Australian VC firm Square Peg has led local banking software and operational platform developer Constantinople’s $21.2-million seed funding round, per an announcement. Tech and software focused investor AirTree Ventures and Great Southern Bank also participated in the funding round, according to the release. “We’re thrilled to be part of Constantinople’s $22-million seed funding round, alongside… Continue reading Australian VC Square Peg leads SaaS startup Constantinople’s $21m seed round
Tag: Manufacturing
China’s BYD sets up new division for autonomous vehicles, announces hiring spree
BYD Co Ltd, may be China’s biggest electric vehicle maker by a country mile but it knows it lags rivals in autonomous driving, and has set up a new division and embarked on a huge hiring spree to rectify that shortcoming. Between 4,000 and 5,000 software engineers have been hired recently, BYD senior vice president… Continue reading China’s BYD sets up new division for autonomous vehicles, announces hiring spree
German Manager Magazin: Interview with Elon Musk: Tesla wants to fight weak demand with advertising for the first time002498
The electric car manufacturer Tesla has traditionally dispensed with advertisements, but the CEO wants this line Elon Musk (51) break now. “We’re going to try some advertising and see how it goes,” Musk said at Tesla’s shareholder meeting in Austin, Texas on Tuesday. Given the high demand, Tesla did not need paid ads for a… Continue reading German Manager Magazin: Interview with Elon Musk: Tesla wants to fight weak demand with advertising for the first time002498
Harnessing the E-commerce Boom: SSI Schaefer at Seamless Middle East 2023
Expertise shared on-site paves the way to optimize warehouses for growth SINGAPORE, May 16, 2023 /PRNewswire/ — SSI Schaefer, a leading provider of turnkey solutions for intralogistics, is offering exclusive, complementary one-on-one sessions with its experts at Seamless Middle East 2023, aimed at helping retailers and distributors navigate the rapidly evolving e-commerce landscape in the… Continue reading Harnessing the E-commerce Boom: SSI Schaefer at Seamless Middle East 2023
GLOBAL SUPPLY CHAINS NOW HAVE SPARE CAPACITY FOR THE FIRST TIME SINCE JUNE 2020 AS 10 MONTHS OF SUBDUED DEMAND, INVENTORY DE-STOCKING AND HIGH INTEREST RATES BITE: GEP GLOBAL SUPPLY CHAIN VOLATILITY INDEX
Although global demand remains subdued, there has been an uptick since December’s trough, while the trend actually improved slightly in North America in April, indicating some economic resilience Excess supply chain capacity was also driven by global organizations’ drawdown of their safety stocks, which have fallen below their historic average for the first time in… Continue reading GLOBAL SUPPLY CHAINS NOW HAVE SPARE CAPACITY FOR THE FIRST TIME SINCE JUNE 2020 AS 10 MONTHS OF SUBDUED DEMAND, INVENTORY DE-STOCKING AND HIGH INTEREST RATES BITE: GEP GLOBAL SUPPLY CHAIN VOLATILITY INDEX
China Matters’ Feature: What Makes Ningbo-CEEC Connection Vibrant?
BEIJING, China, May 15, 2023 /PRNewswire/ — Ningbo is a vibrant city located on China’s east coast, boasting the third largest container port in the world. The finance-friendly environment and favourable policies facilitate Ningbo’s role as a hub for international commerce. Specifically, Ningbo has become one of Central and Eastern Europe’s largest business partners. 2022… Continue reading China Matters’ Feature: What Makes Ningbo-CEEC Connection Vibrant?
Samsung Electro-Mechanics develops the world’s highest capacity MLCC for electric vehicles
SEOUL, South Korea, May 17, 2023 /PRNewswire/ — Samsung Electro-Mechanics announced on the 16th that it has succeeded in realizing the industry’s highest capacity in terms of high-pressure MLCC applicable to electric vehicles and has started market targeting by expanding its line-up for high-end level automotive electronic components. Continue Reading Samsung Electro-Mechanics develops the world’s… Continue reading Samsung Electro-Mechanics develops the world’s highest capacity MLCC for electric vehicles
TRIUMPH REPORTS FOUTH QUARTER FISCAL 2023 RESULTS
PROVIDES FISCAL YEAR 2024 GUIDANCE RADNOR, Pa., May 17, 2023 /PRNewswire/ — Triumph Group, Inc. (NYSE: TGI) (“TRIUMPH” or the “Company”) today reported financial results for its fourth quarter and fiscal 2023, which ended March 31, 2023. Fourth Quarter Fiscal 2023 Net sales of $393.3 million Operating income of $56.2 million with operating margin of… Continue reading TRIUMPH REPORTS FOUTH QUARTER FISCAL 2023 RESULTS
@Daimler: With VAN.EA – a modular and scalable purpose-built EV architecture
Starting 2026, all newly developed midsize and large vans of Mercedes‑Benz will be built on VAN.EA Three modules allow for a clear differentiation between private luxury vans and premium commercial vans as well as for maximum synergies Lead in Electric: Mercedes‑Benz Vans targets an EV share of up to 20% by 2026 and more than 50%… Continue reading @Daimler: With VAN.EA – a modular and scalable purpose-built EV architecture
@Daimler: Strategy Update: Mercedes Benz Vans to further strengthen its position as the leading manufacturer
The business unit leverages its strong competitive advantage thanks to its diversified portfolio and resilient business model and premium strategy Focusing on the Top-End segments and the most profitable use cases of the different light commercial vehicle industries The roll-out of the new purpose-built Vans Electric Architecture (VAN.EA) will secureMercedes-Benz Vans’ lead in electric drive… Continue reading @Daimler: Strategy Update: Mercedes Benz Vans to further strengthen its position as the leading manufacturer