Porsche announced that it will adopt advanced driver assistance systems (ADAS) from Intel-owned Mobileye in future vehicle models. The premium carmaker said the systems will be integrated and tuned by its specialists to create a brand-worthy driving experience.
Challenged by factors like material prices, Toyota Motor saw operating income decrease in the fiscal year 2023 while volume sales increased across all regions. In addition, the automaker aims to produce 10.1 million vehicles in FY2024 as semiconductor supply improves.
Tesla took a step forward to solidify its battery supplies. The EV maker broke ground on a lithium refinery project in Texas on May 8. The facilities will primarily process lithium hydroxide to support one million EVs annually by 2025, according to Tesla.
South Korea-based SNE Research released the ranking of battery usage for EVs in non-China markets on May 8. LG Energy Solution retained the crown with a global market share of 28% for the first three months of 2023, while CATL was ranked second with 24.4% of the share.
Tesla and BYD have reportedly moved their relationship to a new stage. According to Germany-based , Tesla started manufacturing Model Ys with batteries from BYD at the gigafactory in Berlin last week, increasing its battery supplies.