Chinese car giant Geely has today launched another EV brand and shown off its first venture: an electric pick-up truck. Called Radar Auto, the brand is “starting with trucks but is much more than just trucks”, promising to create a large electric portfolio also including SUVs and even ATVs. Its debut vehicle, the RD6, will be built on Geely’s… Continue reading Geely launches new EV brand Radar with electric pick-up truck
Category: Automotive
Panasonic claims new battery tech will increase range by 20%
Major battery supplier Panasonic has claimed its new technology could increase range by 20%, allowing for roomier and lighter EVs. The Japanese company is working to make its batteries more energy-dense. This would mean the same size pack could deliver a longer range and give manufacturers the chance to use smaller batteries without forfeiting any distance. To do this,… Continue reading Panasonic claims new battery tech will increase range by 20%
@FCA: Jeep® Brand Debuts Two New Wrangler Exterior Color Options for 2023 Model Year
July 13, 2022 , Auburn Hills, Mich. – Jeep® brand continues to keep its color palette fresh, giving Jeep enthusiasts the ability to order a custom look straight from the factory with not one, but two new exterior production colors on the 2023 model-year Jeep Wrangler: Earl and limited-production Reign. First showcased on the Gladiator Farout… Continue reading @FCA: Jeep® Brand Debuts Two New Wrangler Exterior Color Options for 2023 Model Year
Canoo (GOEV) and Walmart Enter Into Agreement for 4.5K LDVs
Electric vehicle startup, Canoo Inc. GOEV, recently signed a definitive agreement with Walmart Inc. WMT. According to the deal, WMT will buy at least 4,500 of Canoo’s upcoming electric delivery vans, beginning with the Lifestyle Delivery Vehicle (LDV), and will have the option to purchase up to 10,000 units. Post the announcement, shares of Canoo… Continue reading Canoo (GOEV) and Walmart Enter Into Agreement for 4.5K LDVs
Westport (WPRT) Secures Deal for LPG Supply to a Key OEM
Westport Fuel Systems Inc. WPRT recently announced that it has been awarded a program to develop and supply liquefied petroleum gas (LPG) systems for a wide range of vehicle applications to a global original equipment manufacturer (OEM). The contract is estimated to generate €38 million in revenues through the end of 2025. Production is expected… Continue reading Westport (WPRT) Secures Deal for LPG Supply to a Key OEM
BorgWarner (NYSE:BWA) investors are sitting on a loss of 26% if they invested a year ago
Investors can approximate the average market return by buying an index fund. But if you buy individual stocks, you can do both better or worse than that. Unfortunately the BorgWarner Inc. (NYSE:BWA) share price slid 27% over twelve months. That’s disappointing when you consider the market declined 18%. At least the damage isn’t so bad… Continue reading BorgWarner (NYSE:BWA) investors are sitting on a loss of 26% if they invested a year ago
Autoliv (ALV) Partners With POC for Bicycle Safety Equipment
Autoliv Inc. ALV recently announced that it has joined forces with POC to develop bicycle and e-bike helmets equipped with airbag technology to improve head protection gear and reduce the consequences of an impact. POC is a global leader in snow sports and cycling protection. Autoliv and POC have been jointly working to assess the… Continue reading Autoliv (ALV) Partners With POC for Bicycle Safety Equipment
Autonomous flight startup Merlin Labs nabs $105M and US Air Force partnership
Autonomous flight is a grand challenge in aviation — and a gold mine. The first company to crack it at scale stands to reap handsome profits from transportation and logistics alone. In 2020, the size of the global cargo airline industry was $110.8 billion, according to Statista, and one source estimates that it’ll generate hundreds… Continue reading Autonomous flight startup Merlin Labs nabs $105M and US Air Force partnership
Polestar on track to sell 50,000 EVs in 2022
Polestar, the electric vehicle maker that made its Nasdaq debut in June, said Wednesday it is on track to meet its annual sales target. For the first half of 2022, Polestar delivered approximately 21,200 cars, more than twice as many as the 9,510 cars it posted for the same period in 2021. The company said… Continue reading Polestar on track to sell 50,000 EVs in 2022
Groupe Touchette to Acquire American Tire Distributors’ National Tire Distributors Business and Bring Enhanced Service and More Choice to Canadian Consumers
MONTREAL and HUNTERSVILLE, N.C., July 13, 2022 /PRNewswire/ – Groupe Touchette Inc. (“Groupe Touchette”) and American Tire Distributors (“ATD”) today announced that they have entered into a definitive agreement pursuant to which Groupe Touchette will acquire ATD’s Canadian subsidiary, National Tire Distributors (“NTD”). The acquisition of NTD will significantly contribute to Groupe Touchette’s ability to serve its customers and business partners, bringing enhanced service, increased offering capacity and more choice to Canadian consumers. With NTD, Groupe Touchette’s growth will also create new job opportunities across… Continue reading Groupe Touchette to Acquire American Tire Distributors’ National Tire Distributors Business and Bring Enhanced Service and More Choice to Canadian Consumers