Tag: Geely

Perils of ignoring ICT developments in auto industry

  Visitors experience a smart cockpit of an Aito M9 vehicle at the 2024 Beijing International Automotive Exhibition in Beijing, China, April 25, 2024. [Photo/Xinhua] As a reporter who had been focusing on the information, communication and technology, or ICT, sector for about nine years, I never expected that one day I would write stories… Continue reading Perils of ignoring ICT developments in auto industry

Geely’s Zeekr seeks up to $5.13bn valuation in U.S. IPO

(Reuters) — Electric-vehicle maker Zeekr Intelligent Technology Holding said on Friday it was targeting a valuation of up to $5.13 billion in its U.S. initial public offering, the first major floatation by a China-based company in more than two years. Zeekr is looking to raise up to $367.5 million by selling 17.5 million American depositary… Continue reading Geely’s Zeekr seeks up to $5.13bn valuation in U.S. IPO

Winter testing: Pushing a Volvo EX30 to the limit in Swedish Lapland

Watching Niclas Lindberg, an ice-driving specialist, fluently testing adhesion in a Volvo EX30 is enough to mesmerise even an advanced motorist, let alone this humble writer on his first trip to Lulea, about 750 miles north of Gothenburg in Swedish Lapland. This is where Volvo has been testing, close to the Arctic Circle, since the… Continue reading Winter testing: Pushing a Volvo EX30 to the limit in Swedish Lapland

China’s Zeekr seeks over $5b valuation in US IPO

Electric vehicle maker Zeekr Intelligent Technology Holding said on Friday it was targeting a valuation of up to $5.13 billion in its US initial public offering (IPO), the first major floatation of a China-based company in more than two years. Zeekr is looking to raise up to $367.5 million by selling 17.5 million American depositary shares (ADSs) priced between $18 and $21 each. The IPO will test investors’… Continue reading China’s Zeekr seeks over $5b valuation in US IPO

Luminar cuts 20% of staff and outsources lidar production

Lidar company Luminar is slashing its workforce by 20% and will lean harder on its contract manufacturing partner as part of a restructuring that will shift the company to a more “asset-light” business model, as it aims to scale production. The cuts will affect around 140 employees, and are starting immediately. Luminar is also cutting… Continue reading Luminar cuts 20% of staff and outsources lidar production

Worried about dementia? Here’s why I’m ditching GPS for a road atlas

Gregory_DUBUS/Getty Images One of my kids is playing a regional rival in soccer and the venue is in unfamiliar territory. Getting there on time on a weekday is challenging enough thanks to endless domestic chores. However, my recent ritual — borne of a discovery that using navigational apps has been linked to higher rates of… Continue reading Worried about dementia? Here’s why I’m ditching GPS for a road atlas

German Manager Magazine: Rivian: Frank Klein leaves electric car manufacturer, Javier Varela takes over003299

In the middle of the crisis, the electric car manufacturer Rivian lost its COO Frank Klein (51). After around two years as operational boss, Klein resigned, the start-up from Irvine, California announced on Friday without giving any reasons. Javier Varela, who was most recently deputy CEO at Volvo Cars, will take over his position in… Continue reading German Manager Magazine: Rivian: Frank Klein leaves electric car manufacturer, Javier Varela takes over003299

EU says information from three Chinese EV makers insufficient

If the Commission concludes that the provided information from sampled companies BYD, SAIC and Geely is insufficient, it could use evidence available elsewhere to compute tariffs, a move that can inflate them. The European Commission has warned three Chinese electric vehicle makers that they have not supplied sufficient information for its anti-subsidy investigation, according to… Continue reading EU says information from three Chinese EV makers insufficient

Ramkrishna Forgings eyes 20% revenue growth in FY25, says CFO

Ramkrishna Forgings, a Kolkata-based auto ancillary, saw a 24% increase in topline in FY24 at Rs 3,955 crore and anticipates sustaining this growth momentum, with a further 15%–20% rise projected for FY25.  According to Lalit Kumar Khetan – Whole-Time Director and Chief Financial Officer, a significant rebound in domestic volumes as well as the increasing… Continue reading Ramkrishna Forgings eyes 20% revenue growth in FY25, says CFO