The government is pumping nearly £40m into improving the infrastructure for electric vehicles despite a sharp drop in hybrid car sales after state-funded grants were axed. The Department for Transport will invest in UK engineering to “transform” the network of electric charge points. Sales of plug-in hybrid vehicles slumped by 50.4% in June after the… Continue reading Electric car network gets boost despite sales drop
Tag: Strategy
Ridecell expands funding round for autonomous ride-hailing platform to $60 million – VentureBeat
Car-sharing, ride-sharing, and ride-hailing companies have something in common: They rely on fairly sophisticated backends to keep fleets up and running on time. Ridecell, which offers one such software-as-a-service (SaaS) solution, has attracted the attention of investors like LG and Sony. The San Francisco startup today announced an extension of the $28 million Series B round… Continue reading Ridecell expands funding round for autonomous ride-hailing platform to $60 million – VentureBeat
Honda confirms proposal to cease production at its Swindon factory in 2021
Honda of the UK Manufacturing has today informed associates (employees) that plans to close its Swindon vehicle manufacturing plant, at the end of the current model’s production lifecycle, in 2021, have been confirmed. The plant currently employs circa 3,500 associates. Following a meaningful and robust consultation process, which included contributions from collective consultation groups, the… Continue reading Honda confirms proposal to cease production at its Swindon factory in 2021
Honda Advances its Global Open Innovation Initiative with New VC Partners
MOUNTAIN VIEW, Calif., Dec. 5, 2018 – Honda Innovations, the Silicon Valley arm of Honda R&D, aims to foster early-stage startup ecosystems globally with four venture capital (VC) partnerships. These VC partnerships enhance Honda Xcelerator’s tools – direct co-development and partnerships with accelerators and incubators – to support innovators at all stages. Since 2015, Honda Xcelerator… Continue reading Honda Advances its Global Open Innovation Initiative with New VC Partners
Group 1 Automotive Acquires Two BMW/MINI dealerships in New Mexico
HOUSTON, July 8, 2019 /PRNewswire/ — Group 1 Automotive, Inc. (NYSE: GPI), an international, Fortune 500 automotive retailer, today announced the expansion of its business presence in the New Mexico market with the acquisition of two BMW/MINI dealerships. The dealerships are located in Albuquerque and Santa Fe, and represent the only BMW and MINI franchises in the… Continue reading Group 1 Automotive Acquires Two BMW/MINI dealerships in New Mexico
Genesis Wants A FCEV, SUVs And BEVs To Chase Tesla
The idea is to hitch a hike on the concept that electric is luxurious. In the past, Rolls-Royce built its reputation on luxury with amazing finish and silent running – hence the phantasmagorical names of its cars. Tesla has done pretty much the same in the premium segment, but added technology and safety to the… Continue reading Genesis Wants A FCEV, SUVs And BEVs To Chase Tesla
Uber rival Bolt has closed another tranche of funding at a $1B+ valuation
Uber and Lyft going public may have put closer public scrutiny on the economics of ridesharing, but it hasn’t had a chilling effect on the level of competition in the space. In the latest development, TechCrunch has learned and confirmed that Bolt, the Estonian ride-sharing, scooter and food delivery company that operates across Europe —… Continue reading Uber rival Bolt has closed another tranche of funding at a $1B+ valuation
European Union aims to be self-sufficient in EV battery manufacturing
The EU has joined hands with manufacturers, development banks and commercial lenders to create an ecosystem to invest $113 billion for the lithium-ion battery pack production to power EVs. New Delhi: European Union is planning to become self-sufficient when it comes to battery production for the electric vehicles. The EU has already joined hands with… Continue reading European Union aims to be self-sufficient in EV battery manufacturing
Gojek secures new investment from Mitsubishi in series F round
Gojek plans to use the new funds to help scale its strategy and spur further growth in Southeast Asia. Go to Source
VW to deepen alliances with battery suppliers for electric push
LEIPZIG, Germany (Reuters) – Volkswagen (VOWG_p.DE) will create joint ventures and help finance battery production to persuade skeptical cell suppliers to back its aggressive push for mass producing electric vehicles, board member Stefan Sommer told Reuters. FILE PHOTO: The logo of Volkswagen carmaker is seen at the entrance of a showroom in Nice, France, April… Continue reading VW to deepen alliances with battery suppliers for electric push