AMSTERDAM – Stellantis N.V. today announced the plan to increase its shareholding in GAC-Stellantis from 50% to 75%. The announcement is a key element of Stellantis’ plan to set a new basis for its business in China. GAC Group and Stellantis have agreed to collaboratively complete the relevant formalities of the deal, which remains subject… Continue reading @Groupe PSA: PR Stellantis Plans to Take Majority Share in Joint Venture with GAC in China003173
Tag: Mobility
Renault, Nissan & Mitsubishi Motors announce common roadmap Alliance 2030: Best of 3 worlds for a new future
Renault, Nissan & Mitsubishi Motors announce common roadmapAlliance 2030: Best of 3 worlds for a new future The 2030 roadmap focuses on pure electric vehicles and connected mobility. Aims to enhance usage of common platforms to reach 80% in 2026. Mitsubishi Motors to reinforce presence in Europe with two new models based on Renault best-sellers.… Continue reading Renault, Nissan & Mitsubishi Motors announce common roadmap Alliance 2030: Best of 3 worlds for a new future
Hyundai Mobis invests in high-resolution radar startup to accelerate Level 4 or higher autonomous driving
Investing significant amount in Zendar to develop high-resolution ‘imaging radar.’ Achieving high performance radar comparable to Lidar, which can fulfill level 4 or higher-level driving automation. Enhancing future competitiveness by securing sensor technologies for cameras, radars and lidars. SEOUL, South Korea and LOS ANGELES, Jan. 27, 2022 /PRNewswire/ — Hyundai Mobis announced on the 27th that it… Continue reading Hyundai Mobis invests in high-resolution radar startup to accelerate Level 4 or higher autonomous driving
@Ford: Keep On Truckin’: 40 Millionth Ford F-Series for U.S. Customers Rolls Off The Line
About Ford Motor Company Ford Motor Company (NYSE: F) is a global company based in Dearborn, Michigan, that is committed to helping build a better world, where every person is free to move and pursue their dreams. The company’s Ford+ plan for growth and value creation combines existing strengths, new capabilities and always-on relationships with… Continue reading @Ford: Keep On Truckin’: 40 Millionth Ford F-Series for U.S. Customers Rolls Off The Line
Atlis Motor Vehicles Launches $10 Million Regulation A+ Offering To Public
MESA, Ariz., Jan. 27, 2022 /PRNewswire/ — Atlis Motor Vehicles (ATLIS), a startup mobility technology company, today announced the launch of a $10 million Regulation A offering pursuant to Section 401 of the Jumpstart Our Business Startups (JOBS) Act. This offering prices the company’s shares of common stock at $15.88 per share. Investors can immediately purchase… Continue reading Atlis Motor Vehicles Launches $10 Million Regulation A+ Offering To Public
Automotive industry endorsement for Zendar’s software-defined radar as Hyundai Mobis joins start-up’s Series B funding round
Investment from Hyundai Mobis, a leader in driver assistance and autonomous vehicle systems, validates the promise of Zendar’s unique high-resolution radar technology BERKELEY, Calif., Jan. 27, 2022 /PRNewswire/ — Zendar, a start-up developing innovative high-resolution automotive radar technology, today announced that Hyundai Mobis, in 2021 ranked the world’s 7th largest automotive Tier 1 supplier, is… Continue reading Automotive industry endorsement for Zendar’s software-defined radar as Hyundai Mobis joins start-up’s Series B funding round
Valmet Automotive strengthens significantly its financial resources
Valmet Automotive strengthens its working capital financing with a EUR 100 million loan granted by Finnvera, a specialized financing company owned by the State of Finland, and guaranteed by the European Investment Bank’s Pan-European Guarantee Fund. The credit demonstrates the financial sector’s confidence in Valmet Automotive’s business strategy and growth, and it supports the company’s development… Continue reading Valmet Automotive strengthens significantly its financial resources
@Renault: Renault, Nissan & Mitsubishi Motors announce common roadmap Alliance 2030: Best of 3 worlds for a new future000354
Renault, Nissan & Mitsubishi Motors announce common roadmapAlliance 2030: Best of 3 worlds for a new future The 2030 roadmap focuses on pure electric vehicles and connected mobility. Aims to enhance usage of common platforms to reach 80% in 2026. Mitsubishi Motors to reinforce presence in Europe with two new models based on Renault best-sellers.… Continue reading @Renault: Renault, Nissan & Mitsubishi Motors announce common roadmap Alliance 2030: Best of 3 worlds for a new future000354
Indian ride-hailing app Ola to open £100m electric car facility in Coventry
Indian ride-hailing app Ola to open £100m electric car facility in Coventry New boost to UK auto industry after tech giant and scooter maker invests in R&D plant to develop electric vehicles Ola claims to be the world’s third-largest ride-hailing app. It also makes an electric road-going scooter. Photograph: Manjunath Kiran/AFP/Getty Images Ola claims to… Continue reading Indian ride-hailing app Ola to open £100m electric car facility in Coventry
Musk’s bets on Tesla: no human drivers this year, robots next
Tesla CEO Elon Musk attends the Tesla Shanghai Gigafactory groundbreaking ceremony in Shanghai, China January 7, 2019. REUTERS/Aly Song/File Photo Register now for FREE unlimited access to Reuters.com Register Jan 27 (Reuters) – Tesla’s most important products this year and next will not be cars, CEO Elon Musk said on Wednesday, but software that drives… Continue reading Musk’s bets on Tesla: no human drivers this year, robots next