Li Auto LI recently trimmed its third-quarter 2021 delivery guidance. The China-based electric vehicle (EV) maker now expects to deliver about 24,500 vehicles in the third quarter, down from the previous outlook of vehicle deliveries between 25,000 to 26,000 units. Backed by China’s food delivery giant Meituan, Li Auto, which debuted on Nasdaq on Jul… Continue reading Li Auto (LI) Slashes Q3 Delivery Forecast Amid Chip Dearth
Author: Yarhow_Finance Online News
CATL and BASF have signed a framework agreement to accelerate the achievement of global carbon neutrality goals
The cooperation is focused on cathode active materials and battery recycling The partnership supports both companies’ commitment to global carbon neutrality and CATL’s localization strategy in Europe NINGDE, China, Sept. 16, 2021 /CNW/ — Contemporary Amperex Technology Co., Limited (CATL) and BASF SE (BASF) announced a strategic partnership on battery materials solutions, including cathode active… Continue reading CATL and BASF have signed a framework agreement to accelerate the achievement of global carbon neutrality goals
Advance Auto Parts (AAP), Bridgestone Team Up for DieHard Batteries
Advance Auto Parts AAP recently announced a multi-year agreement with Bridgestone Retail Operations, per which the latter will stock Advance’s DieHard batteries in its more than 2,200 tire and vehicle service centers across the United States. Headquartered in Nashville, TN, Bridgestone Retail Operations is a subsidiary of Bridgestone Americas, Inc, and operates more than 2,200… Continue reading Advance Auto Parts (AAP), Bridgestone Team Up for DieHard Batteries
Veoneer sticks with Magna offer after Qualcomm’s revised bid, shares drop
STOCKHOLM, Sept 14 (Reuters) – Shares in Veoneer Inc edged down on Tuesday after the auto tech firm stuck to its recommendation for Magna International’s bid after receiving an updated, non-binding offer from Qualcomm . The Swedish company has become an attractive takeover target as its expertise in making advanced driver assistance systems fits in… Continue reading Veoneer sticks with Magna offer after Qualcomm’s revised bid, shares drop
Qualcomm Said to Place Binding Bid for Auto Tech Firm Veoneer
(Bloomberg) — Qualcomm Inc. has made a formal bid to buy automotive technology company Veoneer Inc. for more than $4 billion, beating a previous offer from Magna International Inc., according to people familiar with the matter. The U.S. semiconductor company has formalized its offer of $37 a share, the people said, asking not to be… Continue reading Qualcomm Said to Place Binding Bid for Auto Tech Firm Veoneer
Dana Accelerates Electrification of Underground Mining Vehicles with New High-Efficiency e-Powershift Transmission
LAS VEGAS, Sept. 13, 2021 /PRNewswire/ — Dana Incorporated (NYSE: DAN) today debuted the new Spicer Electrified™ e-Powershift transmission, a modular and flexible two-speed solution that offers power take-off (PTO) functionality for electrified heavy-duty mining vehicles. Dana Incorporated logo. (PRNewsFoto/Dana Incorporated) Delivering high efficiency and superior performance in a compact package that simplifies the mining… Continue reading Dana Accelerates Electrification of Underground Mining Vehicles with New High-Efficiency e-Powershift Transmission
Auto parts supplier Aptiv flags Southeast Asia chip constraints in third quarter
Sept 10 (Reuters) – Auto parts supplier Aptiv Plc is facing significant semiconductor supply constraints in the third quarter due to the fast-spreading Delta variant of the coronavirus in Southeast Asia, Chief Financial Officer Joseph Massaro said on Friday. Given the COVID-19 outbreaks in Malaysia and Thailand, governments are taking a meaningful stance on production… Continue reading Auto parts supplier Aptiv flags Southeast Asia chip constraints in third quarter
Nio’s New ET7 Sedan Could Include Low-Cost Lithium Iron Phosphate Battery: Report
Nio, Inc. (NYSE: NIO) unveiled its all-new ET7 sedan at its Nio Day event in early January, and deliveries of the EV maker’s first-ever sedan will likely begin in the first quarter of 2022. What Happened: Nio could release a version of the ET7 with low-cost lithium iron phosphate, or LFP, batteries, as opposed to… Continue reading Nio’s New ET7 Sedan Could Include Low-Cost Lithium Iron Phosphate Battery: Report
Sweden’s Veoneer says still recommends Magna merger
STOCKHOLM, Sept 9 (Reuters) – Swedish auto parts maker Veoneer Inc said on Thursday that it was continuing to recommend the bid from Magna International Inc , while remaining in discussions with Qualcomm. “Veoneer continues to recommend Magna merger at this time,” it said in a statement. Veoneer added that it would continue to engage… Continue reading Sweden’s Veoneer says still recommends Magna merger
Stellantis shareholder Dongfeng sells down stake for 600 million euros
PARIS/MILAN (Reuters) – Stellantis shareholder Dongfeng Motor Hong Kong (DMHK) has sold part of its stake in the automaker for about 600 million euros ($710 million), as agreed before the group was formed via a merger at the beginning of the year. As part of a package of agreements signed by shareholders upon the tie-up… Continue reading Stellantis shareholder Dongfeng sells down stake for 600 million euros