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German Insurer to Cover Battery Performance
German insurance giant Munich Re Group is launching a service that will cover battery performance, eventually including those in electric vehicles.
Tesla in Talks with CATL to Supply EV Batteries in China?
Tesla Inc. reportedly is negotiating a deal with Contemporary Amperex Technology Co. Ltd. to supply its assembly plant in China with batteries for the electric vehicles made there.
Lear Invests in Israeli Advanced Mobility Fund
Lear Corp. has made an unspecified investment in Maniv Mobility, an Israel-based venture capital fund that specializes in advanced mobility technology.
FCA May Delay Diesel Phase-Out in Europe
CEO Mike Manley says Fiat Chrysler Automobiles may not drop diesels in Europe by 2022 as previously pledged if demand is still strong enough to keep them.
Tesla Secures $521 Million for Factory in China
Tesla Inc. says it has reached a deal with Chinese lenders for a $521 million line of credit for the electric car and battery factory it is building in Shanghai.
Report: Botched Emission Tests Cost VW €3.6 Billion
Volkswagen AG’s fumbles in trying to certify its 2019 models under Europe’s new WLTP test protocol cost the company €3.6 billion ($4 billion), media reports say.
Curb Appeal: Creating Dedicated Zones for New Mobility Services
The rapid increase of ride-hailing services, deliveries from retailers and restaurants, plus traditional taxis and other services, has put curbside real estate at a premium.
TomTom, Elektrobit Tout HD Map Development System
TomTom International BV and Continental AG’s Elektrobit Automotive unit have created a high-definition map to help carmakers and suppliers develop autonomous vehicle systems.
EV Startup Nio Drops Plan for Factory in Shanghai
Shanghai-based electric car startup Nio Ltd. has abandoned plans to build an assembly plant in the city’s Jiading district after its losses nearly doubled in 2018, the Shanghai Daily reports.
SEAT to Produce Electric Quadricycle
Volkswagen AG’s SEAT unit plans to launch a production version of the tiny Minimo concept electric vehicle it unveiled earlier this month in Barcelona.