GLy New Mobility Fund, a global mid-to-late-stage fund, said it made the investment in Vayyar Imaging, a 4D imaging radar-on-chip provider

The China Passenger Car Association (CPCA) data showed sales of passenger vehicles fell 16% from the same period a year earlier to 780,000 units

With carmakers investing in EVs, parts suppliers are also diversifying their business towards new and clean technologies and moving away from petrol-reliant supply chains

"We have been working for many years now on localisation, vertical integration in India, to enjoy the smart frugality of India," CEO Carlos Tavares said

Nissan's controlling shareholder Renault said in April all options were on the table for separating its EV business, including a possible public listing, as it seeks to catch up with rivals

The investment is set to improve the facilities, equipment and automation procedures in Nissan's facility located in the Mexican state of Aguascalientes

Lining up two providers of automotive parts allows carmakers to reduce their exposure to shocks but adds to costs, chief executive Jim Rowan said

Sales in the world's biggest auto market plunged in March as Covid curbs took their toll and Tesla was among the automakers feeling the pain of limits on production

German auto parts supplier said on Tuesday it has suspended production at two sites in the Chinese cities of Shanghai and Changchun as it follows government policies to contain Covid cases.

Production cuts announced by automakers in the middle of last year also contributed to fewer despatches, the report said

The Japanese carmaker said the transaxle system is heavier and more complex than a conventional vehicle but more energy efficient

How the auto industry will manage its electric transition will be among the hot topics at the two-week COP26 climate summit hosted by Britain, starting on October 31