COLUMBUS, Ind.–(BUSINESS WIRE)–Cummins Inc. (NYSE: CMI) today reported results for the third quarter of 2021. Third quarter revenues of $6.0 billion increased 17 percent from the same quarter in 2020. Sales in North America increased 13 percent while international revenues increased 22 percent driven by strong demand across all global markets outside of China compared… Continue reading Cummins Reports Third Quarter 2021 Results
Author: BusinessWire Online News
Quanergy Releases Advanced 3D Perception Software Capabilities for Smart City and Security
SUNNYVALE, Calif.–(BUSINESS WIRE)– #3d–Quanergy Systems, Inc., a leading provider of OPA-based solid state LiDAR sensors and smart 3D solutions for automotive and IoT, today announced the release of QORTEX DTC 2.2, the latest version of its 3D perception software, designed for advanced smart city and security applications. In June, Quanergy entered into a definitive merger… Continue reading Quanergy Releases Advanced 3D Perception Software Capabilities for Smart City and Security
GRAMMER AG: Robust business performance in the first nine months – despite an increasingly challenging market environment
Revenue from January to September 2021 rises by 17.3% to 1,404.7 million euros Operating EBIT in the first nine months of 2021 at 30.7 million euros (01-09 2020: –23.3 million euros) Strongest revenue growth in APAC (+25.8%), followed by EMEA (+17.1%) and AMERICAS (+13.1%) Division Commercial Vehicles continues above-average growth in all regions Business development… Continue reading GRAMMER AG: Robust business performance in the first nine months – despite an increasingly challenging market environment
Valmet Automotive is building a biogas terminal for the Uusikaupunki plant
Valmet Automotive has signed an agreement to build a biogas terminal on the Uusikaupunki plant site. The terminal is an important part of the company’s strategic sustainability program and it plays a decisive role in realizing CO2 neutrality of the Uusikaupunki site by eliminating CO2 emissions, reducing energy consumption and improving energy efficiency. Valmet Automotive’s… Continue reading Valmet Automotive is building a biogas terminal for the Uusikaupunki plant
Allison Transmission Makes Strategic Equity Investment in Jing-Jin Electric Technologies
INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission, a leading designer and manufacturer of conventional, electric hybrid and fully electric vehicle propulsion solutions, today announced that it will participate in the initial public offering (IPO) of Jing-Jin Electric (JJE), a leader in electric motor, inverter, and integrated electrified propulsion systems within the largest electric vehicle market in the world. As… Continue reading Allison Transmission Makes Strategic Equity Investment in Jing-Jin Electric Technologies
Allison Transmission Reschedules Third Quarter 2021 Earnings Conference Call
INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission Holdings Inc. (NYSE: ALSN), a leading designer and manufacturer of vehicle propulsion solutions for commercial and defense vehicles, the largest global manufacturer of medium- and heavy-duty fully automatic transmissions, and a leader in electrified propulsion systems, today announced that it has rescheduled its third quarter 2021 financial results conference call to 5:00… Continue reading Allison Transmission Reschedules Third Quarter 2021 Earnings Conference Call
Quanergy Further Extends the Range of Its OPA-Based Multi-Beam Solid State LiDAR to 130 Meter
SUNNYVALE, Calif.–(BUSINESS WIRE)– #130meterrange–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 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 for… Continue reading Quanergy Further Extends the Range of Its OPA-Based Multi-Beam Solid State LiDAR to 130 Meter
Cummins Collaborates Across Autonomous Vehicle System Providers to Offer Leading Powertrain Solutions
COLUMBUS, Ind.–(BUSINESS WIRE)–Cummins Inc. (NYSE: CMI), a global power technology leader, will be launching a set of software features to integrate its powertrains with Automated Driving System (ADS) technologies. Cummins is a market leader in delivering powertrains that provide leading performance and fuel economy through the integration of hardware and software. With these new software… Continue reading Cummins Collaborates Across Autonomous Vehicle System Providers to Offer Leading Powertrain Solutions
New automotive production site in Shenyang: Grammer continuing to expand in China
Grammer pursuing its growth strategy in China with an expanded footprint State-of-the-art production of high-quality interior components started in July Further expansion stages already being planned for new site in Shenyang Grammer AG, September 29, 2021 – Grammer is expanding in the Chinese automotive market: On September 28, 2021, the company opened a new… Continue reading New automotive production site in Shenyang: Grammer continuing to expand in China
Toyoda Gosei Invests in E-ThermoGentek, a Specialist in Thermoelectric Power Generation
KIYOSU, Japan–(BUSINESS WIRE)–Toyoda Gosei Co., Ltd. (TOKYO:7282) invested in startup E-ThermoGentek Co., Ltd., which possesses original thermoelectric power generation technology that converts heat to electricity, in August 2021. As it moves toward achieving carbon neutrality by 2050, Toyoda Gosei is switching to the latest energy-saving equipment and machinery and expanding its use of renewable energy.… Continue reading Toyoda Gosei Invests in E-ThermoGentek, a Specialist in Thermoelectric Power Generation