LG Chem Ltd., South Korea’s largest chemicals company, said Tuesday it has acquired a Turkish television assembly factory in Poland for US$31.4 million to expand its plant for electric vehicle (EV) batteries.The South Korean chemical giant plans to raise its capacity to 100 GWh, enough to supply batteries to 1.6 million electric vehicles, by the end of this year.LG Chem supplies electric vehicle batteries to 13 of the top 20 car brands, including German automaker Volkswagen, French carmaker Renault, American auto giant General Motors and South Korea’s largest carmaker, Hyundai Motor.
Category: Newswire
JLR rejects concerns over handling of new tax law
…person added. A large exodus of workers could trigger delays to the production of Land Rover car models and new electric vehicles, they warned. Alexander Wilson, an IR35 barrister and chartered tax adviser…
Hyundai Motor Unveils “Prophecy” Concept EV
– New concept EV takes Sensuous Sportiness design philosophy to the next level – Concept EV expands Hyundai’s concept of Optimistic Futurism with the aim of forging an emotional connection between humans and automobiles SEOUL, South Korea and OFFENBACH, Germany, March 3, 2020 /PRNewswire/ — Hyundai Motor Company unveiled its new concept EV, “Prophecy”, expressing the… Continue reading Hyundai Motor Unveils “Prophecy” Concept EV
Disclosure of inside information in accordance with Art. 17 MAR Grammer AG (WKN 589540, ISIN DE0005895403)
Disclosure of inside information in accordance with Art. 17 MARGrammer AG (WKN 589540, ISIN DE0005895403) -Earnings for Q1/2020 expected to be very significantly below previous year-Executive Board’s proposal for the appropriation of profit of EUR 0.11 per share Amberg, March 2nd, 2020 – Based on the preliminary figures for the months of January and February… Continue reading Disclosure of inside information in accordance with Art. 17 MAR Grammer AG (WKN 589540, ISIN DE0005895403)
Nissan to start working in one shift due to challenging market situation
MOSCOW, March 2. /TASS/. The Nissan plant in St. Petersburg will switch over to working in one shift during several months because of the challenging situation on the Russian car market, an official spokesperson of the company told TASS.
“The Nissan plant will switch to a single shift during several months. The decision is absolutely unrelated to the coronavirus. The reason is in the challenging situation on the Russian market,” the spokesperson said.
The company expects to return to the two-shift schedule after the car market recovery, he added.
Pony.ai Raises $400 Million from Toyota to Accelerate Autonomous Driving Development
FREMONT, Calif., Feb. 25, 2020 (GLOBE NEWSWIRE) — Pony.ai, an autonomous driving company, announces today that it has raised $400 million from Toyota Motor Corporation to deepen and expand the two companies’ collaboration in mobility services. The investment comes as an extension of a business partnership that was formed between Pony.ai and Toyota in 2019.… Continue reading Pony.ai Raises $400 Million from Toyota to Accelerate Autonomous Driving Development
ON Semiconductor and Pony.ai Collaboration on Next-Gen Image Sensing and Processing Technologies for Autonomous Vehicles
FREMONT, Calif., Jan. 06, 2020 (GLOBE NEWSWIRE) — ON Semiconductor (Nasdaq: ON), driving energy efficient innovations, and Pony.ai, a leading autonomous driving technology company, announced today that they will collaborate on developing next-generation image sensing and processing technologies for machine vision to enhance the reliability and scalability of mass-produced autonomous vehicles.Pony.ai is working to revolutionize… Continue reading ON Semiconductor and Pony.ai Collaboration on Next-Gen Image Sensing and Processing Technologies for Autonomous Vehicles
Ferrari N.V.: informativa periodica sull’acquisto di azioni proprie
Maranello (Italia), 2 marzo 2020 – Ferrari N.V. (“Ferrari” o la “Società”) (NYSE/MTA: RACE) annuncia, nell’ambito della terza tranche del programma di acquisto di azioni proprie annunciata in data 14 novembre 2019 (“Terza Tranche”), di avere acquistato sul Mercato Telematico Azionario (MTA) le ulteriori azioni ordinarie sotto riportate su base giornaliera, in forma aggregata:Dall’annuncio della… Continue reading Ferrari N.V.: informativa periodica sull’acquisto di azioni proprie
Renault Samsung’s Feb. sales plunge 40 pct on lower demand, reduced output
Renault Samsung Motors Corp. said Monday its sales plunged 40 percent last month from a year earlier due to a shortage of parts caused by the outbreak of the new coronavirus.The company stopped the operation of its sole plant in Busan, 453 kilometers south of Seoul, for four working days in February.French carmaker Renault S.A. has an 80-percent stake in Renault Samsung.
Shouqi Limousine & Chauffeur installs in-car ultraviolet air cleaning devices for traveling peace-of-mind, upgrading to a more clean riding environment
Currently, China’s battle against the novel coronavirus outbreak has entered into a critical phase and “epidemic prevention and resumption of production” have become the key words in this period. The missions and responsibilities are resting on our shoulders. In response to the call of the Party and the government, Shouqi Limousine & Chauffeur has continuously… Continue reading Shouqi Limousine & Chauffeur installs in-car ultraviolet air cleaning devices for traveling peace-of-mind, upgrading to a more clean riding environment