Visteon Announces Second-Quarter 2021 Results

Sales of $610 million; 59% increase Y/Y excluding currency Net loss of $11 million Adjusted EBITDA of $30 million, a Y/Y increase of $33 million Net cash position of $115 million at the end of Q2 First-half new business wins of $3.2 billion Industry’s largest all-digital cluster multi-region program with global OEM Continued global growth… Continue reading Visteon Announces Second-Quarter 2021 Results

CATL Unveils Its Latest Breakthrough Technology by Releasing Its First Generation of Sodium-ion Batteries

Another Milestone in the Industrialization of Innovative Technologies NINGDE, China, July 29, 2021 /CNW/ — Contemporary Amperex Technology Co., Ltd. (CATL) successfully held its first online launch event “Tech Zone” on July 29. Dr. Robin Zeng, chairman of CATL, unveiled the company’s first-generation sodium-ion battery, together with its AB battery pack solution – which is… Continue reading CATL Unveils Its Latest Breakthrough Technology by Releasing Its First Generation of Sodium-ion Batteries

Uber slides 4% on report SoftBank will shed a third of its stake in the ride-hailing app

Photo by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images Uber’s stock fell 4% on Thursday after CNBC reported SoftBank is offloading a large stake in the firm. The latest share sale could take SoftBank’s holdings in Uber to less than 100 million shares. Reports say the decision is unrelated to SoftBank’s $4 billion loss from its… Continue reading Uber slides 4% on report SoftBank will shed a third of its stake in the ride-hailing app

ALYI Previews Upcoming Multimedia Communication Campaign Featuring Electric Motorcycle Pilot Launched Earlier This Month

DALLAS, July 29, 2021 /PRNewswire/ — Alternet Systems, Inc. (USOTC: ALYI) (“ALYI”) today published a report from the CEO, Randell Torno, on the company’s electric motorcycle pilot launched earlier this month.  The report is included in it’s entirety below: CEO Electric Motorcycle Pilot Report As this pilot report update is being published, I should be… Continue reading ALYI Previews Upcoming Multimedia Communication Campaign Featuring Electric Motorcycle Pilot Launched Earlier This Month

@Daimler: “Lead in Electric”: Mercedes-Benz at the IAA MOBILITY 2021

Premiere for five fully electric models Stuttgart/Munich.  At the IAA MOBILITY in Munich from 7 to 12 September, Mercedes-Benz is showcasing the full breadth of its current and future electric mobility line-up – from compact models to performance luxury saloon to multi-purpose vehicles (MPVs). The premium carmaker will use this show of strength across all… Continue reading @Daimler: “Lead in Electric”: Mercedes-Benz at the IAA MOBILITY 2021

EDF and Nissan launch new commercial V2G service for EV fleets

The EDF V2G offer is available for fleet owners of Nissan’s LEAF and e-NV200 models and will allow fleet customers to achieve around £350 savings per charger each year, which equates to approximately 9,000 miles of driving charge per year. New Delhi: EDF, through EDF Group subsidiary DREEV, on Wednesday launched a new commercial charging… Continue reading EDF and Nissan launch new commercial V2G service for EV fleets

Autos & TransportationDidi Global denies media report it plans to go private after $4.4 bln New York IPO12:17 PM UTC

The logo for Chinese ride-hailing company Didi Global Inc is pictured during the IPO on the New York Stock Exchange (NYSE) floor in New York City, U.S., June 30, 2021. REUTERS/Brendan McDermid/File Photo July 29 (Reuters) – Ride-hailing company Didi Global (DIDI.N) on Thursday denied a media report that the company was considering going private… Continue reading Autos & TransportationDidi Global denies media report it plans to go private after $4.4 bln New York IPO12:17 PM UTC

Ride-hailing firm Didi Global considers going private to calm China

China‘s Didi Global is considering going private to placate Chinese authorities and compensate investor losses since the ride-hailing firm listed in the United States, the Wall Street Journal reported on Thursday. The company has been mulling delisting plans as crackdown in China widens and it has received support from cybersecurity regulators, according to the report, which cited people familiar with the matter. The… Continue reading Ride-hailing firm Didi Global considers going private to calm China

Volta Charging Announces New Station Installation In Morris Plains, New Jersey

Founded on the premise that the electrification of mobility is likely to be a transformational shift, Volta Charging builds and operates a nationwide EV charging network that has among the best utilization per station in the EV charging industry for the United States. Centered around capturing new spending habits expected to result from the shift… Continue reading Volta Charging Announces New Station Installation In Morris Plains, New Jersey