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

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

Ericsson and NVIDIA Collaborate to Accelerate Virtualized 5G Radio Access Networks with GPUs

LOS ANGELES, Oct. 21, 2019 (GLOBE NEWSWIRE) — Mobile World Congress —NVIDIA and Ericsson today announced they are collaborating on technologies that can allow telco operators to build high-performing, efficient and completely virtualized 5G radio access networks (RAN). These virtualized networks can enable faster and more flexible introduction of new AI and IoT services.The collaboration,… Continue reading Ericsson and NVIDIA Collaborate to Accelerate Virtualized 5G Radio Access Networks with GPUs