Cenntro Electric Group Limited (NASDAQ: CENN), a leading EV technology company with advanced, market-validated electric commercial vehicles, today announced the establishment of a separate operating division and wholly owned U.S. subsidiary, Cennatic Power Inc. (“Cennatic”) to manufacture advanced lithium-ion batteries to be used for its electric commercial vehicles. The Company has signed a lease for a 10,436 square meter (111,363 square foot) purpose-built manufacturin

S&S Truck Parts LLC (“S&S”) and Midwest Truck & Auto Parts Inc. (“Midwest”) announced today that they have completed a merger of the two companies, creating a powerful alliance between the two best-in-class independent Truck Parts Distributors. The combination nearly doubles their collective business and forms a more diversified and scaled platform in the truck aftermarket space with the ability to source and offer a wider selection of high-quality products

Free Flow, Inc. with subsidiaries in the automotive, scrap metals, and investment sectors, today announced a new 12-month scrap metal purchasing agreement with Fuji Mountain Electrical Devices (Fuji) with a target of approximately 50,000 lbs. of scrap metal per week, resulting in projected annual revenues of over $1,000,000 from this agreement alone. Fuji has already received two loads of scrap metal to run sample tests before the purchase contract was executed. The agreement can be

BorgWarner's AKASOL ultra-high energy battery system has been selected by a European manufacturer to power its first range of heavy-duty electric trucks. Series production of the 4x2 rigid axle, 18-ton truck and 6x2 rigid, 26-ton truck is scheduled to begin in the first quarter of 2024. "We've previously worked with this manufacturer on high-voltage prototype vehicles using an earlier version of our battery system and are proud to continue our partnership together,"

Visteon Corporation (Nasdaq: VC), a global technology company serving the mobility industry, has developed an integrated system that dynamically improves the vehicle display contrast ratio. The company’s solution uses proprietary advanced algorithms to control the full array local dimming display. A matrixed array of LEDs behind the image plane are individually controlled to deliver luminance where needed, optimize pure-black content, and drastically reduce power requirements.

EAVX, a subsidiary of JB Poindexter & Co , and REE Automotive , an automotive technology leader and provider of electric vehicle platforms, today announced the companies’ new fully electric walk-in step van prototype will begin customer evaluation this summer. The class 5 vehicle debuts the EAVX body design powered by REE’s modular P7 platform, making it the first fully drive-by-wire walk-in van on the market. Evaluations of the new electric walk-in step van will tak

Oil-Dri Corporation of America  today announced that it will implement price increases on its industrial and automotive absorbents, effective October 1, 2022.  These price increases will range from 15% to 20%, depending on the product. Oil-Dri must implement these pricing actions in order to offset significant inflation on diesel, mining, maintenance and repairs, natural gas, packaging, and other non-fuel manufacturing costs, including labor. Additionally, capital improvem

Materion Corporation , a world leader in high-performing advanced materials, announced today that it has established a new facility in Milwaukee, Wisconsin to accelerate the growth of advanced chemical solutions for the semiconductor and electric vehicle (EV) battery markets. The new 150,000 square foot facility expands the company’s capacity to produce Atomic Layer Deposition (ALD) materials for the most sophisticated semiconductor chips and provide advanced chemicals for the

Walser Automotive Group’s first-ever class of scholarship winners are thinking big when it comes to their future. Potential careers in law, hospitality, cyber security, occupational therapy, and entrepreneurship are on the horizon for the five winners of Walser’s Driven To Succeed Scholarship Program. The program, which launched in May 2022, is funded by the Walser Foundation, and supports children and dependents of Walser employees with tuition assistance in the amount

NextFlex®, America’s Flexible Hybrid Electronics (FHE) Manufacturing Institute, today announced the formation of a new Institute Node in Missouri aimed to increase the volume, pace and coordination of FHE development. The new Node joins two previously established Nodes in New York and Massachusetts, demonstrating the momentum in FHE adoption across the nation. Nodes are designed to foster collaboration and benefit NextFlex members by providing access to facilities, equipme

The Symbiosys Alliance, a collaborative interconnect technologies group chartered to foster synergetic solutions between its members, today announced that it will participate in its first public event at Flash Memory Summit (FMS) in Santa Clara, CA, USA from Aug. 2-4, 2022 . The alliance includes eight technology companies covering a range of markets, including semiconductors, data storage, IoT, cloud computing, consumer electronics, automotive, aerospace, and medical. All eight inaugural mem

Cenntro Electric Group Limited, a leading EV technology company with advanced, market-validated electric commercial vehicles, announced today that it had signed a non-binding term sheet to make a strategic investment in Antric GmbH, a German-based e-cargo designer, representing twenty-five percent (25%) of Antric’s total outstanding shares. The aggregate investment of EUR 2,500,000 ($2,550,000 USD) consists of approximately EUR 1,250,000 (approximately US$1,275,000) in cash and EUR 1,25

Kia America has earned three J.D. Power Automotive Performance, Execution and Layout (APEAL) awards, including one for the all-new EV6, Kia's first dedicated EV and first step toward the brand's transformative 'Plan S' global electrification strategy. The electric crossover took the top spot in the Compact SUV segment, while the Carnival MPV and K5 each won their respective segments. The announcement follows the Forte being crowned number one in the compact car segment in the

Mindtronic AI , a Taiwan-based startup, unveils the world's first Meta-Service, a biometric sensing technology that provides instant access to any visible object in the real world. This technology ushers in the future of mobility, and celebrates the company's fifth CES Innovation Award win since 2018. Mindtronic AI will be showcasing its technology at the Taiwan Tech Arena Pavilion at 2022 CES. Auto technology to monitor and analyze Working with te

Compound Eye, a leading developer of software for 3D sensing and perception, announced early access to its VIDAS Development Kit. VIDAS generates dense 3D outputs and per-pixel semantic class across a diverse set of on-road and off-road environments using only scalable, passive sensors like automotive-grade cameras. VIDAS measures accurate depth without requiring lidar or radar. VIDAS enables vehicles to understand their surroundings in dense 3D and in real time, with applications f