Category: Newswire

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.

SAIC Volkswagen to expand production at Xinjiang plant

URUMQI, Sept. 12 (Xinhua) — SAIC Volkswagen's plant in China's far west Xinjiang Uygur Autonomous Region is scheduled to increase production by mass-producing an SUV model in mid-2020.
The SUV production line has been installed and is expected to start mass production of the Tharu SUV model in July next year, said Fu Xuejun, general manager of the SAIC Volkswagen (Xinjiang) Automotive Co., Ltd.
The Xinjiang subsidiary previously only produced the new Santana sedan model, with the output exceeding 20,000 units last year.
After the mass production of the SUV model, total production at the Xinjiang plant is expected to increase to 50,000 units.
The subsidiary, based in Urumqi, capital of Xinjiang, is SAIC Volkswagen's first production facility in western China and also Xinjiang's first passenger vehicle assembly plant.