Bosch is taking the next step to help fuel cells as emission-free drive solutions achieve a global breakthrough. Together with the premium commercial vehicle manufacturer Qingling Motors, the company has now established a joint venture in China, named Bosch Hydrogen Powertrain Systems (Chongqing) Co. The new company will develop, assemble and market fuel cell systems… Continue reading Bosch sets up JV with China’s Qingling Motors for fuel cells
Tag: Strategy
@Nio: NIO Inc. Reports Unaudited First Quarter 2021 Financial Results000225
April 29, 2021 at 5:30 PM EDT Quarterly Total Revenues reached RMB7,982.3 million (US$1,218.3 million)iQuarterly Deliveries of the ES8, the ES6 and the EC6 were 20,060 vehicles SHANGHAI, China, April 29, 2021 (GLOBE NEWSWIRE) — NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer and a leading manufacturer of premium smart electric vehicles in… Continue reading @Nio: NIO Inc. Reports Unaudited First Quarter 2021 Financial Results000225
@VW Group: Way to Zero: Volkswagen presents roadmap for climate-neutral mobility002953
At the first Way to Zero Convention, Volkswagen today gave details of its plans for decarbonizing the company and its products. The company intends to be net carbon neutral by 2050 at the latest. A new interim milestone is the targeted 40-percent reduction in CO2 emissions per vehicle in Europe by 2030 – substantially outperforming… Continue reading @VW Group: Way to Zero: Volkswagen presents roadmap for climate-neutral mobility002953
@VW Group: Audi’s Le Mans return is shaping up002953
Audi will return to Le Mans and to sports prototype racing with an electrified sports car in the 2023 season. The successor to the successful Audi R18 is already taking shape. “The new LMDh category fits perfectly with our new set-up in motorsport,” says Julius Seebach, Managing Director Audi Sport GmbH and responsible for Motorsport at… Continue reading @VW Group: Audi’s Le Mans return is shaping up002953
Visteon Announces First-Quarter 2021 Results
• $746 million Q1 net sales; 14% increase Y/Y excluding currency • Net income of $16 million in Q1 or $0.56 per diluted share • Adjusted EBITDA of $64 million, 8.6% of sales • $1.8 billion in new business wins — First microZone™ display award with large North American OEM —… Continue reading Visteon Announces First-Quarter 2021 Results
@Nio: 000224
On April 29, 2021, NeoPark, a smart electric vehicle industry park at Xinqiao, Hefei, Anhui province, was officially kicked off. The ceremony was jointly attended and celebrated by Li Jinbin, Party Secretary of Anhui, Wang Qinxian, Governor of Anhui, Deng Xiangyang, Executive Vice Governor of Anhui, Yu Aihua, Party Secretary of Hefei, Guo Qiang, standing… Continue reading @Nio: 000224
“We Aim to Become the Global Leader in Technology for Automated Driving”
CEO Nikolai Setzer looks confidently to the future in his speech at the 2021 Annual Shareholders’ Meeting: “Things are looking up. Progress may be slow this year, but we feel it: demand is recovering in 2021” In its 150th anniversary year Continental is resolutely implementing its realigned strategy: “Shaping the transformation. It made us strong… Continue reading “We Aim to Become the Global Leader in Technology for Automated Driving”
Valmet Automotive’s Sustainability Report 2020 published: significant progress on Sustainability goals
Valmet Automotive has today published the Group’s Sustainability Report for 2020. Despite a challenging year, Valmet Automotive made significant progress towards its sustainability goals in 2020. The report presents the company’s key sustainability themes, strategic priorities and 2020 highlights. Valmet Automotive publishes the Sustainability Report annually. The importance of sustainable development is constantly growing in… Continue reading Valmet Automotive’s Sustainability Report 2020 published: significant progress on Sustainability goals
Valmet Automotive’s Annual Review 2020: Good performance and solid strategy execution despite extraordinary circumstances
In 2020, Valmet Automotive’s profitability in the continued businesses was maintained close to previous year’s level despite the corona pandemic related production losses during the second and third quarter. Business build of and investments to EV Systems business line continued according to plans and cash flow after investments remained positive. Net sales of EUR 494.0… Continue reading Valmet Automotive’s Annual Review 2020: Good performance and solid strategy execution despite extraordinary circumstances
Hyzon Motors, NEOM and Modern Group Plan to Collaborate on Hydrogen-Powered Vehicle Value Chain
ROCHESTER, N.Y. and RIYADH, Saudi Arabia, April 29, 2021 /PRNewswire/ — Hyzon Motors Inc. (“Hyzon”), a leading global supplier of zero-emission hydrogen fuel cell-powered commercial vehicles, jointly with Modern Industrial Investment Holding Group (“Modern Group”), a Saudi industrial conglomerate, today announced the signing of a memorandum of understanding (MoU) with NEOM Company for the development… Continue reading Hyzon Motors, NEOM and Modern Group Plan to Collaborate on Hydrogen-Powered Vehicle Value Chain