Category: Companies

EV manufacturing has begun to attract funds; trickle-down effect expected

Posted: August 27, 2020

Interest in electric vehicle stocks has been on the rise, buoyed largely by the success of Tesla’s China made Model 3s in 2020. Following Nio and Li Auto, Chinese electric car manufacturer Xpeng has announced an IPO filing in the US aiming to raise about US$1.1 billion from a series of high profile investors. READ MORE...

CATL raises US$ 2.8 billion from UBS, JP Morgan, Honda

Posted: July 24, 2020

China-based electric vehicle battery manufacturer CATL has raised nearly US$2.8 billion from nine investors including UBS, JP Morgan and a Honda subsidiary in a deal worth over three times the funds raised with its IPO a couple of years ago. The proceeds will be directed at expanding production capacity and research and development activities. READ MORE...

Self-driving car startup Zoox is up for sale

Posted: May 7, 2020

Downturns are ideal times to buy distressed assets that you might not otherwise get a look at (Renault’s opportunistic acquisition of Nissan is an example of such a bargain in the automotive field).  Even if Zoox is a long shot bet it could make sense for a deep pocketed investor prepared to look at a […] READ MORE...

Vitesco Technologies To Open New R&D Center In China, Underlining The Strategic Focus On Electrified Powertrains

Posted: April 21, 2020

Vitesco Technologies, the powertrain business of Continental, will build a research and development center in the Chinese port metropolis of Tianjin. The company has now signed a corresponding agreement with the Administration Committee of the Tianjin Economic-Technological Development Area (TEDA). READ MORE...

Marelli Boosts Investment in Electric vehicle Technologies through Partnership with US technology Firm, Transphorm Inc

Posted: March 4, 2020

Leading automotive supplier, MARELLI,  announced a strategic partnership with US-based, Transphorm Inc., a semiconductor company focused on redefining power conversion. This partnership will enable Marelli to gain valuable access and insights into cutting edge technologies for the development of electric vehicles, in particular power converters, onboard chargers and inverters for electric and hybrid vehicles. READ MORE...

Launch of a Pilot Plant to Manufacture European Batteries for Electric Vehicles

Posted: January 30, 2020

During French President Emmanuel Macron’s visit to the Saft Nersac plant near Angoulême, in the Nouvelle-Aquitaine region, Total, through its affiliate Saft, and PSA with Opel, are announcing their plan to combine their know-how to develop EV battery manufacturing activity in Europe. To that end, the partners intend to establish a joint venture named Automotive […] READ MORE...

BMW, Daimler mobility services JV YOUR NOW reports 44% growth

Posted: December 17, 2019

BMW and Daimler’s YOUR NOW mobility services, which were launched in February 2019, have reported 44% growth, a company release said. The YOUR NOW joint ventures, including FREE NOW, SHARE NOW, PARK NOW & CHARGE NOW services, have almost 90-million customers using the mobility services. READ MORE...

BMW Group signs supply contract with Ganfeng for sustainable lithium from mines in Australia

Posted: December 16, 2019

BMW has inked a supply agreement with Ganfeng Lithium of Jiangxi (China) for a five-year term ending 2024 to be delivered to the automaker’s cathode manufacturer. With this contract, BMW has secured “100% of its lithium hydroxide needs” Dr. Andreas Wendt, member of the Board of Management of BMW AG responsible for Purchasing and Supplier Network, said. BMW plans […] READ MORE...

Mercedes-Benz to produce electric powertrain in Untertürkheim plant

Posted: December 16, 2019

In a move that will bring relief to employees of Mercedes Benz’s Untertürkheim plant, the automaker and the plant’s works council have decided to produce parts of the electric powertrain (eATS) at the facility. With eATS, the facility will complete the entire spectrum of the automaker’s drive technologies produced at the plant after combustion engines, […] READ MORE...

FCA joins RSBN to help build a more ethical Electric Vehicle supply chain

Posted: December 16, 2019

Following Volvo, FCA has joined the Responsible Sourcing Blockchain Network (RSBN), an industry group that uses blockchain technology to support responsible sourcing and production practices all along the raw material supply chain. Other automakers in the group include Ford, Volkswagen, LG Chem and Huayou Cobalt. READ MORE...

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