Tom Krisher, Associated Press Published 9:33 p.m. ET July 19, 2020 Detroit — The auto business used to be pretty simple. Crank out vehicles that people want to buy and collect profits. It’s gotten a whole lot more complicated since Mary Barra took over as CEO of General Motors in 2014. She has cut costs… Continue reading GM’s Barra expects virus to ebb, economic recovery by early 2021
Tag: Electric vehicles
Self-driving startup Aurora expands public road testing to Texas
Ed Ludlow, Bloomberg Published 2:53 p.m. ET July 20, 2020 Even as some robo-taxi developers are tapping the brakes, self-driving startup Aurora Innovation Inc. is expanding its testing operations to Texas, adding a third state to its existing public-road proving grounds in California and Pennsylvania. Aurora, founded by Chris Urmson, a former head of Google’s… Continue reading Self-driving startup Aurora expands public road testing to Texas
@VW Group: We Charge: Volkswagen’s new charging service has over 150,000 public charging points
Volkswagen is rolling out its own charging service to coincide with the market launch of the ID. family: With We Charge, customers will be able to charge their electric vehicles at over 150,000 public charging points all over Europe. The We Charge charging card gives them easy access to these charging points. Customers have a… Continue reading @VW Group: We Charge: Volkswagen’s new charging service has over 150,000 public charging points
@VW Group: One card for all
07/20/2020 No vehicle goes through production without it: the vehicle routing card. An essential aid in changing times. Porsche Production 1.0 Zuffenhausen in the 1950s and 1960s: car assembly at Porsche still had the characteristics of a craft manufacturing process. But it was nevertheless based on clear ideas for efficient production. Short distances for the… Continue reading @VW Group: One card for all
Jeep Unveils Renegade 4xe And Compass 4xe PHEVs
Renegade 4xe and Compass 4xe: the Jeep® brand’s take on the plug-in hybrid Renegade 4xe and Compass 4xe are the first electrified Jeep® models in the EMEA Region Plug-in hybrid technology makes the new Jeep 4xe SUVs pioneers of the brand’s ’green‘ evolution The new Jeep 4xe models mean the brand’s future is connected, electrified,… Continue reading Jeep Unveils Renegade 4xe And Compass 4xe PHEVs
Mysterious Kia Electric Vehicle Prototype Spotted Under Camouflage
Looks like Kia will be adding another model to its roster of electric vehicles and we have reason to believe it’s the production version of the ‘ Imagine by Kia ‘ concept revealed at the 2019 Geneva Motor Show. It probably won’t look exactly like the study, especially inside, but that does seem to be… Continue reading Mysterious Kia Electric Vehicle Prototype Spotted Under Camouflage
Xpeng raises $500m as Chinese EV makers step up capital hunt
HONG KONG — Xpeng Motors, one of China’s most high-profile electric vehicle startups, has secured $500 million in its latest funding round, giving it further firepower as rivals join an intensifying hunt for capital to ensure their survival. The new funds came from investors including Aspex, Coatue, Hillhouse and Sequoia Capital China, seven months after… Continue reading Xpeng raises $500m as Chinese EV makers step up capital hunt
Xpeng Raises $500 Million Even as China EV Market Sputters
1 / 2 Xpeng Raises $500 Million Even as China EV Market Sputters (Bloomberg) — Electric-vehicle maker Xpeng Motors raised about $500 million from a group of venture investors, showing Chinese startups with promising car models can attract funding even as the industry’s sales slump. Investors in the Series C+ financing round include Aspex Management,… Continue reading Xpeng Raises $500 Million Even as China EV Market Sputters
Nikola plummets 21% after company files to sell 24 million shares (NKLA)
Nikola fell as much as 21% on Monday after the company filed a prospectus outlining its intent to sell up to 23.9 million shares. Additionally, existing shareholders are looking to sell up to 53.4 million shares, according to the prospectus. Nikola said the proceeds from the sale would be used for general corporate purposes. Visit… Continue reading Nikola plummets 21% after company files to sell 24 million shares (NKLA)
NIO’s 50,000th Build Rolls Off The Assembly Line At Hefei Manufacturing Plant
Chinese electric vehicle manufacturer NIO celebrated the 50,000th vehicle produced at their Hefei advanced manufacturing plant. The Hefei manufacturing plant is a joint venture with JAC Motors, a state-owned automobile manufacturer in China. NIO and JAC Motors signed a joint cooperation agreement to establish a new manufacturing facility in April of 2016, and in October… Continue reading NIO’s 50,000th Build Rolls Off The Assembly Line At Hefei Manufacturing Plant