Autobrains, developer of self-learning AI for autonomous driving raised $101 million in Series C financing. Tweet this Today’s announcement reflects anticipation from global leaders, including Tier 1 suppliers and OEMs, as well as sophisticated investment funds, that Autobrains is disrupting the advanced driver-assistance systems (ADAS) and autonomous vehicle marketplace with its alternative approach to AI… Continue reading Autobrains Announces $101 Million Series C Funding Led by Temasek
Category: Official Press Release
Alpha Motor Corporation ACE Coupe and JAX Crossover Announced As 2021 The ZEVAS Finalists
IRVINE, Calif., Nov. 1, 2021 /PRNewswire/ — The Alpha Motor Corporation ACE Coupe and JAX Crossover are Finalists for the Los Angeles Auto Show’s inaugural zero-emission vehicle awards program – THE ZEVAS™ – powered by Electrify America. The final round of voting for THE ZEVAS will be open today, Monday, November 1 and end on Thursday,… Continue reading Alpha Motor Corporation ACE Coupe and JAX Crossover Announced As 2021 The ZEVAS Finalists
Hankook Tire to Provide Two Original Equipment Fitments for 2022 Nissan Frontier
Optimized for all-season functionality and highway performance, the premium Dynapro HT provides drivers with longer tread wear, improved traction and low rolling resistance. Featuring a snow kerf, multi-depth lateral lugs, and button and semi-solid ribs, the Dynapro HT is also built for improved traction in snow. Its unique cap tread is engineered with an optimized… Continue reading Hankook Tire to Provide Two Original Equipment Fitments for 2022 Nissan Frontier
AutoBuy, the Automotive Remarketing Disruptor, Marks Triple Digit Growth
“Our virtual appraisal process was already in progress when the pandemic hit and has only accelerated our vehicle sourcing opportunities, putting us in the sweet spot of current market need and further driving our rapid sales growth and business expansion,” said Mark Maida, AutoBuy Co-founder and CEO. “AutoBuy has always been a disrupter in the… Continue reading AutoBuy, the Automotive Remarketing Disruptor, Marks Triple Digit Growth
Atlis Motor Vehicles Forms Strategic Collaboration With EAVX To Develop Electric Commercial Work Trucks
MESA, Ariz., Nov. 1, 2021 /PRNewswire/ — Atlis Motor Vehicles (ATLIS), a startup mobility technology company, announced today the signing of a Strategic Collaboration Agreement with the JB Poindexter & Co business unit EAVX to develop electric commercial work truck products that integrate EAVX bodies and accessories with the ATLIS XP platform. ATLIS is developing a fully electric… Continue reading Atlis Motor Vehicles Forms Strategic Collaboration With EAVX To Develop Electric Commercial Work Trucks
BorgWarner to Supply European OEM with SiC Inverters for New Electric Vehicles
AUBURN HILLS, Mich., Nov. 1, 2021 /PRNewswire/ — BorgWarner announced today that its 400V Silicon Carbide (SiC) inverter has been selected to help power various models of a European OEM’s battery electric vehicles. The inverter features dual-sided cooled power switches, providing a significant breakthrough in support of vehicle electrification and offering OEMs superior operational characteristics such… Continue reading BorgWarner to Supply European OEM with SiC Inverters for New Electric Vehicles
@Tata-JLR: SEMICONDUCTOR SHORTAGE CONTINUES TO CONSTRAIN SALES AND PROFITABILITY IN Q2 DESPITE STRONG DEMAND
Q2 wholesales 64,032, down 12.8% year-on-year due to chip supply, in line with guidance Revenue of £3.9 billion and pre-tax loss of £302 million Free cash outflow of £664 million, significantly better than expected £1 billion outflow Demand remains strong with record order book of more than 125k units Strong liquidity of £5.9 billion at… Continue reading @Tata-JLR: SEMICONDUCTOR SHORTAGE CONTINUES TO CONSTRAIN SALES AND PROFITABILITY IN Q2 DESPITE STRONG DEMAND
Lear, Shinry Forming Joint Venture for Onboard Vehicle Chargers
SOUTHFIELD, Mich., Nov. 1, 2021 /PRNewswire/ — Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today announced that it has signed a definitive agreement to establish a joint venture with Shinry Technologies Co. Ltd. (300745.SZ), a China-based Tier 1 supplier of electronics for electric vehicles. The completion of the approval and registration… Continue reading Lear, Shinry Forming Joint Venture for Onboard Vehicle Chargers
Yutong Proposes Initiative of Net-Zero Emissions by 2050 Ahead of COP26 in Green Push to Help World Achieve Carbon Targets
Operated by McGill’s, the well-established privately-owned bus and coach operator in the UK, the bus fleet consists of fifty-five Yutong full-electric E12 buses that are is equipped with a host of state-of-the-art features tailored to British drivers and passengers. Inside, the purpose-built electric buses feature Yutong’s NVH noise-reduction technology, ergonomic seats and industry-leading battery system to offer a comfortable, safe and whisper-quiet… Continue reading Yutong Proposes Initiative of Net-Zero Emissions by 2050 Ahead of COP26 in Green Push to Help World Achieve Carbon Targets
@Geely: Geely Auto Group Launches “Leishen” Global Powertrain Brand
Leishen Power, a new leading intelligent high-efficiency powertrain solutions provider officially launched Leishen’s products include: a world-class modular hybrid powertrain platform; a high-efficiency dedicated hybrid transmissions; new hybrid engines; and new E-drive systems New powertrain brand part of Geely’s commitment to sustainability, offering consumers sustainable low emission powertrain solutions 2021 November 01, Hangzhou Bay. Geely… Continue reading @Geely: Geely Auto Group Launches “Leishen” Global Powertrain Brand