LONDON, Feb. 6, 2023 /PRNewswire/ — ECARX (Nasdaq: ECX), a global mobility tech provider, and SiEngine[1], a leading automotive semiconductor company and investee of ECARX, have established a strategic collaboration with FAW, a leading automaker in China, to work on the development of world-leading high-performance digital cockpits based on the SE1000 System-on-the-Chip (SoC) from SiEngine. The… Continue reading ECARX and SiEngine to Collaborate with FAW on Digital Cockpit Platform Leveraging SiEngine’s SE1000
Tag: Lotus
ECARX and SiEngine to Collaborate with FAW on Digital Cockpit Platform Leveraging SiEngine’s SE1000
LONDON, Feb. 6, 2023 /PRNewswire/ — ECARX (Nasdaq: ECX), a global mobility tech provider, and SiEngine[1], a leading automotive semiconductor company and investee of ECARX, have established a strategic collaboration with FAW, a leading automaker in China, to work on the development of world-leading high-performance digital cockpits based on the SE1000 System-on-the-Chip (SoC) from SiEngine. The… Continue reading ECARX and SiEngine to Collaborate with FAW on Digital Cockpit Platform Leveraging SiEngine’s SE1000
This Week in Transportation News: 10 Stories You Need to See
A roundup of the week’s most newsworthy auto and transport industry press releases from PR Newswire, including Boeing’s final 747 and Mazda’s 2024 CX-90. NEW YORK, Feb. 3, 2023 /PRNewswire/ — With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help journalists covering… Continue reading This Week in Transportation News: 10 Stories You Need to See
Tesla Roadster turns 15 years old today, still no sign of the new version
Tesla Roadster, credited by some for launching the EV revolution, is turning 15 years old today. While we celebrate the original Roadster, there’s still no sign of the new version that Tesla promised. While the Tesla Roadster wasn’t exactly a successful vehicle program on its own, it did succeed in its goal to show that… Continue reading Tesla Roadster turns 15 years old today, still no sign of the new version
Geely’s Lotus going public via SPAC at $5.4 billion valuation
Lotus Technology, the electric-car maker owned by China’s Zhejiang Geely Holding Group Co., agreed to merge with a blank-check company in a transaction that values the combined entity at about $5.4 billion. L Catterton Asia Acquisition Corp. will combine with the EV making subsidiary of the British carmaking group that Geely acquired back in 2017,… Continue reading Geely’s Lotus going public via SPAC at $5.4 billion valuation
Geely to float arm of carmaker Lotus via $5.4bn deal with LVMH vehicle
LONDON (Financial Times) — China’s Geely will list part of its sports car brand Lotus in the U.S. through a merger with a shell company that was founded by an LVMH-backed investment group in a deal that values the automaker at $5.4 billion. The merger announced on Tuesday will be between Lotus Technology, which has… Continue reading Geely to float arm of carmaker Lotus via $5.4bn deal with LVMH vehicle
EVs to get cheaper, Centre proposes customs duty exemption on batteries
Nirmal K. Minda, Chairman and Managing Director, Uno Minda Ltd, said that the announcement of Rs 35,000 crore fund to support green projects will give a massive boost towards India’s net-zero goals. New Delhi : The Central government on Wednesday said that to further provide impetus to green mobility, customs duty exemption is being extended… Continue reading EVs to get cheaper, Centre proposes customs duty exemption on batteries
Chinese owner of Lotus Technology to list a stake in US via blank cheque firm
Chinese owner of Lotus Technology to list a stake in US via blank cheque firm EV maker and R&D arm of car group owned by Geely planning to join Nasdaq in deal with Spac backed by Bernard Arnault The interior of the Lotus Eletre performance SUV electric car seen at the Brussels Expo in January… Continue reading Chinese owner of Lotus Technology to list a stake in US via blank cheque firm
Industry digest: Positive mindset key to business expansion
During a recent business conversation, a senior automotive executive was complaining about the difficulty of finding suitable recruits to support their company’s expansion. I suggested a different way of looking at the issue. What great news that the company is growing; now let’s find the right people. My point is that if you start with the… Continue reading Industry digest: Positive mindset key to business expansion
Sunrun taps startup to operate ‘power plants’ of its home solar systems
Sunrun has been pursuing VPPs as a means of leveraging the value of its customers’ 48,000 home battery systems. By Nichola Groom U.S. residential solar company Sunrun Inc has teamed up with startup Lunar Energy Inc to operate virtual power plants (VPPs) of home solar and storage systems, a step toward transforming its vast customer… Continue reading Sunrun taps startup to operate ‘power plants’ of its home solar systems