TORONTO, Aug. 06, 2024 (GLOBE NEWSWIRE) — Martinrea International Inc. (TSX : MRE), a diversified and global automotive supplier engaged in the design, development and manufacturing of highly engineered, value-added Lightweight Structures and Propulsion Systems, today announced the release of its financial results for the second quarter ended June 30, 2024, and declared a quarterly… Continue reading Martinrea International Inc. Reports Strong Second Quarter Results and Declares Dividend
Tag: Geely
Proton to return to UK in Geely-backed expansion
Proton is on the verge of a major global export expansion that is set to take it back to the UK market, sources close to its CEO, Li Chunrong, have revealed. The expansion, which is also planned to encompass new right-hand-drive markets throughout Asia and South Africa as well as a return to Australia and New Zealand,… Continue reading Proton to return to UK in Geely-backed expansion
Exports of 2-wheelers, trucks, buses to take a big hit
Industry executives said factories in Bangladesh have been closed for the past three days amid the deteriorating scenario in the neighbouring country. Indian exports of two-wheelers, trucks, and buses to Bangladesh are likely to be severely hit this month with the South Asian nation grappling with a deadly civil unrest. Bajaj Auto, India’s largest exporter… Continue reading Exports of 2-wheelers, trucks, buses to take a big hit
Mercury Insurance Names the Most Affordable New EVs to Insure
Three Hyundai Motor Group Products Make This Year’s List LOS ANGELES, Aug. 5, 2024 /PRNewswire/ — Due to the growing demand for electric vehicles, particularly in California, Mercury Insurance (NYSE: MCY) has compiled a list of the most affordable new EVs to insure, which will arm consumers with valuable knowledge when they go to shop for… Continue reading Mercury Insurance Names the Most Affordable New EVs to Insure
CATL makes strategic investment in flying car maker AutoFlightAutoFlight had raised $100m in a Series A round in Sept 2021.
Chinese electric vehicle battery maker CATL has injected “several hundreds of millions” of US dollars into electrical aerial vehicle maker AutoFlight. Alongside the strategic investment, the two will jointly dedicate resources for the R&D of batteries used in electric aviation, according to a company release on Sunday. “By combining their respective resources and technical expertise,… Continue reading CATL makes strategic investment in flying car maker AutoFlightAutoFlight had raised $100m in a Series A round in Sept 2021.
Volvo Cars gears up for a renewed push in the Indian luxury market
Martin Persson, head of Volvo Cars for Asia Pacific, excluding China (APeC), has no illusions about his company’s way forward in the Indian market. Even as he reveals that the Swedish automaker is preparing a new ‘comprehensive plan’ to realise the ‘enormous potential’ of India, he hastens to add that he doesn’t expect it to… Continue reading Volvo Cars gears up for a renewed push in the Indian luxury market
Driverless vehicles to lift battery swapping
Visitors check out NIO charging piles during an international automobile expo in Changchun, Jilin province, in July. The company aims to build 1,000 battery swapping stations in China in 2023, bringing the total number to 2,300 by this year-end. [Photo provided to China Daily] A boom in autonomous vehicles is expected to usher in fresh… Continue reading Driverless vehicles to lift battery swapping
Clean Technica: EVs Take 94.3% Share In Norway — New Record High003530
Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! July saw plugin EVs take 94.3% share in Norway, up from 89.9% year on year. BEVs alone took almost 92% of the market, close to a record, and PHEVs contributed 2.4%. Overall auto volume was 6,456 units, down 14%… Continue reading Clean Technica: EVs Take 94.3% Share In Norway — New Record High003530
Li Auto’s July deliveries hit a record as Chinese EV consumers prefer hybrid options
A newly released Li Auto L6 new energy vehicle is displayed at a store in Shanghai, China, on April 19, 2024. Nurphoto | Nurphoto | Getty Images BEIJING — Chinese new energy vehicle company Li Auto announced Thursday it delivered a record number of cars in July, boosted by sales of its new, lower-cost Li… Continue reading Li Auto’s July deliveries hit a record as Chinese EV consumers prefer hybrid options
CV sales slip 12% YoY in July amidst headwinds
India’s commercial vehicle (CV) industry encountered a challenging July, with wholesale volumes of four listed OEMs declining by 12% year-on-year (YoY). The downturn was largely attributed to a high base effect from the previous year and the lingering impact of the post-election transition period. Industry experts echoed these sentiments. Kinjal Shah, Senior Vice President and… Continue reading CV sales slip 12% YoY in July amidst headwinds