Detroit — General Motors Co. plans to hand off control of its ventilator production to its partner on the project, Ventec Life Systems. GM and Ventec have so far delivered more than 20,000 ventilators to the U.S. Strategic National Stockpile for the U.S. Department of Health and Human Services and they are on track to complete a federal government… Continue reading GM to hand off ventilator production to Ventec
Tag: Strategy
@Geely: LEVC announces new VN5 converter strategy
LEVC (London Electric Vehicle Company) is developing a comprehensive conversion programme for its highly anticipated VN5 electric van. LEVC has already deployed a small fleet of converted TXs to provide VN5 ‘prototype’ vehicles for trials with partners such as DPD, Royal Mail and Octopus Energy to showcase the electric van’s competence in difference working environments.… Continue reading @Geely: LEVC announces new VN5 converter strategy
Vitesco Technologies Supplies the Drive Control Unit for the Volkswagen ID.3 Electric Car
Regensburg company is the sole supplier of the drive control unit for Volkswagen’s MEB platform The central electric drive component is ready for volume manufacturing – allows software to be updated at any time Regensburg, August 12, 2020. Electric mobility is gaining momentum with a multitude of new models set to hit the road over… Continue reading Vitesco Technologies Supplies the Drive Control Unit for the Volkswagen ID.3 Electric Car
@BMW: More than seven million vehicles with all-electric or plug-in hybrid drive systems by the year 2030.000480
Munich. With a ten-year plan for sustainability, the BMW Group is underscoring its commitment to the goals of the Paris climate agreement, the main focus being on the expansion of electric mobility. Today, the BMW and MINI brands featuring all-electric and plug-in hybrid drive systems respectively already account for approximately 13.3 of all new registrations… Continue reading @BMW: More than seven million vehicles with all-electric or plug-in hybrid drive systems by the year 2030.000480
How Moovit went from opportunity to a $900M exit in 8 years
Private investor (and former Moovit president) Omar Téllez shares the inside story Omar Téllez 12 hours Omar Téllez Contributor Omar Téllez is a private investor in several tech companies based in LatAm and Silicon Valley. A member of Niantic’s executive team, he was previously president of Moovit. More posts by this contributor Top VCs Are… Continue reading How Moovit went from opportunity to a $900M exit in 8 years
@niche: Workhorse Group Reports Second Quarter 2020 Results
CINCINNATI, Aug. 10, 2020 /PRNewswire/ — Workhorse Group Inc. (Nasdaq: WKHS) (“Workhorse” or “the Company”), an American technology company focused on providing sustainable and cost-effective drone-integrated electric vehicles to the last-mile delivery sector, today reported financial results for the second quarter ended June 30, 2020. Workhorse Group Inc. Logo More Release Updates and Highlights Officially began production… Continue reading @niche: Workhorse Group Reports Second Quarter 2020 Results
Veoneer completes divestiture of US brake control business
STOCKHOLM, Aug. 11, 2020 /PRNewswire/ — The automotive technology company, Veoneer, Inc. (NYSE: VNE and SSE: VNE SDB), has completed the divestiture of its US brake control business to ZF Friedrichshafen AG. The parties will collaborate on a transition plan for a limited period as part of the divestiture process. On April 23, Veoneer announced… Continue reading Veoneer completes divestiture of US brake control business
VW extends China market lead with new low-cost brand Jetta
HAMBURG, Germany — While most carmakers are struggling to get consumers into showrooms and opening their wallets amid worries from the coronavirus pandemic, Germany’s Volkswagen has managed in recent months to extend its lead as China’s top auto seller. Critical to this advance has been Jetta, a new entry-level brand VW launched in China last… Continue reading VW extends China market lead with new low-cost brand Jetta
Continental And aft automotive Set Up Joint Venture For The Future of Mobility
Future potential: System supplier experience and technical know-how are driving developments for electromobility Philip Nelles, head of Mobile Fluid Systems: “No lines, no future mobility. We are pooling our know-how for the vital lifelines in cars.” Less weight, reduced CO2 emissions: New company will develop and manufacture couplings made of high-performance plastics for the automotive… Continue reading Continental And aft automotive Set Up Joint Venture For The Future of Mobility
@Hyundai: Hyundai Motor Announces IONIQ Brand Dedicated to EVs, Opening New Chapter for Customer-Centric EV Experiences
• Hyundai’s dedicated EV brand IONIQ embodies company’s smart mobility vision• Company aims to offer connected lifestyle experience to customers with IONIQ brand models• Hyundai will introduce three innovative IONIQ EV models over the next four years, starting early 2021 with IONIQ 5, a midsize EV CUV based on the concept ‘45’• IONIQ EV models… Continue reading @Hyundai: Hyundai Motor Announces IONIQ Brand Dedicated to EVs, Opening New Chapter for Customer-Centric EV Experiences