Category: Official Press Release

Aeva, Inc. and InterPrivate Acquisition Corp. Announce $200 Million Investment from Sylebra Capital in Support of Business Combination

Under the terms of the agreement, Sylebra, a current holder of InterPrivate common stock, has committed to purchase an additional $200 million of InterPrivate common stock in connection with the expected closing of the business combination. Sylebra has also entered into a one-year lock-up agreement on the majority of its investment, and will vote all… Continue reading Aeva, Inc. and InterPrivate Acquisition Corp. Announce $200 Million Investment from Sylebra Capital in Support of Business Combination

Magna Expands With Fisker: Secures Full ADAS System Business

Complements EV platform sharing, vehicle engineering and manufacturing cooperationDelivers complete set of ADAS features and unique suite of software packagesIncludes first-to-market digital imaging radar technologyAURORA, Ontario, Jan. 04, 2021 (GLOBE NEWSWIRE) —  Magna today confirmed that it is collaborating with Fisker to develop an Advanced Driver Assistance System (ADAS), which will be applied to the… Continue reading Magna Expands With Fisker: Secures Full ADAS System Business

New Year Brings New CEO for Magna

21-year company veteran Swamy Kotagiri takes the helm at MagnaFormer Magna President and CTO blends strategic vision, leadership capabilities and technical expertiseAURORA, Ontario, Jan. 04, 2021 (GLOBE NEWSWIRE) — Last October, Magna’s Board of Directors announced the appointment of Swamy Kotagiri as Magna’s next Chief Executive Officer, effective January 1, 2021. Today, Kotagiri begins his… Continue reading New Year Brings New CEO for Magna

World NM: Hyundai chief sets 2021 as ‘turning point’ for expansion000690

Hyundai Motor Group, South Korea’s top automaker, will accelerate its drive to morph into a future mobility solutions provider this year to better compete with rivals, the group’s chief said Monday. To strengthen its presence in the eco-friendly vehicle market, the group’s main affiliate Hyundai Motor Co. plans to launch the IONIQ 5, the first… Continue reading World NM: Hyundai chief sets 2021 as ‘turning point’ for expansion000690

@Hyundai: Looking into E-GMP: A Balance of Function and Sensibility

Q. EVs based on ICEV platforms are quite practical and efficient themselves. What makes the PE System on the E-GMP even better than them? As you say, EVs built on ICEV platforms are quite efficient as is. But they do have some concrete limits, stemming from the fact they are developed on an ICEV platform… Continue reading @Hyundai: Looking into E-GMP: A Balance of Function and Sensibility

@Nio: 000176

On January 3, NIO provided its December and 2020 full-year delivery results. NIO delivered 7,007 vehicles in December, increasing by 32.4% month-over-month, setting a new record for five consecutive months, and by 121% year-over-year, registering its ninth straight month of twofold growth since April. For the full year, NIO delivered 43,728 vehicles in 2020, representing… Continue reading @Nio: 000176

@Nio: NIO Inc. Provides December, Fourth Quarter and Full Year 2020 Delivery Update000174

January 3, 2021 at 3:00 AM EST Company Achieved New Records for Monthly and Quarterly Deliveries; Annual Delivery Reached 43,728 Vehicles in 2020 NIO delivered 7,007 vehicles in December 2020, increasing by 121.0% year-over-year NIO delivered 17,353 vehicles in the three months ended December 2020, increasing by 111.0% year-over-year NIO delivered 43,728 vehicles in 2020… Continue reading @Nio: NIO Inc. Provides December, Fourth Quarter and Full Year 2020 Delivery Update000174

@Suzuki: Jan 01, 2021 Maruti Suzuki sales in December 2020

New Delhi: Maruti Suzuki India Limited posted total sales of 160,226 units in December 2020. This is a growth of 20.2% over December 2019. Total sales include domestic sales of 146,480 units and 3,808 units for other OEMs. In addition, the Company exported 9,938 units in December 2020. Q3 (October – December) FY 2020-21 UpdateWith… Continue reading @Suzuki: Jan 01, 2021 Maruti Suzuki sales in December 2020

@Tesla: Tesla Q4 2020 Vehicle Production & Deliveries000056

PALO ALTO, Calif., Jan. 02, 2021 (GLOBE NEWSWIRE) — In 2020, we produced and delivered half a million vehicles, in line with our most recent guidance. In addition, Model Y production in Shanghai has begun, with deliveries expected to begin shortly. Q4 2020   Production Deliveries Subject to operatinglease accounting Model S/X 16,097 18,920 11%… Continue reading @Tesla: Tesla Q4 2020 Vehicle Production & Deliveries000056