Xiaomi has invested in auto electronics maker Atech Automotive, in the Chinese smartphone maker’s latest bet on the country’s auto industry after venturing into electric vehicle (EV) production last year. Atech Automotive, a nearly-two-decade-old Chinese manufacturer of auto electronics used in intelligent and autonomous driving vehicles, announced on Tuesday the completion of its Series C… Continue reading Xiaomi backs Chinese auto electronics maker Atech’s $69m Series C roundThe deal marks Xiaomi’s latest investment in the auto sector.
Tag: Geely
@Geely: Kandi Technologies Reports Third Quarter 2022 Financial Results
– Steady Growth in Off-road Vehicles – Revenue growth drove significantly narrowed loss JINHUA, China, Nov. 08, 2022 (GLOBE NEWSWIRE) — Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”) (NASDAQ GS: KNDI), today announced its financial results for the third quarter of 2022. Third Quarter Highlights Total revenues of $33.7 million compared to $16.8… Continue reading @Geely: Kandi Technologies Reports Third Quarter 2022 Financial Results
@Geely: Kandi Technologies Reports Third Quarter 2022 Financial Results
– Steady Growth in Off-road Vehicles Go to Source
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PARIS, Nov 8 (Reuters) – French carmaker Renault on Tuesday announced a big overhaul to split its operations into five businesses, deepen ties with China’s Geely and list its electric vehicle unit on the market from next year. Here are the main planks and financial targets unveiled in a strategy presentation to investors. FIVE BUSINESSES:… Continue reading Untitled
@Geely-Volvo: Volvo Cars executes on its strategic ambitions – divests its holding in Aurobay to Geely Holding
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PARIS, Nov 8(Reuters) – French car maker Renault (RENA.PA) said it aimed for an 8% operating margin by 2025 thanks to a plan to split its combustion engine activities from its electric vehicle business, though such a plan still needs the go-ahead from its alliance partner Nissan (7201.T). Renault, ahead of a long-waited investor presentation… Continue reading Untitled
Renault and Geely to set up new global company for next-gen powertrains
Geely Holding Group (Geely Holding), Geely Automobile Holdings and the Renault Group have signed a non-binding framework agreement to create a new global leader to develop, manufacture and supply best-in-class hybrid powertrains and highly efficient internal combustion powertrains (ICE). On completion, the new company will be a standalone global supplier of complete ICE solutions, producing next-generation hybrid propulsion systems and… Continue reading Renault and Geely to set up new global company for next-gen powertrains
Volvo Cars divests its stake in engine maker Aurobay to Geely
Volvo Cars, which is aiming to go fully electric by 2030, has divested its 33 percent holding in Aurobay to Geely Holding. Aurobay, which develops and produces powertrain solutions for a global market, is a global supplier of propulsion technology, development services and contract manufacturing with manufacturing capabilities in two continents. It produces high-efficiency,… Continue reading Volvo Cars divests its stake in engine maker Aurobay to Geely
Clean Technica: UK BEV Volume Up YoY Despite Tesla Mid-Quarter Restocking002362
The UK auto market saw plugin electric vehicles take 21.5% share in October, with growing year on year volumes. Despite volume gain, YoY plugin share saw a slight dip (from 23.1%), against greater YoY gains in overall auto volume, up 26% to 134,344 units (from a record low baseline). October market volume was still at… Continue reading Clean Technica: UK BEV Volume Up YoY Despite Tesla Mid-Quarter Restocking002362
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BEIJING, Nov 8 (Reuters) – Renault SA (RENA.PA) and China’s Geely have agreed to launch a new, equally held joint-venture that will supply gasoline engines and hybrid technology to the brands they own and other automakers, the two companies said in a statement. The joint-venture will employ 19,000 people at 17 powertrain factories and three… Continue reading Gallery