PSA signs a new operation in China. The French manufacturer announced on Monday to have taken a “significant stake” in FengChe, a specialist in “used vehicle management services in the local market”. The group will remain “minority shareholder”, PSA said the “Echoes” without revealing the amount of investment. of the “Push to Pass” strategic plan,… Continue reading PSA accelerates in services in China
Tag: Strategy
BlackBerry and the Government of Canada partner for a safe and secure connected future
BlackBerry and the Government of Canada announce a partnership to accelerate safety-certified autonomous and connected vehicle technology. The Prime Minister, Justin Trudeau, announced an investment of $40 million in BlackBerry QNX, a business unit of BlackBerry Limited, to develop safe and secure software systems for the next generation of connected and autonomous vehicles. BlackBerry will invest… Continue reading BlackBerry and the Government of Canada partner for a safe and secure connected future
PowerShare Raises Series A Funding Round
PowerShare, an electric vehicle (EV) charging platform startup based in China, received an investment from Alliance Ventures, the strategic venture capital arm of Renault-Nissan-Mitsubishi. The investment is part of the company’s Series A round, led by BP’s venturing business, BP Ventures, wwith participation from Detong Capital Partners. The amount of the deal was not disclosed.… Continue reading PowerShare Raises Series A Funding Round
Alliance Ventures invests in PowerShare to advance charging solutions and services for electric vehicles
Alliance Ventures, the strategic venture capital arm of Renault-Nissan-Mitsubishi, today announced a new investment in PowerShare, an electric vehicle (EV) charging platform startup based in China. PowerShare provides an online platform that connects EV drivers, charge point operators and power suppliers to streamline the charging experience. It offers a cloud-based system, enabling suppliers to monitor… Continue reading Alliance Ventures invests in PowerShare to advance charging solutions and services for electric vehicles
Groupe PSA invests in FengChe
FengChe is a leading Chinese provider of used car supply chain management and transaction services Groupe PSA is stepping up its international expansion in the used car business Founded in Shanghai in 2015, FengChe is a leading expert in used car supply chain management and transaction services in China. It provides a used car management… Continue reading Groupe PSA invests in FengChe
Nissan panel to recommend outside director to chair board: Nikkei
People walk past a dealer shop of Nissan Motor Co. in Tokyo, Japan, February 12, 2019. REUTERS/Kim Kyung-hoon TOKYO (Reuters) – A Nissan Motor governance committee will recommend the appointment of an external director as board chairman, a role distinct from company chairman, in a move to decentralize power at the top level, the Nikkei… Continue reading Nissan panel to recommend outside director to chair board: Nikkei
OXIS Energy Lithium-Sulfur Batteries To Be Produced In Brazil
OXIS Energy attracted $60 million investment to build small production facility OXIS Energy is progressing on the way to commercialize its lithium-sulfur (Li-S) battery, which already offers energy density of more than 400 Wh/kg and by the end of 2019 are expected to improve to 500 Wh/kg. The company signed contract with CODEMGE PARTICIPACOES SA,… Continue reading OXIS Energy Lithium-Sulfur Batteries To Be Produced In Brazil
UK Government Invests In Charging Points For Electric Taxis
The government has set aside £6 million for 17 councils to install electric car charging points that will support the uptake of electric taxis. More UK News The local authorities, which are dotted around the country in cities such as Manchester, Brighton and Leicester, will build a combined total of almost 350 charge points. Of those,… Continue reading UK Government Invests In Charging Points For Electric Taxis
Dealers see decline in volumes of nearly new diesel cars
Dealers are beginning to see a decline in the numbers of nearly new diesel cars in the market as a result of dieselgate three years ago. Diesel sales have been falling steadily and the nearly new diesel used car parc has shrunk as a result. “The dawn of dieselgate three years ago had a relatively… Continue reading Dealers see decline in volumes of nearly new diesel cars
Carmakers cut their PCP prices to kickstart Q1
Car manufacturers have adjusted their retail offer strategies to kickstart the year with a 4.4% drop in the average monthly prices of PCP deals, to £311.40, according to AM’s latest quarterly data. The increased affordability across manufacturers’ model ranges is in contrast to the 5.5% quarterly rise seen in Q4 2018. AM’s analysis of 259… Continue reading Carmakers cut their PCP prices to kickstart Q1