Transport officials said they are planning ADTCs in each district. While they are operational in Mysuru, Kalaburagi and Shivamogga, construction is on in Hassan, Dharwad, Raichur, Mangaluru and Belagavi. “We plan to set up ADTCs in Ballari, Gadag, Madikeri, Hospet, Chikkodi, Kolar and Udupi,” said Holkar. BENGALURU: Following a PIL in the high court exposing… Continue reading Bengaluru: Automated driving test track likely in Devanahalli
Tag: Geely
SVOLT Energy Closes 10.28 Billion RMB B Round Financing in Less Than 5 Months
This round of financing was led by Bank of China Group Investment (BOCGI), followed by the Sub-funds of National Fund for Technology Transfer and Commercialization, Country Garden Venture Capital, Shenzhen Capital Group(SCGC), CCB Investment, IDG Capital, Sany, Xiaomi Corporation, Oceanpine Capital, CHINA RENAISSANCE among others. Original shareholders, including SDIC and JZ Capital, significantly increased their… Continue reading SVOLT Energy Closes 10.28 Billion RMB B Round Financing in Less Than 5 Months
China’s CATL unveils sodium-ion battery as EV popularity rises
BEIJING (Reuters) — China’s CATL on Thursday became the first major automotive battery maker to unveil a sodium-ion battery, saying it planned to set up a supply chain for the new technology in 2023. As electric vehicles become increasingly popular, demand for key battery ingredients, particularly cobalt, has spiked. That has spurred car and battery… Continue reading China’s CATL unveils sodium-ion battery as EV popularity rises
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
@Geely: Geely Auto Establishes Global Strategic Partnership with Inchcape
Geely Auto and Inchcape to jointly explore Business Expansion in South America Initial focus on Chilean market with subsequent markets to be explored in due course. 2021 July 26th, Hangzhou, China/London, UK. China’s leading privately owned car brand, Geely Auto and the world’s largest independent automotive retailer, Inchcape Group, formally established a global strategic partnership… Continue reading @Geely: Geely Auto Establishes Global Strategic Partnership with Inchcape
Scania Interim Report January-June 2021
SÖDERTÄLJE, Sweden, July 28, 2021 /PRNewswire/ — The recovery has continued during the second quarter of 2021 and both order intake and deliveries rose sharply compared to the previous year. Summary of the first six months of 2021 Net sales increased by 28 percent to SEK 74,776 m. (58,469) Operating income increased by 246 percent… Continue reading Scania Interim Report January-June 2021
Audi to drop A1 in Europe as tougher tailpipe rules dent small-car profits – Automotive News
The acknowledgement comes as automakers start to question their small-car strategies in response to more stringent European Union regulations on tailpipe emissions July 25, 2021 01:00 AM {{ source.title }} {{title}} {{ abstract }} read more {{/main_image_url}} {{^main_image_url}} {{ source.title }} {{title}} {{ abstract }} read more {{/main_image_url}} {{/content}} ]]> Audi will discontinue the A1… Continue reading Audi to drop A1 in Europe as tougher tailpipe rules dent small-car profits – Automotive News
Norway’s electric car subscription service imove closes $22.3M Series A led by AutoScout24
The “subscribe to your car” movement has been taking off in recent years, with the appearance of Fleks in the U.K., Cazoo (after its acquisition of Drover) and Care by Volvo Hertz, to name just a few. Into this space has appeared imove out of Norway, with what appears, at least, to be a new… Continue reading Norway’s electric car subscription service imove closes $22.3M Series A led by AutoScout24
Intel’s Mobileye takes its autonomous vehicle testing program to New York City
Mobileye, a subsidiary of Intel, has expanded its autonomous vehicle testing program to New York City as part of its strategy to develop and deploy the technology. New York City joins a number of other cities, including Detroit, Paris, Shanghai and Tokyo, where Mobileye has either launched testing or plans to this year. Mobileye launched… Continue reading Intel’s Mobileye takes its autonomous vehicle testing program to New York City
Volvo targets range of 621 miles for EVs by 2030
Volvo has announced it is partnering with Swedish battery manufacturer Northvolt to develop ultra energy-dense lithium-ion battery packs for its next generation of models. The improvements will be seen in what the company calls its ‘second generation’ of electric cars, which will open with the launch of the next XC90. It will be built on… Continue reading Volvo targets range of 621 miles for EVs by 2030