Leshi is fined 240.6 million yuan, and Jia is fined 241 million yuan for falsifying earnings, misreporting facts in IPO documentsFines come after Jia’s EV start-up FF, which has merged with a blank-cheque company, attempts to raise money in US
Global Passenger Vehicles Market is expected to rise from its initial estimated value of USD 1427.66 billion in 2018 to a projected value of USD 1804.31 billion by 2026, registering a CAGR of 2.97% in the forecast period of 2019-2026.
Passenger Vehicles market research report is a comprehensive analysis on the study of industry. Market research included in this report helps the management of a firm in planning by providing accurate and up- to-date information about the consumer’s demands, their changing tastes, attitudes, preferences, and buying intentions etc. Further, manufacturer can adjust production according to the conditions of demand which are analysed here. It also supports to secure economies in the distribution of products and find out the best way of approaching the potential. With the data covered in this Passenger Vehicles report, marketing of goods can be made efficient and economical which leads to elimination of all type of wastage.
Polestar targets world s first offset-free carbon neutral electric car by 2030
EV and hybrid carmaker Polestar is owned by Volvo | Credit: Polestar
The Swedish EV innovator revealed the goal in its first annual review, at which it also revealed plans to publish the full carbon footprint of its latest Polestar 2 vehicle
Swedish electric car innovator Polestar today announced a moonshot goal of creating the world s first truly climate neutral car by 2030.
Naming the project Polestar 0 , the firm said it would focus on eliminating emissions by changing the way cars are made rather than relying on offsetting, with Polestar CEO Thomas Ingenlath labelling offsets a cop out .
REUTERS
In January, Biden said the administration would replace the federal government s fleet of 650,000 vehicles with clean electric vehicles made right here in America made by American workers.
WASHINGTON California s two U.S. senators are urging President Joe Biden to set a firm date to phase out gas-powered passenger vehicles as the White House grapples with how to rewrite vehicle emissions rules slashed under President Donald Trump.
In an unreported letter going to Biden on Monday, U.S. Sens. Alex Padilla and Dianne Feinstein both of them California Democrats called on Biden to follow California’s lead and set a date by which all new cars and passenger trucks sold be zero-emission vehicles. They also urged Biden to restore California s authority to set clean car standards.
By Reuters Staff
1 Min Read
FILE PHOTO: A building of the Geely Auto Research Institute is seen in Ningbo, Zhejiang province, China August 4, 2017. REUTERS/Aly Song/File Photo
BEIJING (Reuters) - China’s Zhejiang Geely Holding Group plans to set up a commercial aerospace company to develop its satellite and communications technologies in the southern city of Guangzhou, local government said on Tuesday.
Geely, which owns Volvo Cars and 9.7% of Daimler AG, will also work with other rocket companies in Guangzhou, the government said.
The company was not immediately available for comment after usual business hours.
Geely is building low-orbit satellites to meet demand for high-speed connectivity capabilities that can deliver fast software updates. From around 2025, Geely’s cars will have more functions to connect to the satellites.