Chinese autonomous vehicle startup WeRide announced on Thursday the completion of its Series B2 and B3 rounds of financing, less than one month after the firm raised $200 million in a Series B1 round in late December. Guangzhou, China-based WeRide garnered a combined $310 million across the three tranches. Upon the completion of the Series… Continue reading Chinese self-driving startup WeRide closes Series B round at $310m
Tag: Renault
Groupe Renault Decides to Establish a Joint Venture with Plug Power to Develop Its First Fuel Cell Electric Vehicle
Groupe Renault has decided to enter the global fuel cell electric vehicle (FCEV) market starting with commercial vehicle rather than passenger car.To develop its own FCEV, it has decided to establish a joint venture with “Plug Power” that recently received an investment from SK Group and work on R&D together. SK Holdings and SK E&S… Continue reading Groupe Renault Decides to Establish a Joint Venture with Plug Power to Develop Its First Fuel Cell Electric Vehicle
Honda to close UK plant for four days owing to supply chain problems
Honda will shut its UK factory for four days next week as global supply chain problems caused by the coronavirus pandemic continue to plague the Japanese carmaker. The closure is thought to be related to the unavailability of semiconductors, the computer chips used to run cars’ onboard management systems. The problem has affected carmakers around… Continue reading Honda to close UK plant for four days owing to supply chain problems
Honda halts Swindon production for third time due to parts delays
Honda will pause production at its Swindon factory next week due to a shortage of parts, as the pandemic continues to impact manufacturer supply chains. In an official statement, the brand said: “Some production activities will not run Monday 18 to Thursday 21 January due to Covid-related supply issues. The situation is currently being monitored with a view… Continue reading Honda halts Swindon production for third time due to parts delays
Former Land Rover and Nissan bosses launch electric scooter brand in UK
The former head of Land Rover and Jaguar Land Rover’s specialist SVO division, John Edwards, and former head of Nissan GB’s sales division, Tony Lewis, have launched a new all-electric scooter brand in the UK. Edwards, who ran Land Rover from 2010 to 2013, before setting up its SVO division and running it until 2018,… Continue reading Former Land Rover and Nissan bosses launch electric scooter brand in UK
@Renault: LADA: results of commercial activity in 2020000153
In 2020, 343,512 LADA cars were sold in Russia. The Brand’s share in the passenger car and light commercial vehicle market increased from 20.6% to 21.5%, setting an absolute record for the last 9 years. Thanks to the state measures to stimulate the demand on the automotive market, successful implementation of advanced public procurement programs,… Continue reading @Renault: LADA: results of commercial activity in 2020000153
Honda to close Swindon plant next week due to semiconductor shortage
Global chip supply disruption has affected operations of carmakers Volkswagen, Nissan and GM Go to Source
Top Renault dealer acquires Vauxhall specialist
Lowestoft-based Mitchells, Groupe Renault UK’s 2019 top-performing dealership, has acquired Kerridges at Halesworth, a third-generation family-run Vauxhall specialist and used car garage. Matthew Huke-Jenner, Mitchells managing director and owner, said he was in talks with some carmakers about taking on a franchise and a decision would be made in early 2021. “We will be continuing… Continue reading Top Renault dealer acquires Vauxhall specialist
Toyota shut Chinese line for 2 days due to global chip shortage
NAGOYA, Japan/GUANGZHOU — Toyota Motor reopened a production line at a Chinese assembly plant Tuesday evening after a two-day shutdown, as the site became the company’s second facility affected by a chip shortage slamming automakers worldwide. The Japanese carmaker had halted operations on its third line at GAC Toyota Motor, the joint venture with China’s… Continue reading Toyota shut Chinese line for 2 days due to global chip shortage
GROUPE RENAULT: PRESS RELEASE – WORLDWIDE SALES 2020
PRESS RELEASE WORLDWIDE SALES RESULTS 20201Groupe Renault achieves its CAFE2 objectives, the Renault brand is the electrical leader in EuropeIn a context of the Covid-19 pandemic, the 2020 Groupe Renault worldwide sales totalled 2,949,849 vehicles, down 21.3% in a global automobile market that declined by 14.2%.Groupe Renault confirms that it has achieved its CAFE (passenger… Continue reading GROUPE RENAULT: PRESS RELEASE – WORLDWIDE SALES 2020