Tag: Geely

STOREDOT ACHIEVES MAJOR COMMERCIALIZATION MILESTONE WITH FIRST PRISMATIC XFC BATTERY CELLS

Prismatic cells offer performance benefits and mechanical protection for electric vehicles, making them the preferred form factor for many OEMs Detailed cell design and expert engineering were required to manage the technological challenges associated with silicon-based anodes and high currents when scaling StoreDot’s Extreme Fast Charging (XFC) solution from soft pouch to hard prismatic cells StoreDot… Continue reading STOREDOT ACHIEVES MAJOR COMMERCIALIZATION MILESTONE WITH FIRST PRISMATIC XFC BATTERY CELLS

CATL, Didi to build battery swap facilities for ride-hailing cars

Every Wednesday and Friday, TechNode’s Briefing newsletter delivers a roundup of the most important news in China tech, straight to your inbox. CATL and Didi said on Jan. 28 that they have signed a partnership to build battery swap stations for commercial fleets to recharge their electric vehicles, in a sign of China’s urgent need… Continue reading CATL, Didi to build battery swap facilities for ride-hailing cars

German Manager Magazine: Volvo: Car maker turns off Polestar’s money supply003070

The Swedish car maker Volvo is turning this around Electric car manufacturer Polestar shuts off the money. In the future, support for the company will come solely from Polestar co-owner Geely, Volvo Cars announced on Thursday. Polestar said Volvo Cars would remain a strategic partner in development, manufacturing or spare parts business, but was considering… Continue reading German Manager Magazine: Volvo: Car maker turns off Polestar’s money supply003070

Volvo completes acquisition of battery business from Proterra Inc. and Proterra Operating Company

GOTHENBURG, Sweden, Feb. 1, 2024 /PRNewswire/ — The Volvo Group has today completed the previously announced transaction whereby the Group acquired the battery business from Proterra Inc. and Proterra Operating Company Inc. The acquisition, which was made at a purchase price of USD 210M before adjustment for inventory level at closing, includes a development center… Continue reading Volvo completes acquisition of battery business from Proterra Inc. and Proterra Operating Company

NIO Inc. Provides January 2024 Delivery Update

NIO delivered 10,055 vehicles in January 2024, increasing by 18.2% year-over-year Cumulative deliveries of NIO vehicles reached 459,649 as of January 31, 2024 SHANGHAI, China, Feb. 01, 2024 (GLOBE NEWSWIRE) — NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the premium smart electric vehicle… Continue reading NIO Inc. Provides January 2024 Delivery Update

Volvo Cars to stop funding Polestar electric sports car business

Standard Digital FT Digital Edition Premium Digital Print + Premium Digital Print Trial $39 per month Essential digital access to quality FT journalism on any device. Pay a year upfront and save 20%. What’s included Everything in Standard Digital Global news & analysis Expert opinion Special features FirstFT newsletter Videos & Podcasts Android & iOS… Continue reading Volvo Cars to stop funding Polestar electric sports car business

The stock market has fallen out of love with electric cars

Renault’s decision to cancel the stock market listing of its Ampere division is the latest in a series of postponements, cancellations or – for those that did float – mistimed listings for EV-angled businesses. Lotus missed its deadline last year to list its electric arm in the US via the SPAC method and now says it… Continue reading The stock market has fallen out of love with electric cars

Volvo Cars 2023 profit increases by 43 percent to deliver a record year in the company’s 97-year history

GOTHENBURG, Sweden, Feb. 1, 2024 /PRNewswire/ — Full Year 2023             2023 revenue was SEK 399.3 bn (SEK 330.1 bn in 2022)            2023 operating income (excl. JVs and associates) was SEK 25.6 bn (SEK 17.9 bn in 2022)            2023 operating income was SEK 19.9 bn… Continue reading Volvo Cars 2023 profit increases by 43 percent to deliver a record year in the company’s 97-year history