Chinese automaker Zhejiang Geely Holding Group Co. Ltd. debuted its first electric-vehicle focused modular platform on Thursday, as part of its five-year plan to produce self-driving electric vehicles. Hong Kong-listed Geely Group has invested over 18 billion yuan ($2.65 billion) in developing the new platform, but it faces stiff competition in the electric vehicle platform… Continue reading World NM: Geely Unveils New Platform in Push to Develop Self-Driving Electric Cars000181
Author: World_Newz Mon
World NM: Hyundai Motor Group hires ex-PSA powertrain expert000176
Raposo will be responsible for engine, transmission and electrification development for Hyundai Motor Co. and Kia Motors Corp. starting Monday. Raposo served in the R&D division involving powertrain, electric vehicle and battery development at Renault S.A., Nissan Motor Co. and Peugeot carmaker Groupe PSA for 30 years. Hyundai Motor Group has hired former BMW designer… Continue reading World NM: Hyundai Motor Group hires ex-PSA powertrain expert000176
World NM: Chinese state investors to take BMW partner Brilliance private000175
The privatization would come ahead of BMW buying another 25% to take control of the JV – BMW Brilliance Automotive (BBA) – for 3.6 billion euros ($4.2 billion) in 2022. Its stake will halve to 25% after BMW increases its share. Go to Source
World NM: Vehicle software values on the rise000166
The trend of having more and more intelligent vehicles is making automotive software the new territory for future industrial competition. As Baidu Inc, Alibaba Group Holding Ltd and Tencent Holdings Ltd are making their forays into the automotive sector, conventional auto makers are also actively strengthening their capabilities in software. The sector may generate $1.1… Continue reading World NM: Vehicle software values on the rise000166
World NM: Ford to apply China’s EV know-how in US000165
Ford, the second largest carmaker in the United States, said it would like to use its experience gained from China on electric cars and onboard digitalized functions around the globe, especially its home market of North America. Go to Source
World NM: Karma Automotive teases its first all-electric sedan, to debut in 2021000162
Karma Automotive announced it will be introducing a new name for a family of vehicles in 2021 called the GS Series. The lineup will include updated electrification options, technological advancements and Karma’s first-ever battery electric (BEV) luxury sedan. The new electric series will include technological advancements and a price point that will help bring new… Continue reading World NM: Karma Automotive teases its first all-electric sedan, to debut in 2021000162
World NM: McLaren considers sale of global headquarters to raise cash000120
Luxury sports-car maker McLaren Automotive is considering a sale of its global headquarters as part of a refinancing strategy the company announced earlier this year. McLaren sought emergency funds over the summer offering its headquarters and historic car collection as collateral. Existing creditors opposed the plan in court, eventually forcing McLaren to raise 150 million… Continue reading World NM: McLaren considers sale of global headquarters to raise cash000120
World NM: Salzgitter CEO rejects idea of steel alliance with Thyssenkrupp000111
Steel companies rely on coal for heating their blast furnaces but face pressure to shift toward renewable energy sources such as hydrogen as a way to cut their carbon emissions. Go to Source
World NM: A Volkswagen executive says it sell more electric cars than Tesla by 2023000110
Elon Musk and Volkswagen’s chairman may have a friendly relationship, but another executive at the German auto giant wants to be clear that Tesla is still a major competitor. Go to Source
World NM: Nearly half of British public say they will never buy an electric car over charging fees000107
Nearly half of the UK public say they will never buy an electric car because of a lack of charging points. The findings highlight the challenge the Government faces as it prepares to bring forward the deadline to phase out new petrol and diesel vehicles, including plug-in hybrid models. The move to bring forward the… Continue reading World NM: Nearly half of British public say they will never buy an electric car over charging fees000107