Inceptio Technology, a Chinese autonomous truck technology and operation company, hascompleted a new round of US$120 million in equity financing. This round of financing was led by Contemporary Amperex Technology, a lithium-ion battery R&D and manufacturing company, and all existing shareholders including GLP, G7, and NIO Capital participated in the investment as well. UNLOCK DATASubscribe… Continue reading Chinese Self-Driving Truck Firm Inceptio Tech Raises $120M Round
Category: Automotive
Cruise is teaming up with Walmart for robo-delivery in Arizona
Cruise is partnering with Walmart to test out a delivery service using a fleet of autonomous and electric vehicles. The pilot project will kick off in early 2021 and take place in Scottsdale, Arizona. Cruise has yet to settle on a final number of cars it will use as part of the delivery service. The… Continue reading Cruise is teaming up with Walmart for robo-delivery in Arizona
@Geely: Kandi Technologies Announces Entry into Agreement for Registered Direct Placement of $60 Million of Common Stock and Warrants
JINHUA, China, Nov. 10, 2020 (GLOBE NEWSWIRE) — Kandi Technologies Group, Inc. (the “Company” or “Kandi”) (NASDAQ GS: KNDI), today announced that it has entered into a securities purchase agreement with certain institutional investors for a registered direct placement of $60 million of common stock at a price of $6.38 per share. The Company will… Continue reading @Geely: Kandi Technologies Announces Entry into Agreement for Registered Direct Placement of $60 Million of Common Stock and Warrants
@Geely: New LEVC and Santander partnership to offer attractive range of finance packages in Germany
10th November 2020, Ansty LEVC (London Electric Vehicle Company) customers in Germany can now benefit from an attractive range of new finance products thanks to a partnership with global bank, Santander. The agreement sees Santander become the retail finance provider for the German market. LEVC customers now have access to a whole new suite of… Continue reading @Geely: New LEVC and Santander partnership to offer attractive range of finance packages in Germany
@Nissan: A decade of EVolution with the Nissan LEAF000111
2020/11/10 Nissan debunks the myths and misconceptions of electric vehicles Highlights the evolution of mass-market electric mobility, kick-started by the LEAF in 2010 Drawing upon its heritage and the increasing popularity of EVs, Nissan releases 10 insights learned from a decade of LEAF Nissan LEAF unites advanced technology and thrilling electrified power for an engaging… Continue reading @Nissan: A decade of EVolution with the Nissan LEAF000111
Allison Transmission Prices Offering of $1 Billion Aggregate Principal Amount of 3.750% Senior Notes Due 2031
INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission Holdings, Inc. (NYSE: ALSN) (“Allison” or the “Company”) today announced that its wholly owned subsidiary, Allison Transmission, Inc. (the “Issuer”), priced its offering of $1 billion in aggregate principal amount of 3.750% Senior Notes due 2031 (the “Notes”) on November 9, 2020 in a private placement (the “Offering”) exempt from registration under… Continue reading Allison Transmission Prices Offering of $1 Billion Aggregate Principal Amount of 3.750% Senior Notes Due 2031
Motherson Sumi Systems reports net profit of Rs 337 crore for Q2 FY2021, down 12%
Tier 1 major Motherson Sumi Systems has announced its financial results for Q2 FY2021, with revenue of Rs 14,952 crore, down 6 percent (Q2 FY2020: Rs 15,924 crore), profit after tax of Rs 337 crore (-12% YoY), compared to Rs 384 crore for the same period last year. The company says that there has been… Continue reading Motherson Sumi Systems reports net profit of Rs 337 crore for Q2 FY2021, down 12%
Mahindra reports net profit of Rs 162 crore for Q2 FY2021, down 88%
Mumbai-headquartered automotive major Mahindra & Mahindra announced its financial results for the Q2 FY2021. The company reported consolidated revenue of Rs 11,590 crore, a growth of 6 percent YoY (Q2 FY2020: Rs 10,935 crore), profit after tax of Rs 162 crore, (-88% YoY) compared to a profit of Rs 1,355 crore reported for the same… Continue reading Mahindra reports net profit of Rs 162 crore for Q2 FY2021, down 88%
Dallara Stradale Is An Italian Supercar With A Ford 2.3L EcoBoost For A Heart – Ford Authority
Sponsored Links From time to time, a low volume European automaker will get seduced by an engine from Ford Motor Company. For instance, De Tomaso equipped its mid-engine Pantera with several different Ford V8 powerplants throughout its 22-year-long-run. Zenos Cars upheld that tradition by equipping its Z10 with the Ford 2.0L EcoBoost I-4. And now,… Continue reading Dallara Stradale Is An Italian Supercar With A Ford 2.3L EcoBoost For A Heart – Ford Authority
Scania Interim Report January-September 2020
SÖDERTÄLJE, Sweden, Nov. 10, 2020 /PRNewswire/ — Scania delivered a strong underlying performance during the period though significantly impacted by the global pandemic. Summary of the first nine months of 2020 Net sales decreased by 22 percent to SEK 88,843 m. (113,815) Operating income decreased by 62 percent and amounted to SEK 5,249 m. (13,889)… Continue reading Scania Interim Report January-September 2020