China’s Inceptio Technology, a startup developing self-driving trucks, said on Monday it has raised $120 million in its latest funding led by top Chinese electric vehicle battery maker CATL. The funding comes six months after a $100 million funding in April. Logistics firm GLP, Inceptio’s key strategic investor G7 and Nio Capital also invested in… Continue reading Chinese autonomous truck startup Inceptio raises $120m from CATL, others
Tag: VW
China Tech Digest: NIO’s Marcap Bigger Than Baidu’s; Li Auto Issues Recalls
NIO becomes becomes one of world’s top 10 car makers by marcap China’s new energy vehicle sector saw their US listed shares rose collectively. Among them, NIO closed at US$42.35, up 12.30%, and its market value reached US$57.688 billion, a record high. This market value also exceeds that of traditional car giants such as BMW,… Continue reading China Tech Digest: NIO’s Marcap Bigger Than Baidu’s; Li Auto Issues Recalls
TI Fluid Systems Supplies Volkswagen ID.3 and ID.4 Battery Electric Vehicles with Industry-First Thermal Technology
AUBURN HILLS, Michigan (November 5, 2020) — TI Fluid Systems (TIFS), a leading global supplier of automotive fluid systems technology, has started high volume production of new thermal products, assemblies and technology for the new Volkswagen ID.3 and ID.4 battery electric vehicles. The ID.3 is a compact hatchback and the first production model based on… Continue reading TI Fluid Systems Supplies Volkswagen ID.3 and ID.4 Battery Electric Vehicles with Industry-First Thermal Technology
German Handelsblatt: Handelsblatt Auto Summit: VW boss Diess: “In 2023 and 2024 we want to use the software like Tesla” 000722
Herbert Diess “We are very committed to batteries and continue to invest.” (Photo: dpa) Düsseldorf Volkswagen CEO Herbert Diess sees no alternative to the electric offensive that the Wolfsburg-based car company has launched this year. Only with these vehicles can the new EU climate targets be achieved. At the Handelsblatt Auto Summit 2020 this Friday,… Continue reading German Handelsblatt: Handelsblatt Auto Summit: VW boss Diess: “In 2023 and 2024 we want to use the software like Tesla” 000722
German Handelsblatt: Handelsblatt Auto Summit 2020: VW boss Diess promises rapid expansion of electromobility000721
Volkswagen on the way to becoming an electronics company VW CEO Herbert Diess sees no alternative. Volkswagen has to accelerate the electrification of its fleet again. (Photo: Reuters) Düsseldorf Volkswagen not only has to ensure the rapid expansion of electric mobility. At the same time, the Wolfsburg-based car company must also advance the digitization of… Continue reading German Handelsblatt: Handelsblatt Auto Summit 2020: VW boss Diess promises rapid expansion of electromobility000721
German Handelsblatt: Handelsblatt Auto Summit 2020: Daimler intends to increasingly develop vehicle software itself000720
Ola Källenius In addition to digitization, Källenius is fully committed to electric mobility. (Photo: dpa) Munich Daimler is changing. The Stuttgart-based carmaker is saving drastically, realigning its core business and cutting thousands of jobs in its combustion plants. Despite all the modifications, customers could still rely on the fact that all Mercedes vehicles would continue… Continue reading German Handelsblatt: Handelsblatt Auto Summit 2020: Daimler intends to increasingly develop vehicle software itself000720
Press release No. 27/2020 – Number 1 of the segments in the reporting month October 2020
Flensburg, November 6, 2020. There were three management changes in the reporting month of October 2020. In the upper-class segment, the Porsche Taycan, in the SUVs the VW T-Roc and in the utilities segment, the VW Transporter with the highest new registration rate. The models with the highest registrations of the previous month were shown… Continue reading Press release No. 27/2020 – Number 1 of the segments in the reporting month October 2020
@Hyundai: Hyundai Motor Group joins IONITY, Europe’s leading high-power charging network for electric vehicles
• Hyundai Motor Group is the latest shareholder to join IONITY, a joint venture that builds and operates a network of high-powered EV charging stations across Europe• Expanding the charging infrastructure is expected to reduce drivers’ concerns about range and to encourage more people to switch to electro-mobility• The charging network uses 100 percent renewable… Continue reading @Hyundai: Hyundai Motor Group joins IONITY, Europe’s leading high-power charging network for electric vehicles
VW CEO says existential electric race awaits after pandemic
Volkswagen AG Chief Executive Officer Herbert Diess vowed to pursue a sweeping transition to electric cars, declaring it a matter of survival even as the coronavirus risks upending business in the near term. While the world’s largest carmaker has a “healthy order bank,” its development in the coming months hinges on major economies controlling the… Continue reading VW CEO says existential electric race awaits after pandemic
VW braces for EU fine for missing CO2 emissions reduction target – Automotive News Europe
Volkswagen Group expects to be fined by the European Union this year for failing to achieve its CO2-reduction target for its new-car fleet — despite the automaker’s deal to pool emissions with Chinese-owned UK brand MG Motor. “We cannot provide a clear commitment at this point that we will achieve compliance. It will be a… Continue reading VW braces for EU fine for missing CO2 emissions reduction target – Automotive News Europe