Tag: Geely

Foxconn secures first EV plant in U.S. with Lordstown deal

TAIPEI — Foxconn has struck a deal to acquire its first electric vehicle manufacturing plant in North America, part of $280 million in deals with U.S. electric vehicle startup Lordstown Motors that also include a share purchase. The Taiwanese tech giant said on Friday morning it will take a roughly 4% stake in Lordstown for around… Continue reading Foxconn secures first EV plant in U.S. with Lordstown deal

Aurora shines spotlight on autonomous truck tech, strategy ahead of SPAC merger

On Interstate 45 in Texas, a billboard with “Aurora” emblazoned at the top in giant white letters offers a cryptic message: “A new way to drive is on the horizon.” It’s hard to know just how many of the thousands of drivers on this stretch of road know what that means or what Aurora is;… Continue reading Aurora shines spotlight on autonomous truck tech, strategy ahead of SPAC merger

Lordstown Motors in talks to sell its 6.2M-square-foot factory to Taiwan’s Foxconn

EV startup Lordstown Motors made headlines when it purchased a 6.2 million-square-foot factory from General Motors in 2019. Now, it looks like the strapped-for-cash startup will likely sell that facility to Taiwan’s Foxconn Technology Group. The news was first reported by Bloomberg, who said unnamed sources suggested the deal could close as early as this… Continue reading Lordstown Motors in talks to sell its 6.2M-square-foot factory to Taiwan’s Foxconn

New Geely front end carrier to use Lanxess’s innovative lightweight solution

Front end carrier made from the Durethan BKV50H2.0 EF polyamide 6 compound is part of latest-generation automatic structural parts from various carmakers. Photo: LANXESS Chinese car manufacturer Geely has selected specialty chemicals company Lanxess as supplier of choice for an innovative front end carrier (FE) structural component, which will be used in a coming passenger… Continue reading New Geely front end carrier to use Lanxess’s innovative lightweight solution

Mahindra is said to weigh electric supercar unit funding options – ETAuto.com

Mahindra could seek to value the unit at around $500 million in any deal. Mahindra & Mahindra Ltd. is weighing options to raise funds for its Automobili Pininfarina unit as it seeks to bring a delayed $2.2 million electric hypercar into production, people with knowledge of the matter said. The Indian carmaker’s considerations include a… Continue reading Mahindra is said to weigh electric supercar unit funding options – ETAuto.com

Capital Volvo Cars of Albany opens state-of-the-art, “electrified” facility at Grand Opening/Ribbon Cutting

“We (Volvo) applaud our retailers that invest in our beautiful brand and join us on our transformational journey,” Gustafsson said. “Congratulations to the entire team at Capital Volvo Cars of Albany on their investment in our collective future in one of our most important markets.” The new 19,261-SF dealership is located on approximately 4.3 acres… Continue reading Capital Volvo Cars of Albany opens state-of-the-art, “electrified” facility at Grand Opening/Ribbon Cutting

PTC and Volvo Group Announce Digital Engineering Collaboration

BOSTON, Sept. 27, 2021 /PRNewswire/ — PTC (NASDAQ: PTC) and the Volvo Group today announced plans to further increase collaboration around digital engineering. Volvo Group has decided to unify its CAD platforms, which positions PTC’s products to serve as the primary CAD and PLM solutions used in the Volvo Group for complete vehicle design. This world-class solution, which will… Continue reading PTC and Volvo Group Announce Digital Engineering Collaboration

Volvo Buses launches new global electromobility offer

GOTHENBURG, Sweden, Sept. 27, 2021 /PRNewswire/ — Volvo Buses is expanding its electromobility offer worldwide. With the launch of the new Volvo BZL Electric chassis, Volvo Buses provides a solid platform for sustainable and efficient public transport in cities around the world, along with reliable and profitable operations for customers. “We are committed to leading the… Continue reading Volvo Buses launches new global electromobility offer

Autos & Transportation · 9:01 AM UTCChina’s Geely to set up 5,000 battery swapping stations by 2025China’s Geely (GEELY.UL) aims to set up 5,000 batte…

The Geely logo is seen at a car dealership in Shanghai, China August 17, 2021. Picture taken August 17, 2021. REUTERS/Aly Song/Files BEIJING, Sept 26 (Reuters) – China’s Geely (GEELY.UL) aims to set up 5,000 battery swapping stations for electric vehicles (EV) globally by 2025, as sales grow in the world’s biggest vehicle market, the… Continue reading Autos & Transportation · 9:01 AM UTCChina’s Geely to set up 5,000 battery swapping stations by 2025China’s Geely (GEELY.UL) aims to set up 5,000 batte…