Quanergy Systems, the Sunnyvale, California-based lidar company, said Tuesday it has agreed to merge with special purpose acquisition fund CITIC Capital Acquisition Corp., a Chinese blank-check firm affiliated with the country’s largest state-owned investment conglomerate. The deal, which puts an implied valuation on Quanergy at $1.4 billion, is expected to close in the second half… Continue reading Lidar company Quanergy to go public via $1.4B SPAC deal
Tag: Daimler
Board member says BMW to cut production cost per vehicle by 25%
By Reuters Staff 1 Min Read FILE PHOTO: A logo of German luxury carmaker BMW, is seen ahead of the company’s annual news conference in Munich, Germany, March 20, 2019. REUTERS/Michael Dalder/File Photo FRANKFURT (Reuters) – BMW plans significant production cost cuts by the middle of the decade, one of the German carmaker’s board members… Continue reading Board member says BMW to cut production cost per vehicle by 25%
bloXmove Mobility Blockchain Platform: The Future Of Mobility
bloXmove’s Mobility Blockchain Platform offers the technical solution for building such an underlying network. Our highly specialized distributed ledger technology combined with decentralized identities (DID) offers mobility service providers a fully automated integrated infrastructure for all transactions: from identifying customers, to concluding contracts and balancing bookings with the various partners. All of this secure, transparent… Continue reading bloXmove Mobility Blockchain Platform: The Future Of Mobility
Daimler wants to produce its own battery cells – Business Insider
Daimler AG sign is pictured at the IAA truck show in Hanover, Germany, September 22, 2016. REUTERS/Fabian Bimmer/File Photo BERLIN, June 22 (Reuters) – German carmaker Daimler AG (DAIGn.DE) wants to manufacture its own battery cells, Business Insider reported on Tuesday, citing company sources. Daimler struck a deal with Chinese battery supplier Farasis Energy in… Continue reading Daimler wants to produce its own battery cells – Business Insider
@Daimler: Change of leadership at the Mercedes-Benz plant in Wörth
Dr Andreas Bachhofer will become the new Plant Manager and Head of Production at the Mercedes-Benz plant in Wörth, effective from August 1, 2021. In this role, he succeeds Dr Matthias Jurytko, who is Managing Director and CEO of the fuel cell joint venture cellcentric since June 1, 2021. Stuttgart / Wörth am Rhein –… Continue reading @Daimler: Change of leadership at the Mercedes-Benz plant in Wörth
Daimler plans to develop ‘agency’ selling model in Europe, CEO says – Automotive News Europe
Kallenius said the agency approach fits in with Daimler’s overall efforts to digitalize its business and distribution model. “I’m a very strong believer that everything that is transactional when it comes to car sales and distribution needs to be digitized,” he said. “This removes friction, improves the customer experience and lowers costs. So, regardless of which… Continue reading Daimler plans to develop ‘agency’ selling model in Europe, CEO says – Automotive News Europe
Michael Li devient le nouveau co-président de Human Horizons
Michael Li a déclaré ce qui suit au sujet de sa nomination : « Je suis très honoré de me joindre à l’équipe d’Human Horizons. Cette entreprise novatrice est un chef de file de l’industrie automobile qui comprend réellement les besoins des consommateurs et qui sait comment les satisfaire. Sous la direction de Ding Lei et de l’équipe de direction… Continue reading Michael Li devient le nouveau co-président de Human Horizons
Bosch to supply fuel-cell components to Daimler Truck and Volvo Group JV
Fuel cells are finding their way onto the roads around the world. Bosch has won a major order for electric air compressors with integrated power electronics. These compressors govern the fuel-cell system’s oxygen supply. Bosch has signed a long-term agreement with cellcentric, the 50:50 joint venture between Daimler Truck and Volvo Group, to supply this… Continue reading Bosch to supply fuel-cell components to Daimler Truck and Volvo Group JV
Daimler speeds up shift to electric vehicles, Manager Magazin reports
LONDON, June 17 (Reuters) – Daimler AG (DAIGn.DE) will accelerate the launch of electric cars slated for the middle of this decade while phasing out fossil-fuel versions, as it revamps its electrification strategy, Manager Magazin reported on Thursday. Many of the electric vehicle models the German carmaker has planned for 2024 or 2025 will be… Continue reading Daimler speeds up shift to electric vehicles, Manager Magazin reports
Ineos Grenadier prototype 2022 review – AutoExpress
Verdict When the Grenadier is launched, it will be unrivalled in its segment. Buyers who have been waiting for precisely such a car won’t be disappointed, but just how many out there want something like the Grenadier remains to be seen. BMW engines promise performance and durability, and while the suspension tuning focuses on safe… Continue reading Ineos Grenadier prototype 2022 review – AutoExpress