Amid growing expectations that electric-vehicle sales will grow sharply, Toyota announces an agreement with CATL to get access to a steady supply of batteries.
The Japanese carmaker said its pact with the Chinese company also includes further development work on EV batteries.
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BMW has sharply increased the amount of batteries it plans to buy from China’s CATL, underlining its expectations of strong growth in electric vehicle (EV) sales in the next decade.
Toyota Motor will show the second generation of the fuel cell-powered Mirai sedan at the upcoming Tokyo Motor Show. The car, which is set to go into production late next year, will have greater driving range, improved performance and an updated design.
German companies still have relatively few electric vehicles (EVs) in their fleets, but a poll shows that fleet managers are getting ready to deploy more of them.
Tesla will build a car factory as well as an engineering and design center in the greater Berlin area, Elon Musk, CEO of the US electric car maker said Tuesday evening.
The merger attempt by FCA and PSA will be complicated but makes economic and operational sense, including for investing in technology and systems. Whether or not it goes ahead, more consolidation is likely as the automotive industry gears up for electrification
After Fiat Chrysler and the Renault called off talks earlier this year, FCA is now set to merge with PSA and form the world’s fourth-largest automotive group.
