Rivian Automotive has revised its annual production forecast for 2024, cutting its initial target due to a persistent parts shortage that has impacted a crucial component shared between its R1 and RCV platforms. Originally setting a production goal of 57,000 vehicles for the upcoming year, Rivian
The Inflation Reduction Act (IRA) is set to transform the landscape of electric vehicle (EV) battery supply chains in the United States. With numerous incentives designed to promote domestic battery production and reduce reliance on foreign suppliers, the IRA's impact is poised to be profound.
Ford Motor Company is set to make a strategic comeback in India with plans to re-open its manufacturing plant in Chennai, specifically focusing on producing vehicles for the global market. This move is a significant shift from the company's 2021 decision to halt vehicle production in India due
Chinese automotive giant Chery is planning to expand its presence in the UK, potentially establishing a manufacturing facility to produce electric vehicles (EVs). As part of a broader strategy to increase its footprint in Europe and circumvent existing tariffs, this move could significantly bolster
Tesla has long been at the forefront of automotive innovation, and its recent advancements in integrated die casting technology represent a revolutionary leap forward in car production. This transformative process, particularly evident in the manufacturing of the Tesla Model Y, is simplifying the
The Asia-Pacific (APAC) region has experienced dynamic shifts in light vehicle (LV) production over recent years, defined by record highs in 2023 and a transition toward normalized output in 2024. This period encapsulates significant fluctuations driven by diverse factors, from pent-up demand
