By Reuters Staff
(Corrects to ‘partnership’, not ‘joint venture’, in paragraph 2)
TAIPEI, May 18 (Reuters) - Taiwanese electric scooter vendor Gogoro said on Tuesday it has partnered with two Chinese two-wheel vehicle makers to offer its battery-sharing infrastructure, ramping up efforts to expand its overseas market.
Taipei-based Gogoro, known for its battery distribution network for riders, will build battery-swapping platforms in China in a partnership with Dachangjiang Group and Yadea Group Holdings.
In April, Gogoro announced a similar partnership with India’s Hero MotoCorp to build battery-sharing infrastructure in the world’s largest motorcycle market.
The two Chinese vendors will develop a range of two-wheel vehicles built for Gogoro’s battery-swapping platform, the Taiwanese company said.
The Australian share market finished session higher on Tuesday, 04 May 2021, after the Reserve Bank of Australia announced its decision to maintain its current policy settings, including keeping the cash rate at 0.1%.
At closing bell, the benchmark S&P/ASX200 added 39.06 points, or 0.56%, to 7,067.86. The broader All Ordinaries advanced 36.71 points, or 0.5%, to 7,323.54.
Shares of Treasury Wine Estates were up after announcement it inked a deal with America s second-largest drinks distributor Republic National Distributing Company (RNDC) to expand the reach of its wine labels throughout the U. S. market.
Shares in Super Retail Group gained after the outdoors retailing collective reported a 28% rise in total like-for-like sales across the first 44 weeks of the 2021 financial year. Sales also increased 26% from last year.
4 Min Read
(Reuters) - Mike Bowsher shakes his head in wonder when he hears yet another customer at one of his Buick-GMC dealerships near Atlanta has agreed to pay full sticker price of more than $71,000 for a top-of-the-line GMC Yukon XL Denali SUV that is still being assembled at a General Motors factory.
FILE PHOTO: FILE PHOTO: Vehicles for sale are pictured on the lot at AutoNation Toyota dealership in Cerritos, California December 9, 2015. REUTERS/Mario Anzuoni
Customers know what Bowsher has arriving by scanning the online inventories of his six stores in the region, and they are often willing to wait more than a week and pay full price to get their desired vehicle.
By Reuters Staff
2 Min Read
(Reuters) -Lithia Motors Inc topped Wall Street estimates for first-quarter profit on Wednesday as the auto retailer benefited from strong demand and higher vehicle prices.
A global semiconductor chip shortage has created a supply crunch and forced automakers to raise prices, a move that is aiding earnings for the sector.
Lithia said its total vehicle gross profit per unit increased 18.7% to $4,392 in the quarter.
Sales are also being boosted by low interest rates and a preference for private vehicles during the COVID-19 pandemic.
“Just like AutoNation yesterday, Lithia Motors’ results were stronger than expected on all fronts,” J.P.Morgan analyst Rajat Gupta said in a note.