Category: Automotive

China Tech Digest: NIO Plans Overseas Push, Chinese Data Center Firm Re-Lists In Hong Kong

NIO plans overseas push Chinese EV maker NIO is preparing to build an overseas business unit, and plans to sell its models in Europe. According to informed sources, the first overseas NIO House, its exhibition store, may be opened in Copenhagen, Denmark. Another person familiar with the matter said that NIO currently has a team… Continue reading China Tech Digest: NIO Plans Overseas Push, Chinese Data Center Firm Re-Lists In Hong Kong

Hyundai Motor America Reports October 2020 Sales

FOUNTAIN VALLEY, Calif., Nov. 3, 2020 /PRNewswire/ — Hyundai Motor America reported total October sales of 57,395 units, a 1% increase compared with October 2019. Retail sales were up 10%. Hyundai fleet sales were down 45% and represented 9% of total volume. “October was the second straight month with double digit Hyundai retail sales growth as… Continue reading Hyundai Motor America Reports October 2020 Sales

Indonesian e-trucking platform Logisly raises $6m led by Monk’s Hill Ventures

Indonesian e-forwarding startup Logisly has announced the close of its $6 million Series A funding round led by Silicon Valley-based VC firm Monk’s Hill Ventures, confirming an earlier report by DealStreetAsia. The company did not disclose the other investors in the round. In an official statement, the company said it will use the fresh capital… Continue reading Indonesian e-trucking platform Logisly raises $6m led by Monk’s Hill Ventures

Acquisition Of Team Wendy By Avon Rubber p.l.c. Now Closed

Together, Avon Protection and Team Wendy are a global leader in head protection systems for the military and first responder markets, following Avon Protection’s acquisition of 3M’s ballistic protection business and the Ceradyne brand earlier this year. “Today we start an exciting new chapter for Team Wendy that will usher in new opportunities for our… Continue reading Acquisition Of Team Wendy By Avon Rubber p.l.c. Now Closed

@Renault: LADA: sales results for October 2020000121

LADA summed up the results of its sales in October 2020. In October, 37,030 cars were sold, including LADA Niva, which is 22.5% more than was sold in October 2019 and an absolute record for the number of cars sold per month (for the period starting from October 2014, when 37,788 were sold).The top three… Continue reading @Renault: LADA: sales results for October 2020000121

@Renault: RENAULT SCENIC 2021, OPENING ORDERS000121

Renault Scenic gets a makeover for 2021, with a new grille, a renewed lower grille and redesigned fog lamps. At the rear, the trunk door fascia gains in distinction with a chrome finish on all finishes. A shark antenna makes its appearance from the Limited version. New 20-inch wheels are available on the SL Limited… Continue reading @Renault: RENAULT SCENIC 2021, OPENING ORDERS000121

@Hyundai: The New Future of Electric Sports Cars: EV Concept RM20e

Play Hyundai Motor Company has been working on the project RM, which aims to develop high-performance technologies, and unveiled RM20e, the fifth model of the project. Being the first high-performance electric vehicle, RM20e will be an important milestone towards the mass production of high-performance N electric vehicles. Hyundai has revealed a hint of its future… Continue reading @Hyundai: The New Future of Electric Sports Cars: EV Concept RM20e

South Korean Government to Invest 22 Million Dollars to Build a Testing Industrial Complex for “Medium and Large-Sized Secondary Batteries”

The South Korean Government is getting ready to build infrastructures to test “medium and large-sized secondary batteries” that have emerged as an important industry for future generations. Based on a platform that is able to test, analyze, and evaluate key materials and components, it will look to focus on being self-reliant on secondary battery technology.… Continue reading South Korean Government to Invest 22 Million Dollars to Build a Testing Industrial Complex for “Medium and Large-Sized Secondary Batteries”