Delivered 3,170 vehicles in December 2019, including 2,537 ES6s and 633 ES8s Cumulative deliveries of ES8 and ES6 reached 31,913 SHANGHAI, China, Jan. 06, 2020 (GLOBE NEWSWIRE) — NIO Inc. (“NIO” or the “Company”) (NIO), a pioneer in China’s premium electric vehicle market, today provided its December 2019 delivery results. NIO delivered 3,170 vehicles in December… Continue reading NIO Inc. Provides December 2019 Delivery Update
Author: Yarhow_Finance Online News
Tesla Reaches Preliminary Battery-Supply Deal With CATL
(Bloomberg) — Tesla Inc. has reached a preliminary agreement to start using CATL as a battery supplier for cars made in China from as early as next year, and the companies are in talks to expand the relationship globally, according to people familiar with the matter. Following months of negotiations, the companies clinched a non-binding… Continue reading Tesla Reaches Preliminary Battery-Supply Deal With CATL
Eaton Completes Sale of its Automotive Fluid Conveyance Division
Power management company Eaton (NYSE:ETN) today announced it has completed the sale of its Automotive Fluid Conveyance Division to Quantum Capital Partners. Terms of the transaction were not disclosed. The Automotive Fluid Conveyance Division manufactures hydraulic power assisted steering, active ride systems, oil cooling, air conditioning and plastic components for the automotive industry. It employs… Continue reading Eaton Completes Sale of its Automotive Fluid Conveyance Division
NIO Dazzling Showrooms in Peril as Tesla Nears China Launch
1 / 2 NIO Dazzling Showrooms in Peril as Tesla Nears China Launch (Bloomberg) — China’s most high-profile challenger to Tesla Inc. has had a tough year, and 2020 isn’t looking any easier. Electric-car maker NIO Inc. has accumulated a deficit of almost $6 billion since its founding in 2014, spending extensively on marketing and… Continue reading NIO Dazzling Showrooms in Peril as Tesla Nears China Launch
NIO Inc. to Report Third Quarter 2019 Financial Results on Monday, December 30, 2019
SHANGHAI, China, Dec. 23, 2019 (GLOBE NEWSWIRE) — NIO Inc. (“NIO” or the “Company”) (NIO), a pioneer in China’s premium electric vehicle market, today announced that it will report its third quarter 2019 unaudited financial results on Monday, December 30, 2019, before the open of the U.S. markets. The Company’s management will host an earnings… Continue reading NIO Inc. to Report Third Quarter 2019 Financial Results on Monday, December 30, 2019
Eaton Completes the Acquisition of Souriau-Sunbank Connection Technologies
Power management company Eaton Corporation plc (NYSE:ETN) today announced it has completed the acquisition of the Souriau-Sunbank Connection Technologies business of TransDigm Group Incorporated for $920 million. Headquartered in Versailles, France, Souriau-Sunbank is a global leader in highly engineered electrical interconnect solutions for harsh environments for customers in the aerospace, defense, industrial, energy, and transport… Continue reading Eaton Completes the Acquisition of Souriau-Sunbank Connection Technologies
Nio Partners With Domestic Rival Xpeng To Spur Chinese EV Demand
Nio reported earlier this month sales of 2,528 vehicles in November, nearly flat with October’s 2,526. After a summer lull, the company has seen some momentum in sales, although the overall industrywide softness is threatening a slowdown for Nio as well. Related Links: Nio To Eliminate 21% Of Global Workforce As Q2 Loss Widens, August… Continue reading Nio Partners With Domestic Rival Xpeng To Spur Chinese EV Demand
Magna Powers Ferrari SF90 Stradale With Innovative Dual-Clutch Transmission
Transmission developed in cooperation with Ferrari Reduced weight and CO2 emissions Higher torque delivers superior performance TAGSDual-clutch transmission, plug-in hybrid powertrains, hypercars MEDIA CONTACTS Tracy Fuerst, Global Director of Corporate Communications & PRtracy.fuerst@magna.com, (+1) 248.631.5396 ABOUT MAGNA We are a mobility technology company. We have more than 166,000 entrepreneurial-minded employees and 346 manufacturing operations and… Continue reading Magna Powers Ferrari SF90 Stradale With Innovative Dual-Clutch Transmission
Nio cuts jobs in San Jose as result of Mobileye partnership
When including the new round of cuts, Nio has laid off 273 Bay Area employees this year, including the closure of its San Francisco office last spring. Go to Source
Edited Transcript of ETN earnings conference call or presentation 29-Oct-19 3:00pm GMT
Q3 2019 Eaton Corporation PLC Earnings Call DUBLIN Dec 8, 2019 (Thomson StreetEvents) — Edited Transcript of Eaton Corporation PLC earnings conference call or presentation Tuesday, October 29, 2019 at 3:00:00pm GMT TEXT version of Transcript ================================================================================ Corporate Participants ================================================================================ * Craig Arnold Eaton Corporation plc – Chairman & CEO * Richard H. Fearon Eaton… Continue reading Edited Transcript of ETN earnings conference call or presentation 29-Oct-19 3:00pm GMT