Project BattCon is a pilot project introducing containerised battery test facilities Designed to help meet increasing demand for new UK-based battery testing to support EV supply chain and OEMs Containers will be in operation at Lotus HQ in Hethel, Norfolk, plus the new Lotus Advanced Technology Centre in Wellesbourne, West Midlands Provides fast, cost-effective and… Continue reading @Geely: Thu 19 Nov 2020Lotus Engineering launches new battery test facilities to support booming electric vehicle (EV) sectorLotus Engineering is launching a …
Tag: Geely
@Geely-Volvo: Volvo Cars “ultimate driving simulator” uses latest gaming technology to develop safer cars
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Renault-Daimler tie-up to continue despite Daimler-Geely deal, says source
By Reuters Staff 1 Min Read PARIS, Nov 17 (Reuters) – German carmaker Daimler’s plan to cooperate with China’s Geely to build a next-generation combustion engine does not mean the end of cooperation between Daimler and Renault, a source at the French company told Reuters on Tuesday. The source said that current engine projects between… Continue reading Renault-Daimler tie-up to continue despite Daimler-Geely deal, says source
German Handelsblatt: Daimler and Geely: “Horus” secret project: the Chinese will build Mercedes engines on a grand scale in future 000788
Engine production at Mercedes The DAX group Daimler and its Chinese shareholder Geely want to leverage synergies in production. (Photo: dpa) Munich, Frankfurt When Geely founder Li Shufu spectacularly secured almost ten percent of the shares in Daimler at the beginning of 2018, the reservations in Stuttgart were great. The new major shareholder from the… Continue reading German Handelsblatt: Daimler and Geely: “Horus” secret project: the Chinese will build Mercedes engines on a grand scale in future 000788
Laser focus on costs has brightened the 2021 outlook for stocks
Businesses have slashed expenses materially this year to cope with the fallout of pandemic-induced shutdowns. By Sam Unsted Corporate profits around the globe comfortably topped expectations in the third quarter, helped in no small part by cost cuts, and optimism is growing that earnings momentum will carry on in 2021 even if the bar to… Continue reading Laser focus on costs has brightened the 2021 outlook for stocks
Daimler to revamp China plant to make Actros trucks as sales surge
By Yilei Sun, Brenda Goh 3 Min Read BEIJING (Reuters) – Germany’s Daimler AG DAIGn.DE and its China commercial vehicle partner Beiqi Foton Motor Co 600166.SS plan to invest 2.75 billion yuan ($415.32 million) to build Mercedes-Benz-branded Actros heavy trucks for the first time in China, a document showed. FILE PHOTO: The Daimler logo is… Continue reading Daimler to revamp China plant to make Actros trucks as sales surge
@Geely: Kandi Technologies Announces the Closing of a Registered Direct Placement of $60 Million of Common Stock and Warrants
JINHUA, China, Nov. 12, 2020 (GLOBE NEWSWIRE) — Kandi Technologies Group, Inc. (the “Company” or “Kandi”) (NASDAQ GS: KNDI), today announced that it closed a registered direct offering of 9,404,392 units (the “Units”) of its securities at a purchase price per Unit of $6.38, generating aggregate gross proceeds to the Company of approximately $60,000,000, before… Continue reading @Geely: Kandi Technologies Announces the Closing of a Registered Direct Placement of $60 Million of Common Stock and Warrants
@Geely: Kandi Technologies Announces Entry into Agreement for Registered Direct Placement of $60 Million of Common Stock and Warrants
JINHUA, China, Nov. 10, 2020 (GLOBE NEWSWIRE) — Kandi Technologies Group, Inc. (the “Company” or “Kandi”) (NASDAQ GS: KNDI), today announced that it has entered into a securities purchase agreement with certain institutional investors for a registered direct placement of $60 million of common stock at a price of $6.38 per share. The Company will… Continue reading @Geely: Kandi Technologies Announces Entry into Agreement for Registered Direct Placement of $60 Million of Common Stock and Warrants
@Geely: New LEVC and Santander partnership to offer attractive range of finance packages in Germany
10th November 2020, Ansty LEVC (London Electric Vehicle Company) customers in Germany can now benefit from an attractive range of new finance products thanks to a partnership with global bank, Santander. The agreement sees Santander become the retail finance provider for the German market. LEVC customers now have access to a whole new suite of… Continue reading @Geely: New LEVC and Santander partnership to offer attractive range of finance packages in Germany
Inside the industry: Self-driving tech is beset with difficulties
Perhaps the most complex challenge facing the car industry today is vehicle autonomy, the path to achieving it and the motivations for doing so. To most, the end goal isn’t in question; a utopia of zero accidents is too compelling for legislators to ignore and the rewards of success (this is an industry estimated to be… Continue reading Inside the industry: Self-driving tech is beset with difficulties