Tesla CEO Elon Musk Kicks Off Delivery of Electric Semi Trucks
Instead of designing the Tesla Semi as either a right or left-hand drive truck, Tesla placed the steering wheels in the center of the vehicle with screens overlaying the sides.
Geely and Concordium Launch Blockchain Venture in Wuxi, China
Together with Geely Digital Technology, Concordium announced it has developed several applications, including the BaaS platform, blockchain traceability, and decentralized apps.
Volvo Partners with Starbucks to Launch EV Charging Stations at Coffee Giant’s Stores
Volvo will establish its electric car charging infrastructure at 15 locations between Denver to Seattle. The company will monitor all these stations closely and assess the usage by electric vehicles to decide on future expansion.
EV Startup Togg Partners with Ava Labs to Design Smart Contract-based Mobility Services
Togg will be able to create a smart contract, riding on Avalanche’s support, to enable its product owners to pick up a reserved scooter or taxi, a move that is being designed to prevent a halt in mobility while user’s cars are charging.
Volvo Cars to Raise $2.9B in IPO as It Looks to Go Public in Stockholm
The projected valuation of Volvo Cars in the forthcoming IPO is billed to be obtained based on the broad interest from local investors.
Swedish EV Maker Polestar Seeks Public Market Debut via Guggenheim-Backed SPAC Merger
Following the SPAC merger, the current investors in the Swedish Polestar outfit will roll their investments in the new company and retain as much as 94% of the combined entity.
Automobile Giant Volvo Cars Plans for $20 Billion IPO This Year
While there have been different anticipations for Volvo valuations, at $20 billion, the company’s valuations will be at six times its earnings.
NIO Stock Down 8% in Pre-market, Company Announces Halt in Auto Production
Nio has recorded impressive results in auto production in the past two quarters. But the current halt may be risky for the performance of the company.
Louis Vuitton, Chanel and Volvo to Expand their Markets in Thailand via Japanese Chat App Line
By Darya Rudz
Line is by far the most popular messenger app in Thailand. After Japan, it is its second-largest market. Right now, it has almost 40 million active users in Thailand.
Volvo Stock Up 1.54% as Company Reports Better-Than-Expected Profits in Q2 2020
Volvo said that the COVID-19 outbreak has severely disrupted the company’s production output and supply chain. However, the company’s overall business with trucks, buses, engines, and construction equipment remained overall profitable.
Aston Martin Is in Last-Minute Talks with Lawrence Stroll and Geely Group
It is believed that in the nearest future Aston Martin may get impressive funds from two separate investors.
Isuzu Set to Buy Volvo Unit UD Trucks for 250 Billion Yen
Isuzu Motors Ltd. is set to acquire UD Trucks owned by Volvo Group for 250 Billion Yen ($1.3 Billion). This deal is said to be very beneficial for Volvo.
Glencore PLC Is to Use Responsible Sourcing Blockchain to Track Cobalt
Glencore will leverage the RSBN blockchain network to trace cobalt moving from one place to another. Glencore plans to get a full-time membership for RSBN by February 2020.
Volvo Cars Joins Responsible Sourcing Blockchain Network
Volvo car became the first carmaker to implement global traceability of cobalt used in its batteries by applying blockchain.
Tesla Is to Begin Manufacturing Electric Vehicles in China
The Chinese authorities have given approval to Tesla to begin manufacturing electric vehicles locally.