June 26, 2018 Evergrande Health Industry Group Limited, an arm of property developer China Evergrande Group, has acquired 45 per cent stake in Faraday Future, the new-energy vehicle startup founded by Jia Yueting whose conglomerate LeEco is battling a severe cash crunch. Evergrande Health has come in as a strategic investor after buying out the… Continue reading China Evergrande arm to buy 45% in EV startup Faraday Future
Tag: Strategy
Dacia simply successful
Monday 25 June 2018 by Rachida Badri – Corporate Rachida Badri Share on Twitter Share on Facebook Share on LinkedIn Share on Pinterest As part of the 50th anniversary celebrations of Dacia in Romania, Groupe Renault talks about how momentum has developed since the renewal of the brand in 2004. It has already engaged five… Continue reading Dacia simply successful
SEAT to lead the Volkswagen Group’s expansion in North Africa
North Africa is one of the key regions in SEAT’s globalisation strategy. The company’s aim is to increase its international presence outside Europe and strengthen its presence on all five continents. Algeria plays an essential role in this strategy, as it is a worldwide market with one of SEAT’s highest sales volumes in 2018, together… Continue reading SEAT to lead the Volkswagen Group’s expansion in North Africa
VW and Ford explore alliance with vans
Wednesday, 06/20/2018 09:47 clock The German carmaker Volkswagen wants in the development of commercial vehicles and other stores the forces with the US rival ford bundle up. The corporations confirmed on Tuesday after the US market close, explore opportunities for a strategic alliance. According to insiders, the VW supervisory board had already agreed to talks… Continue reading VW and Ford explore alliance with vans
£25 million boost for self-driving technology: apply for funding
The Centre for Connected and Autonomous Vehicles (CCAV) has up to £25 million to invest in up to 4 pilot schemes for self-driving vehicles. Funding is for pilots of self-driving passenger vehicles which include at least a 6-month trial in a public or semi-controlled setting. Trials should have a clear commercial focus, with potential to… Continue reading £25 million boost for self-driving technology: apply for funding
Deutsche Post wants street scooters by 2020 itself to produce
N After the expulsion of Executive Board member Jürgen Gerdes, the post-chairman of the board of directors commits himself Frank Appel to the street scooter. The electric transporter powered by Gerdes will continue to be produced by Deutsche Post. “At least in the next two years, we will continue,” said Appel the Frankfurter Allgemeine Zeitung.… Continue reading Deutsche Post wants street scooters by 2020 itself
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PSA maps out Vauxhall’s path to profitability
Opel and Vauxhall have not posted a full-year profit this century, losing about £15 billion in the past 17 years. That represents a catastrophic failure by any measure, but it also highlights just how ambitious the recovery plan set out by new owner the PSA Group is. The strategy, called ‘Pace’, calls for (among other… Continue reading PSA maps out Vauxhall’s path to profitability
Volkswagen aims for solid-state battery production by 2025
Volkswagen has announced that it aims to have a production facility for solid-state batteries by 2025. The announcement comes with the VW Group’s £75 million investment in Californian battery technology company QuantumScape, following six years of collaboration with the firm. Solid-state battery technology, Volkswagen claims, would more than double the capacity compared with the brand’s current… Continue reading Volkswagen aims for solid-state battery production by 2025
Shanghai commits to Divergent 3D printed electric vehicle production
The Divergent 3D node-based additive manufacturing technology, used to make the Blade supercar, is to be the driver of a new electric vehicle (EV) production plant in Shanghai. The forthcoming factory is a joint development between EV investment firm We Solutions, and Shanghai Alliance Investment, a private equity and venture capital arm of Shanghai Municipal Government.… Continue reading Shanghai commits to Divergent 3D printed electric vehicle production
Deutsche Post wants street scooters by 2020 itself to produce
N After the expulsion of Executive Board member Jürgen Gerdes, the post-chairman of the board of directors commits himself Frank Appel to the street scooter. The electric transporter powered by Gerdes will continue to be produced by Deutsche Post. “At least in the next two years, we will continue,” said Appel the Frankfurter Allgemeine Zeitung.… Continue reading Deutsche Post wants street scooters by 2020 itself to produce