Sterling and Wilson forms JV with Enel X to foray into electric mobility segment in India

New Delhi: Sterling and Wilson Pvt Ltd (SWPL), a Shapoorji Pallonji Group company on Friday announced its entry into the electric mobility segment in India. SWPL has signed a 50-50 joint venture (JV) with Enel X, a subsidiary of Enel Group to launch and create electric charging infrastructure in the Indian sub-continent, the companies said… Continue reading Sterling and Wilson forms JV with Enel X to foray into electric mobility segment in India

Start of Production in Debrecen, Hungary: Vitesco Technologies Further Expands Global Presence

Innovative overmolding technology makes lighter and more robust transmission control units LEED certificate: Highest standards in terms of sustainability Andreas Wolf, CEO: “We are systematically aligning our company to the growth market of electronics and electrification”   Debrecen (Hungary). February 26, 2021. After just two years of construction, the newest Vitesco Technologies plant in Debrecen,… Continue reading Start of Production in Debrecen, Hungary: Vitesco Technologies Further Expands Global Presence

@Li Auto: Li Auto Inc. Announces Unaudited Fourth Quarter and Full Year 2020 Financial Results

Quarterly total revenues reached RMB4.15 billion (US$635.5 million)1Quarterly deliveries were 14,464 vehiclesQuarterly gross margin reached 17.5%Full year total revenues reached RMB9.46 billion (US$1.45 billion)Full year deliveries were 32,624 vehiclesFull year gross margin reached 16.4%BEIJING, China, Feb. 25, 2021 (GLOBE NEWSWIRE) — Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI), an innovator in China’s… Continue reading @Li Auto: Li Auto Inc. Announces Unaudited Fourth Quarter and Full Year 2020 Financial Results

@Nissan: 2021/02/26 Nissan’s 100% electric motor-driven e-POWER technology reaches global milestone …000241

2021/02/26 YOKOHAMA, Japan – Nissan today announced a breakthrough in engine efficiency, reaching 50% thermal efficiency with its in-development, next generation e-POWER system. Nissan’s e-POWER system utilizes an on-board gasoline engine to provide electrical energy to the e-powertrain battery pack. Nissan’s latest approach to engine development has raised the bar to world-leading levels, accelerating past… Continue reading @Nissan: 2021/02/26 Nissan’s 100% electric motor-driven e-POWER technology reaches global milestone …000241

Kia shares rise after report says still scope for Apple partnership

By Reuters Staff 1 Min Read Slideshow ( 2 images ) SEOUL (Reuters) – Shares in automaker Kia Corp rose more than 4% on Friday after a South Korean online news site reported on the remaining potential for a partnership with Apple Inc. Apple and Kia signed a memorandum of understanding (MOU) last year and… Continue reading Kia shares rise after report says still scope for Apple partnership

@Toyota: Toyota Tsusho Strengthens Collaboration with TOYOTA Connected toward Expansion of Connected Service Business in Middle East Region- Increasing investment in TOYOTA Connected Middle East FZCO, a company which undertakes business in connected services –

Toyota Tsusho Corporation (“Toyota Tsusho”) announced today that it has invested in TOYOTA Connected Middle East FZCO (“TCME”)–a company which undertakes business in connected services for mobility in the Middle East region–through receipt of allocated third party shares. Toyota Tsusho has acquired 51% of TCME’s shares with an additional investment of approximately 250 million JPY.… Continue reading @Toyota: Toyota Tsusho Strengthens Collaboration with TOYOTA Connected toward Expansion of Connected Service Business in Middle East Region- Increasing investment in TOYOTA Connected Middle East FZCO, a company which undertakes business in connected services –

@Toyota: Toyota Mobility Foundation Designates First Mobility Pilot Technologies and Collaborators for Indiana Future Mobility District Initiative

May Mobility and Udelv selected to provide autonomous shuttle and advanced contactless delivery vehicle services respectively within the Indiana Future Mobility District initiative INDIANAPOLIS, Ind. (Feb. 25, 2021) — Today, the Toyota Mobility Foundation (TMF) and Energy Systems Network (ESN) designates May Mobility and Udelv as the first two deployments of the Future Mobility District… Continue reading @Toyota: Toyota Mobility Foundation Designates First Mobility Pilot Technologies and Collaborators for Indiana Future Mobility District Initiative

Omega Seiki invests INR 100 crores for manufacturing facility in Bangladesh

The vehicles will be powered by Li-Ion batteries and with powertrains to be built in Bangladesh, with technology transfers from India. New Delhi: Electric vehicle manufacturer Omega Seiki Pvt Ltd has invested INR 100 crore to set up a manufacturing facility near Dhaka in Bangladesh. The new company will be registered as OSM-Bangladesh, Omega Seiki… Continue reading Omega Seiki invests INR 100 crores for manufacturing facility in Bangladesh

@Groupe PSA: PR 25 FEBRUARY 2021, THE PEUGEOT LION ROARS LOUDER001267

The world’s oldest surviving Automotive Brand is reaffirming its personality and character with a new logo. It is turning over a new page in its history.  On 25 February 2021, PEUGEOT unveiled its new logo: a coat of arms adorned with a magnificent lion’s head.Since 1850, PEUGEOT has had ten successive logos, all of which… Continue reading @Groupe PSA: PR 25 FEBRUARY 2021, THE PEUGEOT LION ROARS LOUDER001267

Magna to Deliver 3D Surround View With Next-Gen Cameras and Electronic Control Units

New business with multiple global automakers starts in 2022Technology allows drivers to see surroundings all around the vehicleEnables safer, more convenient driving and parkingAURORA, Ontario, Feb. 25, 2021 (GLOBE NEWSWIRE) — Global automakers will soon be able to offer 3D surround-view systems in more vehicles, thanks to Magna’s new surround view cameras and electronic control… Continue reading Magna to Deliver 3D Surround View With Next-Gen Cameras and Electronic Control Units