US automaker General Motors will source more semiconductors directly from manufacturers to adapt to the ongoing global chip shortage, its CEO Mary Barra said on Friday. Barra’s comments came amid ten months of sporadic production line closures in the automotive sector due to the chip shortage and supply chain disruptions. All major automakers have been… Continue reading General Motors CEO: Chip shortage has forced supply chain rethink – Verdict
Tag: Strategy
Sun Mobility gets $50 million from Vitol to accelerate global EV infra network
Sun Mobility’s Chetan Maini: “As part of Sun Mobility’s long-term strategy to build affordable EV technologies in India, we will be deploying the funds into capacity expansion.” Bangalore-based Sun Mobility, the fast-growing provider of energy infrastructure and services for electric vehicles, has closed a $50 million (Rs 370 crore) funding round by Dutch energy and… Continue reading Sun Mobility gets $50 million from Vitol to accelerate global EV infra network
For cold days: Heated workwear from Bosch for professionals
The Robert Bosch Power Tools GmbH, a division of the Bosch Group, is one of the world’s leading providers for power tools, garden tools, power tool accessories and measuring tools. In 2020, its roughly 20,000 associates generated sales of 5.1 billion euros, about 85 percent of which outside of Germany. With brands such as Bosch… Continue reading For cold days: Heated workwear from Bosch for professionals
SMMT statement on Net Zero Strategy
19 October 2021 #SMMT News Mike Hawes, SMMT Chief Executive, said, The automotive industry is putting zero-emission vehicles on Britain’s roads at pace beyond all forecasts, such is the choice and appeal of these new models. A well-designed, flexible regulatory framework could help maintain or even increase this pace to ensure we deliver on our… Continue reading SMMT statement on Net Zero Strategy
@VW Group: Advancement of PTV with new partner Bridgepoint004040
Stuttgart, 19 October 2021. Porsche Automobil Holding SE (Porsche SE), Stuttgart, has partnered with Bridgepoint Advisers Limited (Bridgepoint), London, United Kingdom, to advance the further development of PTV Planung Transport Verkehr AG (PTV). In this context, the private equity group has acquired 60 percent of PTV, while Porsche SE retains a significant stake of 40 percent… Continue reading @VW Group: Advancement of PTV with new partner Bridgepoint004040
@VW Group: Volkswagen tests 5G for production on its way to smart factories004040
Volkswagen is taking a further step in the direction of fully networked factories. A local 5G standalone network (“campus network”) is now available at its main plant in Wolfsburg that initially covers the main production development center and the pilot hall. The pilot project will test whether the 5G technology meets the demanding requirements of… Continue reading @VW Group: Volkswagen tests 5G for production on its way to smart factories004040
Xpeng-backed urban air mobility company, HT Aero, raises $500M
HT Aero, an urban air mobility (UAM) company that’s an affiliate of Chinese electric vehicle manufacturer Xpeng, has announced a $500 million Series A raise. The company will use the funds to acquire top-tier talent, advance R&D and “continue to gain airworthiness provision and certification” as it advances towards the next generation of its vehicles,… Continue reading Xpeng-backed urban air mobility company, HT Aero, raises $500M
Grab Partners APSN to Provide Training and Employment Opportunities to Students with Special Needs
Grab to partner with APSN’s post-secondary special education school, APSN Delta Senior School, to ready its students with mild intellectual disability (MID) with adequate skills to succeed in the food delivery sector (left) Stanley Tang, Chief Executive Officer, APSN and (right) Ngiam Xin Wei, Managing Director for Deliveries, Grab Singapore at the MOU signing ceremony… Continue reading Grab Partners APSN to Provide Training and Employment Opportunities to Students with Special Needs
@Groupe PSA: PR Stellantis and LG Energy Solution to Form Joint Venture for Lithium-Ion Battery Production in North America002675
AMSTERDAM – Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) and LG Energy Solution today announced that their companies have entered into a memorandum of understanding to form a joint venture to produce battery cells and modules for North America. The parties intend that the joint venture will establish a new battery manufacturing facility… Continue reading @Groupe PSA: PR Stellantis and LG Energy Solution to Form Joint Venture for Lithium-Ion Battery Production in North America002675
@BMW: BMW i Ventures Announces Investment in Battery Startup Our Next Energy.001533
Mountain View, CA – October 18, 2021 – BMW i Ventures announced today an investment in Our Next Energy Inc. (ONE), a Michigan-based energy storage solutions company working to develop longer range, lower cost batteries for electric vehicles. “Our Next Energy is working to fundamentally reinvent the battery while focusing on sustainability, safety and cost; three… Continue reading @BMW: BMW i Ventures Announces Investment in Battery Startup Our Next Energy.001533