New York City has launched a pilot to demonstrate how access to charging could be improved for the 50% of residents that park their cars on-street. London authorities have been exploring innovative solutions to the same problem for a couple of years now, so it’s not surprising that two of the vendors New York chose… Continue reading New York City chooses three hardware vendors for curbside charging pilot
Category: Automotive
China’s Geek+ closes Intel-backed $100m Series E1 round at over $2b valuationGeek+ had completed a Series D round led by China’s CITIC Private Equity …
Geek+, a China-based developer of autonomous mobile robots (AMRs) for intelligent logistics, has secured $100 million in a Series E1 round of financing, bringing the company’s valuation to over $2 billion. Beijing-based Geek+ raised the new round from investors including Intel Capital, the venture arm of chipmaker Intel Corp, Singapore’s Vertex Growth, and Qingyue Capital… Continue reading China’s Geek+ closes Intel-backed $100m Series E1 round at over $2b valuationGeek+ had completed a Series D round led by China’s CITIC Private Equity …
@Groupe PSA: OP This Astra is a millionaire000405
The duo is well known around Paal-Beringen in the Belgian province of Limburg: Gerry Dirix and his Astra are among the local celebrities. The musician has been driving the dark gray Opel for over two decades. Every day. To music events, to church services – he is the organist in various parishes – or to… Continue reading @Groupe PSA: OP This Astra is a millionaire000405
German Handelsblatt: +++ Business figures in the news blog +++: Daimler Truck increases profit sharply – Thyssen-Krupp benefits from high steel prices004985
Deutz remains cautious on outlook despite increase in profitsThe engine manufacturer Deutz increased its profits sharply in the second quarter, but is still making reservations about its forecast for the year. From April to June, the Cologne-based company achieved adjusted earnings (EBIT before special items) of 26.8 million euros. Compared to the same period last… Continue reading German Handelsblatt: +++ Business figures in the news blog +++: Daimler Truck increases profit sharply – Thyssen-Krupp benefits from high steel prices004985
Electric Vehicles Lead the Way for Efficient Battery Solutions Globally
Electric vehicle manufacturers will adopt future chemistries over the next 5-7 years to overcome range anxiety and cost issues, says Frost & Sullivan SAN ANTONIO, Aug. 11, 2022 /PRNewswire/ — The increasing adoption of electric vehicles (EVs) has pushed the need for efficient battery solutions, augmented safety, and an extended life span. Frost & Sullivan’s… Continue reading Electric Vehicles Lead the Way for Efficient Battery Solutions Globally
CIMC teams up with JD to enhance supplies purchasing, logistics services
SHENZHEN, China, Aug. 11, 2022 /PRNewswire/ — Chinese leading container manufacturer China International Marine Containers (Group) Ltd (CIMC) signed a strategic cooperation agreement with e-commerce giant JD in Beijing on August 8 to step up cooperation in various fields, including supplies purchasing, logistics technology and services, etc. The two companies will leverage their respective strengths… Continue reading CIMC teams up with JD to enhance supplies purchasing, logistics services
Honda Motor Q1 consolidated profit dips by JPY 20.9 bn on semiconductor crunch
New Delhi: Honda Motor Company on Wednesday reported a consolidated operating profit of JPY 222.2 billion (a year-on-year decrease of JPY 20.9 billion), in Q1 FY23. Meanwhile, the consolidated profit for the fiscal first quarter attributable to owners of the parent amounted to JPY 149.2 billion (a year-on-year decrease by JPY 73.2 billion), due to… Continue reading Honda Motor Q1 consolidated profit dips by JPY 20.9 bn on semiconductor crunch
South Korea’s tech exports drop in sign of cooling global demand
South Korea’s technology exports declined for the first time in more than two years in July, in a sign that global demand is cooling as concerns mount about the outlook for the world economy. Exports of information and communications products edged down 0.7% from a year earlier, after a 6.8% gain in June, trade ministry… Continue reading South Korea’s tech exports drop in sign of cooling global demand
Indian rupee seen sharply higher on bets Fed may slow rate hikes
The Indian rupee is tipped to open higher against the dollar on Thursday after softer-than-expected U.S. consumer inflation data raised bets of less aggressive Federal Reserve rate hikes. The rupee is seen at around 79.05-79.10 per U.S. dollar in initial trades, up from 79.52 in the previous session. The dollar tumbled against its major peers… Continue reading Indian rupee seen sharply higher on bets Fed may slow rate hikes
StradVision Closes $88M Series C Funding
StradVision, a Seoul, South Korea-based AI-based perception processing company for Autonomous Vehicles and ADAS, raised $88M in Series C funding. The round was led by ZF and Aptiv. With this round closed, StradVision now has $129m USD in cumulative funding from the seed round through Series C. The company intends to use the funds to accelerate growth and expand… Continue reading StradVision Closes $88M Series C Funding