YOKOHAMA, Japan (Reuters) – Nissan Motor Co Ltd is likely to axe its Datsun brand, drop some unprofitable products and close a number of assembly lines worldwide as it seeks to boost profits by getting smaller, two company sources with direct knowledge of the matter said. FILE PHOTO: A worker walks near a Datsun logo… Continue reading Exclusive: Datsun brand set to go as Nissan rolls back Ghosn’s expansionist strategy – sources
Tag: Strategy
Hyundai Mobis Invests in and Forms Partnership with Velodyne Lidar
SEOUL, South Korea–(BUSINESS WIRE)–Hyundai Mobis (KRX:012330) is joining hands with ‘Velodyne Lidar’, world leading lidar company, for mass-producing level 3 autonomous driving lidar system. Hyundai Mobis will also invest $50 million in Velodyne, creating invaluable synergy between the two companies to reinforce business cooperation in Lidar commercialization. The two companies will collaborate on new lidar… Continue reading Hyundai Mobis Invests in and Forms Partnership with Velodyne Lidar
To go big on EVs, Japanese car makers think super-small
TOKYO (Reuters) – As global automakers race to put long-range electric vehicles on highways amid stricter emission laws, Japanese rivals are taking a niche approach and steering towards cheaper, pint-sized runabouts to make costly battery technology more accessible. FILE PHOTO: Toyota Motor’s logo is pictured at the 45th Tokyo Motor Show in Tokyo, Japan October… Continue reading To go big on EVs, Japanese car makers think super-small
Robotaxi Startup Zoox Raises New Millions – Forbes
Lineup of Zoox L3 autonomous cars. Instagram Autonomous vehicle startup Zoox has signed a $200 million convertible note— the first new investment since the Silicon Valley company fired its co-founder and original CEO last year. The note is the initial step in closing the company’s Series C funding round that’s expected to be finalized later this… Continue reading Robotaxi Startup Zoox Raises New Millions – Forbes
Hamburg and Continental agree on mobility partnership
Joint ITS projects: protection of vulnerable road users and more efficient use of parking spaces Today, the Free and Hanseatic City of Hamburg signed a partnership agreement with the technology company Continental on the future development of urban mobility at the World Congress for Intelligent Transport Systems (ITS) in Singapore. Continental has had close links… Continue reading Hamburg and Continental agree on mobility partnership
Green number plates planned for electric cars
Drivers of electric cars across the UK may soon be using special green number plates under new plans. The aim is to make it possible for local authorities to allow zero-emission vehicles to benefit from incentives such as cheaper parking. The government hopes it will boost electric car sales, helping it achieve its 2050 target… Continue reading Green number plates planned for electric cars
EV Connect Secures $12 Million to Scale Cloud-Based Innovations for Electric Vehicle Charging
EL SEGUNDO, Calif., Oct. 22, 2019 /PRNewswire/ — To lead the global electric vehicle (EV) charging infrastructure into a future that optimizes energy transfer, and opens up new revenue streams and business models around charging EVs, EV Connect today announced that it has closed a $12 million Series B funding round. Lead investors, Mitsui & Co., Ltd. and Ecosystem… Continue reading EV Connect Secures $12 Million to Scale Cloud-Based Innovations for Electric Vehicle Charging
Groupe Renault introduces hydrogen into its light commercial vehicles range
Groupe Renault, with its experience in light commercial vehicles and as a pioneer and leader in electric light commercial vehicles in Europe, completes its offer with Renault KANGOO Z.E. Hydrogen at the end of 2019 and Renault MASTER Z.E. Hydrogen in 2020. The hydrogen fuel cell provides the additional energy for up to 3 times… Continue reading Groupe Renault introduces hydrogen into its light commercial vehicles range
Ford generates headlines with proactive EV charging strategy
Ford is currently selling only one plug-in vehicle, the Fusion Plug-in Hybrid (formerly the Fusion Energi). The company’s Focus Electric and C-MAX Energi seem to have been swept away in the recent sedan massacre. However, the company is planning to introduce a “Mustang-inspired electric crossover” in 2020, and is working on an electric pickup truck.… Continue reading Ford generates headlines with proactive EV charging strategy
India Digest: Uber investor backs InstaCar; Credence raises funding
Online outstation taxi marketplace InstaCar has raised an undisclosed sum from Uber investor David Cohen while Credence Whole Foods Pvt. Ltd snagged over $1 million in a strategic investment from IndoCan Honey. InstaCar raises capital from Uber Cabs investor Outstation taxi marketplace InstaCar has raised an undisclosed sum from Uber investor David Cohen, according to… Continue reading India Digest: Uber investor backs InstaCar; Credence raises funding