January 3, 2021 at 3:00 AM EST Company Achieved New Records for Monthly and Quarterly Deliveries; Annual Delivery Reached 43,728 Vehicles in 2020 NIO delivered 7,007 vehicles in December 2020, increasing by 121.0% year-over-year NIO delivered 17,353 vehicles in the three months ended December 2020, increasing by 111.0% year-over-year NIO delivered 43,728 vehicles in 2020… Continue reading @Nio: NIO Inc. Provides December, Fourth Quarter and Full Year 2020 Delivery Update000174
Tag: Strategy
German Manager Magazin: Volkswagen: The bizarre power struggle over Herbert Diess000441
Was it really true what it said? Herbert Diess (62), Chairman of the Board of Management of Volkswagen AG since April 2018, has a new five-year contract. He will remain CEO until 2025 in order to pursue his strategy. The paper that circulated through the corridors of the Wolfsburg headquarters on the afternoon of December… Continue reading German Manager Magazin: Volkswagen: The bizarre power struggle over Herbert Diess000441
Premium Ride-Hailing Service StarRides now available in 6 Chinese cities, launches English App in Chinese Market
16.
December 2020
Stuttgart/Beijing
StarRides is now available in Hangzhou, Guangzhou, Chengdu, Xi’An, Beijing and Shanghai English version of premium ride-hailing app for international customers in China introduced Average monthly growth rate of registered users of almost 80 percent underlines robust demand Stuttgart/Beijing – The premium ride-hailing provider StarRides, a joint venture of Daimler Mobility AG and Geely Technology Group, is now available in six cities across China. The service was initially launched just one year ago in December 2019 in Hangzhou, China. StarRides now offers its services in Hangzhou, Guangzhou, Chengdu, Xi’An, Beijing and Shanghai, covering the majority of China’s major business metropolises and most popular travel destinations. More launches in Chinese cities are planned. Since its start in December 2019, StarRides has achieved growth in registered users by an average of almost 80 percent on a monthly basis. The vast majority of users are busine..
@Toyota: Toyota Assumes Full Ownership of the Kolin Car Plant in the Czech Republic
Former Toyota Peugeot Citroën Automobile (TPCA) renamed Toyota Motor Manufacturing Czech Republic (TMMCZ) as it moves under full Toyota ownership from 1 January 2021 Toyota takes financial ownership of the TPCA joint venture operations, maintaining current production for Toyota and Groupe PSA Toyota’s new global architecture system – TNGA – now installed in all European… Continue reading @Toyota: Toyota Assumes Full Ownership of the Kolin Car Plant in the Czech Republic
Mahindra likely to sign term sheet with new SsangYong investor next week
India’s Mahindra & Mahindra, which holds a majority 74.65 percent stake in Korean carmaker SsangYong Motor Company (SYMC) has divulged that it is in talks with a new investor to give up its charge of South Korea’s fourth-largest carmaker, albeit one which has been struggling to cope up with the recent dynamics in the global… Continue reading Mahindra likely to sign term sheet with new SsangYong investor next week
Folks Motor develops hybrid-electric retrofit solution for cars in India
As sustainability and environment consciousness pick up pace in the automobile industry, there is a growing need for greener mobility solutions to cut down the emissions coming from vehicles at least at the tail-pipe level. While the recent BS VI emission norms have put a strict boundary around OEMs to devise methods to reduce vehicular… Continue reading Folks Motor develops hybrid-electric retrofit solution for cars in India
@Ford: Ford, Mahindra End Discussions for Auto Joint Venture
DEARBORN, Mich., Dec. 31, 2020 – Ford Motor Company and Mahindra & Mahindra have mutually and amicably determined they will not complete a previously announced automotive joint venture between their respective companies. The decision follows the passing of the Dec. 31 “longstop,” or expiration, date of a definitive agreement the organizations entered into in October… Continue reading @Ford: Ford, Mahindra End Discussions for Auto Joint Venture
World NM: Honda will stop supplying cars to Russia in 2022000668
MOSCOW, December 30. /TASS/. Honda’s Russian subsidiary, Honda Motor Rus, will stop delivering new cars to Russia during 2022, the company said on Wednesday. Honda Motor Rus, subsidiary of Honda Motor Co., announced termination of deliveries of new cars to authorized dealers in Russia during 2022, the company said. According to the statement, the decision… Continue reading World NM: Honda will stop supplying cars to Russia in 2022000668
@Geely: Kandi Enters into Strategic Cooperation Agreement with Agricultural Bank of China Hangzhou Branch
Jinhua, China, Dec. 29, 2020 (GLOBE NEWSWIRE) — Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (the “Company” or “Kandi”) announced today that it entered into a strategic cooperation agreement with the Hangzhou Branch of the Agricultural Bank of China.Given China’s effort to both encourage the battery swap model for electric vehicles and to support a… Continue reading @Geely: Kandi Enters into Strategic Cooperation Agreement with Agricultural Bank of China Hangzhou Branch
Europcar Taps AI Start-up for Mobility Solutions
Europcar Mobility Group is testing Tchek to strengthen its relationship with customers, its commitments, and its maintenance and repair processes. Photo via Depositphotos. French start-up, Tchek, has signed a partnership with Europcar Mobility group, which is currently testing Tchek’s artificial intelligence solution on its sites. With these first pilot projects, Europcar Mobility Group is strengthening… Continue reading Europcar Taps AI Start-up for Mobility Solutions