German Manager Magazine: Swedish battery producer: Northvolt presents sodium-ion battery 002894

The Swedish company Northvolt has announced the construction of sodium-ion batteries. The cell, developed together with research partner Altris, has a peak energy density of more than 160 watt hours per kilogram and is free of lithium, nickel, cobalt and graphite, the company announced on Tuesday. It is safer, cheaper and more sustainable than conventional… Continue reading German Manager Magazine: Swedish battery producer: Northvolt presents sodium-ion battery 002894

Reasons Why You Should Retain Lear (LEA) in Your Portfolio

Lear Corporation LEA to benefit from the M&N Plastics, Kongsberg, Xevo and IGB buyouts. However, ramping up investments in research and development (R&D) and technology, and increases in hourly wages are concerning. The Zacks Consensus Estimate for Lear’s 2024 revenues and earnings per share is pegged at $23.28 billion and $12.02, respectively, implying a rise… Continue reading Reasons Why You Should Retain Lear (LEA) in Your Portfolio

TopBrand 2023 Global Brands: U.S. Tops List with 172 Brands, China Secures No. 2 Position

BEIJING, Nov. 21, 2023 /PRNewswire/ — On November 18th, the 17th China Brand Festival 2023 focusing on the theme ‘Recovery and Growth,’ took place at the Yunqi Town Convention and Exhibition Center (a.k.a. Cloud Town) in Hangzhou. This prestigious event gathered over 6,000 distinguished guests, spanning a wide range of sectors across government, commerce, industry, academia,… Continue reading TopBrand 2023 Global Brands: U.S. Tops List with 172 Brands, China Secures No. 2 Position

Climate Activists Tell the EV Industry to Fix Its Filthy Supply Chain

Saturday’s demonstrators targeted South Korean auto giant Hyundai. In addition to criticizing the company’s reliance on coal-powered steel plants, which a report from climate groups linked to 506 pollution-related premature deaths in 2021, they also denounced the company’s reported labor practices. Last December, a Reuters investigation found undocumented children working in the automaker’s supply chain… Continue reading Climate Activists Tell the EV Industry to Fix Its Filthy Supply Chain

Carwow moves to round-the-clock bidding for dealers

Carwow is moving to a ‘round the clock’ bidding model, giving dealers earlier bidding access to carwow’s used-car auctions and providing partners with greater convenience and flexibility. Each evening at 5.00pm, carwow will release the catalogue of vehicles going into its daily auction and open the bidding, this includes recommendations personalised to the dealer based… Continue reading Carwow moves to round-the-clock bidding for dealers

India’s heavy duty truck sales projected to reach 2,75,000-2,80,000 units by FY24-end amidst mining and infra expansion

Gagandeep Singh Gandhok, the Senior Vice President of HD Truck Business at Volvo Eicher Commercial Vehicles (VECV), believes that the industry sales volume for heavy duty trucks is likely to touch 2,75,000–2,80,000 units by the end of FY24. In comparison, 2,4,7858 units of heavy-duty trucks (more than 18.5 tonnes) were sold in FY23.He was expressing… Continue reading India’s heavy duty truck sales projected to reach 2,75,000-2,80,000 units by FY24-end amidst mining and infra expansion

Sports carmaker Alpine wants to reinvent itself, and Geely might help foot the bill

A290 French automaker Renault is looking to investors, including China’s Geely, to funnel some cash into its Alpine racing and sports car brand. Alpine, best known for its A110 sports coupe, is looking to reinvent itself as an all-around player in the EV space with a line of all-electric hatchbacks, SUVs, and crossovers. The brand… Continue reading Sports carmaker Alpine wants to reinvent itself, and Geely might help foot the bill

Volvo shares tumble 14% to record low as Chinese owner Geely sells off stock

Volvo vehicles seen outside a Volvo dealership in Edmonton, on October 26, 2023, in Edmonton, Alberta, Canada. Artur Widak | Nurphoto | Getty Images Volvo Cars shares tumbled as much as 14% on Friday morning after its parent company Zhejiang Geely Holding Group began a sale of around 100 million shares of the Swedish carmaker. Shares… Continue reading Volvo shares tumble 14% to record low as Chinese owner Geely sells off stock

From Guangzhou to Los Angeles, Automakers Dazzle With AI-Powered Vehicles

Good news for car lovers: Two acclaimed auto shows, taking place now through next week, are delighting attendees with displays of next-generation automotive designs powered by AI. Hundreds of thousands of auto enthusiasts worldwide are expected to visit Guangzhou, China — known as the city of flowers — to attend its auto show, running through… Continue reading From Guangzhou to Los Angeles, Automakers Dazzle With AI-Powered Vehicles

Volvo Cars shares drop to record low as Geely trims stake

OSLO (Reuters) — Shares of Swedish automaker Volvo Cars fell 14% on Friday as its majority shareholder, China’s Geely, sold a small part of its stake at a deep discount to the previous day’s closing price. Geely on Thursday launched a placing of 100 million Volvo Cars shares, which the deal’s bookrunners said after the… Continue reading Volvo Cars shares drop to record low as Geely trims stake