Tag: Geely

EV company Lordstown completes $230 million sale of its Ohio factory to Foxconn

Struggling EV company Lordstown completed the sale of its Ohio factory to Foxconn, the Taiwanese company that assembles Apple’s iPhone. The factory, which sold for $230 million, will now become the site of a joint venture between the two companies. The deal was originally set to close last month, but Lordstown kept pushing back the… Continue reading EV company Lordstown completes $230 million sale of its Ohio factory to Foxconn

German Handelsblatt: General meeting: “Blackberry of the automotive industry”: BMW investors demand end date for combustion engines004293

Oliver Zipse at the BMW Annual General Meeting The CEO wants to stick to his strategy. (Photo: BMW) Less than a decade ago, BMW was still considered a great pioneer in terms of electromobility in this country. In fact, in 2013, with the i3, the Munich-based company was the first German vehicle manufacturer to put… Continue reading German Handelsblatt: General meeting: “Blackberry of the automotive industry”: BMW investors demand end date for combustion engines004293

@Geely: Wed 11 May 2022Mark Stringer appointed Commercial Director, Lotus Engineering consultancy 1 | 2 | 0 Lotus has announced the appointme…

Mark leads strategic planning and delivery of external Lotus Engineering consultancy projects  More than 20 years of front-line leadership experience across wide range of engineering disciplines Priorities include commercialising Lotus’ four proprietary high-performance architectures to grow whole-vehicle engineering business Fresh focus on advanced technologies in design and concept engineering, control systems, product attributes and propulsion… Continue reading @Geely: Wed 11 May 2022Mark Stringer appointed Commercial Director, Lotus Engineering consultancy 1 | 2 | 0 Lotus has announced the appointme…

@Geely: Geely Automobile Holdings to Acquire 34.02% of the Shares of Renault Korea Motors

Geely Automobile Holdings (Geely Auto, stock code on SEHK: 0175) and Renault Group have reached an agreement into which Geely Auto will subscribe for 34.02% of the shares in Renault Korea Motors (RKM) through a capital increase mechanism. The deal will be subject to the approvals by relevant authorities. This will enhance the collaboration between… Continue reading @Geely: Geely Automobile Holdings to Acquire 34.02% of the Shares of Renault Korea Motors

@Renault: RENAULT GROUP: Geely Automobile Holdings to acquire 34.02% of the shares of Renault Korea Motors000377

Geely Automobile Holdings to acquire 34.02% of the shares of Renault Korea Motors Geely Automobile Holdings (Geely Auto, stock code on SEHK: 0175) and Renault Group have reached an agreement into which Geely Auto will subscribe for 34.02% of the shares in Renault Korea Motors (RKM) through a capital increase mechanism. The deal will be… Continue reading @Renault: RENAULT GROUP: Geely Automobile Holdings to acquire 34.02% of the shares of Renault Korea Motors000377

Renault to sell 34% of its Korea unit to China’s Geely for $207m …

Renault will sell just over a third of its Korea unit to China’s Geely Automobile Holdings for 264 billion won ($207 million) as the French automaker looks to shore up sales in its home market and focuses on its electric business. The deal also comes months after Geely and Renault announced a partnership to develop a lineup of… Continue reading Renault to sell 34% of its Korea unit to China’s Geely for $207m …

@Geely: Kandi Technologies Reports First Quarter 2022 Financial Results

– Revenue of $24.9 million, up nearly 56% year-over-year- Off-road vehicles and lithium-ion cells were primary revenue contributors- Quarter-end cash balance1 of $229.2 million JINHUA, China, May 09, 2022 (GLOBE NEWSWIRE) — Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”) (NASDAQ GS: KNDI), today announced its financial results for the first quarter of 2022.… Continue reading @Geely: Kandi Technologies Reports First Quarter 2022 Financial Results

Geely-Proton: READ MORE000038

6 May 2022 CHIP SUPPLY ISSUES DAMPEN PROTON SALES IN APRIL – 8,839 units sold in April ranks second in national sales table- Three models lead their segment as export volume increases Subang Jaya, 6 May 2022 – The second quarter of the year has started off with a challenging month for national car maker… Continue reading Geely-Proton: READ MORE000038

German Handelsblatt: Software: Operating systems for cars: Daimler Truck joins Apex AI004264

Autonomous driving The digitization of cars, such as assistance systems or self-driving technology, requires operating software that, similar to computers or smartphones, enables functions and applications to be carried out quickly, efficiently and safely. (Photo: BOSCH) Daimler Truck takes a “strategic minority stake” in Apex AI. This was announced by the German-American start-up, which already… Continue reading German Handelsblatt: Software: Operating systems for cars: Daimler Truck joins Apex AI004264