SEOUL, Korea, March 16, 2022 /PRNewswire/ — Automotive thermal and energy management solutions supplier Hanon Systems (KS:018880) today announced it is launching a new plant in Hubei, China, which reinforces the company’s increasing support to automakers in the electrified vehicle segment. The new plant will manufacture heating, ventilation and air conditioning (HVAC) modules for electrified… Continue reading Hanon Systems Expands Thermal Management Production to Support Growth in Electrified Vehicles
Author: PR Newswire Online News
ZTO Reports Fourth Quarter 2021 and Fiscal Year 2021 Unaudited Financial Results
22.3 Billion Annual Parcels Increased Market Share to 20.6%Adjusted Net Income Reached RMB4.9 Billion while Price Competition Cooled US$0.25 per Share Dividend Announced for 2021 SHANGHAI, March 16, 2022 /PRNewswire/ — ZTO Express (Cayman) Inc. (NYSE: ZTO and SEHK: 2057), a leading and fast-growing express delivery company in China (“ZTO” or the “Company”), today announced its… Continue reading ZTO Reports Fourth Quarter 2021 and Fiscal Year 2021 Unaudited Financial Results
Batteries Plus Names Jon Sica Chief Business Officer While Powering Up for Strategic Growth
Nation’s Largest and Fastest Growing Omni-Channel Retailer Enhances Leadership Team to Drive Franchises Success, Brand Growth HARTLAND, Wis., March 16, 2022 /PRNewswire/ — Batteries Plus, the nation’s largest and fastest-growing battery, light bulb, key fob and repair franchise, is already hitting the ground running in 2022 with the advancement of their executive team. The omni-channel retail… Continue reading Batteries Plus Names Jon Sica Chief Business Officer While Powering Up for Strategic Growth
$27 Million Investment to Expand Toyota’s Long Beach Manufacturing Capabilities
The investment will equip TABC with the first coil-fed laser blanking line for TMNA, expand blanking capability to include steel and aluminum on the same line and increase capacity to cut 5.6 million blanks annually. In addition, these added capabilities will enable TABC to better support Tacoma production at TMNA facilities in Baja, California, and… Continue reading $27 Million Investment to Expand Toyota’s Long Beach Manufacturing Capabilities
Nexteer Reports Full Year 2021 Financial Results
AUBURN HILLS, Mich., March 16, 2022 /PRNewswire/ — Nexteer Automotive today reported annual results for its fiscal year ended December 31, 2021. Although 2021 provided another challenging operating environment resulting from the ongoing global pandemic which brought unprecedented supply chain constraints and inflationary pressures to the automotive industry broadly, Nexteer continued to execute its long-term… Continue reading Nexteer Reports Full Year 2021 Financial Results
DENSO Group Company NSITEXE Leads Quadric’s $21 Million Series B Funding Round to Enhance AI Solutions
Investment advances DENSO’s commitment to achieve an environmentally-friendly, safe and secure mobility future NSITEXE, Inc., led Quadric’s $21 million Series B funding round NSITEXE is a DENSO group company that designs and develops key semiconductor components enabling next-generation automotive applications DENSO’s collaboration with Quadric helps the mobility supplier progress its sustainability and safety goals SOUTHFIELD,… Continue reading DENSO Group Company NSITEXE Leads Quadric’s $21 Million Series B Funding Round to Enhance AI Solutions
Dexter, a Subsidiary of DexKo Global Inc., Acquires HiSpec Wheel & Tire, Inc.
NOVI, Mich., March 15, 2022 /PRNewswire/ — DexKo Global Inc., the global leader in highly engineered trailer running gear, chassis assemblies, and related components, announces that its wholly-owned subsidiary, Dexter Axle Company (“Dexter”) has acquired HiSpec Wheel & Tire, Inc. (“HiSpec”) located in Mishawaka, IN. Established in 1995, HiSpec designs and provides aluminum and steel wheels, tires,… Continue reading Dexter, a Subsidiary of DexKo Global Inc., Acquires HiSpec Wheel & Tire, Inc.
Berylls Strategy Advisors Examines the Impact of Electrified Trucks for Decarbonizing the U.S. Trucking Industry
DETROIT, March 15, 2022 /PRNewswire/ — Trucking is a sector that is difficult to decarbonize, and forty percent of global road transportation emissions comes from trucking. The average carbon footprint per truck is 50 times higher compared to passenger vehicles, and as C02 taxes rise and bans on diesel trucks in urban areas continue, Berylls Strategy… Continue reading Berylls Strategy Advisors Examines the Impact of Electrified Trucks for Decarbonizing the U.S. Trucking Industry
Hankook iON: New Global Family of Tires for Electric Vehicles Promotes Sustainable Mobility
The iON products will initially be available in three designs at launch, in sizes between 18 and 22 inches: in Europe beginning in May 2022 as the Hankook Ventus iON S summer tire pattern, and from September 2022 for the winter as the Hankook Winter i*cept iON. The Hankook Ventus iON A tire will be… Continue reading Hankook iON: New Global Family of Tires for Electric Vehicles Promotes Sustainable Mobility
Northvolt to Build €4 Billion Battery Gigafactory in Northern Germany
BERLIN, March 15, 2022 /PRNewswire/ — Swedish green battery maker Northvolt has selected the northern German city of Heide in the regional state of Schleswig-Holstein for a new 60 gigawatt plant. “Northvolt Drei” will be the company’s third production facility of this size and the first outside Sweden. It will cost some EUR 4 billion.… Continue reading Northvolt to Build €4 Billion Battery Gigafactory in Northern Germany