Valmet Automotive and Fortum, one of the leading players in the European energy sector, have entered into cooperation to ensure safe and sustainable recycling of all non-conforming battery materials from Valmet Automotive’s battery plants in Salo and Uusikaupunki. Sustainability is a top priority for Valmet Automotive, with a goal to minimize the environmental impact of… Continue reading Valmet Automotive and Fortum cooperate in sustainable recycling of battery materials
Author: BusinessWire Online News
GRAMMER AG continues positive business performance despite challenging environment
Ursensollen, August 12, 2021 – GRAMMER Group’s revenue reached 972.5 million euros in the first half of 2021, equivalent to a year-on-year increase of 32.2 % (01-06 2020: 735.8 million euros). With the first six months of the previous year significantly impacted by the effects of the COVID-19 pandemic, business subsequently continued to recover in… Continue reading GRAMMER AG continues positive business performance despite challenging environment
Expansion of the Haselmühl site in Germany: Grammer investing in Seat Production 4.0
Project “Mayflower”: Grammer realigning seat production for commercial vehicles Blueprint for the future: Haselmühl site to become lead plant Top efficiency and quality with high complexity and variation Grammer AG, August 11, 2021– Project “Mayflower” is ushering in exciting times for the Grammer plant in Haselmühl, Germany, where one of the company’s largest production facilities… Continue reading Expansion of the Haselmühl site in Germany: Grammer investing in Seat Production 4.0
Quanergy Deploys First LiDAR People Counting Installation for Tourism in South Korea
SUNNYVALE, Calif.–(BUSINESS WIRE)– #AI–Quanergy Systems, Inc., a leading provider of OPA-based solid state LiDAR sensors and smart 3D solutions for automotive and IoT, today announced the first ever deployment of its smart LiDAR solution for the tourism and public leisure industry in one of the most famous tourist destinations in South Korea. Deployed at the… Continue reading Quanergy Deploys First LiDAR People Counting Installation for Tourism in South Korea
Quanergy Expands Its Distribution of Industrial LiDAR Solutions with PowerMotion
SUNNYVALE, Calif.–(BUSINESS WIRE)– #AoT–Quanergy Systems, Inc., a leading provider of OPA-based solid state LiDAR sensors and smart 3D solutions for automotive and IoT, today announced a partnership with industrial automation distributor Power Motion to deliver 2D and 3D LiDAR solutions for industrial automation throughout the South Central United States. Power Motion offers a broad portfolio… Continue reading Quanergy Expands Its Distribution of Industrial LiDAR Solutions with PowerMotion
Daimler Truck AG and Cummins Inc. Have Signed Global Framework Agreement for Cooperation in Medium-duty Commercial Vehicle Engines
STUTTGART, Germany & COLUMBUS, Ind.–(BUSINESS WIRE)–Daimler Truck AG and U.S.-based global power leader and engine manufacturer Cummins Inc. (NYSE: CMI) announced in February that they would enter into a global strategic partnership for medium-duty engines. The details of the agreement have been established and the framework agreement has been signed by both companies. Under the… Continue reading Daimler Truck AG and Cummins Inc. Have Signed Global Framework Agreement for Cooperation in Medium-duty Commercial Vehicle Engines
Quanergy Demonstrates the Industry First OPA-based Solid State LiDAR with 100 Meter Range
SUNNYVALE, Calif.–(BUSINESS WIRE)– #Automotive–Quanergy Systems, Inc., a leading provider of OPA-based solid state LiDAR sensors and smart 3D solutions for automotive and IoT, today announced the successful driving demonstration of its S3 Series LiDAR, a true solid state LiDAR sensor using an industry-first Optical Phased Array (OPA) technology and a scalable CMOS silicon manufacturing process… Continue reading Quanergy Demonstrates the Industry First OPA-based Solid State LiDAR with 100 Meter Range
Cummins Reports Second Quarter 2021 Results
COLUMBUS, Ind.–(BUSINESS WIRE)–Cummins Inc. (NYSE: CMI) today reported results for the second quarter of 2021. Second quarter revenues of $6.1 billion increased 59 percent from the same quarter in 2020. Sales in North America increased 74 percent while international revenues increased 42 percent driven by strong demand across all global markets compared to the same… Continue reading Cummins Reports Second Quarter 2021 Results
Quanergy and Agia Solutions Partner to Deliver LiDAR-based Solutions for Security, and Mining markets in Latin America
SUNNYVALE, Calif.–(BUSINESS WIRE)– #AoT–Quanergy Systems, Inc., a leading provider of OPA-based solid state LiDAR sensors and smart 3D solutions for automotive and IoT, today announced a partnership with Agia Solutions, a technology system integrator serving Peru, Argentina, Chile, and Uruguay. Headquartered in Peru, Agia Solutions was established in 2007 as a technology system integrator focusing… Continue reading Quanergy and Agia Solutions Partner to Deliver LiDAR-based Solutions for Security, and Mining markets in Latin America
Allison Transmission Announces Second Quarter 2021 Results
INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission Holdings Inc. (NYSE: ALSN), a leading designer and manufacturer of conventional and electrified vehicle propulsion solutions and the largest global manufacturer of medium- and heavy-duty fully automatic transmissions for commercial and defense vehicles, today reported a 60 percent increase in net sales from the same period in 2020, as the recovery in… Continue reading Allison Transmission Announces Second Quarter 2021 Results