Production is expected to start in late 2021 with initial capacity of 10 GWh annually Geely Auto (through Shanghai Maple Guorun subsidiary) and LG Chem announced a new 50:50 battery joint venture in China, which is set to initially produce 10 GWh of lithium-ion cells annually. The registered capital of the JV is $188 million.… Continue reading Geely And LG Chem Announce Battery JV In China
Tag: Volvo
As Cars Become Increasingly Driverless, People Are Already Seeking Analogue Motoring Experiences – Singularity Hub
According to those in the industry, and researchers too, driverless cars will totally revolutionize the way we think about individual transport. They will change the way we work and rest. They could herald the end of traffic jams, and have the potential to change the lives of disabled people, to give a few examples. But… Continue reading As Cars Become Increasingly Driverless, People Are Already Seeking Analogue Motoring Experiences – Singularity Hub
Volkswagen to float 10% of truck unit, seeks to raise 1.9 billion euros
FRANKFURT (Reuters) – Volkswagen aims to raise up to 1.9 billion euros ($2.1 billion) by listing truck unit Traton, it said on Friday, scaling back earlier ambitions to list up to a quarter of the unit by opting to float a 10% stake. FILE PHOTO: The logo of Volkswagen carmaker is seen at the entrance… Continue reading Volkswagen to float 10% of truck unit, seeks to raise 1.9 billion euros
Geely cashes in on AB Volvo volatility to raise €400m – GlobalCapital
Geely, which is rated BBB- with a stable outlook by S&P, worked with banks for more than a year, before launching the transaction late on Wednesday morning, following an extensive pre-sounding exercise with Asian and European investors that covered 90% of the deal prior to launch. UBS, Citi, Please take a trial or subscribe to access… Continue reading Geely cashes in on AB Volvo volatility to raise €400m – GlobalCapital
UPDATE 3-Uber unveils next-generation Volvo self-driving car
WASHINGTON (Reuters) – Uber Technologies Inc unveiled its newest Volvo self-driving car in Washington on Wednesday as it works to eventually deploy vehicles without drivers under some limited conditions. FILE PHOTO: Uber’s Volvo XC90 self driving car is shown during a demonstration of self-driving automotive technology in Pittsburgh, Pennsylvania, U.S. September 13, 2016. REUTERS/Aaron Josefczyk… Continue reading UPDATE 3-Uber unveils next-generation Volvo self-driving car
The future of car ownership: Building an online dealership
Buying a car is painful. Dealerships are the worst, and the options are endless. The rise of the Internet produced powerful tools for shoppers, but in the end, most buyers still have to trudge down to a car lot. For this series of articles, TechCrunch spoke with several founders and investors attempting to rethink car… Continue reading The future of car ownership: Building an online dealership
Uber unveils new Volvo self-driving vehicle in a step toward robotaxi service
Uber Advanced Technologies Group unveiled Wednesday a new generation of self-driving Volvo XC90 SUVs that are designed and built to be fully driverless, a critical milepost for the company as it inches toward deployment of a robotaxi service. Volvo and Uber have developed several prototypes since entering into a joint engineering partnership in September 2016.… Continue reading Uber unveils new Volvo self-driving vehicle in a step toward robotaxi service
A New Class of Vehicle: Production-Ready Self-Driving
A New Class of Vehicle: Production-Ready Self-Driving UberATGBlockedUnblockFollowFollowing Jun 12 Introducing our latest self-driving vehicle in partnership with Volvo Cars, a world leader in automotive safety. Introducing Uber ATG’s latest self-driving vehicle Since September 2016, Uber ATG and Volvo Cars have teamed up in a joint engineering partnership to develop several self-driving car prototypes. Today… Continue reading A New Class of Vehicle: Production-Ready Self-Driving
Dealers stock more used cars but sell slower in May
UK dealers stocked 15% more used vehicles in May than 12 months ago, according to the latest Market View from Motors.co.uk. Dealers’ average stock levels rose from 60 to 69 cars. However, cars took two days longer to sell in May than 12 months ago increasing from 38 to 40 days. May also marked a… Continue reading Dealers stock more used cars but sell slower in May
Toyota to launch ultra-compact battery vehicle, tie up with China’s CATL
The company has partnered with CATL. TOKYO: Toyota Motor Corp will launch an ultra-compact, battery-powered car that seats two by next year and will tie up with Chinese battery maker CATL, it said on Friday, to accommodate an accelerated shift to electric vehicles. Japan’s largest automaker said it aimed to have half of its global… Continue reading Toyota to launch ultra-compact battery vehicle, tie up with China’s CATL