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
Tag: Mobility
Electric Vehicle Industry Gains Momentum as New Players Enter the EV Manufacturing Space
PALM BEACH, Fla., Oct. 26, 2022 /PRNewswire/ — FinancialNewsMedia.com News Commentary: As the Electric Vehicle (EV) market grows over the coming years, NOW is the time for new entrants to enter into the manufacturing sector… new business opportunities that evolve as e-mobility grows. The automotive industry comprises a wide range of companies and organizations involved in… Continue reading Electric Vehicle Industry Gains Momentum as New Players Enter the EV Manufacturing Space
Georgica Auto Holdings welcomes Franchise Equity Partners as minority shareholder
Georgica Auto Holdings operates 23 automotive retail franchises across NY, NJ, and PA Franchise Equity Partners makes $70 million capital investment in Georgica Auto Holdings Agreement gives Georgica Auto Holdings access to FEP’s deep automotive and financial expertise Capital investment supports Georgica Auto Holdings strategic growth plan NEW YORK, Oct. 26, 2022 /PRNewswire/ — Georgica… Continue reading Georgica Auto Holdings welcomes Franchise Equity Partners as minority shareholder
U.S. Air Force (USAF) Awards Phase II Contract to Social Mobile to Build Next Generation 5G Mobile Solution
Social Mobile to Develop a Ruggedized Handheld Device Purpose-Built to Support an Array of Military Operations MIAMI, Oct. 26, 2022 /PRNewswire/ — Social Mobile announces it has been selected by AFWERX for a SBIR Phase II contract focused on a 5G mobile solution to investigate its potential to fill capability gaps in the Department of… Continue reading U.S. Air Force (USAF) Awards Phase II Contract to Social Mobile to Build Next Generation 5G Mobile Solution
Hero MotoCorp plans assembly operations in the Philippines
Hero MotoCorp, the world’s largest motorised two-wheeler manufacturer, has announced plans to commence operations in the Philippines in association with Terrafirma Motors Corporation (TMC), a part of the Columbian Group of Companies, which is among the leading automotive groups in the Philippines and also represents brands like BMW, Kia, Mazda, Range Rover, Peugeot and Mahindra. As… Continue reading Hero MotoCorp plans assembly operations in the Philippines
Ford Fiesta axed from line-up
It has been confirmed that the Ford Fiesta supermini will be axed from Ford‘s line-up, with production of the brand’s compact hatchback scheduled to end in June 2023. In an official statement Ford of Europe President Martin Sander said: “At Ford in Europe, we are accelerating our efforts to go all-in on electrification with our… Continue reading Ford Fiesta axed from line-up
Magna’s 48-Volt Hybrid Transmission System Started Production With Stellantis
Magna’s 48-Volt hybrid dual-clutch transmission made its debut on the Jeep Renegade and Compass e-Hybrid, Fiat 500 X and Tipo Production taking place in Magna’s Slovakia facility Agreement includes additional hybrid models in the future for Europe AURORA, Ontario, Oct. 26, 2022 (GLOBE NEWSWIRE) — Magna’s 48-Volt hybrid transmission hit the market on the Jeep… Continue reading Magna’s 48-Volt Hybrid Transmission System Started Production With Stellantis
German Handelsblatt: Auto industry: Mercedes doubles profit and increases its forecast again005478
Krieg, Inflation, Zinswende: Über der gesamten europäischen Industrie hat sich ein „perfekter Sturm“ zusammengebraut, bekundete Mercedes-Chef Ola Källenius erst vor wenigen Tagen. Der Manager beobachtet eine nie da gewesene „Makronervosität“. Sein Unternehmen spürt davon im Tagesgeschäft jedoch bis dato nahezu nichts. Im Gegenteil: Der Stuttgarter Autobauer verdient trotz der vielen Krisen weiterhin prächtig.Im dritten Quartal… Continue reading German Handelsblatt: Auto industry: Mercedes doubles profit and increases its forecast again005478
Innoviz and Kudan Announce Partnership for LiDAR-Based Geospatial Mapping Solution Across Various Industries and Use-Cases
TEL AVIV, Israel and TOKYO, Oct. 26, 2022 /PRNewswire/ — Innoviz Technologies (Nasdaq: INVZ) (the “Company” or “Innoviz”), a technology leader of high-performance, automotive-grade LiDAR sensors and perception software, today announced its partnership with Kudan (Tokyo Stock Exchange securities code: 4425, hereafter “Kudan”). Kudan’s perception software allows machines to generate 3D maps of surrounding environments… Continue reading Innoviz and Kudan Announce Partnership for LiDAR-Based Geospatial Mapping Solution Across Various Industries and Use-Cases
Electrify Expo Launches ‘Show Off’ and ‘Speed Shop’ Highlighting EV Customization Culture
Hundreds of EV Enthusiasts to “Show Off” their Unique, Customized Electric Vehicles Experience a live two-day customization of an EV, from stock to customized Electrify Expo Austin at COTA, November 12 & 13 Nearly Sold Out AUSTIN, Texas, Oct. 26, 2022 /PRNewswire/ — Electrify Expo, North America’s largest electric-vehicle festival, closes out its 2022 U.S.… Continue reading Electrify Expo Launches ‘Show Off’ and ‘Speed Shop’ Highlighting EV Customization Culture