Tag: Geely

TCL Set Up Chips Unit To Invest In ICs; China National Semiconductor Fund Starts Deploying RMB200 Billion

TCL Technology (000100.SZ) has established a semiconductor business department to look for investment opportunities in the integrated circuit industry, said Li Dongsheng, the founder of TCL. Li Dongsheng said that TCL Technology is ready to look for opportunities in three areas in the semiconductor field. The first is semiconductor power devices. Most of the manufacturing… Continue reading TCL Set Up Chips Unit To Invest In ICs; China National Semiconductor Fund Starts Deploying RMB200 Billion

Volvo Autonomous Solutions forms Partnership with Foretellix

TEL AVIV, Israel, March 4, 2021 /PRNewswire/ — Volvo Autonomous Solutions has signed an agreement with verification experts Foretellix to jointly address the challenges of large-scale verification of autonomous driving solutions on highways and confined areas, such as mines. Volvo Autonomous Solutions has formed a partnership with Foretellix to jointly create a Coverage Driven Verification solution… Continue reading Volvo Autonomous Solutions forms Partnership with Foretellix

Tesla is losing market shares to Ford Mustang Mach-E, according to Morgan Stanley

Morgan Stanley is out with a new report stating that Tesla is losing market shares to the Ford Mustang Mach-E in the US. The firm released its February 2021 US auto sales report and they found that electric vehicle sales were up by almost 40%. Tesla still had majority market shares, but it fell compared… Continue reading Tesla is losing market shares to Ford Mustang Mach-E, according to Morgan Stanley

Air-Taxi Startup Volocopter Boosts Funds in Race to Get Flying

(Bloomberg) — Volocopter GmbH raised 200 million euros ($242 million) in additional capital, the latest move in the increasingly competitive race to be the first electric air-taxi firm to start commercial flights. The so-called Series D funding brings in new investors including toll road and airport operator Atlantia SpA, tire maker Continental AG, NTT, Avala… Continue reading Air-Taxi Startup Volocopter Boosts Funds in Race to Get Flying

China Tech Digest: SMIC Says Permit Will Ensure Production Expansion, TSMC To Begin Mass Production Of 3nm Chips In 2022

SMIC responds to the US supply permit: will do its best to ensure that production expansion is not affected In response to media reports that SMIC’s mature technology has obtained supply licenses from some American equipment manufacturers, SMIC replied on SSE e-interaction that the company will do its best to continue to work with partners… Continue reading China Tech Digest: SMIC Says Permit Will Ensure Production Expansion, TSMC To Begin Mass Production Of 3nm Chips In 2022

Volocopter Raises €200M in Series D Funding

Volocopter, a Bruchsal, Germany-based urban air mobility (UAM) company, raised a €200m Series D funding round. Backers included new investors funds managed by BlackRock, Atlantia S.p.A., Avala Capital, Continental AG, Jericho Capital, NTT via its venture capital arm, Tokyo Century, a Japanese leasing company, family offices, and existing investors Geely, Daimler, DB Schenker, Intel Capital, btov Partners,… Continue reading Volocopter Raises €200M in Series D Funding

Stellantis sees rebound in 2021, but chip shortage a worry

MILAN (Reuters) – Low global car inventories and cost cuts should boost Stellantis’s profit margins this year, though a shortage of semiconductors and investments in electric vehicles could weigh on results, the newly-formed automaker said on Wednesday. FILE PHOTO: The logo of Stellantis is seen at the main entrance of the FCA Mirafiori plant in… Continue reading Stellantis sees rebound in 2021, but chip shortage a worry

Volocopter Raises €200 Million in Series D Funding Round

Volocopter is in the final stages of providing new, sustainable mobility options for cities around the world. Their future services range from electric autonomous air taxis flying passengers directly and safely to their destinations to transporting goods with the company’s VoloDrone. Having ten years of development experience, Volocopter is a leader in the urban air… Continue reading Volocopter Raises €200 Million in Series D Funding Round

Tata Motors’ Pratap Bose among finalists for 2021 World Car Person of the Year

India’s and Tata Motors’ Pratap Bose is among the top five finalists for the 2021 World Car Person of the Year award. The five names were announced today when 93 World Car Awards (WCA) jurors from 28 countries collectively voted for the finalists by secret ballot. KMPG tabulated the vote results. To be eligible, award… Continue reading Tata Motors’ Pratap Bose among finalists for 2021 World Car Person of the Year