An XPeng Inc. G9 electric vehicle at the Shanghai Auto Show in Shanghai, China, on Monday, April 24, 2023. Qilai Shen | Bloomberg | Getty Images Xpeng shares fell around 5% on Wednesday after the company announced its head of autonomous driving will leave the company at what is seen as a critical juncture for… Continue reading Shares of Chinese Tesla rival Xpeng fall 5% after head of autonomous driving resigns
Tag: Strategy
Airalo, World’s Largest eSIM Marketplace, Raises $60 Million in Series B Financing
LEWES, Del., Aug. 1, 2023 /PRNewswire/ — Airalo, the pioneering eSIM marketplace revolutionizing global connectivity, announced today the successful completion of its Series B financing round, raising an impressive $60 million. Led by e& capital, the investment arm of e&, the global technology group, this brings Airalo’s total funding to $67.3 million. Antler Elevate, Liberty… Continue reading Airalo, World’s Largest eSIM Marketplace, Raises $60 Million in Series B Financing
A Game Changer in the $700 Billion Electric Vehicle Market
FN Media Group Presents Oilprice.com Market Commentary LONDON, Aug. 1, 2023 /PRNewswire/ — China is the ‘800-pound gorilla’ of global EV supplies, and it dominates this market in every way, including sales. Last year, China’s exports of EVs increased 131.8% YoY to some 680,000 units, based on official data. In the first half of 2023, the Chinese… Continue reading A Game Changer in the $700 Billion Electric Vehicle Market
CNG, RNG, and Hydrogen Tanks Market worth $5.6 billion by 2030 – Exclusive Report by MarketsandMarkets™
CHICAGO, Aug. 1, 2023 /PRNewswire/ –The report “CNG, RNG, and Hydrogen Tanks Market by Gas Type (CNG, RNG, Hydrogen), Material Type (Metal, Carbon Fiber, Glass Fiber), Tank Type (Type 1, Type 2, Type 3, Type 4), Application (Fuel, Transportation), and Region – Global Forecasts to 2030″, is estimated at USD 2.5 billion in 2022 and is… Continue reading CNG, RNG, and Hydrogen Tanks Market worth $5.6 billion by 2030 – Exclusive Report by MarketsandMarkets™
Global Small Caliber Ammunition Industry Report 2023: Winchester Ammunition’s Contract with the US Army for 6.8mm NGSW Cartridges Signify Strong Demand in Defense
DUBLIN, Aug. 2, 2023 /PRNewswire/ — The “Small Caliber Ammunition Market – A Global and Regional Analysis: Focus on Application, Ammunition Type, Caliber, Bullet Type, Gun Type, and Region – Analysis and Forecast, 2023-2033” report has been added to ResearchAndMarkets.com’s offering. The small caliber ammunition market is projected to reach a value of $15.67 billion in… Continue reading Global Small Caliber Ammunition Industry Report 2023: Winchester Ammunition’s Contract with the US Army for 6.8mm NGSW Cartridges Signify Strong Demand in Defense
U.S. and Mongolia strengthen strategic partnership as direct flights planned for 2024
Prime Minister of Mongolia met and held a press conference with Vice-President Harris today as part of his first official visit to the United States Direct flights between the two countries planned to commence in 2024 Mongolia and the U.S. signing agreements this week to strengthen their bilateral relationship ULAANBAATAR, Mongolia, Aug. 2, 2023 /PRNewswire/… Continue reading U.S. and Mongolia strengthen strategic partnership as direct flights planned for 2024
Stoneridge Reports Second Quarter 2023 Results
NOVI, Mich., Aug. 2, 2023 /PRNewswire/ — ADVANCING STRATEGIC PRIORITIES WHILE DELIVERING 10%+ QUARTER TO QUARTER SALES GROWTH AND 400+ BASIS POINT GROSS MARGIN EXPANSION GUIDING TO THE HIGH END OF PREVIOUSLY PROVIDED ADJUSTED SALES, ADJUSTED GROSS MARGIN AND ADJUSTED OPERATING MARGIN RANGES 2023 Second Quarter Results Sales of $266.8 million Adjusted sales of $262.4… Continue reading Stoneridge Reports Second Quarter 2023 Results
SUMMIT HOTEL PROPERTIES REPORTS SECOND QUARTER 2023 RESULTS
Pro Forma RevPAR Reaches New Post-Pandemic High The Nordic Lodge Steamboat Springs Acquired Through GIC Joint Venture AUSTIN, Texas, Aug. 2, 2023 /PRNewswire/ — Summit Hotel Properties, Inc. (NYSE: INN) (the “Company”), today announced results for the three and six months ended June 30, 2023. “Key operating fundamentals continued to improve during the second quarter… Continue reading SUMMIT HOTEL PROPERTIES REPORTS SECOND QUARTER 2023 RESULTS
German Manager Magazin: Hugo Boss: Fashion group raises annual targets again despite economic downturn002642
The investments in the modernization of the collections and lavish campaigns pay off hugo boss despite the economic downturn. CFO Yves Müller increased the annual forecast for the second time this year on Wednesday. Hugo Boss now expects sales to increase by 12 to 15 percent to a record value of 4.1 to 4.2 billion… Continue reading German Manager Magazin: Hugo Boss: Fashion group raises annual targets again despite economic downturn002642
Group 1 Automotive Board Approves Increase to Share Repurchase Authorization & Declares Quarterly Dividend
HOUSTON, Aug. 2, 2023 /PRNewswire/ — Group 1 Automotive, Inc. (NYSE: GPI) (“Group 1” or the “Company”), an international, Fortune 300 automotive retailer with 202 dealerships located in the U.S. and U.K., today announced its board of directors increased the Company’s common stock repurchase authorization by $153.7 million to $250.0 million, and also declared a quarterly… Continue reading Group 1 Automotive Board Approves Increase to Share Repurchase Authorization & Declares Quarterly Dividend