Other banks are Bank of America Merrill Lynch, Credit Suisse, Citigroup, Deutsche Bank, JPMorgan and UBS, said the people, declining to be identified as the deal details are not public. HONG KONG: Chinese electric vehicle startup Nio has hired eight banks including Morgan Stanley and Goldman Sachs to work on a planned US stock market… Continue reading China startup Nio hires eight banks for $2 bn US IPO
Tag: Hyundai
Aurora raises $90M Series A, adds Reid Hoffman and Mike Volpi to its board
Self-driving car startup Aurora has raised $90 million in a Series A round, with participation from both Greylock Partners and Index Ventures. The new funding adds to its available cash and will make it possible for the young startup to scale more quickly, but Aurora CEO Chris Urmson told me that the most important part… Continue reading Aurora raises $90M Series A, adds Reid Hoffman and Mike Volpi to its board
Hyundai unveils Kona Electric SUV in Europe
SEOUL, Feb. 28 (Yonhap) — Hyundai Motor Co., South Korea’s largest carmaker by sales, has unveiled the Kona Electric in Europe ahead of the Geneva Motor Show next month, the company said Wednesday. The all-electric crossover comes with a pair of powertrain options, one with a 64 kWh lithium-ion polymer battery pack with a range… Continue reading Hyundai unveils Kona Electric SUV in Europe
Hyundai’s Kona Electric SUV boasts a 292-mile range
Hyundai Hyundai’s newly bolstered EV strategy might be off to a good start. It just unveiled the Kona Electric, an adaptation of its crossover SUV that promises to combine both ample space with meaningful performance. The base edition’s 186-mile range and 9.3-second 0-62MPH time won’t raise eyebrows, but a long-range version can muster a 292-mile… Continue reading Hyundai’s Kona Electric SUV boasts a 292-mile range
A car of no compromise: the all-new Kona Electric
“Hyundai Motor is already leading in future mobility solutions,” says Andreas-Christoph Hofmann, Vice President Marketing and Product at Hyundai Motor Europe. “By launching our All-New Kona Electric, we are pushing our ambitious eco car strategy forward. It’s a car of no compromise – combining an SUV body type with electric-mobility. It represents Hyundai’s progressive character.… Continue reading A car of no compromise: the all-new Kona Electric
Gestamp recorded revenues of €8,202m in 2017
2.26.2018 Gestamp, the multinational company specialized in the design, development and manufacture of highly engineered metal components for the automotive industry, has recorded revenues of €8,202m in 2017, according to its full year results. Revenues have increased by 8.6% over the previous year, more than six times the growth of production volumes in Gestamp’s footprint… Continue reading Gestamp recorded revenues of €8,202m in 2017
Stoneacre Motor Group continues 2018 acquisitions with Burrows Motor Group Hyundai and Fiat deal
Stoneacre Motor Group has followed-up its January acquisition of Nottingham’s Chris Variava dealership complex with the completion of a deal to secure Burrows Motor Group’s Hyundai and Fiat franchises in Sheffield.
Naza Corporation Holdings and Groupe PSA Establish a Shared Manufacturing Hub In ASEAN
RUEIL-MALMAISON, France–(BUSINESS WIRE)–Regulatory News: Today, Groupe PSA (Paris:UG) and Naza Corporation Holdings announced the signing of a share sale agreement and a joint venture agreement, officially establishing shared operation of the Naza Automotive Manufacturing (NAM) plant in Gurun, Kedah, as the first manufacturing hub in ASEAN for Groupe PSA. In attendance to witness, the event… Continue reading Naza Corporation Holdings and Groupe PSA Establish a Shared Manufacturing Hub In ASEAN
Top Automotive Industry News for Week of February 19 – February 26, 2017
Here is the most important news associated with the automotive industry identified by the SEA for the week February 19, 2018 – February 25, 2018. We hope it helps you stay up to speed on the key developments in our industry: -AEA Membership News- The 2018 NADA AEA Member Reception is coming soon! The next… Continue reading Top Automotive Industry News for Week of February 19 – February 26, 2017
Kia Motors India to begin production by mid-2019
Construction of the new plant in Anantapur district of Andhra Pradesh began in mid-2017 with an investment of about $1.1 billion (around Rs 7,050 crore). Kia Motors India is going all out with its India operations. The carmaker has laid down the structural framework for its new manufacturing facility in the Anantapur district of Andhra Pradesh. The… Continue reading Kia Motors India to begin production by mid-2019