The Israel Innovation Authority, in charge of fostering the nation’s tech ecosystem, has signed an agreement with an Italian unit of multinational automaker Stellantis NV to cooperate in technological innovation that will help grow Israeli firms and boost the firm’s tech prowess. The agreement is part of the Israel Innovation Authority’s R&D and Pilot Collaboration… Continue reading World NM: Stellantis, maker of Dodge and Maserati, scouting Israeli startups for tech edge001072
Category: Newswire
ALYI Announces New Contract And Strategic Investment Expanding Its EV Ecosystem
DALLAS, April 8, 2021 /PRNewswire/ — Alternet Systems, Inc. (USOTC: ALYI) today announced executing a new agreement substantially expanding the company’s overall electric vehicle ecosystem vision and strategy. The new agreement represents an electric vehicle deployment sector expansion beyond ALYI’s current rideshare entry point. It also brings a geographic expansion opportunity beyond ALYI’s current East African… Continue reading ALYI Announces New Contract And Strategic Investment Expanding Its EV Ecosystem
magniX Continued Flight Testing Reveals Electric Aircraft Significantly Reduce Noise Pollution
Several studies have shown the negative impact aircraft noise has on people including adverse effects to both physical and mental health. In fact, one study published by Noise and Health International Journal found that aircraft noise is one of the most detrimental environmental effects of aviation. In particular, the study stated that it can disrupt sleep,… Continue reading magniX Continued Flight Testing Reveals Electric Aircraft Significantly Reduce Noise Pollution
Kia Launches All-New Marketing Campaign For An All-New Category Of Vehicle – The Carnival MPV
The spot features the Kia Carnival MPV traveling along a stretch of desert road, passing through vignettes of life’s interesting moments. From dirt bike races to marathons, camping trips and moving to a new home, the Carnival is there through life’s turns. In each scenario, one of Carnival’s key product features helps tell the story,… Continue reading Kia Launches All-New Marketing Campaign For An All-New Category Of Vehicle – The Carnival MPV
World NM: SsangYong halts plant operations on chip parts shortage001069
Financially troubled carmaker SsangYong Motor Co. said Thursday it will suspend the operation of its local plant for a week due to lack of semiconductor chips. The SUV-focused carmaker resumed operations on March 2 after halting the Pyeongtaek plant for 16 days in February as its subcontractors refused to supply parts due to outstanding payments.… Continue reading World NM: SsangYong halts plant operations on chip parts shortage001069
Volvo Group and SSAB to collaborate on the world’s first vehicles of fossil-free steel
GÖTEBORG, Sweden, April 8, 2021 /PRNewswire/ — Volvo Group and SSAB have signed a collaboration agreement on research, development, serial production and commercialization of the world’s first vehicles to be made of fossil-free steel. Volvo plans already this year to start the production of concept vehicles and components from steel made by SSAB using hydrogen.… Continue reading Volvo Group and SSAB to collaborate on the world’s first vehicles of fossil-free steel
Senmiao Technology Announces Over 1.5 Million Completed Rides on its Ride-Hailing Platform in March 2021
CHENGDU, China, April 7, 2021 /PRNewswire/ — Senmiao Technology Limited (“Senmiao”) (Nasdaq: AIHS), a financing and servicing company focused on the online ride-hailing industry in China as well as an operator of its own online ride-hailing platform, today announced operating metrics for its proprietary online ride-hailing platform for the month of March 2021. The growth rate… Continue reading Senmiao Technology Announces Over 1.5 Million Completed Rides on its Ride-Hailing Platform in March 2021
World NM: SK hynix in talks with Bosch over supply of automotive memory chips: sources001065
SK hynix Inc., South Korea’s second-largest chipmaker, is in talks with German auto parts giant Robert Bosch GmbH over a long-term supply of automotive memory semiconductors, industry sources said Wednesday. Industry observers believe that SK hynix will bolster its moves to expand its sales in the automotive sector amid a shortage of chips that led… Continue reading World NM: SK hynix in talks with Bosch over supply of automotive memory chips: sources001065
Renren Announces a $6 Million Equity Investment in Kaixin Auto
BEIJING, April 6, 2021 /PRNewswire/ — Renren Inc. (NYSE: RENN) (“Renren” or the “Company”) announced today that Renren has made a $6,000,000 equity investment in Kaixin by subscribing Kaixin Auto Holdings’ (“Kaixin”) newly designated convertible preferred shares. The preferred shares are convertible into Kaixin’s ordinary shares at a conversion price of $3.00, subject to customary adjustments pursuant… Continue reading Renren Announces a $6 Million Equity Investment in Kaixin Auto
Car Capital Announces $8.8 Million Series A Funding Round and Launches Operations
GRAPEVINE, Texas, April 6, 2021 /PRNewswire/ — Car Capital, an advanced technology company that provides their dealer partners with the ability to make 24/7 instant auto loan decisions, has closed an $8.8 million Series A funding round. The round was led by FM Capital with participation from over 50 individual and institutional investors, including Automotive… Continue reading Car Capital Announces $8.8 Million Series A Funding Round and Launches Operations