New sensors integrate with IPS Single-Space Smart Parking Meters to generate turnover, increase revenue, enable complex rate structures, and maximize enforcement efficiencies. SAN DIEGO, July 26, 2022 /PRNewswire/ — IPS Group (“IPS”), a Smart Parking innovation leader, has launched the Stereoscopic Vehicle Detection Sensor as part of the Fully Integrated Smart Parking Ecosystem. The sensors integrate with… Continue reading IPS Group Introduces High-Precision Stereoscopic Vehicle Detection Sensors
Tag: Mobility
KPIT bags $ 155 million worth of orders in Q1FY23
Pune-based KPIT says it bagged close to $155 million worth of orders during Q1FY23, a significant part of which came from architecture and middleware domain parts, electric powertrains, vehicle engineering and design work. Kishor Patil, co-founder, CEO and MD, KPIT said the new engagement is pretty well balanced across the segment it operates in and will… Continue reading KPIT bags $ 155 million worth of orders in Q1FY23
Mercedes-Benz R&D India wins recognition as innovation factory
Mercedes-Benz Research and Development India (MBRDI) has been announced as a ‘Great Place to Innovate’ at the 13th edition of Zinnov Awards 2022. These annual awards recognise, honour, and celebrate the tech titans of the industry, focused on driving value creation from India across five key areas: organisation charter, culture, internal programs and processes, external linkages, and innovation metrics.… Continue reading Mercedes-Benz R&D India wins recognition as innovation factory
NIO to Hold Annual General Meeting and Class Meetings on August 25, 2022
SHANGHAI, China, July 26, 2022 (GLOBE NEWSWIRE) — NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the premium smart electric vehicle market, today published a notice to announce that it will hold an annual general meeting (the “AGM”) of shareholders (the “Notice of AGM”)… Continue reading NIO to Hold Annual General Meeting and Class Meetings on August 25, 2022
China battery maker Gotion raises $685m in Swiss listingGotion makes lithium-ion power batteries used in EVs and counts Volkswagen as a strategic part…
Chinese battery maker Gotion High Tech Co raised $685 million in a public share sale on the SIX Swiss Exchange, joining other Chinese firms rushing to tap an expanded stock connect program. GEM Co Ltd, a battery and material recycler, also completed a share sale in Switzerland, raising $346 million. Gotion sold 22.83 million global depository receipts (GDRs),… Continue reading China battery maker Gotion raises $685m in Swiss listingGotion makes lithium-ion power batteries used in EVs and counts Volkswagen as a strategic part…
Kodiak Robotics Names 10 Roads Express as a Partner; Expands Autonomous Freight Service to Florida
To launch this partnership, Kodiak completed a round trip consisting of four commercial deliveries, including a coast-to-coast commercial run. A Kodiak autonomous truck carried 10 Roads Express freight nearly 5,600 miles from San Antonio, Texas; to the San Francisco Bay Area; to Jacksonville, Florida; and back to San Antonio. The route was completed in just… Continue reading Kodiak Robotics Names 10 Roads Express as a Partner; Expands Autonomous Freight Service to Florida
Electric powertrain growth power KPIT’s Q1 profit
KPIT, a leading partner for developing software-defined vehicles, reported its net profit growing by 41.79 percent to Rs 85.43 crore during Q1FY23 as against Rs 60.25 crore during the corresponding period of Q1FY22 and 6 percent on sequential basis to Rs 80.5 during Q4FY22 led by growth in electric powertrain, architecture and middleware domains. According to Kishor Patil,… Continue reading Electric powertrain growth power KPIT’s Q1 profit
EV share in auto parts to be 9-11% by FY2027: CRISIL
The automotive component manufacturing industry will be the beneficiary of growing demand for electric vehicles in India. Recent FADA retail sales data reveals that cumulative EV sales across four segments – cars, two- and three-wheelers and commercial vehicles – soared by an estimated 686% to 211,398 units in the April-June 2022 period (Q1 FY2022: 26,833… Continue reading EV share in auto parts to be 9-11% by FY2027: CRISIL
Volvo India launches 414km-range XC40 Recharge at Rs 55.90 lakh
Volvo Car India today launched its pure electric XC40 Recharge SUV, which will be the first locally assembled luxury electric vehicle in India. Priced at Rs 55.90 lakh (ex-showroom), it is Rs 11.40 lakh more expensive than its petrol-engined sibling. The Volvo XC40 Recharge gets a 78kWh battery capable of 150kW DC fast charging that… Continue reading Volvo India launches 414km-range XC40 Recharge at Rs 55.90 lakh
Eaton is bullish on e-mobility
Eaton, the New York Stock Exchange listed intelligent power management company expects its e-mobility business to become the new DNA going forward while co-existing with its current vehicle business. Shailendra Shukla, Managing Director, Vehicle Group, Eaton India told Autocar Professional that e-mobility is being treated with separate focus at product and other levels by virtue of the apparent shift in demand towards it. “We… Continue reading Eaton is bullish on e-mobility