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: Electric vehicles
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…
Valmet Automotive to manufacture contract for Mercedes-AMG GT 4-Door Coupé
Valmet Automotive has signed a contract with Mercedes-Benz Group AG to manufacture the Mercedes-AMG GT sports car. The plant will be manufacturing the 4-door version of the AMG GT both as ICE and hybrid versions. The start of production is scheduled for the second half of 2023 at the Uusikaupunki car plant. Valmet Automotive has already… Continue reading Valmet Automotive to manufacture contract for Mercedes-AMG GT 4-Door Coupé
Electric Vehicle Market worth 39,208 thousand units by 2030 – Exclusive Report by MarketsandMarkets™
CHICAGO, July 26, 2022 /PRNewswire/ — The global Electric Vehicle Market size is projected to grow from 8,151 thousand units in 2022 to 39,208 thousand units by 2030, at a CAGR of 21.7%, according to a new report by MarketsandMarkets™. Factors such as growing demand zero emissions commuting and governments supporting low emission vehicles through subsidies &… Continue reading Electric Vehicle Market worth 39,208 thousand units by 2030 – Exclusive Report by MarketsandMarkets™
EnergyHub Launches Electric Vehicle Grid Management Solution for Utilities
NEW YORK, July 26, 2022 /PRNewswire/ — Today, EnergyHub announced EnergyHub EV, an offering for utilities that delivers electric vehicle demand flexibility coupled with a powerful EV data management system. EnergyHub EV is built on the core of EnergyHub’s Mercury DERMS platform, the most widely deployed grid-edge DERMS. EnergyHub works with over 60 leading utilities… Continue reading EnergyHub Launches Electric Vehicle Grid Management Solution for Utilities
FoxFury Announces a New Less-Lethal Tactical Electronic Distraction Device for School Safety
OCEANSIDE, Calif., July 26, 2022 /PRNewswire/ — FoxFury Lighting Solutions announces the launch of the Tactical Electronic Distraction Device (T.E.D.D.). The less-lethal T.E.D.D. is a programmable light and sound device that can be used to distract and disorient assailants, giving security personal and teachers the time necessary to safely get students out of a building.… Continue reading FoxFury Announces a New Less-Lethal Tactical Electronic Distraction Device for School Safety
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