– 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 the energy density DETROIT, Nov. 19, 2020 /PRNewswire/ — General Motors Co. (NYSE: GM) Chairman and CEO Mary Barra… Continue reading @GM: GM Boosts Investment, Grows Electric Portfolio to Lead in EV Race November 19, 2020
Tag: Mobility
Lime touts a 2020 turnaround and 2021 profitability
Micromobility company Lime says it has moved beyond the financial hardship caused by the COVID-19 pandemic, reaching a milestone that seemed unthinkable earlier this year. In short, the company is now largely profitable. Lime said it was both operating cash flow positive and free cash flow positive in the third quarter — a first —… Continue reading Lime touts a 2020 turnaround and 2021 profitability
@VW Group: Well-balanced and sporty at the same time – the new ID.4(((ID.4 – Power consumption in kWh/100 km (NEDC): 16.9 – 16.2 (combined); CO2 emission in g/km: 0; efficiency class: A+.))) chassis
Nimble in the city, agile on country roads, relaxed on the highway: the new ID.4 from Volkswagen is an all-rounder that is effortless and easy to drive. Volkswagen has invested a great deal of know-how in the chassis of the E-SUV – in the mechanical components and the electronic control system. “The purely electrically driven… Continue reading @VW Group: Well-balanced and sporty at the same time – the new ID.4(((ID.4 – Power consumption in kWh/100 km (NEDC): 16.9 – 16.2 (combined); CO2 emission in g/km: 0; efficiency class: A+.))) chassis
@VW Group: Volkswagen engages in improving working conditions in artisanal cobalt mines in the Democratic Republic of Congo
As a responsible company, Volkswagen is actively engaging in improving artisanal cobalt mining conditions in the Democratic Republic of Congo as well as the living conditions for people in the surrounding communities. Cobalt is an important raw material for the production of electric vehicle batteries. Artisanal mining involves risks to the environment and people. Volkswagen… Continue reading @VW Group: Volkswagen engages in improving working conditions in artisanal cobalt mines in the Democratic Republic of Congo
@Toyota: Toyota Motor North America Announces Manufacturing Executive Changes
PLANO, Texas (November 19, 2020) – Toyota Motor North America (TMNA) announces executive changes to its manufacturing organization, effective January 4, 2021. David Fernandes, who currently serves as senior vice president, Manufacturing, Toyota South Africa Motors (TSAM), will become president of Toyota Motor Manufacturing, Mississippi (TMMMS). TMMMS assembles one of Toyota’s core vehicles, the Corolla.… Continue reading @Toyota: Toyota Motor North America Announces Manufacturing Executive Changes
Autonomous a2z raises US$1.9M in seed round for autonomous driving solution
Subsequently, Autonomous a2z announced that it has begun commercializing an ongoing project. It also stated that the infusion of capital is already serving as a stepping stone for future development of autonomous mobility solutions and for assuming a leading position in relevant markets. Founded in 2018, Autonomous a2z has advanced its cutting-edge technologies to test self-driving… Continue reading Autonomous a2z raises US$1.9M in seed round for autonomous driving solution
Morai Closes US$1.8M Series A Funding Round
Morai, Inc., a Seoul, South Korea-based developer of autonomous vehicle simulation systems, secured US$1.8M in Series A funding. Backers included Kakao Ventures and Korea Credit Guarantee Fund (KODIT) as well as existing investor Naver D2SF (Naver D2 Startup Factory). Led by Jiwon Jung, CEO and Co-Founder, and a member company of Born2Global Centre and Sejong Technopark, Morai delivers testing solutions… Continue reading Morai Closes US$1.8M Series A Funding Round
@Daimler: The all-electric eActros is now in the Karlsruhe region
Inapa starts practical trials of the battery-electric Mercedes-Benz eActros. 25-ton eActros supplies printers in the Karlsruhe region with paper products. Planned series production of the eActros at the Mercedes-Benz plant in Wörth am Rhein as of 2021. Stuttgart/Karlsruhe – Another practical test of the battery-electric Mercedes-Benz eActros is starting at the company Inapa Deutschland in… Continue reading @Daimler: The all-electric eActros is now in the Karlsruhe region
CTEK and EVC Sign Deal to Help Meet The Growing Demands for EV Charging in the UK
This deal will see CTEK support EVC with the roll-out of a ground-breaking new programme that will support the installation of free EV charging points to the residential and commercial sector. EVC, backed and supported by well-established renewable energy investment group Oasthouse Ventures, will install around 100,000 EV charging points across the UK, spearheading the… Continue reading CTEK and EVC Sign Deal to Help Meet The Growing Demands for EV Charging in the UK
Renault: after FO, the CFE-CGC validates the agreement on the elimination of 2,500 jobs
Posted on 19 Nov 2020 at 9:11Updated on 19 Nov 2020 at 9:19 The Renault departure plan is working. The carmaker’s union CFE-CGC announced on Thursday the signing of the agreement on the elimination of 2,500 jobs in engineering and tertiary functions of the group in France, via voluntary departures. An agreement already signed Tuesday… Continue reading Renault: after FO, the CFE-CGC validates the agreement on the elimination of 2,500 jobs