LONDON, Oct. 25, 2022 /PRNewswire/ — ECARX, a global mobility tech company, will debut its next-generation digital head unit (DHU) on the new Lotus Eletre Hyper-SUV. The platform includes ECARX’s first dual-chip system to enable server-level computing power for rapid processing, an immersive multi-screen user experience and capacity for continuous improvement over the lifetime of… Continue reading Lotus Eletre to debut ECARX’s next-generation digital head unit
Tag: Electric vehicles
Green and Intelligent: Zoomlion Exhibits New Aerial Platforms, Earthmoving and Forklift Products at bauma 2022
MUNICH, Oct. 25, 2022 /PRNewswire/ — Zoomlion Heavy Industry Science & Technology Co., Ltd. (“Zoomlion”; 1157.HK) opened its exhibition at bauma 2022 in Munich, Germany, on October 24. With Vision Creates Future as its theme this year, Zoomlion is showcasing its recent major achievements in technology and product development, as well as its transformation in digitalisation,… Continue reading Green and Intelligent: Zoomlion Exhibits New Aerial Platforms, Earthmoving and Forklift Products at bauma 2022
Hidden Hill Capital leads $300m funding in Geely-owned NEV brand Farizon Auto
Farizon Auto, a commercial new energy vehicle (NEV) brand owned by Chinese multinational automaker Geely, announced on Wednesday that it has raised over $300 million in a Series Pre-A round led by GLP’s private equity arm Hidden Hill Capital. Hangzhou-based Farizon Auto, which was launched in 2016 by Geely’s commercial vehicle subsidiary Zhejiang Geely New… Continue reading Hidden Hill Capital leads $300m funding in Geely-owned NEV brand Farizon Auto
Electric Vehicle Industry Gains Momentum as New Players Enter the EV Manufacturing Space
PALM BEACH, Fla., Oct. 26, 2022 /PRNewswire/ — FinancialNewsMedia.com News Commentary: As the Electric Vehicle (EV) market grows over the coming years, NOW is the time for new entrants to enter into the manufacturing sector… new business opportunities that evolve as e-mobility grows. The automotive industry comprises a wide range of companies and organizations involved in… Continue reading Electric Vehicle Industry Gains Momentum as New Players Enter the EV Manufacturing Space
Georgica Auto Holdings welcomes Franchise Equity Partners as minority shareholder
Georgica Auto Holdings operates 23 automotive retail franchises across NY, NJ, and PA Franchise Equity Partners makes $70 million capital investment in Georgica Auto Holdings Agreement gives Georgica Auto Holdings access to FEP’s deep automotive and financial expertise Capital investment supports Georgica Auto Holdings strategic growth plan NEW YORK, Oct. 26, 2022 /PRNewswire/ — Georgica… Continue reading Georgica Auto Holdings welcomes Franchise Equity Partners as minority shareholder
Blue Whale EV Announces Partnership with SemaConnect as Certified Reseller
Leading end-to-end EV charging solution provider to provide sales, installation, and maintenance for SemaConnect EV chargers SAVAGE, Md., Oct. 26, 2022 /PRNewswire/ — Blue Whale EV, an innovative end-to-end advisory and service organization to the EV charging community, announces its partnership as a certified reseller with SemaConnect, a Blink Charging Co. (Nasdaq: BLNK, BLNKW) and leading provider… Continue reading Blue Whale EV Announces Partnership with SemaConnect as Certified Reseller
EOS Linx Appoints NeoVolta Founder and CEO Brent Willson to its Board of Directors
BRENTWOOD, Tenn., Oct. 26, 2022 /PRNewswire/ — EOS Linx, the leader in solar-supported electric vehicle (EV) chargers equipped with data-driven and digital advertising displays, has added NeoVolta Founder and CEO Brent Willson, a highly regarded Colonel in the U.S. Marines, to its Board of Directors. Willson was instrumental in forging a partnership between EOS Linx… Continue reading EOS Linx Appoints NeoVolta Founder and CEO Brent Willson to its Board of Directors
Chinese automaker Geely’s new energy brand Farizon raises over $300 mln
Geely New Energy Commercial Vehicle did not disclose Farizon’s valuation in the statement. Chinese automaker Geely’s new energy vehicle subsidiary on Wednesday said its brand Farizon has raised over $300 million from a funding round led by Asian logistics firm Global Logistics Properties’ (GLP) investment arm Hidden Hill Capital. The new capital raise, which involves… Continue reading Chinese automaker Geely’s new energy brand Farizon raises over $300 mln
Vietnamese EV maker VinFast receives $135 mln in green funding led by ADB
VinFast, which began operations in 2019 and stopped making combustion engine-driven cars in August, is targeting global electric vehicle sales of 750,000 per year by 2026. Vietnamese electric vehicle maker VinFast said on Monday it has received a $135 million financing package led by the Asian Development Bank (ADB), part of a push by the… Continue reading Vietnamese EV maker VinFast receives $135 mln in green funding led by ADB
U.S., EU launch formal group to discuss conflict over EV subsidies
Among the law’s provisions are requirements that EVs be assembled in North America to qualify for tax credits. By Trevor Hunnicutt U.S. and European Union officials will formally launch a task force next week to discuss new American laws that Europeans fear will discriminate against foreign electric car makers, according to a statement on Tuesday.… Continue reading U.S., EU launch formal group to discuss conflict over EV subsidies