Volkswagen to invest just under €1 billion to set up a battery cell production facility with a partner. Volkswagen announced today that the Supervisory Board and Board of Management approved the plan to build a battery plant in Lower Saxony (Salzgitter), Germany. The planned investment will be just under €1 billion ($1.12 billion), which sounds… Continue reading VW Approves Big Investment In Battery Cell Factory
Tag: Strategy
3D LiDAR company Cepton brings Velodyne’s CFO on board – Green Car Congress
Cepton Technologies, Inc., a provider of 3D LiDAR solutions for automotive, IoT, industrial, security and mapping applications, announced the appointment of Bob Brown as Chief Financial Officer (CFO). Reporting to Dr. Jun Pei, Cepton’s co-founder and CEO, Brown will be responsible for managing all financial operations within the organization, and driving the company’s continued leadership… Continue reading 3D LiDAR company Cepton brings Velodyne’s CFO on board – Green Car Congress
Supervisory Board and Board of Management take important decisions for future of Volkswagen Group
The Supervisory Board and Board of Management of Volkswagen AG took important decisions for the future of the Volkswagen Group today. As part of its electrification offensive the Volkswagen Group is to move forward with setting up a battery cell production facility in Europe under a partnership. To that end, the Supervisory Board approved investments… Continue reading Supervisory Board and Board of Management take important decisions for future of Volkswagen Group
Xometry Raises $50M in Equity Funding
Xometry, a Gaithersburg, MD-based on-demand manufacturing marketplace, raised $50M in equity funding. The round, which brought total funding raised to date to $113m, was led by Greenspring Associates, with participation from Dell Technologies Capital and previous venture and strategic investors BMW i Ventures, Foundry Group, GE Ventures, Highland Capital Partners, Maryland Venture Fund and Almaz… Continue reading Xometry Raises $50M in Equity Funding
Daimler Financial Services establishes new division on its Board of Management: “Digital and Mobility Solutions”
FARMINGTON HILLS, Mich., May 13, 2019 /PRNewswire/ — Jörg Lamparter, Head of Mobility Services, to become Daimler Financial Services AG Board Member, leading newly created Digital and Mobility Solutions division, effective June 1, 2019 Benedikt Schell, currently Chief Experience Officer (CXO) on the Board of Management for Daimler Financial Services AG, moving to the position… Continue reading Daimler Financial Services establishes new division on its Board of Management: “Digital and Mobility Solutions”
Opel/Vauxhall Present Grandland X Hybrid4 PHEV
With a 13.2 kWh battery it will go up to 50 km (31 miles) under the WLTP test cycle Opel, together with its British brand Vauxhall, is introducing a plug-in hybrid version of the Grandland X crossover, which will be available for sale in the coming weeks with first deliveries planned in early 2020. The… Continue reading Opel/Vauxhall Present Grandland X Hybrid4 PHEV
“Ambition2039”: Our path to sustainable mobility
Over the next 20 years, Mercedes-Benz Cars aims to have a carbon-neutral new passenger car fleet and aims to have plug-in hybrids or all-electric vehicles to make up more than 50% of its car sales by 2030. Focus on the customer: The electric offensive offers customers attractive products and access to convenient, user-friendly services. Important… Continue reading “Ambition2039”: Our path to sustainable mobility
Events – Leading the mobility transformation: The future of the EU auto industry
Make sure to mark Wednesday 4 September in your calendar for the ‘Leading the mobility transformation: The future of the EU auto industry’ ACEA Summit in Brussels! The automobile industry is one of the EU’s key strategic sectors, acting as an engine of employment, innovation and growth, while also keeping Europe and its citizens on… Continue reading Events – Leading the mobility transformation: The future of the EU auto industry
All Charged Up: Opel Grandland X All-Wheel Drive Plug-In Hybrid
300hp and AWD: New Grandland X Hybrid4 version tops Opel’s SUV family Four driving modes: Fully electric, hybrid, AWD and sport Convenient: Lithium ion battery fully charged in as little as one hour 50 minutes Efficient: Regenerative braking converts deceleration to electrical energy Opel goes electric: Entire product portfolio electrified by 2024 Rüsselsheim. Opel goes… Continue reading All Charged Up: Opel Grandland X All-Wheel Drive Plug-In Hybrid
Car manufacturer: Volkswagen wants to conquer the market for e-mobility
VW electric car ID.3 The Tesla competitor of Volkswagen will be delivered from summer 2020. (Photo: AP) DusseldorfVolkswagen is the largest automaker in the world, nearly eleven million vehicles ran off the belts last year. In view of such quantities worthwhile technical developments in Wolfsburg, which have to think twice smaller automakers twice. This is… Continue reading Car manufacturer: Volkswagen wants to conquer the market for e-mobility