Bloomberg A Crypto Kid Had a $23,000-a-Month Condo. Then the Feds Came (Bloomberg) — Stefan Qin was just 19 when he claimed to have the secret to cryptocurrency trading.Buoyed with youthful confidence, Qin, a self-proclaimed math prodigy from Australia, dropped out of college in 2016 to start a hedge fund in New York he called… Continue reading NIO Inc. (NIO) Stock Sinks As Market Gains: What You Should Know
Tag: Strategy
The CEOs of 3 top battery startups reveal how they plan to attack a booming market dominated by incumbents
Gene Berdichevsky, CEO of Sila Nanotechnologies Sila Nanotechnologies Everyone but Gene Berdichevsky, was probably shocked when he dropped out of Stanford to go work at Tesla in 2004, becoming just the seventh person to join the team. But the then-20-year-old didn’t care if he had to clean the bathrooms at the new company, he had… Continue reading The CEOs of 3 top battery startups reveal how they plan to attack a booming market dominated by incumbents
A top VC explains how Rivian can target a $50 billion IPO valuation, 35 times bigger than Tesla’s 2010 debut (TSLA)
Tesla’s success and pro-EV regulations could help Rivian target a $50 billion IPO valuation. The young startup has advantages over some EV companies that went public in 2020, a top VC says. They include experience, big-name backers, and a smart strategy. Visit the Business section of Insider for more stories. Rivian is looking to follow… Continue reading A top VC explains how Rivian can target a $50 billion IPO valuation, 35 times bigger than Tesla’s 2010 debut (TSLA)
@Hyundai: How Hyundai Motorsport combines performance and sustainability
Hyundai is using motorsport as a testing ground for new technologies New Veloster N ETCR and i20 N Rally2 racing models are based on road-going Hyundai cars to illustrate technology transfer for the digital age By building an all-electric race car like the Veloster N ETCR, Hyundai proves that high-performance EVs are possible 12 February… Continue reading @Hyundai: How Hyundai Motorsport combines performance and sustainability
Volvo Cars to promote Jyoti Malhotra as MD for India operations
During his previous stints, Malhotra has worked with Fiat India, Maruti Suzuki, and most recently with Mahindra & Mahindra (M&M) as vice president sales. New Delhi: Swedish luxury car maker Volvo Cars is to promote Jyoti Malhotra as managing director of its Indian operations from his current role as director, sales, marketing and PR. Malhotra… Continue reading Volvo Cars to promote Jyoti Malhotra as MD for India operations
@niche: Xos Trucks Partners with Thompson Truck Centers, Secures Truck Order000537
LOS ANGELES, Feb. 11, 2021 (GLOBE NEWSWIRE) — Xos Trucks, Inc., a leading manufacturer of fully electric commercial vehicles, is pleased to announce it has partnered with Thompson Truck Centers to help get more electric vehicles on the road, faster.The partnership includes a purchase order from Thompson Truck Centers, a subsidiary of Thompson Machinery, headquartered… Continue reading @niche: Xos Trucks Partners with Thompson Truck Centers, Secures Truck Order000537
Broad range of Bosch cabin filters for electric vehicles
The Automotive Aftermarket division (AA) provides the aftermarket and repair shops worldwide with modern diagnostic and repair shop equipment and a wide range of spare parts – from new and exchange parts to repair solutions – for passenger cars and commercial vehicles. Its product portfolio includes products made as Bosch original equipment, as well as… Continue reading Broad range of Bosch cabin filters for electric vehicles
Navistar Acquires Second Property In San Antonio Ahead Of Plant Launch In 2022
The expansion in Texas is part of Navistar 4.0, the company’s enterprise-wide growth strategy. Navistar’s under-construction 900,000-square-foot plant in San Antonio will produce Class 6-8 vehicles, including new electric-powered trucks. The additional property will bring resources closer to manufacturing operations. “We’re increasing our investment in San Antonio because local and state leaders have created a business… Continue reading Navistar Acquires Second Property In San Antonio Ahead Of Plant Launch In 2022
Biden team pledges aggressive steps to address chip shortage
The Biden administration is working to address the global semiconductor shortage that has caused production halts in U.S. industries including autos, White House Press Secretary Jen Psaki said. The administration is identifying choke points in supply chains and discussing an immediate path forward with businesses and trading partners, Psaki told reporters at the White House… Continue reading Biden team pledges aggressive steps to address chip shortage
Cazoo acquires reconditioning company Smart Fleet Solutions
Cazoo has acquired Smart Fleet Solutions (SFS), an independent vehicle reconditioning and storage specialists, for an undisclosed sum. SFS has a team of over 500 staff operating from four vehicle refurbishment facilities across 110 acres in Nottinghamshire, Staffordshire, Wiltshire and Scotland, processing over 100,000 vehicles annually with storage for more than 20,000 vehicles. This deal… Continue reading Cazoo acquires reconditioning company Smart Fleet Solutions