New Delhi: Power management company Eaton announced that it has acquired the Switzerland-based Green Motion SA, a designer and manufacturer of electric vehicle charging hardware and related software. Uday Yadav, president and chief operating officer, electrical sector, Eaton, said, “Electric vehicle charging infrastructure is among the areas where we expect to see significant growth over… Continue reading Eaton acquires Green Motion SA to expand EV charging capabilities
Tag: Mobility
@Geely: Geely Auto Forms New Premium Electric Car Company – Zeekr
New brand, Zeekr, to bring competition into premium electric segment Focus on innovation as standard with users at the centre of operations Unique business model with production given to parent company under asset light operation strategy 2021 March 23rd, Hangzhou and Hong Kong. Geely Auto Group (Geely Auto) today announced the formation of a new… Continue reading @Geely: Geely Auto Forms New Premium Electric Car Company – Zeekr
@Geely: Geely Auto 2020 Financial Results Released
Geely Auto continues to be the top selling Chinese auto brand for fourth consecutive year with sales over 1.32 million units. Lynk & Co sold over 175,000 vehicles, a YoY increase of about 37% Geely Auto exported more than 73,000 units, a YoY increase of about 25% Geely Automobile Holding Ltd. (HK.0175) 2020 revenue reaches… Continue reading @Geely: Geely Auto 2020 Financial Results Released
India to launch supercharged push for global electric vehicle players
To benefit from the scheme automakers must meet conditions including minimum global revenue of $1.4 billion. For auto parts makers it is $69 million. The companies must grow by at least 8% each year to qualify for the incentives, which are also linked to the distance between the factory and point of sale. By Aditi… Continue reading India to launch supercharged push for global electric vehicle players
Karooooo Ltd. Announces Launch of Initial Public Offering
SINGAPORE, March 22, 2021 /PRNewswire/ — Karooooo Ltd. (“Karooooo”) today announced that it has launched the roadshow for the initial public offering of its ordinary shares. Karooooo is offering 2,500,000 of its ordinary shares and Isaias (Zak) Jose Calisto, Karooooo’s chief executive officer (the “Selling Shareholder”) is offering 1,500,000 of Karooooo’s ordinary shares. In addition, the… Continue reading Karooooo Ltd. Announces Launch of Initial Public Offering
VW’s Traton Group to invest 1.6 billion euros in electric mobility
The TRATON GROUP is systematically preparing for the transition to electric drives. The commercial vehicle manufacturer has now decided to invest a total of 1.6 billion euros (Rs 13,227 crore) in research and development for e-mobility by 2025. An e-mobility investment of 1 billion euros (Rs 8,267 crore) had been planned originally over this period.… Continue reading VW’s Traton Group to invest 1.6 billion euros in electric mobility
Human Horizons Smart Factory setzt Maßstäbe für den intelligenten Fahrzeugbau
Die Montage des HiPhi X in der neuen Smart Factory wird durch eine Reihe von hochentwickelten technologischen Werkzeugen unterstützt. Hunderte von Internet-of-Things (IoT)-Geräten, die über 5G verbunden sind und von einer leistungsstarken Manufacturing Operating Management (MOM)-Cloud-Computing-Software, dem „Digitalen Zwilling”, organisiert werden, stellen sicher, dass der gesamte Betrieb effizient und autonom gesteuert wird. Für Fabrikbetreiber wird… Continue reading Human Horizons Smart Factory setzt Maßstäbe für den intelligenten Fahrzeugbau
ANALYSIS-Electric shock: German auto stocks get a new lease of life
By Danilo Masoni, Thyagaraju Adinarayan 5 Min Read LONDON (Reuters) – Volkswagen and BMW’s plans to grab market share in the fast-growing electric car market and challenge Tesla could shift the dial for their cheaply priced shares. FILE PHOTO: The BMW iNEXT electric autonomous concept car is introduced during a BMW press conference at the… Continue reading ANALYSIS-Electric shock: German auto stocks get a new lease of life
Daimler Says Denza X Crossover’s Success Key To Chinese Brand’s Future – CarScoops
Daimler CEO Ola Kallenius stated that sales of the Denza X SUV in China will play a crucial role in the future of the brand. The German car manufacturer established Denza through a 50:50 joint venture with BYD and unveiled the production-spec Denza X SUV in late 2019. It is a sleek-looking vehicle using many… Continue reading Daimler Says Denza X Crossover’s Success Key To Chinese Brand’s Future – CarScoops
Daimler will shrink with shift to EVs, AVs, CEO says – Automotive News Europe
FRANKFURT — Daimler will be a smaller company five years from now, focused on capturing recurring revenues with software-based services as Mercedes-Benz seeks to redefine luxury in an era of electric and self-driving cars, CEO Ola Kallenius said. The company founded by Carl Benz, who patented the first gasoline-powered car in 1886, is accelerating plans… Continue reading Daimler will shrink with shift to EVs, AVs, CEO says – Automotive News Europe