Magna is the exclusive mild hybrid transmission supplier for all front-transverse applications on BMW Group platform Contract extends across multiple models starting with the new BMW 2 Active Tourer Mild hybrid transmission technology significantly reduces CO2 emissions of an internal combustion engine AURORA, Ontario, May 02, 2022 (GLOBE NEWSWIRE) — Magna continues its accelerated transformation… Continue reading Magna Begins Production of First Mild Hybrid Transverse Transmission for BMW Group
Tag: Mobility
Innoviz Selected by One of the Largest Global Vehicle Groups to be its Direct LiDAR Supplier for Series Production Vehicles; Increases Forward-Looking Order Book by $4 Billion
“We are proud to deliver our outstanding InnovizTwo LiDAR and perception software as the direct supplier to support this new series production program,” said Innoviz CEO and Co-Founder Omer Keilaf. “Being selected by a large-scale multi-brand global vehicle maker is a significant catalyst for Innoviz and we expect this will affect the entire industry which… Continue reading Innoviz Selected by One of the Largest Global Vehicle Groups to be its Direct LiDAR Supplier for Series Production Vehicles; Increases Forward-Looking Order Book by $4 Billion
@Hyundai: Kia announces April 2022 global sales results
April global sales at 238,538 units, down 5.8% y/y Sales outside of Korea recorded 188,443 units, down 6.8% y/y Sales in Korea recorded 50,095 units, down 2.0% y/y Kia to continue creating sales momentum and enhancing profitability through new models, such as the Kia EV6 Kia Corporation recorded total global sales of 238,538 units in… Continue reading @Hyundai: Kia announces April 2022 global sales results
@Nio: NIO Inc. Provides April 2022 Delivery Update000384
May 1, 2022 NIO Inc. Provides April 2022 Delivery Update NIO delivered 5,074 vehicles in April 2022 NIO delivered 30,842 vehicles year-to-date in 2022, increasing by 13.5% year-over-year Cumulative deliveries of vehicles as of April 30, 2022 reached 197,912 SHANGHAI, China, May 01, 2022 (GLOBE NEWSWIRE) — NIO Inc. (“NIO” or the “Company”) (NYSE: NIO;… Continue reading @Nio: NIO Inc. Provides April 2022 Delivery Update000384
200 bps rate hike by Q3, inflation, weak capex negatives to growth: Nomura
The Nomura India Normalization Index (NINI) shows a broad-based improvement in activity in March. Nomura on Friday said that India is at the cusp of a policy normalisation cycle and a 200 basis points or bps hike in cumulative repo rate is expected by the third quarter of 2023, starting with a 25 bps hike… Continue reading 200 bps rate hike by Q3, inflation, weak capex negatives to growth: Nomura
ABB, Shell deal to set up EV charging ecosystem globally
Shell is targeting the operation of over 500,000 charge points globally by 2025 and 2,500,000 by 2030 at residential, commercial and Shell retail sites. New Delhi: ABB E-mobility, and Shell have announced their collaboration to bring flexible and quality charging solutions to millions of electric vehicle drivers the world over. ABB has signed a new… Continue reading ABB, Shell deal to set up EV charging ecosystem globally
@BMW: BMW iFactory. LEAN. GREEN. DIGITAL. – Master plan for the production of the future.001928
Munich. It’s the master plan for the automotive production of tomorrow: The BMW iFACTORY production strategy defines the future orientation of plants and production technologies at the BMW Group and meets the challenges of the transformation to e-mobility. “Automotive manufacturing of the future requires a new, holistic way of thinking. With our BMW iFACTORY, we… Continue reading @BMW: BMW iFactory. LEAN. GREEN. DIGITAL. – Master plan for the production of the future.001928
Detroit’s I 95 is set to become a corridor for autonomous driving
The city of Detroit in Michigan is to receive a corridor for autonomous driving: Interstate 95. Detroit is the former car capital and still has today General Motors its headquarters there. In the city there are also some start-ups like May Mobility on the way and ford initiated a research campus here. Michigan plans with… Continue reading Detroit’s I 95 is set to become a corridor for autonomous driving
@Nio: NIO Inc. Files Its Annual Report on Form 20-F000381
Apr 29, 2022 NIO Inc. Files Its Annual Report on Form 20-F SHANGHAI, April 29, 2022 (GLOBE NEWSWIRE) — NIO Inc. (NYSE: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the premium smart electric vehicle market, today announced that it filed its annual report on Form 20-F for the fiscal year… Continue reading @Nio: NIO Inc. Files Its Annual Report on Form 20-F000381
@Tata-JLR: Mass transit group Swvl confirms estimated $100M acquisition of UK startup Zeelo
Mass transit group Swvl has confirmed to TechCrunch its deal to buy U.K. startup Zeelo, estimated to be a $100 million acquisition, according to sources. The Egyptian-born startup that provides shared transportation services for intercity and intracity trips, recently expanded into Turkey with its acquisition of Volt Lines. Earlier this year it went public (NASDAQ:… Continue reading @Tata-JLR: Mass transit group Swvl confirms estimated $100M acquisition of UK startup Zeelo