January 20, 2019 Two electric scooter startups, fresh off raising hundreds of millions of dollars last year, are now raising hundreds of millions more, according to multiple people familiar with the details. But the latest hard-fought deal terms for Lime and Bird Rides Inc. both peg the companies’ worth at far less than the lofty… Continue reading Lime, Bird said to raise millions in new funding at far lower valuation
Tag: M and A
Mercedes-Benz considers resuming car assembly in Egypt – MENAFN.COM
(MENAFN – Daily News Egypt) The planned localisation effort is being developed in close collaboration with the Egyptian government and was further concretised in recent successful discussions between Markus Schäfer, member of the Divisional Board of Mercedes-Benz Cars, Production and Supply Chain, and the President Abdel Fattah Al-Sisi in Cairo, and with the Prime Minister Mostafa… Continue reading Mercedes-Benz considers resuming car assembly in Egypt – MENAFN.COM
Boutique carmaker Karma Automotive, legendary design firm Pininfarina team up – Digital Trends
Boutique automaker Karma Automotive is teaming up with one of the greatest names in car design for its future luxury cars. During the Automotive News World Congress at the 2019 Detroit Auto Show, Karma CEO Lance Zhou announced a partnership with Pininfarina, the Italian design firm that has likely shaped more of history’s best-looking cars… Continue reading Boutique carmaker Karma Automotive, legendary design firm Pininfarina team up – Digital Trends
Allego And GIREVE Charging Networks Sign Interoperability Agreement
More charging points to be accessible using a single provider As in the U.S., also in Europe we see progressing consolidation and collaboration between charging operators. One of the latest partnership is between Allego charging network and GIREVE on an integrated platform for charging operators. According to the press release, GIREVE customers will get access to… Continue reading Allego And GIREVE Charging Networks Sign Interoperability Agreement
Tesla layoffs, US-built VW electric car, an electrified Detroit: The Week in Reverse
Cadillac electric crossover SUV based on GM BEV3 modular platform
Which Chinese automaker showed an electric minivan in Detroit?
What upcoming SUV will underpin a new “elegant” electric from Lincoln?
This is our look back at the Week In Reverse—right here at Green Car Reports—for the week ending January 18, 2019.
Last week, the CES show in Las Vegas was something of a disappointment for visitors looking for the latest in electric and self-driving car technology. The Detroit auto show, long a staple of big horsepower and heavy iron, provided the jolt for electric car fans that CES lacked, with several new-car introductions.
2020 Ford Explorer, 2019 Detroit auto show
Ford showed a hybrid version of its redesigned, top-selling Explorer for 2020. Following the show, the company revealed that it is working on an all-electric version of its top-selling F-Series pickup.
Cadillac gave a glimpse of its upcoming electric SUV for 2022 about which it revealed details in an investor conference last week.
GAC Entranze concept, 2019 Detroit auto show
Chinese automaker GAC revealed a new electric minivan concept that it says could be one of the first cars from a Chinese automaker to arrive in the U.S. in 2020.
Nissan revealed a new high-riding luxo-sedan concept, the IMs. It shares some details with last year's IMx concept, an electric crossover SUV expected to arrive in production form next year.
Infiniti QX Inspiration SUV concept, 2019 Detroit auto show
The company's luxury brand, Infiniti, also introduced a new electric concept, the QX Inspiration, that previews a new sporty crossover SUV due to arrive as part of the brand's electric transformation.
And Nissan discussed how it might position its new e-Power series hybrid system that's likely to also drive Infinitis in the U.S.
2019 Hyundai Kona Electric
In the North American car, truck, and SUV awards announced at the show the Hyundai Kona, including the Kona Electric, defeated the Jaguar I-Pace for the utility vehicle of the year award.
More automakers than usual made news at industry conferences immediately following the show, including Volkswagen, which announced that it will expand its factory in Tennessee to build electric cars for the U.S. and will partner with Ford to build light pickups and vans for overseas markets, in a deal that is expected eventually to encompass shared electric cars.
Volkswagen charging at VW Elli charging station
Separately, Volkswagen also announced that it will follow Tesla into the power business, with a new lineup of products and services. The effort is called Elli and it will sell electric-car chargers, manage renewable energy, and more, aimed at electric car customers.
Lincoln revealed that it will adapt a version of Ford's upcoming high-performance electric SUV into an “elegant” electric crossover vehicle.
Comments from General Motors President Mark Reuss suggested that the company is not planning any new hybrids to replace the Chevrolet Volt when it ends production in April, even though it is one of the best-selling plug-in cars in America.
2020 Hyundai Ioniq [2020 Euro-spec model]
Detroit also wasn't the only place where new cars were revealed this week. Hyundai showed a refreshed version of its Prius-fighting Ioniq lineup in Europe.
And we brought you a roundup of details about how Audi and Mercedes-Benz have smaller electric SUVs in the works to follow their upcoming mid-size offerings.
No week seems complete without news from Tesla, the EPA, or Faraday Future, either. Tesla announced it will lay off 7 percent of its workforce, about 3,200 people, even as it continues to try to build more Model 3s. The company also began selling a new portable charger that will deliver 40 amps at 240-volts.
NEVS 9-3 concept, 2017 CES Asia
After burying the hatchet with Faraday Future, the startup automaker's lead investor announced that it will invest in the Chinese company building electric conversions of the last Saab 9-3 in China.
Finally, as EPA Acting Administrator Andrew Wheeler headed to Capitol Hill in the midst of the government shutdown for confirmation hearings as the agency's permanent head, Colorado poked the bear with its announcement that it plans to join California in requiring automakers to sell electric cars there.
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BHEL, Libcoin to build India’s first lithium-ion battery plant: Govt
New Delhi: State-run BHEL and Libcoin are in talks to form a consortium to initially build a 1GWh lithium-ion battery plant in India, the government said Friday. The plant’s capacity will be scaled up to 30GWh in due course. “BHEL will be sending a team of senior officers for study of the facilities, R&D infrastructure… Continue reading BHEL, Libcoin to build India’s first lithium-ion battery plant: Govt
Helping Raise Awareness to Prevent Human Trafficking
From day one, we have been committed to the safety of our riders and drivers, and we strive to have a positive impact on every community we serve. With January being National Slavery & Human Trafficking Prevention Month, we are working to help raise awareness and taking action to prevent human trafficking. Through partnerships with… Continue reading Helping Raise Awareness to Prevent Human Trafficking
Mary Barra Says GM Has Never Replaced A Chevy Volt Or Bolt Battery Pack – InsideEVs
16 H BY WADE MALONE Mary Barra talks plant closures, autonomy and electric vehicles. On Wednesday, General Motors’ CEO Mary Barra sat down with KC Crane for an interview at the Automotive News World Congress in Detroit. GM had been taking a lot of heat in recent weeks over their decision to idle 4 U.S.… Continue reading Mary Barra Says GM Has Never Replaced A Chevy Volt Or Bolt Battery Pack – InsideEVs
Karma Automotive partners with Pininfarina
CHENNAI: Southern California-based Karma Automotive and the iconic Italian luxury design and engineering house Pininfarina have formed a partnership, Karma CEO Dr Lance Zhou announced today. The collaborative effort will unite each partner’s commitment to beautiful luxury automotive design and is a major addition to Karma’s growing list of strategic business partners who will play… Continue reading Karma Automotive partners with Pininfarina
Flash, the stealthy e-scooter and ‘micro-mobility’ startup from Delivery Hero founder, raises €55M Series A
Flash, the stealthy mobility startup from Delivery Hero and Team Europe founder Lukasz Gadowski, is de-cloaking today, with news that the Berlin-based company has raised a whopping €55 million in Series A funding. Despite rumours that multiple VC firms would be involved, the bulk of the new funding comes from Target Global via its mobility… Continue reading Flash, the stealthy e-scooter and ‘micro-mobility’ startup from Delivery Hero founder, raises €55M Series A