Electric truck manufacturer Nikola plans to reverse split its shares at a ratio of 1 to 30
Jun 24, 2024
China and the EU Agree to Initiate Consultations on the EU's Anti-Subsidy Investigation into Chinese Electric Vehicles
According to the official website of the Ministry of Commerce, on June 22, Minister of Commerce Wang Wentao held a video meeting with the Executive Vice-President of the European Commission and Trade Commissioner Valdis Dombrovskis. Both parties agreed to start consultations on the EU's anti-subsidy investigation into Chinese electric vehicles.
German Vice Chancellor Visits BMW Group's R&D Center in Shanghai
On June 23, German Vice Chancellor and Minister of Economic Affairs and Climate Protection, Robert Habeck, visited the BMW Group's R&D center in Shanghai, which is located on the West Bund. The Chinese management of the BMW Group warmly received the delegation. Both sides had in-depth discussions and exchanges on topics such as intelligent connected vehicles and sustainable development.
Guangxi Beibu Gulf Port Carries Out Bulk Energy Storage Cabinet Export Business for the First Time
According to the "Beibu Gulf Port Shares" public account, Guangxi Beibu Gulf Port has recently achieved its first bulk export business of energy storage cabinets in a whole shipload, exporting a batch of energy storage cabinets to the UK. A total of 92 energy storage cabinets were exported, which are from Guangxi Fudi Battery Co., Ltd., a subsidiary of BYD. This is the first time Beibu Gulf Port has carried out a bulk export of this type of cargo in a whole shipload using a general cargo ship after the first shipment of energy storage cabinets in 2023.
Mercedes-Benz Recalls 16,967 Vehicles in the U.S.
According to the National Highway Traffic Safety Administration (NHTSA) on June 22, due to the previous recall repair, the connection of the transmission cable was not repaired, which may lead to an electrical short circuit. Mercedes-Benz USA will recall some models of AMG GT43, AMG E53, E53 Coupe, E53 Cabriolet, AMG GT53, and AMG CLS53 from 2021 to 2022, totaling 16,967 vehicles.
Honda Responds to "Stopping Production of Light Motorcycles in 2025": No Decision Has Been Made
On June 23, in response to media reports that Honda Motor Co., Ltd. will stop producing small light motorcycles in May 2025 to cope with stricter emission regulations that will come into effect in Japan next year. Honda Motor responded that no decision has been made at present.
Italian DR Automobiles Fined 6 Million Euros for Misleading Business Practices
Recently, the Italian Competition Authority (AGCM) announced that it fined the local car company DR Automobiles and its subsidiaries 6 million euros for deceptive business practices, selling some Chinese-made cars under the DR and EVO brands. In addition, DR Automobiles did not ensure the provision of sufficient spare parts or appropriate after-sales service. The AGCM investigation showed that DR Automobiles has been claiming that the cars it sells are made in Italy since at least December 2021, but these vehicles are actually made in China and only underwent a small amount of finishing and completion work in Italy. These vehicles were sold under the DR and EVO brands, and this fraudulent practice coincided with the hot sales of DR and EVO brand cars in the Italian market.
Electric Truck Manufacturer Nikola Plans a 1-for-30 Reverse Stock Split
According to Reuters, electric truck manufacturer Nikola announced a plan for a 1-for-30 reverse stock split, meaning that every 30 existing common shares of the company will be automatically converted into one new common share. Nikola announced that the company's stock will start trading on the basis of the reverse stock split adjustment on June 25. This reverse stock split is to raise Nikola's stock price to meet the minimum stock price requirements for listing on the NASDAQ stock exchange, thereby avoiding delisting.
Onsemi Plans to Invest $2 Billion to Expand Czech Chip Factory
According to Reuters, U.S. chip manufacturer Onsemi recently said it will invest up to $2 billion (about 14.5 billion yuan) to increase its semiconductor output in the Czech Republic, thereby expanding the company's capacity in Europe. Onsemi said in a statement: "The factory will produce the company's intelligent power semiconductors, which are crucial for improving the energy efficiency of electric vehicles, renewable energy, and artificial intelligence data center applications."
Nanjing Municipal Government and CATL Sign Strategic Cooperation Agreement
According to the CATL public account on June 23, the Nanjing Municipal Government and CATL signed a strategic cooperation agreement to carry out comprehensive strategic cooperation around the construction of a "zero-carbon city". According to the agreement, the two parties will deepen cooperation in the fields of photovoltaic and energy storage demonstration, electrification upgrade in the transportation field, layout of energy innovation platform, construction of zero-carbon parks, and explore the integrated development of a complete industrial ecological chain including R&D, production, and recycling. At the same time, various districts of Nanjing also signed relevant cooperation agreements with subsidiaries of CATL. Among them, Xuanwu District and Times Electric Service, Lishui District and Times Intelligence, Fugu Automobile, Jiangning Economic Development Zone and Times Green Energy and other companies respectively signed project cooperation agreements, and the first batch of landing projects such as charging and battery swapping, personalized cars based on skateboard chassis, photovoltaic power generation, etc.
Great Wall Motor and Huawei Sign Strategic Cooperation Agreement
Recently, at the Huawei Developer Conference 2024, Great Wall Motor and Huawei signed a strategic cooperation agreement. On June 22, Wang Yuanli, CTO of Great Wall Motor, posted on Weibo that the cooperation between Great Wall Motor and Huawei will promote the innovative development in the field of smart cockpits. The two sides will jointly explore more possibilities of intelligent travel and bring users a more convenient and intelligent travel experience. In the future, Great Wall Motor will continue to adhere to the concept of openness, cooperation, and win-win, and work hand in hand with more partners to jointly promote the development of the intelligent travel industry.
Wofly's First Flying Car Completes Its First Public Flight
According to the "Chengdu Release" public account, on June 23, the first flying car of Wofly, a low-altitude travel brand under Geely Technology Group, completed its first public flight. This is the first time Wofly has shown the Wofly AE200 prototype's full tilting transition flight test to the public in an all-round way. The AE200 prototype successfully completed all subjects of the full-size, full-weight, full-envelope tilting transition and other series of flight tests, making Wofly the first in China and the second in the world to complete such test subjects of eVTOL enterprises. Fei Lan, the marketing director of Wofly, estimates that after the civil aviation department issues the airworthiness certificate, it is expected to enter mass production and use, and it is estimated that around 2026, Chengdu citizens can experience some small batch of fixed routes.
Americ Energy (CHINA) Co., Ltd. is a comprehensive auto service platform focusing on the import and export business of automobiles and auto parts, providing services around the whole auto industry chain, covering overseas trade, auto finance, car leasing, overseas import and export business, logistics and transportation business. We use a new model to build a comprehensive service provider integrating customers, capital, and vehicles at home and abroad.
Our advantages include:
Contact Information:
Website: www.auto-ae.com
Email: ae@americenergy.com
Phone: 13521210668
© 2024 Americ Enegy (China) Co.,Ltd. All Rights Reserved.
IPv6 Network Supported
