Regensburg. The BMW Group is further expanding its Germany-based production capacities for electric drives. From 2021, battery cells for high-voltage batteries will be coated at BMW Group Plant Regensburg and complete high-voltage batteries will be produced from 2022. The company is investing over 150 million euros in the site in order to supply the growing… Continue reading @BMW: BMW Group Plant Regensburg will produce drive components for electrified vehicles from 2021000678
Category: Automotive
Following Dida’s IPO filing, Chinese ride-hailing startup Shouqi Yueche closes series C round
This round comes three years after Shouqi bagged US$105 million from Baidu and Nio Capital in its series B+ round in 2017. Go to Source
NVIDIA Smashes Performance Records on AI Inference
NVIDIA Extends Lead on MLPerf Benchmark with A100 Delivering up to 237x Faster AI Inference Than CPUs, Enabling Businesses to Move AI from Research to ProductionSANTA CLARA, Calif., Oct. 21, 2020 (GLOBE NEWSWIRE) — NVIDIA today announced its AI computing platform has again smashed performance records in the latest round of MLPerf, extending its lead… Continue reading NVIDIA Smashes Performance Records on AI Inference
Tekion Raises $150M in Series C; at $1B+ Valuation
Tekion, a San Ramon, Calif.-based cloud technology company and provider of SaaS retail operating platform, Automotive Retail Cloud, raised $150m in Series C financing round at over a $1 billion valuation. The round was led by Advent International with participation from Index Ventures, Exor (the holding company of Fiat Chrysler Automobiles and Ferrari), Airbus Ventures and… Continue reading Tekion Raises $150M in Series C; at $1B+ Valuation
FCA Enhances Online Retailing Experience
AUBURN HILLS, Mich., Oct. 21, 2020 /PRNewswire/ — Online Retailing Experience to now be called E-Shop Test drive appointments, online chats and other features to be added to E-Shop FCA is enhancing consumer capability to buy a Chrysler, Dodge, Jeep®, Ram, Fiat or Alfa Romeo vehicle over the internet by offering several new features to… Continue reading FCA Enhances Online Retailing Experience
Daimler India exports cross 35,000 CVs and 150 million parts to over 50 markets, to begin CKD exports to Malaysia
Daimler India Commercial Vehicles (DICV) has added another important milestone to its list with over 35,000 commercial vehicles and 150 million parts exported from the country. The CV maker has also added Malaysia as a new CKD market. The CKD (completely knocked down) vehicles are exported in parts and then assembled locally. DICV already exports… Continue reading Daimler India exports cross 35,000 CVs and 150 million parts to over 50 markets, to begin CKD exports to Malaysia
SuperCharge – new road-car based global electric motorsport series unveiled
Designed to appeal to audiences of all ages, SuperCharge has been created, in consultation with some of the world’s leading car manufacturers, as a new racing concept to showcase next-generation electric road cars in the volume and growth part of the market – compact SUVs and crossovers, as well as leading-edge battery technologies. Resetting the… Continue reading SuperCharge – new road-car based global electric motorsport series unveiled
Delhi-based Inverted Energy announces buyback scheme for its e3W li-ion battery
Delhi-based three-year-old energy storage start-up Inverted Energy has announced a buyback offer for its lithium-ion battery for e-rickshaws. Under the scheme, post the warranty period the company is offering to payback Rs 10,000 for the e-three-wheeler battery. Raghav Jain, co-founder, Inverted Energy said: “Inverted is paying back this amount after the warranty period ends intending… Continue reading Delhi-based Inverted Energy announces buyback scheme for its e3W li-ion battery
@Hyundai: Visual Deception: The Secret Behind Camouflage Patterns
For leakage prevention before unveiling new cars, automakers use camouflage patterns when they test their new models. So, what exactly a camouflage pattern is? Here’s the secret revealed. For every automaker in the world, the model launch is one of the most important issues. And until that day, they do their new designs or specs… Continue reading @Hyundai: Visual Deception: The Secret Behind Camouflage Patterns
Chinese ride-hailing firm Shouqi Yueche raises Series C funding
Ride-hailing platform Shouqi Yueche has raised ‘hundreds of millions of US dollars’ in its Series C funding round from a clutch of investors, per local media reports. The names of the investors have not been disclosed. The company last raised as much as 700 million yuan ($105 million) in its Series B+ funding round in November… Continue reading Chinese ride-hailing firm Shouqi Yueche raises Series C funding