Valmet Automotive is building its first battery factory in Germany. At the location in Kirchardt/Baden-Württemberg pre-series production of complete battery systems for electrically powered vehicles is scheduled to start in the first half of 2022. The new battery factory, which will be the company’s third, will create around 160 jobs. Within the past three years,… Continue reading Valmet Automotive builds battery factory in Germany
Tag: Contract Manufacturer
Exclusive: Foxconn and Vietnam’s VinFast explore partnership, talks focus on batteries, EV parts
By Reuters Staff 3 Min Read TAIPEI/HANOI (Reuters) – Vietnam’s largest conglomerate Vingroup said on Friday its car unit was in early stage talks with Taiwan’s Foxconn about working together and that any partnership formed would focus on developing batteries and electric car parts. Slideshow ( 2 images ) Foxconn has proposed acquiring EV production… Continue reading Exclusive: Foxconn and Vietnam’s VinFast explore partnership, talks focus on batteries, EV parts
Exclusive: Targeting Tesla, China’s Geely to launch new premium EV brand – sources
By Yilei Sun, Tony Munroe 3 Min Read BEIJING (Reuters) – China’s Geely plans to roll out electric vehicles under a new marque with different branding and sales strategies, people familiar with the matter said, as the Volvo owner looks to take on its main EV rival Tesla with higher-end vehicles. FILE PHOTO: A building… Continue reading Exclusive: Targeting Tesla, China’s Geely to launch new premium EV brand – sources
Magna annonce ses résultats et perspectives pour le quatrième trimestre 2020
Faits marquants du quatrième trimestre 2020Ventes de 10,6 milliards de dollars, soit une progression de 12 % par rapport à la production mondiale de véhicules légers en hausse de 4 %Bénéfice dilué par action de 2,45 dollars, contre 1,43 dollar au quatrième trimestre 2019Bénéfice dilué par action ajusté de 2,83 dollars, soit plus du double par rapport au quatrième trimestre 2019Trésorerie… Continue reading Magna annonce ses résultats et perspectives pour le quatrième trimestre 2020
Magna gibt Ergebnisse für das vierte Quartal 2020 und einen Ausblick für 2021 und 2023 bekannt
Highlights im vierten Quartal 2020Der Umsatz ist um 12 % auf 10,6 Milliarden USD gestiegen, im Vergleich dazu erhöhte sich die Produktion von leichten Nutzfahrzeugen um 4 %.Der verwässerte Gewinn je Aktie betrug 2,45 USD, im Vergleich zu 1,43 USD im vierten Quartal 2019.Der bereinigte verwässerte Gewinn je Aktie betrug 2,83 USD, mehr als doppelt so hoch… Continue reading Magna gibt Ergebnisse für das vierte Quartal 2020 und einen Ausblick für 2021 und 2023 bekannt
Magna Drives Pickup Truck Electrification With Its New eBeam Technology
Magna’s eBeam technology provides ability to retain pickup truck capability while transitioning to electrificationFirst significant change to solid beam rear axle in trucks in more than 100 yearsPower ranges can exceed 220 kWAURORA, Ontario, March 11, 2021 (GLOBE NEWSWIRE) — Magna continues to accelerate its powertrain electrification capabilities to help automakers achieve a zero-emission future.… Continue reading Magna Drives Pickup Truck Electrification With Its New eBeam Technology
Populus AI plots expansion with $5M in new funding
The wave of shared electric scooters that swept through cities several years ago helped Populus AI get its start. Now, surging demand for delivery — and the pressure it places on curb space — is helping the transportation data startup attract new capital and expand to more cities. Populus, a San Francisco-based startup founded in… Continue reading Populus AI plots expansion with $5M in new funding
Valmet introduces its climate program – Forward to a carbon neutral future
HELSINKI, Finland, March 10, 2021 /PRNewswire/ — Valmet introduces its climate program – Forward to a carbon neutral future – in the company’s Capital Markets Day on March 10, 2021. The program continues Valmet’s comprehensive work for sustainability. Valmet’s climate program includes ambitious CO₂ emission reduction targets and concrete actions for the whole value chain, including… Continue reading Valmet introduces its climate program – Forward to a carbon neutral future
Valmet Automotive starts recruitment of 1,000 more employees in Finland
Valmet Automotive starts today (Tuesday, March 9) a recruitment campaign for 1,000 production and salaried employees in Finland. New personnel will be recruited for the Uusikaupunki and Salo sites, and both for vehicle manufacturing and EV Systems business lines. The recruitment is driven by strong and rapid growth in demand for vehicles and battery systems. The… Continue reading Valmet Automotive starts recruitment of 1,000 more employees in Finland
Scrappy electric carmakers upend pecking order in auto industry
TOKYO — The accelerating trend to e-mobility will lead to a paradigm shift in the global car market that could radically change the landscape for the industry. Tesla has emerged as the early leader in the high-stakes electric vehicle race, topping the list of EV manufacturers. No Japanese manufacturer is among the top 10. Apple… Continue reading Scrappy electric carmakers upend pecking order in auto industry