German automakers have turned up in full force at Shanghai’s Auto Show as they fight to stay on top of consumer trends in the country that will define whether they maintain their market dominance in the electric age both at home and abroad. Their heavy presence – with the entire board of Volkswagen AG and more than… Continue reading German automakers fight to stay ahead in race against Chinese rivalsChinese brands are also adopting new strategies to make inroads in Europe.
Tag: Volvo
Volvo Group – the first quarter 2023
GOTHENBURG, Sweden, April 20, 2023 /PRNewswire/ — “During Q1 2023, the Volvo Group’s growth continued and our profitability took a step up. Sales increased in all business areas and in all regions. Net sales rose by 25% to SEK 131.4 billion, the highest so far for a first quarter. We increased the adjusted operating income… Continue reading Volvo Group – the first quarter 2023
Motherson completes acquisition of Alabama-based plastics supplier Bolta US
Indian automotive Tier-1 conglomerate Motherson Group has completed the acquisition of Alabama, US-based automotive plastics supplier Bolta US. The Noida-headquartered company informed the Stock Exchange about the transaction in a notification dated April 17. The Motherson Group executed the transaction after Bolta US getting authorisation from the United States Bankruptcy Court, approving the sale of all its… Continue reading Motherson completes acquisition of Alabama-based plastics supplier Bolta US
Digital Procurement World (DPW) Announces 2023 Headline Speakers
Leading Tech Innovators from Across Industries and Geographies Join the Annual Procurement and Supply Chain Event in Amsterdam AMSTERDAM, April 19, 2023 /PRNewswire/ — Digital Procurement World (DPW), the world’s biggest and most influential tech event for the procurement and supply chain industry, today announced the key speakers that will headline this year’s event. The… Continue reading Digital Procurement World (DPW) Announces 2023 Headline Speakers
@Geely-Volvo: Waze app is now available in your Volvo car
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@Geely-Volvo: Volvo Cars co-hosts electric test drive for EU ministers and showcases near zero emission steel
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Shanghai motor show 2023 gallery: every new car revealed
Yet, in a show where more is very much more, the most distinctive, memorable stand was one with just two cars on view. Polestar chose to present the new 4 coupé-SUV face-to-face with the larger 3 on a plinth surrounded by more than 80,000 live red tulips. It’s an unforgettable, dramatic visual, and one that really… Continue reading Shanghai motor show 2023 gallery: every new car revealed
Why high-end hardware is key to Geely’s digital push
The Chinese car buyer is well known for valuing digital experience above pretty much all others. So it makes sense that a company with a background of fulfilling their need for flashy graphics, multiple apps and smartphone integration should come knocking on the doors of Western car makers. This is the plan of Geely affiliate Ecarx,… Continue reading Why high-end hardware is key to Geely’s digital push
Northvolt and Scania unveil green battery capable of powering trucks for 1.5 million kilometers
Today, Northvolt and Scania unveiled a jointly developed battery cell for heavy electric vehicles. In validation tests, the lithium-ion cell has demonstrated an outstanding lifetime resulting in the capacity to power trucks for 1.5 million kilometers – equivalent to the truck’s whole lifetime. Produced with fossil-free electricity in northern Sweden, the cell’s carbon footprint is… Continue reading Northvolt and Scania unveil green battery capable of powering trucks for 1.5 million kilometers
Robo Taxis Global Market Report 2023: Market to Grow at a Staggering CAGR of 58.6% to Reach $17.84 Billion by 2027
DUBLIN, April 18, 2023 /PRNewswire/ — The “Robo Taxis Global Market Report 2023” report has been added to ResearchAndMarkets.com’s offering. The global robo taxis market grew from $1.73 billion in 2022 to $2.82 billion in 2023 at a compound annual growth rate (CAGR) of 63.2%. The robo taxis market is expected to grow to $17.84 billion… Continue reading Robo Taxis Global Market Report 2023: Market to Grow at a Staggering CAGR of 58.6% to Reach $17.84 Billion by 2027