Strategy – Page 6706 – I wish I had more to offer

The hotel industry is leading the recovery, and the leading Group deserves attention

SHANGHAI, April 11, 2023 /PRNewswire/ — China’s 2023 government work report states that the country will focus on expanding domestic demand and prioritize restoring and expanding consumption. The Ministry of Commerce has declared 2023 as the “Year of Consumption Boost,” proposing ways to improve consumption conditions, create innovative consumption scenarios, cultivate a consumption atmosphere, and… Continue reading The hotel industry is leading the recovery, and the leading Group deserves attention

@Ford: Ford’s Oakville, Ontario, Complex Prepares to Build Next-Gen EVs; C$1.8 Billion Transformation Begins 2024

Ford is investing C$1.8 billion to transform Oakville (Ont.) Assembly Complex into a Canadian hub of electric vehicle manufacturing that will include vehicle and battery pack assembly; site transformation key to Ford’s plan to reach a global production run rate of 2 million EVs annually by the end of 2026 The new campus – to… Continue reading @Ford: Ford’s Oakville, Ontario, Complex Prepares to Build Next-Gen EVs; C$1.8 Billion Transformation Begins 2024

Kia starts building facility for electric purpose-built vehicle (PBV) production

– Dedicated plant for electric purpose-built vehicles (PBV) with yearly capacity of 150,000 units– The plant to mass produce battery-electric PBVs in second half of 2025– Plant to showcase flexible production by adopting smart innovations, such as efficient ‘cell method’ of manufacturing– An innovative factory that pursues low carbon footprint, intelligence, and human-centered principles– Hyundai… Continue reading Kia starts building facility for electric purpose-built vehicle (PBV) production

NWTN Announces ISO Accreditations for its KEZAD Facility in the UAE

DUBAI, UAE, April 11, 2023 /PRNewswire/ — NWTN Inc. (Nasdaq: NWTN), an eco-conscious mobility technology company bringing passenger-centric green premium mobility solutions to the world (“NWTN”), today announced that its first electric vehicle (“EV”) assembly facility located in the Khalifa Economic Zone Abu Dhabi (“KEZAD”) was successfully accredited with ISO 9001, ISO 14001, and ISO… Continue reading NWTN Announces ISO Accreditations for its KEZAD Facility in the UAE

Kamux continues to focus its operations on larger showrooms and closes its showroom in Raahe, Finland

HÄMEENLINNA, Finland, April 11, 2023 /PRNewswire/ — Kamux, a company specializing in used car sales, continues to focus its operations on larger showrooms in line with its strategy and closes its showroom in Raahe, Finland by the end of May 2023. The showroom personnel will transfer to the two Kamux showrooms in the Oulu area or… Continue reading Kamux continues to focus its operations on larger showrooms and closes its showroom in Raahe, Finland

GM Leads $50 Million Funding Round in EnergyX to Unlock U.S.-Based Lithium Supply for Rapidly Scaling EV Production

Advanced refining technology has potential to fully optimize North American lithium recovery and make EV production more affordable and sustainable AUSTIN, Texas and DETROIT, April 11, 2023 /PRNewswire/ — Energy Exploration Technologies Inc. (“EnergyX”) and General Motors Co. (NYSE: GM) today announced that GM Ventures is leading a $50 million Series B financing round in… Continue reading GM Leads $50 Million Funding Round in EnergyX to Unlock U.S.-Based Lithium Supply for Rapidly Scaling EV Production

Mahindra Racing appoints R Velusamy as Chairman

R Velusamy – Senior Vice President and head of Automotive Product Development at Mahindra & Mahindra – is taking on an additional role within the Mahindra family. Alongside his current role, he’s also been appointed Chairman of Mahindra Racing in a move that will further bridge Mahindra’s passenger vehicle and racing operations. Velusamy has been… Continue reading Mahindra Racing appoints R Velusamy as Chairman

Kia breaks ground on electric purpose-built vehicles factory

Kia held a ground-breaking ceremony today for its dedicated plant for the production of battery-electric purpose-built vehicles (PBV). Kia President and CEO Ho Sung Song, on behalf of Hyundai Motor Group, said: “Hyundai Motor, Kia, and Hyundai Mobis together plan to invest KRW 24 trillion in the domestic EV industry by 2030, with the goal… Continue reading Kia breaks ground on electric purpose-built vehicles factory