China’s top electric vehicle battery maker, said it aims to raise up to 20 billion yuan ($2.85 billion) in a private placement of shares to fund its battery projects and boost working capital. The fundraising will help CATL to expand its battery-making capacity in Fujian, Jiangsu and Sichuan, as well as an energy storage research project, the company said in a filing to the Shenzhen stock exchange late Wednesday. The company… Continue reading China’s CATL seeks to raise $2.85b for EV battery projects
Tag: VW
China’s CATL aims to raise $2.85 bln for EV battery projects
A sign of Chinese battery maker Contemporary Amperex Technology Ltd (CATL) is seen on its building in Ningde, Fujian province, China August 8, 2018. Picture taken August 8, 2018. REUTERS/Stringer BEIJING (Reuters) – CATL (300750.SZ), China’s top electric vehicle battery maker, said it aims to raise up to 20 billion yuan ($2.85 billion) in a… Continue reading China’s CATL aims to raise $2.85 bln for EV battery projects
Volkswagen Shows Off 1-Speed Gearbox For MEB-Based EVs
Volkswagen continues the presentation of its MEB platform’s components and after shortly describing the motor and battery, now here’s the single-speed gearbox. The gearboxes for MEB-based EVs, like the Volkswagen ID.3, will be produced by Volkswagen Group Components (in Kassel plant in Germany for the European and North American markets). First of all, the APP310… Continue reading Volkswagen Shows Off 1-Speed Gearbox For MEB-Based EVs
Driverless car startup Pony.ai raises $462 million at a $3 billion valuation – VentureBeat
In a sign that investors’ enthusiasm for driverless cars hasn’t dampened yet, Pony.ai today secured a whopping $462 million in fresh funding, $400 million of which came from Toyota. The capital infusion brings the Guangzhou- and Fremont, California-based startup’s total raised to about $800 million at a valuation north of $3 billion (up from $1… Continue reading Driverless car startup Pony.ai raises $462 million at a $3 billion valuation – VentureBeat
@VW Group: In brief: || The all-rounder – the 1-speed gearbox
The ID.3 from Volkswagen enters the new era of e-mobility – quietly but with full power. After all, the typical properties of the electric drive system change the way in which power is transmitted. The powerful APP310 e-drive unit transmits power to the driven wheels using an extremely compact gearbox. The ID.3’s single gear is… Continue reading @VW Group: In brief: || The all-rounder – the 1-speed gearbox
@VW Group: 26Feb Italdesign reopens Moncalieri facilities The company is ready for the Geneva International Motor Show
The company is ready for the Geneva International Motor Show Italdesign reopens its premises in Moncalieri today, February 26. “We’re glad to announce we are reopening our offices and plants in Moncalieri – CEO Jörg Astalosch said – The decision to close was a precaution, nevertheless our daily activity has been carried on by our… Continue reading @VW Group: 26Feb Italdesign reopens Moncalieri facilities The company is ready for the Geneva International Motor Show
@VW Group: ŠKODA: a tradition of Simply Clever solutions
Martin Soukup, Head of Strategic Product Planning at ŠKODA AUTO, explained, “Simply Clever features are important to our customers, which is why we select them according to special criteria. These solutions are needed by customers and should add real value for ŠKODA drivers. At the same time they must also be easy to use, work… Continue reading @VW Group: ŠKODA: a tradition of Simply Clever solutions
Electrify Canada To Provide 2 Years Free Charging For VW e-Golf Owners
Electrify Canada’s newest charging agreement signals its continued commitment to increase electric vehicle adoption and awareness Toronto, ON (February 26, 2020) – Electrify Canada today announced its latest step in advancing electric vehicle (EV) adoption with a new charging agreement with Volkswagen Canada. This agreement will provide 2020 VW e-Golf drivers with two years of… Continue reading Electrify Canada To Provide 2 Years Free Charging For VW e-Golf Owners
Ford’s incoming COO focuses on cost cuts, launches, change
DETROIT (Reuters) – Ford Motor Co’s (F.N) incoming chief operating officer will outline on Wednesday his priorities for the company’s turnaround, including cost cuts and more efficient new-vehicle launches in a year that includes the introduction of a redesigned F-150 full-sized pickup truck. FILE PHOTO: Ford Motor Co’s Jim Farley, speaks at the New York… Continue reading Ford’s incoming COO focuses on cost cuts, launches, change
GreenGo Expands Electric Carsharing Service to Prague
GreenGo’s vehicles can be accessed with a mobile app and are available in a 35-square-kilometer area of Prague’s city center. Photo via Moyan Brenn/Wikimedia. Hungarian-based GreenGo has expanded its electric carsharing service to Prague, according to a report by Hungary Today. The new Prague location will start operating with 100 all-electric Volkswagen e-Up! vehicles. Simon… Continue reading GreenGo Expands Electric Carsharing Service to Prague