Author: Central Desk

Toyota Motor Corporation, alongside giants like Panasonic and Nissan, has embarked on a path-breaking initiative to augment factory worker salaries to levels unseen in the past quarter-century. This strategic decision, pivotal for the workforce, is poised to profoundly influence Japan’s economic directives, potentially heralding the cessation of the longstanding policy of negative interest rates by the nation’s central bank. Pioneering Wage Strategy by Toyota Toyota, the global automotive leader, has pioneered an approach by consenting to a monthly wage surge of up to 28,440 yen, paired with unprecedented bonus disbursements for its manufacturing personnel. This initiative is a component of…

Mercedes-Benz, collaborating with the Fraunhofer-Institute for High-Speed Dynamics, EMI (Ernst Mach Institute), has achieved a groundbreaking feat by executing the world’s inaugural X-ray crash test on an actual car. This test, conducted at EMI’s research facility in Freiburg, Germany, represents a quantum leap in automotive safety testing, providing an unparalleled view into the internal dynamics of a vehicle during collision. The procedure involved a Mercedes-Benz C-Class saloon subjected to a side impact crash at 60 km/h. Distinguishing this crash test is the application of high-speed X-ray imaging, utilizing a linear accelerator to capture the event from above. This advanced technology…

Chinese technological behemoth Xiaomi heralds a significant stride into the electric vehicle (EV) arena, announcing the imminent delivery commencement of its premier EV model. This venture represents Xiaomi’s bold foray from its foundational smartphone industry stronghold into the automotive domain’s competitive landscape. The revelation of this electric vehicle’s pricing is eagerly anticipated on March 28. Ranking as China’s fifth-largest smartphone manufacturer, Xiaomi possesses a robust retail infrastructure, with 59 outlets across 29 cities nationwide, poised for order acceptance for this pioneering initiative. This development unfolds as an escalating price war engulfs leading automotive firms within China, the globe’s paramount car…

German luxury automaker Porsche embarks on a daring path with the announcement of several forthcoming models for this year, injecting an electric sports car into its lineup to challenge sector leaders. This unveiling comes with a cautious note on profitability, illustrating the intricate balance between pioneering growth and sustaining profit margins in a fiercely competitive landscape. Tuesday’s disclosure from Porsche highlighted an ambitious agenda, introducing updated versions of its esteemed Panamera, Macan, and the venerable 911, alongside the eagerly awaited Taycan Turbo GT. This electric contender, already celebrated as a ‘record holder,’ aims to eclipse Tesla’s prior lap records, marking…

Volvo Group forges an agreement with Westport Fuel Systems Inc, catalyzing the commercialization and global adoption of Westport’s High-Pressure Direct Injection (HPDI) fuel system technology. This collaboration of Volvo and Westport underscores a steadfast commitment to combating climate change by significantly curtailing CO2 emissions within the transportation sector. Originating from a previously disclosed Letter of Intent, this joint venture epitomizes a significant stride toward sustainable transportation solutions. Leveraging HPDI technology, this alliance endeavors to transition vehicles equipped with internal combustion engines from fossil fuels to sustainable alternatives such as biogas or hydrogen, delineating a path toward carbon neutrality and a…

StoreDot, the vanguard of extreme fast charging (XFC) battery technology for electric vehicles, unveils a strategic leap towards commercialization and mass scalability through a partnership with EVE Energy. Sealed today, this alliance grants StoreDot access to EVE’s expansive manufacturing capabilities, paving the way for the mass production of its transformative 100in5 extreme fast charging battery cells. StoreDot will harness manufacturing prowess from EVE to produce its XFC batteries, alongside licensing its technology to EVE. This agreement aims at expanding licensing endeavors with additional entities while bolstering StoreDot’s global manufacturing reach. This collaboration anticipates the production of StoreDot’s cells on EVE’s…

India’s resolve to uphold its EV policy framework, notwithstanding Tesla’s appeal for tariff concessions, underscores the nation’s strategic commitment to fostering a diverse and inclusive electric mobility ecosystem. Commerce and Industry Minister Piyush Goyal articulated this position, emphasizing that legislative and regulatory measures will prioritize attracting a wide array of global EV manufacturers to India, the world’s fastest-growing economy, rather than catering to the demands of individual entities. Tesla, under the leadership of CEO Elon Musk, proposed a tariff exemption scheme aimed at reducing customs duty by 70% for vehicles priced below $40,000 and seeking a complete waiver for those…

MG Motor India, steered by CEO Emeritus Rajeev Chaba, embarks on an expedited growth trajectory courtesy of significant investment from JSW Group. This collaboration not merely signifies a notable milestone for MG Motor India but heralds robust confidence in the company’s future trajectory and the vast Indian market. Subsidiary of China’s premier automaker SAIC Motor, MG Motor India embodies innovation, technology, and a progressive approach towards automotive manufacturing. With the British lineage of MG brand coupled with SAIC Motor’s technological acumen, the entity has solidified a formidable stance within the Indian arena since its 2019 inception. A commitment exceeding Rs…

An agreement between Iveco, the esteemed brand within the Iveco Group renowned for its pioneering commercial vehicle designs, and DHL’s Post & Parcel Germany division, heralds a significant stride toward logistics sustainability. This collaboration entails the provision of 178 cutting-edge S-Way CNG (Compressed Natural Gas) trucks by Iveco, propelling DHL forward in its quest to mitigate carbon emissions and champion the decarbonisation of road transport. This initiative aligns seamlessly with global aspirations toward cleaner energy utilization, positioning both entities as frontrunners in environmental stewardship within the logistics domain. DHL’s incorporation of these CNG trucks into its fleet marks a substantial…

Irvine-based Karma Automotive has embarked on a strategic alliance with the University of California, Irvine (UCI), signifying a robust commitment to advancing environmentally sustainable technologies. This collaboration anchors itself within UCI’s Resilience and Adaptation Development in California initiative, showcasing a unified dedication towards fostering green innovation. California, a frontrunner in the electric vehicle (EV) market, witnesses a significant pivot towards eco-friendly transportation, with EV sales catapulting from 2% to nearly 22% within a mere span of five years. Aligning with this eco-conscious momentum, a Californian mandate necessitates that all new light-duty vehicles comply with zero-emission standards by 2035. Karma Automotive…