The revolutionary REEcorner integrates all drivetrain, powertrain, suspension and steering components into the arch of the wheel, enabling the REEboard, a completely flat and modular electric chassis. The REE platform provides customers full design freedom to create the broadest range of EV and autonomous vehicles. By incorporating Maxion’s vast wheel and chassis design and advanced… Continue reading REE forms strategic partnership with Iochpe-Maxion to develop and manufacture exclusive wheel and chassis designs for its modular EV platform
Tag: Strategy
Third Quarter: Slight Recovery as Highly Volatile Market Environment Continues
Consolidated sales of €10.3 billion (Q3 2019: €11.1 billion) Adjusted EBIT of €832 million (Q3 2019: €612 million); adjusted EBIT margin of 8.1 percent (Q3 2019: 5.6 percent) EBIT of -€673 million in third quarter (Q3 2019: -€1,971 million) and net income of -€719 million, resulting from impairments and expenses as already announced (Q3 2019: -€1,986 million) Free cash flow before acquisitions and… Continue reading Third Quarter: Slight Recovery as Highly Volatile Market Environment Continues
Ford EV investments in southeast Michigan and Missouri to add hundreds of jobs
Ford Motor Co. will invest hundreds of millions of dollars and add hundreds of jobs in southeast Michigan and Missouri as it takes the latest steps in electrifying its most popular and iconic nameplates. The Dearborn automaker announced Tuesday it will build the upcoming E-Transit — a fully electric version of its bestselling Transit cargo van —… Continue reading Ford EV investments in southeast Michigan and Missouri to add hundreds of jobs
@VW Group: Managing the data revolution: data streaming at Porsche
11/10/2020 Data is a valuable resource, which needs to be handled systematically. Sridhar Mamella works as a Platform Manager for Data Streaming Platforms at Porsche. He explains, why it’s so important to streamline data and how their tool Streamzilla helps Porsche’s engineering product teams to work more efficiently. We are in the midst of a… Continue reading @VW Group: Managing the data revolution: data streaming at Porsche
Schneider Electric Invests $40 Million to Strengthen U.S. Supply Chain
BOSTON, Nov. 10, 2020 /PRNewswire/ — Schneider Electric, the leader in the digital transformation of energy management and automation, today announced an additional $40 million investment towards modernizing its U.S manufacturing plants in Iowa, Kentucky, Nebraska, and Texas. The monies will go towards innovative technologies and new production lines that will help increase Schneider Electric’s… Continue reading Schneider Electric Invests $40 Million to Strengthen U.S. Supply Chain
@Ford: Ford Taps Kansas City to Assemble All-Electric Ford E-Transit; Builds Out $3.2B North American EV Manufacturing Footprint
Ford is investing an additional $100 million in its Kansas City Assembly Plant and adding approximately 150 full-time jobs to begin producing the all-new E-Transit on the heels of the all-electric F-150 announced in September; E-Transit arrives late 2021, F-150 electric 2022 E-Transit, to be revealed Thursday, is part of Ford’s $11.5 billion-plus investment in… Continue reading @Ford: Ford Taps Kansas City to Assemble All-Electric Ford E-Transit; Builds Out $3.2B North American EV Manufacturing Footprint
INTERVIEW: Romeo Power Sees an Opening in Commercial EV Market
Romeo Power CEO Lionel Selwood and RMG CEO Robert Mancini By Jarrett Banks Romeo Power believes there is much more room in the EV market beyond flashy sedans and SUVs. The company designs and makes lithium-ion battery modules and packs for commercial electric trucks and buses. Strategic backers include auto parts supplier BorgWarner Inc. (ticker:… Continue reading INTERVIEW: Romeo Power Sees an Opening in Commercial EV Market
Dana to acquire part of Modine Manufacturing’s light vehicle thermal business
While accelerating Dana electrification strategy with EV thermal tech, the acquisition will increase Dana’s Power Technologies business by 30% and expand its footprint in the US, Europe and Asia. Earlier this month, Dana signed a definitive agreement to purchase a portion of the thermal-management business of Modine Manufacturing Company’s automotive segment. For Modine, the liquid-cooled… Continue reading Dana to acquire part of Modine Manufacturing’s light vehicle thermal business
@Geely: New LEVC and Santander partnership to offer attractive range of finance packages in Germany
10th November 2020, Ansty LEVC (London Electric Vehicle Company) customers in Germany can now benefit from an attractive range of new finance products thanks to a partnership with global bank, Santander. The agreement sees Santander become the retail finance provider for the German market. LEVC customers now have access to a whole new suite of… Continue reading @Geely: New LEVC and Santander partnership to offer attractive range of finance packages in Germany
@niche: Nikola Corporation Reports Third Quarter 2020 Results000271
PHOENIX, November 9, 2020 — Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation systems, today reported financial results for the third quarter of 2020. “In the third quarter of 2020, Nikola made significant progress on key milestones,” said Mark Russell, Nikola’s Chief Executive Officer. “We delivered on our commitment to assemble the first… Continue reading @niche: Nikola Corporation Reports Third Quarter 2020 Results000271