SAIC Motor Corporation Limited and Zhongyuan Asset Management Co Ltd announced on Sept 26 that they had co-established a company to conduct fund of funds (FOF) business. Approximately six billion yuan ($925 million) will be invested in the company with SAIC Capital Co Ltd appointed as FOF manager. The company was established to guide social… Continue reading SAIC Motor expands finance business with FOF founding
Tag: Strategy
SAIC pioneer HD map for intelligent driving
SAIC Motor Corporation Limited (SAIC Motor) made a further step in promoting intelligent driving by signing an agreement with Wuhan KOTEI Informatics Co Ltd to develop a high-definition (HD) map in Wuhan on Sept 28. The HD map is a key part of intelligent driving as it can provide real-time data for the decision making… Continue reading SAIC pioneer HD map for intelligent driving
(LEAD) Hyundai Motor CEO defends group’s overhaul plan amid growing opposition
(ATTN: ADDS Truston Asset Management’s view in paras 12-13) SEOUL, May 17 (Yonhap) — Hyundai Motor Co. President and Chief Executive Lee Won-hee on Thursday came forward to defend the parent conglomerate’s governance overhaul plan amid an escalating campaign of opposition by foreign investors. “We strongly urge our shareholders to give full their support to… Continue reading (LEAD) Hyundai Motor CEO defends group’s overhaul plan amid growing opposition
Press Releases – Truck industry reacts to EU proposal for first-ever CO2 standards
Brussels, 17 May 2018 – The European Automobile Manufacturers’ Association (ACEA), representing the seven major EU producers of heavy-duty vehicles, takes note of the European Commission’s proposal for CO2 emission standards for EU trucks, published today. This is one important part of a broader strategy to further decarbonise road transport – an objective to which… Continue reading Press Releases – Truck industry reacts to EU proposal for first-ever CO2 standards
Hyundai Motor CEO defends group’s overhaul plan amid growing opposition
SEOUL, May 17 (Yonhap) — Hyundai Motor Co. President and Chief Executive Lee Won-hee on Thursday came forward to defend the parent conglomerate’s governance overhaul plan amid an escalating campaign of opposition by foreign investors. “We strongly urge our shareholders to give full their support to Hyundai Motor Group’s corporate restructuring plan as it is… Continue reading Hyundai Motor CEO defends group’s overhaul plan amid growing opposition
The next generation Sprinter stands for efficient mobility.
The proven van from the brand with the star has always been a pioneer in the market. The third generation of the classic van has now been updated for the digital future. Ulf Zillig is the overall project manager for the Sprinter at Mercedes-Benz Vans. His team ensures that the new Sprinter is developed and… Continue reading The next generation Sprinter stands for efficient mobility.
First glimpse of BMW iNEXT – BMW Group previews Vision Vehicle in 2018.
Munich. At today’s Annual General Meeting, Chairman of the Board of Management of BMW AG, Harald Krüger, unveiled an initial design concept for the BMW iNEXT. The pure-electric BMW iNEXT will be built at Plant Dingolfing from 2021. The company’s new technology flagship incorporates all major strategic areas of innovation in a road-ready vehicle. Harald… Continue reading First glimpse of BMW iNEXT – BMW Group previews Vision Vehicle in 2018.
Exclusive: Intel’s Mobileye gets self-driving tech deal for 8 million cars
JERUSALEM (Reuters) – Mobileye, Intel Corp’s Israel-based autonomous driving unit, has signed a contract to supply eight million cars at a European automaker with its self-driving technologies, a company official told Reuters. A general view of a Mobileye autonomous driving test vehicle, at the Mobileye headquarters in Jerusalem, May 15, 2018. Picture taken May 15,… Continue reading Exclusive: Intel’s Mobileye gets self-driving tech deal for 8 million cars
DENSO Invests in U.S. Startup Metawave to Deliver Smart Radar for Autonomous Cars
KARIYA (Japan) ― DENSO Corporation has taken a stake in Metawave Corporation, a U.S. startup company that develops cutting-edge, millimeter-wave radar sensing technologies to detect vehicles and pedestrians. Metawave announced on May 15, 2018, it raised an additional $10 million from DENSO, Toyota AI Ventures, Hyundai Motor Company, and other strategic investors. DENSO will harness… Continue reading DENSO Invests in U.S. Startup Metawave to Deliver Smart Radar for Autonomous Cars
BMW Group R&D Center opens in Beijing. Comprehensive R&D Network enhances localized Innovation
Beijing. On May 15th 2018, the BMW China R&D Center officially opened in Beijing’s Shunyi District. As a part of BMW Group Strategy NUMBER ONE > NEXT, the center is a significant step in expanding local innovation, and taking the Group’s “In China, for China and the world” localization strategy one step further. “For us,… Continue reading BMW Group R&D Center opens in Beijing. Comprehensive R&D Network enhances localized Innovation