As Lucid’s 1,000+ employees return to work in a phased approach based on local and state mandates – with none ever laid off or furloughed – they resume vehicle development work that was only briefly delayed during shelter-in-place. Furthermore, that effort is accelerated by over 160 new employees who were hired in the last 90… Continue reading Lucid Motors Resumes Large-Scale Vehicle Development; Production Version of the Lucid Air Premieres in September
Category: Newswire
Spain launches €4.2bn auto industry stimulus package
Spain’s government has recently announced its intention to launch a stimulus programme to help the country’s struggling automotive industry climb out of the hole left by the coronavirus outbreak.The automotive industry forms a solid backbone of the Spanish economy and will be vital once its sectors begin to fully reopen.A current estimate places it as roughly 10% of the country’s total annual GDP and it is the second biggest automotive industry in Europe behind Germany, and the eighth largest in the world.
Volkswagen intends to increase stake in U.S. battery specialist QuantumScape
BERLIN, June 16 (Xinhua) — Volkswagen would increase its stake in QuantumScape and make an additional investment of up to 200 million U.S. dollars in the U.S. battery specialist, the German carmaker announced on Tuesday.
With the investment, Volkswagen was seeking to “drive forward” the development of solid-state batteries with which Germany's largest carmaker expects to significantly increase their range while further reducing charging time.
“The additional investment will effectively strengthen and accelerate our joint development work,” said Thomas Schmall, chairperson of the board of management of Volkswagen components.
Volkswagen had already been cooperating with QuantumScape since 2012 and is the largest automotive shareholder with its previous investment of more than 100 million U.S. dollars.
The closing of the announced investment and the resulting increase of Volkswagen's stake in QuantumScape was still “subject to various conditions,” according to Germany's la..
BMW Group Australia CEO Vikram Pawah says the government could do more to support the electric vehicle industry
As more car companies start to introduce electric vehicles into their product lineups and the number of charging stations across Australia increases, driving a greener alternative is becoming more achievable to the average consumer.BMW Group Australia has a partnership with Chargefox, Australia’s largest electric vehicle charging network which is powered by 100% renewable energy.The company also believes in giving consumers the power of choice by offering a number of vehicle variants, including hybrid and fully electric among its traditional petrol and diesel options.
Renault Groupe’s ZITY Electric Car Sharing Uses Ridecell to Operate its New Service in Paris
SAN FRANCISCO, June 17, 2020 /PRNewswire/ — Ridecell Inc., the leading platform provider for shared mobility operators, today announced that Groupe Renault is using the Ridecell High-yield Mobility Platform to power the new ZITY electric carsharing service in Paris. ZITY first launched its carsharing service in Madrid using the Ridecell technology platform with a fleet… Continue reading Renault Groupe’s ZITY Electric Car Sharing Uses Ridecell to Operate its New Service in Paris
City of Oxford, Ohio, Announces Partnership with ParkMobile, Enabling Contactless Parking Throughout the Downtown Area
ParkMobile is the #1 parking app in the U.S. and is available for both iPhone and Android devices. To pay for parking with the app, a user enters the zone number posted on stickers and signs around the meter, selects the amount of time needed and touches the “Start Parking” button to begin the session.… Continue reading City of Oxford, Ohio, Announces Partnership with ParkMobile, Enabling Contactless Parking Throughout the Downtown Area
Lordstown Motors And Hydra Design Labs Partner To Develop Endurance EV Pickup
The enterprising company is fast-tracking plans to produce the Lordstown Endurance fully-electric pickup truck, which is slated for production later this year – becoming the first U.S. automotive OEM in the race to produce the industry’s first fully-electric pickup truck, purpose-built for fleet use. When it came to the design and prototyping of its leading new… Continue reading Lordstown Motors And Hydra Design Labs Partner To Develop Endurance EV Pickup
The Volvo Group Takes Measures to Reduce Cost and Accelerate Transformation
GOTHENBURG, Sweden, June 16, 2020 /PRNewswire/ — The COVID-19 crisis is expected to have a negative effect on economic activity in many of the Volvo Group’s major markets in the short and medium term. Volvo has continuously adjusted its operations to lower demand from record levels in the first half of 2019 by utilizing the… Continue reading The Volvo Group Takes Measures to Reduce Cost and Accelerate Transformation
Hyundai, Kia Pass 1.5 Million Mark in Combined Green Car Sales
Hyundai and affiliate Kia have seen their combined sales of eco-friendly cars exceed the 1.5 million milestone globally.Despite the economic slowdown caused by the coronavirus epidemic, their green car sales in the first five months of the year rose 12 percent on-year to 160,000 units.The carmakers are also expanding their presence in the global green car market.
Renren Announces Appointment of Acting Chief Financial Officer and Change in Board of Directors
BEIJING, June 16, 2020 /PRNewswire/ — Renren Inc. (NYSE: RENN) (“Renren” or the “Company”), which operates a leading premium used auto business in China through its subsidiary Kaixin Auto Holdings (NASDAQ: KXIN) (“Kaixin“) as well as several U.S.-based SaaS businesses, today announced that Ms. Yi Yang has been appointed as acting Chief Financial Officer, effective… Continue reading Renren Announces Appointment of Acting Chief Financial Officer and Change in Board of Directors