DUBAI -- In the heart of the UAE, a significant transformation is taking place in the transportation sector. As the global business landscape evolves, a group of innovative startups in the UAE is not only keeping up with established companies but also making strides, influencing the competitive dynamics of the...

The world's largest contract electronics maker, Foxconn -- officially known as Hon Hai Technology Group -- already plays a lynchpin role in assembling gadgets for top global brands, including Apple's iPhone. But it has ambitions to diversify beyond electronics assembly -- even embracing the competitive but rapidly expanding electric vehicle...

Riyadh-based Ceer is collaborating with Siemens Digital Industries Software to accelerate Ceer’s digital transformation and empower its engineers to design and build truly next-generation vehicles.

BERLIN, GERMANY - On his many visits to semiconductor factories and electric car plants, Germany's Chancellor Olaf Scholz bangs the drum for an economy at the forefront of an industrial transformation. But the picture painted by business leaders and experts is less rosy, predicting hard times to come for Europe's largest...

Dubai, UAE -- Abu Dhabi's Department of Economic Development (ADDED) has joined forces with Valeo, a global automotive technology company, to establish a technology hub in Abu Dhabi for the production of autonomous and electric car components. The partnership aims to accelerate the growth of the automotive industry in the...

Sustainable mobility necessitates taking into account the entire lifecycle of a vehicle, not just the use phase. This includes sustainable design, end-of-life considerations, and incorporating recyclable materials, say experts.

The International Energy Agency (IEA) said the rapid electrification of road transportation will have big implications for the energy industry as it will eliminate the need for five million barrels of oil per day by the end of the decade. World oil consumption averages just over 100 million barrels per day.

Trade in such goods grew by around four percent in the second half of 2022, with their combined value hitting a record $1.9 trillion by the end of the year, UNCTAD said -- over $100 billion more than in 2021. Among the products that performed especially well were electric and...

Paris, France-- The electrification of the auto industry is gathering pace, particularly in Europe, where the sale of new cars running on petrol and diesel will end in 2035. But challenges remain around their production, affordability and whether enough infrastructure can be put in place to persuade drivers to make the...

The US auto giant will cut 3,200 jobs in the European country.

On Friday the California Energy Commission said 18.8 percent of new cars sold in the state in 2022 were EVs, PHEVs or fuel cell electric vehicles, all of which California includes in its zero-emission category. Ten years ago, that figure was two percent. "California continues to lead the zero-emission vehicle...

RIYADH, SAUDI ARABIA -  Saudi Ministry of Industry and Mineral Resources has signed a memorandum of understanding with Hyundai Motor Company for building an assembly plant in the country. The MoU was signed in the presence of  Minister of Industry and Mineral Resources Bandar Al-Khorayef, Minister of Economy and Planning...

Exports of non-plug-in hybrid cars were valued at €22.9 billion, which was more than half of the total extra-EU exports of hybrid and electric cars (55 percent).

Delaware Judge Kathaleen McCormick, ruling on a Musk request to freeze the case that had drawn a biting retort from Twitter, said a trial originally scheduled to begin in 11 days could be rescheduled for next month if a deal is not finalized. "If the transaction does not close by...

The ceremony was attended by Dr. Majida Al Azazi, Chairman of the Board of Directors of M Glory Holding Group, and Saud Abu Al Shawareb, Executive Vice President - Industrial Leasing at TECOM Group PJSC, along with other top business leaders and media representatives.

Elon Musk to hand over first 'made in Germany' Model Y car.

Lucid Motors has leased a big plot of land for $30 million in King Abdullah Economic City Industrial Valley, in Saudi Arabia, to produce electric vehicles in the kingdom.

The decision was taken due to a feature that drowns out audible warnings.

The Sony Mobility subsidiary will be created in spring 2022.

Record deliveries of electric cars during the period allowed Elon Musk's company to garner earnings of $1.1 billion in the quarter, up from $104 million in the year-ago