Chinese electric-vehicle startup Guangzhou Xiaopeng Motors Technology Co. Ltd. said Wednesday it secured $400 million in its latest fundraising round.This Series C round brings the total funds raised by the carmaker to 12 billion yuan ($1.7 billion).Xpeng’s latest fundraising haul may have fallen below its expectations.
Category: Newswire
NIO Hires China Auto Analyst as Its Next Chief Financial Officer
NIO Inc. hired an analyst covering the Chinese electric carmaker as its next chief financial officer, according to people familiar with the matter.
Martinrea International Inc. Reports Record Third Quarter Results and Declares Dividend
TORONTO, Nov. 12, 2019 (GLOBE NEWSWIRE) — Martinrea International Inc. (TSX : MRE), a diversified and global automotive supplier engaged in the design, development and manufacturing of highly engineered, value-added Lightweight Structures and Propulsion Systems, today announced the release of its financial results for the third quarter ended September 30, 2019 and that it has… Continue reading Martinrea International Inc. Reports Record Third Quarter Results and Declares Dividend
DENSO Shares Insights on Blockchain, Smart Mobility at MOBI Colloquium LA
– Mobility supplier’s VP of North America R&D Roger Berg to participate in panel, titled “Blockchain Standards for Smart City Ecosystems” – SOUTHFIELD, Mich., Nov. 13, 2019 /PRNewswire/ — DENSO, the world’s second largest mobility supplier, is taking part in the MOBI Colloquium LA, Nov. 12-13, in Los Angeles. The event, which is intended to explore… Continue reading DENSO Shares Insights on Blockchain, Smart Mobility at MOBI Colloquium LA
Toyoda Gosei to Increase Airbag Part Production Capacity in Vietnam
KIYOSU, Japan–(BUSINESS WIRE)–Toyoda Gosei Co., Ltd. (TOKYO:7282) will increase the production capacity at Toyoda Gosei Haiphong Co., Ltd. (TGHP), a production subsidiary making airbag parts in Vietnam, to meet the growing demand for airbags globally. A new building will be constructed at the company’s Thai Binh Plant and annual production capacity of the bags that… Continue reading Toyoda Gosei to Increase Airbag Part Production Capacity in Vietnam
EDO and Toyota Partner for Cutting-Edge TV Advertising
NEW YORK, Nov. 13, 2019 /PRNewswire/ — EDO Inc., the data, measurement and analytics company, today announced a new partnership with Toyota, the global leader in automotive manufacturing and sales, to improve TV advertising campaign performance. The partnership will allow EDO, Toyota, and Toyota’s advertising agencies to better understand customer behavioral response to creative messaging and… Continue reading EDO and Toyota Partner for Cutting-Edge TV Advertising
Chinese-invested auto powertrain test center opens in UK despite Brexit uncertainty
BIRMINGHAM, Britain, Nov. 12 (Xinhua) — A world-class auto powertrain test center, invested by China's Changan Automobile, was unveiled Tuesday in the British industrial city of Birmingham despite continuing uncertainty caused by Brexit.
Zhang Xiaoyu, director of Changan's Blue Core NE Powertrain Platform, said Birmingham was chosen as the start of the company's global powertrain research and development journey because the UK is the birthplace of the Industrial Revolution with an innovative spirit and an abundance of talent resources.
The test center is designed to test automotive powertrains, including engine and transmission. The center can be used to test Changan's engine products for conventional cars as well as power systems for hybrid electric vehicles and pure electric vehicles.
Tim Pile, chair of Greater Birmingham and Solihull Local Enterprise Partnership, said Chinese investment has helped the region grow and created jobs needed for the renaissance of th..
DRiV™ Expands Ride Performance Presence on new Polestar 2 Electric Performance Fastback
“This is truly a performance vehicle with unique requirements for driving agility and comfort,” said Nik Endrud, group vice president and general manager, DRiV Ride Control. “By relying exclusively on DRiV’s latest ride performance technologies, the Polestar 2 engineering team has helped ensure that every version of this impressive new vehicle will deliver an exciting… Continue reading DRiV™ Expands Ride Performance Presence on new Polestar 2 Electric Performance Fastback
Get A Grip: Toyota Introduces New Camry and Avalon All-Wheel Drive Sedans
In recent years, market demand for AWD passenger vehicles has increased significantly, due in no small part to the rising popularity of SUVs and crossovers. Midsize sedan customers outside the luxury category, however, have had relatively few AWD choices. Now, Toyota gives them two more with Camry, America’s best-selling midsize sedan for 17 years, and… Continue reading Get A Grip: Toyota Introduces New Camry and Avalon All-Wheel Drive Sedans
Volvo Buses Demonstrates Electric Autonomous Solution for Bus Depot
GÖTEBORG, Sweden, Nov. 13, 2019 /PRNewswire/ — For the first time, Volvo Buses shows the significant potential of autonomous buses in depot. The live demonstration, one of the world’s first for a 12 m electric and autonomous bus at a bus depot, represents an important milestone in Volvo Buses’ autonomous journey towards safer, cleaner and… Continue reading Volvo Buses Demonstrates Electric Autonomous Solution for Bus Depot