On March 26, 2021, AVTOVAZ JSC and Allur Group of Companies signed a cooperation agreement. The signing ceremony was held in the presence of the Prime Minister of the Republic of Kazakhstan Askar Mamin.As part of the Agreement, the new partner of AVTOVAZ intends to produce a wide range of LADA cars in Kostanay in… Continue reading @Renault: AVTOVAZ has signed an agreement with an industrial partner in Kazakhstan000197
Category: Official Press Release
World NM: Korean automotive LED makers up presence in 2020 despite market decline: report001030
South Korea’s two major automotive light-emitting diode (LED) makers saw their revenues increase last year despite an overall market slump amid the pandemic, a report showed Friday. Samsung Electronics, which runs the LED business under its device solutions (DS) unit, logged a revenue of $71 million in 2020, up 18.3 percent from a year earlier,… Continue reading World NM: Korean automotive LED makers up presence in 2020 despite market decline: report001030
@Honda: Honda of the UK Manufacturing Confirms New Owner for Swindon Site
26 Mar 2021 ID: 330857 Honda of the UK Manufacturing (Honda) has today announced it has entered into a contract for sale of its Swindon site. Originally purchased by the Japanese car manufacturer in 1985, the site will be sold to Panattoni, Europe’s largest developer of new build industrial and logistics facilities. In 2019, Honda… Continue reading @Honda: Honda of the UK Manufacturing Confirms New Owner for Swindon Site
Meritor Consortium Awarded £15.9 Million toward £31.9 Million Project to Develop United Kingdom’s Low Carbon Capability
TROY, Mich., March 26, 2021 /PRNewswire/ — Meritor, Inc. (NYSE: MTOR) today announced that it is the recipient of the Advanced Propulsion Centre’s (APC) Core Competition Program in the UK to partially fund the design and development of Meritor’s 17Xe™ electric powertrain system for heavy-duty electric trucks and buses equipped with a single drive axle. Meritor,… Continue reading Meritor Consortium Awarded £15.9 Million toward £31.9 Million Project to Develop United Kingdom’s Low Carbon Capability
Meituan Announces Financial Results for the Year Ended December 31, 2020
HONG KONG, March 26, 2021 /PRNewswire/ — Meituan (HKG: 3690) (the “Company”), China’s leading e-commerce platform for services, today announced the audited consolidated results of the Company for the year ended December 31, 2020. Company Financial Highlights As China’s economic recovery accelerated as a result of the effective containment of the COVID-19 pandemic, our businesses… Continue reading Meituan Announces Financial Results for the Year Ended December 31, 2020
@niche: REE Automotive unveils new proprietary drive components000680
Israeli EV startup REE Automotive, just unveiled its new approach to drive components and platforms. Named REEcorners, these proprietary systems fuse all of the vital parts of an EV together between the chassis and wheel. Combined with its modular EV platforms, REE Automotive sees its technology as a cornerstone for the future of electrified mobility.… Continue reading @niche: REE Automotive unveils new proprietary drive components000680
@Honda: Agreement Reached to Standardize Swappable Batteries for Electric Motorcycles
Honda Motor Co., Ltd.Kawasaki Heavy Industries, Ltd.Suzuki Motor CorporationYamaha Motor Co., Ltd. March 26, 2021 – The Swappable Battery Consortium for Electric Motorcycles (Consortium) has reached an agreement to standardize swappable batteries and replacement systems, allowing battery sharing and paving the way for increased adoption of electric motorcycles in Japan. The Consortium was established by… Continue reading @Honda: Agreement Reached to Standardize Swappable Batteries for Electric Motorcycles
@Ford: Leading a Sustainable Revolution: Ford and HP Collaborate to Transform 3D Waste into Auto Parts, an Industry First
Ford says 3D printing has potential to revolutionize customization of low-volume vehicle parts, accelerate sustainability Companies found way to extend life of already-used 3D printed powders and parts, turning them into auto components for Super Duty F-250 trucks, creating closed-loop on waste Implementation completed in less than one year from ideation to application in parts… Continue reading @Ford: Leading a Sustainable Revolution: Ford and HP Collaborate to Transform 3D Waste into Auto Parts, an Industry First
@GM: Meg Whitman and Mark Tatum Join GM’s Board of Directors March 25, 2021
Tech leader and NBA executive further expand GM Board’s diversity and leadership experience DETROIT, March 25, 2021 /PRNewswire/ — Meg Whitman, a technology leader and former head of Hewlett Packard Enterprise, and Mark Tatum, Deputy Commissioner and Chief Operating Officer of the National Basketball Association, are joining the Board of Directors of General Motors Co. (NYSE:… Continue reading @GM: Meg Whitman and Mark Tatum Join GM’s Board of Directors March 25, 2021
@Toyota: Woven Capital Makes Its First Investment, Backing Nuro
Woven Capital, L.P. (“Woven Capital”), an $800 million global investment fund that supports growth-stage companies in mobility, made an equity investment in Nuro, Inc. (“Nuro”), a leading robotics company providing autonomous delivery. The investment is part of Nuro’s Series C round of funding, advancing its work in designing and engineering self-driving road vehicles to transform… Continue reading @Toyota: Woven Capital Makes Its First Investment, Backing Nuro