Palladium could extend this year's near 30% price decline, as the rapid rise of electric vehicles threatens to hammer demand for the auto catalyst metal at a time broader economic weakness and…
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<p>Read the latest news about Iran’s automotive industry, market trends, output figures, & import data, along with updates about Iran Khodro, Saipa and Pars Khodro</p>
Ford will receive $9.2 billion as part of a conditional loan from the US Department of Energy to aid in the construction of three huge electric vehicle battery factories, the agency announced on…
While some experts believe car imports will help reduce prices in the domestic market, others believe they will have the opposite effect. After car prices peaked in the last two months, the…
Chinese electric car company Nio announced on Tuesday it received $738.5 million in new capital from a fund owned by the Abu Dhabi government. The strategic investment ultimately gives the fund…
Hyundai Motor will raise average annual investment in electrification by nearly two-thirds, spending $28 billion in the next decade, and further restructure its struggling China business as part…
A majority of applicants who registered in the national online car ordering portal, Esalecar.ir, will receive their vehicles by the end of the fiscal 2024-25 (March 20, 2025).
Ford Motor Executive Chairman Bill Ford said the United States was not ready yet to compete with China in the production of electric vehicles. "They developed very quickly and they developed…
BMW unveiled an exhibit called "The Electric AI Canvas" at Art Basel in Basel, Switzerland, this week.
After the bill allowing the import of used cars was passed by the parliament, automobile prices started declining in the domestic market. The permission to import used cars under five years old…
Volkswagen and a technology partner have mastered a battery manufacturing process called dry coating which, if scaled up, could cut the cost of cell production by hundreds of millions of euros a…
Mercedes-Benz and Microsoft are partnering to test in-car ChatGPT artificial intelligence, available to more than 900,000 vehicles in the US, the companies announced on Thursday.
SAIPA has signed a memorandum of understanding to export a total of 200,000 passenger cars to Venezuela in five years. SAIPA’s CEO Mohammad Ali Teymouri, who traveled to Latin America with the…
Ford has completed a $2 billion investment to convert its factory in Cologne, Germany, to build full-electric vehicles. The plant will be the first in the company’s global production network to…
Toyota will introduce high-performance, solid-state batteries and other technologies to improve the driving range and cut costs of future electric vehicles, the automaker said on Tuesday, a…
A large number of applicants have withdrawn from the national online car ordering portal, Esalecar.ir, in just 24 hours. According to Mehdi Taqaddosi, the portal’s manager, the reduction in…
A total of $25 million worth of brake pads were imported since the beginning of the current fiscal year (March 21), as domestic producers struggle to import raw materials, according to a member…
Transactions in the domestic car market are limited to passenger cars priced under 20 billion rials ($40,746), according to an automotive expert. “Currently, the market is in recession and cars…
General Motors plans to invest more than $1 billion in two Michigan plants for the production of next-generation heavy-duty trucks, the company said on Monday.
A total of $2 billion worth of automotive spare parts and components are being smuggled into Iran annually, according to an estimate presented by the secretary of the Association of Homogeneous…
Tesla has stolen the record for the fastest electric car around the Nurburgring race track in Nurburg, Germany, from Porsche. The brand posted on Twitter confirming a Model S equipped with the…
German truck maker Daimler, Japan’s top automaker Toyota and two other automakers said on Tuesday they will work together on new technologies, including using hydrogen fuel, to help fight…
SAIPA Automotive Group has published detailed statistics from March 21 to May 28, alongside the release of the total vehicle production report, which indicate a substantial jump in output. A…
The production of domestic vehicles (including commercial and passenger cars) reached 193,437 in the first two months of the current fiscal year (March 21-May 21), registering a 48% growth…
An expert believes that the correct implementation of capital gains tax law could eliminate brokers from the car market and benefit real customers, but the passage of the law alone cannot solve…
Domestic component manufacturers and carmakers should launch studies on producing lithium batteries in order to meet the requisites of electric vehicles in the near future, according to a…
