Tag: Mobility

Valeo launches its Move Up plan, a value creation strategy built on the sustainable mobility megatrends

Outperformance for original equipment sales of more than 5 percentage points per year on average over the 2021-2025 period EBITDA margin of around 14.5% by 2025 Free cash flow generation of between 800 million and one billion euros in 2025 Divestiture of 500 million euros’ worth of non-strategic assets over the term of the plan Optimized… Continue reading Valeo launches its Move Up plan, a value creation strategy built on the sustainable mobility megatrends

Singapore-based micromobility startup Beam secures $93M Series B, enters new markets

Beam, a Singaporean shared micromobility operator, announced today that it has raised $93 million in a Series B round to accelerate growth into new countries in Asia. The fresh capital, which brings its total funding raised to $135 million, was led by Affirma Capital, with participation from Sequoia Capital India, Hana Ventures, ICT Capital, EDB… Continue reading Singapore-based micromobility startup Beam secures $93M Series B, enters new markets

Rivian ‘making progress’ on production ramp-up, sets market share goal

Rivian shares closed up 10.7%. By Ben Klayman DETROIT: Rivian Automotive is “making progress” in the increase of production of electric vehicles at its Normal, Illinois, assembly plant and is aiming to take 10% share in the EV market by 2030, Chief Executive R.J. Scaringe said on Thursday. “We’re absolutely making progress,” he said during… Continue reading Rivian ‘making progress’ on production ramp-up, sets market share goal

Automated driving: acquisition gives boost to Bosch engineering work on SAE Level 4 solutions

Mobility Solutions is the largest Bosch Group business sector. According to preliminary figures, it generated sales of 45.4 billion euros in 2021, and thus contributed 58 percent of total sales from operations. This makes the Bosch Group one of the leading automotive suppliers. The Mobility Solutions business sector pursues a vision of mobility that is… Continue reading Automated driving: acquisition gives boost to Bosch engineering work on SAE Level 4 solutions

Ford CEO calls out NIO and Tesla as the competition ‘it must beat,’ denies rumors of splitting ICE and EVs into separate businesses

Ford’s Chief Executive Officer, Jim Farley, recently spoke during a virtual auto tech conference held by Wolfe Research, in which he spoke about Ford’s plans for the future. During the webcast, the Ford CEO specifically named Tesla and NIO as its biggest competitors, vowing to beat them. He also denied previously reported rumors about Ford’s… Continue reading Ford CEO calls out NIO and Tesla as the competition ‘it must beat,’ denies rumors of splitting ICE and EVs into separate businesses

@VW Group: Volkswagen to start review of Porsche AG IPO004678

Wolfsburg, February 24, 2022 – Volkswagen AG today announced that it will conduct an assessment on the feasibility of a potential initial public offering of Dr. Ing. h.c. F. Porsche AG. The Management Board and the Supervisory Board of Volkswagen concluded a framework agreement reflecting the respective discussions between Volkswagen AG and Porsche Automobil Holding… Continue reading @VW Group: Volkswagen to start review of Porsche AG IPO004678

Envoy Technologies launches first electric car share in Hawaii

HONOLULU, Feb. 24, 2022 /PRNewswire/ — Envoy Technologies announced the launch of its first electric car share in Hawaii in partnership with Kowa American powered by the Envoy Mobility app. The Nissan Leaf will be available to residents at Halekauwila Place Apartments located in Kaka’ako, a vibrant urban island community in Honolulu. Envoy’s Mobility as… Continue reading Envoy Technologies launches first electric car share in Hawaii

GAC MOTOR in the Middle East | Upgraded Services and Higher Configurations Products

The IDCC project is a comprehensive framework for managing leads, ensuring easy and prompt storage of personal information and personalized service. It dramatically improves customer experience, with the dual positive effect of building a good brand image and generating more sales. With the careful management of the Mutawa Alkazi company, the IDCC program is helping… Continue reading GAC MOTOR in the Middle East | Upgraded Services and Higher Configurations Products

Hyundai Mobis breaks new record in global lamp orders last year

On 24th, Hyundai Mobis announced that it has logged over KRW 1 trillion (approx. USD 830 million) worth of orders from global automakers just in the automotive lighting sector, which has been driven by diversifying the customer base in the global market, including customers such as a European automaker and new EV makers. Last year,… Continue reading Hyundai Mobis breaks new record in global lamp orders last year