19 February 2025
19 February 2025
China’s auto industry is investing in humanoid robotics, helped by industrial synergies and legacy capabilities from several major OEMs.
The decision, which follows a previously announced reduction of 7,000 jobs, is aimed at optimising the company’s global R&D network.
The batteries Toyota is purchasing from LG are said to be suitable for both electric and hybrid vehicles.
The firm intends to return the unit to profitability amidst the slow adoption of e-mobility, high costs, and low margins in the transmission business.
Government aims for higher tax revenues from import duties.
New EV models to be introduced from next year.
Decline blamed on holidays and Renault shutdown.
The firms launched a new entity to focus on Volkswagen’s digitalisation projects and support the developers.
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