Category: News Site

Indonesia president signs new EV decree to bolster industry

JAKARTA: Indonesian President Joko Widodo said on Thursday he signed a decree that lays out government support to build an electric vehicle (EV) industry in Southeast Asia’s largest economy, the Cabinet Secretariat said in a statement. Widodo did not elaborate, but a draft of the decree reviewed by Reuters ahead of the signing showed it… Continue reading Indonesia president signs new EV decree to bolster industry

Continental’s powertrain business gravitates towards electric

With this strategy and gradual optimizations to the portfolio, Continental aims to ensure that the powertrain business remains financially strong, competitive and sustainable in the long term. New Delhi: German car parts group, Continental is making a big move towards electric mobility by putting a stronger focus on electrified drive systems. This is due to… Continue reading Continental’s powertrain business gravitates towards electric

Mercedes-Benz eCitaro Plant Gets 1.2 MW Charging Station

When space is at a premium and you need to charge multiple vehicles at high power, you might be required to build chargers upstairs Together with launch of series production of electric buses, Daimler retrofitted its Mannheim bus plant in Germany with a new central electric charging station for Mercedes-Benz eCitaro. It’s quite interesting to… Continue reading Mercedes-Benz eCitaro Plant Gets 1.2 MW Charging Station

Honda to recall 222,674 Accord vehicles in China

FILE PHOTO: A staff member cleans a Honda’s Accord sedan at the booth of Guangzhou Automobile Group during the Auto China 2016 auto show in Beijing, China, April 26, 2016. REUTERS/Kim Kyung-Hoon/File Photo BEIJING (Reuters) – Honda Motor Co Ltd’s (7267.T) venture with Guangzhou Automobile Group Co Ltd (601238.SS) will recall 222,674 Accord sedans in… Continue reading Honda to recall 222,674 Accord vehicles in China

SoftBank co-leads $17.6m investment in Brazilian used car platform Volanty

Brazil’s digital used car portal Volanty has received an infusion of 70 million reais ($17.6 million) from venture capital funds led by Japan’s SoftBank and Kaszek of Argentina. The funds, which were also joined by Monashees Capital+ and Canary, are betting on a fast-growing market for second-hand cars that has a turnover of 400 billion… Continue reading SoftBank co-leads $17.6m investment in Brazilian used car platform Volanty

Lyft’s scooters steering new customers to ride-hailing, but winter is coming

FILE PHOTO: A man rides a Lyft scooter near the White House in Washington, U.S., March 29, 2019. REUTERS/Brendan McDermid/File Photo (Reuters) – A quarter of Lyft Inc LYFT.N customers who use its bikes and scooters are new to the company, executives said on Wednesday, outlining how investments in the expensive growth area may eventually… Continue reading Lyft’s scooters steering new customers to ride-hailing, but winter is coming