Battery manufacturer: Daimler supplier Akasol plans IPO in June

FrankfurtThe Darmstadt-based battery system provider Akasol plans to go public in June. This was announced by the company on Tuesday. According to insiders, shares worth 100 to 125 million euros are to be sold to investors. In the IPO Akasol should be valued at 400 to 500 million euros. Akasol’s majority shareholder Sven Schulz wants… Continue reading Battery manufacturer: Daimler supplier Akasol plans IPO in June

Takeover: Webasto invests in charging solutions

By taking over the business unit Charging Stations at AeroVironment, the supplier is strengthening its long-term e-mobility strategy. The Webasto Group has the planned, strategic takeover of the Efficient Energy Systems (EES) business unit of AeroVironment. Again supplierannounced on Tuesday, the purchase price is about 35 million US dollars. With the acquisition of all EES… Continue reading Takeover: Webasto invests in charging solutions

Continental Calls for Road Traffic’s “Vision Zero” to also Apply to Data Traffic

Data protection deficiencies: Continental prohibits use of WhatsApp and Snapchat with immediate effect Technology company considers it the duty of IT companies to ensure that data protection is a core component of software Continental’s CEO Dr. Degenhart: “Security, protection and frugality when it comes to handling data are core principles in the development of products… Continue reading Continental Calls for Road Traffic’s “Vision Zero” to also Apply to Data Traffic

Ride-hailing firm Grab launches new venture to back startups in Southeast Asia

Grab, the ride-hailing firm that acquired Uber’s Southeast Asia business, is aiming to catalyze the early-stage startup scene in Southeast Asia after it launched an accelerator and investment unit called Grab Ventures. The six-year-old company has already made investments and acquisitions — backing startups like Drive.ai and buying Indonesia’s Kudo and India-based iKaaz — and Grab… Continue reading Ride-hailing firm Grab launches new venture to back startups in Southeast Asia

Grab Launches Grab Ventures To Boost Southeast Asia’s Tech Ecosystem

Singapore, 5 June 2018 – Grab Inc., Southeast Asia’s leading online-to-offline (O2O) mobile platform, today announced the launch of Grab Ventures, the company’s innovation arm aimed at discovering and growing Southeast Asia’s next generation of technology leaders, to promote innovation and digitisation in the region. Grab Ventures will work with private sector firms and government… Continue reading Grab Launches Grab Ventures To Boost Southeast Asia’s Tech Ecosystem

Internal documents reveal Tesla is blowing through an insane amount of raw material and cash to make Model 3s, and production is still a nightmare (TSLA)

Tesla is wasting a jaw-dropping amount of raw material and cash to make the Model 3. According to internal documents viewed by Business Insider, the company expects that as much as 40% of the raw materials used to produce batteries and driving units manufactured at Tesla’s Nevada Gigafactory need to be scrapped or reworked by… Continue reading Internal documents reveal Tesla is blowing through an insane amount of raw material and cash to make Model 3s, and production is still a nightmare (TSLA)

SF Motors invests $160 million to build all-electric SUVs at former Hummer factory

SF Motors is moving ahead with its plan to build electric vehicles at the former Hummer factory in Indiana. This week, the startup is taking over the plant and it announced $160 million in investments to build all-electric SUVs at the factory. Home Solar Power It has been an exciting year for SF Motors, which… Continue reading SF Motors invests $160 million to build all-electric SUVs at former Hummer factory

THE ART AND SCIENCE OF FINDING THE RIGHT PARTNERS IN TODAY’S NEW MOBILITY WORLD

Call them what you want: young companies, start-ups, disruptors, or – as we do in the automotive industry –“new entrants.” Regardless of how you refer to them, the concept behind these new mobility players is the same: they have a revolutionary idea about changing the way we think about personal mobility. Some of them want… Continue reading THE ART AND SCIENCE OF FINDING THE RIGHT PARTNERS IN TODAY’S NEW MOBILITY WORLD

Apple CarPlay will soon let you use Google Maps, Waze, and other third-party maps

Starting in iOS 12 later this year, Apple’s CarPlay will no longer force you to use Apple Maps to get directions. Instead, you’ll be able to use navigation from any third-party app, like Google Maps, Waze, or whatever your mapping app of choice is. CarPlay already supported third-party apps in other scenarios, however mapping has… Continue reading Apple CarPlay will soon let you use Google Maps, Waze, and other third-party maps

Groupe PSA Position on Its Activities in Iran

RUEIL-MALMAISON, France–(BUSINESS WIRE)–Regulatory News: After signature of the JCPOA1 on July 14th, 2015 and the lifting of international sanctions against Iran on January 16th, 2016, Groupe PSA (Paris:UG) signed joint venture agreements with Iran Khodro on June 21th, 2016 and Saipa on October 6th, 2016. The purpose of these JVs, which are fully compliant with… Continue reading Groupe PSA Position on Its Activities in Iran