1 H BY MARK KANE Break even expected in 2021 SK Innovation has bold investment plans in new lithium-ion cell production capacity around the world. The output is set to increase from 5 GWh annually today, to 20 GWh annually by the end of 2019, to 40 GWh annually in 2020 and 100 GWh annually… Continue reading SK Innovation Plans 100 GWh Of Battery Production Capacity
Tag: Strategy
Velodyne’s Godfather Of Laser Sensors Hits $500 Million Milestone, Sets His Sights On Safer Self-Driving Cars – Forbes
Velodyne CEO and founder Dave Hall is finding new automotive applications for the laser lidar technology he developed more than a decade ago. Velodyne Spinning laser lidar sensors, invented by Velodyne’s David Hall more than a decade ago, helped kick off a race to create self-driving cars. As his company marks a sales milestone for… Continue reading Velodyne’s Godfather Of Laser Sensors Hits $500 Million Milestone, Sets His Sights On Safer Self-Driving Cars – Forbes
GM makes $300 million investment to produce new Chevrolet EV based on Bolt EV
General Motors has announced a $300 million investment to produce a new Chevrolet electric vehicle that will be based off an “advanced version” of the Bolt EV architecture. The money will go to GM’s Orion Township, Mich. plant, where the Bolt EV is currently made. GM said the investment will bring 400 new jobs to the… Continue reading GM makes $300 million investment to produce new Chevrolet EV based on Bolt EV
first ever CKD assembly plant for Proton vehicles in Pakistan
Islamabad, Pakistan, 22 March 2019 – A project for the first ever CKD assembly plant for Proton vehicles in Pakistan officially began today when the Prime Minister of Malaysia, Yang Amat Berhormat Tun Dr Mahathir Mohamad and the Prime Minister of Pakistan, His Excellency Mr Imran Khan, signed a ceremonial marble plaque at an event held in Islamabad, Pakistan.
The plant, to be built at a Greenfield site in Karachi, will be owned and operated by ALHAJ Automotive, the official distributor for Proton vehicles in Pakistan and is expected to commence operations before the end of 2020.
PROTON aims to grow overseas sales to meet long term objectives
In 2017, PROTON unveiled the seven stars strategy, a roadmap to achieve their long term goals including targeting to sell 400,000 units by 2027. A major future growth area for the Company is export sales and the establishment of CKD assembly plants in overseas markets is one of the steps taken to grow those numbers.
To establish PROTON in P..
Decisions taken by Valmet Oyj’s Annual General Meeting and Board of Directors
Decisions taken by Valmet Oyj’s Annual General Meeting and Board of Directors Valmet Oyj’s stock exchange release on March 21, 2019 at 4:30 p.m. EET The Annual General Meeting of Valmet Oyj was held in Helsinki today on March 21, 2019. The Annual General Meeting adopted the Financial Statements for 2018 and discharged the members… Continue reading Decisions taken by Valmet Oyj’s Annual General Meeting and Board of Directors
Next-gen Porsche Cayenne could be fully electric
The next-generation Porsche Cayenne, due around 2025, could be fully electric – but only if battery technology has advanced significantly. Porsche has already committed to launching the fully electric Taycan saloon later this year, and will follow it with launches of the Taycan Cross Turismo estate and the next-generation Porsche Macan, which will launch in… Continue reading Next-gen Porsche Cayenne could be fully electric
Tariff commissions in the car trade want to demand 5 percent more money
The collective bargaining committees of the IG Metall want in the upcoming collective bargaining round in the car trade, inter alia, 5 percent demand more money, in addition to other regional claims components. Trainees will once again get a disproportionate amount of money to make the automotive trades more attractive to skilled workers. This recommendation… Continue reading Tariff commissions in the car trade want to demand 5 percent more money
U.S. fund Elliott suffers crushing defeat in Hyundai proxy vote
By Hyunjoo Jin and Ju-min Park SEOUL (Reuters) – Investors in Hyundai Motor Group companies rejected on Friday Elliott Management’s demands for a massive special dividend and board seats, dealing a blow to the U.S. hedge fund’s campaign to shake up South Korea’s second-biggest family-run conglomerate. Elliott’s loss in a series of closely watched votes… Continue reading U.S. fund Elliott suffers crushing defeat in Hyundai proxy vote
Goodyear (GT) to Slash Jobs in Germany to Modernize Plants
Goodyear’s (GT) plan to cut jobs in Germany is likely to enhance the competitiveness of its manufacturing footprint and assist it in the production of large-rim-diameter premium tires.More The Goodyear Tire & Rubber Company GT plans to cut 1,100 jobs in Germany. This move is sync with its strategy to modernize its plant in Germany.… Continue reading Goodyear (GT) to Slash Jobs in Germany to Modernize Plants
Meet Lunewave: URBAN-X Alumni Leading the Advancement of Autonomous Vehicles
Taxis hardly resemble the steel cages on wheels we had in the 20th century. When hailing a cab, customers now choose between bedroom suite taxis, mobile office taxis, gym taxis, and dining taxis to name a few. A new world of consumer choice for transportation is just one of the many benefits of our fully… Continue reading Meet Lunewave: URBAN-X Alumni Leading the Advancement of Autonomous Vehicles