WARREN, Mich., Oct. 20, 2020 /PRNewswire/ — General Motors Co. (NYSE: GM) announced today that its Spring Hill, Tennessee assembly plant will begin the transition to become the company’s third vehicle manufacturing site to produce electric vehicles, joining Factory ZERO in Detroit and Hamtramck, Michigan, and Orion Assembly in Orion Township, Michigan. In addition, the company… Continue reading GM Investing $2 Billion to Transition Spring Hill, Tennessee Plant to Build Electric Vehicles, including Cadillac LYRIQ
Author: PR Newswire Online News
Toyota AI Ventures Invests in YPC Technologies Through 2020 “Call for Innovation”
LOS ALTOS, Calif., Oct. 20, 2020 /PRNewswire/ — Toyota AI Ventures, Toyota’s early-stage venture capital fund, today announced its investment in YPC Technologies, a robotic kitchen startup based in Montreal, Canada. The funding follows YPC Technologies’ participation in the 2020 Toyota AI Ventures “call for innovation” focused on smart, connected cities that launched earlier this… Continue reading Toyota AI Ventures Invests in YPC Technologies Through 2020 “Call for Innovation”
Lightning Systems Renames Company Lightning eMotors, Expands to Meet Growing Demand for Medium-Duty Commercial EVs
LOVELAND, Colo., Oct. 20, 2020 /PRNewswire/ — Lightning Systems, a leading provider of complete electrification solutions for commercial fleets, today announced that it is expanding and renaming the company to Lightning eMotors, effective immediately. Continue Reading Electric drivetrains being assembled at Lightning eMotors’ facility in Loveland, CO “When we originally selected Lightning Systems as our name,… Continue reading Lightning Systems Renames Company Lightning eMotors, Expands to Meet Growing Demand for Medium-Duty Commercial EVs
Senmiao Technology Announces Signing of Framework Agreement with BYD to Purchase and Jointly Promote Electric Vehicles for Ride-Sharing
CHENGDU, China, Oct. 20, 2020 /PRNewswire/ — Senmiao Technology Limited (“Senmiao”) (NASDAQ: AIHS), a provider of automobile transaction and related services targeting the online ride-hailing industry in China, today announced the signing of a Framework Agreement with BYD Auto Sales Co., Ltd., a wholly owned subsidiary of BYD Company Limited (“BYD”,(HK:1211)), for the sale of… Continue reading Senmiao Technology Announces Signing of Framework Agreement with BYD to Purchase and Jointly Promote Electric Vehicles for Ride-Sharing
VisIC Technologies raises Series E to support growing EV market
NESS ZIONA, Israel, Oct. 19, 2020 /PRNewswire/ — VisIC Technologies Ltd., a global leader in gallium nitride (GaN) devices for automotive high-voltage applications, has successfully raised a Series E financing round with participation from MediaTek, the world’s 4th largest global fabless semiconductor company. This round of financing will help the company to enlarge its portfolio for… Continue reading VisIC Technologies raises Series E to support growing EV market
Romeo Packs by Romeo Power: The First Battery Pack Family for Commercial Vehicles
LOS ANGELES, Oct. 19, 2020 /PRNewswire/ — Romeo Power, the manufacturer of advanced battery packs with high energy density for electric vehicles, has released a family of battery packs that range in size from 30kWh to 1 MWh to serve the commercial vehicle market. Romeo’s technology has solved the problem of quickly getting electric commercial trucks… Continue reading Romeo Packs by Romeo Power: The First Battery Pack Family for Commercial Vehicles
Karma Automotive Announces Pricing For All-electric GSe-6
Karma created a website at http://www.karmaautomotive.com/reserve to share additional spec information and facilitate pre-orders for the GSe-6. For a fully-refundable $100 deposit, interested individuals can reserve a place in line for the vehicle, which will be available for delivery in 2021. The GSe-6 sedan will retain the award-winning design of the Revero® GT, extending the brand’s… Continue reading Karma Automotive Announces Pricing For All-electric GSe-6
Navistar Board Of Directors Issues Response To Letter From TRATON
Following discussions between Navistar and TRATON, Navistar’s Board of Directors confirmed that it would be prepared to move forward with a transaction in which TRATON would acquire Navistar for $44.50 per share in cash. In a letter to TRATON, Navistar’s Board asked TRATON to confirm that a price of $44.50 per share is a basis… Continue reading Navistar Board Of Directors Issues Response To Letter From TRATON
Workhorse Closes $200 Million Financing from Institutional Lenders
CINCINNATI, Oct. 16, 2020 /PRNewswire/ — Workhorse Group Inc. (Nasdaq: WKHS) (“Workhorse” or “the Company”), an American technology company focused on providing sustainable and cost-effective drone-integrated electric vehicles to the last-mile delivery sector, closed the previously announced $200 million financing with Antara Capital GP LLC as lead investor. The Notes are convertible into common stock by the holders at $35.29 per… Continue reading Workhorse Closes $200 Million Financing from Institutional Lenders
GAC MOTOR Launches All-New Luxury Flagship GA8 in the Kingdom of Saudi Arabia
This global live press conference on YouTube was co-hosted by Ahmad Albader, a well-known Saudi presenter, and Rana Jobran, a TV and radio host. Combining product videos, real-time online audience interaction and other activities. As the new flagship car of GAC MOTOR, the all-new GA8 embodies the result of 12 years of inventiveness and intelligence… Continue reading GAC MOTOR Launches All-New Luxury Flagship GA8 in the Kingdom of Saudi Arabia