Auto Industry
car&bike Team
Oct 30, 2021, 12:34 AM
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, 2021Volvo Car Group Takes Ownership Of Luqiao Plant From Geely HoldingThe 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.1 min read
Reuters | Oct 29, 2021Volkswagen Gets Reality Check After Tesla's Week Of MilestonesTesla 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.1 min read
car&bike Team | Oct 29, 2021Chip Shortage Leads Carmaker Opel To Shut German Plant Until 2022Production 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.1 min read
Reuters | Oct 29, 2021VW Labour Boss Wants Faster Electric Car Rollout At WolfsburgUnder its Trinity project, VW has been developing a flagship electric sedan to be built at Wolfsburg from 2026.1 min read
Reuters | Oct 29, 2021Spanish Ride-Hailing App Cabify Bets On Grocery Delivery Amid E-Commerce BoomCabify, 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.1 min read
Reuters | Oct 29, 2021Ford JV Partner SK Sees U.S. Battery Shortage Persisting Until 2025Tight 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.1 min read
car&bike Team | Oct 29, 2021BMW Invests In Lithium Technology Startup Lilac SolutionsBMW said it sees Lilac's technology as a way to boost global production of the white metal as demand grows from the EV market.1 min read
Reuters | Oct 29, 2021Oil Settles Down But Off 2-Week Low; Supply Concerns In FocusU.S. crude stocks rose by 4.3 million barrels last week, the U.S. Energy Department said on Wednesday, more than double the 1.9 million-barrel gain forecast by analysts.1 min read
