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The rapid market transition to NEV sales puts pressure on foreign JVs.
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The VW brand is phasing out older models as it faces challenging times, especially in China.
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A company spokesperson told Nikkei Asia that the planned vehicle will be the Omoda 4 compact SUV.
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The line will turn out the New Hilux FCEV, with an annual capacity of 3,000 vehicles.
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The alliance will combine MicroVision’s short- and long-range LiDAR systems with Blue-Band’s intelligent infrastructure platform.
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The company said testing will start in the coming days, using electric Jaguar I-PACE vehicles across Madrid’s metropolitan network.
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Net income attributable to stockholders rose to $3.33bn from $1.32bn a year earlier, while EBIT-adjusted increased 21.6% year-on-year to $4.10bn.
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Global technology companies and automotive suppliers are expanding their software stacks to secure a larger role in the vehicle interface.
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The automotive allocation comprises C$1.5bn from the federal administration and C$1bn from Ontario, a province in Central Canada.
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The car features Bcomp’s flax-based materials in its front seatbacks and tailgate structure.
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