“As we head into the final month of the year, we are thankful for our retailers, whose sales efficiency is absolutely unparalleled. Like other automakers, our vehicle production has been impacted by the global semi-conductor chip shortage, but our top priority is meeting the demand for Subaru vehicles,” said Thomas J. Doll, President and CEO,… Continue reading Subaru Of America, Inc. Reports November Sales
Category: Newswire
World NM: VW CEO Herbert Diess Shows Good Mood After Manager Meeting, Company Is Doing Well001661
Last week, Volkswagen’s top management had a meeting behind closed doors, and one of the topics that were discussed was keeping Herbert Diess as CEO despite clashes with union representatives. The company’s executives also talked about their five-year investment plan, along with the future of the Wolfsburg plan… (continue reading…) Go to Source
World NM: Indian CARS24 raises $20m from the Commercial Bank of Dubai001661
India-based automotive e-commerce platform CARS24 raised 75 million dirham ($20 million) in local debt funding from the Commercial Bank of Dubai. The debt funding fuels the company’s operational expansion in the UAE and provides it with significant funding flexibility, Wamda reported. The funding came following CARS24 ‘s $450 million funding round last September, and its announcement… Continue reading World NM: Indian CARS24 raises $20m from the Commercial Bank of Dubai001661
Hyundai Motor America Reports November 2021 Sales
FOUNTAIN VALLEY, Calif., Dec. 1, 2021 /PRNewswire/ — Hyundai Motor America reported total November sales of 44,345 units, a 20% decrease compared with November 2020. Hyundai eco-friendly vehicle total sales grew 165%, including November records for Nexo and Ioniq plug-in hybrid. SUV sales represented 76% of the total sales mix. Hyundai fleet sales were down… Continue reading Hyundai Motor America Reports November 2021 Sales
MKD sets up JV in Electric Trucks arena
SHANGHAI, Dec. 1, 2021 /PRNewswire/ — Molecular Data Inc. (NASDAQ: MKD) has announced a joint venture (JV) with GY Energy Tech (a company funded by several PRC Energy SOEs). The JV will help diesel trucks to be replaced with more efficient new energy trucks (“truck battery separation” mode). The JV will involve constructions of stations… Continue reading MKD sets up JV in Electric Trucks arena
Kia America Beats Annual Sales Record With One Month Left In 2021 Calendar
“Breaking the all-time annual sales record with one month left in the sales cycle is concrete proof that demand for Kia vehicles is on the rise and has been throughout the year,” said Eric Watson, vice president, sales operations, Kia America. “With the all-new Kia EV6 arriving soon and the Sportage, including hybrid and plug-in hybrid… Continue reading Kia America Beats Annual Sales Record With One Month Left In 2021 Calendar
WM Motor Secures US$152 Million Series D2 Financing Led by Agile Group
SHANGHAI and HONG KONG, Nov. 30, 2021 /PRNewswire/ — WM Motor Holdings Limited (“WM Motor,” the “Group” or the “Company”), a dominant smart EV player in China’s mainstream market, today announced a Series D2 financing of US$152 million led by Agile Group Holdings Limited (“Agile”), an integrated conglomerate specializing in property development and management in China.… Continue reading WM Motor Secures US$152 Million Series D2 Financing Led by Agile Group
Valmet Automotive introduces Modular Battery Platform to electrify Off-highway
Valmet Automotive introduces its own Modular Battery Platform product family with the first product, the Modular Power Pack. With this platform, Valmet Automotive offers a benchmark electrification solution to off-highway and truck & bus OEMs as well as integrators. The Modular Battery Platform provides a unique combination of performance, integration flexibility, lifetime and competitive pricing.… Continue reading Valmet Automotive introduces Modular Battery Platform to electrify Off-highway
TDK Ventures backs innovative nanomaterials coating technology company, actnano
SAN JOSE, Nov. 30, 2021 /PRNewswire/ — TDK Corporation (TSE: 6762) announced today that subsidiary TDK Ventures, Inc. has invested in the Series B financing of actnano, a nanomaterials technology company that is setting new standards for electronics protection with its water and environmental-resistant smart coating solutions that protect a variety of products. actnano is… Continue reading TDK Ventures backs innovative nanomaterials coating technology company, actnano
Senmiao Technology Launches Ride-Hailing Platform in Suzhou, A Major City in Jiangsu Province
CHENGDU, China, Nov. 30, 2021 /PRNewswire/ — Senmiao Technology Limited (“Senmiao” or the “Company”) (Nasdaq: AIHS), a financing and servicing company focused on the online ride-hailing industry in China as well as an operator of its own online ride-hailing platform, today announced the launch of its proprietary online ride-hailing platform for drivers in Suzhou, China. With… Continue reading Senmiao Technology Launches Ride-Hailing Platform in Suzhou, A Major City in Jiangsu Province