Tag: Geely

Truckmaker Volvo to partner with Nvidia to develop AI for driverless vehicles

STOCKHOLM (Reuters) – Sweden’s AB Volvo is joining forces with U.S. chipmaker Nvidia to develop artificial intelligence used in self-driving trucks, the companies said on Tuesday. FILE PHOTO: A Volvo logo is pictured on the stand during the 87th International Motor Show at Palexpo in Geneva, Switzerland, March 7, 2017. REUTERS/Denis Balibouse The agreement between… Continue reading Truckmaker Volvo to partner with Nvidia to develop AI for driverless vehicles

AB Volvo to partner with Nvidia to develop AI platform for driverless trucks

FILE PHOTO: A Volvo logo is pictured on the stand during the 87th International Motor Show at Palexpo in Geneva, Switzerland, March 7, 2017. REUTERS/Denis Balibouse STOCKHOLM (Reuters) – Sweden’s AB Volvo is joining forces with U.S. chipmaker Nvidia to develop artificial intelligence used in self-driving trucks, the companies said on Tuesday. The agreement between… Continue reading AB Volvo to partner with Nvidia to develop AI platform for driverless trucks

May 2019 was a landmark month for PROTON

Subang Jaya, 10 June 2019 – May 2019 was a landmark month for PROTON as the national carmaker posted its highest sales figure in 46 months. 10,611 units were sold in May, an increase of 51.3% over April and helping push overall sales growth for the first five months of the year to over 70% compared to the same time period in 2018. Market share for the month is estimated to be at 17.2% marking another high point for the Company since January 2016

Strong sales growth powered by intelligence

PROTON has seen strong sales growth in 2019 led by models with intelligent features. The biggest contributor has been the Proton X70, the first SUV for the Company and the undoubted leader in the premium SUV and executive SUV class. 2,439 units were sold in May and cumulatively 13,572 have been delivered in the first five months of the year, meaning the Proton X70 remains as the SUV market leader in overall sales.

The effectiveness of intelligent features in other Proton models was also evident ..

CATL grows business into e-bike sector

CATL, the world’s largest power battery producer, has started to diversify its sources of revenue as rivals are quickly catching up and the new energy vehicle market has shown signs of slowing down.To making things worse, international battery makers are starting to make their foray into the world’s largest new energy vehicle market.LG Chem, the world’s fourth largest battery maker, announced Thursday its plans to build a $188 million joint venture with Chinese carmaker Geely to produce and sell batteries for new energy vehicles.

Geely And LG Chem Announce Battery JV In China

Production is expected to start in late 2021 with initial capacity of 10 GWh annually Geely Auto (through Shanghai Maple Guorun subsidiary) and LG Chem announced a new 50:50 battery joint venture in China, which is set to initially produce 10 GWh of lithium-ion cells annually. The registered capital of the JV is $188 million.… Continue reading Geely And LG Chem Announce Battery JV In China

Geely Auto and LG Chem ink JV pact to manufacture EV batteries in China – Autocar Professional

Shanghai Maple Guorun, an indirect 99 percent-owned subsidiary of Geely Automobile Holdings, the listed arm of Geely Auto, has announced a new joint venture partnership with LG Chem of South Korea, one of the world’s leading manufacturers of electric vehicle batteries. Under the terms of the agreement, Shanghai Maple Guorun and LG Chem will establish… Continue reading Geely Auto and LG Chem ink JV pact to manufacture EV batteries in China – Autocar Professional

As Cars Become Increasingly Driverless, People Are Already Seeking Analogue Motoring Experiences – Singularity Hub

According to those in the industry, and researchers too, driverless cars will totally revolutionize the way we think about individual transport. They will change the way we work and rest. They could herald the end of traffic jams, and have the potential to change the lives of disabled people, to give a few examples. But… Continue reading As Cars Become Increasingly Driverless, People Are Already Seeking Analogue Motoring Experiences – Singularity Hub

Volkswagen to float 10% of truck unit, seeks to raise 1.9 billion euros

FRANKFURT (Reuters) – Volkswagen aims to raise up to 1.9 billion euros ($2.1 billion) by listing truck unit Traton, it said on Friday, scaling back earlier ambitions to list up to a quarter of the unit by opting to float a 10% stake. FILE PHOTO: The logo of Volkswagen carmaker is seen at the entrance… Continue reading Volkswagen to float 10% of truck unit, seeks to raise 1.9 billion euros