Mercedes Fends off VW in Europe EV Market
Europe’s EV market grew 17% YoY in Q3 2022 despite an 8% overall passenger car sales decline. Germany continued to lead the European EV market by…
European EV Market Grew 16% in Q2 2022 led by Mercedes
Mercedes-Benz overtook Volkswagen to become the top-selling EV brand in Europe. Germany leads the European market with 28% market share. The top 10…
LiDAR Now High on Automotive Industry Radar
LiDAR shipments are expected to cross 100 million units by 2030 driven by the automotive industry. The increase in demand for LiDAR will match the…
Tesla Reports Record Revenue in Q1 2022; Rising Raw Material Cost a Challenge
Tesla vehicle deliveries crossed 310,000 units in Q1 2022, a YoY increase of 68%. Revenue reached a record high of $18.8 billion during the……
Qualcomm Bolsters Automotive Presence with One More Deal
Qualcomm has inked a deal with Stellantis, the world’s fourth-largest automaker. Stellantis controls a large number of iconic brands including Fiat,…
u-blox Makes a Strong Comeback in 2021; Modules Contribute Most of Revenue
u-blox, a global leader in wireless and positioning technologies, has announced its 2021 financial results. The company made a strong rebound after…
Top 10 Automotive Announcements at CES 2022
The annual Consumer Electronics Show (CES) held this year from January 5 to 7 saw attendance from tech companies from various domains such as 5G,…
Stellantis Bets Big with €30-billion Investment Plan for EV Business
Stellantis, formed in 2021 after the merger of Italian American automaker Fiat Chrysler and France’s PSA, unveiled its electrification plans on July…
Will Foxconn Shake EV Industry?
Apple supplier Foxconn, with an aim to diversify its business and reduce overdependency on Apple for revenue generation, is betting big on electric…
Top 10 Automotive Announcements in CES 2021
Like the past few years, automotive players used the 2021 edition of the Consumer Electronics Show (CES), organized from January 11 to 14, to…