As a response to Tesla, Volkswagen announced the construction of a new two-billion-euro factory on the same day the American automaker received the green light to wrap up its Grunheide plant near Berlin. After producing the Beetle and the Golf, the historic Wolfsburg headquarters should deliver the future all-electric Trinity models from the world’s second-largest… Continue reading Volkswagen launches 2 billion euro project for an electric car factory
Category: Automotive
VINFAST US AND URGENTLY TO CREATE WORLD-CLASS, WHITE GLOVE ROADSIDE ASSISTANCE PROGRAM FOR EVs
The roadside assistance program jointly developed and supplied by VinFast and Urgently will come via a mobile solution to provide communications between customers and VinFast’s customer experience center 24-hours a day, via text, in-car updates and through the VinFast App. The program offers traditional towing services as well as flat tire support, lockout assistance, ride-hail… Continue reading VINFAST US AND URGENTLY TO CREATE WORLD-CLASS, WHITE GLOVE ROADSIDE ASSISTANCE PROGRAM FOR EVs
Geely-Proton: READ MORE000032
3 Mar 2022 PROTON SALES REBOUND IN FEBRUARY 2022 – Sales grow by 107% compared to January – Further growth expected as all production activities resume Subang Jaya, 2 March 2022 – Following a challenging January where its production line was badly affected by unresolved flooding issues, national car maker PROTON rebounded in February with a… Continue reading Geely-Proton: READ MORE000032
Self-driving startup Pony.ai valued at $8.5b after first tranche of Series D funding …
Self-driving tech company Pony.ai, backed by Toyota Motor Corp, has raised the first tranche of its Series D round of financing to reach a valuation of $8.5 billion, the startup announced on Monday. While it did not disclose the investors or financial details of the first tranche, Pony.ai said that the fresh capital brought its… Continue reading Self-driving startup Pony.ai valued at $8.5b after first tranche of Series D funding …
Allison Transmission Unveils New Innovation Center at Indianapolis Headquarters
INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission, a leading designer and manufacturer of conventional, electric hybrid and fully electric vehicle propulsion solutions, today unveiled the Allison Transmission Innovation Center, a new 96,000-square-foot facility featuring enhanced product and technology development and validation capabilities to support its customers, industry partners and suppliers. At the state-of-the-art facility located on the campus of… Continue reading Allison Transmission Unveils New Innovation Center at Indianapolis Headquarters
Patrick Industries, Inc. Completes Acquisition of Rockford Corporation and the Rockford Fosgate Brand
ELKHART, Ind., March 7, 2022 /PRNewswire/ — Patrick Industries, Inc. (NASDAQ: PATK) (“Patrick” or the “Company”) announced today that it has completed its previously announced acquisition by merger of Arizona-based Rockford Corporation (“Rockford”) and the Rockford Fosgate® brand. Rockford is a global leader in the design and distribution of premier, high-performance audio systems and components,… Continue reading Patrick Industries, Inc. Completes Acquisition of Rockford Corporation and the Rockford Fosgate Brand
Tesla owner charged ~$600,000 at charging station because of a Supercharger bug
A Tesla owner in China was surprised with a ~$600,000 bill after a stop at a Supercharger station. The automaker says it was a bug. For years, Tesla never charged anything for its customers to charge at Supercharger stations. It was part of the owner’s experience and included in the price of its vehicles. This… Continue reading Tesla owner charged ~$600,000 at charging station because of a Supercharger bug
GM, partner POSCO announce plans for Quebec battery material site
General Motors Co. and POSCO Chemical are planning to build a facility in Quebec to produce material for GM’s future electric vehicle batteries, the companies said Tuesday. GM and South Korea-based POSCO are working with the governments of Canada and Quebec to construct the new facility in Bécancour. The investment cost is estimated at $400 million (C$500… Continue reading GM, partner POSCO announce plans for Quebec battery material site
Hubject publishes Open Plug & Charge protocol
Hubject, the developer of an eRoaming platform that allows drivers to use charging stations from different networks in Europe, has published an independent protocol to standardize the developing Plug & Charge ecosystem. Plug & Charge (which, ironically for a system designed to enable interoperability, is also referred to as “Plug&Charge,” “Plug and Charge” and perhaps… Continue reading Hubject publishes Open Plug & Charge protocol
Ukraine crisis: Growth, demand to take a hard hit, deficit to soar
The Russia-Ukraine crisis-led global hike in crude oil prices to $130 per barrel is expected to trigger an inflationary trend in India which will dent growth as well as demand recovery. The inflationary blow is expected to push up prices of everything from food items to manufactured goods. Besides, the trend might force the Reserve… Continue reading Ukraine crisis: Growth, demand to take a hard hit, deficit to soar