Toyota Motor plans to begin electric vehicle (EV) production in Europe by 2028, marking a significant expansion of its global EV manufacturing strategy. The company announced that its subsidiary in the Czech Republic will produce approximately 100,000 EVs annually, making it Toyota's first EV production hub in Europe and its fourth globally, following facilities in Japan, the US, and China.
Hyundai Motor, South Korea's largest automaker, has announced plans to release its first production vehicle equipped with end-to-end (E2E) autonomous driving technology by 2027. The company also aims to launch a fully integrated software-defined vehicle (SDV), powered by artificial intelligence and cloud-based services, by 2028.
Qualcomm Inc. has agreed to buy London-listed semiconductor company Alphawave IP Group Plc for about US$2.4 billion in cash to expand its technology for artificial intelligence.
As the automotive industry accelerates toward a software-defined future, LG Electronics and MediaTek have jointly revealed a new generation of in-vehicle infotainment (IVI) solutions, aiming to redefine the digital cockpit experience.
Nissan, long a pillar of Japan's automotive industry, is facing deepening financial troubles and is now turning to an unexpected potential lifeline: Saudi Arabia's powerful sovereign wealth fund, the Public Investment Fund (PIF).
