Category: Automotive

@niche: Sono Motors Announces Closing of Follow-on Offering001841

Munich, Germany – Sono Group N.V. (Nasdaq: SEV; “Sono Motors” or the “Company”) announced today the closing of its previously announced underwritten follow-on offering of ordinary shares, resulting in approximately $40 million of gross proceeds. In connection with the offering, Sono Motors has granted the underwriters a 30-day option to purchase up to an additional 1,500,000… Continue reading @niche: Sono Motors Announces Closing of Follow-on Offering001841

@Hyundai: April 2022 Sales Results

HYUNDAI MOTOR COMPANY (HMC) Corporate Disclosure to Korea Exchange       Disclosure Title  :   April 2022 Sales Results (Tentative)   1. Sales Results: *Monthly sales Category (units) April 2022 March 2022 MoM   % Change April 2021 YoY   % Change Sales Unit Domestic 59,415 52,883 12.4 70,219 -15.4 Overseas 249,373 262,075 -4.8… Continue reading @Hyundai: April 2022 Sales Results

A preferential route: Effectiveness of FTAs in Indian exports

The ongoing COVID-19 pandemic has devastating health and economic consequences, with unprecedented disruption to people’s lives, the global economy and world trade. The impact of the pandemic was opposite to the norms that drive Free Trade Agreement. On the one hand, FTA works on the principles of open and integrated economies and the other hand,… Continue reading A preferential route: Effectiveness of FTAs in Indian exports

2022, the year when Renault should be overtaken by Tesla

Renault, overtaken by Tesla? If the tricolor manufacturer sold almost three times more cars last year than the electric car champion, the comparison of turnover is much less flattering for the firm at Diamond. Not to mention the difference in profitability or market capitalization, indicators on which Tesla now crushes all traditional manufacturers. In 2021,… Continue reading 2022, the year when Renault should be overtaken by Tesla

Chinese EV makers’ deliveries fall as lockdowns hit dealers, plants

Multiple Chinese electric-vehicle (EV) makers posted shrinking monthly deliveries in April as the country’s severe Covid outbreaks disrupted sales channels, supply chains and road transport. In April, Nasdaq-listed Li Auto Inc. delivered 4,167 vehicles, representing a 62% month-on-month plunge and a 14-month low, according to a Sunday statement. Go to Source

Magna Announces 2022 Annual and Special Meeting Results

AURORA, Ontario, May 03, 2022 (GLOBE NEWSWIRE) — Magna International Inc. (TSX: MG; NYSE: MGA) today announced voting results from its 2022 annual and special meeting of shareholders held on May 3, 2022. A total of 232,806,238 Common Shares or 78.92% of our issued and outstanding Common Shares were represented in person or by proxy… Continue reading Magna Announces 2022 Annual and Special Meeting Results

Argo AI, Zoox and Coalition for Reimagined Mobility to discuss what makes a ‘good AV citizen’

Developers of autonomous vehicles have long promised that the technology will fundamentally change the way people, packages and freight move around the world. But will these robotaxis, self-driving trucks and delivery bots be good citizens in the cities in which they operate? And what does a “good AV citizen” even look like? We’ve invited three… Continue reading Argo AI, Zoox and Coalition for Reimagined Mobility to discuss what makes a ‘good AV citizen’