SHANGHAI — Chinese green tech company Envision Group plans to invest 2 billion euros ($2.4 billion) in a battery plant in France to supply Renault Group, underlining how Asian companies are aiming for a major slice of Europe’s electric vehicle supply chain. Envision and the French automaker — which is in a car making alliance… Continue reading Chinese EV battery maker Envision to build $2.4bn plant for Renault
Tag: Mitsubishi
@Renault: RENAULT GROUP: Renault Group et STMicroelectronics annoncent leur coopération stratégique dans l’électronique de puissance000238
COMMUNIQUE DE PRESSE25 juin 2021 Renault Group et STMicroelectronics annoncent leur coopération stratégique dans l’électronique de puissance Renault Group choisit STMicroelectronics comme partenaire clé en matière d’innovation, sécurisant l’approvisionnement et la production de semi-conducteurs de puissance avancés destinés aux véhicules électriques et hybrides à partir de 2026 ; STMicroelectronics développera des produits et des solutions sur… Continue reading @Renault: RENAULT GROUP: Renault Group et STMicroelectronics annoncent leur coopération stratégique dans l’électronique de puissance000238
@Toyota: Woven Alpha Automated Mapping Platform and Mitsubishi Fuso Collaborate on Latest HD Mapping Technology for Advanced Driver Assistance Systems Functionality
Woven Alpha, Inc. (“Woven Alpha”), a group company of Woven Planet Holdings, Inc. (“Woven Planet”), a subsidiary of Toyota Motor Corporation (“Toyota”), has agreed to collaborate with Mitsubishi Fuso Truck and Bus Corporation (“MFTBC”) to explore and advance safety for Advanced Driver Assistance Systems (“ADAS”) with its Automated Mapping Platform (“AMP”). The initiation of this… Continue reading @Toyota: Woven Alpha Automated Mapping Platform and Mitsubishi Fuso Collaborate on Latest HD Mapping Technology for Advanced Driver Assistance Systems Functionality
Sputtering Nissan-Renault alliance stirs shareholder unrest
TOKYO — Nissan Motor’s general shareholders meeting Tuesday spotlighted the struggles of the automaker’s alliance with Renault and Mitsubishi Motors, a partnership that initially promised to rival the likes of Toyota Motor and Volkswagen. Nissan CEO Makoto Uchida apologized to investors for the gap that has opened between Nissan and its rivals, and also for… Continue reading Sputtering Nissan-Renault alliance stirs shareholder unrest
Chinese robotaxi unicorn WeRide bags over $600M in 5 months
It’s hard to keep up with the fundraising spree in China’s autonomous driving industry these days. Guangzhou- and California-based robotaxi company WeRide, which counts Renault-Nissan-Mitsubishi Alliance as one of its strategic investors, has raised over $600 million in just under five months from its Series B and C financing rounds. The four-year-old upstart said in… Continue reading Chinese robotaxi unicorn WeRide bags over $600M in 5 months
Chinese self-driving startup WeRide raises $310m, strengthens ties with Nissan …
WeRide, a China-based autonomous driving startup, said on Wednesday that it would deepen development with Nissan Motor on autonomous driving technology for the China market as it raised $310 million at a $3.3 billion valuation. WeRide, led by founder Tony Han, is pursuing what is known in the auto industry as a level 4 autonomous… Continue reading Chinese self-driving startup WeRide raises $310m, strengthens ties with Nissan …
The Station: Waymo nabs more capital, Cruise taps a $5B credit line and hints about Argo’s future
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hello and welcome back to The Station, a weekly newsletter dedicated to all the ways people and packages move (today and in the future) from Point A to… Continue reading The Station: Waymo nabs more capital, Cruise taps a $5B credit line and hints about Argo’s future
@Ford: Franck Louis-Victor to Join Ford as VP, New Businesses, A Strategic Priority in Ford+ Plan to Grow, Create Value
Will head cross-functional team charged with accelerating development, incubation and delivery of new businesses to accelerate innovation in areas including AVs, mobility services DEARBORN, Mich., June 21, 2021 – A key driver of the Ford+ plan to grow and create value for customers and other stakeholders has a new leader, with Ford naming former Groupe… Continue reading @Ford: Franck Louis-Victor to Join Ford as VP, New Businesses, A Strategic Priority in Ford+ Plan to Grow, Create Value
Interview: Carlos Ghosn on the dark side of Japan, life in Lebanon and his upcoming documentary – Arab News
LONDON: Carlos Ghosn, the auto-executive-turned-fugitive who plotted a brazen escape from Osaka in December 2019 following his arrest by Japanese authorities on charges of financial misconduct, has denounced what he calls Japan’s darker side — its legal system. Ever since the French-Lebanese-Brazilian former chairman of Japanese car giant Nissan was arrested at Tokyo International Airport… Continue reading Interview: Carlos Ghosn on the dark side of Japan, life in Lebanon and his upcoming documentary – Arab News
Mitsubishi HC Capital to buy NYSE-listed CAI International for $1.1b
Transportation finance and logistics company CAI International Inc said on Thursday it has agreed to a $1.1 billion takeover by Mitsubishi HC Capital Inc, as the Japanese financial firm expands its overseas operations. The deal consists of $104 million worth of preferred stock and $986 million of common stock equity value, and has an enterprise… Continue reading Mitsubishi HC Capital to buy NYSE-listed CAI International for $1.1b