Valmet Automotive strengthens its working capital financing with a EUR 100 million loan granted by Finnvera, a specialized financing company owned by the State of Finland, and guaranteed by the European Investment Bank’s Pan-European Guarantee Fund. The credit demonstrates the financial sector’s confidence in Valmet Automotive’s business strategy and growth, and it supports the company’s development… Continue reading Valmet Automotive strengthens significantly its financial resources
Tag: Electric vehicles
Nissan Micra to get all-electric avatar globally
Nissan will replace the Micra hatchback with an all-new electric model internationally. While the Micra was discontinued from India a few years ago, a replacement was introduced overseas, which will now see a successor in the form of an all-new CMF-BEV platform-based model. The Micra replacement will be based on a new EV platform shared with Renault, as… Continue reading Nissan Micra to get all-electric avatar globally
@Renault: Renault, Nissan & Mitsubishi Motors announce common roadmap Alliance 2030: Best of 3 worlds for a new future000354
Renault, Nissan & Mitsubishi Motors announce common roadmapAlliance 2030: Best of 3 worlds for a new future The 2030 roadmap focuses on pure electric vehicles and connected mobility. Aims to enhance usage of common platforms to reach 80% in 2026. Mitsubishi Motors to reinforce presence in Europe with two new models based on Renault best-sellers.… Continue reading @Renault: Renault, Nissan & Mitsubishi Motors announce common roadmap Alliance 2030: Best of 3 worlds for a new future000354
Indian ride-hailing app Ola to open £100m electric car facility in Coventry
Indian ride-hailing app Ola to open £100m electric car facility in Coventry New boost to UK auto industry after tech giant and scooter maker invests in R&D plant to develop electric vehicles Ola claims to be the world’s third-largest ride-hailing app. It also makes an electric road-going scooter. Photograph: Manjunath Kiran/AFP/Getty Images Ola claims to… Continue reading Indian ride-hailing app Ola to open £100m electric car facility in Coventry
UK electric vehicle charging network is lagging behind, says Volkswagen
UK electric vehicle charging network is lagging behind, says Volkswagen ‘Charging anxiety’ may prevent the government from meeting its 2030 target for mass adoption of zero-emission cars Alex Smith, the managing director of Volkswagen Group UK, Photograph: Graeme Robertson/The Guardian Alex Smith, the managing director of Volkswagen Group UK, Photograph: Graeme Robertson/The Guardian The lack… Continue reading UK electric vehicle charging network is lagging behind, says Volkswagen
Musk’s bets on Tesla: no human drivers this year, robots next
Tesla CEO Elon Musk attends the Tesla Shanghai Gigafactory groundbreaking ceremony in Shanghai, China January 7, 2019. REUTERS/Aly Song/File Photo Register now for FREE unlimited access to Reuters.com Register Jan 27 (Reuters) – Tesla’s most important products this year and next will not be cars, CEO Elon Musk said on Wednesday, but software that drives… Continue reading Musk’s bets on Tesla: no human drivers this year, robots next
Tesla battery maker LG Energy Solution surges on record market debut
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Taiwanese battery maker ProLogium inks investment deal with Mercedes-Benz …
Taiwanese battery maker ProLogium Technology Co on Thursday said it has signed a cooperation agreement with Daimler AG’s Mercedes-Benz to build test vehicles equipped with co-developed solid-state batteries in the coming years. ProLogium in a statement said it will receive “high double-digit” million euros in investment from the German luxury car maker which will also take a seat… Continue reading Taiwanese battery maker ProLogium inks investment deal with Mercedes-Benz …
CEO Mary Barra says GM “aggressively moving” on electric vehicles, says automaker could top Tesla – CBS News
General Motors is doubling down on electric vehicles. GM is investing nearly $7 billion in Michigan to build a new battery plant and overhaul an existing factory to make electric trucks. The company says this will create 4,000 new jobs and marks its largest-ever one-time investment in EVs. Overall, GM plans to spend $35 billion… Continue reading CEO Mary Barra says GM “aggressively moving” on electric vehicles, says automaker could top Tesla – CBS News
Switch Mobility closing in on $200 million fund raise, says Dheeraj Hinduja – Economic Times
Switch Mobility, the electric vehicle arm of India’s second-largest truck maker Ashok Leyland, is in the final stages of raising $200 million dollars at a valuation of over $1.4 to $1.8 billion to fund its capex plans. The deal announcement is expected within 8-12 weeks. Nearly 70 investors from the US, Europe and the Middle… Continue reading Switch Mobility closing in on $200 million fund raise, says Dheeraj Hinduja – Economic Times