The funding will be a mix of debt and equity. Go to Source
Category: News Site
In brief: Go-Jek is Southeast Asia’s second ‘decacorn’ with $10b valuation
The rising valuation comes as the app expands across the region. Go to Source
Honda will stop car production in Turkey after 2021: statement
The Honda booth displays the company logo at the North American International Auto Show in Detroit, Michigan, U.S., January 16, 2018. REUTERS/Jonathan Ernst ISTANBUL (Reuters) – Honda has decided to end car production in Turkey following completion of the production of its current Civic Sedan model in 2021, the company said in a statement on… Continue reading Honda will stop car production in Turkey after 2021: statement
Nissan shareholders sever last ties with ousted Ghosn
TOKYO (Reuters) – Nissan Motor Co shareholders ousted erstwhile boss Carlos Ghosn as a director on Monday, severing his last ties with the company he rescued from near-bankruptcy two decades ago and from which he is now accused of siphoning funds. FILE PHOTO: Former Nissan Motor Chairman Carlos Ghosn sits inside a car as he… Continue reading Nissan shareholders sever last ties with ousted Ghosn
Lucas TVS diversifies into EV components
Lucas TVS diversifies into EV components
Nissan considering claiming damages against Ghosn, CEO says
FILE PHOTO: Former Nissan Motor Chairman Carlos Ghosn sits inside a car as he leaves his lawyer’s office after being released on bail from Tokyo Detention House, in Tokyo, Japan, March 6, 2019. REUTERS/Issei Kato/File Photo TOKYO (Reuters) – Nissan Motor Co is considering claiming damages against ousted boss Carlos Ghosn over alleged financial misconduct,… Continue reading Nissan considering claiming damages against Ghosn, CEO says
Nissan CEO tells shareholders Ghosn scandal won’t be fixed overnight
FILE PHOTO: Former Nissan Motor Chairman Carlos Ghosn sits inside a car as he leaves his lawyer’s office after being released on bail from Tokyo Detention House, in Tokyo, Japan, March 6, 2019. REUTERS/Issei Kato/File Photo YOKOHAMA, Japan (Reuters) – Nissan Motor Co Ltd Chief Executive Hiroto Saikawa began an extraordinary shareholders meeting on Monday… Continue reading Nissan CEO tells shareholders Ghosn scandal won’t be fixed overnight
Nio teases sleek ET7 coupe, to include next-generation power system
Teaser for Nio ET7 concept
Nio, one of a handful of Chinese electric carmakers aiming to be Tesla competitors, just teased its next mass-market car, expected to debut at the Shanghai auto show later this month.
Its latest car looks set to be a four-door luxury fast-back, perhaps similar to shadows of a car known as the EVE Vision shown in earlier Nio press materials as following the SUVs. It's sleeker and perhaps smaller than that angular hatchback, though. The teaser shot suggests the ET7 would have rear-hinged “suicide doors” in back, though the picture is far from clear.
READ THIS: NIO aiming to innovate with battery cooling, patents suggest
Nio calls the concept the ET7, and says that it will feature the company's new “comprehensive power solution” it calls Nio Power, perhaps including new proprietary battery cooling technology.
The company says the ET7 will include the now requisite show-car Level 4 self-driving technology—easy to include in a concept car that doesn't yet drive anywhere, with or without a driver.
CHECK OUT: Nio ES8 electric SUV to go on sale in China this month; half the price of Tesla Model X
The ET7 follows Nio's ES8 flagship eight-passenger SUV and the slightly shortened six-passenger ES6, as well as the EP9 electric supercar for the track.
Nio has become known as one of the more serious Chinese electric car companies after it raised $1 billion on the New York Stock Exchange in September, and because of its success with the EP9, ES8, and in fielding a team in electric Formula E racing. In its earnings report for the first quarter, Nio said it delivered 3,898 vehicles, about 5 percent higher than expected.
DON'T MISS: Electric carmaker Nio begins trading on NYSE, aims to sell cars in US
It has grown to 9,000 employees after starting just five years ago. The company says it is focused on the Chinese market, but plans eventually to export cars to the U.S. as well. It has a design, engineering, and manufacturing centers in San Jose, California, as well as Shanghai, Beijing, London, and Munich, Germany.
More details will be revealed at the Shanghai show media days, April 16 and 17.
Volkswagen tests Level 4 automated driving in Hamburg
Volkswagen tests Level 4 automated driving in Hamburg
Nissan appoints David Moss as senior vice-president for R&D in Europe
Nissan appoints David Moss as senior vice-president for R&D in Europe