SHANGHAI — Nio, a Chinese electric vehicle startup, is planning to charge into five new European countries next year, part of a brand development strategy aimed at eco-conscious drivers. Nio recently opened a showroom in Norway dubbed Nio House as the first step in its expansion drive in the region. Go to Source
Tag: Strategy
China Tech Digest: Tencent Cloud Opens Data Center In South America; Baidu Apollo Acquires First Paid Robotaxi Service Order
Tencent Cloud opens data center in South America Tencent Cloud has opened its first data center in South America, located in Sao Paulo, Brazil. Tencent Cloud will provide customers in Brazil and other areas of South America with high-quality flexible computing, storage, big data, AI, security and other cloud services, and will export customized solutions… Continue reading China Tech Digest: Tencent Cloud Opens Data Center In South America; Baidu Apollo Acquires First Paid Robotaxi Service Order
XPENG Named Norway’s Most Known Newcomer of the Year
XPENG has been expanding its local presence in Norway as a key initiative in its long-term international strategy. Together with its local partner XBI, XPENG has established 17 local sales outlets and 21 service outlets in Norway. The Norwegian launch of the XPENG P7 and P7 Wing special edition in October marks another significant development… Continue reading XPENG Named Norway’s Most Known Newcomer of the Year
Autos & Transportation · 10:59 AM UTCCarmakers get inventive as global chip crisis bitesWhether buying computer chips directly from manufacturers, rec…
Thousands of Ford F-150s without chips are stored at Kentucky Speedway in Sparta, Kentucky, U.S., September 8, 2021. REUTERS/Jeff Dean/File Photo Register now for FREE unlimited access to reuters.com Register MUNICH, Nov 26 (Reuters) – Whether buying computer chips directly from manufacturers, reconfiguring cars, or producing them with parts missing, automakers are having to get… Continue reading Autos & Transportation · 10:59 AM UTCCarmakers get inventive as global chip crisis bitesWhether buying computer chips directly from manufacturers, rec…
Autos & TransportationVolkswagen sees Europcar deal as attractive, quashes hopes for higher bid10:53 AM UTC
A new logo of German carmaker Volkswagen is unveiled at the VW headquarters in Wolfsburg, Germany September 9, 2019. REUTERS/Fabian Bimmer Register now for FREE unlimited access to reuters.com Register FRANKFURT, Nov 26 (Reuters) – Volkswagen (VOWG_p.DE) is convinced that its 2.9 billion euro ($3.3 billion) offer for France’s Europcar (EUCAR.PA), made as part of… Continue reading Autos & TransportationVolkswagen sees Europcar deal as attractive, quashes hopes for higher bid10:53 AM UTC
LG Electronics Announces New CEO and Other Changes to Aggressively Tackle 2022 and Beyond
November 25, 2021 LG Electronics Announces New CEO and Other Changes to Aggressively Tackle 2022 and Beyond Open share list Share this content. Advancing Business Portfolio with Greater Focus on Digital Transformation SEOUL, Nov. 25, 2021 — LG Electronics (LG) today announced that William Cho, its Chief Strategy Officer, will also take on the responsibility of Chief… Continue reading LG Electronics Announces New CEO and Other Changes to Aggressively Tackle 2022 and Beyond
@Nio: 000323
On November 25, NIO announced to have entered into a strategic cooperation agreement with Shell to further collaborate in the electric vehicle and energy industries globally. According to the agreement, NIO and Shell will jointly construct and operate battery charging and swapping facilities. NIO and Shell plan to install 100 battery swapping stations in China… Continue reading @Nio: 000323
LG names new CEO to tap new biz opportunities
LG Electronics said the recall of General Motor’s Bolt electric vehicles hurt its bottom line. LG Electronics said on Thursday it promoted its chief strategy officer to its new CEO to nurture new business opportunities and focus on digital transformation. The company said its current Chief Strategy Officer Cho Joo-wan will assume the top post… Continue reading LG names new CEO to tap new biz opportunities
Ford and Rivian scrap plans to co-develop EV
Ford and electric vehicle start-up Rivian have scrapped plans to jointly develop an EV after mutually deciding to focus on their own projects. Ford CEO Jim Farley confirmed the decision to Automotive News and said the firm will now proceed with increasing global EV production to 600,000 annually by 2023. “Right now, we have growing confidence in our ability to win… Continue reading Ford and Rivian scrap plans to co-develop EV
Big 3 K-Battery companies invest KRW 7 trillion this year… Expansion of R&D and facilities
Investing a third of KRW 23.2 trillion in total sales of the three companiesSamsung SDI invests in R&D the most at KRW 643.8 billionLG Energy Solution invests in facility investment at KRW 2.425 tri The top three domestic battery companies have invested more than KRW 7 trillion in research and development (R&D) and expansion of… Continue reading Big 3 K-Battery companies invest KRW 7 trillion this year… Expansion of R&D and facilities