LOS ANGELES, July 12, 2022 (GLOBE NEWSWIRE) — Xos, Inc. (NASDAQ: XOS), a leading fleet services provider and manufacturer of Class 5 through Class 8 battery-electric vehicles, today announced it has secured a purchase order for 10 of its 100% battery-electric stepvans from Zeem Solutions (“Zeem”), a fleet-as-a-service provider that builds and operates zero-emissions fleet… Continue reading @niche: Xos, Inc. Secures Purchase Order for 10 Stepvans from Zeem Solutions, Delivers First Vehicle to Los Angeles Depot002008
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@niche: News Lordstown Motors Announces Executive Appointments002008
LORDSTOWN, Ohio, July 12, 2022 /PRNewswire/ — Lordstown Motors Corp. (Nasdaq: RIDE), (“Lordstown Motors” or “LMC”), an original equipment manufacturer (OEM) of electric vehicles focused on the commercial fleet market, today announced several key executive appointments that further strengthen the company’s senior leadership team. Daniel A. Ninivaggi was elected to serve as Executive Chairman of the… Continue reading @niche: News Lordstown Motors Announces Executive Appointments002008
@Hyundai: IONIQ 5 I Proven Top Safety EV
Play We made safety top-of-mind; that’s why we’re honored the IONIQ 5 was awarded the 2022 TOP SAFETY PICK+ by the Insurance Institute for Highway Safety.The IONIQ 5 protects what matters most, wherever your journey takes you. We know superior safety is an essential foundation for building a limitless life.Delivering a new horizon of EV… Continue reading @Hyundai: IONIQ 5 I Proven Top Safety EV
A robot pony maker backed by Chinese EV giant Xpeng raises $100M
China’s Tesla challenger Xpeng isn’t content with just making electric vehicles. It’s also betting on ridable robot unicorns for kids. Xpeng Robotics, a bionic robot maker affiliated with Xpeng, just raised an impressive $100 million in a Series A round led by IDG Capital, at a time when venture investments are slowing in China. Other… Continue reading A robot pony maker backed by Chinese EV giant Xpeng raises $100M
BMW will charge $18 per month for heated seats in select regions
Now even connected cars are embracing the subscription model. BMW drivers in a few countries will have to pay $18 per month for heated seats, reported The Verge. Front-seat heating is one of many optional add-on software upgrades available in BMW’s ConnectedDrive stores in the United Kingdom, Germany, South Korea, New Zealand and South Africa.… Continue reading BMW will charge $18 per month for heated seats in select regions
Apple and Jony Ive are parting ways
Apple and Jony Ive are breaking up — and this time, according to The New York Times, it’s for real. Ive left the tech giant in 2019 after over two decades and formed his own company called LoveFrom, which counted Apple as its first and primary client. The publication said that both parties agreed not… Continue reading Apple and Jony Ive are parting ways
Avis, Hertz to Announce Q2 Financial Results
Expect for Hertz’s results by July 28, and Avis’s by August 2. Photo: Canva Avis Budget Group and Hertz will announce their second quarter 2022 financial results soon. Avis Budget plans to report its financial results after the market close on Monday, August 1 and to host a conference call for investors on Tuesday, August 2 at 8:30… Continue reading Avis, Hertz to Announce Q2 Financial Results
ACRA Invites Members to Annual D.C. Conference
ACRA members attending the 6th annual ACRA D.C. Legislature Conference in 2019. Photo by Chris Brown The American Car Rental Association (ACRA) invites its members to attend the 7th Annual ACRA D.C. Legislative Conference, taking place September 19-21 in Washington, D.C. For the first time, ACRA will offer a Car Rental Boot Camp focusing on operations… Continue reading ACRA Invites Members to Annual D.C. Conference
Chinese EV maker XPeng’s robotics arm bags over $100m in IDG-led Series AXPeng had raised $1.72b from an IPO on NYSE in August 2020.
XPeng Robotics, the smart robotics arm of Chinese electric vehicle (EV) maker XPeng, has entered into an agreement with a consortium of investors to raise over $100 million in its Series A funding round, the startup announced on Tuesday. The Series A round, which is led by IDG Capital with XPeng also participating, will enable… Continue reading Chinese EV maker XPeng’s robotics arm bags over $100m in IDG-led Series AXPeng had raised $1.72b from an IPO on NYSE in August 2020.
Navis Capital anchors $38m Series C funding in US wealth tech firm Eton Solutions
Southeast Asian private equity firm Navis Capital Partners has anchored a $38 million Series C funding round in Eton Solutions, a wealth management technology firm based in the US. Eton, founded by Robert Mallernee, is the developer of the cloud-based AtlasFive technology platform for family offices. The platform aggregates and manages office data, reporting, and… Continue reading Navis Capital anchors $38m Series C funding in US wealth tech firm Eton Solutions