Mercedes looks to Luminar in new lidar deal

Already a supplier to Porsche, Hyundai, Kia and Aston Martin, Rimac Technology's offering will include high-performance battery systems, electric drive units and electronic systems.

The London-based company relies on a system that actively learns how to drive as opposed to the conventional autonomous method of relying on digital maps and coding to tell vehicles how to operate.

VW Automatic Transmission Tianjin restarted output after a three-day break as the Chinese port city reported fewer COVID-19 cases.

Musk had said he expected the plant to have received its license to begin mass production of Model Y cars by December, but bureaucratic hurdles have delayed the process.

Toyota had been aiming for a high February production plan to meet strong demand.

Hyundai and Toyota navigated the chip shortage to record big gains, while VW, Mercedes and Renault suffered losses in volume and market shares.

Investors expect a new strategy for China when CEO Carlos Tavares unveils his business plan in March.

Germany will count hybrid cars as part of the government's target to boost the number of electric vehicles on the road.

The Chinese-built minicar, launched in select markets, helped Renault's budget brand increase sales in a difficult year.

Microchip shortages hit sales of the Renault brand, while Dacia and Lada sales increased.