SHANGHAI, China, Feb. 06, 2020 (GLOBE NEWSWIRE) — NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer in China’s premium electric vehicle market, today announced that it has entered into definitive transaction documents with an unaffiliated Asia based investment fund (the “Purchaser”), pursuant to which NIO will issue and sell convertible notes in an… Continue reading @Nio: NIO Announces Private Placement of US$100 Million Short-term Convertible Notes
Tag: Mobility
NIO Announces Private Placement of US$100 Million Short-term Convertible Notes
SHANGHAI, China, Feb. 06, 2020 (GLOBE NEWSWIRE) — NIO Inc. (“NIO” or the “Company”) (NIO), a pioneer in China’s premium electric vehicle market, today announced that it has entered into definitive transaction documents with an unaffiliated Asia based investment fund (the “Purchaser”), pursuant to which NIO will issue and sell convertible notes in an aggregate… Continue reading NIO Announces Private Placement of US$100 Million Short-term Convertible Notes
Auto parts supplier: Continental builds new plant in the USA
Continental logo The auto parts supplier Continental is increasing its investments in the business with assistance systems and plans to open another factory in the United States to build. In New Braunfels (Texas), work on a plant producing radar sensors is scheduled to start by the middle of this year. The start of production is… Continue reading Auto parts supplier: Continental builds new plant in the USA
Fisker Ocean at Geneva International Motor Show 2020: Award-Sweeping All-Electric Luxury SUV to Make European Debut
Production is projected to begin in Q4 2021, with high-volume deliveries of the Fisker Ocean targeted to ramp up in 2022. Global and localized supply chains secured across the U.S., Europe and China will result in more than 1 million vehicles projected to be produced between 2022 and 2027. Henrik Fisker, chairman and CEO –… Continue reading Fisker Ocean at Geneva International Motor Show 2020: Award-Sweeping All-Electric Luxury SUV to Make European Debut
@BMW: BMW Group steps up expansion for production of electric powertrain components at Plant Dingolfing
Dingolfing/Munich. The BMW Group is expanding production capacity and increasing its staff at the Competence Centre for E-Drive Production in Dingolfing faster than originally planned. Due to growing demand for electrified vehicles, the plant expects the number of modules needed for production of high-voltage batteries to double from the previous year. The number of electric… Continue reading @BMW: BMW Group steps up expansion for production of electric powertrain components at Plant Dingolfing
Aurora Voices with Magnus Wrenninge
Meet Magnus Wrenninge, an Academy Award-winning Software Engineer from our Perception Simulation team. At the heart of Aurora’s technology and mission are the individuals behind it. In our series, Aurora Voices, we share the unique voices and stories of the people of Aurora. We’ll focus on Aurorans from all backgrounds, showcasing their personal and professional… Continue reading Aurora Voices with Magnus Wrenninge
@Mitsubishi: Mitsubishi Motors: Establishment of the Consortium for Advanced Assistive Mobility Platform
TOKYO, Feb 6, 2020 – (JCN Newswire) – Alps Alpine Co. Ltd., OMRON Corporation, Shimizu Corporation, IBM Japan, Ltd., and Mitsubishi Motors Corporation have established the Consortium for Advanced Assistive Mobility Platform, a general incorporated association. Aiming to improve accessibility in society(1) and quality of life for the visually impaired, the consortium will develop an… Continue reading @Mitsubishi: Mitsubishi Motors: Establishment of the Consortium for Advanced Assistive Mobility Platform
PSA’s DS brand comes out of Citroen’s shadow – Automotive News Europe
DS Automobiles was spun off from Citroen in 2014, but it took until 2018 before its first brand-specific model, the DS 7 Crossback compact SUV, went on sale. The smaller DS 3 Crossback, which will have an electric version of parent PSA Group’s CMP architecture, was launched last year. Four more DS models are expected… Continue reading PSA’s DS brand comes out of Citroen’s shadow – Automotive News Europe
Maruti Suzuki targets sale of 1 million green cars at premiere of Concept Futuro-e
NEW DELHI: Maruti Suzuki India vowed to introduce newer, greener and customer-friendly technologies as the market leaders showcased its first electric offering Concept Futuro-E at the Auto Expo on Wednesday. Maruti Suzuki embarked on ‘Mission Green Million’, where it aims to sell one million green vehicles in the next couple of years thereby strengthening its… Continue reading Maruti Suzuki targets sale of 1 million green cars at premiere of Concept Futuro-e
Uber can resume testing its self-driving cars in California
Sponsored Links ERIC BARADAT via Getty Images Uber started scaling back its self-driving car tests after one of its vehicles hit and killed a pedestrian in March of 2018. While the company doesn’t seem primed to unleash a fleet of autonomous cars, it has been granted a new permit to resume testing in California. San… Continue reading Uber can resume testing its self-driving cars in California