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Autonomous vehicle technology company Nauto has entered into strategic agreements with three major autocompanies, including BMW i Ventures and Toyota Research Institute, as well as with Allianz Ventures, part of the leading global financial service provider and insurance company Allianz Group.
India-based Ola, one of the world’s largest ride-hailing companies, launched “ Mission: Electric ”, with a commitment to place 10,000 E-rickshaws and Electric auto-rickshaws in its service in the next 12 months. The company will develop “Mission: Electric” as a platform to bring one million electric vehicles on the road by 2021.
As the next step in Honda’s electrification strategy in North America, the company will focus on increasing hybrid volume of core models: CR-V, Accord and, in the future, Civic. To make room for these moves, Honda will conclude Insight production in June. —Mamadou Diallo, vice president of Auto Sales at American Honda Motor.
Xiaomi’s experience and insight in consumer behavior, technology knowhow and market trends can add tremendous value to what Xpeng Motors is set to achieve. The company plans to launch the P7 sedan in the spring 2020 and will start delivery in 2Q 2020. The company launched its first production model, the G3 SUV, in December 2018.
The United Auto Workers strike in the U.S. In this regard, pure-play EV-native companies like Tesla , Lucid and Rivian have an advantage: They are primarily high-tech companies and have these capabilities already embedded in their DNA. Future Success How should autocompanies set themselves up for ongoing success?
Rio Tinto is supporting the development of a battery ecosystem in Europe with an investment in Inobat Auto (InoBat), a Europe-based battery technology and manufacturing company. This investment will support the completion of InoBat’s research and development center and pilot battery line in Voderady, Slovakia.
We remain focused to play our role in fulfilling India’s commitment towards reducing carbon footprint from auto emissions and will offer more choice to customers with a portfolio of 10 EVs by 2026. The production of the 24kWh battery pack variants have been prioritized based on insights to match customer expectations at the time of delivery.
It appears that the Tesla Model S’ new Auto Shift function would also be rolled out to other vehicles like the Model 3 and Model Y. This was according to CEO Elon Musk, who recently posted his insights about the feature on Twitter. Auto detect direction will come as an optional setting to all cars with FSD.
Verisk, a leading data analytics provider, announced that Ford Motor Company has joined the Verisk Data Exchange. Owners of eligible Ford and Lincoln vehicles will soon have easy access to usage-based insurance programs from the many US auto insurers that connect to the Exchange—including three of the ten largest US carriers.
In a series of media workshops this week at the Gläserne Manufaktur in Dresden, Volkswagen will provide more insight into the technology of the ID. The company is demonstrating the centerpiece of the MEB—the rolling chassis without the bodywork and interior—exactly as it will be used in series models. billion (US$1.5
Image credit: CnEVPost) As one of the most important auto shows in several years, the ongoing Shanghai auto show is attracting a lot of interest. This year's Shanghai auto show began last week, with media days on April 18-19, professional visitor days on April 20-21, and general public access on April 22 - 27.
In time with the Detroit auto show, Chinese automaker Geely announced its first electric car planned to go on sale worldwide. Called the GE11, Geely's first global electric car is a sedan about the size of a Honda Civic or Insight, with a similar sloping fastback design.
After completing a year-long pilot project, Ford’s new Vehicle Build Data API product has allowed State Farm to better understand how ADAS on specific vehicles impact the overall frequency and severity of auto claims. State Farm is also sharing claims data with Ford to help inform them on how specific vehicle features impact auto claims.
More than 100 plug-in models are projected to be available by 2022 as auto manufacturers such as VW, Ford, Nissan, and GM continue to announce more affordable and practical EV options. The company counts thousands of daily customers for its Renewable Diesel and Flex Fuel E85 products.
Bajaj Auto appoints Pitchfork Partners to lead strategic communication mandate. 13 th April, 2022 , Mumbai: Bajaj Auto, the world’s most valuable two-wheeler and three-wheeler company, has assigned the mandate for handling communication initiatives to Pitchfork Partners Strategic Consulting LLP. It is India’s No.1
The company continues to apply its big data capabilities to increase taxi drivers’ work efficiency and income. DiDi is also working closely with taxi companies to help them build intelligent IT and driver management systems. In 2017, taxi drivers completed 1.1 billion rides on DiDi.
Self Financial, a fintech company, has compared the running costs of electric and non-electric vehicles in each state. If you’re looking to buy, remember, the longer your auto loan term, the more it will typically cost you. per year to run—a difference of $633.94
Euler Motors bags 2,500 small electric CVs orders from e-commerce companies . Electric vehicles are becoming more common in fleet manufacturers, e-commerce companies are opting for electric vehicles for their fleet operations for the first and last-mile operations. The deliveries of the autos will be taken place in 6-8 months.
Honda will invest $700 million to re-tool several of its existing auto and powertrain plants in Ohio for production of electric vehicles. Honda’s EV hub will leverage the company’s longstanding production, product development, and purchasing operations located in Central Ohio. Combined withe the $3.5-billion
Tata Technologies, which provides engineering services to auto, aero and heavy machinery makers, will set up skilling centres in 50 government-run industry training organisations. The latest investment is part of a larger commitment from Tata Group companies, such as Tata Consultancy Services and Tata Advanced Systems, to expand in the state.
The most visible - and reliable - weathervane of Chinese automaker success is each company's quarterly, semi-annual and annual reporting of profit from operations, and its total asset/total debt ratio.
Power and Motorq , a leading connected vehicle analytics and infrastructure company, have announced a strategic alliance to provide the automotive industry with insights based on connected vehicle data. The first product from the alliance will measure real-world electric vehicle (EV) battery health.
In a pre-Christmas media event, Ford president and CEO Mark Fields said while 2014 was a good year for the company, 2015 has the potential to be a “ breakthrough year ”. If you think about mobility, that’s what we’ve been doing since Henry Ford started the company. We want to make it easy for the customer to interact with our company.
On the 4C fast-charging solution, the Dragon Armor Battery has a 32 percent higher pack capacity compared to 46-series high nickel cylindrical batteries, the company said." What does capacity mean here? How is it connected to the fast-charging solution and what do they mean by that?
Ola’s MoveOS is one of the most advanced software platforms for scooters that the company has upgraded every year to future proof the vehicles for its customers and enrich their riding experience. S1 X+ will get the upgrade in the coming months, the company said in a media release.
The company has also patented an E-Scooter rental management system and a leasing program, both of which have received widespread recognition. a prominent innovator in electric two-wheelers and AIOT smart sharing mobility, has begun discussions with key Indian automotive companies for a substantial technology transfer.
and its long-term Chinese partner BYD Auto Industry Co., In 2010, both companies signed the contract for the 50:50 research and technology joint venture BYD Daimler New Technology Co., In 2021, the company already offers four all-electric Mercedes-EQ models in China, three of which are locally produced. Earlier post.)
The partnership comes as the European auto industry readies for a “battery passport” that will trace the content and carbon footprint of EV cells sold in Europe. Circulor CEO Douglas Johnson-Poensgen said the company was currently talking to companies up and down the EV battery cell supply chain. billion) investment.
The country has gone from having two nickel smelters to 27 over the last 10 years, with 22 more planned, according to S&P Global Commodity Insights. PT Indonesia Weda Bay officials declined to be interviewed by the AP but the company said in statement it has planted more than 10 square kilometers (about 4 square miles) of new trees.
In fact last year, the company sought approval from the Competition Commission of India (CCI) to acquire a 24.5% This is merely a financial investment without providing the company any special rights in Pricol other than the rights as a shareholder,” Minda Corp had then said. In February last year, Minda Corp acquired a 15.7%
Ipsos, the global research and insights organization, explored consumer thoughts in its third annual Global Mobility Navigator Syndicated Study. Todd Markusic, Vice President, Ipsos Mobility, said the Global Mobility Navigator Syndicated Study uncovered interesting insights on how drivers truly feel about self-driving cars.
The two companies will announce the location for the factory, which should cost a “few hundred million dollars” in the near future, CEO Vincent Pluvinage told Reuters. The company says the process also saves money for automakers seeking affordable EV models. Nanowires are ultra-thin wires.
The likely decline in profit also reflects a strong performance in 2022, when the company, whose customers include Apple and Nvidia, was still riding high on pent-up post-pandemic demand. billion in the year-earlier period, but that still beat both the company’s and market’s expectations. billion ($7.21 billion ($20.10
India, he said, had signed cooperation pacts with the US, the EU, and Japan and was working with the South Korean as well as South Korean companies in the semiconductor space. “We We think there is enough for everybody. It is a question of how much importance we give, how much talent we put in it and how focused we are on it,” he said.
I get that everyone heavily leveraged in EV stocks wants every single piece of information they can get on their portfolio companies but the transition to EVs is fascinating for many non-leveraged automotive enthusiasts to follow.
I am flirting with a cliché here, I know, but the weather seemed to be a metaphor for how the 2023 Los Angeles Auto Show media day drove perception of the automotive industry's health. As I said, the amount of activity at any one given auto-show media day might not provide great insight to the bigger picture.
Ajay Gopalswamy , founder and chief executive of the Bengaluru-headquartered company, told ET that the money will be used to expand across sectors such as cars, home appliances and electronics, as investment and volume in manufacturing go up. The company has delivered more than 1,000 projects to some 300 customers across 15 countries.
General Motors has launched a new business, BrightDrop , which will offer an ecosystem of electric first-to-last-mile products, software and services to empower delivery and logistics companies to move goods more efficiently. Cargo area security system with motion sensors to help keep cargo secure. Future concepts.
According to the Q3 2024 Used EV Market Report shared by Recurrent Auto last Wednesday, used EV prices appear to be stabilizing—particularly in the $20,000 to $25,000 price range. The firm also notes that they update the mix of vehicles included in the index each year, in order to better reflect current auto inventories.
The way cars are used here, the ways in which cars interact with the environment, the way in which human beings reside in urban centers in China are profoundly going to seed the development of the auto industry in every other part of the world. . … China wants to lead a revolution in transportation, not follow. Private sector.
According to data released by Kelley Blue Book, a Cox Automotive company, the average transaction price (ATP) for a new vehicle in the United States in November 2022 hit a new record high of $48,681. —Rebecca Rydzewski, research manager of economic and industry insights for Cox Automotive.
The auto industry continues to shift toward electric vehicles (EVs), and while sales growth has slowed somewhat this year at many companies and in many markets, recent guidance shows that it may only be in the near-term. Last month, Bloomberg data suggested that the ongoing EV sales slowdown in the U.S.
In a recent note about Tesla’s future in China, Morgan Stanley (MS) acknowledged the company’s tendency to attract exaggerated media coverage. The investment bank shared some insights from its China Autos and Auto-related team in a note about American EV company.
The five largest auto manufacturers will face massive U.S. This report examines auto industry lapse trends and how a company’s decisions on keeping, selling or pruning patents can greatly impact its cost savings and revenue generation opportunities. Get the insights. patent fees within the next five years.
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