Zeekr Intelligent Technology Co., the electric-vehicle brand aiming its cars at a younger, trendier demographic in China, has raised $500 million in its first external funding round, according to a statement Friday. Five investors participated, including the world’s biggest EV battery maker, Contemporary Amperex Technology Co. Ltd. The other investors were Intel Capital, which led… Continue reading Geely EV brand Zeekr raises $500 million from investors
Tag: Geely
Geely’s EV brand scores $500m investment led by CATL and Intel
BEIJING — A luxury electric vehicle unit of China’s Geely has partnered with top EV battery maker CATL and other investors to accelerate the development of new technologies. Zeekr Intelligent Technology, which operates Geely’s premium EV brand, signed strategic investment partnerships with five companies including Intel Capital, Zhejiang Geely Holding Group announced Friday. The partners will gain a 5.6% stake in… Continue reading Geely’s EV brand scores $500m investment led by CATL and Intel
Lotus terminates partnerships with several UK retailers
Lotus has terminated contracts with several franchised dealerships in the UK as part of a “restructuring” of its retail network to coincide with the launch of the Emira. The move has sparked concerns that the availability of parts for second-hand Lotus models – already a concern for owners – could be restricted. According to a… Continue reading Lotus terminates partnerships with several UK retailers
Autos & TransportationGeely’s EV brand Zeekr raises $500 mln in first external funding2:42 PM UTC
A Zeekr 001 electric vehicle (EV) by Geely is seen displayed at the Zeekr booth during a media day for the Auto Shanghai show in Shanghai, China April 19, 2021. REUTERS/Aly Song BEIJING, Aug 27 (Reuters) – Zeekr, the premium electric vehicle brand by Geely, said on Friday it raised $500 million in its first… Continue reading Autos & TransportationGeely’s EV brand Zeekr raises $500 mln in first external funding2:42 PM UTC
Palantir invested $25 million in Faraday Future
Data-mining firm Palantir invested $25 million in Faraday Future shortly before the electric vehicle startup became a publicly traded company in July, according to a previously unreported Securities and Exchange Commission (SEC) document filed late last week. In addition, Faraday Future signed a commercial contract to use Palantir’s software, according to one of Palantir’s most… Continue reading Palantir invested $25 million in Faraday Future
Xiaomi reports record 64% revenue growth, acquires Deepmotion for $77.3 million
Xiaomi reported a second-quarter net income of $1.28 billion on revenue of $13.56 billion following the Chinese technology giant’s strong surge in smartphone market share globally. During the quarter that ended in June, Xiaomi said it saw a 64% year-on-year growth in revenue, and its net income surged over 80% from the same time a… Continue reading Xiaomi reports record 64% revenue growth, acquires Deepmotion for $77.3 million
Automotive startup Upstream raises $62M Series C to scale cloud-based security
Back in 2015, researchers Charlie Miller and Chris Valasek remotely hacked into a Jeep Cherokee driven by a Wired reporter, Andy Greenberg, in an attempt to warn the auto industry of potential pitfalls in their software and inspire legislation around automotive cybersecurity. It did that and more. Fiat Chrysler, which owns Jeep, ended up recalling… Continue reading Automotive startup Upstream raises $62M Series C to scale cloud-based security
Upstream Security Raises $62M in Series C Financing Round
HERZLIYA, Israel, Aug. 24, 2021 /PRNewswire/ — Upstream Security, the leader in automotive cybersecurity and data analytics for connected vehicles, announced today it successfully closed a $62 million investment as part of round C funding, thereby completing a total of $105 million investment since its founding. This latest investment, which was led by Mitsui Sumitomo Insurance… Continue reading Upstream Security Raises $62M in Series C Financing Round
Asia Pacific Bus Markets, Competition, Forecast & Opportunities, 2026
DUBLIN, Aug. 23, 2021 /PRNewswire/ — The “Asia Pacific Bus Market, By Length Type (Less than 8m, Between 8m–10m, Between 10m–12m, Greater than 12m), By Fuel Type (Diesel, Petrol/Gasoline, Gas, Electric, Hybrid), By Seating Capacity, By Body Type, By Application, By Country, Competition, Forecast & Opportunities, 2026″ report has been added to ResearchAndMarkets.com’s offering. The… Continue reading Asia Pacific Bus Markets, Competition, Forecast & Opportunities, 2026
Incredible Inaugural Ceremony for the Impressive Neolith® Museum in China.
CASTELLÓN, Spain, Aug. 23, 2021 /PRNewswire/ — The Spanish multinational company Neolith®, the leader in the production of Sintered Stone, had just inaugurated a spectacular, avant-garde museum in the city of Hangzhou. The museum is located in the urban district of Binjiang, an area that is home to the headquarters of Asian electronics, automotive and… Continue reading Incredible Inaugural Ceremony for the Impressive Neolith® Museum in China.