China’s auto market recovers with stimulus policies

A view of the assembly shop of BAW’s Qingdao headquarters on May 13, 2022. [Photo/Xinhua] NANNING — After comparing different brands for more than a year, Yan Likang finally put down a deposit on an Audi car at an auto show in Nanning, capital of South China’s Guangxi Zhuang autonomous region, in June. The 36-year-old… Continue reading China’s auto market recovers with stimulus policies

Senmiao Technology Reports Fiscal 2022 Year-end Financial Results

CHENGDU, China, July 14, 2022 /PRNewswire/ — Senmiao Technology Limited (“Senmiao” or the “Company”) (Nasdaq: AIHS), a financing and servicing company focused on the online ride-hailing industry in China, as well as an operator of its own online ride-hailing platform, today announced financial results for the fiscal year ended March 31, 2022. Please note that… Continue reading Senmiao Technology Reports Fiscal 2022 Year-end Financial Results

@VW Group: 96 MEB cell modules reused: Volkswagen Sachsen couples fast-charging park with mega power bank005394

Today, at the Zwickau vehicle plant, Volkswagen commissioned the first fast-charging park in Saxony, which is supplied with energy largely from a so-called power storage container (PSC). The PSC is a type of enormous electricity storage unit and consists of 96 cell modules with a net capacity of 570 kWh. The advantage is that fast-charging… Continue reading @VW Group: 96 MEB cell modules reused: Volkswagen Sachsen couples fast-charging park with mega power bank005394

@Toyota: Toyota Celebrates Milestone 10th Anniversary with the City of San Diego Lifeguards

The San Diego County Toyota Dealers have equipped the city’s lifeguards with vehicles for rescue and operation use for the past decade, saving the city an estimated $3.5 million SAN DIEGO, Calif. (July 14, 2022) – The San Diego County Toyota Dealers Association (SDTDA) is kicking off the 2022 summer by celebrating the 10th anniversary… Continue reading @Toyota: Toyota Celebrates Milestone 10th Anniversary with the City of San Diego Lifeguards

Magenta Mobility to deploy EVs for Amazon India in Hyderabad

Integrated electric mobility and charging solutions firm Magenta Mobility on Thursday announced its collaboration with Amazon India to deploy electric vehicles fleet and charging facilities in Hyderabad. The tie-up, under which it will deploy electric three and four-wheelers for its delivery partners, marks the company’s formal entry into the Telangana capital, Magenta Mobility said in… Continue reading Magenta Mobility to deploy EVs for Amazon India in Hyderabad

VINFAST OPENS SIX VINFAST STORES IN CALIFORNIA, USA

VinFast stores will showcase and sell VinFast’s premium electric vehicles while allowing customers to directly experience the company’s high-end customer service. This is VinFast’s strategy to expand its network of locations to build personalized relationships with customers, ensuring convenience, peace of mind and reliability throughout the process of purchasing and owning their electric vehicles. The… Continue reading VINFAST OPENS SIX VINFAST STORES IN CALIFORNIA, USA

Moove Closes USD20M Funding Round

Moove, a Johannesburg, South-Africa-based mobility fintech company, raised USD20M in funding. The round was led by Absa Corporate and Investment Banking. The company intends to use the funds to strengthen its product offering, and create more jobs enhancing South Africa operations to strengthen its expanding vehicle financing offering to more customers. Launched in 2020 by… Continue reading Moove Closes USD20M Funding Round

New test tracks in Austria and the USA

A new test track is being built in Austria and a new test track is also being considered in the USA. Of course, autonomous driving must first be carried out in demarcated areas checked before going onto the public road. Such test areas can be found in many countries and more and more are being… Continue reading New test tracks in Austria and the USA

Exro Announces Partner Milestones, Technology and Company Updates Via Live Webcast

Exro CEO Sue Ozdemir hosts a live webcast to provide shareholders a view inside its manufacturing facility and a review of the first half of 2022. Exro shared a virtual tour of its state-of-the-art sustainable manufacturing facility in Calgary, Alberta, demonstrating progress towards establishing a resilient, localized supply chain in North America. Additional highlights from… Continue reading Exro Announces Partner Milestones, Technology and Company Updates Via Live Webcast

Alphabet’s Wing is working on larger drones that can handle heavier deliveries

Wing, the drone delivery company operated by Google parent Alphabet, unveiled a series of new prototype aircraft designed to handle a variety of payloads. The company said the new drones will share the same underlying components with the aircraft currently in use delivering pharmaceuticals and other small packages in the suburbs outside of Dallas-Fort Worth.… Continue reading Alphabet’s Wing is working on larger drones that can handle heavier deliveries