In 2020, Valmet Automotive’s profitability in the continued businesses was maintained close to previous year’s level despite the corona pandemic related production losses during the second and third quarter. Business build of and investments to EV Systems business line continued according to plans and cash flow after investments remained positive. Net sales of EUR 494.0… Continue reading Valmet Automotive’s Annual Review 2020: Good performance and solid strategy execution despite extraordinary circumstances
Tag: Contract Manufacturer
@niche: Hino Motors, Ree Automotive Partner To Bring New Technologies To Commercial Vehicles000826
This is the FlatFormer platform that Hino Motors unveiled at the 2019 Tokyo Motor Show. This was … [+] jointly developed with REE Automotive. Hino and REE are forming an alliance to advance electrified and autonomous technology in commercial vehicles. REE Automotive Image Hino Motors, the Toyota subsidiary that makes commercial vehicles and diesel engines,… Continue reading @niche: Hino Motors, Ree Automotive Partner To Bring New Technologies To Commercial Vehicles000826
@niche: Magna to Build Modular EV With Israeli Startup REE000814
The post Magna to Build Modular EV With Israeli Startup REE appeared first on REE. Go to Source
Magna Commits to Carbon Neutrality in Global Operations by 2030
Targeting carbon neutrality in European operations by 2025, globally by 2030 Science-based approach aligns with objectives of Paris Climate Accord Company signs-on as founding sponsor of XPrize Abundant Energy Alliance AURORA, Ontario, April 22, 2021 (GLOBE NEWSWIRE) — Magna enters a new era in the company’s sustainability journey with its announcement to achieve carbon neutrality… Continue reading Magna Commits to Carbon Neutrality in Global Operations by 2030
Magna Reaches eDrive Gearbox Production Milestone and Wins Additional Business in China
100,000 eDrive gearboxes produced for Chinese electric vehicle manufacturers New eDrive gearbox business won, further supporting Chinese startups Technology helps power pure electric vehicles, from sedans to SUVs SHANGHAI, China, April 19, 2021 (GLOBE NEWSWIRE) — On the heels of reaching a production milestone for its eDrive gearboxes, Magna has won additional business to further… Continue reading Magna Reaches eDrive Gearbox Production Milestone and Wins Additional Business in China
Apple electric car MoU “very near”: Report
Autocar’s render of Apple’s maiden EV. (Copyright Autocar UK) Apple is set to sign a memorandum of understanding for the production of electric vehicles with a joint-venture company recently created by electronics and battery specialist LG Electronics and automotive contract manufacturer Magna, according to reports from South Korea. Citing an LG Group source with apparent… Continue reading Apple electric car MoU “very near”: Report
Magna to Hold Virtual Investor Event
AURORA, Ontario, April 12, 2021 (GLOBE NEWSWIRE) — Magna International Inc. (TSX: MG, NYSE: MGA), a mobility technology company and global leader in the automotive industry, will hold a virtual investor event on April 13, 2021. Magna’s Chief Executive Officer Swamy Kotagiri and Chief Financial Officer Vince Galifi will present on the company’s unique position… Continue reading Magna to Hold Virtual Investor Event
Sony puts its tech to the test with step into self-drive EVs
TOKYO — Hot on the heels of Apple’s drive into the realm of electric vehicles, Sony is trying to shift from electronics and services into auto manufacturing. The Japanese company has already started public road tests of its Vision-S EV as it attempts to leverage its smartphone and software prowess into making vehicles. A closer… Continue reading Sony puts its tech to the test with step into self-drive EVs
Magna’s Camera-Based Technology Helps Take the “Distracted” Out of Driving
Driver monitoring technology combines camera and interior mirror Fully integrated, intelligent system detects, predicts and alerts distracted driver Distracted driving related incidents are on the rise, emphasizes need for tech-based solutions AURORA, Ontario, April 06, 2021 (GLOBE NEWSWIRE) — As distracted driving remains one of the leading causes of vehicle accidents around the world, Magna… Continue reading Magna’s Camera-Based Technology Helps Take the “Distracted” Out of Driving
Innoviz Technologies and Collective Growth Corporation Announce Closing of Business Combination
The successful completion of the business combination will allow Innoviz Technologies to meet the booming demand of the auto industry, which has been waiting for the LiDAR technology to mature. Innoviz is engaged in multiple automotive programs with multiple partners across the globe, and is growing. Innoviz is pleased to announce today, after years of… Continue reading Innoviz Technologies and Collective Growth Corporation Announce Closing of Business Combination