Category: Cars

$750 million raised in Geely’s EV brand Zeekr fresh funding round

Zeekr, the electric car brand of China's Geely Automobile Holdings, is raising $750 million from five new and existing investors in a funding round that values the brand at $13…

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Uber Freight Laying Off 150, About 3% of Workforce

Uber Freight said Tuesday it will lay off roughly 150 employees, or about 3% of its workforce, as economic uncertainty hammers demand for shipping services. The division of rideshare company…

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Foxconn of Taiwan and Others Accelerate Investment in Mexico – Nikkei Asia Reported

Foxconn and other Taiwanese tech suppliers are increasing their production capacity in Mexico to meet a growing demand for electric vehicles (EVs) and servers to be made in North America, Nikkei…

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General Motors Recalls 740,000 U.S. Trucks, SUVs Over Headlight Issue

General Motors  said on Wednesday it is recalling 740,000 trucks and SUVs because daytime running lights may not deactivate when the headlights are on, potentially causing excess glare. The largest U.S.…

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Tesla considered exporting EVs from Shanghai to U.S and Canada

Tesla has considered plans for exporting made-in-China electric vehicles to the United States and Canada, two people with knowledge of the planning told Reuters, a step that would connect its…

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Foxconn Partners With Saudi Wealth Fund to Build Electric Cars

Saudi Arabia's Public Investment Fund and Taiwan's Foxconn Technology Group are moving ahead with plans to produce electric cars in the Middle Eastern country, a push that could help accelerate…

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Nissan Says Talks with Renault Focused on Better Competing in Electric Cars

Nissan Motor Co's talks with Renault SA on revamping their alliance are focused on strengthening competitiveness as equal partners and getting the most from their investment in electric cars, the Japanese…

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