Chinese self-driving logistics vehicle startup Neolix Technologies announced that it has raised nearly RMB200 million (US$28.8 million) in series A+ round of financing in February this year. The new round was led by Chinese EV car maker Leading Ideal. Addor Capital and existing shareholders Yunqi Partners and Glory Ventures also particiated. Neolix announced in May… Continue reading Chinese Self-driving Logistics Vehicle Startup Neolix Raises $28M In Series A+ Round
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Louis Gallois agrees to play extra time at PSA
One of the great sponsors of French industry wanted to retire from business before the summer, with the feeling of duty accomplished and the will to devote himself entirely to his generous associative life. Six years after his arrival as chairman of the PSA supervisory board, then in addition to this unfortunate posture, Louis Gallois… Continue reading Louis Gallois agrees to play extra time at PSA
[Covid-19] Reinforced security at the PSA factory in Mulhouse after a first case
The employee, who occupies a production position in this automobile assembly factory employing around 5,000 people, had been on sick leave since February 29. A spokesperson for PSA clarified that he had contracted the virus in the private sphere and that the few people on his team who had been in contact with him before… Continue reading [Covid-19] Reinforced security at the PSA factory in Mulhouse after a first case
Tesla Cybertruck Gigafactory: Nashville in the running, Elon is looking for ‘incentives, workforce, and more’
Tesla is looking for a new gigafactory in the ‘central US’ to produce the Cybertruck electric pickup truck and Model Y. CEO Elon Musk says that he is looking for “incentives, a workforce, and more” as Nashville is said to be in the running. Yesterday, Musk announced that Tesla is scouting locations in the central… Continue reading Tesla Cybertruck Gigafactory: Nashville in the running, Elon is looking for ‘incentives, workforce, and more’
China Digest: Self-driving firm Neolix raises $29m; VDN Cloud closes $14m
Neolix Technologies, a startup that delivers level 4 autonomous driving vehicles, has received nearly 200 million yuan ($29 million) in a Series A+ round, while edge computing-based cloud service provider VDN Cloud has closed almost 100 million yuan ($14 million) in a Series A+ round. CHJ leads $29m Series A+ round in self-driving startup Neolix… Continue reading China Digest: Self-driving firm Neolix raises $29m; VDN Cloud closes $14m
Edited Transcript of WKHS earnings conference call or presentation 10-Mar-20 2:00pm GMT
Q4 2019 Workhorse Group Inc Earnings Call Overland Park Mar 11, 2020 (Thomson StreetEvents) — Edited Transcript of Workhorse Group Inc earnings conference call or presentation Tuesday, March 10, 2020 at 2:00:00pm GMT TEXT version of Transcript ================================================================================ Corporate Participants ================================================================================ * Duane Hughes Workhorse Group Inc. – CEO & Director * Robert Harry Willison… Continue reading Edited Transcript of WKHS earnings conference call or presentation 10-Mar-20 2:00pm GMT
Workhorse Narrows Focus To Electric Last-Mile Vans
Workhorse Group Inc. (NASDAQ: WKHS) generated just $3,000 in revenue in the fourth quarter on income of $655,000 as it inched toward production of its lightweight electric last-mile delivery vans. The Loveland, Ohio-based company expects to produce 300-400 vans this year at its plant in Union City, Indiana, moving from two vehicles a day in… Continue reading Workhorse Narrows Focus To Electric Last-Mile Vans
Workhorse Group Reports Fourth Quarter and Full Year 2019 Results
CINCINNATI, March 10, 2020 /PRNewswire/ — Workhorse Group Inc. (NASDAQ: WKHS) (“Workhorse” or “the Company”), an American technology company focused on providing sustainable and cost-effective electric vehicles to the last mile delivery sector, today reported financial results for the fourth quarter and full year ended December 31, 2019. Workhorse Group Inc. Logo More Release Updates and Highlights Sold… Continue reading Workhorse Group Reports Fourth Quarter and Full Year 2019 Results
Elon Musk is ‘scouting’ new US locations for Cybertruck, Model Y production
Sponsored Links In this Nov. 21, 2019 file photo, Tesla CEO Elon Musk introduces the Cybertruck at Tesla’s design studio in Hawthorne, Calif. ASSOCIATED PRESS So what’s next after making a million Teslas? According to Elon Musk, a Cybertruck gigafactory that could be placed in “central USA,” and Model Y production “for East Coast too.”… Continue reading Elon Musk is ‘scouting’ new US locations for Cybertruck, Model Y production
Tesla is searching “central” U.S. for a Cybertruck gigafactory site
Tesla CEO Elon Musk said the company is “scouting” locations to build a new U.S. factory that will produce its all-electric Cybertruck and Model Y crossover. The “gigafactory,” the unit of measurement representing billions and a term Musk has used for its massive factories in Nevada, New York, China and soon Germany, will be located… Continue reading Tesla is searching “central” U.S. for a Cybertruck gigafactory site