11 M BY MARK KANE Contemporary Amperex Technology Ltd. (CATL), one of the biggest manufacturers of lithium-ion batteries for vehicles, would like to raise 13.1 billion yuan ($2 billion) by selling a 10% stake, at a valuation of about $20 billion. However, according to Bloomberg, after profitability weakened, the company is valuated at just $8.5… Continue reading World’s Largest Battery Maker Seeks $2 Billion In IPO, But Will Raise Only $850 Million?
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Tesla Model 3 drives 606 miles on a single charge in hypermiling record
It only took 32 hours of continuous driving in sweltering temperatures, but two Colorado residents have set a new “hypermiling” record by driving their Tesla Model 3 606.2 miles (975 km) on a single charge. It beat a previous record of 560 miles from a Tesla Model S P100D, but it fell slightly short of… Continue reading Tesla Model 3 drives 606 miles on a single charge in hypermiling record
Fisker’s comeback powered by new battery
“We are going to see a huge disruption in mobility. We will see a large amount of new type of vehicles emerge, which will make 20 or 30, or 40 percent of our time more efficient”Henrik Fisker Automotive design maven Henrik Fisker’s new venture might be less about the automobile than the technology that will… Continue reading Fisker’s comeback powered by new battery
Car manufacturer: Works council and management of Opel agree on restructuring package
Opel The refurbishment concept for the car manufacturer stands. (Photo: AP) Hamburg works council and management of Opel have agreed on the reorganization of the loss-making car manufacturer. As part of the compromise agreed on Tuesday, the French parent company PSA says Peugeot Citroën Investments in new models and the utilization of the works too.… Continue reading Car manufacturer: Works council and management of Opel agree on restructuring package
Fiat Chrysler investors want electric road map in CEO’s swan song
MILAN/LONDON (Reuters) – Fiat Chrysler (FCA) (FCHA.MI) boss Sergio Marchionne is expected to outline new plans for electric and hybrid cars in a strategy presentation on Friday, aiming to ensure the world’s seventh-largest carmaker remains in the race in the absence of a merger. FILE PHOTO: FCA CEO Sergio Marchionne addresses the media during a… Continue reading Fiat Chrysler investors want electric road map in CEO’s swan song
What makes major shareholder Hastor ?: Chinese are officially reaching auto supplier Grammer
All articles and backgrounds 05/29/2018 What makes major shareholder Hastor? Chinese Ningbo Jifeng wants auto supplier Grammer entirely DPA Production of car seats at car supplier Grammer in Kümmersbruck (Bavaria) Automotive supplier Grammer is about to be taken over by Chinese major shareholder Ningbo Jifeng. The Chinese have now officially submitted an offer to Grammer… Continue reading What makes major shareholder Hastor ?: Chinese are officially reaching auto supplier Grammer
Vehicle rental defies Zeitgeist: Sixt boss thinks electric cars are “serious political mistakes”
All articles and backgrounds 05/29/2018 Vehicle rental company defies zeitgeist Sixt boss considers electric cars “serious political mistake” DPA CEO of Sixt AG, Erich Sixt Erich Sixt rumbles again against electric cars, “I do not believe in e-cars, that’s politically a serious mistake,” said the boss and major shareholder of Germany’s largest car rental company… Continue reading Vehicle rental defies Zeitgeist: Sixt boss thinks electric cars are “serious political mistakes”
Sixt multiplies its quarterly profit by eight from the sale of its share in DriveNow
Posted 05/29/2018 11:04:10 PM PULLACH (GERMANY), May 29 (EUROPA PRESS) – The rental company of vehicles and mobility services Sixt recorded a consolidated profit of 214.6 million euros in the first quarter of the current year, which means multiplying by more than eight the figures recorded in the previous year. The German company explained that… Continue reading Sixt multiplies its quarterly profit by eight from the sale of its share in DriveNow
Hendy Group acquires used car outlet in Portsmouth
Hendy Group is set to expand its used vehicle business with the acquisition of the Unbeatablecar Portsmouth outlet for an undisclosed sum. Hendy already operates Ford, Honda, Kia and commercial vehicle businesses in the city. The new site will be rebranded and open for business as Hendy Car and Van Store on 1 July. The site… Continue reading Hendy Group acquires used car outlet in Portsmouth
Hendy Group acquires Portsmouth’s Unbeatablecar used car supermarket
Hendy Group has announced the acquisition and opening of a new used car and van store in Portsmouth as part of an ongoing expansion which is set to drive a countinued rise in annual turnover.