The logo of SK Innovation is seen in front of its headquarters in Seoul, South Korea, February 3, 2017. REUTERS/Kim Hong-Ji SEOUL, Nov 4 (Reuters) – The battery unit of South Korea’s SK Innovation Co Ltd (096770.KS) plans to invest $2.53 billion to build a new electric vehicle (EV) battery factory in China, China’s local… Continue reading Technology · 9:41 AM UTCS.Korea’s SK On to invest $2.5 bln to build new EV battery factory in China -govt mediaThe battery unit of South Korea’s SK In…
Tag: Strategy
@niche: Press Lordstown Motors Appoints Adam B. Kroll as Chief Financial Officer001377
LORDSTOWN, Ohio, Oct. 13, 2021 (GLOBE NEWSWIRE) — Lordstown Motors Corp. (“Lordstown Motors” or “LMC”) (Nasdaq: RIDE) announced today that its Board of Directors has elected Adam B. Kroll as Executive Vice President and Chief Financial Officer, effective October 25th, 2021. Mr. Kroll will replace Rebecca Roof, Interim Chief Financial Officer who will remain with… Continue reading @niche: Press Lordstown Motors Appoints Adam B. Kroll as Chief Financial Officer001377
EV Technology Group announces strategic investment in MOKE International Limited
Other investors include the filmmaker Matthew Vaughn and the people behind brands including Vilebrequin and Fiat Chrysler ZUG, Switzerland, Nov. 4, 2021 /PRNewswire/ — EV Technology Group Inc. (“EVT”) has announced that it has made a strategic lead investment in MOKE International Limited (“MIL”), the official producer of MOKE vehicles since 2015 when it acquired… Continue reading EV Technology Group announces strategic investment in MOKE International Limited
@Geely: Geely Auto Group Unveils Smart Geely 2025 Strategy
Roadmap to boost Geely Auto Group Sales to 3.65 million units Smart Geely 2025 outlines Geely Auto Group’s future development roadmap with electrification and sustainable mobility as central components BEV, HEV, and long-range PHEV models with range reaching 200km to become core part of offerings Geely to intensify commitment to sustainable development with promise to… Continue reading @Geely: Geely Auto Group Unveils Smart Geely 2025 Strategy
Ford F-150 Lightning electric truck reservations surpass 160,000
Ford Motor Company confirmed that reservations for the all-electric F-150 Lightning pickup truck have surpassed 160,000, less than six months after its debut. The U.S. automaker has been accepting $100 refundable reservations for the vehicle since its unveiling. Ford has seen a high level of consumer interest, bagging 20,000 reservations on the first day, 44,000… Continue reading Ford F-150 Lightning electric truck reservations surpass 160,000
@VW Group: For a carbon-neutral mobility – Volkswagen enters into a strategic partnership with EIT InnoEnergy004141
EIT InnoEnergy, the world’s leading innovation engine for sustainable energy, and Volkswagen AG have announced a strategic partnership. Both companies are planning joint innovation and investment activities designed to help innovative technologies and business models achieve economic breakthroughs which will contribute to the decarbonisation of the transport sector and accelerate the shift to electromobility. The… Continue reading @VW Group: For a carbon-neutral mobility – Volkswagen enters into a strategic partnership with EIT InnoEnergy004141
China EV startup Byton misses payroll as bankruptcy looms
Byton, a formerly highflying Chinese electric-vehicle startup, missed payments to workers and idled production lines as a local court started bankruptcy hearings. A court in Nanjing, Jiangsu province, held a hearing Monday on the request of Shanghai Huaxun Network System Co., a Byton creditor. Shanghai Huaxun demanded a bankruptcy proceeding for Nanjing Zhixing New Energy… Continue reading China EV startup Byton misses payroll as bankruptcy looms
BorgWarner Captures North American High Voltage Silicon Carbide Inverter Business with Major Global OEM
AUBURN HILLS, Mich., Nov. 3, 2021 /PRNewswire/ — BorgWarner has secured a contract with a major OEM to supply high voltage inverters for battery electric vehicle (BEV) platforms including a variety of passenger cars and trucks. The business award marks the company’s largest major silicon carbide based (SiC) inverter win and the first silicon carbide based… Continue reading BorgWarner Captures North American High Voltage Silicon Carbide Inverter Business with Major Global OEM
BorgWarner to Provide New Silicon Carbide Inverter for German OEM’s Electric Vehicles
AUBURN HILLS, Mich., Nov. 3, 2021 /PRNewswire/ — BorgWarner will be providing a new, high-voltage silicon carbide (SiC) inverter to a large German automaker for implementation in its next-generation electric vehicles. The BorgWarner 800V SiC inverter with proprietary power switches provides a more compact and efficient power module, resulting in higher electric vehicle range and enhanced driving… Continue reading BorgWarner to Provide New Silicon Carbide Inverter for German OEM’s Electric Vehicles
Volkswagen invests in EU-backed energy transformation fund
The move is in line with other steps by Volkswagen, which in September unveiled plans to set up its own 300 million euro ($348 million) venture capital fund to invest in decarbonisation projects and start-ups in the field. Volkswagen is expanding its green strategy by investing in an EU-backed fund to jointly back technology firms… Continue reading Volkswagen invests in EU-backed energy transformation fund