NIO Capital, the investment firm affiliated to Chinese electric-vehicle startup NIO, is close to completing the first round of its $500 million offshore fund that will put money in new automotive technologies, according to people with direct knowledge of the matter. The company is discussing with sovereign-wealth funds, energy and insurance companies in Asia and… Continue reading NIO Capital Is Said Close to Completing $500 Million Auto Fund
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VW overseer criticized clarification of the diesel affair
No cultural change recognizable: The ordered by the US authorities VW inspector Larry Thompson criticized according to a media report, the lax processing of the exhaust gas scandal. VW dealership in San Diego, California (icon image) Sunday, 22.04.2018 00:02 o’clock VW Overseer Larry Thompson has submitted his first report to the US Department of Justice.… Continue reading VW overseer criticized clarification of the diesel affair
NIO Capital nears completing first round of $500m auto fund to tap new tech
April 22, 2018 NIO Capital, the investment firm backed by Chinese electric-vehicle startup NIO, is close to completing the first round of its $500 million offshore fund that will put money in new automotive technologies, according to people with direct knowledge of the matter. The company is discussing with sovereign-wealth funds, energy and insurance companies… Continue reading NIO Capital nears completing first round of $500m auto fund to tap new tech
ABB Launches Its Cheapest Charging Station Yet
ABB, known mostly for its DC fast charging stations, launched a new family of AC charging stations. According to ABB, this is the most economical charging solution for homes and businesses in the company’s offering, but we didn’t spot pricing yet. There are three power levels – 4.6 kW (single-phase) and 11 kW or 22… Continue reading ABB Launches Its Cheapest Charging Station Yet
Biting criticism of established car manufacturers: Ex-Opel boss Neumann goes to car startup Evolozcity
All articles and backgrounds 04/22/2018 Biting criticism of established car manufacturers Ex-Opel boss Neumann goes to car startup Evolozcity DPA Dominates the big stage: Karl-Thomas Neumann at the IAA 2013 with Chancellor Angela Merkel. There were many rumors about Karl-Thomas Neumann in recent months. Time should be the former boss of the automaker Opel take… Continue reading Biting criticism of established car manufacturers: Ex-Opel boss Neumann goes to car startup Evolozcity
Volvo, FCA, PSA and Jaguar In Talks To Join IONITY, Tesla Too
39 M BY MARK KANE The IONITY ultra fast charging network, launched in Europe by BMW, Daimler, Ford, Volkswagen, Audi and Porsche, soon could be reinforced by more automakers. IONITY fast charging station in Brohltal-Ost, Germany (source: electrive.com) The idea of 400 stations (with about six 350 kW charging stalls each, on average) by the… Continue reading Volvo, FCA, PSA and Jaguar In Talks To Join IONITY, Tesla Too
Dyson Abandons Sakti3 Solid-State Battery Patents
47 M BY DOMENICK YONEY Well, this sucks. Dyson — the world-famous purveyor of non-traditional-looking vacuum cleaners, hair and hand dryers, and other assorted household items — has been investing vast amounts of money to develop a line of electric vehicles that were supposed to find their way to showrooms by 2020. Well, that automotive ambition may… Continue reading Dyson Abandons Sakti3 Solid-State Battery Patents
Start-up for electric cars: Ex-Opel boss Neumann goes to California
Karl-Thomas Neumann After the sale to Peugeot Opel boss Karl-Thomas Neumann has left his post. Now he apparently has found a new job: Neumann moves to California to a start-up for electric cars, as the “Frankfurter Allgemeine Sonntagszeitung” reports. Accordingly, Neumann joins Evelozcity, which was founded by Stefan Krause, the former CFO of BMW and… Continue reading Start-up for electric cars: Ex-Opel boss Neumann goes to California
How Renault has climbed the slope in Russia
Carlos Ghosn has no doubt: Russia will be his “cash machine”. Audacious, the bet has almost failed to weaken the boss of Renault and the accounts of the manufacturer. “When I came here two years ago, it was extremely difficult,” recalls Nicolas Maure, the French sent in 2016 by the Parisian management with the approval… Continue reading How Renault has climbed the slope in Russia
PSA Group demanded 3,700 job cuts in Germany: Opel works council chief
Opel, which PSA bought from General Motors for $2.6 billion, has made losses for almost 20 years, and Tavares has been frustrated in his bid to cut high production costs. FRANKFURT: PSA Group has demanded 3,700 staff cuts by 2020 in Germany and a process of buyouts and early retirement has already resulted in a… Continue reading PSA Group demanded 3,700 job cuts in Germany: Opel works council chief