Tag: Mobility

Chinese Self-Driving Truck Firm Inceptio Tech Raises $120M Round

Inceptio Technology, a Chinese autonomous truck technology and operation company, hascompleted a new round of US$120 million in equity financing. This round of financing was led by Contemporary Amperex Technology, a lithium-ion battery R&D and manufacturing company, and all existing shareholders including GLP, G7, and NIO Capital participated in the investment as well. UNLOCK DATASubscribe… Continue reading Chinese Self-Driving Truck Firm Inceptio Tech Raises $120M Round

Cruise is teaming up with Walmart for robo-delivery in Arizona

Cruise is partnering with Walmart to test out a delivery service using a fleet of autonomous and electric vehicles. The pilot project will kick off in early 2021 and take place in Scottsdale, Arizona. Cruise has yet to settle on a final number of cars it will use as part of the delivery service. The… Continue reading Cruise is teaming up with Walmart for robo-delivery in Arizona

@Geely: New LEVC and Santander partnership to offer attractive range of finance packages in Germany

10th November 2020, Ansty LEVC (London Electric Vehicle Company) customers in Germany can now benefit from an attractive range of new finance products thanks to a partnership with global bank, Santander. The agreement sees Santander become the retail finance provider for the German market. LEVC customers now have access to a whole new suite of… Continue reading @Geely: New LEVC and Santander partnership to offer attractive range of finance packages in Germany

@Nissan: A decade of EVolution with the Nissan LEAF000111

2020/11/10 Nissan debunks the myths and misconceptions of electric vehicles Highlights the evolution of mass-market electric mobility, kick-started by the LEAF in 2010 Drawing upon its heritage and the increasing popularity of EVs, Nissan releases 10 insights learned from a decade of LEAF Nissan LEAF unites advanced technology and thrilling electrified power for an engaging… Continue reading @Nissan: A decade of EVolution with the Nissan LEAF000111

Mahindra reports net profit of Rs 162 crore for Q2 FY2021, down 88%

Mumbai-headquartered automotive major Mahindra & Mahindra announced its financial results for the Q2 FY2021. The company reported consolidated revenue of Rs 11,590 crore, a growth of 6 percent YoY (Q2 FY2020: Rs 10,935 crore), profit after tax of Rs 162 crore, (-88% YoY) compared to a profit of Rs 1,355 crore reported for the same… Continue reading Mahindra reports net profit of Rs 162 crore for Q2 FY2021, down 88%

@Hyundai: HMG launches NVIDIA DRIVE ‘connected car’ infotainment and AI platform

All new models from Hyundai Motor Group brands to feature NVIDIA DRIVE platform as standard, starting from 2022 NVIDIA technology enhances new connected car operating system (ccOS) ccOS developed in-house by Hyundai Motor Group for all future models Offers perpetually updatable, software-defined in-vehicle infotainment systems and potential for a wide range of ‘connected car’ services… Continue reading @Hyundai: HMG launches NVIDIA DRIVE ‘connected car’ infotainment and AI platform

@niche: Workhorse Receives Purchase Order for 500 C-1000 All-Electric Delivery Trucks from Pritchard Companies for National Fleet Program with Inventory Finan…000271

CINCINNATI, Nov. 9, 2020 /PRNewswire/ — Workhorse Group Inc. (Nasdaq: WKHS) (“Workhorse” or the “Company”), an American technology company focused on providing sustainable and cost-effective drone-integrated electric vehicles to the last-mile delivery sector, announced today that it has received a purchase order for 500 of its all-electric C-1000 delivery vehicles from Pritchard Companies (“Pritchard”). Inventory financing will be… Continue reading @niche: Workhorse Receives Purchase Order for 500 C-1000 All-Electric Delivery Trucks from Pritchard Companies for National Fleet Program with Inventory Finan…000271

Schaeffler reports strong 3rd quarter 2020

2020-11-10 | Herzogenaurach Third-quarter revenue slightly below prior year quarter (down 2.6 percent) Third-quarter EBIT margin before special items of 9.4 percent significantly improved from first six months (1.2 percent) and ahead of prior year quarter (9.1 percent) Recovery in 3rd quarter primarily driven by the two Automotive divisions; Industrial division revenue trend improved slightly… Continue reading Schaeffler reports strong 3rd quarter 2020

Brose chalks out revival plan to enable sustained profitability

Brose will invest in innovative technologies, expand its international production network and improve cost structures as part of the Future Brose renewal program. The company has also largely concluded negotiations with the works councils in Germany on optimising the organisation and reducing headcount in a socially responsible way. “We are focusing on three key areas… Continue reading Brose chalks out revival plan to enable sustained profitability