Hyundai, Kia sign semiconductor supply deal for EVs with Infineon
Infineon will build and reserve manufacturing capacity to supply silicon carbide and silicon power modules and chips to Hyundai and Kia until 2030.
Stellantis faces Oct. 29 strike deadline with Unifor in Canada
The union said it is “looking forward” to locking in a deal that matches the pattern set by collective agreements with the other two members of the Detroit 3 while making “additional gains” on workplace issues specific to Stellantis.
Rivian's bond issue does not reflect concerns around EV maker's financial health, CEO says
Rivian’s earlier-than-expected bond issuance this month was meant to strengthen the EV maker’s balance sheet before geopolitical risks tighten capital markets and does not reflect any concerns around its cash and operations, its CEO told Reuters on Tuesday.
Stellantis to base 'around' 7 models on a fifth, low-cost platform
The Smart Car platform that underpins the Citroen e-C3 will help other Stellantis brands such as Fiat and Opel launch models to compete with low cost Chinese imports.
Lucid sold just 1,457 cars in Q3 after price cuts, lease deals, marketing to boost demand
Through the first three quarters, Lucid delivered 4,267 Air sedans and produced 6,037. The EV maker will have to pick up the pace to reach its 2023 production goal of more than 10,000 vehicles.