Southeast Asian ride-hailing and food delivery giant Grab said on Thursday it has raised more than $300 million from investors led by South Korea’s Hanwha Asset Management Co. Ltd for its fast-growing financial services business. It is the first external funding for Grab’s fintech business, which has chalked out ambitious plans in insurance, lending, wealth… Continue reading South Korea’s Hanwha leads $300m round in Grab’s financial services arm
Tag: Mobility
Foxconn, Geely team up to build electric, autonomous and shared vehicles for automakers
The electric, autonomous vehicles of the future might be manufactured by Apple’s main supplier Foxconn and Chinese automaker Zhejiang Geely Holding Group. The two companies have agreed to form a joint venture focused on contract manufacturing for automakers, with a specific focus on electrification, connectivity and autonomous driving technology as well as vehicles designed for… Continue reading Foxconn, Geely team up to build electric, autonomous and shared vehicles for automakers
Rinspeed: Citysnap CES 2021
The think tank Rinspeed is presenting its Citysnap concept at the virtual CES 2021. Every year at CES, Rinspeed presents a new study. This year, the previous models of the Snap category on, which has now become a brand has advanced. This is a modular system of superstructure and substructure. Rinspeed Citysnap. Source: Rinspeed Citysnap… Continue reading Rinspeed: Citysnap CES 2021
Sony Vision-S concept car begins testing on public roads
A year after its shock unveiling at the CES technology exhibition, tech giant Sony’s Vision-S concept car has hit public roads for the first time in prototype form. A new video released by the electronics manufacturer shows a prototype wearing numberplates and a camouflage-style wrap being tested by engineers in Austria. It provides a glimpse of… Continue reading Sony Vision-S concept car begins testing on public roads
Geely and Foxconn to form auto partnership: Sources
Taiwan’s Foxconn and Chinese automaker Zhejiang Geely Holding Group will form a partnership to provide contract manufacturing and consultancy services to automakers and mobility companies, three sources said on Wednesday. The two companies will set up a joint venture which will form the basis of a strategic partnership for the auto industry, said one source… Continue reading Geely and Foxconn to form auto partnership: Sources
Dana’s EV parts plant in Pune to open in Q1 2021
Dana, a global leader in drivetrain and e-propulsion systems, is strengthening its global electrification capabilities through production of e-drive technologies in Pune, one of India’s leading automotive hubs and home to a number of leading OEMs including Bajaj Auto, Tata Motors and Mahindra & Mahindra. In September 2020, Dana announced that it will be setting… Continue reading Dana’s EV parts plant in Pune to open in Q1 2021
@FCA: FCA announces that the previously declared special cash distribution has become unconditional
FCA announces that the previously declared special cash distribution has become unconditionalFCA announced today that the cash distribution declared on January 4, 2021 has become unconditional.As previously announced, the special cash distribution of €1.84 per common share corresponding to a total distribution of approximately €2.9 billion (the “cash distribution”) is payable to holders of FCA… Continue reading @FCA: FCA announces that the previously declared special cash distribution has become unconditional
Geely and electronics giant Foxconn ink JV to provide customised consulting to OEMs
Zhejiang Geely Holding Group (Geely Holding) and Foxconn Technology Group (Foxconn) have signed a strategic cooperative agreement that will establish a joint venture company to provide OEM production and comprehensive customised consulting services relating to whole vehicles, parts, intelligent drive systems, automotive ecosystem platforms nd electric vehicle industry value chain to global automotive enterprises. The… Continue reading Geely and electronics giant Foxconn ink JV to provide customised consulting to OEMs
@niche: Embrace the Complexity — An Evolution of Manufacturing000450
Embrace the Complexity — An Evolution of Manufacturing by Doug Morton Highland Park Model T final assembly, 1914 The fixed assembly line has served us well for more than a century, and yet we could unlock a new level of productivity by embracing the unpredictable nature of organic systems. But first, we have to learn to let go. Humans… Continue reading @niche: Embrace the Complexity — An Evolution of Manufacturing000450
GM to build electric delivery vans under new BrightDrop brand
Washington: General Motors unveiled plans Tuesday to build electric vans under the new BrightDrop brand, in a move aimed at creating a new ecosystem for delivery of goods. “BrightDrop offers a smarter way to deliver goods and services,” said GM chairman and chief executive Mary Barra as she unveiled the new brand at the virtual… Continue reading GM to build electric delivery vans under new BrightDrop brand