Hillhouse Joins $100M Series C Round In Mobike As Bike Sharing Battle Heats Up

Shanghai-based bike sharing mobile app Mobike has raised over US$100 million in a new round of financing led by Hillhouse Capital and Warburg Pincus, a few days after Didi Chuxing invested tens of millions of U.S. dollars in rival start-up ofo, signaling the pair are ready to embark on an intensive battle to grab market… Continue reading Hillhouse Joins $100M Series C Round In Mobike As Bike Sharing Battle Heats Up

07/16/2019MAHLE corporate start-up chargeBIG establishes charging infrastructure for electric vehicles

MAHLE corporate start-up chargeBIG establishes charging infrastructure for electric vehicles

Stuttgart/Germany, July 16, 2019 – Today, MAHLE celebrates the go-live of 100 chargeBIG charging points for electric vehicles in the company’s own parking garage in Stuttgart-Bad Cannstatt/Germany. This event is MAHLE’s contribution toward the day of action organized by the Bündnis für Luftreinhaltung, a local alliance to combat air pollution.

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Press release [PDF; 39 KB]Press picture [JPG; 3139 KB] One hundred charging points go into operation in the company’s own parking garagechargeBIG is a centralized, scalable charging infrastructure concept for fleet operators and drivers who leave their cars in a parking lot all day Low-cost and time-saving integration into existing infrastructure“Our corporate start-up chargeBIG has a vision: in the future, the charging of electric vehicles will be widespread, low cost, very easy, and clever. Today, this vision has become a reality in Bad Cannstatt,” explains Dr. Jörg Stratmann, Chairman of the Management Board and CEO of MAHLE.
Around 120 guests from the fields of politics, business, and science are expected to attend the event on MAHLE’s parking deck to find out about the intelligent charging structure as well as the fast charging unit with battery storage. Anyone traveling in their own electric vehicle will be able to connect to one of the new chargeBIG charging points and test the system directly. The development of the charging infrastructure in MAHLE’s parking garage is the result of a project funded by the German Federal Ministry for Economic Affairs and Technology (BMWi) and carried out in collaboration with partners Fraunhofer ITWM and eliso.
“chargeBIG is a smart, pragmatic solution that has come about in a lively start-up environment—with a fantastic team spirit, huge commitment, and great enthusiasm,” says Dr. Stratmann.
Intelligent charge management system for long-stay parkingchargeBIG is an intelligent charge management system for users of long-stay parking and can be integrated into the existing infrastructure at low cost and without protracted conversion work. The system follows a new approach: charging as quickly as necessary rather than charging as quickly as possible. And it is intended for use by as many vehicles as possible, among which the amount of electricity available is distributed intelligently. The chargeBIG system is an ideal solution for parking lots where electric vehicles are left for relatively long periods of time—as in company parking garages, at airports, in underground garages for large residential buildings, and in the case of fleet operators.
The chargeBIG charging concept consists of a central control unit with permanently mounted cables and connector plugs instead of charging columns in the parking lot. Thanks to the intelligent charging system and design-to-cost approach, there is no need to invest in expanding the network connection, thus saving time and money when setting up the charging infrastructure.
A central control unit distributes the available charging capacity across the parked vehicles using dynamic, phase-specific load management. This prevents unbalanced loads in the power supply. chargeBIG responds flexibly to other consumers on the network and uses the electric vehicles as a controllable load, ensuring optimal utilization of the available power supply. In addition, the chargeBIG solution is more convenient to install and look after than alternative systems, as the charging points can be maintained very easily via the central electronics. The system offers a further advantage in terms of safety, because the charging points are de-energized when not in use.
Air quality action dayThe unveiling of the charging points is also MAHLE’s contribution toward the day of action organized by the Bündnis für Luftreinhaltung. This alliance of major Stuttgart-based companies to combat air pollution was officially launched in spring 2019 with the support of the Minister President of Baden-Württemberg, the German federal state in which MAHLE is headquartered. The joint goal of the alliance is, as far as possible, to keep the city’s air quality within the relevant limit values for nitrogen oxide and fine particulates from 2020. For this reason, the participating companies aim to use numerous measures to exert a positive influence on their employees’ transport choices.
About MAHLEMAHLE is a leading international development partner and supplier to the automotive industry as well as a pioneer for the mobility of the future. The MAHLE Group is committed to making transportation more efficient, more environmentally friendly, and more comfortable by continuously optimizing the combustion engine, driving forward the use of alternative fuels, and laying the foundation for the worldwide introduction of e-mobility. The group’s product portfolio addresses all the crucial issues relating to the powertrain and air conditioning technology—both for drives with combustion engines and for e-mobility. MAHLE products are fitted in at least every second vehicle worldwide. Components and systems from MAHLE are also used off the road—in stationary applications, for mobile machinery, rail transport, as well as marine applications.
In 2018, the group generated sales of approximately EUR 12.6 billion with more than 79,000 employees and is represented in over 30 countries with 160 production locations. At 16 major research and development centers in Germany, Great Britain, Luxembourg, Spain, Slovenia, the USA, Brazil, Japan, China, and India, more than 6,100 development engineers and technicians are working on innovative solutions for the mobility of the future.
For further information, contact:MAHLE GmbH
Margarete Dinger
Corporate Communications/Public Relations
Pragstraße 26–46
70376 Stuttgart/Germany
Phone: +49 711 501-12369
margarete.dinger@mahle.com

TI Automotive Opens New Fuel Tank Systems Production Facility In Baoding, China

• Facility produces plastic fuel tank systems for Great Wall Motors Haval line of sport-utility vehicles and crossover-utility vehicles• New location is TI Automotive’s 17th within China AUBURN HILLS, Mich. (June 15, 2016) — TI Automotive, a leading global supplier of automotive fluid systems, officially opened a new fuel tank systems production facility today in… Continue reading TI Automotive Opens New Fuel Tank Systems Production Facility In Baoding, China

TriLumina announces Luke Smithwick as its Chief Marketing Officer

April 28, 2016 Albuquerque NM (PRWEB) April 28, 2016 — TriLumina (http://www.trilumina.com) today announced the appointment of Luke Smithwick as its Chief Marketing Officer. The addition of Luke to the TriLumina team further develops the breadth and strength of the senior leadership team and adds automotive bench strength, ensuring the success of current and future product offerings in the rapidly expanding automotive ADAS semiconductor… Continue reading TriLumina announces Luke Smithwick as its Chief Marketing Officer

TI Automotive Opens New Manufacturing Facility In Monterrey, Mexico

AUBURN HILLS, Mich. (April 13, 2016) — TI Automotive, a leading global supplier of automotive fluid systems technology, has opened a new manufacturing facility in Monterrey, Mexico. The new, 53,000 square-foot facility will produce fluid carrying systems for the new Hyundai/ Kia manufacturing facility located nearby. TI Automotive is expected to employ around 100 people… Continue reading TI Automotive Opens New Manufacturing Facility In Monterrey, Mexico

DENSO Invests in Semiconductor Laser Startup TriLumina

April 7, 2016 SOUTHFIELD, Mich. – DENSO International America, Inc. has invested in TriLumina Corp., an innovative semiconductor laser technology company that focuses on providing light sources for LiDAR and interior illumination products. DENSO is looking to speed up the adoption of LiDAR and driver monitoring technologies in Advanced Driver Assistance systems, which are key technologies… Continue reading DENSO Invests in Semiconductor Laser Startup TriLumina

TVR announces forthcoming production facility in South Wales and significant additional investment in the project

TVR today announces that it will build a production facility in Ebbw Vale Enterprise Zone, South Wales

TVR today announces that it will build a production facility in Ebbw Vale Enterprise Zone, South Wales

Resurgent British sports car maker, TVR, has announced today that its new production facility will be located in the Ebbw Vale Enterprise Zone in South Wales. The Welsh Government will also invest in the car maker, further enhancing this exciting manufacturing project which represents over £30 million of capital expenditure over the next five years.

The contracts to locate the new TVR factory in Wales were signed on the 18th March 2016 and the deal was officially announced by Rt. Hon Carwyn Jones, the First Minister of Wales, during a press conference this morning. Currently, TVR is looking at several specific options for the precise location of the factory, the outcome of which will be the subject of a separate announcement in the coming weeks.

Les Edgar, Chairman of TVR said: “This is a fantastic opportunity both for TVR and the Welsh Government. South Wales is becoming a major hub for automotive and motorsport technology and development and the area is a serious opportunity for business development and job creation. We have a sports car project that has garnered global approval and excitement, and we are delighted that the Welsh government wish to become a part of an exciting new era for TVR.”

The First Minister said: “This is yet another fantastic high profile investment for Wales and a great boost for our automotive sector. TVR is another iconic and much loved, world-class brand that still commands a strong and loyal international following. I am delighted the next generation of TVRs will proudly bear the label Made in Wales.

“Today’s news follows hot on the heels of the Aston Martin announcement and sends out a strong, clear message that Wales is the location of choice for advanced manufacturing. It also illustrates that our pro-business approach is delivering results, attracting significant investment and creating high quality jobs and it is another huge boost for Wales, for our automotive sector and for our skilled workforce.”

The new TVR project, which was announced in early 2015, has already secured in excess of 350 deposits for the fantastic new launch edition car, which features innovative design and styling that maintains the distinctive TVR DNA, but also includes F1 inspired, ground-effect technology. The chassis and body has been designed by Gordon Murray of Gordon Murray Design Ltd.and will be the first production car to be manufactured using their revolutionary iStream® assembly process. Power is provided by a Cosworth tuned and enhanced V8 engine. The Welsh factory will be busy fulfilling orders that already run through to the end of 2018.

TI Automotive Acquires Millennium Industries Corporation

AUBURN HILLS, Mich. (Feb 16, 2016) – TI Automotive, a leading global supplier of advanced automotive fluid carrying and delivery systems has acquired Millennium Industries Corporation, a Ligonier, Indiana, based producer of powertrain products for the automotive industry. Acquisition strengthens TI Automotive powertrain product portfolio, expertise and manufacturing reach TI Automotive currently provides gasoline direct-injection… Continue reading TI Automotive Acquires Millennium Industries Corporation

Bentley Bentayga V8 2018 review

Following the launch of W12 petrol and V8 diesel engines, this is the third and perhaps the most convincing powerplant to feature in Bentley’s monumentally capable Bentayga SUV. It’s a 4.0-litre, 90-degree V8 with its two twin-scroll turbochargers sitting within the vee of the cylinders. You’ll find it also in the Porsche Cayenne Turbo, and… Continue reading Bentley Bentayga V8 2018 review

Ford Mondeo review

A large boot and plenty of room for passengers make the Mondeo a highly practical choice The Mondeo’s rakish looks don’t compromise its interior functionality. There’s plenty of space for five adults and a big boot. A deep centre armrest, big cupholders and extra space behind the floating centre console mean oddment storage in the… Continue reading Ford Mondeo review