radical reversal of its sustainability strategy, Lamborghini has announced that it is ditching plans to launch its first electric supercar. The Italian automaker is instead betting on hybrid vehicles following a slump in global EV sales that has seen companies like GM and...
Hyundai joins the physical AI race, promising humanoid robots and autonomous mobility
A year ago, Hyundai Motor Company appeared to be trailing behind its rivals in the race to fuse artificial intelligence with the automobile. While competitors such as Tesla and BYD showcased advances in humanoid robotics and autonomous driving, Hyundai’s leadership openly acknowledged it had been...
Software-defined vehicles and the 15-year challenge: Can automotive software outlast the hardware?
Software-defined vehicles (SDVs) were introduced with the promise of extending a vehicle’s “relevance” through continuous software updates. Manufacturers promoted the idea that cars could ‘level-up’ long after leaving the factory, gaining new features and performance improvements over their lifespan. Made simple, cars would literally have the power to evolve as technology improves and connectivity becomes...
Tesla forced to drop “Autopilot” branding in California after “misleading” marketing ruling
Tesla has removed the term “Autopilot” from its marketing campaign in order to comply with Californian regulators. The electric vehicle and robotics group found itself in hot water last December after the California Department of Motor Vehicles deemed its Autopilot feature misleading to potential consumers.
Tesla’s...
Brussels to require 70% EU content for subsidised EVs under “Made in Europe” mandate
In a bid to stave off Chinese competition, Brussels is introducing a “Made in Europe” mandate ensuring that at least 70% of new electric vehicle components are manufactured in the EU.
The Industrial Accelerator Act will be published by the European Commission in March; however, the...
Affordable EVs offer lifeline for automakers amid market slowdown
As many global automakers roll back on their EV strategies in the face of an industry slowdown, the global market is showing a strong preference for affordable EVs over more expensive models.
After the end of the US federal subsidy and the Trump administration’s reversal of...
New report suggests software defined vehicle market will soar to almost $2,000 billion USD by 2034
The global automotive industry is entering a new phase of digital transformation, with software increasingly defining how vehicles operate, evolve and relate to the consumer.
A new study from Allied Market Research forecasts that the software defined vehicle (SDV) market will expand dramatically over the next decade, reaching an...
China’s EV sales fall for the first time in 2 years
Government subsidies and cheap manufacturing costs have long given Chinese automakers a competitive edge when it comes to EV production, facilitating the rapid expansion of manufacturers like BYD and Geely into overseas markets.
This seemingly unstoppable growth now appears to be showing signs of waning, following...














