GUANGZHOU — The world’s largest maker of batteries for electric vehicles, China’s CATL, says it will rev up production even higher, spending up to 29 billion yuan ($4.49 billion) to build or upgrade domestic factories to meet growing demand. This is in addition to plans Contemporary Amperex Technology Ltd. unveiled last year to boost capacity at a cost of… Continue reading EV-battery giant CATL to boost capacity with $4.5bn investment
Tag: Manufacturing
UK new car sales fall 40% in January as lockdown bites
Just over 90,000 new cars were sold in the UK in the slowest January for more than 50 years, according to industry figures released on Thursday. Sales fell 40% compared with January 2020 to 90,249, as the closure of car showrooms under lockdown compounded the economic gloom. The Society of Motor Manufacturers and Traders (SMMT)… Continue reading UK new car sales fall 40% in January as lockdown bites
@Geely: LEVC appoints Martin Rada as Managing Director LEVC Europe
4th February 2021, Ansty LEVC (London Electric Vehicle Company) today announces the appointment of Martin Rada as its new Managing Director for LEVC Europe Operations. LEVC’s European office is located in Frankfurt, Germany and Martin will oversee and manage all activities in the region. There are now 19 dealer partners across continental Europe, with further network growth planned… Continue reading @Geely: LEVC appoints Martin Rada as Managing Director LEVC Europe
Rad Power Bikes raises $150 million as electric bike sales boom
Electric bike sales boomed in 2020, a phenomenon driven by the COVID-19 pandemic and the disruption it delivered consumers’ daily lives. Now, Rad Power Bikes is reaping those rewards and using them to double its workforce and scale globally. The Seattle-based startup said Thursday it has raised $150 million from institutional investors including Morgan Stanley’s… Continue reading Rad Power Bikes raises $150 million as electric bike sales boom
Apple Car Manufacturing Partner Picked For 2024 Launch: Report
TipRanks 2 Stocks Flashing Signs of Strong Insider Buying Tracking insiders’ stock purchases can make a viable investment strategy. Corporate insiders – the company officers and board members – are naturally positioned to be in the know, to know how company policies and performance will impact stock prices. They can use that knowledge to inform… Continue reading Apple Car Manufacturing Partner Picked For 2024 Launch: Report
Luokung Announces Partnership Between EMG and Leading Electric Vehicle Manufacturer BAIC BJEV to Jointly Develop Mapping Services for Autonomous Driving
BEIJING, Feb. 4, 2021 /PRNewswire/ — Luokung Technology Corp. (NASDAQ: LKCO) (“Luokung” or the “Company”), a leading interactive location-based services company in China, today announced that its previously announced acquisition candidate, eMapgo Technologies (Beijing) Co., Ltd. (“EMG”) and Beijing New Energy Automobile Co., Ltd. (BAIC BluePark New Energy Technology Co., Ltd., Ticker: 600733.SH) (“BAIC BJEV”)… Continue reading Luokung Announces Partnership Between EMG and Leading Electric Vehicle Manufacturer BAIC BJEV to Jointly Develop Mapping Services for Autonomous Driving
Chip shortage hits General Motors production
Multiple plants will be affected next week due to backlogs affecting the whole car industry. Go to Source
ZF Announces $200 Million Investment in North American Commercial Vehicle Transmission Manufacturing
“ZF is a 106-year-old technology leader that has been in the U.S. for many decades, and this investment in U.S. manufacturing of sustainable driveline technology further proves our commitment to the North American commercial vehicle market,” explained Dr. Martin Fischer, President of ZF North America and Member of the Board of Management. “Together now with… Continue reading ZF Announces $200 Million Investment in North American Commercial Vehicle Transmission Manufacturing
Lear Reports Fourth Quarter and Full Year 2020 Results and Provides Full Year 2021 Outlook
SOUTHFIELD, Mich., Feb. 4, 2021 /PRNewswire/ — Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today reported results for the fourth quarter and full year 2020 and provided its financial outlook for the full year 2021. Highlights include: Fourth Quarter 2020 Sales of $5.2 billion, compared to $4.8 billion in… Continue reading Lear Reports Fourth Quarter and Full Year 2020 Results and Provides Full Year 2021 Outlook
@Renault: New LADA Largus: start of production000166
On February 4, AVTOVAZ started series production of the renewed LADA Largus family. The first car that rolled off the assembly line was LADA Largus Cross in the maximum configuration, painted in the new color “Karakum”.The new LADA Largus has been transformed externally, by having received an exterior and interior design in the modern LADA… Continue reading @Renault: New LADA Largus: start of production000166