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Alibaba Invests in Chinese Electric Car Startup XPENG Motors

Dec 20, 2017

XPENG Motors has completed three rounds of series A+ financing and scheduled to disclose series B round in early 2018. He Xiaopeng, Chairman of XPENG Motors, announces that the company has completed three rounds of series A+ financing and ...

Tags: XPENG Motors, Alibaba

Kia Motors to Invest $1.1bn for Car Manufacturing Plant in India

May 2, 2017

South Korean automobile manufacturer Kia Motors is set to enter the Indian car market by investing $1.1bn to build its first factory in the country. The company signed a memorandum of understanding (MOU) with the State Government of ...

Tags: Kia Motors, Car Manufacturing Plant

Toyota to Invest £240m to Upgrade UK Car Manufacturing Plant

Mar 27, 2017

Toyota Motor Europe has announced a planned investment of £240m in its UK manufacturing facility at Burnaston in Derbyshire. The factory will be upgraded to allow the production of vehicles on the Toyota New Global Architecture ...

Tags: Car Manufacturing Plant, Toyota

Lucid Motors Selects Casa Grande for Electric Car Manufacturing Operation

Dec 16, 2016

Lucid Motors has selected Casa Grande for its electric car manufacturing operation. The facility will bring over 2,000 projected new jobs and more than $700m in capital investment to the region by 2022. Governor Ducey said: “Lucid ...

Tags: Lucid Motors, Electric Car

Harman Audio Tech Not Coming to The Galaxy S8

Nov 22, 2016

Samsung recently announced its plans to acquire connected car tech firm Harman, in a deal worth $8 billion – the company's largest ever acquisition. The move prompted many to speculate that Samsung could use Harman audio technology ...

Tags: Samsung, smartphone

Volvo Cars Unveils New Manufacturing Strategy for China

Nov 10, 2016

Volvo Cars has unveiled a new manufacturing strategy for China in which production capacity will be increased. China will be developed into a global manufacturing and export hub servicing growing demand for the company's new range of cars ...

Tags: Volvo Cars, Manufacturing Strategy

Aecom to Build Faraday Future's $1bn North American Electric Car Manufacturing Facility

Oct 24, 2016

US engineering firm Aecom has won a contract to build the $1bn electric car manufacturing facility for Faraday Future (FF) in North Las Vegas, Nevada. The 3 million ft2 and 900 acre development will create about 4,500 direct jobs over a ...

Tags: Electric Car, electric vehicles

Tesla Plans to Sell $1.7bn in New Stock to Fund Model 3 Car Production

May 23, 2016

Tesla Motors said it will sell about $1.7bn of common stock to fund the production of the newly announced Model 3 car, which is scheduled to hit the market in late 2017. The Model 3 achieves 215 miles of range per charge while starting at ...

Tags: Tesla Motors, Model 3 car

Axalta Introducing Sustainability-Boosting Harmonized Coating Technologies to China Car Makers

Sep 21, 2015

Axalta Coating Systems will showcase its Harmonized Coating Technologies, a consolidated coating system, in China at the SURCAR 2015 automotive body finishing show in Shanghai. Combining latest generation waterborne coatings with ...

Tags: Axalta Coating Systems, Harmonized Coating, waterborne coatings

Beijing to Invest Hefty Amount for New-Energy Cars

Aug 11, 2015

The Beijing Government in China is taking a call on investment worth tens of billions of yuan to bolster its alternative energy auto sector as part of a national strategy for coordinated development of Beijing-Tianjin-Hebei area. ...

Tags: New-Energy Cars, imported vehicles

China's Industrial Profits Down 0.3% in June

Jul 27, 2015

Profits at major Chinese industrial firms dropped 0.3 percent year on year in June, down from a 0.6 percent growth posted in May, the National Bureau of Statistics (NBS) said on Monday. He Ping, an official with the Department of Industry ...

Tags: Industrial Profits, China economy

Honda Motor Is All Set to Come up with a New Car Manufacturing Plant in Indian

Jul 2, 2015

Japanese automotive major Honda Motor is all set to come up with a new car manufacturing plant in the Indian state of Gujarat, moving towards inking a state support agreement (SSA) with the government by next four weeks. The Indian ...

Tags: Honda Motor, car manufacturing plant

Divergent Microfactories Introduced 3D Printing for Making Vehicles

Jun 29, 2015

Automobile manufacturing solutions firm Divergent Microfactories has introduced 3D printing for making vehicles by cutting down material costs and pollution, as exemplified in its newly-launched Blade car. Riding high on its ...

Tags: Automobile manufacturing, innovative vehicles, auto accessories

Auto World's Innovation Trends Are Shown on The Report

Feb 4, 2015

Geely is leading Chinese automakers in terms of innovative capacity, according to a report unveiled in late January by the intellectual property and science business of information provider Thomson Reuters. The report examined recent ...

Tags: automakers, Geely, automotive field

BRC Has Highlighted That Business Rates System Is in Need of Fundamental Reform

Dec 2, 2014

Publishing its submission to HM Treasury ahead of the Autumn Statement on 3rd December, the British Retail Consortium (BRC), has highlighted the consensus across the business world that the business rates system is in need of fundamental ...

Tags: Retail Consortium, HM Treasury, Furniture

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