XUZHOU, China, May 26, 2023 /PRNewswire/ — On May 16, 2023, XCMG (SHE: 000425), the world’s top three construction machinery manufacturers, inaugurated its 5th International Customer Festival with a captivating opening ceremony held at its production facility for excavating machines. The event includes visits to XCMG excavator machinery’s exhibition hall and intelligent production lines, interactive… Continue reading XCMG’s 5th International Customer Festival Showcases the Latest Excavator Product Lineup
Tag: Strategy
Applied Intuition, Inc. to Acquire Embark Technology, Inc. to Enhance Its Products for Autonomous Vehicle Development
MOUNTAIN VIEW, Calif., May 25, 2023 /PRNewswire/ — Applied Intuition, Inc., a tooling and software provider for autonomous vehicle development, and Embark Technology, Inc. (NASDAQ: EMBK), an autonomous trucking software company, today announced that the companies have entered into a definitive merger agreement. Under the agreement, Applied will acquire Embark in an all-cash transaction with an… Continue reading Applied Intuition, Inc. to Acquire Embark Technology, Inc. to Enhance Its Products for Autonomous Vehicle Development
Autopilot System Market Set to Surge with 6.14% CAGR by 2029: Urbanization, Infrastructure Investments, and Technological Advancements
The growing need for automation in the aviation sector is a primary driver of the global market for autopilot systems. PUNE, India, May 25, 2023 /PRNewswire/ — Exactitude Consultancy, the market research and consulting wing of Ameliorate Digital Consultancy Private Limited has completed and published the final copy of the detailed research report on the Autopilot… Continue reading Autopilot System Market Set to Surge with 6.14% CAGR by 2029: Urbanization, Infrastructure Investments, and Technological Advancements
Scania reshapes its bus and coach business
SÖDERTÄLJE, Sweden., May 30, 2023 /PRNewswire/ — To provide customers with competitive and sustainable mobility solutions and secure profitable growth in a changing market environment, Scania reshapes its bus and coach business. As a result of the new direction, which entails a more focused product portfolio and roadmap ahead, a decision is taken to cease body… Continue reading Scania reshapes its bus and coach business
Saudi retailer United Electronics considers consumer finance IPO
Saudi Arabia’s United Electronics Company, owner of retailer eXtra, said on Tuesday it was evaluating strategic options for its consumer finance business, including a possible initial public offering. The statement to the stock exchange came after Reuters on Monday reported the company had appointed HSBC to arrange a public share sale, citing two sources familiar… Continue reading Saudi retailer United Electronics considers consumer finance IPO
China’s PE firm Primavera closes fourth dollar fund at $4b
Chinese private equity firm Primavera Capital Group, an early investor in billionaire Jack Ma’s Ant Group, has closed its fourth U.S. dollar-denominated private equity fund at $4 billion, said two people with direct knowledge of the matter. The fundraising by Primavera, which invests primarily in China but has diversified into Southeast Asia and North America… Continue reading China’s PE firm Primavera closes fourth dollar fund at $4b
Tata Elxsi wins three e4M India Design Excellence Awards
Honoured with 1 Gold award for Best Design for Automotive and Transport and 2 Bronze for Best Design for Retail Space Designing and Best Design for Print & Published Media categories. BANGALORE, India, May 30, 2023 /PRNewswire/ — Tata Elxsi, a global design company that blends technology, creativity, and engineering, has been honoured with three… Continue reading Tata Elxsi wins three e4M India Design Excellence Awards
Trip.com: Global Travellers Looking for Intra-Regional Summer Getaways
SINGAPORE, May 30, 2023 /PRNewswire/ — With summer just around the corner, people from all corners of the globe are preparing for their upcoming travels, eager to make up for lost time. Trip.com data reveals that global travel bookings for the summer (June 1 – August 31) have already surpassed 2019 levels, with intra-regional travel leading… Continue reading Trip.com: Global Travellers Looking for Intra-Regional Summer Getaways
Trusted AI with OriginTrail: Join the fight against misinformation and participate in 1 million TRAC grants launched by Trace Labs
LONDON, May 29, 2023 /PRNewswire/ — OriginTrail’s trusted knowledge foundation was launched in 2018 to improve trust and transparency in global supply chains. Similarly, OriginTrail’s new knowledge-based AI framework now aims to instill trust in AI solutions. Trace Labs – OriginTrail core developers are announcing a 1.000.000 TRAC token grant program for contributors to help… Continue reading Trusted AI with OriginTrail: Join the fight against misinformation and participate in 1 million TRAC grants launched by Trace Labs
Wireless Electric Vehicle Charging Market Size Growing at 90.1% CAGR Set to Reach USD 500 Million By 2030, According to Facts & Factors
NEW YORK, May 29, 2023 /PRNewswire/ — As per Facts and Factors study, the global wireless electric vehicle charging market size was worth around USD 15 million in 2021 and is predicted to grow to around USD 500 million by 2030 with a compound annual growth rate (CAGR) of roughly 90.1% between 2022 and 2030.… Continue reading Wireless Electric Vehicle Charging Market Size Growing at 90.1% CAGR Set to Reach USD 500 Million By 2030, According to Facts & Factors