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
Tag: Electric vehicles
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
Ford Fiesta axed from line-up
It has been confirmed that the Ford Fiesta supermini will be axed from Ford‘s line-up, with production of the brand’s compact hatchback scheduled to end in June 2023. In an official statement Ford of Europe President Martin Sander said: “At Ford in Europe, we are accelerating our efforts to go all-in on electrification with our… Continue reading Ford Fiesta axed from line-up
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Oct 26 (Reuters) – Twitter Inc’s stock (TWTR.N) inched closer to Elon Musk’s $54.20 per share buyout offer for the micro-blogging site on Wednesday, in a sign that investors are finally expecting the deal to go through ahead of a court deadline at the end of this week. Shares of the social media company were… Continue reading Untitled
German Handelsblatt: Auto industry: Mercedes doubles profit and increases its forecast again005478
Krieg, Inflation, Zinswende: Über der gesamten europäischen Industrie hat sich ein „perfekter Sturm“ zusammengebraut, bekundete Mercedes-Chef Ola Källenius erst vor wenigen Tagen. Der Manager beobachtet eine nie da gewesene „Makronervosität“. Sein Unternehmen spürt davon im Tagesgeschäft jedoch bis dato nahezu nichts. Im Gegenteil: Der Stuttgarter Autobauer verdient trotz der vielen Krisen weiterhin prächtig.Im dritten Quartal… Continue reading German Handelsblatt: Auto industry: Mercedes doubles profit and increases its forecast again005478
United and Jaguar Launch the First All-Electric Gate-to-Gate Airport Transfer Service in the U.S.
Select MileagePlus Premier members can make connecting flights in-style with complimentary rides in the new all-electric 2023 Jaguar I-PACE HSE; Jaguar SUVs to make up to 60 trips per day at United’s hub airports by end of year CHICAGO, Oct. 26, 2022 /PRNewswire/ — United Airlines and Jaguar North America today launched the first gate-to-gate airport… Continue reading United and Jaguar Launch the First All-Electric Gate-to-Gate Airport Transfer Service in the U.S.
Electrify Expo Launches ‘Show Off’ and ‘Speed Shop’ Highlighting EV Customization Culture
Hundreds of EV Enthusiasts to “Show Off” their Unique, Customized Electric Vehicles Experience a live two-day customization of an EV, from stock to customized Electrify Expo Austin at COTA, November 12 & 13 Nearly Sold Out AUSTIN, Texas, Oct. 26, 2022 /PRNewswire/ — Electrify Expo, North America’s largest electric-vehicle festival, closes out its 2022 U.S.… Continue reading Electrify Expo Launches ‘Show Off’ and ‘Speed Shop’ Highlighting EV Customization Culture
German Handelsblatt: Auto industry: Mercedes doubles profit and increases its forecast again005477
Krieg, Inflation, Zinswende: Über der gesamten europäischen Industrie hat sich ein „perfekter Sturm“ zusammengebraut, bekundete Mercedes-Chef Ola Källenius erst vor wenigen Tagen. Der Manager beobachtet eine nie dagewesene „Makronervosität“. Sein Unternehmen spürt davon im Tagesgeschäft jedoch bis dato nahezu nichts. Im Gegenteil: Der Stuttgarter Autobauer verdient trotz der vielen Krisen weiterhin prächtig.Im dritten Quartal konnte… Continue reading German Handelsblatt: Auto industry: Mercedes doubles profit and increases its forecast again005477
Next-generation GaN e-mobility technology; KYOCERA AVX Salzburg and VisIC Technologies expand their collaboration
NESS ZIONA, Israel and SALZBURG, Austria, Oct. 26, 2022 /PRNewswire/ — Combining KYOCERA AVX’s leadership in discrete and module packaging along with VisIC’s expertise in GaN power devices to offer cutting-edge products, including the highest efficiency power module for lead EV OEM and Tier 1 traction inverters. Continue Reading VisIC’s 2nd generation, lowest RDS (on)… Continue reading Next-generation GaN e-mobility technology; KYOCERA AVX Salzburg and VisIC Technologies expand their collaboration