The deal is the latest SPAC merger in the U.S. electric-vehicle business, which has seen many high-profile firms such as Nikola Corp and Fisker Inc go public through this route. EVgo Services LLC said on Friday it has agreed to go public through a merger with blank-check firm Climate Change Crisis Real Impact I Acquisition… Continue reading EV charging network EVgo to go public via $2.6 bln SPAC deal
Tag: Renault
Asia’s chip crunch slams the brakes on carmakers’ COVID recovery
TOKYO/TAIPEI — Recovering demand for cars should make this a great time to be selling to the automotive industry — but for a Japanese executive at an affiliate of one of the country’s biggest software developers, it is deeply frustrating. The software he sells for cars is useless without computer chips to run it. And they are… Continue reading Asia’s chip crunch slams the brakes on carmakers’ COVID recovery
World NM: Renault Samsung Offers Voluntary Redundancy000766
Renault Samsung has started taking applications for voluntary redundancy amid dire prospects for its continuing operations in Korea. A total of 4,200 workers who have worked for the carmaker for more than two years are eligible to apply. Go to Source
Brexit: Nissan commits to keep making cars in Sunderland
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Brexit has given competitive edge on car battery tariffs, says Nissan chief
Nissan has said Brexit has given the company an edge, as the Japanese carmaker said it will buy more batteries from within the UK to avoid tariffs. The owner of the UK’s largest car factory, in Sunderland, also said it would push ahead with the production of a new version of its Qashqai SUV this… Continue reading Brexit has given competitive edge on car battery tariffs, says Nissan chief
Nissan forced to shut UK production line owing to supply delays
Nissan Temporary shutdown at Sunderland plant caused by disruption to supply chain during pandemic Coronavirus – latest updates See all our coronavirus coverage Workers at Nissan’s factory in Sunderland where one of two production lines has been paused. Photograph: Owen Humphreys/PA Nissan has been forced to shut one of the two production lines at its… Continue reading Nissan forced to shut UK production line owing to supply delays
INTERVIEW: R&D, tech vital for UK’s EV ambitions: Ex-Aston CEO – S&P Global
Highlights Norway EV sales hit 50% Rules of Origin important factor Not a singular race for raw materials London — The new year is shaping up to be the year of the electric vehicle, and to keep up the UK must invest not only in EV battery factories but also world-leading R&D and technology, Andy… Continue reading INTERVIEW: R&D, tech vital for UK’s EV ambitions: Ex-Aston CEO – S&P Global
Nissan to end Philippine auto assembly operations
MANILA — Nissan Motor will end its assembly operations in the Philippines in March as part of efforts to restructure its regional operations, the Japanese automaker said on Thursday. Nissan’s move comes as automakers in the country struggle to keep business humming amid the pandemic. Car sales in the Philippines fell 40% last year to… Continue reading Nissan to end Philippine auto assembly operations
New Renault 5 to be built in same French factory as original
The new Renault 5 EV is set to be produced at the firm’s Douai factory in northern France, where the original version of the supermini was built. Renault will revive the 5 name for an all-new electric hatchback that’s set to go into production in 2023 as a key part of a bold revival plan designed… Continue reading New Renault 5 to be built in same French factory as original
@niche: Praga launches new all-carbon R1000481
Praga Cars has officially launched the new Praga R1, the successor to its championship-winning lightweight all-carbon prototype-style racing car. The latest evolution of the Praga R1 features an all-new carbon fibre monocoque, splitter, floor, diffuser and rear wing alongside revised engine management software, improved electronics, adjustable pedals, larger fuel tank, revised suspension and in-car driver… Continue reading @niche: Praga launches new all-carbon R1000481