Let's take stock of what major events happened in the automotive circle on February 13, 2022.
Auto Incident One: Lincoln plans to launch 5 all-electric SUVs by 2026
Recently, according to overseas media, Lincoln Motor plans to launch 5 pure electric SUVs before 2026, at the same time, Lincoln will launch a complete lineup of intelligently connected and electrified products worldwide by 2030. Specifically, these 5 pure electric SUVs are speculated to be pure electric versions of adventurers, navigators, aviators and navigators, respectively, and there will be a new product, which will share the platform with Ford Music Mach-E.
Car incident two: Valeo bought out Valeo Siemens for $317 million
Recently, Valeo announced that it has signed an agreement with Siemens to acquire a 50% stake in Valeo Siemens New Energy Vehicle Joint Venture. After July 1, 2022, valeo Siemens New Energy Vehicle Joint Venture will be fully integrated into Valeo Powertrain Division.
Upon completion of the transaction, Valeo will acquire a stake in Siemens for €277 million on a debt-free basis. The acquisition uses Valeo's existing funds. From an accounting perspective, net debt will increase by 741 million euros, which will have no significant impact on Valeo's financial position. The Group plans to reduce its debt from 2023 onwards in accordance with its strategy, which will be disclosed on 25 February 2022. At that time, Valeo will announce its strategic and financial outlook for 2022-2025.
Car Incident Three: Faraday Future Joins Hands with Korean Companies
A few days ago, Faraday Future officially announced a contract with South Korean automaker Myoung Shin, which will start production of FF's second electric model, the FF 81, in South Korea in 2024. At the same time, Faraday Future also announced that it plans to start mass production of FF 91 in the third quarter of 2022.
Headquartered in Kunsan, near Seoul, South Korea, Myoung Shin is an auto parts supplier and vehicle manufacturer. The plant not only has a production capacity of scale and flexibility, but also has convenient port access. Under the agreement, Myoung Shin will provide sufficient production capacity and capacity for the FF 81 in accordance with Faraday's future production expectations.
Auto Incident Four: Continental's autonomous driving division may be split and listed
A few days ago, according to foreign media reports, German automotive technology supplier Continental group currently wants to split its autonomous driving business and is considering listing the division separately. It is reported that Continental's autonomous driving division will become a separate legal entity from January 1, 2023, and may also conduct an initial public offering (IPO) in the future. Continental did not confirm the report, saying synergies in the business areas are a top priority for the company at the moment. A company spokesperson said, "There are no further plans at this time. ”
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