Category: Newswire

2020 marks end of support for fuel cell cars

Hydrogen fuel cell vehicles will no longer receive government subsidies when China withdraws its financial stimuli by the end of 2020.And despite the financial support, China’s fuel cell industry has not made breakthroughs and has not seen rapid development,” said the ministry.It expects global fuel cell vehicles to grow to around two million vehicles a year within that timeframe.

CATL and VWCO Collaborate to Speed up Global Commercial Vehicle Electrification

Remarkable LFP and CTP application– the latest standard CV product of CATLThe cooperated electric trucks will be applied with the latest model of standard battery pack in CATL that is specifically designed for commercial vehicles. Using the LFP chemistry system, which features exceptional long cycle life and high thermal runaway temperature of up to 800°C,… Continue reading CATL and VWCO Collaborate to Speed up Global Commercial Vehicle Electrification

Mexican motor city ‘getting desperate’ as GM’s U.S. strike takes heavy toll

SILAO, Mexico, Oct 11 (Reuters) – Half a continent away from the auto plants of Detroit, U.S. strikes at General Motors (GM) have sent shivers through the central Mexican city of Silao, where the local GM factory furloughed 6,000 workers last week when parts from the United States ran out.
Rich or poor, residents are anxiously hoping the labor dispute will end so the company reopens the plant, which has been an anchor of the local economy since GM arrived a generation ago, transforming the landscape forever.
“General Motors is the biggest source of income here. When General Motors stops, everything stops,” said Silao resident Francisco Vazquez. “Before General Motors, there was nothing.”
Once a provincial backwater with a handful of colorful old churches, Silao is now enveloped in a thick cordon of factories and warehouses serving automotive companies from all over the world.
In the years after GM opened the Silao plant in 1995, dozens of other firms followed, such as Volkswagen, Conti..

GROUPE RENAULT : BOARD OF DIRECTORS OF RENAULT’S PRESS RELEASE

PRESS RELEASE                                                                                                       2019/10/11BOARD OF DIRECTORS OF RENAULT’S PRESS RELEASEBoulogne-Billancourt, October 11th, 2019 – The Board of Directors of Renault met today to decide on the Group’s governance.At this meeting, the Board of Directors decided to end the mandate of Mr Thierry Bolloré as Chief Executive Officer of Renault SA and President of Renault s.a.s with… Continue reading GROUPE RENAULT : BOARD OF DIRECTORS OF RENAULT’S PRESS RELEASE

Kandi Technologies Announces Change of Independent Accounting Firm to Marcum Bernstein & Pinchuk LLP

JINHUA, China, Oct. 11, 2019 (GLOBE NEWSWIRE) — Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”) (NASDAQ GS: KNDI), announced today that in order to have an audit firm more accessible to PCAOB inspections, the Company has appointed Marcum Bernstein & Pinchuk LLP (“MBP”) as the Company’s new independent registered public accounting firm effective… Continue reading Kandi Technologies Announces Change of Independent Accounting Firm to Marcum Bernstein & Pinchuk LLP

Renault board to meet, as CEO denounces potential exit as ‘coup’

PARIS, Oct 10 (Reuters) – Renault SA's CEO, Thierry Bollore, denounced as a “coup” his potential exit from the French carmaker, which has called a board meeting on Friday to discuss governance matters.
Bollore also told Les Echos newspaper on Thursday he was appealing to the key Renault shareholder, the French state, to avoid destabilising the company.
“The brutality and the totally unexpected character of what is happening are stupefying … This coup de force is very worrying,” Bollore said.
Earlier, Bollore had skirted the matter of his potential exit from the firm in a conversation with staff on Thursday, two company sources said.
A source close to the French government – a major Renault shareholder – earlier this week confirmed that a senior management shake-up at Renault was on the cards.
Le Figaro newspaper reported that Chairman Jean-Dominique Senard was poised to kick off a process to replace Bollore.
The French finance ministry expressed its support of Senard on Thursday..