Tesla Inc has started producing electric vehicle superchargers at its new plant in Shanghai, as the US electric carmaker continues to expand its footprint in China, the world’s largest automobile market. Total EV sales in China reached 1.3 million units in 2020, up from 1.1 million units in 2019. Xpeng Motors, another Chinese electric carmaker,… Continue reading World NM: Tesla’s Shanghai factory produces superchargers000824
Author: World_Newz Mon
World NM: SsangYong urged to draw ‘specific’ outcomes in talks with investors000823
By Lee Min-hyung Korea Development Bank (KDB) has reiterated its unwavering position that no financial support will be made to SsangYong Motor, unless the cash-strapped carmaker comes to “specific” terms with a potential investor over its rehabilitation plans. This is in response to SsangYong Motor’s recent announcement that it will keep engaging in negotiations with… Continue reading World NM: SsangYong urged to draw ‘specific’ outcomes in talks with investors000823
World NM: No decision yet on Ssangyong Motor’s speedier bankruptcy plan: main creditor000815
The main creditor of SsangYong Motor Co. said Tuesday it has yet to decide on the cash-strapped automaker’s push for a speedier bankruptcy procedure as SsangYong failed to receive approval from its potential buyer. The pre-packaged plan is a combination of workout and court protection under which a restructuring plan is agreed upon prior to… Continue reading World NM: No decision yet on Ssangyong Motor’s speedier bankruptcy plan: main creditor000815
World NM: Ford cars will run on Google’s Android starting in 2023000814
Ford and Google have announced a six-year strategic partnership under which vehicles from the brand, including Lincoln models, will run Android starting 2023. The new partnership will give millions of Ford cars access to Google’s suite of services like Google Maps and Google Assistant. The partnership will also mean Ford will employ Google Cloud as… Continue reading World NM: Ford cars will run on Google’s Android starting in 2023000814
World NM: Ford, Google announce technology partnership000811
Ford and Google announced a new partnership Monday to allow Ford and Lincoln vehicle models will feature Android and Google apps and services built-in by 2023. Vehicles at all price levels will have access to Google’s offerings. The deal will fast track the implementation of data-driven business models where customers can receive real-time notices such… Continue reading World NM: Ford, Google announce technology partnership000811
World NM: Ford to use Google’s automotive tech and cloud services000810
Ford is teaming up with Google for in-car tech. The companies announced on Monday that Ford’s future vehicles will use an Android-based infotainment system and that the automaker will transition its operations from Amazon Web Services to the Google Cloud through a six-year deal that begins in 2023. Apple CarPlay smartphone integration and Amazon’s Alexa… Continue reading World NM: Ford to use Google’s automotive tech and cloud services000810
World NM: GM’s electric car push could put China in the driver’s seat000805
THE business of making cars has reached a critical juncture The world’s shift to electric cars “is based on the Chinese technological road map”. Mr Wan, who had also served as president and as director of the Center of Automotive Engineering at Tongji University in Shanghai, was a passionate advocate of electric cars. Go to… Continue reading World NM: GM’s electric car push could put China in the driver’s seat000805
World NM: Tesla’s dirty little secret: Its net profit doesn’t come from selling cars000804
New York (CNN Business)Tesla posted its first full year of net income in 2020 — but not because of sales to its customers. If they can’t, the automakers have to buy regulatory credits from another automaker that meets those requirements — such as Tesla. Its automotive gross profit, which compares total revenue from its car… Continue reading World NM: Tesla’s dirty little secret: Its net profit doesn’t come from selling cars000804
World NM: SsangYong Motor Q4 loss widens amid pandemic000799
SsangYong Motor Co., the South Korean unit of Indian carmaker Mahindra & Mahindra Ltd., said Friday its fourth-quarter net losses widened from a year earlier due to weak sales amid the coronavirus pandemic. Mahindra acquired a 70 percent stake in SsangYong for 523 billion won in 2011 and now holds a 74.65 percent stake in… Continue reading World NM: SsangYong Motor Q4 loss widens amid pandemic000799
World NM: SsangYong Motor says deal with potential buyer is ‘still under way’000790
SsangYong Motor Co., the South Korean unit of Indian carmaker Mahindra & Mahindra Ltd., said Thursday that its Indian parent company is still in talks to sell its controlling stake, denying media reports that the deal has fallen through. Ssangyong filed for court receivership on Dec. 21 after the SUV-focused carmaker failed to obtain approval… Continue reading World NM: SsangYong Motor says deal with potential buyer is ‘still under way’000790