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EV truck maker Nikola to buy battery supplier Romeo Power

Nikola has agreed to buy battery supplier Romeo Power for about $144 million in stock, in a move designed to help jumpstart its efforts to make battery packs.
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Stellantis will move some van output from Russia to Western Europe

Stellantis has suspended all exports and imports of vehicles to and from Russia, where it operates a van-making plant in Kaluga in partnership with Mitsubishi.
Toyota deliveries sink on coronavirus epidemic

Toyota Motor Corp., the first major automaker to report February sales results in the world's biggest market, said light-vehicle deliveries fell 70 percent during the month because of the deadly coronavirus epidemic, with many dealerships shuttered to help contain the spread of the pathogen.
India guards against virus at auto show dominated by Chinese

India is pressing ahead with its biennial auto show this week with local staff replacing representatives of Chinese automakers that will showcase cutting-edge electric vehicles and connected cars despite travel disruption from the coronavirus outbreak.
CATL signs battery supply agreement with Tesla

China's top electric vehicle battery maker signed an agreement to supply Tesla Inc. with EV batteries starting in July. Tesla will determine the number of batteries to be supplied between July 2020 and June 2022, CATL said in a stock exchange filing, adding the agreement does not impose restrictions on Tesla orders.
Foton aims to sell 200,000 green commercial vehicles by 2025

Daimler's Chinese truck venture partner, Beiqi Foton Motor, aims to sell 200,000 new-energy commercial vehicles by 2025, according to its chairman, Zhang Xiyong.
Nio, Mobileye partner on self-driving cars

Chinese electric vehicle startup Nio Inc. and Intel Corp.'s self-driving car technology firm Mobileye are teaming up to develop autonomous vehicles in China and eventually other countries.
Tesla expands after-sales service network as Shanghai factory spins up

Tesla Inc. plans to double the number of repair and maintenance shops, add about 100 charging stations and revamp China showrooms as the electric vehicle maker gears up to open a key Shanghai plant.
Toyota, CATL join hands to develop, supply EV batteries

Toyota Motor Corp. agreed to partner with Contemporary Amperex Technology Co. to develop and supply batteries for new-energy vehicles. The Japanese automaker said the companies had also started talks covering a range of areas including new technology development and the reuse and recycling of batteries.
SVOLT Energy, a Great Wall spinoff, plans EV battery plant in Europe
A Chinese battery maker carved out of the country's biggest SUV manufacturer, Great Wall Motor Co., is planning its first overseas manufacturing base in Europe. SVOLT Energy Technology Co., which became independent in 2018, also said it is making "good progress" on developing a cobalt-free lithium ion battery -- a goal of battery producers aiming to eliminate the pricey and increasingly scarce mineral.
For suppliers, weaker China demand dims earnings outlook

The news is the latest to signal weaker global industrial activity and ripples from a trade war that has already forced China's Geely, Swiss engineering company ABB, Germany's Aumann and chemicals giant BASF, to warn of turbulence ahead.
Changsha weighs subsidizing the purchase of locally produced vehicles
The capital of the central province of Hunan may offer as much as 20,000 yuan ($2,909.73) to local residents who purchase new combustion engine cars and new energy vehicles made by local car manufacturers, according to a document viewed by Reuters and confirmed by an official at a local planning agency.
GM, Ford quarterly sales slide again amid economic woes
GM and Ford posted lower second-quarter sales in China, albeit at a slower pace, as the U.S. automakers were hit by a slowing economy amid the Sino-U.S. trade war. GM's vehicle sales in China for the quarter ended June 30 dropped 12 percent, while Ford's sales slumped by 22 percent.
U.S., China trade talks to resume next week, White House says
WASHINGTON -- Top representatives of the United States and China are making plans to resume talks next week to resolve a year-long trade war between the world's two largest economies, Trump administration officials said on Wednesday. "Those talks will continue in earnest this coming week," White House Economic Adviser Larry Kudlow told reporters in a briefing.
Baidu partners with Geely, Toyota in self-driving push
BEIJING -- Baidu Inc. is joining hands with Zhejiang Geely Holding Group and Toyota Motor Corp. to cooperate on artificial intelligence amid a push for self-driving vehicles. Under their partnership, Geely and Toyota have joined Apollo, an autonomous driving platform by Baidu, China's largest online search engine operator.