Category: Newswire

Toyota Injects $391 Million New Investment in Its San Antonio Assembly Plant

As part of Toyota’s commitment to help San Antonio’s workforce and education, Alamo Promise will receive a $500,000 donation from Toyota Texas over a five-year period. Alamo Promise’s mission is to end poverty, enhance economic and social mobility and meet workforce demands throughout the city. Separately, Aisin AW, a supplier to Toyota Texas and other… Continue reading Toyota Injects $391 Million New Investment in Its San Antonio Assembly Plant

Start-Up Launches New Ride-Hail Platform That Guarantees the Lowest Rate Possible For Every Ride

NEW YORK, Sept. 17, 2019 /PRNewswire/ — Ride-hail technology innovator Bid2Ride today launched the world’s first hybrid app that combines a bid-based pricing model with a rate aggregation platform, serviced by its own fleet of licensed drivers. By integrating these two features into one app, Bid2Ride guarantees customers the lowest rate for every ride by… Continue reading Start-Up Launches New Ride-Hail Platform That Guarantees the Lowest Rate Possible For Every Ride

Fair Closes $500 Million to Unlock Rideshare Supply and Scale Subscriptions

SANTA MONICA, Calif., Sept. 17, 2019 /PRNewswire/ — In a transaction designed to sharply scale its rapidly growing Uber partnership, vehicle subscription app Fair today announced a $500 million revolving credit facility led by Mizuho Bank that will allow drivers nationwide to access a rideshare-ready Fair car, regardless of credit. SoftBank Group Corp. (“SBG”) is among… Continue reading Fair Closes $500 Million to Unlock Rideshare Supply and Scale Subscriptions

Auto parts supplier Matador joins battery production project

Matador, the premium Slovak supplier of the automotive industry, is joining a local battery production project .Matador is expected to play a crucial role in the development phase of the InoBat Auto 100MWh demonstration production line.Having strong and experienced engineering and project management teams who have been designing state-of-art fully automated production lines for major automotive industry players, Matador will assist InoBat Auto during the construction period.

Trimble Offers Complimentary Version of Visibility Platform to its Existing Transportation Customers

HOUSTON, Sept. 16, 2019 /PRNewswire/ — Trimble (NASDAQ: TRMB) announced today that many of its carrier customers now have complimentary access to a selection of key tools found in its industry-leading Visibility platform. This new version of the Visibility solution utilizes data pulled in from Trimble’s Transportation Management System (TMS) and Mobility solutions to give… Continue reading Trimble Offers Complimentary Version of Visibility Platform to its Existing Transportation Customers

China’s CATL unveils cell-to-pack battery platform

FUZHOU, Sept. 13 (Xinhua) — Contemporary Amperex Technology Co., Ltd. (CATL), China's largest automotive lithium-ion battery maker, unveiled its focus on the development of cell-to-pack (CTP) batteries to improve efficiency and lower costs.
To safely and efficiently manage the battery cells mounted in an electric vehicle (EV), battery cells are installed in modules and packs. Generally, a cluster of cells make up a module and a cluster of modules make up a pack. Ultimately, each electric vehicle is installed with one pack.
CTP, the company's latest product platform, skips the process of battery modules and allows cells to be directly integrated into packs.
Using the CTP technology, which includes more than 70 core patents, CATL can increase mass-energy density by 10 to 15 percent, improve volume utilization efficiency by 15 to 20 percent and reduce the amount of parts for battery packs by 40 percent.
A CTP battery can increase the system energy density from 180 Wh/kg to more..

Goldbell launches accelerator programme for mobility startups

VEHICLE leasing company Goldbell Group has launched mobility accelerator programme Move.SG.The one-year programme will focus on mobility, transport and logistics.Beyond Enterprise Singapore, key industry partners of the programme include Shell, Avis Budget Group, ComfortDelGro, Momentum VC (the corporate venture arm of SMRT) and Airmaker (a subsidiary of Ascendas-Singbridge).

Maruti Suzuki S-Presso to make use of Heartect platform

Maruti Suzuki India’s upcoming car S-Presso will make use of the company’s fifth-generation Heartect platform.Designed for passenger protection, Heartect makes use of ultra and advanced high tensile steel.This engine is currently available with Maruti Suzuki Alto K10 but in a BS4 iteration.