Auto Industry

Reuters

Oct 30, 2021, 1:34 AM

Chinese Electric Vehicle Maker BYD Launches $1.8 Billion Capital Raising: Report

Chinese electric vehicle company BYD Co is raising up to $1.8 billion in a capital raising launched on Friday, a term sheet seen by Reuters showed.

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  car&bike Team | Oct 30, 2021

  Remodelling Of Hofu Plant Enhances Mazdas Flexible Production

  The heart of the remodelled assembly is a traverse dolly line. The system relies on "rootless" equipment, meaning that the plant does not use fixed conveyor belts or hangers

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  car&bike Team | Oct 30, 2021

  Volvo Cars Celebrates First Day Of Trading On Nasdaq Stockholm

  The initial public offering attracted strong interest from institutional investors in Sweden and abroad as well as from the general public in the Nordics.

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  Ameya Naik | Oct 30, 2021

  Volvo Car Group Takes Ownership Of Luqiao Plant From Geely Holding

  The manufacturing plant, which has been owned by Geely Holding with operational support by Volvo Cars since its inauguration in 2017, will continue to produce the Volvo XC40, the fully electric XC40 Recharge and Polestar 2 models.

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  Reuters | Oct 29, 2021

  Volkswagen Gets Reality Check After Tesla's Week Of Milestones

  Tesla shares surged as much as 14.9% to $1,045.02, making it the world's most valuable automaker according to Reuters calculations based on its latest filing.

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  car&bike Team | Oct 29, 2021

  Chip Shortage Leads Carmaker Opel To Shut German Plant Until 2022

  Production at the Eisenach plant, which makes internal combustion engine and hybrid electric cars, should start again in 2022, although an Opel spokesperson could not specify a date.

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  Reuters | Oct 29, 2021

  VW Labour Boss Wants Faster Electric Car Rollout At Wolfsburg

  Under its Trinity project, VW has been developing a flagship electric sedan to be built at Wolfsburg from 2026.

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  Reuters | Oct 29, 2021

  Spanish Ride-Hailing App Cabify Bets On Grocery Delivery Amid E-Commerce Boom

  Cabify, which also offers e-scooter hire and electric moped rental, did not provide financial projections for the new venture but said it would help avoid unnecessary trips, cut emissions and allow for a more efficient use of resources.

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  Reuters | Oct 29, 2021

  Ford JV Partner SK Sees U.S. Battery Shortage Persisting Until 2025

  Tight supplies of batteries pose a challenge to the Biden administration, which aims to boost EV production and reduce the country's reliance on imports for battery cells, components and materials.

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