Volkswagen together with Siemens, the leading global technology company, is investing $450 million (Rs 3,513 crore), valuing Electrify America at $2.45 billion (Rs 19,129 crore). Through its financing arm Siemens Financial Services (SFS), Siemens becomes a minority shareholder in Electrify America with a low triple-digit million USD investment and will hold a seat on the… Continue reading Volkswagen and Siemens invest $450m in Electrify America’s growth vision
Tag: VW
German Handelsblatt: Pilot test: Volkswagen and Eon make electric cars for storage004577
Volkswagen is turning the ID.Buzz into an electricity storage device Deliveries of the new ID.Buzz from Volkswagen will begin in autumn. The minibus becomes “bidirectional” and can thus return the charged electricity to the grid – and thus becomes a storage device. (Photo: dpa) In the future, electric cars can help to solve a major… Continue reading German Handelsblatt: Pilot test: Volkswagen and Eon make electric cars for storage004577
The Hyundai Ioniq 6 EV Is Astonishingly Aerodynamic
Hyundai is on a roll. Global sales are up 4 percent, despite ongoing pandemic and supply chain issues, and sales outside of its native South Korea are up an impressive 7 percent. Then there is the small matter of awards. Of the top three 2022 World Car of the Year finalists, an accolade conferred by… Continue reading The Hyundai Ioniq 6 EV Is Astonishingly Aerodynamic
German Handelsblatt: Pilot test: Volkswagen and Eon make electric cars for storage004575
Volkswagen is turning the ID.Buzz into an electricity storage device Deliveries of the new ID.Buzz from Volkswagen will begin in autumn. The minibus becomes “bidirectional” and can thus return the charged electricity to the grid – and thus becomes a storage device. (Photo: dpa) In the future, electric cars can help to solve a major… Continue reading German Handelsblatt: Pilot test: Volkswagen and Eon make electric cars for storage004575
Steve Cropley: An hour with the world’s fastest man
Monday It’s Goodwood Festival of Speed week, and several days before the event begins in earnest, the air is filled with car-based joy. Wouldn’t it be great if the pervading mood of the wider nation could emulate the optimism and happy anticipation of this mighty Sussex event, 29 years old this year? Two decades ago,… Continue reading Steve Cropley: An hour with the world’s fastest man
South Korean equipment manufacturers enter U.S. Ford’s ‘battery production line construction business’
3 companies including Creative & Innovative Systems (CIS), NS, and Hana TechnologyAs preferred negotiators…Final supply contract to be signed next monthSupport in the field of inspection, electrod Three South Korean equipment manufacturers were selected for the first battery production line construction project carried out by Ford, a leading U.S. automaker. Among traditional U.S. automakers, Ford… Continue reading South Korean equipment manufacturers enter U.S. Ford’s ‘battery production line construction business’
WOVEN PLANET HOLDINGS APPOINTS JOHN ABSMEIER TO BE CHIEF TECHNOLOGY OFFICER
Joins deep leadership bench leading accelerating software and technology development program TOKYO and PALO ALTO, Calif., June 28, 2022 /PRNewswire/ — Woven Planet Holdings, Inc. (“Woven Planet”), a subsidiary of Toyota Motor Corporation (“Toyota”), today announced that John Absmeier will join the Company as chief technology officer, effective July 25, 2022. He will report to Woven Planet… Continue reading WOVEN PLANET HOLDINGS APPOINTS JOHN ABSMEIER TO BE CHIEF TECHNOLOGY OFFICER
Tesla’s Aura Dims as Its Plunging Stock Highlights the Risks It Faces
Investors are reassessing the premise that justified Tesla’s astronomical stock price and made its founder, Elon Musk, the richest person in the world. Tesla’s $1 trillion valuation made sense only if investors believed the electric car company was on a path to dominate the auto industry the way Apple rules smartphones or Amazon commands online… Continue reading Tesla’s Aura Dims as Its Plunging Stock Highlights the Risks It Faces
Volkswagen, Siemens invest $450M into Electrify America in EV charging push
Volkswagen Group subsidiary Electrify America said Tuesday it raised $450 million in a deal that includes its first external investor as it aims to accelerate its rollout of ultra-fast charging stations in the U.S. and Canada. The deal, which values North America’s largest ultra-fast EV charging network at $2.45 billion, includes more than $100 million… Continue reading Volkswagen, Siemens invest $450M into Electrify America in EV charging push
BMW taps Valeo for driving assistance systems in its next-gen EVs
BMW Group has tapped Valeo to provide the advanced driver assistance system for the automaker’s new electric vehicle platform due to launch in 2025. The deal, a significant win for Valeo, also holds importance for BMW. The automaker is aiming to capture a 50% market share of global EV sales by the end of the… Continue reading BMW taps Valeo for driving assistance systems in its next-gen EVs