Nio’s second factory in the city of Hefei has around 2,000 human workers and 756 robots. CNBC | Evelyn Cheng BEIJING – U.S.-listed Chinese electric car companies are spending more on research as a ratio to sales than Tesla, according to CNBC analysis of the four automakers’ first-quarter earnings. It’s a strategy for survival in… Continue reading Chinese EV startups are spending more on research than Tesla is
Tag: Geely
Lear Reports Second Quarter 2024 Results
SOUTHFIELD, Mich., July 25, 2024 /PRNewswire/ — Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today reported results for the second quarter 2024. Lear Corporation Logo. (PRNewsFoto/Lear Corporation) (PRNewsfoto/Lear Corporation) Second Quarter 2024 Highlights Delivered record quarterly revenue of $6.0 billion in the second quarter, a modest increase compared to the second… Continue reading Lear Reports Second Quarter 2024 Results
Ramkrishna Forgings’ capacity addition to bolster growth
Kolkata-based Ramkrishna Forgings looks to augment growth with the expansion of its press line. The automotive components supplier’s total capacity of press lines is slated to increase to 308,400 tonnes by FY25 end. The installed capacity as on June 30, 2024, was 229,150 tonnes the company informed investors. Elaborating further on its new 8000 tonne press line… Continue reading Ramkrishna Forgings’ capacity addition to bolster growth
Elon Musk says he expects China to approve Tesla’s Full Self-Driving by the end of the year
Tesla China sales fell by 5.4% in the first half of the year, although the company retained third place in new energy vehicle sales, behind BYD and Geely, according to the China Passenger Car Association. Bloomberg | Bloomberg | Getty Images BEIJING — Tesla CEO Elon Musk has again touted the impending rollout of advanced… Continue reading Elon Musk says he expects China to approve Tesla’s Full Self-Driving by the end of the year
New Renault Twingo to be built in Slovenia
The new Renault Twingo is set to be built alongside the Clio at the Revoz plant in Novo Mesto, Slovenia. That is according to the Slovenian Press Agency, which today reported that the nation’s government has signed a memorandum of understanding with Renault to build 150,000 new Twingos per year at the plant, starting in… Continue reading New Renault Twingo to be built in Slovenia
BMW 5 Series LWB priced at Rs 72.90 lakh
BMW has launched the all-new 5 Series in India at Rs 72.90 lakh a couple of months after its electric sibling, the i5. While the 5 Series is being offered in LWB form – for the first time – the i5 is still based on the shorter wheelbase platform. Codenamed G68, the eighth-gen 5 Series LWB is… Continue reading BMW 5 Series LWB priced at Rs 72.90 lakh
Mini Countryman Electric priced at Rs 54.90 lakh
Mini has launched the new Countryman Electric in India at an introductory price of Rs 54.90 lakh (ex-showroom). The new Countryman is available in both ICE and EV iterations globally, but India only gets the electric version, for now. Incidentally, the Countryman Electric shares its underpinnings with the BMW iX1, which is its most direct… Continue reading Mini Countryman Electric priced at Rs 54.90 lakh
German Manager Magazine: Northvolt: Battery cell manufacturer in crisis restructures board003453
Recently, things have been anything but smooth for the Swedish battery cell manufacturer Northvolt. The group under co-founder and CEO Peter Carlsson (53) lost one BMW-Contract worth 2 billion euros; manager magazine reported exclusively about it. The reasoning was serious: the quality of the cells was not yet stable enough and the delivery date had… Continue reading German Manager Magazine: Northvolt: Battery cell manufacturer in crisis restructures board003453
Budget 2024: Allocation for roads reassures construction equipment makers, but stocks correct
India’s construction equipment industry could take some relief from the Union Budget unveiled today as it kept the allocation for Ministry of Road Transport and Highways’ allocation largely unchanged from the interim budget. There had been speculation the government would swerve towards the rural economy and welfare programs as a reaction to the ruling party’s… Continue reading Budget 2024: Allocation for roads reassures construction equipment makers, but stocks correct
Budget 2024: Allocation for roads reassures construction equipment makers, but stocks correct
India’s construction equipment industry could take some relief from the Union Budget unveiled today as it kept the allocation for Ministry of Road Transport and Highways’ allocation largely unchanged from the interim budget. There had been speculation the government would swerve towards the rural economy and welfare programs as a reaction to the ruling party’s… Continue reading Budget 2024: Allocation for roads reassures construction equipment makers, but stocks correct