Westport Announces Resignation of David Johnson, Chief Executive Officer, and Names Interim CEO

VANCOUVER, BC, Aug. 22, 2023 /PRNewswire/ — Westport Fuel Systems Inc. (TSX: WPRT) (Nasdaq: WPRT), a leading supplier of advanced alternative fuel systems and components for the global transportation industry, announced today that David Johnson, Chief Executive Officer has decided to step down as chief executive officer and will resign from the Board, effective immediately.… Continue reading Westport Announces Resignation of David Johnson, Chief Executive Officer, and Names Interim CEO

AMSC ASA – FUNDS MANAGED BY MARITIME PARTNERS, LLC AGREES TO ACQUIRE U.S. JONES ACT BUSINESS OF AMSC ASA

LYSAKER, Norway and NEW ORLEANS, Aug. 22, 2023 /PRNewswire/ — AMSC ASA (“AMSC“) and Maritime Partners, LLC today announced that AMSC and Project Merchant Acquisition LLC (the “PM Acquisition“), a newly-formed company owned and controlled by a fund managed by Maritime Partners, LLC, have signed a share purchase agreement (the “SPA“) for PM Acquisition’s purchase… Continue reading AMSC ASA – FUNDS MANAGED BY MARITIME PARTNERS, LLC AGREES TO ACQUIRE U.S. JONES ACT BUSINESS OF AMSC ASA

AMSC ASA – SALE OF THE U.S. JONES ACT ACTIVITIES TO A FUND MANAGED BY MARITIME PARTNERS, LLC

LYSAKER, Norway, Aug. 22, 2023 /PRNewswire/ — Reference is made to the joint announcement made by AMSC ASA (“AMSC“) and Maritime Partners, LLC. (“Maritime Partners“) today regarding the signing by AMSC and Project Merchant Acquisition LLC (the “PM Acquisition“), a newly-formed company owned and controlled by a fund managed by Maritime Partners, of a share purchase… Continue reading AMSC ASA – SALE OF THE U.S. JONES ACT ACTIVITIES TO A FUND MANAGED BY MARITIME PARTNERS, LLC

Terra Drone acquires a majority share of Unifly, the world’s leading provider of Unmanned Aircraft System Traffic Management (UTM) technology, with a strategic aim to enhance global drone and Urban Air Mobility (UAM) business through integrated strategies

TOKYO, Aug. 22, 2023 /PRNewswire/ — Terra Drone Corporation, a prominent player in the drone and UAM industry, has acquired majority shares in Unifly NV, the recognized UTM global leader. Terra Drone’s stake in Unifly has risen to 51%. Unifly’s stakeholders share a unified commitment to the company’s long-term vision. Terra Drone’s initial investment dates… Continue reading Terra Drone acquires a majority share of Unifly, the world’s leading provider of Unmanned Aircraft System Traffic Management (UTM) technology, with a strategic aim to enhance global drone and Urban Air Mobility (UAM) business through integrated strategies

Hyundai Mobis Unveils the Future of Electrification at IAA Mobility 2023

For the second consecutive year, Hyundai Mobis will grace IAA Mobility in Munich, highlighting pioneering solutions anchored in electrification Spotlight on the groundbreaking technologies powering Kia’s flagship electric vehicle, the EV9, and introduction of the transformative electrification platform, e-CCPM With a European order target of $1.29 billion, representing a quarter of the company’s global revenue… Continue reading Hyundai Mobis Unveils the Future of Electrification at IAA Mobility 2023

EMKOO, GS3 EMZOOM, Officially Released in Saudi Arabia

GUANGZHOU, China, Aug. 24, 2023 /PRNewswire/ — GAC MOTOR is firing on all cylinders in the Middle East, rapidly expanding their product matrix in the region with a double release of award-winning models in Saudi Arabia. On August 16 at the Crowne Plaza RDC Riyadh, an invitational launch party celebrated the Saudi Arabia release of… Continue reading EMKOO, GS3 EMZOOM, Officially Released in Saudi Arabia

US Joint All Domain Command and Control (JADC2) Market worth $8.6 billion by 2030 – Exclusive Report by MarketsandMarkets™

CHICAGO, Aug. 23, 2023 /PRNewswire/ — The US JADC2 Market is estimated to be USD 1.2 billion in 2023 and is projected to reach USD 8.6 billion by 2030, at a CAGR of 31.7 % during the forecast period according to a new report by MarketsandMarkets™. The Joint All Domain Command and Control (JADC2) market… Continue reading US Joint All Domain Command and Control (JADC2) Market worth $8.6 billion by 2030 – Exclusive Report by MarketsandMarkets™

The EU Will Import Over 1 Million EVs From China in 2030, Creating both Threat and Opportunity for European OEMs

LONDON, Aug. 23, 2023 /PRNewswire/ — China’s world-leading Electric Vehicle (EV) industry is pushing into Europe. According to a new report from global technology intelligence firm ABI Research, in 2030, 1.2 million Chinese-made Battery Electric Vehicles (BEVs) will be imported by the European Union (EU), making up 12% of the bloc’s BEV sales. Chinese brands… Continue reading The EU Will Import Over 1 Million EVs From China in 2030, Creating both Threat and Opportunity for European OEMs

WIN SOURCE and Supplyframe Forge Strategic Asia Partnership at 2023 Electronica China

WIN SOURCE scores historic rise to No. 18 in SourceToday’s Global Top 50 Electronics Distributors List SHANGHAI, Aug. 23, 2023 /PRNewswire/ — On the second day of 2023 Electronica China, WIN SOURCE reached a significant vendor achievement on the 2023 Global Top 50 Electronics Distributors list, earning the number 18 position on the list. Continue… Continue reading WIN SOURCE and Supplyframe Forge Strategic Asia Partnership at 2023 Electronica China

Hyundai Mobis Unveils the Future of Electrification at IAA Mobility 2023

For the second consecutive year, Hyundai Mobis will grace IAA Mobility in Munich, highlighting pioneering solutions anchored in electrification Spotlight on the groundbreaking technologies powering Kia’s flagship electric vehicle, the EV9, and introduction of the transformative electrification platform, e-CCPM With a European order target of $1.29 billion, representing a quarter of the company’s global revenue… Continue reading Hyundai Mobis Unveils the Future of Electrification at IAA Mobility 2023