Last week, many auto biggies released U.S. vehicle sales data for the month of October 2022. Among the automakers that revealed monthly sales numbers, Toyota, Mazda, Hyundai, Kia, Subaru and Volvo registered year-over-year gains, while Ford and Honda posted a decline in sales. Per Motor Intelligence, the seasonally adjusted annualized rate of sales reached 15.28… Continue reading Auto Roundup: Key Tidbits From Q3 Reports of GT, CMI, LEA, CVNA & TEN
Category: Automotive
Yassir pulls in $150M for its super app, led by BOND
Yassir, an African super app platform that offers on-demand services such as ride-hailing, food and grocery delivery, and payments, has raised $150 million in Series B funding, five times what it raised in its previous priced round last November. The investment was led by BOND, the growth-stage firm that Mary Meeker spun out of Kleiner… Continue reading Yassir pulls in $150M for its super app, led by BOND
Trouble brews at Arrival, TuSimple ousts its CEO and Cruise expands in San Francisco
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive the full edition of the newsletter every weekend in your inbox. This is a shorter version of The Station newsletter that is emailed to subscribers. Want all the deals, news roundups and commentary? Subscribe… Continue reading Trouble brews at Arrival, TuSimple ousts its CEO and Cruise expands in San Francisco
Ouster and Velodyne agree to merger, signaling consolidation in lidar industry
Ouster and Velodyne, two lidar companies, have agreed to a merger in an all-stock transaction, the companies said Monday. Both Ouster and Velodyne will maintain a 50% stake in the new company, according to the agreement that was signed on November 4. The merger comes as many in the industry, including autonomous vehicle technology company… Continue reading Ouster and Velodyne agree to merger, signaling consolidation in lidar industry
MiX Telematics wins Fleet Safety Partnership Award with McGill’s
BOCA RATON, Fla. and BIRMINGHAM, England, Nov. 7, 2022 /PRNewswire/ — MiX Telematics (JSE: MIX) (NYSE: MIXT) (“MiX Telematics” or the “Company”), a leading global SaaS provider of connected fleet management solutions, is pleased to announce that the Company has won a Fleet Safety Partnership Award for its partnership with McGill’s. Presented by Brake at the 2022… Continue reading MiX Telematics wins Fleet Safety Partnership Award with McGill’s
Dropshipping Market to Reach $1,670.1 Billion, Globally, by 2031 at 27.1% CAGR: Allied Market Research
Rise in smartphone penetration and surge in consumer disposable income have boosted the growth of the global dropshipping market. PORTLAND, Ore., Nov. 7, 2022 /PRNewswire/ — Allied Market Research recently published a report, titled, “Dropshipping Market by Product (Electronics, Fashion, Toys, hobby, and DIY, Furniture, Beauty, Health, Personal, and Household Care, Others), by Destination (Domestic, International):… Continue reading Dropshipping Market to Reach $1,670.1 Billion, Globally, by 2031 at 27.1% CAGR: Allied Market Research
Demand for Lithium Buoyed by the Growing Electrification of Vehicles
FinancialBuzz.com News Commentary NEW YORK, Nov. 7, 2022 /PRNewswire/ — The electrification of vehicles is still in its infancy stage, and it is projected to attract a significant volume of lithium-ion batteries. Lithium-ion batteries are heavily adopted due to their compact size, rechargeability, recyclability and high-density energy output. As a result, such batteries are largely… Continue reading Demand for Lithium Buoyed by the Growing Electrification of Vehicles
EV Battery Reuse Market Size To Reach USD 3.9 Billion By 2031, Growing At A CAGR of 34.3% | Valuates Reports
BANGALORE, India, Nov. 7, 2022 /PRNewswire/ — EV Battery Reuse Market by Source (Battery Electric Vehicles (BEVs), Hybrid Electric Vehicle (HEV), Plug-in Hybrid Electric Vehicle (PHEV), Fuel Cell Electric Vehicle (FCEV)), by Battery Chemistry (Lithium-Iron Phosphate, Lithium-Manganese Oxide, Lithium-Nickel-Cobalt-Aluminum Oxide, Lithium-Nickel-Manganese Cobalt, Lithium-Titanate Oxide), by Vehicle Type (Passenger Cars, Commercial Vehicles), by Application (Low speed vehicles, Base… Continue reading EV Battery Reuse Market Size To Reach USD 3.9 Billion By 2031, Growing At A CAGR of 34.3% | Valuates Reports
Percepto Gains Nationwide US Waiver to Remotely Deploy and Operate Automated Drones for Critical Infrastructure Monitoring
First of its kind granted by FAA for drone-in-a-box solution; Enables quick, AI-powered drone deployment for the inspection of power, oil & gas, solar plants and mining AUSTIN, Texas, Nov. 7, 2022 /PRNewswire/ — Percepto, the leading autonomous inspection and monitoring solution provider, today announced that the Federal Aviation Administration (FAA) granted the company a… Continue reading Percepto Gains Nationwide US Waiver to Remotely Deploy and Operate Automated Drones for Critical Infrastructure Monitoring
10bet ready to take SA online sports betting and games industry by storm
JOHANNESBURG, Nov. 7, 2022 /PRNewswire/ — Global sports betting and games operator, 10bet, has announced the launch of its trusted online sportsbook and games offering in South Africa. With 20 years of experience in international markets, this latest move showcases the sportsbook’s commitment to expanding further into Africa, one country at a time. Currently live… Continue reading 10bet ready to take SA online sports betting and games industry by storm