Category: News Site

Hyundai shares skid as U.S. prosecutors probe Hyundai car recalls

SEOUL/WASHINGTON (Reuters) – Hyundai Motor (005380.KS) and affiliate Kia Motors (000270.KS) are being investigated by U.S. prosecutors over whether vehicle recalls were conducted properly, a person said and documents reviewed by Reuters showed. FILE PHOTO: The logo of Hyundai Motor is seen on wall at a event in Mexico City, Mexico August 2, 2017. REUTERS/Henry… Continue reading Hyundai shares skid as U.S. prosecutors probe Hyundai car recalls

Chinese electric vehicle maker Leap Motor raises $290m in funding

November 22, 2018 Hangzhou-based electric vehicle maker Leap Motor has raised RMB2 billion ($290 million) for its ongoing Series A round led by Shanghai Electric Group, it said in an announcement on November 21. The startup aims to raise RMB2.5 billion ($360 million) by the end of the year. Other investors that joined the round… Continue reading Chinese electric vehicle maker Leap Motor raises $290m in funding

New Battery Breakthrough Might Reduce Need For Cobalt

Cobalt is expensive, so reduction is key. For Kevin Sahin, 77, innovating is a way of life. This scientist-turned-entrepreneur behind a battery technology adopted by chemical giants BASF SE and Johnson Matthey Plc is now back with yet another invention – one that he claims that will be able to boost electric vehicle performance in the… Continue reading New Battery Breakthrough Might Reduce Need For Cobalt

Honda launches new all-electric Everus VE-1 for ~$25,000 in China

Honda, with its Chinese partner GAC, has launched a new all-electric crossover in China and it’s going to sell for the equivalent of just ~$25,000 USD. The Japanese automaker doesn’t have much to show for itself when it comes to electrification. It has been delivering relatively low volumes of the electric version of the Clarity and… Continue reading Honda launches new all-electric Everus VE-1 for ~$25,000 in China

Driven to safety — it’s time to pool our data

Kevin Guo Contributor Kevin Guo is the CEO and co-founder of Hive. For most Americans, the thought of cars autonomously navigating our streets still feels like a science fiction story. Despite the billions of dollars invested into the industry in recent years, no self-driving car company has proven that its technology is capable of producing mass-market autonomous vehicles… Continue reading Driven to safety — it’s time to pool our data

Volkswagen strikes deal with Broadcom to end patent lawsuit – source

FILE PHOTO: Volkswagen logos are pictured during the media day of the Salao do Automovel International Auto Show in Sao Paulo, Brazil November 6, 2018. REUTERS/Paulo Whitaker/File Photo BERLIN (Reuters) – Germany’s Volkswagen (VOWG.DE) has struck a deal with U.S. semiconductor maker Broadcom (AVGO.O), ending a billion-dollar patent lawsuit that pitted the carmaker against its… Continue reading Volkswagen strikes deal with Broadcom to end patent lawsuit – source

Berlin-based Wind Mobility raises $22M for its e-scooter rental service

Wind Mobility, a Berlin-based mobility startup that offers “dockless” e-scooter (and electric bicycle) rentals, has raised $22 million in seed funding, throwing its hat into the ring as European competitor to Bird and Lime. It follows recent raises by Sweden’s VOI ($50 million Series A led by Balderton) and Germany’s Tier (€25 million Series A… Continue reading Berlin-based Wind Mobility raises $22M for its e-scooter rental service

Nissan boss detained for ‘another 10 days’

Japanese authorities have extended the detention of Nissan chairman Carlos Ghosn by 10 days, according to local media reports. It follows his arrest on Monday after Nissan made allegations of financial misconduct. Prosecutors had 48 hours after the arrest to press charges, release him or extend his custody. Nissan accused Mr Ghosn of under-reporting his… Continue reading Nissan boss detained for ‘another 10 days’