In 2020, Valmet Automotive’s profitability in the continued businesses was maintained close to previous year’s level despite the corona pandemic related production losses during the second and third quarter. Business build of and investments to EV Systems business line continued according to plans and cash flow after investments remained positive. Net sales of EUR 494.0… Continue reading Valmet Automotive’s Annual Review 2020: Good performance and solid strategy execution despite extraordinary circumstances
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Hyzon Motors, NEOM and Modern Group Plan to Collaborate on Hydrogen-Powered Vehicle Value Chain
ROCHESTER, N.Y. and RIYADH, Saudi Arabia, April 29, 2021 /PRNewswire/ — Hyzon Motors Inc. (“Hyzon”), a leading global supplier of zero-emission hydrogen fuel cell-powered commercial vehicles, jointly with Modern Industrial Investment Holding Group (“Modern Group”), a Saudi industrial conglomerate, today announced the signing of a memorandum of understanding (MoU) with NEOM Company for the development… Continue reading Hyzon Motors, NEOM and Modern Group Plan to Collaborate on Hydrogen-Powered Vehicle Value Chain
Nexteer Automotive Elevates Software Engineering Organization
AUBURN HILLS, Mich., April 29, 2021 /PRNewswire/ — As vehicles are fast becoming more software-enabled, cloud-connected devices, global OEMs’ needs are growing exponentially in software-enabled steering features and other software-centric motion control applications. Consequently, Nexteer Automotive is elevating its global Software Engineering organization to meet the ever-expanding software needs of its global OEM customer base. Software… Continue reading Nexteer Automotive Elevates Software Engineering Organization
Volvo Group and Daimler Truck AG fully committed to hydrogen-based fuel-cells – launch of new joint venture cellcentric
GOTHENBURG, Sweden and STUTTGART, Germany, April 29, 2021 /PRNewswire/ — Today, two leaders of the commercial vehicle industry – Daimler Truck AG and Volvo Group – officially outlined their pioneering roadmap for the new fuel-cell joint venture cellcentric, as part of an industry-first commitment to accelerate the use of hydrogen-based fuel cells for long-haul trucks and beyond. With… Continue reading Volvo Group and Daimler Truck AG fully committed to hydrogen-based fuel-cells – launch of new joint venture cellcentric
@Daimler: Daimler Truck AG and Volvo Group fully committed to hydrogen-based fuel-cells
Stuttgart, Germany / Gothenburg, Sweden – Today, two leaders of the commercial vehicle industry – Daimler Truck AG and Volvo Group – officially outlined their pioneering roadmap for the new fuel-cell joint venture cellcentric, as part of an industry-first commitment to accelerate the use of hydrogen-based fuel cells for long-haul trucks and beyond. With the… Continue reading @Daimler: Daimler Truck AG and Volvo Group fully committed to hydrogen-based fuel-cells
@niche: CNBC: Toyota truck subsidiary and EV start-up ink deal for electric trucks000827
The Hino Motors logo is displayed at the 43rd Tokyo Motor Show 2013 in Tokyo, Japan. Tomohiro Ohsumi | Bloomberg | Getty Images Hino Motors, a subsidiary of Toyota Motor, is teaming up with an Israeli electric vehicle start-up to develop electric trucks, buses and commercial vehicles. REE Automotive, which is based in Tel Aviv,… Continue reading @niche: CNBC: Toyota truck subsidiary and EV start-up ink deal for electric trucks000827
@niche: Hino Motors, Ree Automotive Partner To Bring New Technologies To Commercial Vehicles000826
This is the FlatFormer platform that Hino Motors unveiled at the 2019 Tokyo Motor Show. This was … [+] jointly developed with REE Automotive. Hino and REE are forming an alliance to advance electrified and autonomous technology in commercial vehicles. REE Automotive Image Hino Motors, the Toyota subsidiary that makes commercial vehicles and diesel engines,… Continue reading @niche: Hino Motors, Ree Automotive Partner To Bring New Technologies To Commercial Vehicles000826
LG ANNOUNCES FIRST-QUARTER 2021 FINANCIAL RESULTS
April 29, 2021 LG ANNOUNCES FIRST-QUARTER 2021 FINANCIAL RESULTS Open share list Share this content. Highest Quarterly Revenue and Operating Profit in Company’s History SEOUL, Apr. 29, 2021 — LG Electronics Inc. (LG) today announced first-quarter 2021 consolidated sales of KRW 18.81 trillion (USD 16.90 billion) and operating profit of KRW 1.52 trillion (USD 1.36… Continue reading LG ANNOUNCES FIRST-QUARTER 2021 FINANCIAL RESULTS
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SIG leads $70m Series C round for Chinese auto marketplace YIAUTO …
In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to… Continue reading SIG leads $70m Series C round for Chinese auto marketplace YIAUTO …