China’s BAIC Group, partner of Mercedes-Benz and Hyundai, has unveiled a new brand called BEIJING in an effort to sharpen the competitive edge of its own passenger vehicle business.BJEV spent 159 million yuan ($22.5 million) in research and development in the first half of the year.In five years’ time, the group will invest 20 billion yuan to develop two new product platforms: one for hybrid cars and the other for electric vehicles.
Category: Newswire
Smart Radar System Raises Series A for the World’s First 4D Image Radar with Sub-1 Degree Angular Resolution
SEONGNAM, Korea, Oct. 28, 2019 /PRNewswire/ — Smart Radar System (SRS), a startup developing radar solutions for autonomous cars and industrial applications, closed a $4 million Series A funding round. The round was led by Kakao Ventures, with participation from Hemi Ventures, Hyundai Investment Partners and other investors. Continue Reading Smart Radar System RETINA 4:… Continue reading Smart Radar System Raises Series A for the World’s First 4D Image Radar with Sub-1 Degree Angular Resolution
Dreyev Chooses HERE to Improve Driver Safety
New HERE Live Sense SDK Provides a More Complete Driver Safety Solution for Fleet Managers and Insurance Carriers Go to Source
Daimler reports third-quarter 2019 results
STUTTGART, Germany, Oct. 24, 2019 /PRNewswire/ — Strong Q3 sales for Mercedes-Benz Cars (+8%) and Vans (+10%) Revenue of €43.3 billion (Q3 2018: €40.2 billion) Group EBIT of €2.7 billion (Q3 2018: €2.5 billion) Group net profit of €1,813 million (Q3 2018: €1,761 million) Industrial Net Liquidity at €9.6 billion (Q2 2019: €6.6 billion)… Continue reading Daimler reports third-quarter 2019 results
Nidec Announces Financial Results for Fiscal Second Quarter and Six Months Ended September 30, 2019
KYOTO, Japan, Oct. 23, 2019 (GLOBE NEWSWIRE) — Nidec Corporation (TSE: 6594) (OTC US: NJDCY) today announced its consolidated financial results under the International Financial Reporting Standards (“IFRS”) for the period of April 1, 2019 through September 30, 2019.The highlights are as follows:First-half net sales remain flat Y/Y and the annual forecast remains unchanged.First-half operating… Continue reading Nidec Announces Financial Results for Fiscal Second Quarter and Six Months Ended September 30, 2019
Nidec Revises Consolidated Financial Forecast and Year-End Dividend Projection for the Year Ending March 31, 2020
KYOTO, Japan, Oct. 23, 2019 (GLOBE NEWSWIRE) — Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company”) today announced downward revision to its IFRS-based consolidated financial forecast and upward revision to its year-end dividend projection for the year ending March 31, 2020, previously announced on July 24, 2019.The details are as follows:Revised consolidated financial forecast… Continue reading Nidec Revises Consolidated Financial Forecast and Year-End Dividend Projection for the Year Ending March 31, 2020
Martinrea International Inc. Announces Strategic Relationship With Millison Die Casting
TORONTO, Oct. 23, 2019 (GLOBE NEWSWIRE) — Martinrea International Inc. (TSX : MRE), a diversified and global automotive supplier engaged in the design, development and manufacturing of highly engineered, value-added Lightweight Structures and Propulsion Systems, today announced a strategic relationship with Chongqing Millison Die Casting Co., Ltd. Based in Chongqing, China, Millison manufactures and distributes… Continue reading Martinrea International Inc. Announces Strategic Relationship With Millison Die Casting
Karma Automotive Opens Tech Base In Silicon Valley
“Karma serves as a technology incubator,” said Karma CEO Dr. Lance Zhou. “We are opening our product platform to serve as a test bed to help potential business partners bring emerging innovation to market and increase the speed of our own product development.” Establishing a proactive presence in California’s northern hub of tech development is… Continue reading Karma Automotive Opens Tech Base In Silicon Valley
EVgo Announces 40% Growth in Its California Fast Charging Network
“EVgo is enabling electric for all by building our fast charging stations in the places where EV drivers live, work and shop,” said Cathy Zoi, EVgo’s CEO. “EVgo’s California network will grow by 40% this year, and today, 80% of California EV drivers live within a 15-minute drive of one of 300 EVgo reliable and convenient fast… Continue reading EVgo Announces 40% Growth in Its California Fast Charging Network
Lexus Presents its Vision of Future Electrification with the World Premiere of the LF-30 Electrified Concept
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