Volvo plans to sell only electric cars by 2030 in the latest move by a legacy carmaker to abandon fossil fuels that contribute to global heating. The Swedish carmaker also said it would only sell its electric cars direct to consumers online, in a blow to the traditional model of selling vehicles via independent dealerships.… Continue reading Volvo says it will make only electric cars by 2030
Tag: Strategy
German Manager Magazin: Sixt: Erich Sixt gives leadership to Alexander and Konstantin Sixt from000620
Generation change at the top of Germany’s largest car rental company: CEO and major shareholder Erich Sixt (76) hands over the helm to his sons Alexander and Konstantin. After the annual general meeting on June 16, shortly before his 77th birthday, Erich Sixt is leaving the management board and will then take over the chairmanship… Continue reading German Manager Magazin: Sixt: Erich Sixt gives leadership to Alexander and Konstantin Sixt from000620
German Manager Magazin: Electric car: Volvo will be a purely electric car brand from 2030, e-cars will only be sold online000619
The previous big electric announcements often came from brands whose sales figures were comparatively low – and for whom switching to battery-only electric drives should therefore be a little easier. Now, with the Swedish-Chinese luxury car maker Volvo (vehicle sales 2020: 705,452 cars, annual profit in the Corona year: 770 million euros), a significantly larger… Continue reading German Manager Magazin: Electric car: Volvo will be a purely electric car brand from 2030, e-cars will only be sold online000619
@niche: Workhorse: Back to the Drawing Board000577
TipRanks Goldman Sachs Predicts Over 50% Rally for These 2 Stocks Stocks started this year with heft gains, edged back last week, and now are rising again. The big tech giants led the moves, with volatility in Apple and Amazon leading the NASDAQ on its gyrations. The strategy team at investment bank Goldman Sachs have… Continue reading @niche: Workhorse: Back to the Drawing Board000577
WiTricity Raises Additional $18M in Funding
WiTricity, a Watertown, MA-based EV wireless charging company, raised an additional $18m in funding. The round added to its previously announced $34m funding led by Stage 1 Ventures with participation from Air Waves Wireless Electricity and a strategic investment by Mitsubishi Corporation through its U.S. subsidiary, Mitsubishi Corporation (Americas). The extension included investments from Tony Fadell’s Future Shape… Continue reading WiTricity Raises Additional $18M in Funding
Hyundai breaks ground on first overseas fuel cell system plant in Guangzhou
HTWO Guangzhou, which will open in the second half of 2022, will initially produce 6,500 fuel cell systems per year. Hyundai Motor Group has announced it held a virtual groundbreaking ceremony for HTWO Guangzhou, the Group’s first fuel cell system facility outside of Korea. The investment advances the Group’s global hydrogen leadership and supports its… Continue reading Hyundai breaks ground on first overseas fuel cell system plant in Guangzhou
Sep 12, 2018, 11:59 ETDeepBlue Technology and Luxembourg LHoFT Set Up Joint AI Labs to Become The World Leaders in the AI industryDeepBlue Technology,…
DeepBlue Technology and Luxembourg SnT have signed an agreement to open three joint laboratories in Luxembourg that will focus on the research and development of Artificial Intelligence applications. DeepBlue will cooperate with PwC, KPMG, Farvest and Talindus to push its expansion into the European market. SHANGHAI, Sept. 12, 2018 /PRNewswire/ — DeepBlue Technology, China’s leader in… Continue reading Sep 12, 2018, 11:59 ETDeepBlue Technology and Luxembourg LHoFT Set Up Joint AI Labs to Become The World Leaders in the AI industryDeepBlue Technology,…
Jul 20, 2018, 09:49 ETDeepBlue Technology to Attend the 10th BRICS Summit to Showcase Latest AI ProductsDeepBlue Technology, a Chinese technology unic…
SHANGHAI, July 20, 2018 /PRNewswire/ — DeepBlue Technology, a Chinese technology unicorn firm, will attend the 10th BRICS Summit as one of the frontrunners of the AI field. The event will be held from July 25th to 27th in Johannesburg, South Africa. The summit will bring together dignitaries from Brazil, Russia, India, China, and South Africa As one… Continue reading Jul 20, 2018, 09:49 ETDeepBlue Technology to Attend the 10th BRICS Summit to Showcase Latest AI ProductsDeepBlue Technology, a Chinese technology unic…
Jul 23, 2020, 09:00 ETBeep And Local Motors Announce Strategic Partnership To Broadly Deploy Autonomous, Electric ShuttlesBeep, a Florida-based autono…
ORLANDO, Fla., July 23, 2020 /PRNewswire/ — Beep, a Florida-based autonomous Mobility-as-a-Service (MaaS) provider and Local Motors by LM Industries, the world’s first and only digital vehicle manufacturer, today announced a strategic partnership and new reseller agreement. The collaborative agreement is intended to significantly expand the number of AV shuttles on both public and private… Continue reading Jul 23, 2020, 09:00 ETBeep And Local Motors Announce Strategic Partnership To Broadly Deploy Autonomous, Electric ShuttlesBeep, a Florida-based autono…
@Hyundai: Hyundai Motor Group Breaks Ground on First Overseas Fuel Cell System Plant in Guangzhou
• The Group’s first overseas fuel cell system facility, HTWO Guangzhou, breaks ground today• Guangdong Province secretary Li Xi, Guangdong Province Governor Ma Xing Rui and Hyundai Motor Group Chairman Euisun Chung attended the virtual groundbreaking ceremony• HTWO Guangzhou will initially produce 6,500 fuel cell systems per year and aims to gradually increase capacity in… Continue reading @Hyundai: Hyundai Motor Group Breaks Ground on First Overseas Fuel Cell System Plant in Guangzhou