Toyota Tsusho Corporation (“Toyota Tsusho”) announced today that it has acquired 35% of the issued shares for the Northern Electricity Development & Investment Joint Stock Company No. 2 (“NEDI2”), a company that operates the Ngoi Phat Hydropower Plant (installed capacity: 84 MW), from Vietnam Construction and Import-Export Joint Stock Corporation (“VINACONEX”), a major construction and… Continue reading @Toyota: Toyota Tsusho Makes Equity Investment into Vietnam Ngoi Phat Hydropower Plant- First overseas hydropower generation business for the company –
Tag: Strategy
Tactile Mobility Receives Strategic Investment
Tactile Mobility, a Haifa, Israel-based tactile virtual sensing and data company, secured funding from Nexteer Automotive and The Group Ventures. The investment acts as an extension to the previous $9 million round led by Porsche, and as a bridge to the next round of funding and brings total funding in the company to over $20M. The company plans to utilize… Continue reading Tactile Mobility Receives Strategic Investment
Magna CEO on what’s next for the auto industry
Magna’s new CEO Swamy Kotagiri on what’s next for him and the auto industry. Video Transcript ADAM SHAPIRO: Swamy Kotagiri is joining us right now. And there’s a lot going on in the US automotive industry. But your company, it’s more than just parts. It’s the technological expertise, and the software, and the different kinds… Continue reading Magna CEO on what’s next for the auto industry
Omega Seiki Mobility opens new dealership in Bangalore
Omega Seiki Mobility (OSM), part of Anglian Omega Group has onboarded a new dealer partner in southern India – Green Drive Auto Services – to open a new electric three-wheeler dealership in Bangalore. OSM says the new dealership is located at Singasandra, Bangalore and is part of the company’s focus to strategically strengthen its roots… Continue reading Omega Seiki Mobility opens new dealership in Bangalore
@Daimler: Mercedes-Benz is accelerating its journey towards CO2 neutrality. Significant progress was made in 2020, with a steep increase in xEV deliveries: More than 160,000 plug-in hybrids and all-electric vehicles were sold by Mercedes-Benz Cars worldwide (+228.8%), including about 87,000 units in the fourth quarter.
Mercedes-Benz Cars & Vans delivered a total of 2,528,349 vehicles Mercedes-Benz Cars sold more than 160,000 plug-in hybrids and all-electric vehicles (xEVs) xEV share of Mercedes-Benz Cars increased to 7.4% China sales of Mercedes-Benz increased by 11.7% to a new record of 774,382 units New S-Class in high demand: More than 40,000 orders already received… Continue reading @Daimler: Mercedes-Benz is accelerating its journey towards CO2 neutrality. Significant progress was made in 2020, with a steep increase in xEV deliveries: More than 160,000 plug-in hybrids and all-electric vehicles were sold by Mercedes-Benz Cars worldwide (+228.8%), including about 87,000 units in the fourth quarter.
Waymo is dropping the term ‘self-driving,’ but not everyone in the industry is on board
Waymo will no longer use the term ‘self-driving’ to describe the technology it has been developing for more than a decade, opting instead for ‘autonomous.’ The Alphabet company said that this seemingly small shift is an important effort to clarify what the technology does and doesn’t do. It’s also been viewed as an attempt distance… Continue reading Waymo is dropping the term ‘self-driving,’ but not everyone in the industry is on board
Veoneer estimates full year 2020 total order book and new order intake
STOCKHOLM, Jan. 7, 2021 /PRNewswire/ — The automotive technology company Veoneer, Inc. (NYSE: VNE) and (SSE: VNE SDB) estimates its current total order book value for full year 2020 to be approximately $14 billion. During 2020, Veoneer divested its brake control business with an estimated order book value of around $4 billion, which is excluded from the… Continue reading Veoneer estimates full year 2020 total order book and new order intake
Tesla sells out first quarter of Model Y electric SUV in China in just a few days
Tesla sold out the first quarter of Model Y electric SUVs in China after just a few days of taking orders, according to an update to its website. Tesla Model Y in China As we previously reported, Tesla is using a new vehicle introduction strategy for Model Y. Unlike previous vehicle programs, which were launched… Continue reading Tesla sells out first quarter of Model Y electric SUV in China in just a few days
UK automotive looks to green recovery strategy after -29.4% fall in new car registrations in 2020
UK annual new car registrations drop to 1.63 million in toughest year for market since 1992. Covid-enforced showroom closures drive overall demand down -29.4% – a 680,076-unit decline equivalent to £20.4bn in lost turnover. Best-ever year for electric cars with battery and plug-in hybrid vehicles market share up to 10.7%. Investment in charging infrastructure and… Continue reading UK automotive looks to green recovery strategy after -29.4% fall in new car registrations in 2020
@VW Group: Brake or coast? Intelligent regenerative braking on the Volkswagen ID.4
Jan 6, 2021 In the default driving mode, the vehicle coasts in the majority of cases when lifting off the accelerator pedal Brake energy recuperation maximizes at up to 0.13 g on lift off, close to 0.3 g when using the brake pedal Braking characteristics are tailored to the needs of most drivers Wolfsburg —… Continue reading @VW Group: Brake or coast? Intelligent regenerative braking on the Volkswagen ID.4