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Lotus EV division enters SPAC deal, will list on Nasdaq

Motor Authority

Lotus Technology, a division of Lotus responsible for development of electric vehicles, is about to go public via a SPAC deal.

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VW And SAIC Extend Deal To 2040, Plan New Hybrids And Range-Extender EVs, End Controversial Xinjiang Plant

Carscoops

Volkswagen and China’s SAIC have signed a deal extending their partnership to 2040. And this week, on the 40th anniversary of that original deal, the pair have signed up to extend their joint venture to 2040. The pair announced their recommitment to the joint venture 40 years after teaming up.

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Prejudging No-Credit Buyers is Costing You Deals

AutoSuccessOnline

Anyone who’s ever sold cars for a living has had this experience: a customer walks into your showroom, they express great interest in a particular vehicle, then the deal falls apart practically before it even begins. The post Prejudging No-Credit Buyers is Costing You Deals appeared first on AutoSuccessOnline.

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Ford patents its steer-by-wire system

Motor Authority

Ford is following other automakers in developing a steer-by-wire system, a recently discovered patent filing shows. But it deals not with steer-by-wire as a concept. The filing in question was published by the United States Patent and Trademark Office (USPTO) Nov.

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Toyota forms technical partnership with Haas F1 team

Motor Authority

Toyota Gazoo Racing becomes Haas F1 team's Official Technical Partner Deal will provide Toyota drivers, mechanics, and engineers with F1 experience Collaboration includes vehicle development, data analysis, wind tunnel testing, and design of carbon-fiber parts Toyota hasn't raced in Formula 1 since 2009, but its chairman, Akio Toyoda, the man who. (..)

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How Mercedes F1 boffins are rewriting the EV battery rule book

Autocar

Based at Brixworth, the firm was formed to develop methanol-fuel Indycar engines but soon branched into Formula 1 and eventually sold its F1 division to Mercedes-Benz. Today, as Mercedes AMG High Performance Powertrains (HPP), its playing a major part in developing what could be the most advanced EV battery yet.

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Foxconn Gearing Up To Build Four New EVs, Including Two From Japanese Brands

Carscoops

Taiwanese contract manufacturer Foxconn has revealed it’s close to inking deals with two Japanese car manufacturers to design and manufacture a pair of EVs. Foxconn will use its “contract design and manufacturing services (CDMS) business model” in the development of these new EVs.