Wuhan-based automotive chip maker SiEngine Technology announced on Tuesday that the firm completed a 500 million yuan ($72.5 million) Series A+ round in Q4 2022. The round, participated by Teda Venture Capital, Haier Capital, SPDB International Holdings, Wuhan S&T Investment Company, and Tongxi Capital, will be used for product iteration, R&D, as well as scaling… Continue reading Chinese auto chip maker SiEngine raises $72m in extended Series A roundSequoia Capital China led the firm’s $148.2m Series A funding round in July 202…
Tag: Geely
Map makers hold the key to autonomous vehicles
One of the most intriguing automotive announcements at this January’s Consumer Electronics Show (CES) lacked any of the usual fanfare, instead being buried in a Volvo/Polestar press release: Google is getting into the high-definition maps business with a new company called Geo Automotive. A single quote from the division head, Jorgen Behrens, summed up in the release… Continue reading Map makers hold the key to autonomous vehicles
U.S. Construction Equipment Rental Market is Expected to Grow by $54.17 Billion by 2029 From $39.2 Billion in 2022; Industry Insights, Trends & Competitive Analysis – Arizton
U.S. Construction Equipment Rental Market to reach $54.17 Billion by 2029. The analysts at Arizton are closely monitoring the market and are forecasting growth at a CAGR of 4.73% from 2022-2029 CHICAGO, Feb. 28, 2023 /PRNewswire/ — The integration of advanced technology in the rental fleet to support the U.S. goal of net-zero emission by… Continue reading U.S. Construction Equipment Rental Market is Expected to Grow by $54.17 Billion by 2029 From $39.2 Billion in 2022; Industry Insights, Trends & Competitive Analysis – Arizton
Autonomous vehicles market size to grow by USD 319.41 billion between 2022 and 2027;Historic market size valued at USD 17.22 bn from 2017 to 2021- Technavio
NEW YORK, Feb. 28, 2023 /PRNewswire/ — The global autonomous vehicles market will witness an incremental growth of USD 319.41 billion between 2022 and 2027, accelerating at a CAGR of 38.45% during the forecast period. COVID-19 had the most negative impact on the global automotive industry in recent years, resulting in a steep fall in demand… Continue reading Autonomous vehicles market size to grow by USD 319.41 billion between 2022 and 2027;Historic market size valued at USD 17.22 bn from 2017 to 2021- Technavio
February retails in CVs and PVs to moderate m-o-m, 2Ws to gain from urban uptick
Despite a sustained positive demand across segments in February, as per analysts, auto retails are expected to witness a moderate drop in customer inquiries sequentially, especially in the passenger vehicles (PV) and commercial vehicles (CV) segments. According to a Motilal Oswal report, there has been an 8-10 percent drop in the enquiries across PV OEMs,… Continue reading February retails in CVs and PVs to moderate m-o-m, 2Ws to gain from urban uptick
February retails in CVs and PVs to moderate m-o-m, 2Ws to gain from urban uptick
Despite a sustained positive demand across segments in February, as per analysts, auto retails are expected to witness a moderate drop in customer inquiries sequentially, especially in the passenger vehicles (PV) and commercial vehicles (CV) segments. According to a Motilal Oswal report, there has been an 8-10 percent drop in the enquiries across PV OEMs,… Continue reading February retails in CVs and PVs to moderate m-o-m, 2Ws to gain from urban uptick
Chinese cars, phones gain ground in Russia’s sanctions-hit economy
Western sanctions imposed on Russia during the Ukraine war have created an opening for Chinese-made autos and electronics to expand their market share in the country. The Chinese groups Chery Automobile, Great Wall Motor and Geely Automobile captured a combined 16.5% of sales of new passenger cars and small commercial vehicles in Russia for 2022, up from 6.3%… Continue reading Chinese cars, phones gain ground in Russia’s sanctions-hit economy
Ford to shrink European retail network in agency shift
Ford will adopt the agency retail model across Europe over the coming years, beginning with a trial in the Netherlands in March. The American brand is embarking on a ground-up overhaul of its European business operations as it electrifies its product line-up. The unveiling of a US-influenced but Europe-focused electric crossover in the coming weeks –… Continue reading Ford to shrink European retail network in agency shift
@Geely: Tue 28 Feb 2023Lotus Emira named Best Performance Car at ‘UK Car Of The Year’ Awards 1 | 1 | 0 The Lotus Emira has been named Best Pe…
Emira praised for high level of interior quality, dynamic performance and value for money Judges drawn from across the automotive media landscape Emira now goes forward for the overall UK Car of the Year title Hethel, UK – 28 February 2023 The Lotus Emira has been named Best Performance Car at the ‘UK Car of… Continue reading @Geely: Tue 28 Feb 2023Lotus Emira named Best Performance Car at ‘UK Car Of The Year’ Awards 1 | 1 | 0 The Lotus Emira has been named Best Pe…
Volvo Cars to open new software development facility in Poland
Volvo Cars is to open a brand-new Tech Hub in Krakow, Poland’s second-largest city. The facility will be a key software development centre and play a crucial role in Volvo’s strategic ambition to be a fully electric brand by 2030 and a leader in new technology, not least through in-house software development. The Tech hub… Continue reading Volvo Cars to open new software development facility in Poland