With this new factory in China, Panasonic establishes a global battery cell production system for eco-friendly vehicles. Osaka, Japan – Panasonic Corporation announced today that it held an opening ceremony for a new automotive lithium-ion battery factory in Dalian, China. The factory is Panasonic’s first automotive battery cell production site in China. Panasonic will further… Continue reading Panasonic Opens New Automotive Lithium-ion Battery Factory in Dalian, China
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Aston Martin Suspends EV Partnership With Struggling Chinese Tech Firm LeEco
Aston Martin Lagonda Ltd, a British luxury sports car manufacturer, has suspended a previously announced partnership with struggling Chinese tech company LeEco to jointly develop electric vehicles for the global markets. It is unclear why Aston Martin decided to suspend the partnership, but it is most likely directly related to LeEco’s financial troubles as LeEco… Continue reading Aston Martin Suspends EV Partnership With Struggling Chinese Tech Firm LeEco
Mon 10 Apr 2017 Detroit Electric prepares EV talent recruitment drive in the UKDetroit Electric’s Chief Technical Officer and Company Director Richie …
Recruitment of new senior team at EV company’s UK facility under way Group CTO and Company Director, Richie Frost, to lead the staffing strategy First technical roles already appointed at Leamington Spa factory Staffing drive is enabled by US$1.8 billion dollar joint venture deal Leamington Spa, UK – Detroit Electric’s Chief Technical Officer and Company… Continue reading Mon 10 Apr 2017 Detroit Electric prepares EV talent recruitment drive in the UKDetroit Electric’s Chief Technical Officer and Company Director Richie …
Aston Martin Vanquish Zagato Shooting Brake styling shown in life-size model
Aston Martin‘s Vanquish Zagato Shooting Brake has been shown in a life-sized model ahead of production. The car will be Aston’s Q bespoke division’s first to be specced in the brand’s Q Lounge virtual reality system. Aston revealed the limited-run Vanquish Zagato Shooting Brake in full late last year, following confirmation that the model will go into 99-unit production.… Continue reading Aston Martin Vanquish Zagato Shooting Brake styling shown in life-size model
Temasek Invests In Mobile To Bring 2017 Total Funding To $300M For Bike Share Firm
Chinese bike sharing company Mobike has received new strategic investment from Singapore’s state investment firm Temasek Holdings and existing investor Chinese investment firm Hillhouse Capital to raise a total of over US$300 million since the start of 2017, a tremendous feat for a start-up with actual operation time of less than one year. In January,… Continue reading Temasek Invests In Mobile To Bring 2017 Total Funding To $300M For Bike Share Firm
China’s Didi Sued For Talent Poaching By Alibaba-Owned AutoNavi
Chinese mapping company AutoNavi Holdings Ltd., owned by Alibaba Group Holdings Ltd., has sued Didi Chuxing for unfair competition, alleging the ride-sharing company poached eight veteran engineers from its team and asking for RMB75 million (US$10.9 million) in damages, according to court documents. AutoNavi said that one senior manager and six engineers with knowledge of… Continue reading China’s Didi Sued For Talent Poaching By Alibaba-Owned AutoNavi
Foxconn Invests In Mobike As Part Of Strategic Partnership On Global Expansion
Foxconn Technology Group has invested an undisclosed amount in a strategic investment in China’s bike sharing company Mobike as part of a wider partnership, the companies announced today. The exclusive strategic partnership will enable Mobike to increase global production capacity of its smart bikes to over 10 million units annually, and reduce the cost of… Continue reading Foxconn Invests In Mobike As Part Of Strategic Partnership On Global Expansion
BMW and Daimler let Apple flash off with iCar
Apple is suffering a setback in its expansion into the car market. According to “Handelsblatt” both BMW and Daimler reject a partnership with the IT giant. BMW headquarters in Munich Thursday, 21.04.2016 10:56 The US company Apple apparently failed with his attempt, along with BMW or Daimler to build a car. Appropriate negotiations are over,… Continue reading BMW and Daimler let Apple flash off with iCar
TVR Purchases Classic TVR Parts Business
As part of its ongoing plans to support existing TVR owners, TVR is pleased to announce the purchase of the parts business of David Gerald/Classic World Racing which focused on pre-1980 TVRs.
As part of its ongoing plans to support existing TVR owners, TVR is pleased to announce the purchase of the parts business of David Gerald/Classic World Racing which focused on pre-1980 TVRs.
This initiative will achieve 3 important goals. Firstly, it will allow for the smooth transition of parts, including many quite rare parts for pre-1980 cars, to the already impressive stock held by TVR Parts Limited. Secondly, it means that TVR Parts Limited, the sole appointed distributor of TVR Genuine Parts, now has a comprehensive licence and access to even more historical records to better support TVR cars from every era. Finally, it will allow Classic World Racing to focus on its core business of servicing, restoring and maintaining TVRs to the highest of standards, preparing many of these cars for exhilarating track day and race winning performance.
Commenting on the deal, Chairman of TVR Manufacturing Les Edgar said, “This acquisition allows our licensed partners ‘TVR Parts Limited’ to expand the world’s deepest and widest range of stock of TVR Genuine Parts, giving even more comprehensive levels of support to existing TVR owners. All sections of the TVR community should welcome this enhancement, since a stronger TVR Parts business allows for continuity of supply, keener prices and ever-better service for owners of our much-loved cars.”
For his part, Chairman of TVR Parts Limited Graham Love added, “We are delighted to have added the pre-1980 models to the very extensive range of Genuine TVR parts we already carry, making TVR Parts Ltd the comprehensive one stop shop for all TVR owners, regardless of the age of their cars. We look forward to welcoming all owners of pre-1980 TVRs as valued new customers.”
Mike Luck, owner of Classic World Racing, said he was extremely pleased to see his parts business become part of such an exciting development. “Our parts business deserved a secure future and it is fitting that the historic records and tooling have returned back to TVR ownership.”
Much Loved British Sports Car Brand TVR Returns
Revered British sports car brand TVR is to make a welcome return to Britain after its owner, Russian businessman Nikolai Smolensky, agreed to sell the brand rights and all other assets to a syndicate of British investors.
Revered British sports car brand TVR is to make a welcome return to Britain after its owner, Russian businessman Nikolai Smolensky, agreed to sell the brand rights and all other assets to a syndicate of British investors.
The syndicate, incorporated as ‘TVR Automotive Ltd.’, now owns all TVR’s IP including its global trademarks, patents and designs. Also included in the sale were the entirety of TVR’s physical assets, including engines, chassis, jigs, body parts and spares, together with large amounts of historical documentation in both hard and soft copy formats.
Commenting on the acquisition, Chairman of TVR Automotive Les Edgar said, “It’s a tremendously exciting day and superb news for TVR enthusiasts and owners at home and abroad. Having lamented the demise of the famous Blackpool-based company, lovers of British sports cars everywhere now have something to celebrate. TVR is back where it belongs.”
Reflecting on the process of landing the brand back in Britain, the investors have put on record their thanks to Nikolai Smolensky for clearing the way for the acquisition and sincerely appreciate the cooperation received.
For his part, Mr. Smolensky added, “I am pleased to see TVR returning to its home country and, along with all sports car fans, look forward to what’s coming next. I’m confident TVR Automotive will do a great job.”
Les Edgar continued, “Our intention is to build new TVRs in the best traditions of the much loved classics. Planning is well under way for all-new cars, but we also intend to support the existing TVR community. Owners, enthusiasts and specialist engineering firms have kept the thunder rumbling these past few years and we’re looking forward to meeting and building great relationships with everyone.”