China’s Geely Automobile Holdings Ltd aims to increase the proportion of electric vehicles (EVs) in its total sales to 50% in 2023, as it accelerates a transition to electric power amid weakening demand for petrol-driven cars. Sales of pure electric and plug-in hybrids will already account for more than 30% of Geely‘s monthly sales in the second half… Continue reading China’s Geely wants half its vehicle sales to be electric in 2023, says CEO
Category: Automotive
China Tourism Group Duty Free said to have raised $2.1b in Hong Kong listing
China Tourism Group Duty Free Corp is set to price its shares at HK$158 each to raise up to $2.07 billion in its Hong Kong listing, according to two sources with direct knowledge of the matter. Shanghai-listed China Tourism sold 102.76 million shares in the largest share sale in Hong Kong so far this year. The sources could not be… Continue reading China Tourism Group Duty Free said to have raised $2.1b in Hong Kong listing
South Korea’s SK Inc. invests $100m in EV-focused US startup Atom Power
Korea’s SK Inc has invested $100 million in North Carolina startup Atom Power, which aims to upgrade the electric vehicle (EV) charging experience in the United States with new hardware and software, the companies said Thursday. Based in Huntersville, North Carolina, eight-year-old Atom Power has developed a digital circuit breaker that provides more control, flexibility and reliability… Continue reading South Korea’s SK Inc. invests $100m in EV-focused US startup Atom Power
The Big Ten’s new deal makes sports streaming rights more confusing than ever
The Big Ten Conference announced a new slate of sports TV and streaming deals on Thursday, which will reportedly bring the conference more than $8 billion over the next seven years. It’s the richest rights deal in the history of college sports, with most of the money coming from Fox, CBS, and NBC — and… Continue reading The Big Ten’s new deal makes sports streaming rights more confusing than ever
Hennessey guns for speed record with 300mph+ Venom F5 Roadster
Hennessey has created an open-top variant of its Venom F5, fitted with the same 1817bhp Fury V8 engine and expected to become the world’s fastest convertible, with a claimed top speed over 300mph. Created after an outcry from fans, the Venom F5 Roadster is nearly identical to its coupé sibling, bar the removable 8kg roof –… Continue reading Hennessey guns for speed record with 300mph+ Venom F5 Roadster
New Mercedes-Benz CLE to replace family of two-door models
Mercedes-Benz is putting the finishing touches to the all-new CLE Coupé and CLE Cabriolet ahead of a planned unveiling for the new two-door models, codenamed C236 and A236, in 2023. Due on sale shortly before the sixth-generation E-Class arrives next year, the CLE has been developed as areplacement for six models: the coupé and convertible versions of the C-Class, E-Class and S-Class. The move comes as Mercedes consolidates… Continue reading New Mercedes-Benz CLE to replace family of two-door models
UK has electric car charging ‘black holes’, warns AA
“As these latest statistics show, we’ll be funding thousands more chargepoints across the country – adding to the thousands that are already installed – to help drivers become even more confident in making the switch to electric vehicles.” A spokeperson for Ubitricity, which specialises in installing chargers into existing roadside furniture (including lamp-posts), said to Autocar: “We aim to… Continue reading UK has electric car charging ‘black holes’, warns AA
Dodge reveals electric, high-powered Charger Daytona SRT concept
— Autocar (@autocar) August 18, 2022 The Charger Daytona SRT’s design resembles the standard Charger’s but the firm says aerodynamics have been improved with a bespoke R-Wing and performance bonnet. The exterior also features carbonfibre intakes and an illuminated front grille, along with the Fratzog logo, which returns for the first time since 1976 to represent Dodge’s… Continue reading Dodge reveals electric, high-powered Charger Daytona SRT concept
Income Investors Should Know That Linamar Corporation (TSE:LNR) Goes Ex-Dividend Soon
Readers hoping to buy Linamar Corporation (TSE:LNR) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. The ex-dividend date occurs one day before the record date which is the day on which shareholders need to be on the company’s books in order to receive a dividend.… Continue reading Income Investors Should Know That Linamar Corporation (TSE:LNR) Goes Ex-Dividend Soon
S.Korea’s Hyundai Mobis aims to separate key businesses into new units
SEOUL (Reuters) -South Korean auto parts maker Hyundai Mobis Co Ltd said on Thursday it was considering separating its modules and key parts production businesses into new wholly owned units in an effort to enhance each segment’s expertise and maximise efficiency. Hyundai Mobis, an affiliate of automaker Hyundai Motor Co, said in a regulatory filing… Continue reading S.Korea’s Hyundai Mobis aims to separate key businesses into new units