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Stellantis, Microsoft signs five-year deal to accelerate AI push

KATHMANDU: Stellantis and Microsoft have signed a five-year strategic partnership focused on artificial intelligence, cybersecurity and engineering, according to Reuters. The agreement comes as global automakers race to match fast-moving technology rivals, especially Chinese brands that are rapidly adding new…
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Stellantis in talks with Leapmotor for Opel electric SUV

KATHMANDU: Stellantis is in advanced talks with Leapmotor to develop a new Opel-branded electric SUV, according to Reuters. The model will use Leapmotor’s EV technology and is expected to be produced at Stellantis’ Zaragoza plant in Spain. Production could begin…
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Legacy automakers slow EV push despite $70 billion spending

KATHMANDU: Several major automakers are reassessing their electric vehicle (EV) strategies after spending nearly $70 billion on electrification programs that are now being scaled back. Changing policy conditions in the United States and slower-than-expected EV demand have forced companies to…
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Leapmotor targets global expansion with low-cost electric vehicle strategy

KATHMANDU: Chinese electric vehicle maker Leapmotor is emerging as a mass-market competitor to BYD by focusing on affordable EVs instead of premium technology, according to media reports. The company targets budget-conscious buyers, particularly in smaller Chinese cities. This strategy has…