Category: Automotive

Singapore Digest: GetGo launches carsharing fleet, Her Capital invests in Neufast 

GetGo, a Singapore-based carsharing platform, has launched its services in the country while Her Capital has announced its first investment in Hong Kong-based human resource (HR) tech startup Neufast. GetGo to roll out 400 vehicles in Singapore GetGo, a Singapore-based carsharing platform, announced its launch on Thursday and said it will be rolling out 400… Continue reading Singapore Digest: GetGo launches carsharing fleet, Her Capital invests in Neufast 

Suzuki Motor Corp’s five-year plan bullish on growth from India

After celebrating 100 years of its existence in March last year, Japanese auto giant Suzuki Motor Corporation (SMC) has revealed its next five-year mid-term management plan which determines its actionable outlines for growth between April 2021 and March 2026. The company is going to rely on emerging economies like India, which will continue to be… Continue reading Suzuki Motor Corp’s five-year plan bullish on growth from India

Luxury car-maker Mazzanti raises funds on STOKR | Venture Capital | Fintech Magazine – FinTech Magazine – The FinTech & InsurTech Platform

STOKR – the Luxembourg-based digital marketplace for alternative assets, has announced the launch of Mazzanti’s security token offering (STO) on its investment platform. The move makes Mazzanti the first supercar brand in the world to raise funds in the form of digital securities – and allow its investors a revenue share via an STO. Mazzanti… Continue reading Luxury car-maker Mazzanti raises funds on STOKR | Venture Capital | Fintech Magazine – FinTech Magazine – The FinTech & InsurTech Platform

Tesla shuts down Model 3 production line for 2 weeks amid chip shortage

Tesla is shutting down a Model 3 production line at Fremont factory for 2 weeks amid an industry-wide microchip shortage. According to a new report from Bloomberg, Tesla has informed employees from a Model 3 production line at Fremont factory that their line is being shut down until March 7: “Workers on a Model 3… Continue reading Tesla shuts down Model 3 production line for 2 weeks amid chip shortage

Chinese intelligent auto maker ECARX raises $200m at over $2b valuation

ECARX, an intelligent auto solutions provider backed by Chinese automaker Geely, has raked in over $200 million in a Series A+ round of financing led by state-owned China Venture Capital Fund, the startup announced on Thursday. In a statement, the startup said that it is gearing up for an all-around business expansion into the international… Continue reading Chinese intelligent auto maker ECARX raises $200m at over $2b valuation

@Mazda: Mazda Production and Sales Results for January 2021

TOKYO, Feb 25, 2021 – (JCN Newswire) – Mazda Motor Corporation’s production and sales results for January 2021 are summarized below. I. Production 1. Domestic ProductionMazda’s domestic production volume in January 2021 decreased 12.1% year on year due to decreased production of passenger and commercial vehicles. [Domestic production of key models in January 2021]CX-5: 27,399… Continue reading @Mazda: Mazda Production and Sales Results for January 2021

@Honda: Honda Reports Production, Sales and Export Results in January, 2021

Thursday, 25 February 2021, 14:27 HKT/SGT      Source: Honda TOKYO, Feb 25, 2021 – (JCN Newswire) – Honda Motor Co., Ltd. today announced a summary of automobile production, Japan domestic sales, and export results for the month of January 2021. World Production – Production in Japan experienced a year-on-year decrease for the first time in… Continue reading @Honda: Honda Reports Production, Sales and Export Results in January, 2021

German Electric Vehicle (EV) manufacturer, e.GO Mobile, successfully closes Series B funding round

The round attracted renowned international investors from all around the globe, including Moore Strategic Ventures (MSV), the privately held investment company for Louis M. Bacon, founder & CEO of Moore Capital Management, LP; John Snow, Previous U.S. Secretary of Treasury; Alejandro Agag, the founder and Chairman of Formula E and a pioneer in EV racing… Continue reading German Electric Vehicle (EV) manufacturer, e.GO Mobile, successfully closes Series B funding round

@Daimler: Daimler Truck AG ends 2020 COVID year confident and sees significant increase in unit sales in 2021

COVID year 2020 characterized by significantly declined markets in the first two quarters, impact on unit sales, revenue and earnings Recovery of markets in the second half of the year; positive order intake signals growth course; increase of market shares Daimler Truck AG expects increase in sales, revenue, return on sales in 2021 Planned Spin-off… Continue reading @Daimler: Daimler Truck AG ends 2020 COVID year confident and sees significant increase in unit sales in 2021