Chinese electric vehicle maker Xiaopeng Motors has raised RMB2.2 billion (US$348 million) in a series B round led by Alibaba Group Holding Ltd., IDG Capital and Taiwanese electronics manufacturer Hon Hai Precision Industry Co., Ltd., also known as Foxconn. Jack Ma-backed Yunfeng Capital, Apoletto Asia, CICC, and existing investors GGV Capital, Matrix Partners China and Morningside Venture… Continue reading Alibaba, Foxconn, IDG Lead $348M Investment In Chinese Smart Car Maker Xiaopeng Motors
Tag: Strategy
J.D. Power Reaches Strategic Partnership with BitAuto on Digitization
SHANGHAI, Jan. 28, 2018 /PRNewswire/ — J.D. Power, the global leader in marketing data and analytics, today announced a strategic partnership with BitAuto, China’s leading consumer-facing automotive portal, to conduct joint research and develop big data and artificial intelligence. The collaboration will help leverage J.D. Power research and analytics capabilities and BitAuto’s data and technology strengths across… Continue reading J.D. Power Reaches Strategic Partnership with BitAuto on Digitization
Tesla boss Elon Musk pursues his most unlikely goal yet: a $55bn bonus
Tesla The Observer Tesla boss Elon Musk pursues his most unlikely goal yet: a $55bn bonus Some say the firm is already overvalued at $60bn. But its founder’s vision is now truly ambitious Elon Musk unveils Tesla’s forthcoming Roadster 2 sports car in California. Photograph: Reuters Racy valuations for loss-making businesses are nothing new to… Continue reading Tesla boss Elon Musk pursues his most unlikely goal yet: a $55bn bonus
Fiat Chrysler’s Marchionne Has Lessons for Ford CEO Jim Hackett
With retirement approaching, Sergio Marchionne seems determined to go out with a bang: the Fiat Chrysler Automobiles NV boss thinks operating profit will surpass that of Ford Motor Co. this year. On Thursday, Marchionne reminded analysts that’s a surprising turn of events. He’s right. It’s less than a decade since Chrysler filed for bankruptcy protection (Ford… Continue reading Fiat Chrysler’s Marchionne Has Lessons for Ford CEO Jim Hackett
Electric Robotaxis Won’t Kill Sports Cars: Porsche CEO
Porsche AG will pursue a three-pronged strategy to diversify its lineup as the German manufacturer gears up for the rollout of its first all-electric sports car next year to tackle a fundamental industry shift toward battery-powered vehicles. “There will be a triad: plug-in hybrids, emotional sports cars with combustion engines and sporty electric vehicles,” Chief… Continue reading Electric Robotaxis Won’t Kill Sports Cars: Porsche CEO
Bertrand Petipas, Audi: “WLTP will have a financial impact on fleets”
Bertrand Petipa, Head of Audi Sales, reports on the year 2017, unveils his ambitions for 2018 and gives his vision on major issues that shake the world of fleets, such as the rise of gasoline, hardening of the TVS or the implementation of the WLTP certification cycle. JA. What were Audi’s results on the fleet… Continue reading Bertrand Petipas, Audi: “WLTP will have a financial impact on fleets”
Volvo XC40 rides strong order numbers towards China launch
Volvo XC40 rides strong order numbers towards China launch Volvo Cars’ first entry into the small premium SUV segment is proving popular among car buyers, with global XC40 orders already exceeding 20,000 units. Delivery of cars to dealers started earlier this month. Following its successful introduction to European and American customers, the XC40… Continue reading Volvo XC40 rides strong order numbers towards China launch
Ford Credit Names Brian Schaaf as Chief Financial Officer
Brian Schaaf to become CFO of Ford Credit Schaaf will lead Ford Credit financial planning, analysis, accounting and capital strategy Ford Credit CFO Marion Harris to become vice president of Ford Mobility Business Group DEARBORN, Mich., Jan. 25, 2018 – Ford Motor Credit Company today named Brian Schaaf as chief financial officer and treasurer. Currently,… Continue reading Ford Credit Names Brian Schaaf as Chief Financial Officer
Gestamp signs a Joint Venture agreement with BHAP (BAIC Group) in China
1.25.2018 Gestamp, the multinational company specialized in the design, development and manufacture of highly engineered metal components for the automotive industry, reinforces its presence in China by signing a strategic Joint Venture (JV) Agreement. Gestamp has signed a JV Agreement with Beijing Hainachuan Automotive Parts Co. Ltd. (BHAP), a Chinese company specialized in auto components,… Continue reading Gestamp signs a Joint Venture agreement with BHAP (BAIC Group) in China
Ford Realigns Mobility Group; Acquiring Autonomic, TransLoc to Accelerate Growth
The Ford Mobility team is accelerating and expanding its activities in 2018 to deliver a broad suite of mobility products and services to personal vehicle owners, fleet owners and cities globally Ford is enabling an increase in speed and scale through four newly established, integrated teams that will deliver new business innovation, business scaling and… Continue reading Ford Realigns Mobility Group; Acquiring Autonomic, TransLoc to Accelerate Growth