Europa Press: 1% of the cars to be sold in Europe will be fully autonomous by 2035000995

The collapse in demand due to the pandemic will delay the development of this type of vehicle beyond the middle of the next decade. MADRID, 25 Nov. (EUROPA PRESS) – Only 1% of the cars that will be sold in Europe will be fully autonomous (level 5) in 2035, as in the Chinese market, while… Continue reading Europa Press: 1% of the cars to be sold in Europe will be fully autonomous by 2035000995

Europa Press: Skoda begins serial production of the Enyaq iV, of which it will assemble up to 350 units per day000994

MLADÁ BOLESLAV (CZECH REPUBLIC), Nov. 25 (EUROPA PRESS) – The automobile firm Skoda has started serial production of its 100% electric Enyaq iV model, the brand’s first vehicle based on the Modular Electric Propulsion Platform (MEB) of the Volkswagen group and which will be assembled at its factory in Mladá Boleslav (Czech Republic) up to… Continue reading Europa Press: Skoda begins serial production of the Enyaq iV, of which it will assemble up to 350 units per day000994

German Manager Magazin: Daimler: Board of Management threatens the Untertürkheim main plant000361 in dispute with works council

Daimler’s group management around CEO Ola Källenius (51) has on Wednesday Dispute with the works council further fueled. In an internal letter to the employees, he threatened the planned competence center with an end Electromobility in the main plant in Stuttgart-Untertürkheim, if the employee representatives continued to insist on their demands. Meanwhile, truck boss Martin… Continue reading German Manager Magazin: Daimler: Board of Management threatens the Untertürkheim main plant000361 in dispute with works council

Ford Motor Co’s subsidiary Spin launches Micromobility Research Fund in UK

California-based leading micromobility companies and a subsidiary of Ford Motor Company Spin is working towards its aim to empower riders with the freedom to move safely around their community with the launch of a new 100,000 sterling pound (Rs 90 lakh) Micromobility Research Fund in the United Kingdom. As part of the initiative over the… Continue reading Ford Motor Co’s subsidiary Spin launches Micromobility Research Fund in UK

@Geely: Multi-site dealer group joins LEVC sales & servicing network in the Netherlands

25th November 2020, Ansty LEVC (London Electric Vehicle Company) has appointed a third dealer group in the Netherlands, partnering with Harrie Arendsen BV to offer sales and servicing in the Gelderland and Overijssel regions in the east of the country. Joining the recent appointments of Stern Lijnden and Mobility Centre, LEVC will now have nine full… Continue reading @Geely: Multi-site dealer group joins LEVC sales & servicing network in the Netherlands

@Hyundai: Hyundai Motor Group Joins IONITY For High-Power Charging Network

The era of high-speed charging for electric vehicles (EVs) is just around the corner. Here’s why we need such high-speed charging infrastructure – let’s find out through cooperation between IONITY, a high-speed charging infrastructure supplier, and Hyundai and Kia. The era of electric vehicles with long ranges and short charging time is coming – and… Continue reading @Hyundai: Hyundai Motor Group Joins IONITY For High-Power Charging Network

VW’s Diess talks electrification and the value of Tesla – Automotive News Europe

Volkswagen Group’s future direction is clear to its CEO, Herbert Diess: The solution is electric mobility. With its program for full-electric cars in all the main market segments, VW aims to comply with increasingly tougher global CO2 emissions regulations and also make a contribution to a greener planet. Diess, 62, talked about this, changes in… Continue reading VW’s Diess talks electrification and the value of Tesla – Automotive News Europe

@GM: GM Boosts Investment, Grows Electric Portfolio to Lead in EV Race

GM Boosts Investment, Grows Electric Portfolio to Lead in EV Race 2020-11-19 Thirty new global EV launches planned through 2025 More than $27 billion in planned EV and AV product spending to exceed GM’s gas and diesel investment By mid-decade, GM’s Ultium battery packs projected to cost 60 percent less than today’s packs with twice… Continue reading @GM: GM Boosts Investment, Grows Electric Portfolio to Lead in EV Race

India: Cars24 turns unicorn with $200m funding led by DST Global

Cars24, which offers a tech-enabled platform to customers to buy and sell pre-owned vehicles, has raised $200 million in its Series E round, taking the company’s valuation to over $1 billion. With this fund-raise, the startup joined the unicorn club, and claimed it is the only startup in the mobility sector to achieve a unicorn… Continue reading India: Cars24 turns unicorn with $200m funding led by DST Global

Cars24 raises new funds led by DST Global, valuation hits $1 billion

Online used car marketplace Cars24 has secured $200 million Series E financing led by existing investor DST Global at a post-money valuation of just over $1 billion, doubling from $500 million when it had raised $100 million financing in October last year. The financing round also catapults the company into the unicorn club, becoming the… Continue reading Cars24 raises new funds led by DST Global, valuation hits $1 billion