Hyundai Motor and Kia have tightened their sales strategy in the Southeast Asian market this year. <Hyundai IONIQ 5> Among the nine global regions, the Asia-Pacific region has the highest growth in sales objectives by region announced last week along with business results by Hyundai Motor and Kia. In the Asia-Pacific region this year, Hyundai… Continue reading Hyundai Motor and Kia accelerate their targeting on Southeast Asia… Increase sales objectives by 27% this year
Tag: Electric vehicles
CATL, the world’s leading battery manufacturer, forecasts KRW 3.1 trillion in operating profits
China’s CATL, the world’s leading battery manufacturer, recorded their highest performance last year thanks to an increase in global demand for electric vehicles. <CATL R&D Center located in the Fujian Province, China.> CATL predicted in its preliminary earnings report, recently released through the Shenzhen Exchange, that its net profit will rise 150-195% year-on-year to 14… Continue reading CATL, the world’s leading battery manufacturer, forecasts KRW 3.1 trillion in operating profits
Mercedes-Benz CEO says raw material scarcity could delay e-mobility – Die Zeit – Reuters
Ola Kaellenius, chairman of Daimler AG attends the presentation of the new Mercedes-Benz S-Class at the Daimler production plant in Sindelfingen near Stuttgart, Germany, September 2, 2020. REUTERS/Ralph Orlowski Feb 2 (Reuters) – Scarce supply of raw materials for electric cars could slow the transition from fossil-fuel burning vehicles to electric ones, Mercedes-Benz (DAIGn.DE) Chief… Continue reading Mercedes-Benz CEO says raw material scarcity could delay e-mobility – Die Zeit – Reuters
GM Ventures invests in EV advanced battery startup Soelect
The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021.REUTERS/Rebecca Cook/File Photo Register now for FREE unlimited access to Reuters.com Register Feb 3 (Reuters) – General Motors Co (GM.N) is among the investors in a North Carolina startup developing fast-charging lithium-metal batteries for future… Continue reading GM Ventures invests in EV advanced battery startup Soelect
Husqvarna YEAR-END REPORT JANUARY – DECEMBER 2021
STOCKHOLM, Feb. 3, 2022 /PRNewswire/ — A record year Fourth quarter 2021 Net sales increased by 23% to SEK 8,234m (6,683). The organic growth was 17%, changes in exchange rates contributed with 2% and acquisitions with 4%. Operating income was SEK -132m (-944). Excluding items affecting comparability, operating income was SEK -180m (-129). Earnings per… Continue reading Husqvarna YEAR-END REPORT JANUARY – DECEMBER 2021
Carmakers shift gear on using recycled materials
When passengers settle into the back seat of the new Ford Bronco Sport, little do they know that parts of the car just inches away were once discarded fishing nets, bobbing about in the world’s oceans. The US carmaker, which has experimented in the past with using recycled plastics, has refashioned this netting into wire… Continue reading Carmakers shift gear on using recycled materials
Autonomous vehicles need stricter rules -U.S. safety group, labor unions
WASHINGTON, Feb 2 (Reuters) – U.S. labor unions and a consumer safety advocate on Wednesday urged the Biden administration to add more safeguards to ensure autonomous vehicles are safe before being deployed in wide numbers on U.S. roads. Lawmakers at a U.S. House Transportation and Infrastructure subcommittee hearing raised concerns about self-driving vehicles but also… Continue reading Autonomous vehicles need stricter rules -U.S. safety group, labor unions
Volkswagen able to build 1 million EVs a year in China from 2023 -Nikkei
The logo of German carmaker Volkswagen is seen on a rim cap in a showroom of a Volkswagen car dealer in Brussels, Belgium July 9, 2020. REUTERS/Francois Lenoir/File Photo Register now for FREE unlimited access to Reuters.com Register BERLIN, Feb 2 (Reuters) – Volkswagen (VOWG_p.DE) will be able to build 1 million electric vehicles a… Continue reading Volkswagen able to build 1 million EVs a year in China from 2023 -Nikkei
16:15 ETDana’s Spicer Electrified™ Motor and Inverter System to Power New Ultra4™ EV Race SeriesDana Incorporated today announced that its Spicer Elec…
MAUMEE, Ohio, Feb. 2, 2022 /PRNewswire/ — Dana Incorporated today announced that its Spicer Electrified™ motor and inverter system will be featured on the custom performance vehicles competing in the new Ultra4™ electrified vehicle (EV) racing series. The announcement was made during the annual King of the Hammers™ event held Jan. 27-Feb. 5 in Johnson… Continue reading 16:15 ETDana’s Spicer Electrified™ Motor and Inverter System to Power New Ultra4™ EV Race SeriesDana Incorporated today announced that its Spicer Elec…
Lamborghini is still figuring out its first EV
Lamborghini Chairman and CEO Stephan Winkelmann has no time for celebration, despite being at the helm of an automaker that posted an all-time sales record for 2021 — a milestone driven by demand for its ultra luxury Urus SUV. The leader of the Italian supercar maker has more pressing matters than basking in the glory… Continue reading Lamborghini is still figuring out its first EV