Complements EV platform sharing, vehicle engineering and manufacturing cooperationDelivers complete set of ADAS features and unique suite of software packagesIncludes first-to-market digital imaging radar technologyAURORA, Ontario, Jan. 04, 2021 (GLOBE NEWSWIRE) — Magna today confirmed that it is collaborating with Fisker to develop an Advanced Driver Assistance System (ADAS), which will be applied to the… Continue reading Magna Expands With Fisker: Secures Full ADAS System Business
Tag: Mobility
New Year Brings New CEO for Magna
21-year company veteran Swamy Kotagiri takes the helm at MagnaFormer Magna President and CTO blends strategic vision, leadership capabilities and technical expertiseAURORA, Ontario, Jan. 04, 2021 (GLOBE NEWSWIRE) — Last October, Magna’s Board of Directors announced the appointment of Swamy Kotagiri as Magna’s next Chief Executive Officer, effective January 1, 2021. Today, Kotagiri begins his… Continue reading New Year Brings New CEO for Magna
World NM: Hyundai chief sets 2021 as ‘turning point’ for expansion000690
Hyundai Motor Group, South Korea’s top automaker, will accelerate its drive to morph into a future mobility solutions provider this year to better compete with rivals, the group’s chief said Monday. To strengthen its presence in the eco-friendly vehicle market, the group’s main affiliate Hyundai Motor Co. plans to launch the IONIQ 5, the first… Continue reading World NM: Hyundai chief sets 2021 as ‘turning point’ for expansion000690
Rolling out driverless cars is ‘extraordinary grind’, says Waymo boss
Google sister company raised $3.2bn last year but John Krafcik says challenge remains huge Go to Source
Tata Motors partners Karnataka Bank to provide retail finance to car buyers
Tata Motors, a leading car, and commercial vehicle manufacturer has signed a Memorandum of Understanding (MoU) with Karnataka Bank in a joint effort to introduce attractive financing offers for its car buyers. Tata Motor customers can select from a variety of schemes on their future vehicle purchase available across 857 branches of Karnataka Bank which… Continue reading Tata Motors partners Karnataka Bank to provide retail finance to car buyers
@Nio: 000176
On January 3, NIO provided its December and 2020 full-year delivery results. NIO delivered 7,007 vehicles in December, increasing by 32.4% month-over-month, setting a new record for five consecutive months, and by 121% year-over-year, registering its ninth straight month of twofold growth since April. For the full year, NIO delivered 43,728 vehicles in 2020, representing… Continue reading @Nio: 000176
@Nio: NIO Inc. Provides December, Fourth Quarter and Full Year 2020 Delivery Update000174
January 3, 2021 at 3:00 AM EST Company Achieved New Records for Monthly and Quarterly Deliveries; Annual Delivery Reached 43,728 Vehicles in 2020 NIO delivered 7,007 vehicles in December 2020, increasing by 121.0% year-over-year NIO delivered 17,353 vehicles in the three months ended December 2020, increasing by 111.0% year-over-year NIO delivered 43,728 vehicles in 2020… Continue reading @Nio: NIO Inc. Provides December, Fourth Quarter and Full Year 2020 Delivery Update000174
Premium Ride-Hailing Service StarRides now available in 6 Chinese cities, launches English App in Chinese Market
16.
December 2020
Stuttgart/Beijing
StarRides is now available in Hangzhou, Guangzhou, Chengdu, Xi’An, Beijing and Shanghai English version of premium ride-hailing app for international customers in China introduced Average monthly growth rate of registered users of almost 80 percent underlines robust demand Stuttgart/Beijing – The premium ride-hailing provider StarRides, a joint venture of Daimler Mobility AG and Geely Technology Group, is now available in six cities across China. The service was initially launched just one year ago in December 2019 in Hangzhou, China. StarRides now offers its services in Hangzhou, Guangzhou, Chengdu, Xi’An, Beijing and Shanghai, covering the majority of China’s major business metropolises and most popular travel destinations. More launches in Chinese cities are planned. Since its start in December 2019, StarRides has achieved growth in registered users by an average of almost 80 percent on a monthly basis. The vast majority of users are busine..
Mahindra likely to sign term sheet with new SsangYong investor next week
India’s Mahindra & Mahindra, which holds a majority 74.65 percent stake in Korean carmaker SsangYong Motor Company (SYMC) has divulged that it is in talks with a new investor to give up its charge of South Korea’s fourth-largest carmaker, albeit one which has been struggling to cope up with the recent dynamics in the global… Continue reading Mahindra likely to sign term sheet with new SsangYong investor next week
Folks Motor develops hybrid-electric retrofit solution for cars in India
As sustainability and environment consciousness pick up pace in the automobile industry, there is a growing need for greener mobility solutions to cut down the emissions coming from vehicles at least at the tail-pipe level. While the recent BS VI emission norms have put a strict boundary around OEMs to devise methods to reduce vehicular… Continue reading Folks Motor develops hybrid-electric retrofit solution for cars in India