Tag: Volvo

Prologue, Honda’s first electric SUV, is coming to market in 2024

Honda said Monday it will sell its first electric SUV in North America in early 2024, part of the automaker’s push to shift away from gas-powered vehicles before the middle of the decade. The new car’s name, Prologue, is meant to signify the beginning of what the company called its “new electrified era.” Prologue is… Continue reading Prologue, Honda’s first electric SUV, is coming to market in 2024

German Manager Magazin: Volkswagen: Planned for combustion engines in Europe by 2035000900

The automaker Volkswagen wants to gradually get out of the business with combustion cars. “In Europe, we will exit the combustion vehicle business between 2033 and 2035, into the United States and China a little later, “said VW sales director Klaus Zellmer the” Münchner Merkur “(Saturday edition).” In South America and Africa, due to the… Continue reading German Manager Magazin: Volkswagen: Planned for combustion engines in Europe by 2035000900

Chinese automaker Geely Auto scraps plans to list on STAR Market …

China’s Geely Automobile Holdings Ltd said on Friday it is dropping plans to list new shares on the mainland’s Nasdaq-like STAR Market. Zhejiang-based Geely Auto, China’s highest-profile automaker thanks to parent Zhejiang Geely Holding Group’s investments in Daimler AG and Volvo Cars, is listed in Hong Kong with a market capitalisation of HK$255 billion ($32.85 billion). In September, Geely Auto said in a… Continue reading Chinese automaker Geely Auto scraps plans to list on STAR Market …

Northvolt, founded by a former Tesla exec, is Europe’s $11.75 billion battery hope. It has a public listing in its sights.

The Swedish startup Northvolt announced Monday it had raised an additional $2.75 billion. The electric-vehicle-battery maker counts Volkswagen, Goldman, and Spotify’s CEO among its backers. CEO Peter Carlsson said the company will eventually need to draw on funds from public markets. See more stories on Insider’s business page. A Swedish startup that is building one… Continue reading Northvolt, founded by a former Tesla exec, is Europe’s $11.75 billion battery hope. It has a public listing in its sights.

Lidar company Quanergy to go public via $1.4B SPAC deal

Quanergy Systems, the Sunnyvale, California-based lidar company, said Tuesday it has agreed to merge with special purpose acquisition fund CITIC Capital Acquisition Corp., a Chinese blank-check firm affiliated with the country’s largest state-owned investment conglomerate. The deal, which puts an implied valuation on Quanergy at $1.4 billion, is expected to close in the second half… Continue reading Lidar company Quanergy to go public via $1.4B SPAC deal

Volvo Car Group and Northvolt to set up JV, plan gigafactory in Europe

Volvo Car Group plans to set up a joint venture with Swedish battery company Northvolt to develop and produce more sustainable batteries, tailored to power the next generation of pure electric Volvo and Polestar cars. As a first step for the 50/50 JV, Volvo Car Group and Northvolt aim to set up a research and… Continue reading Volvo Car Group and Northvolt to set up JV, plan gigafactory in Europe

Volvo Cars and Northvolt join forces to build battery gigafactory

Northvolt’s order book continues to grow. Weeks after registering $ 14 billion in orders from Volkswagen , one of its major shareholders, the young Swedish battery company for electric cars has announced that it has signed an agreement with Volvo Cars to build a new 50 gigawatt hour gigafactory in Europe. This giant plant, capable… Continue reading Volvo Cars and Northvolt join forces to build battery gigafactory