Geely New Energy Commercial Vehicle did not disclose Farizon’s valuation in the statement. Chinese automaker Geely’s new energy vehicle subsidiary on Wednesday said its brand Farizon has raised over $300 million from a funding round led by Asian logistics firm Global Logistics Properties’ (GLP) investment arm Hidden Hill Capital. The new capital raise, which involves… Continue reading Chinese automaker Geely’s new energy brand Farizon raises over $300 mln
Tag: Volvo
Vietnamese EV maker VinFast receives $135 mln in green funding led by ADB
VinFast, which began operations in 2019 and stopped making combustion engine-driven cars in August, is targeting global electric vehicle sales of 750,000 per year by 2026. Vietnamese electric vehicle maker VinFast said on Monday it has received a $135 million financing package led by the Asian Development Bank (ADB), part of a push by the… Continue reading Vietnamese EV maker VinFast receives $135 mln in green funding led by ADB
Lotus Eletre to debut ECARX’s next-generation digital head unit
LONDON, Oct. 25, 2022 /PRNewswire/ — ECARX, a global mobility tech company, will debut its next-generation digital head unit (DHU) on the new Lotus Eletre Hyper-SUV. The platform includes ECARX’s first dual-chip system to enable server-level computing power for rapid processing, an immersive multi-screen user experience and capacity for continuous improvement over the lifetime of… Continue reading Lotus Eletre to debut ECARX’s next-generation digital head unit
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Oct 25 (Reuters) – U.S. companies borrowed 11% more in September to finance their equipment investments compared with a year earlier, industry body Equipment Leasing and Finance Association (ELFA) said on Tuesday, while raising doubts over the sustainability of this growth amid slowdown fears. The companies signed up for $10.2 billion in new loans, leases… Continue reading Untitled
U.S. autonomous vehicle group picks ex-Senate aide as director
U.S. lawmakers have been divided for years over how to amend current auto safety regulations to encompass self-driving cars, including the scope of consumer and legal protections. By David Shepardson A group representing self-driving car companies is appointing a former U.S. Senate aide as its new head as the industry works to convince U.S. policymakers… Continue reading U.S. autonomous vehicle group picks ex-Senate aide as director
Electric Vehicle Market is Probable to Influence the Value of USD 1566,378.14 Million, with Growing CAGR of 24.00% by 2029, Trends, Size, Share, Growth and Competitive Outlook
BERLIN, Oct. 25, 2022 /PRNewswire/ — A new business intelligence report released by Data Bridge Market Research, titled, “Electric Vehicle Market” The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. The Electric Vehicle market research report is a notable source of information to survey… Continue reading Electric Vehicle Market is Probable to Influence the Value of USD 1566,378.14 Million, with Growing CAGR of 24.00% by 2029, Trends, Size, Share, Growth and Competitive Outlook
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STOCKHOLM, Oct 25 (Reuters) – Swedish automaker Volvo Cars (VOLCARb.ST) will temporary close one of its factories due to a chip shortage, the company told newspaper Goteborgs-Posten on Tuesday. “There will be a temporary break in production,” Merhawit Habte, press spokesperson at Volvo Cars told GP, adding the factory will be closed for one week.… Continue reading Untitled
@Geely-Volvo: Your new Volvo EX90 gives you the info you need – when you need it
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Oct 25 (Reuters) – A group representing self-driving car companies is appointing a former U.S. Senate aide as its new head as the industry works to convince U.S. policymakers to speed the deployment of autonomous vehicles and jumpstart stalled legislation. The Autonomous Vehicle Industry Association (AVIA) has tapped Jeff Farrah as its first executive director,… Continue reading Untitled
Volvo Group spins out new company Fyrqom AB
Volvo Group, Qamcom Group and the inventor Roman Iustin form a new start-up company, Fyrqom AB. The new company will offer an automated system for calibration of the tire pressure monitoring system on heavy-duty vehicles. GOTEBORG, Sweden, Oct. 25, 2022 /PRNewswire/ — With a tire pressure monitoring system, the driver is informed if one of the… Continue reading Volvo Group spins out new company Fyrqom AB