The Volkswagen Group and Salzgitter AG have enjoyed a close partnership for over 60 years. Now both want to open the next chapter together in the decarbonisation of their processes and products. The companies are today announcing a Memorandum of Understanding under which Volkswagen will become one of the first customers for the low-CO2 steel… Continue reading @VW Group: Volkswagen Group and Salzgitter AG sign Memorandum of Understanding on supply of low-CO2 steel from the end of 2025004772
Tag: Mobility
To our fellow San Franciscans
Our mission at Waymo is to make it safer and easier for people and things to get where they’re going. It’s in our name, which originated from the belief that there must be a better way forward in mobility. Here in San Francisco, we are privileged to share the road with everyone who makes up… Continue reading To our fellow San Franciscans
Ola Electric makes strategic investment in StoreDot, an Israeli company with extreme fast charging technology
BENGALURU, India, March 21, 2022 /PRNewswire/ — Ola Electric, India’s leading manufacturer of EVs, has invested in an Israeli battery technology company StoreDot, a pioneer in batteries with extreme fast charging (XFC) technology. The investment in StoreDot is the first of several global strategic investments planned by Ola Electric as it looks to ramp up… Continue reading Ola Electric makes strategic investment in StoreDot, an Israeli company with extreme fast charging technology
TuSimple Statement Regarding Exploratory Process for Asia-Pacific Businesses
SAN DIEGO, March 21, 2022 /PRNewswire/ — TuSimple (Nasdaq: TSP), a global autonomous driving technology company, announced today that its Board of Directors, with full support from its management team, intends to explore certain transactions at a subsidiary level for its Asia-Pacific-focused businesses. The Board believes that such a transaction can highlight value in the… Continue reading TuSimple Statement Regarding Exploratory Process for Asia-Pacific Businesses
Tenneco Named a 2021 Supplier of the Year by General Motors
LAKE FOREST, Ill., March 21, 2022 /PRNewswire/ — For the fifth consecutive year, Tenneco (NYSE: TEN) was recognized as a Supplier of the Year by General Motors. As the global automaker celebrated honorees last week at its 30th annual Supplier of the Year awards ceremony in Phoenix, Arizona, Tenneco’s Powertrain Business Group accepted the award… Continue reading Tenneco Named a 2021 Supplier of the Year by General Motors
@Daimler: Engineering desire: How Mercedes-Benz is shaping the future of luxury and efficiency
Insights into key innovations that will define software-driven cars Stuttgart/Los Angeles. Digital and sustainable innovations will be the number-one USP driving desire in the future of luxurious individual mobility. Customers are increasingly viewing luxury through the lens of values and benefits that extend beyond physical experiences. They are seeking priceless commodities such as time and… Continue reading @Daimler: Engineering desire: How Mercedes-Benz is shaping the future of luxury and efficiency
China’s NIO Capital closes oversubscribed USD Fund II at $400m …
NIO Capital, an investment firm founded by Chinese electric vehicle (EV) maker NIO, announced on Monday that it reached the final closing of a flagship fund at about $400 million to step up investments in energy, automobiles, and deep technology industries. The new fund, named “Eve ONE Fund II,” received capital commitments from a diversified… Continue reading China’s NIO Capital closes oversubscribed USD Fund II at $400m …
@Daimler: Mercedes-Benz EV ramp-up: new battery plant sets stage for EQS SUV production in the U.S.
New battery production plant in Bibb County as Mercedes-Benz prepares to go all electric Up to 600 jobs created at the Mercedes-Benz battery plant New partnership with battery specialist Envision AESC to establish cell factory in the U.S. Reveal of new luxury EQS SUV interior, preparations for production ramp-up in Tuscaloosa underway Highly flexible and… Continue reading @Daimler: Mercedes-Benz EV ramp-up: new battery plant sets stage for EQS SUV production in the U.S.
The Station: GM deepens it stake in Cruise and Porsche plots out its EV course
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. (Folks, a technical snafu meant the weekly newsletter wasn’t emailed to subscribers this Sunday, so we’re posting this now. We regret the error.) Hello readers: Welcome to The… Continue reading The Station: GM deepens it stake in Cruise and Porsche plots out its EV course
@GM: GM Announces Additional Investment in Cruise March 18, 2022
DETROIT — Today, General Motors Co. (NYSE: GM) announced it is acquiring SoftBank Vision Fund 1’s equity ownership stake in Cruise for $2.1 billion and separately will make an additional $1.35 billion investment in Cruise, replacing a previous commitment made by the fund in 2018. Since GM acquired a majority ownership stake in 2016, Cruise… Continue reading @GM: GM Announces Additional Investment in Cruise March 18, 2022