Pininfarina has announced the launch of its 2024/2025 Global Design Contest, inviting final-year students from selected schools worldwide, specialising in mobility design, interaction design, and architecture, to participate. This year’s theme, “Materiality, the Umami of Mobility”, challenges contestants to envision future living and transportation, emphasising the impactful role of materials in creating groundbreaking design solutions. … Continue reading Pininfarina launches Global Design Contest: Materiality, the Umami of Mobility
Tag: Contract Manufacturer
Valmet Automotive establishes its battery business as an independent company and appoints a CEO and CFO to lead it
Valmet Automotive has built up a battery business of significant size during the past five years and it has become one of the leading European independent manufacturers of battery modules and packs for the automotive industry. Launched in 2019, the business reached gross sales of more than 1.2 billion EUR in 2023, with net sales… Continue reading Valmet Automotive establishes its battery business as an independent company and appoints a CEO and CFO to lead it
Nvidia profits fail to spark share price rally; UK to join Pacific trade bloc in December – business live
02.56 EDT Nvidia shares down 7% pre-market; UK car production falls 14% Good morning, and welcome to our live coverage of business, economics and financial markets. Nvidia shares are down 7% in after-hours trading despite actually beating analyst expectations for sales and profits. The Silicon Valley chip designer reported sales more than doubling to $30bn (£23bn),… Continue reading Nvidia profits fail to spark share price rally; UK to join Pacific trade bloc in December – business live
Tata Motors unveils Ultra EV 7M with 160km range at Prawaas 4.0 sustainable mobility expo
Tata Motors, India’s largest commercial vehicle manufacturer and market leader, has showcased an array of cutting-edge mass mobility solutions at Prawaas 4.0, a three-day biennial event highlighting safe, smart and sustainable integrated mass mobility solutions, which opened today at the BIEC in Bengaluru. The company unveiled the all-new Tata Ultra EV 7M, a zero-emission, intra-city… Continue reading Tata Motors unveils Ultra EV 7M with 160km range at Prawaas 4.0 sustainable mobility expo
Tata Motors unveils Ultra EV 7M with 160km range at Prawaas 4.0 sustainable mobility expo
Tata Motors, India’s largest commercial vehicle manufacturer and market leader, has showcased an array of cutting-edge mass mobility solutions at Prawaas 4.0, a three-day biennial event highlighting safe, smart and sustainable integrated mass mobility solutions, which opened today at the BIEC in Bengaluru. The company unveiled the all-new Tata Ultra EV 7M, a zero-emission, intra-city… Continue reading Tata Motors unveils Ultra EV 7M with 160km range at Prawaas 4.0 sustainable mobility expo
Here’s Why Investors Should Avoid Magna (MGA) Stock Right Now
Magna International Inc. MGA is facing challenges from lower-than-anticipated vehicle production in Europe, cancellation of programs, discontinued production of Fisker Ocean and hefty investment in technologically advanced products. Let’s find out why this Zacks Rank #4 (Sell) stock should be avoided. Magna has made a downward revision in its 2024 & 2026 sales and adjusted… Continue reading Here’s Why Investors Should Avoid Magna (MGA) Stock Right Now
EKA mobility partners with IKEA to provide electric delivery vans
The collaboration aims to reduce carbon emissions and set new industry standards. Initial fleet of 10 vans deployed, with plans for expansion across India, aligning with IKEA’s global sustainability goals, IKEA said. EKA Mobility, an electric vehicle manufacturer, has formed a partnership with IKEA to provide electric delivery vans for IKEA’s last-mile delivery fleet in India.… Continue reading EKA mobility partners with IKEA to provide electric delivery vans
Pininfarina closes 90 million Euro deal
Pininfarina announced that it has closed a commercial agreement with a large automotive OEM covering development and production services. The total contract value, including some preliminary concept activities already executed based on specific orders from 2023, amounts to over 90 million Euro, with duration until April 2026. Pininfarina debuted its Battista hypercar in India at the Hyderabad E-Motor Show in 2023. Globally… Continue reading Pininfarina closes 90 million Euro deal
Electric Vehicle Power Inverter Market to Expand by USD 9.1 Billio (2024-2028) Driven by BEV and PHEV Sales Growth, AI Impact on Trends- Technavio Report
NEW YORK, Aug. 23, 2024 /PRNewswire/ — The global electric vehicle (EV) power inverter market size is estimated to grow by USD 9.13 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 9.45% during the forecast period. Increasing sales of bevs and phevs is driving market growth, with a trend towards in-wheel… Continue reading Electric Vehicle Power Inverter Market to Expand by USD 9.1 Billio (2024-2028) Driven by BEV and PHEV Sales Growth, AI Impact on Trends- Technavio Report
Rhonda Walker Foundation’s 12th Year Holding its Annual Automotive Industry Golf Challenge Raises Over $700,000
DETROIT, Aug. 20, 2024 /PRNewswire/ — The Rhonda Walker Foundation (RWF) held its 12th Annual Automotive Industry Golf Challenge on August 12, 2024, raising more than $700,000 to support the organization’s vision where every young girl has the opportunity to thrive, succeed and become a catalyst for positive change. This year’s event was a memorable day… Continue reading Rhonda Walker Foundation’s 12th Year Holding its Annual Automotive Industry Golf Challenge Raises Over $700,000