Press Releases

Luokung Technology Corp., a leading interactive location-based services company in China,  announced that its previously announced acquisition candidate, eMapgo Technologies (Beijing) Co., Ltd. ("EMG") and Beijing New Energy Automobile Co., Ltd. (BAIC BluePark New Energy Technology Co., Ltd., Ticker: 600733.SH) ("BAIC BJEV") have agreed to collaborate on the development of autonomous driving projects for BAIC BJEV's electric vehicles (EVs). EMG recently

Meritor, Inc. announced that production of its 14Xe™ all-electric, fully integrated, commercial electric powertrain for medium- and heavy-duty commercial vehicles will begin mid-2021. Meritor received the first Class 8 truck production contract for electric powertrains in the industry in early 2020. Part of Meritor's Blue Horizon™ advanced technology portfolio, the 14Xe ePowertrain is the only electric powertrain for Class 8 trucks ready for production, bringing the

Daimler plans a fundamental change in its structure, designed to unlock the full potential of its businesses in a zero-emissions, software-driven future. The Supervisory Board and the Board of Management of Daimler agreed to evaluate a spin-off of its Truck and Bus business and begin preparations for a separate listing of Daimler Truck. It is intended that a significant majority stake in Daimler Truck will be distributed to Daimler shareholders. The Daimler Truck business will have fully inde

iQSTEL, Inc. announced a letter of intent (LOI) agreement to develop a proprietary electric battery (www.iQBatteries.com). The agreement is entered into between iQSTEL's Technology Division subsidiary, IoT Labs (www.iotlabs.mx), and MODUS GROUP (http://www.modusai.co/about-us/), the industrial engineering and design firm engaged by Alternet Systems, Inc. (USOTC: ALYI) for the design and development of Alternet's Revolt Electric Motorcycle. IoT Labs has produced industry awar

Senmiao Technology Limited, a provider of automobile transaction and related services targeting the online ride-hailing industry in China as well as an operator of its own online ride-hailing platform, today announced the signing of a strategic cooperation agreement with Chengdu Xingchong New Energy Technology Co., Ltd. ("Chengdu Xingchong"), a subsidiary of Star Charge. Star Charge is a leading electric vehicle ("EV") charging operator in China focused on the re

CDK Global, Inc., a leading retail automotive technology company, today completed the acquisition of Austin-based Square Root. Founded in 2006, Square Root is the creator of CoEFFICIENT®, which helps automotive original equipment manufacturer (OEM) field managers understand and act on unique data patterns and opportunities for retailers in their markets. “The acquisition of Square Root is another important step in our efforts to build innovative solutions for dealers and O

Atlis Motor Vehicles (ATLIS), a start-up mobility technology company, announced the signing of two memorandums of understanding to develop an electric vehicle battery cell production line and a battery pack production line at its headquarters, in Mesa, Arizona. South Korea-based Media Tech Co., Ltd. (Media Tech) will be ATLIS's sole supplier for the design, development, manufacturing, installation, and calibration of all machinery comprising the electrode, assembly, and formatio

Trial operations officially commenced for the Shanghai Pilot Free Trade Zone T1 Demonstration Line in the Lin-gang New Area. As one of the companies involved in the construction of the T1 Demonstration Line, Shanghai Electric Automation Group, a member of Shanghai Electric Group Company Limited, developed China's first intelligent digital-rail transport system ("iDRT") for the digital rail-guided rubber-tired tram ("DRT") used on the line. Shanghai Electric supplied th

TI Fluid Systems, a leading supplier of automotive fuel and fluid distribution systems, announced that it will offer a new generation of plastic fuel tanks to meet stringent Compressive strength requirements for hybrid cars (HEV). Serial production of this plastic fuel tank for plug-in hybrid vehicles (PHEV) of the Passat and Magotan model series was recently launched at the Chinese branch of Volkswagen China with a planned extension to other model series. This innovative technology

Toyoda Gosei Co., Ltd.’s production subsidiary in eastern Japan, Toyoda Gosei East Japan Co., Ltd., is establishing a new plant in Ohira, Kurokawa-gun, Miyagi, where its main customer, Toyota Motor East Japan, Inc., is located. This will enhance Toyoda Gosei’s production capacity in the Tohoku region. Construction of the plant will begin in April 2021 and production of radiator grilles and other large painted plastic parts will start around the summer of 2022. Toyoda Gos

Faraday Future, a global shared intelligent mobility ecosystem company and China’s largest privately owned automotive group, Zhejiang Geely Holding Group, have jointly signed a framework cooperation agreement. The two sides will cooperate in technology and engineering support, and will explore the possibility of using OEM production services provided by the joint venture between Foxconn and Geely. At the same time, Geely Holding Group has also signed a subscription agreement t

The Goodyear Tire & Rubber Company and VI-grade announced a state-of-the-art DiM250 DYNAMIC Driving Simulator will be installed at Goodyear's Innovation Center in Colmar-Berg, Luxembourg. In addition to strengthening Goodyear's product development at the European site, the new driving simulator also enhances technical collaboration with its headquarters in Akron, Ohio, USA, where another DiM250 was recently put into operation. In addition, both of Goodyear's innovati

ZF confirms its position as a provider of technology and systems for electromobility with a new order for series production. The latest in ZF brake control solutions will be standard on Volkswagen ID.3 and ID.4 models, as well as on the MEB platform of the modular electronic transmission system that the Volkswagen Group markets globally. With its new brake control, ZF can help meet high requirements for safety and comfort. In addition, it optimizes the recovery of braking energy, increasing t

H.I.G. Capital, a leading global alternative investment firm with $43 billion of equity capital under management, is pleased to announce that one of its affiliates has completed the acquisition of Continental Battery Holding Corp. (“Continental Batteries,” “Continental,” or the “Company”). Headquartered in Dallas, TX, Continental is a leading distributor of aftermarket batteries to the electric utility vehicle (EUV), automotive, commercial, marine

Shin-Etsu Chemical Co., Ltd. has developed innovative silicone thermal interface materials for applications in electric vehicles (EVs) and hybrid electric vehicles (HEV). With the electrification of automobiles, the demand for heat dissipation measures for lithium-ion batteries and for other electronic control systems is becoming more sophisticated and diversified. With the accelerated growth of vehicle electrification worldwide, the number of thermal interface materials in automoti