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  • 3 settimane fa...

Il marchio di EV Polestar lancerà uno smartphone premium per rendere l'auto un telefono su ruote

La casa automobilistica svedese Polestar ha annunciato l'intenzione di lanciare uno smartphone di fascia alta nel 2024, in concomitanza con il debutto del suo prossimo SUV elettrico Polestar 4.

 

Il marchio di EV Polestar lancerà uno smartphone premium per rendere l'auto un telefono su ruote

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  • 2 mesi fa...


Volvo's new European EV plant will use Tesla-style Giga Press
Idra will supply Volvo with two giant Giga Press machines that are the size of a small house or a tennis court.

MILAN -- Idra, an Italian-based aluminum casting machine maker, has won a contract with Volvo Cars to install two of its largest presses at the automaker's new EV plant in eastern Europe.

The contract is for two 9,000 ton Giga Press machines, Idra said. The machines are the size of a small house or a tennis court. Idra did not disclose the value of the contract.

Volvo is building a $1.25 billion factory in Kosice, Slovakia, capable of making 250,000 electric vehicles a year. Series production of the automaker's next-generation EVs is scheduled to start in 2026.

Idra is a Tesla supplier and has recently added Ford and Hyundai to its customer base as more automakers explore this manufacturing technique. Idra is owned by China's LK Industries.

Tesla has pioneered the use of massive casting machines, known as Giga Presses, to make large single pieces of vehicle underbodies, streamline production and reduce the work even of robots.

Front and rear underbodies cast by the presses are combined with battery packs to form a three-piece chassis for battery-electric vehicles.
 

(ANE)

 

 

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Geely reduces Volvo stake; will continue to support Swedish automaker
Geely, whose holdings include Lotus and a stake in Aston Martin, said it will continue to support Volvo.

Chinese billionaire Li Shufu's Zhejiang Geely Holding Group is raising around $350 million selling part of its stake in Volvo Cars, responding to investor concerns about the automaker's limited free float.

Geely, which owns a web of automotive interests in Europe, offered approximately 100 million shares in the company at 37 kronor ($3.49) apiece, 9.4 percent below Thursday's closing price.

The sale of the 3.4 percent stake leaves Geely with a holding in Volvo of 78.7 percent, Geely said in a statement.

"The placing will increase the free float and further broaden the shareholder base of Volvo Cars. Proceeds received by Geely Holding are intended to be used to support business development within the group," it added.

Geely said it will continue to support Volvo. None of the cash from the share sale went to Volvo.

At 09:00 GMT, Volvo shares were down 10.2 percent at 36.66 crowns, having traded as low as 35.25 crowns.. The share is down 25 percent year-to-date.

The sale follows complaints from analysts and investors over the company’s small free float, which has put pressure on the stock and fueled high trading volatility. Volvo debuted in Stockholm two years ago at 53 kronor a share.

"This increase in our public float and improvement in trading liquidity benefits both new and existing investors," Volvo CEO Jim Rowan said in a separate statement.

The free-float concerns continue to put off long-term investors "despite the fundamental attractiveness" of the stock, Bernstein analyst Daniel Roeska said this month in a note.

Li's automotive holdings include Lotus Technology and a stake in Aston Martin. It picked up Volvo from Ford in 2010 after the brand had long languished under the U.S. automaker.

Geely earlier this year inked a deal with Renault to pool combustion-engine assets as the industry moves into the electric age.

Volvo launched the EM90 luxury battery-electric van this month aimed at China and Southeast Asia, where upscale vans are gaining in popularity.
(Reuters)

 

 

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  • 2 settimane fa...

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