growing pains" of increased sales of electric vehicles (EVs) without profits. While Japanese automakers are off to a robust start and their EV sales have started to increase, they are being forced to increase incentives (sales subsidies) and discount prices in the U.S. According to an estimation by Cox Automotive Inc., a U.S. research company, Honda Motor Co., Ltd. sold 12,644 EVs (excluding the Acura) in the U.S. from July to September, and earn...

News  Updated at: 2024/11/12

Cox Automotive opens new EV Battery Solutions Facility in Conyers, Georgia On February 1, Cox Automotive announced the opening of its new EV Battery Solutions service center in Conyers, Georgia at a time of rapid EV growth in the state, with ongoing EV facility investments from various automakers and battery manufacturers. "As the global leader of integrated battery caretaking services, we provide flexible capacity and logistics expertise that fr...

News  Updated at: 2024/02/02

t Novelis has joined their exclusive forum of partners. The partnership's primary objective is to facilitate formal and informal collaborations between Novelis and Israeli multi-domain startups and entrepreneurs. Novelis joins Drive TLV's elite roster of partners, which includes: Afifi Group, ALD Automotive, Cox Automotive, DENSO, Hertz, Ituran, Honda, Goodyear, Mayer Group, Saint Gobain, Sona Comstar, Volvo Group, and Volvo Cars.  As a Drive ...

News  Updated at: 2022/10/20

Cox Automotive launches mobility unit for OEMs, fleets, battery life-cycle management On January 31, Cox Automotive signaled its future mobility intent with the launch of a new global division – Cox Automotive Mobility – targeting emerging transport technologies. Cox Automotive Mobility will guide the growth of mobility-focused digital and physical services, product development and investments throughout the U.S., UK, Continental Europe, Cana...

News  Updated at: 2022/02/01

tners can participate in its FastLane program for start-ups. They also have access to the POWER by Drive test track and development center for testing, evaluation and further development of new technology. In addition to Denso, Drive partners include Honda, Volvo Cars, Volvo Group, NEC Corporation, Cox Automotive and Hertz. Drive TLV has helped more than 40 mobility-focused start-ups raise a total of more than USD 1 billion to develop and commerc...

News  Updated at: 2021/11/03

Electric Last Mile signs EV customer service agreement with Cox Automotive On October 6, Electric Last Mile Solutions (ELMS) announced it has signed an agreement with Cox Automotive Inc. to provide comprehensive service and support solutions for its commercial EV customers nationwide. ELMS’ Urban Delivery has already been shipped and sold to customers, becoming the first Class 1 commercial EV available in the U.S. market. ELMS and Cox Automoti...

News  Updated at: 2021/10/13

Electric Last Mile Solutions announces long-term supply agreement with Wuling Industry On July 12, Electric Last Mile Solutions announced that it has signed a binding, long-term supply agreement with Liuzhou Wuling Automobile Industry Co., Ltd., (Wuling Industry) a supplier of automotive components and one of China’s leading automotive manufacturers of electric cargo vans and light duty specialty vehicles.Under the agreement with Wuling Industr...

News  Updated at: 2021/07/15

Electric Last Mile partners with Cox Automotive for commercial EV fleet service On May 3, Electric Last Mile, Inc. (ELMS) and Cox Automotive Inc. announced a new collaboration working towards delivering a more comprehensive service and support ecosystem for ELMS’ Urban Delivery EV customers.ELMS, headquartered in Troy, Michigan with a plant in Mishiwaka, Indiana, expects to begin production of the Urban Delivery by the end of the third quarter...

News  Updated at: 2021/05/05

evious Rivian investments include:     • USD 2.5 billion funding round led by T. Rowe Price Associates in July 2020      • USD 700 million funding round led by Amazon in February 2019      • USD 500 million investment from Ford in April 2019     • USD 350 million investment from Cox Automotive In September 2019     • USD 1.3 billion investment round led by T. Rowe Price Associates with participation from Ford, Amazon and ...

News  Updated at: 2021/01/20

1S utility vehicle is scheduled to roll off the line in Normal, Illinois in August 2021.The timing puts the company about six months behind its original launch plan, delayed by the coronavirus pandemic.Rivian began pilot production of the EVs at the plant earlier this week.Backed by Ford Motor Co., Cox Automotive, Amazon and others, Rivian has spent about USD 750 million to overhaul its assembly plant once owned by Mitsubishi Motors. Rivian said ...

News  Updated at: 2020/07/25

vian Founder and CEO RJ Scaringe.Rivian’s previous investments included:     • February, 2019: Rivian announced a USD 700 million funding round led by Amazon     • April, 2019: Rivian announced USD investment by Ford Motor Co., collaborate on a future program     • September, 2019: Cox Automotive announced USD 350 million investment in Rivian, collaboration on logistics      • September, 2019: Rivian announced development o...

News  Updated at: 2020/07/11

is Rivian’s fourth of 2019.In February, Rivian announced a USD 700 million funding round led by Amazon. In April, Rivian announced that Ford Motor Company invested USD 500 million and that the companies would collaborate on a vehicle project utilizing Rivian’s skateboard platform.In September, Cox Automotive announced its USD 350 million investment in Rivian, complemented by plans to collaborate on logistics and service.In late September, Ri...

News  Updated at: 2019/12/24

Amazon, Mast said.Rivian and Amazon did not disclose a price for the Amazon-dedicated fleet. While Amazon led a USD 700 million round of funding for Rivian earlier in 2019, the vans were negotiated outside that partnership, Mast said. Rivian received a USD 350 million investment from Atlanta-based Cox Automotive earlier in September, as well as a USD 500 million investment from Ford. (Detroit News article on September 19, 2019) (Amazon press rel...

News  Updated at: 2019/09/20

Cox Automotive partners with Israel based DRIVE TLV On September 17, Cox Automotive announced a partnership with DRIVE TLV, a Tel Aviv-based smart mobility innovation center. Cox Automotive will join a select group of DRIVE's partners: Hertz Rent a Car International, Israeli telematics company Ituran, NEC, Aptiv, Honda, Volvo Group and Volvo Cars. The partnership's main goal is to facilitate collaboration between Cox Automotive and Israeli tra...

News  Updated at: 2019/09/18

Rivian receives new USD 350 million investment from Cox Automotive On September 10, Plymouth, Michigan-based electric vehicle startup Rivian Automotive LLC announced it received a USD 350 million investment from Atlanta-based Cox Automotive as it gets ready to produce its first vehicles.The investment follows USD 500 million from Ford and USD 700 million from Amazon earlier this year. Rivian aims to launch a five-passenger electric R1T pickup and...

News  Updated at: 2019/09/11

mous ride-hailing. Through its acquisition of Auro, Ridecell also provides a comprehensive suite of L4 on-vehicle software, sensors and controls that enable autonomous vehicle operation.Founded in 2009, Ridecell operates in the U.S., Europe, Asia, and Australia and has investors that include DENSO, Cox Automotive, Munich Re Venture’s ERGO Fund, Initialized Capital, LG Technology Ventures, BNP Paribas, Penske, Deutsche Bahn, Mitsui, Sony Innovat...

News  Updated at: 2019/05/20

Rapid U.S. sales rebound expected after Hurricane Harvey While U.S. auto sales declined 1.9% in August, partially due to Hurricane Harvey, the results are likely to improve through the remainder of 2017."We expect the recovery in vehicle sales to be quick," said Jonathan Smoke, chief economist for Cox Automotive. "People need transportation to get their lives back in order, and in Houston, that transportation is the automobile."Kelley Blue Book s...

News  Updated at: 2017/09/06

U.S. OEMs, analysts lower 2017 auto sales forecasts Automakers and analysts are lowering 2017 forecasts for sales of new vehicles because of slower-than-predicted demand, though many expect sales to pick up in the second half of the year.On June 28, Cox Automotive estimated that 17.1 million cars and trucks will be sold in the United States in 2017, followed by a drop to 16.7 million in 2018.The forecast for this year is down 2.5% from a record 2...

News  Updated at: 2017/06/30