PowerShare, an electric vehicle (EV) charging platform startup based in China, received an investment from Alliance Ventures, the strategic venture capital arm of Renault-Nissan-Mitsubishi. The investment is part of the company’s Series A round, led by BP’s venturing business, BP Ventures, wwith participation from Detong Capital Partners. The amount of the deal was not disclosed.… Continue reading PowerShare Raises Series A Funding Round
Tag: Mitsubishi
Alliance Ventures invests in PowerShare to advance charging solutions and services for electric vehicles
Alliance Ventures, the strategic venture capital arm of Renault-Nissan-Mitsubishi, today announced a new investment in PowerShare, an electric vehicle (EV) charging platform startup based in China. PowerShare provides an online platform that connects EV drivers, charge point operators and power suppliers to streamline the charging experience. It offers a cloud-based system, enabling suppliers to monitor… Continue reading Alliance Ventures invests in PowerShare to advance charging solutions and services for electric vehicles
Amazon leads $700M round in electric automaker Rivian
Rivian, the electric automaker that debut its first two vehicles just three months ago, has raised $700 million in a round led by Amazon. The news follows a report earlier this week by Reuters that GM and Amazon were in talks to invest in the electric vehicle company. “We’re inspired by Rivian’s vision for the… Continue reading Amazon leads $700M round in electric automaker Rivian
Carmakers cut their PCP prices to kickstart Q1
Car manufacturers have adjusted their retail offer strategies to kickstart the year with a 4.4% drop in the average monthly prices of PCP deals, to £311.40, according to AM’s latest quarterly data. The increased affordability across manufacturers’ model ranges is in contrast to the 5.5% quarterly rise seen in Q4 2018. AM’s analysis of 259… Continue reading Carmakers cut their PCP prices to kickstart Q1
Nissan, Renault and Mitsubishi executives reaffirmed importance of alliance -Mitsubishi chief
Mitsubishi Motors Corp’s President and CEO Osamu Masuko speaks to the media after the company’s board meeting at a showroom of the company’s headquarters in Tokyo, Japan January 18, 2019. REUTERS/Issei Kato TOKYO (Reuters) – The chief executives of Japan’s Nissan and Mitsubishi Motors met with the newly appointed chairman of Renault in Tokyo on… Continue reading Nissan, Renault and Mitsubishi executives reaffirmed importance of alliance -Mitsubishi chief
Daimler Trucks: record year 2018 with best-ever unit sales, revenue and earnings
Record results for unit sales, revenue and EBIT in 2018 Double-digit growth rates in NAFTA region, Brazil and India Fixed-cost optimization of 1.4 billion euros to take first full effect on earnings in 2019 – measures for efficiency enhancement to continue as planned Daimler Trucks anticipates a slight increase in unit sales and aims for… Continue reading Daimler Trucks: record year 2018 with best-ever unit sales, revenue and earnings
Not time yet to discuss Nissan chairmanship, Renault’s Senard says
TOKYO (Reuters) – The new chairman of French automaker Renault on Thursday said it was not the time to discuss whether he would also take the helm of Nissan, as he arrived in Japan to reaffirm an alliance rocked by the arrest and ouster of former Chairman Carlos Ghosn. FILE PHOTO: Jean-Dominique Senard, Michelin Group… Continue reading Not time yet to discuss Nissan chairmanship, Renault’s Senard says
Nissan: Nissan breaks ground on advanced technology training center in Decherd, Tennessee
DECHERD, Tenn. – Nissan is breaking ground today on an advanced technology training center in Decherd, Tennessee. The new 21,000 square-foot facility — located at the existing Nissan powertrain assembly complex — will have the capacity to train 180 employees simultaneously in the areas of production, maintenance, engineering and management. “This new training center underpins… Continue reading Nissan: Nissan breaks ground on advanced technology training center in Decherd, Tennessee
Nissan: Nissan reports third-quarter results for fiscal year 2018
YOKOHAMA, Japan – Nissan Motor Co., Ltd. today announced financial results for the three-month period to Dec. 31, 2018. For the quarter, Nissan generated an operating profit of 103.3 billion yen on net revenues of 3.05 trillion yen, equivalent to an operating margin of 3.4%. Overall operations continued to improve in the third quarter, despite… Continue reading Nissan: Nissan reports third-quarter results for fiscal year 2018
Nissan takes $83m charge on Carlos Ghosn
Nissan has taken a 9.2bn yen ($83m; £64.5m) charge tied to compensation for former chairman Carlos Ghosn. The charge was reported in the firm’s first results since Mr Ghosn’s arrest for financial misconduct, and Nissan said it reflected additional expenses related to payments to its former boss. The carmaker also cut its full-year profit forecast… Continue reading Nissan takes $83m charge on Carlos Ghosn