–Revenue of approx. $30 million, +54% y/y––Net Income of approx. $41 million ($0.54 per fully diluted share), +900% y/y––Working Capital of approx. $300 million, cash1 totaled $202.4 million — JINHUA, CHINA, Aug. 09, 2021 (GLOBE NEWSWIRE) — Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”) (NASDAQ GS: KNDI), today announced financial results for the… Continue reading @Geely: Kandi Technologies Reports Second Quarter 2021 Financial Results
Tag: Financial Results
@VW Group: Porsche to present its future-driven Mission R concept study003811
06/09/2021 Right on time for the start of the IAA MOBILITY 2021 in Munich (from 7 to 12 September), Porsche is to provide a spectacular look into the automotive future. The Mission R concept car combines state-of-the-art technologies and sustainable materials, such as natural fibre-reinforced plastics, with a passion for racing. In addition to a… Continue reading @VW Group: Porsche to present its future-driven Mission R concept study003811
Chinese carmakers outperform international rivals amid chip shortages
A technician works at the workshop of the carmaking-related chip production company in Qinhuangdao, Hebei province. [PhotoXinhua] Leading Chinese automakers have been more resilient than international marques in the country amid chip shortages and rising materials costs, said Fitch Ratings. Chinese companies like Great Wall Motors and Changan reported gross profit gains in the first… Continue reading Chinese carmakers outperform international rivals amid chip shortages
GM CFO: ‘Q3 will be challenging’ with chips, but automaker expects to meet guidance
Detroit — General Motors Co. now expects to lose up to 200,000 vehicle deliveries in the second half of the year because of the continuing chip shortage, doubling its previous projection, CFO Paul Jacobson revealed during RBC’s Global Industrials Conference Friday. Rising COVID-19 cases and increased restrictions at chip plants have placed pressure on the already limited chip supply, forcing automakers… Continue reading GM CFO: ‘Q3 will be challenging’ with chips, but automaker expects to meet guidance
German Manager Magazin: Volkswagen boss Herbert Diess: Paint on the private house of VW boss Herbert Diess001102
On the private house of Volkswagen-Boss Herbert Diess (62) a paint attack was carried out in Munich. Unknown perpetrators had written “Expropriate” in red on the entrance door, a spokesman for the car manufacturer confirmed. The graffiti were immediately removed. The company condemned the attack. The online magazine “Business Insider” also reported that the perpetrators… Continue reading German Manager Magazin: Volkswagen boss Herbert Diess: Paint on the private house of VW boss Herbert Diess001102
Toyota to buy Chinese auto-leasing business from SK Group
NAGOYA — Toyota Motor will acquire South Korean conglomerate SK Group’s car leasing business in China to fuel its expansion in the world’s biggest auto market. Financing subsidiary Toyota Financial Services will buy the entire stake in Beijing-based SK Auto Service for an estimated 5 billion yen ($45.5 million), aiming to close the deal by month’s… Continue reading Toyota to buy Chinese auto-leasing business from SK Group
Nio’s New ET7 Sedan Could Include Low-Cost Lithium Iron Phosphate Battery: Report
Nio, Inc. (NYSE: NIO) unveiled its all-new ET7 sedan at its Nio Day event in early January, and deliveries of the EV maker’s first-ever sedan will likely begin in the first quarter of 2022. What Happened: Nio could release a version of the ET7 with low-cost lithium iron phosphate, or LFP, batteries, as opposed to… Continue reading Nio’s New ET7 Sedan Could Include Low-Cost Lithium Iron Phosphate Battery: Report
Autos & Transportation · 9:29 AM UTCToyota cuts production target by 3% on parts and chips shortagesToyota Motor Corp (7203.T) cut its annual producti…
The Toyota logo is seen at a booth during a media day for the Auto Shanghai show in Shanghai, China, April 19, 2021. REUTERS/Aly Song/File Photo TOKYO, Sept 10 (Reuters) – Toyota Motor Corp (7203.T) cut its annual production target by 300,000 vehicles on Friday as rising COVID-19 infections slowed output at parts factories in… Continue reading Autos & Transportation · 9:29 AM UTCToyota cuts production target by 3% on parts and chips shortagesToyota Motor Corp (7203.T) cut its annual producti…
Autos & TransportationTesla’s Musk asks staff to ‘go super hardcore’ to ensure decent Q3 delivery number7:29 PM UTC
A Tesla service center is shown in Costa Mesa, California, U.S., October 20, 2020. REUTERS/Mike Blake SAN FRANCISCO, Sept 9 (Reuters) – Tesla Inc (TSLA.O) Chief Executive Elon Musk has asked employees to “go super hardcore” to make up for production challenges early in the third quarter and “ensure a decent Q3 delivery number,” according… Continue reading Autos & TransportationTesla’s Musk asks staff to ‘go super hardcore’ to ensure decent Q3 delivery number7:29 PM UTC
@Ford: Ford Pro Builds Accomplished Leadership Team Focused on Success of Commercial and Government Customers
Separate within Ford and unique among automakers, Ford Pro is a major result of the Ford+ plan for growth and value creation based on enduring, always-on relationships for customers Led by Ford Pro CEO Ted Cannis, the global leadership team represents a broad range of backgrounds and capabilities from inside and outside of Ford and… Continue reading @Ford: Ford Pro Builds Accomplished Leadership Team Focused on Success of Commercial and Government Customers