Tag: Geely

Geely & Caocao Chuxing: robot taxis from 2021

Another start-up from China is planning to launch the robot taxi service commercially: Caocao Chuxing. AutoX has just started its robot taxi service in Shanghai. The start-up WeRide wants to start next year and Pony.ai wants to be ready for the market in five years. These startups are not the only ones and most are… Continue reading Geely & Caocao Chuxing: robot taxis from 2021

@Geely: Kandi Technologies Reports Full Year 2019 Financial Results

–    Full Year Revenues of $135.7 m, up 20.7% yoy–    Full Year Off-road Vehicles Sales of $22.7 m, up 70.5% yoy–    Full Year Operating Income of $0.9 m, compared with operating loss of $1.6m in 2018JINHUA, CHINA, April 28, 2020 (GLOBE NEWSWIRE) — Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”) (NASDAQ GS: KNDI),… Continue reading @Geely: Kandi Technologies Reports Full Year 2019 Financial Results

Press Releases – Motor vehicle taxation brings in €440.4 billion for governments in major European markets

Brussels, 28 April 2020 – New data shows that motor vehicles generate more than €440 billion in taxation for national governments in the major EU markets plus the UK, the European Automobile Manufacturers’ Association (ACEA) reports. Motor tax revenues collected by governments have increased by almost 3% compared to the previous year, and the grand… Continue reading Press Releases – Motor vehicle taxation brings in €440.4 billion for governments in major European markets

UPDATE 3-Europe restarts car factories amid uncertain demand

FRANKFURT (Reuters) – German carmaking giant Volkswagen (VOWG_p.DE) resumed production at its biggest factory on Monday as part of a broader industry drive to get back to work in Europe, where the coronavirus pandemic has hammered demand and pushed up inventory levels. Encouraged by a fall in infection rates, Germany has eased lockdown rules and… Continue reading UPDATE 3-Europe restarts car factories amid uncertain demand

Great Wall swings to first-quarter net loss due to virus after 13.6% profit drop in 2019

FILE PHOTO: A Haval H6 Coupe from Great Wall Motors is displayed at Shanghai Auto Show during its media day, in Shanghai, China April 19, 2017. REUTERS/Aly Song BEIJING (Reuters) – China’s Great Wall Motor Co Ltd (601633.SS), (2333.HK) said on Friday it had swung to net loss in the first quarter this year after… Continue reading Great Wall swings to first-quarter net loss due to virus after 13.6% profit drop in 2019

Veoneer: Financial Report January – March 2020

STOCKHOLM, April 24, 2020 /PRNewswire/ — Financial Summary – Q1’20 Underlying financial results better than expected, due to our Market Adjustment Initiatives (MAI) Net Sales $362 million Net Sales decline 27% including Organic Sales1 decline 15%, 9pp better than the global LVP Active Safety Net Sales decline 15% including Organic Sales decline of 13% Operating… Continue reading Veoneer: Financial Report January – March 2020

@Daimler: 23. Apr 2020Preliminary results for the first quarter 2020 and outlook for the financial year 2020

April 23, 2020 – As a result of the COVID-19 pandemic, market expectations for Daimler’s first quarter 2020 appear to show a large degree of variation. Against this background Daimler announces the following: Preliminary figures for the first quarter 2020 are in line with our earlier communicated trend Daimler Group EBIT: 617mn EUR (Q1-19: 2,798mn… Continue reading @Daimler: 23. Apr 2020Preliminary results for the first quarter 2020 and outlook for the financial year 2020

Sweden’s Volvo hit by cancelled orders as pandemic creates ‘new normal’

STOCKHOLM (Reuters) – Sweden’s AB Volvo (VOLVb.ST) on Thursday warned of stalling truck orders and a challenging adjustment to a “new normal” of feebler demand after reporting a smaller-than-expected fall in quarterly operating earnings helped by service sales. FILE PHOTO: The logo of Swedish truck maker Volvo is pictured at the IAA truck show in… Continue reading Sweden’s Volvo hit by cancelled orders as pandemic creates ‘new normal’