Tag: Geely

EV startup Faraday Future seeks $1bn in backdoor Nasdaq listing

Faraday Future, a California-based electric-vehicle startup founded by fugitive Chinese tech entrepreneur Jia Yueting, is seeking to go public on the Nasdaq stock exchange and raise around $1 billion by merging with a special purpose acquisition corporation (SPAC). The troubled EV startup said Thursday that it is merging with SPAC Property Solutions and expects to… Continue reading EV startup Faraday Future seeks $1bn in backdoor Nasdaq listing

New Toyota tech unit promises world’s safest drive

By Eimi Yamamitsu 3 Min Read FILE PHOTO: The logo of Toyota carmaker is seen on a car in Nice, France, April 8, 2019. REUTERS/Eric Gaillard/File Photo TOKYO (Reuters) – Toyota Motor Corp unveiled its Woven Planet research unit at a virtual media event on Friday, promising to deliver the world’s “safest mobility” as competition… Continue reading New Toyota tech unit promises world’s safest drive

@Geely: Kandi Contracts to Sell 3,000 EVs to Rideshare Partner

Jinhua, China, Jan. 28, 2021 (GLOBE NEWSWIRE) — Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (the “Company” or “Kandi”) announced today that one of its subsidiaries, Kandi Electric Vehicles (Hainan) Co., Ltd. (Kandi Hainan) signed a contract to sell 3,000 model K23 electric cars to an operating company in its ride-sharing alliance. The cars will… Continue reading @Geely: Kandi Contracts to Sell 3,000 EVs to Rideshare Partner

Faraday Future is going public and raising $1 billion

Faraday Future is going to become a publicly traded company on the Nasdaq stock exchange and is raising around $1 billion in the process. The troubled EV startup announced Thursday that it is indeed merging with special purpose acquisition corporation (or SPAC) Property Solutions, as first reported by Bloomberg earlier this month. About $230 million… Continue reading Faraday Future is going public and raising $1 billion

@Geely: Thu 28 Jan 2021Matt Windle appointed MD Lotus CarsFollowing the news today that Phil Popham is to step down from his position at Lotus, the company co…

(Hethel, UK – 28 January 2021) – Following the news today that Phil Popham is to step down from his position at Lotus, the company confirms that Matt Windle, Executive Director, Engineering, is the newly appointed Managing Director, Lotus Cars. Welcoming Matt into his new role, Phil Popham said: “Matt is an excellent fit for… Continue reading @Geely: Thu 28 Jan 2021Matt Windle appointed MD Lotus CarsFollowing the news today that Phil Popham is to step down from his position at Lotus, the company co…

Elon Musk says Tesla’s Cybertruck engineering is done and deliveries may start this year ‘if we get lucky’ (TSLA)

Tesla’s Cybertruck could hit the road as early as this year, Tesla CEO Elon Musk said Wednesday.  On a conference call, Musk said the truck’s design is complete. “If we get lucky, we’ll be able to do a few deliveries toward the end of this year, but I expect volume production to be in 2022,”… Continue reading Elon Musk says Tesla’s Cybertruck engineering is done and deliveries may start this year ‘if we get lucky’ (TSLA)

Isuzu to source truck engines from Cummins for key models

TOKYO — Isuzu Motors will outsource diesel truck engines to Cummins, a U.S. engine supplier, in a move designed to allow the Japanese commercial vehicle maker to focus on emerging technologies, Nikkei learned on Wednesday. The arrangement begins later this year and is expected to help save tens of millions of dollars in research and… Continue reading Isuzu to source truck engines from Cummins for key models

Navistar to collaborate with GM, others on hydrogen fuel-cell commercial trucks

By Ben Klayman 4 Min Read DETROIT (Reuters) – Truck maker Navistar International Corp said on Wednesday it will collaborate with U.S. automaker General Motors Co and others to develop a hydrogen fuel-cell powered commercial truck and supporting fueling network. FILE PHOTO: A new hydrogen fuel cell truck made by Hyundai is pictured ahead of… Continue reading Navistar to collaborate with GM, others on hydrogen fuel-cell commercial trucks