January 13, 2021 at 4:56 AM EST SHANGHAI, China, Jan. 13, 2021 (GLOBE NEWSWIRE) — NIO Inc. (NYSE: NIO) (“NIO” or the “Company”), a pioneer in China’s premium smart electric vehicle market, today announced the pricing of US$650 million in aggregate principal amount of convertible senior notes due 2026 (the “2026 Notes”) and US$650 million in… Continue reading @Nio: NIO Inc. Prices Offering of US$1.3 Billion Convertible Senior Notes000185
Tag: Strategy
Geely and Foxconn to form auto partnership: Sources
Taiwan’s Foxconn and Chinese automaker Zhejiang Geely Holding Group will form a partnership to provide contract manufacturing and consultancy services to automakers and mobility companies, three sources said on Wednesday. The two companies will set up a joint venture which will form the basis of a strategic partnership for the auto industry, said one source… Continue reading Geely and Foxconn to form auto partnership: Sources
Mercedes-Benz India sells 7,983 units in pandemic-hit CY2020, down 42%, plans 15 launches in 2021
Mercedes-Benz India, the luxury car market leader, has reported sales of 7,893 cars in CY2020, a year which was largely impacted by the Covid-19 pandemic and resultant lockdowns across the country. CY2020 sales are down 42.74 percent year on year (CY2019: 13,786). Last week, BMW India had reported sales of 6,404 cars in CY2020, down 26% The… Continue reading Mercedes-Benz India sells 7,983 units in pandemic-hit CY2020, down 42%, plans 15 launches in 2021
Geely and electronics giant Foxconn ink JV to provide customised consulting to OEMs
Zhejiang Geely Holding Group (Geely Holding) and Foxconn Technology Group (Foxconn) have signed a strategic cooperative agreement that will establish a joint venture company to provide OEM production and comprehensive customised consulting services relating to whole vehicles, parts, intelligent drive systems, automotive ecosystem platforms nd electric vehicle industry value chain to global automotive enterprises. The… Continue reading Geely and electronics giant Foxconn ink JV to provide customised consulting to OEMs
Tata Motors’ Jamshedpur, Lucknow and Pantnagar plants win National Energy Conservation Award 2020
Tata Motors has bagged the prestigious National Energy Conservation Award (NECA) 2020 for its energy conservation measures, instituted by the Bureau of Energy Efficiency (BEE). The company’s Jamshedpur, Lucknow and Pantnagar plants won ‘First Prize’, ‘Second Prize’ and ‘Merit Award’, respectively, in the category of Automotive (Manufacturing) sector. At an event held virtually, the award… Continue reading Tata Motors’ Jamshedpur, Lucknow and Pantnagar plants win National Energy Conservation Award 2020
@niche: Nikola Positioned to Accelerate Hydrogen Economy000450
PHOENIX, January 12, 2021 — Nikola Corporation (NASDAQ: NKLA) has secured an innovative electric rate schedule with Arizona Public Service Company (“APS”) that makes possible the accelerated development of hydrogen-based fueling solutions for the transportation industry. Nikola is a company dedicated to the advancement of innovative zero-emissions truck solutions and the energy infrastructure required to… Continue reading @niche: Nikola Positioned to Accelerate Hydrogen Economy000450
GM to build electric delivery vans under new BrightDrop brand
Washington: General Motors unveiled plans Tuesday to build electric vans under the new BrightDrop brand, in a move aimed at creating a new ecosystem for delivery of goods. “BrightDrop offers a smarter way to deliver goods and services,” said GM chairman and chief executive Mary Barra as she unveiled the new brand at the virtual… Continue reading GM to build electric delivery vans under new BrightDrop brand
Humax EV Set to Launch Its Electric Vehicle Charging Business This Year
Humax EV, an affiliate of Humax, is looking to start its electric vehicle (EV) charging service business officially this year.The company is the South Korean company that deals with manufacturing and production of EV chargers to service operation/management system, service network, and construction business. Its strategy is to secure competitive edge through its own independent… Continue reading Humax EV Set to Launch Its Electric Vehicle Charging Business This Year
@GM: GM Launches BrightDrop, a New Business That Will Electrify and Improve the Delivery of Goods and Services January 12, 2021
GM Launches BrightDrop, a New Business That Will Electrify and Improve the Delivery of Goods and Services DETROIT, Jan. 12, 2021 /PRNewswire/ — GM’s new business will offer an integrated ecosystem of electric products, software and services for the first to last mile BrightDrop’s electric pallet, the EP1, will be available in early 2021, and… Continue reading @GM: GM Launches BrightDrop, a New Business That Will Electrify and Improve the Delivery of Goods and Services January 12, 2021
Exclusive: Apple held talks with EV startup Canoo in 2020
Apple held meetings with California EV startup Canoo in the first half of 2020 as part of the Silicon Valley giant’s secretive effort to advance its own electric vehicle project, three people familiar with the talks have told The Verge. The two companies discussed options ranging from investment to an acquisition, according to two of… Continue reading Exclusive: Apple held talks with EV startup Canoo in 2020