SK Innovation has decided to join hands with BAIC Group and enter electric vehicle (EV) battery swap business in China.The company announced on Thursday that it has acquired a minority stake of 13.3% in “BPSE (Blue Park Smart Energy Technology)”, which is a subsidiary of BAIC Group specializing in battery swap service, and secured a… Continue reading SK Innovation Enters Electric Vehicle Battery Swap Business in China
Category: News Site
Elon Musk’s plan to dig car tunnels under Miami is filled with holes
One more tunnel should do it. Photo: Miami Herald/Tribune News Service via Getty Images Last weekend, Elon Musk claimed that he’d had a conversation with Florida Governor Ron DeSantis about his Boring Company project, which builds very short, very small tunnels for cars. “Cars & trucks stuck in traffic generate megatons of toxic gases &… Continue reading Elon Musk’s plan to dig car tunnels under Miami is filled with holes
Volkswagen plans to install 300 kW DC charging stations at German sites
Charging power levels are on an upward trend, as OEMs and charging providers strive to enable longer ranges and faster charging times. Volkswagen is planning a major expansion of the charging infrastructure at its company facilities in Germany—some 750 new charging points are planned for 2021, and some of these will be High Power Charging… Continue reading Volkswagen plans to install 300 kW DC charging stations at German sites
China’s BYD raises $4bn war chest to combat Tesla
GUANGZHOU — Chinese electric vehicle maker BYD has raised 29.9 billion Hong Kong dollars ($3.85 billion) from a stock sale, with the proceeds to fortify the company against Tesla’s successful forays in its backyard. BYD issued 133 million new shares in Hong Kong’s stock market priced at HK$225 each, the company said Thursday. This represents roughly… Continue reading China’s BYD raises $4bn war chest to combat Tesla
Nissan to end Philippine auto assembly operations
MANILA — Nissan Motor will end its assembly operations in the Philippines in March as part of efforts to restructure its regional operations, the Japanese automaker said on Thursday. Nissan’s move comes as automakers in the country struggle to keep business humming amid the pandemic. Car sales in the Philippines fell 40% last year to… Continue reading Nissan to end Philippine auto assembly operations
TomTom joins the Autoware Foundation
About David Fluhr I have been writing about autonomous & connected driving since 2011 and report on it on other sites such as the Smart Mobility Hub. I studied social sciences at the HU Berlin and have been a freelance journalist since 2012. Contact: mail@autonomes-fahren.de Go to source
New Renault 5 to be built in same French factory as original
The new Renault 5 EV is set to be produced at the firm’s Douai factory in northern France, where the original version of the supermini was built. Renault will revive the 5 name for an all-new electric hatchback that’s set to go into production in 2023 as a key part of a bold revival plan designed… Continue reading New Renault 5 to be built in same French factory as original
Abt Sportsline boosts Cupra Formentor to 365bhp
German tuning firm Abt Sportsline has turned its attention to the new Cupra Formentor, boosting power from 306bhp to 365bhp and adding bespoke styling elements. The Formentor is the latest Volkswagen Group model to receive the Abt treatment, following last year’s 419bhp take on the Audi Q5 55 TFSIe and a heavily modified version of the Audi… Continue reading Abt Sportsline boosts Cupra Formentor to 365bhp
Rivian uses one of Elon Musk’s favorite job-interview techniques to determine which candidates stand out from the pack (TSLA)
Rivian and Elon Musk note the amount of detail job seekers use to describe problems they’ve faced. To Musk, too little detail indicates you’re overstating the role you played. For Rivian, failing to give credit to coworkers suggests you’re not a team player. Visit Business Insider’s homepage for more stories. Rivian CEO RJ Scaringe and… Continue reading Rivian uses one of Elon Musk’s favorite job-interview techniques to determine which candidates stand out from the pack (TSLA)
Billionaire investor Seth Klarman lambasts the Fed for distorting markets — and says Tesla’s stock has surged ‘seemingly beyond all reason’
Seth Klarman, president and CEO of the The Baupost Group Getty Images/ Scott Olson Billionaire investor Seth Klarman warns stimulus and interest rates are masking market risks. The Baupost chief compared investors to “frogs in water that is slowly being heated to a boil.” Klarman added that Tesla stock has surged “seemingly beyond all reason.”… Continue reading Billionaire investor Seth Klarman lambasts the Fed for distorting markets — and says Tesla’s stock has surged ‘seemingly beyond all reason’