SHANGHAI, Jan. 12, 2022 /PRNewswire/ — Cango Inc. (NYSE: CANG) (“Cango” or the “Company”), a leading automotive transaction service platform in China, today announced that “Cango Haoche,” its B2B WeChat mini program providing automobile dealers with one-stop transaction, logistics, finance, and insurance services, is gaining traction with dealers and driving sales thanks to its new vehicle… Continue reading Cango Haoche’s Display Function Drives Auto Sales
Category: Newswire
Next.e.GO Mobile becomes the first independent BEV manufacturer to enable its customers trade their CO2 certificates (GHG quota)
AACHEN, Germany, Jan. 12, 2022 /PRNewswire/ — Next.e.GO Mobile SE, the independent German manufacturer of innovative and sustainable urban electric vehicles, announced today that it will enable its customers to trade their GHG quota (CO2 certificates). Together with the partner, Fairnergy, e.GO Mobile offers simple and fast processing of the sale of the GHG quota… Continue reading Next.e.GO Mobile becomes the first independent BEV manufacturer to enable its customers trade their CO2 certificates (GHG quota)
World NM: General Motors names Saudi Petromin Corporation as new aftermarket wholesaler001706
RIYADH: US automotive company General Motors has appointed the Saudi lubricants and automotive services company Petromin Corp. as a new wholesale distributor for ACDelco in the Kingdom. ACDelco, a subsidiary of General Motors, is the region’s primary supplier of aftermarket products. Since 1998, it has produced and sold 50 million batteries in the region. Go to… Continue reading World NM: General Motors names Saudi Petromin Corporation as new aftermarket wholesaler001706
Magna Adds More Than 120 Engineers, Strengthens ADAS Capabilities
Majority of Optimus Ride engineering team joins Magna Bolsters Magna’s expertise in advanced sensing technologies Adds engineering center in Boston area AURORA, Ontario, Jan. 11, 2022 (GLOBE NEWSWIRE) — Magna has added more than 120 employees of Optimus Ride, a provider of autonomous vehicle and mobility solutions located in Boston, to enhance Magna’s capabilities in… Continue reading Magna Adds More Than 120 Engineers, Strengthens ADAS Capabilities
Car Capital Secures $150M from Fortress Investment Group
GRAPEVINE, Texas, Jan. 11, 2022 /PRNewswire/ — Automotive FinTech company, Car Capital, has closed a $150 million three-year secured credit facility and a $6.125 million equity investment from funds managed by affiliates of Fortress Investment Group. This milestone transaction provides Car Capital with the debt needed to continue to expand their rapidly growing business, fund more… Continue reading Car Capital Secures $150M from Fortress Investment Group
BorgWarner and OGCI Climate Investments Complete New Investments in Qnovo in $24M Series-C Funding
NEWARK, Calif., Jan. 11, 2022 /PRNewswire/ — Qnovo, a pioneer in battery management software, announced the closing of $24M in Series-C financing. BorgWarner led the round with significant participation by OGCI Climate Investments and Constellation Technology Ventures. Existing investors U.S. Venture Partners and RockPort Capital also participated. The company, which is in advanced vehicle qualifications with… Continue reading BorgWarner and OGCI Climate Investments Complete New Investments in Qnovo in $24M Series-C Funding
BorgWarner Completes Investment in Qnovo Inc., Enhancing Battery Management Capabilities
AUBURN HILLS, Mich., Jan. 11, 2022 /PRNewswire/ — BorgWarner, a global leader in delivering innovative and sustainable mobility solutions for the vehicle market, today announced its investment in Qnovo, Inc., a privately held, Silicon Valley-based software and controls company. BorgWarner is the lead investor for Qnovo’s multi-million-dollar Series-C capital raise. With Qnovo’s focus on battery… Continue reading BorgWarner Completes Investment in Qnovo Inc., Enhancing Battery Management Capabilities
Velodyne Lidar Signs Five-Year Sales Agreement with QinetiQ
SAN JOSE, Calif.–(BUSINESS WIRE)– #VelodyneLidar–Velodyne Lidar announced a five-year sales agreement for its lidar sensors with QinetiQ, a leading defense and security company. Go to Source
Allison Transmission Delivers 2 Millionth 1000/2000 Series Transmission
INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission, a leading designer and manufacturer of conventional and electrified vehicle propulsion solutions, is pleased to announce the delivery of its 2 millionth 1000/2000 Series transmission, a milestone in the company’s history of providing reliable, durable transmissions for light and medium duty commercial vehicles. The transmission was delivered to Penske Truck Leasing, a… Continue reading Allison Transmission Delivers 2 Millionth 1000/2000 Series Transmission
The My GM Rewards Loyalty Program Expands Rewards for Chevrolet, Buick, GMC, and Cadillac Owners
DETROIT, Jan. 10, 2022 /PRNewswire/ — Today, General Motors (NYSE: GM) launched the all-new My GM Rewards loyalty program for Chevrolet, Buick, GMC, and Cadillac customers, featuring three membership tiers and new ways to redeem, unlocking a new world of appreciation for rewards members. My GM Rewards is the most comprehensive Automotive Loyalty program for members. Today also… Continue reading The My GM Rewards Loyalty Program Expands Rewards for Chevrolet, Buick, GMC, and Cadillac Owners