Volkswagen enters global battery business with PowerCo

Volkswagen, which is aggressively driving its e-mobility strategy, yesterday broke ground for its first cell factory in Salzgitter today in the presence of German Chancellor Olaf Scholz. Production will start in 2025. Responsibility for global battery business is to be held by the newly created company ‘PowerCo’. In addition to cell production, the new company… Continue reading Volkswagen enters global battery business with PowerCo

Ford, VW-backed Argo AI lays off 150 workers, slows hiring

Argo AI, the autonomous vehicle technology startup backed by Ford and Volkswagen, has laid off about 150 people and slowed the pace of hiring, making it the latest tech company to reduce its workforce as recession fears grow. The layoffs account for about 5% of its more than 2,000 global workforce, according to sources familiar… Continue reading Ford, VW-backed Argo AI lays off 150 workers, slows hiring

Volkswagen Places Europcar at Center of New Mobility Strategy

Europcar is to become a cornerstone of Volkswagen’s mobility offering following closure of the transaction to buy the mobility company. Photo: Volkswagen AG Following the closure of its Europcar transaction with consortium partners Attestor and Pon Holdings, Volkswagen is moving quickly to center Europcar as the kingpin of mobility provision, forming part of its NEW… Continue reading Volkswagen Places Europcar at Center of New Mobility Strategy

Mercedes-Benz CEO rules out possibility of Chinese blocking minority -Handelsblatt – Euronews

BERLIN – Mercedes-Benz CEO Ola Kaellenius ruled out the possibility that two major Chinese shareholders could increase their stakes and create a blocking minority, in an interview with German daily Handelsblatt on Wednesday. “That is not the case. We have very good and strong relations with our investors,” Kaellenius told the daily. The two shareholders,… Continue reading Mercedes-Benz CEO rules out possibility of Chinese blocking minority -Handelsblatt – Euronews

SINBON Electronics becomes the latest contributing member to the Swappable Batteries Motorcycle Consortium (SBMC)

TAIPEI, July 8, 2022 /PRNewswire/ — SINBON Group (TWSE: 3023), an innovative designer and manufacturer of interconnect products for e-mobility and automotive market, joins the Swappable Batteries Motorcycle Consortium (SBMC) founded by Honda Motor, KTM F&E, Piaggio Group and Yamaha Motor to accelerate the deployment of Swappable Batteries to L-Vehicles as a conscious effort to… Continue reading SINBON Electronics becomes the latest contributing member to the Swappable Batteries Motorcycle Consortium (SBMC)

SINBON Electronics wird das neueste Mitglied des Swappable Batteries Motorcycle Consortium (SBMC)

TAIPEH, 8. Juli 2022 /PRNewswire/ — Die SINBON Group (TWSE: 3023), ein innovativer Entwickler und Hersteller von Verbindungsprodukten für die E-Mobilität und den Automobilmarkt, tritt dem Swappable Batteries Motorcycle Consortium (SBMC) bei, das von Honda Motor, KTM F&E, Piaggio Group und Yamaha Motor gegründet wurde, um die Einführung von austauschbaren Batterien in L-Fahrzeugen zu beschleunigen… Continue reading SINBON Electronics wird das neueste Mitglied des Swappable Batteries Motorcycle Consortium (SBMC)

Indonesian Economist Stated that Telkomsel’s Corporate Action to Gojek is Necessary to Stay Competitive in Global Field

JAKARTA, Indonesia, July 8, 2022 /PRNewswire/ — Recently, there’s been a lot of discussion regarding Telkomsel’s investment in Indonesia’s ride-hailing decacorn Gojek (now GoTo). It’s interesting to see this from an economic and investment perspective, as the global telecommunication sector is facing many challenges with voice and message revenue continuing to decline. On the other… Continue reading Indonesian Economist Stated that Telkomsel’s Corporate Action to Gojek is Necessary to Stay Competitive in Global Field

Clean Technica: Impressions Of The Tesla Model Y With 4680 Battery Cells002095

When Tesla unveiled its 4680 battery cells at the Battery Day event in 2020, the company announced a new, tab-less 4680 cell form factor which would increase energy density, maintain similar thermal characteristics of smaller cells, improve the power-to-weight ratio, streamline manufacturing, and lower cost. At the Giga Texas opening ceremony, Tesla did not share… Continue reading Clean Technica: Impressions Of The Tesla Model Y With 4680 Battery Cells002095

Elon Musk Rivals Snatch Up Laid-off Tesla Employees

“If the Emperor of Mars doesn’t want you…” Gold Rush One billionaire’s “super bad feeling” about the global economy is another billionaire’s hiring spree. In the wake of Tesla’s latest round of widespread layoffs, several big tech companies — including both Microsoft and Amazon, led respectively by vocal Tesla CEO Elon Musk nemeses Bill Gates… Continue reading Elon Musk Rivals Snatch Up Laid-off Tesla Employees

@FCA: Free2move features cool options for the hot rental car market!

Free2move features cool options for the hot rental car market! Free2move offers vehicles for get aways across the U.S.A. and Europe July 7, 2022 , Paris – Free2move, driven to create innovative mobility solutions that simplify vehicle access, is moving into the vacation season with cool options for the hot rental car market! Through the easy-to-use… Continue reading @FCA: Free2move features cool options for the hot rental car market!