Author: PR Newswire Online News

CATL starts construction of its first overseas factory in Germany

ERFURT, Germany, Oct. 18, 2019 /PRNewswire/ — A groundbreaking ceremony for the first overseas factory of the world’s leading lithium-ion battery maker Contemporary Amperex Technology Co. Limited (CATL) took place on October 18 in Thuringia, a state in east-central Germany, marking the start of construction of the first lithium-ion battery factory in Germany. “Germany is home… Continue reading CATL starts construction of its first overseas factory in Germany

Piston Group Acquires Marion Industries

This acquisition expands Piston Automotive’s footprint into the Central Ohio region and further diversifies the company’s growing list of OEM customers. Marion Industries has been recognized by Honda for its excellence in quality, delivery and customer value. “Transforming our business and accepting new challenges is required in order to compete in today’s marketplace,” said Piston… Continue reading Piston Group Acquires Marion Industries

Motiv Power Systems Secures $60 Million to Scale EPIC All-Electric Chassis, Establish Detroit Operations

FOSTER CITY, Calif., Oct. 15, 2019 /PRNewswire/ — The leading provider of all-electric medium-duty chassis for buses and trucks, Motiv Power Systems announced today it has secured $60 Million in equity funding. The Series B round of investment was led by investors GMAG Holdings Corp. and Winnebago. These funds will support the overall growth of… Continue reading Motiv Power Systems Secures $60 Million to Scale EPIC All-Electric Chassis, Establish Detroit Operations