WASHINGTON, Jan. 22, 2020 /PRNewswire/ — Karma, the Southern California-based high-tech mobility incubator and creator of luxury electric vehicles, and the Alliance for Automotive Innovation, the singular, authoritative and respected voice of the automotive industry, today announced the company has joined the organization as its newest member. With a shared focus on innovation, technology and growth,… Continue reading Karma Joins The Alliance For Automotive Innovation
Category: Newswire
Debt-laden Evergrande raises more debt
…percentage point from the same period a year ago. Evergrande is under pressure from its debt overhang amid a cooling market and heavy investments in electric cars . At the end of June 2019, the company…
Lucid Motors Opens Reservations for the Lucid Air in Europe, Fulfilling its Promise to Bring the Groundbreaking All-Electric Sports Sedan to Multiple Markets
For the equivalent of $1,000 USD, customers in Austria, Belgium, Denmark, Finland, France, Germany, Iceland, Italy, Monaco, Netherlands, Norway, Spain, Sweden, and Switzerland will secure their place in line for the Lucid Air. Specific markets were selected due to a combination of charging infrastructure and market acceptance and size. Expansion in Europe is planned in… Continue reading Lucid Motors Opens Reservations for the Lucid Air in Europe, Fulfilling its Promise to Bring the Groundbreaking All-Electric Sports Sedan to Multiple Markets
OXIS Energy Is Close to Achieving 500Wh/kg and Is Targeting 600Wh/kg With Solid State Lithium Sulfur Technology
OXIS has also successfully developed a standard Li-S battery module that saves production time and cost. It is the key building block for customer batteries and can be utilised in electric buses, electric trucks, aircraft and marine vessels. Its main features are: Lightweight design – less than 20% of the module is non-cell mass ensuring… Continue reading OXIS Energy Is Close to Achieving 500Wh/kg and Is Targeting 600Wh/kg With Solid State Lithium Sulfur Technology
Simpson Performance Products Acquires Clearwater Lights
NEW YORK, Jan. 21, 2020 /PRNewswire/ — Simpson Performance Products (“Simpson,” “SPP” or the “Company”), a portfolio company of New York-based private equity firm, BRS & Co. (“BRS”), acquired Clearwater Lights (“Clearwater”) from its founder, Glenn Stasky, who will become a senior member of the SPP team and continue to lead the Clearwater operation. Based in… Continue reading Simpson Performance Products Acquires Clearwater Lights
Software Motor Company raises new $25 million round
SAN FRANCISCO, Jan. 21, 2020 /PRNewswire/ — Software Motor Company (SMC) has completed a $25 million financing round, including a first-time investment by BMW i Ventures. This fundraise will permit SMC to continue accelerating product development efforts and achieve new milestones. SMC intends to raise its final round in summer 2020. SMC has now raised… Continue reading Software Motor Company raises new $25 million round
Silvercar, Inc. bolsters mobility strategy with new key executives
AUSTIN, Texas, Jan. 21, 2020 /PRNewswire/ — Automotive mobility solutions company Silvercar, Inc. is looking toward the future and continued growth with the appointments of three new executives including Jefferson Macks, CFO, Kerry McGowne, EVP of Corporate Communications and Brand and Nathan Yang, VP of Product. The new members of the executive leadership team are a… Continue reading Silvercar, Inc. bolsters mobility strategy with new key executives
BMW has record year in Hungary
The BMW Group closed 2019 with record sales in Hungary, up 18% from the previous year, selling a total of 3,714 BMWs, and 59% more Mini models, said András Salgó, corporate communications director, at a press conference, writes origo.hu.It is ranked third in the all-electric cars marketed in Hungary, after the Nissan Leaf and Volkswagen e-Golf.In 2019, a total of 1,706 fully electric cars were sold on the Hungarian market.
Magyar Suzuki to make only hybrid models for EU markets
Japanese car market Suzuki will produce only cars fitted with hybrid engines from this year for EU markets at its plant in Esztergom (39 km northwest of Budapest), the company told Hungarian news agency MTI on Monday.It had revenue of EUR 1.95 billion in 2018, including domestic revenue of EUR 280.4 million.
Valmet receives the best A rating in CDP’s climate program ranking for the second consecutive year
Valmet Oyj’s press release on January 20, 2020 at 11:00 a.m. EETValmet has been recognized for its actions and strategy to mitigate climate change by receiving the best A rating in CDP’s climate program ranking for the second consecutive year. CDP’s evaluation is based on the company’s 2019 disclosure about its actions in the last… Continue reading Valmet receives the best A rating in CDP’s climate program ranking for the second consecutive year