Oct 27 (Reuters) – Swedish automaker Volvo Cars (VOLCARb.ST) said on Thursday that it would try to manage the macroeconomic headwinds and ongoing turbulence that continued to hit the company as it reported a fall in its third-quarter profits due to lower volumes. Stockholm-listed Volvo, majority owned by Chinese automotive company Geely Holding [RIC:RIC:GEELY.UL] said… Continue reading Untitled
Tag: Geely
European Electric Bus Market Analysis Report 2022-2027 – Efforts by Leading Authorities to Strengthen Public Transportation Systems to Influence Market Demand
DUBLIN, Oct. 26, 2022 /PRNewswire/ — The “Europe Electric Bus Market By Propulsion, By Battery Type, By Battery Capacity, By Range, By Seating Capacity, By Length, By Body Type, By Region, Competition Forecast & Opportunities, 2027” report has been added to ResearchAndMarkets.com’s offering. The Europe electric bus market is expected to grow at a steady rate… Continue reading European Electric Bus Market Analysis Report 2022-2027 – Efforts by Leading Authorities to Strengthen Public Transportation Systems to Influence Market Demand
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
Hidden Hill Capital leads $300m funding in Geely-owned NEV brand Farizon Auto
Farizon Auto, a commercial new energy vehicle (NEV) brand owned by Chinese multinational automaker Geely, announced on Wednesday that it has raised over $300 million in a Series Pre-A round led by GLP’s private equity arm Hidden Hill Capital. Hangzhou-based Farizon Auto, which was launched in 2016 by Geely’s commercial vehicle subsidiary Zhejiang Geely New… Continue reading Hidden Hill Capital leads $300m funding in Geely-owned NEV brand Farizon Auto
Chinese automaker Geely’s new energy brand Farizon raises over $300 mln
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
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
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