Press Releases

Himax Technologies, Inc.a leading supplier and fabless manufacturer of display drivers and other semiconductor products, today announced its universally adopted industry-leading timing controller (“TCON”), HX8880-D/E Series, will be showcased with various global dominant panel makers, Tier-1 suppliers, and major automotive partners at CES 2022 from January 5 to January 8 in Las Vegas. Himax HX8880-D/E Series features the state-of-the-art local dimming function that can support ult

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TD Holdings, Inc.  a commodities trading service provider in China, today announced that it has entered into a strategic cooperation framework agreement (the "Agreement") on December 20, 2021 with Shanghai Eagsen Intelligent Technology Co., Ltd. ("Eagsen"), a leading company engaging in research and development ("R&D") of automotive informatization and intelligence. Pursuant to the Agreement, the Company and Eagsen agree to jointly develop the

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Fisker Inc. passionate creator of the world's most sustainable electric vehicles and advanced mobility solutions today announced it has signed a Memorandum of Understanding (MOU) with Bridgestone a global leader in tyres and rubber providing solutions for safe and sustainable mobility to provide comprehensive after-sales and related maintenance solutions in France and Germany. After recently selecting Bridgestone as the exclusive tyre partner for its upcoming Ocean all-electric

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Volkswagen’s automotive software and technology company CARIAD and the geolocation technology specialist TomTom (TOM2) today announced that they are co-developing a best-in-class navigation product for the Volkswagen Group. The innovative product will combine TomTom’s expertise in hybrid navigation and industry-leading traffic services, with CARIAD’s competences in premium user experience and vehicle integration. This multi-year deal between TomTom and the Volkswagen Group c

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Vroom, Inc. a leading ecommerce platform for buying and selling used vehicles , today announced an amendment to its inventory financing agreement with Ally Financial Inc.  a leading digital financial services company, to increase the line of credit to $700 million, up from $450 million previously. Ally’s extension of additional financing supports Vroom’s continued national growth, which is bringing about enduring change in the used vehicle industry. Ally has provide

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Faction Technology, Inc.  Faction today announced an investment from TDK Ventures, Inc., a subsidiary of TDK Corporation . Faction is taking a unique approach to both driverless technology and lightweight vehicle systems that can dramatically impact how we move goods and people. Faction vehicles combine autonomy with remote human teleoperation which allows driverless vehicle systems to be productized without waiting for 100% autonomous technology. “Scaling driverless vehi

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Fisker Inc. passionate creator of the world's most sustainable electric vehicles and advanced mobility solutions – announces Fisker by Hand: OCEAN Concept Collection, a series of non-fungible tokens (NFTs) of original pen-on-paper sketches from the hand of Founder and Chief Designer, Henrik Fisker. "I'm always looking for ways to strengthen our relationship with our customers, fans and stakeholders. I'm a car designer by heart: I still draw my designs with a p

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Christmas is the most magical time of year and every child should wake up with presents under the tree. To make this happen, Merlin Complete Auto Care partnered with The Marine Toys for Tots Program this year to gather toys and monetary donations to help bring the joy of Christmas and send a message of hope to America's less fortunate children. All Merlin locations were registered as Toy Drop-Off sites, and our Merlin Team is more than pleased to announce, we collected more than

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GOWIN Semiconductor Corp. and Shanghai Automobile Transmission announced that GOWIN Semiconductor’s automotive-grade FPGAs passed SAIC’s 2500h heat resistance test, high and low heat cycling resistance with load test, heat impact test, vibration impact test, and 30,000km vehicle test. FPGAs are becoming a required component in automotive development with the increased focus on EVs (Electronic Vehicles) as well as dramatic innovations in Advanced Driving Assistance System

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Renesas Electronics Corporation , a premier supplier of advanced semiconductor solutions, today announced two new microcontrollers  designed for automotive actuator and sensor control applications supporting edge evolution in next-generation electronic and electrical (E/E) architecture. With the new RL78/F24 and RL78/F23, Renesas expands its RL78 Family of low-power 16-bit MCUs and strengthens its broader automotive portfolio, offering customers highly reliable, high-performance solution

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The three leading commercial vehicle manufacturers Volvo Group, Daimler Truck, and the TRATON GROUP have now signed a binding agreement to create a joint venture (JV) to install and operate a high-performance public charging network for battery electric, heavy-duty long-haul trucks and coaches across Europe. As previously communicated, the parties are committed to initiating and accelerating the necessary build-up of charging infrastructure for the increasing number of customers of electric v

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Faraday Future Intelligent Electric Inc., a California-based global shared intelligent electric mobility ecosystem company, today announced that it has started foundation construction for all remaining production areas at its Hanford, California manufacturing plant, including body, propulsion, warehouse, and vehicle assembly. Interior foundation work in the production area is now well advanced, major mechanical systems, including electrical and plumbing, are being installed now, and FF will b

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Lightning eMotors, a leading provider of medium- and heavy-duty specialty commercial electric vehicles for fleets, has reached an agreement to supply battery products produced by Contemporary Amperex Technology Co. Limited (“CATL”), a global leader of new energy innovative technologies. The two-year agreement with CATL distributor Coulomb Solutions, Inc. (CSI) provides Lightning eMotors with additional optionality around form factor. Having several battery size and shape

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MP Materials Corp. announced today that it will build its initial rare earth (RE) metal, alloy and magnet manufacturing facility in Fort Worth, Texas. The company also announced that it has entered a binding, long-term agreement with General Motors (NYSE: GM) to supply U.S.-sourced and manufactured rare earth materials, alloy and finished magnets for the electric motors in more than a dozen models using GM’s Ultium Platform, with a gradual production ramp that begins in 2023.

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FREYR Battery, a developer of clean, next-generation battery cell production, welcomes the strategic partnership and investment announced between FREYR’s partner, 24M Technologies, Inc. (“24M”) and Volkswagen Group (“VWAG”) to manufacture next-generation lithium-ion EV batteries using 24M’s SemiSolid™ platform. The partnership is focused on the development of production technology for SemiSolid™ battery cells for use in VWAG electric vehicles (E

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