Fresh off a $12 billion initial public offering, Rivian Automotive Inc. is investing in a dizzying array of expansion projects, pursuing a site for a stand-alone battery factory in addition to new vehicle-assembly plants already planned. Among the states seen as a possibility is Michigan. The to-do list for the electric-vehicle maker will be funded… Continue reading Michigan seen among options for Rivian battery plant
Tag: Strategy
Toshiba announces plan to split into 3 separate businesses
Toshiba’s plan will see it spin off two core businesses — its energy and infrastructure unit as well as its device and storage operation. Japanese conglomerate Toshiba has confirmed plans to split the company into three separate businesses, BBC reported. Toshiba said the three companies would be focused on infrastructure, semiconductors and devices. The company… Continue reading Toshiba announces plan to split into 3 separate businesses
Hyzon Motors, Inc. Announces Third Quarter 2021 Financial and Operational Results with Significant Milestones Achieved and Building Momentum Across Asia, Europe and North America
ROCHESTER, N.Y., Nov. 12, 2021 /PRNewswire/ — Recent Business Highlights Received the first two purchase orders, for 62 trucks in total, pursuant to terms of the previously announced MOU to supply Shanghai Hydrogen Hongyun Automotive Announced a new strategic partnership with TC Energy, formerly TransCanada Corporation, for a broad, multi-year collaboration intended to leverage TRP’s… Continue reading Hyzon Motors, Inc. Announces Third Quarter 2021 Financial and Operational Results with Significant Milestones Achieved and Building Momentum Across Asia, Europe and North America
Honda Motor Adopts Oracle Cloud ERP to Automate and Standardize Indirect Purchasing
TOKYO, Nov. 12, 2021 /PRNewswire/ — Oracle Corporation Japan announced that it is helping Honda Motor improve the efficiency of its procurement for operations in Japan with Oracle Fusion Cloud Enterprise Resource Planning (ERP), optimizing the procurement cost of indirect materials. Honda and its group companies are adopting Oracle Fusion Cloud Procurement, part of Oracle Cloud ERP, to consolidate… Continue reading Honda Motor Adopts Oracle Cloud ERP to Automate and Standardize Indirect Purchasing
BUZZ-Toshiba’s Frankfurt shares drop on plans to split business
(Adds London-listed CDIs) ** Toshiba’s Frankfurt shares down around 4% after co announces plans to break itself into three independent firms ** Japanese co, whose plans comes hot on the heels of a similar move by U.S. giant General Electric, says it will spin off its energy and infrastructure business and its device and storage… Continue reading BUZZ-Toshiba’s Frankfurt shares drop on plans to split business
Technology · 12:50 PM UTCToshiba plans to split into three firms, rejects calls to go privateJapan’s Toshiba Corp outlined plans on Friday to split in…
TOKYO, Nov 12 (Reuters) – Japan’s Toshiba Corp (6502.T) outlined plans on Friday to split into three independent companies, seeking to appease activist shareholders calling for a radical overhaul after years of scandal. The move echoes a shift by fellow industrial conglomerate General Electric (GE.N) and will see Toshiba spin off core businesses – its… Continue reading Technology · 12:50 PM UTCToshiba plans to split into three firms, rejects calls to go privateJapan’s Toshiba Corp outlined plans on Friday to split in…
@niche: Xos, Inc. Reports Third Quarter 2021 Results001410
LOS ANGELES, Nov. 11, 2021 (GLOBE NEWSWIRE) — Xos, Inc. (NASDAQ: XOS), a leading manufacturer of fully electric Class 5 to Class 8 commercial vehicles, today reported financial results for the quarter ended September 30, 2021. Third quarter 2021 revenues were $357 thousand Third quarter 2021 net income was $34.9 million and operating loss was… Continue reading @niche: Xos, Inc. Reports Third Quarter 2021 Results001410
@niche: Charging Ahead: Introducing Our New Battery System, the Lyra Series™001409
Batteries are at the heart of every vehicle we produce. Range, charging speeds, durability, efficiency, and cost all come into play when we develop our battery systems. Xos batteries are specifically designed from the ground up to perform under the demands and rigors of commercial use. Our battery engineering team is always looking for the… Continue reading @niche: Charging Ahead: Introducing Our New Battery System, the Lyra Series™001409
@niche: Press Lordstown Motors Reports Third Quarter 2021 Financial Results001409
LORDSTOWN, Ohio, Nov. 11, 2021 (GLOBE NEWSWIRE) — Lordstown Motors Corp. (Nasdaq: RIDE), (“Lordstown Motors” or “LMC”), a provider of electric light duty trucks focused on the commercial fleet market, today released its third quarter 2021 financial results, and provided a business and financial outlook update. Third Quarter and Recent Key Business Highlights Reported third… Continue reading @niche: Press Lordstown Motors Reports Third Quarter 2021 Financial Results001409
Ballard Power announces acquisition of Arcola Energy to help customers integrate fuel cell engines into heavy-duty mobility
VANCOUVER, BC, LONDON and GLASGOW, Scotland, Nov. 11, 2021 /PRNewswire/ – Ballard Power Systems (NASDAQ: BLDP)(TSX: BDLP), a world leader in the design and manufacturing of PEM fuel cell engines for medium- and heavy-duty vehicles, today announced the acquisition of Arcola Energy, a UK-based systems engineering company specializing in hydrogen fuel cell powertrain and vehicle… Continue reading Ballard Power announces acquisition of Arcola Energy to help customers integrate fuel cell engines into heavy-duty mobility