China’s biggest electric-car maker will gain a stock market listing in an asset swap valuing the state-backed manufacturer at 28.8 billion yuan ($4.5 billion) and giving investors a bigger chance to participate in the world’s largest market for new-energy vehicles. One of BAIC Group’s publicly traded affiliates, Chengdu Qian Feng Electronics Co., will buy Beijing Electric… Continue reading China’s Biggest Electric-Car Maker to List in $4.5 Billion Deal
Tag: M and A
22 Jan 2018 Driveline Major programme wins power GKN to £2bn eDrive order book
Significant contract wins strengthen GKN’s leadership position in eDrive Sales forecast to grow from £33 million in 2017 to £500 million by 2022 Company introducing next-generation electric driveline technologies and rapidly bringing full systems capability to the market R&D spend in 2017 totals £36 million making £123 million over the past six years and securing… Continue reading 22 Jan 2018
Driveline
Major programme wins power GKN to £2bn eDrive order book
48V all-electric prototype systems
Valeo’s new low-voltage (48V) all-electric prototype has make its world début at CES 2018. As countries and major cites become more and more intent on reducing CO2 emissions, this system offers a new angle on the future shape of urban mobility. The 48V all-electric tech demo was developed in partnership with Shanghai Jiao Tong University.… Continue reading 48V all-electric prototype systems
Comparing Lidar and Photogrammetric Point Clouds – 19/01/2018
Point Clouds for Inspecting Flood Control Structures Airborne Lidar and photogrammetry are both viable methods for capturing point clouds for 3D modelling of man-made hard structures. Although both methods produce point clouds, the manner of capturing data differs in many ways, resulting in point clouds with differing characteristics. In this article, the author evaluates Lidar… Continue reading Comparing Lidar and Photogrammetric Point Clouds – 19/01/2018
SEAT accelerates its international offensive, expands strategic operations in Algeria
SEAT President Luca de Meo, SEAT Vice-President for Purchasing Klaus Ziegler, and Mourad Oulmi, the CEO of SOVAC and SOVAC Production, SEAT’s importer and the assembly partner of the Volkswagen Group in Algeria, met with Algerian Prime Minister Ahmed Ouyahia and Industry Minister Youcef Yousfi to discuss the future of the automotive industry in Algeria… Continue reading SEAT accelerates its international offensive, expands strategic operations in Algeria
Volkswagen launches pre-series stage of next Golf
Together with its suppliers, the Volkswagen brand is making intensive preparations for the next Golf generation1.At the “Golf 8 Supplier Summit” held at the Volkswagen Arena, the Board Member for Procurement Ralf Brandstätter and Karlheinz Hell, Head of the Compact series group, underscored the importance of the new generation for the brand and for the… Continue reading Volkswagen launches pre-series stage of next Golf
Qualcomm & NXP – EU allows takeover
The European antitrust authorities have allowed Qualcomm to acquire NXP. The semiconductor industry could get a new heavyweight: Qualcomm, The company has been dedicated to vehicle networking in the form of 5G and C-V2X – also with a view to the autonomous driving. The semiconductor manufacturer NXP is also strongly represented in this segment. Qualcomm… Continue reading Qualcomm & NXP – EU allows takeover
Subsidies for new energy cars to be cut again
Employees work at an electric vehicle manufacturing factory in Kunming, Yunnan province. [Photo by Yang Zheng/For China Daily] Subsidies for new energy cars will be cut further this year before being phased out in China altogether by the end of 2020, a source close to the matter said on Wednesday. The move would accelerate the… Continue reading Subsidies for new energy cars to be cut again
Navya in London
In partnership with Michelin, Navya will provide its shuttles in London. Navya shuttle bus Later this year, a fleet of Navya E-shuttles through London drive. The vehicles are to be equipped with a rim technology from a company of the Michelin Group for the uneven road surfaces. It is not the first appearance of the… Continue reading Navya in London
Turo car sharing marketplace launches in Germany
Peer-to-peer car sharing platform Turo is expanding to Germany officially starting today, after acquiring Daimler’s Croove in-house product forpvoding essentially the same service last September. Turo also received a significant strategic investment from Daimler at the same time as it acquired the automaker’s cars sharing experiment, and it now operates peer-to-peer rental services in the… Continue reading Turo car sharing marketplace launches in Germany