Nio reported August deliveries more than doubled and booked a massive haul from a secondary offering that was far larger than initial forecasts. Go to Source
Category: Suppliers
NIO August Deliveries Were Good, but Not Good Enough for Investors
Chinese electric-vehicle maker NIO reported the latest monthly delivery figures Thursday morning. Numbers are good, up more than 100% year over year. But NIO’s highflying American depositary receipts are sliding. Go to Source
Nio’s August deliveries double to a record, but stock falls
Shares of Nio Inc. fell 2.5% in active morning trading Thursday, after the China-based electric vehicle maker reported a new monthly delivery record in August, although year-over-year growth decelerated to the slowest pace since February. Trading volume was 32.4 million shares, enough to make the stock the most actively traded on the NYSE. The continued… Continue reading Nio’s August deliveries double to a record, but stock falls
Magna Deepens Partnership With Honglizhixin to Bolster Seating Capabilities in China
Magna to acquire majority ownershipIncreases footprint with Honglizhixin from two to 12 manufacturing plantsDemonstrates commitment to grow in the China marketSHANGHAI, Sept. 03, 2020 (GLOBE NEWSWIRE) — Magna has signed an agreement to acquire majority ownership of Honglizhixin (HLZX), a major seat supplier to Chinese automakers. The acquisition will expand Magna’s seating capabilities across China.… Continue reading Magna Deepens Partnership With Honglizhixin to Bolster Seating Capabilities in China
BorgWarner Commences Private Exchange Offer and Consent Solicitation for Delphi Technologies’ Outstanding 5.00% Senior Notes Due 2025
Go to Source
Bosch: the mobility of the future needs fuel cells
Stuttgart, Germany – Electromobility is picking up more and more speed. It is an important element in reducing CO2 emissions from traffic. But how economical is it to operate heavy-duty trucks with 40-ton payloads over long distances using only battery-electric power? Given the battery weight, long charging times, and limited range of today’s technology, electric… Continue reading Bosch: the mobility of the future needs fuel cells
BorgWarner Commences Private Exchange Offer and Consent Solicitation for Delphi Technologies’ Outstanding 5.00% Senior Notes Due 2025
BorgWarner Inc. (NYSE: BWA) (“BorgWarner”) announced today, in connection with its previously announced proposed acquisition of Delphi Technologies PLC (“Delphi Technologies”) in an all-stock transaction (the “Transaction”), that it is commencing a private exchange offer (the “Exchange Offer”) and related consent solicitation (the “Consent Solicitation”) with respect to Delphi Technologies’ outstanding 5.00% Senior Notes due… Continue reading BorgWarner Commences Private Exchange Offer and Consent Solicitation for Delphi Technologies’ Outstanding 5.00% Senior Notes Due 2025
Li Auto Had Strong Chinese Deliveries. That’s Good for It, and Tesla.
China is the largest new-car market in the world and has been a fast adopter of battery-powered vehicles. Go to Source
Green Power Station: Continental starts photovoltaic power generation in Zhangjiagang
Project phase I has a total photovoltaic capacity of 1.918 megawatts and is expected to generate 1.8 million kilowatt hours per year. Half of its electricity demand through solar power generation during production in the daytime. By implementing, Zhangjiagang plant has optimized its energy structure, thus laying a solid foundation for sustainable development in the… Continue reading Green Power Station: Continental starts photovoltaic power generation in Zhangjiagang
Continental to Expand Structural Program and Save More than One Billion Euros Per Year
Full amount of gross annual savings to be achieved by 2023 All central functions and business units to contribute at locations in Germany and abroad Overall, expanded structural program expected to affect approximately 30,000 jobs worldwide in the future, including about 13,000 in Germany Exploratory talks now entering a decisive phase CEO Dr. Elmar Degenhart:… Continue reading Continental to Expand Structural Program and Save More than One Billion Euros Per Year