Eicher Motors Ltd today reported its highest-ever revenues and profits for the fourth quarter of 2023-24 and the full financial year 2024. The company’s net profit rose 18 percent in the quarter, while it grew at a much higher rate of 37 percent during the financial year. The quarterly performance was driven by Royal Enfield… Continue reading Eicher Motors posts record revenue, profit for Q4, FY24
Tag: Geely
The buzziest EV IPO of the year is a Chinese automaker
Electric vehicle demand might be softening, but investors appear to be excited about the U.S. debut of a Chinese luxury EV brand. Geely-owned Zeekr hit the New York Stock Exchange with a splash on Friday, making it the first major U.S. listing by a Chinese company since 2021, following China’s effective ban on foreign IPOs.… Continue reading The buzziest EV IPO of the year is a Chinese automaker
Chinese EV Maker Zeekr Heads for US Listing at Reduced Valuation
(Bloomberg) — When Chinese electric-vehicle maker Zeekr lists in the US on Friday, it will be at a valuation of around $5.2 billion, less than half the $13 billion valuation announced following a funding round early last year. Most Read from Bloomberg The precipitous change in fortunes has surprised even the company’s top management. In… Continue reading Chinese EV Maker Zeekr Heads for US Listing at Reduced Valuation
The Indonesia Construction Equipment Market Sales to Reach 36,510 Units by 2029 – Exclusive Research Report by Arizton
CHICAGO, May 9, 2024 /PRNewswire/ — According to Arizton’s latest research report, the Indonesia construction equipment market is growing at a CAGR of 4.17% during 2023-2029. To Know More, Click: https://www.arizton.com/market-reports/indonesia-construction-equipment-market Continue Reading Indonesia Construction Equipment Market Research Report by Arizton Indonesia Construction Equipment Market Report Scope Report Attributes Details Market Size- Volume (2029) 36,510 Units… Continue reading The Indonesia Construction Equipment Market Sales to Reach 36,510 Units by 2029 – Exclusive Research Report by Arizton
Cleantechnica: Are Tesla Sales Slowing Down Under?003416
Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! The mainstream media would have us believe that electric cars are facing stagnating demand. No doubt they will be encouraged by the drop in Tesla sales March to April. In April 2024, Tesla Australia delivered 2077 vehicles (1166 Model… Continue reading Cleantechnica: Are Tesla Sales Slowing Down Under?003416
Clean Technica: What Falling Sales? Global EV Sales Grow 19% in March!003415
Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! EVs Now 19% of World Auto Sales Global plugin vehicle registrations were up 19% in March 2024 compared to March 2023. There were 1.3 million registrations. BEVs were up by 7% YoY, while plugin hybrids jumped 50% YoY, with… Continue reading Clean Technica: What Falling Sales? Global EV Sales Grow 19% in March!003415
China’s Zeekr prices US IPO at top of range to raise $441mZeekr upsized its IPO to sell 21 million American Depositary Shares at $21 per share.
Chinese electric vehicle maker Zeekr Intelligent Technology priced its U.S. initial public offering (IPO) at the top of its indicated range on Thursday, raising $441 million, a person familiar with the matter said. Zeekr, which is the premium brand of Chinese automaker Geely, upsized its IPO to sell 21 million American Depositary Shares at $21… Continue reading China’s Zeekr prices US IPO at top of range to raise $441mZeekr upsized its IPO to sell 21 million American Depositary Shares at $21 per share.
NIO and GAC announce new EV charging and battery swapping partnership
NIO and GAC Group have signed a new strategic cooperation agreement on charging and swapping in Guangzhou, Guangdong Province. Through it, the Chinese OEMs will engage in comprehensive, in-depth, strategic cooperation in areas related to charging and swapping – including battery standards, vehicle R&D and customization, battery asset management and operations, swapping network development and… Continue reading NIO and GAC announce new EV charging and battery swapping partnership
Tesla drives Luminar lidar sales and Motional pauses robotaxi plans
Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. Sign up here for free — just click TechCrunch Mobility! Tap, tap. Mic check. Check 1, 2, 3. This thing on? Hey hey, yup, it’s the same TechCrunch Mobility newsletter you love, but on a different day.… Continue reading Tesla drives Luminar lidar sales and Motional pauses robotaxi plans
Audi A1 designer on how he’s shaped Zeekr
Stefan Sielaff has been one of the most prominent car designers of the past few decades, working mainly for the Volkswagen Group leading the design of Bentley and Audi among numerous other roles. In September 2021, he succeeded Peter Horbury as Geely’s global design boss, overseeing all of the Chinese brand’s marques. His arrival coincided… Continue reading Audi A1 designer on how he’s shaped Zeekr