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Volvo Cars reports 8 per cent increase in Q1 2024 core operating profit to SEK 6.8 billion

* Q1 revenue was SEK 93.9 bn (SEK 95.7 bn in Q1 2023)  * Q1 operating income (excl. JVs and associates) was SEK 6.8 bn (SEK 6.3 bn in Q1 2023)  * Q1 EBIT margin (excl. JVs and associates) was 7.2 per cent (6.6 per cent in Q1 2023)             * Q1 Basic earnings per share was SEK 1.12 (SEK...

2024-04-24 13:31

LG Energy Solution to Take Firm Stance Against Patent Infringers

* A surge in patent infringement by latecomers in the battery industry, and subsequent market distortion caused by unlicensed use of patented technology, calls for strong countermeasures to level the playing field * LG Energy Solution believes that at least 500 patents directed to its first t...

2024-04-24 07:27 704

LG Energy Solution to Take Firm Stance Against Patent Infringers

* A surge in patent infringement by latecomers in the battery industry, and subsequent market distortion caused by unlicensed use of patented technology, calls for strong countermeasures to level the playing field * LG Energy Solution believes that at least 500 patents directed to its first t...

2024-04-24 07:13 718

TERREPOWER EXPANDS ITS TENNESSEE OPERATION, ESTABLISHES SOLAR RECYCLING LINE

SPARTA, Tenn., April 24, 2024 /PRNewswire/ -- TERREPOWER, the innovative solar system and EV battery lifecycle management division ofBBB Industries (BBB), announces the launch of its solar panel recycling line at its facility in Sparta, Tennessee. The new solar panel recycling line further establi...

2024-04-24 02:27 770

NOVOSENSE at Automotive World Korea 2024: Enabling Automakers to Create Smarter, Safer Vehicles

SEOUL, South Korea, April 23, 2024 /PRNewswire/ -- NOVOSENSE Microelectronics, a global provider of highly robust & reliable analog and mixed signal chip, today announced it will demonstrate the newest additions to its solutions in automotive OBC/DC-DC, traction inverter, BMS, body control module...

2024-04-23 21:18 841

Tier One Auto Suppliers Must Evolve with the Supply Chain to Access the 2030 US$15 Billion Next-Gen Cockpit Domain Controller Market

NEW YORK, April 23, 2024 /PRNewswire/ -- The traditional tiered supply chain system is no longer relevant to the automotive industry, especially for the digital cockpit. Tier One suppliers have been evolving in their specialties and responsibilities accordingly. One of these roles is supplying co...

2024-04-23 20:30 826

Delta Unveils Groundbreaking Solutions for Smart Manufacturing and e-Mobility at Hannover Messe 2024

HANNOVER, Germany, April 23, 2024 /PRNewswire/ -- Delta, a global leader in power management and a provider of IoT-based smart green solutions, is presenting, under the theme "Realizing an Intelligent, Sustainable and Connecting World," its unique capabilities to foster smart manufacturing and s...

2024-04-23 19:20 676

Cango Inc. Announces Up to US$50 Million New Share Repurchase Program

SHANGHAI, April 23, 2024 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading automotive transaction service platform in China, today announced that its board of directors has authorized a new share repurchase program (the "New Share Repurchase Program") under which the C...

2024-04-23 18:00 822

SINGAUTO Secures USD 45 Million in Funding, Spearheads Global Expansion of New Energy Refrigerated Vehicles

SINGAPORE, April 23, 2024 /PRNewswire/ -- SINGAUTO , a technology company specialising in new energy intelligent refrigerated vehicles and related solutions, has securedUSD 45 million in funding to enhance production capabilities, accelerate tri...

2024-04-23 12:57 926

SVOLT Energy: GWM Focuses on New Energy Development

CHANGZHOU, China, April 23, 2024 /PRNewswire/ -- On April 21, GWM global partner representatives and media friends visited SVOLT Energy and Production Plant inChangzhou to learn about GWM's new energy technology development, R&D achievements and production capabilities, and to explore GWM's outst...

2024-04-23 12:41 927

AUSTRALIAN BATTERY MATERIALS INNOVATOR ANNOUNCES US EXPANSION

SICONA SET TO BECOME THE LARGEST PRODUCER OF SILICON CARBON ANODE MATERIALS IN THE UNITED STATES SYDNEY, April 23, 2024 /PRNewswire/ -- Sicona Battery Technologies, an Australian battery materials innovator, today announced its expansion into the fast-growingUnited States battery component marke...

2024-04-23 08:00 932

STRADVISION Accelerates Digital Innovation for Optimal AI Learning Resource Management

* Not only to enhance cost management and efficiency but also to deliver tangible benefits to customers in terms of time and service quality SEOUL, South Korea, April 22, 2024 /PRNewswire/ -- STRADVISION , a leader in the automotive technology sector, is in...

2024-04-22 23:00 871

FirstElement Fuel, World-Leader in Hydrogen Refueling Solutions, Selected as a Top 40 US GreenTech Company by Time Magazine

Time, in partnership with Statista, listed FirstElement Fuel 36th out of 250 companies named for reducing environmental impact in its inaugural list of America's Top GreenTech Companies IRVINE, Calif., April 22, 2024 /PRNewswire/ -- FirstElement Fuel Inc. ("FEF" or the "Company") was selected by...

2024-04-22 22:15 1227

Lynk & Co to Showcase Its Innovative Models at Beijing International Automotive Exhibition

BEIJING, April 22, 2024 /PRNewswire/ -- Lynk & Co has announced it will showcase a diverse range of models, including its much-anticipated advanced vehicles featuring EM-P, at the upcoming Beijing International Automotive Exhibition fromApril 25 to May 4, 2024, themed "Urban Playground". The com...

2024-04-22 22:08 1074

Veoneer Appoints Nik Endrud as Chief Executive Officer

SOUTHFIELD, Mich., April 22, 2024 /PRNewswire/ -- Veoneer, a market leader in Automotive Safety Systems, today announces the appointment ofNik Endrud as Veoneer's new Chief Executive Officer, effective immediately. Nik Endrud is a results-driven business leader with an excellent track record and...

2024-04-22 21:35 857

Hesai Launches New Ultra-Wide FOV, Long-Range ATX Lidar

* Ultra-Compact High-Performance Long-Range Lidar * Designed for ADAS Series Production Vehicles * Intelligent Rain and Fog Identification  PALO ALTO, Calif, April 22, 2024 /PRNewswire/ -- Hesai Technology (Nasdaq: HSAI), the global leader in lidar technologies for autonomous mobility system...

2024-04-22 20:30 927

Beat the Heat: Hyundai Motor's Innovative Nano Cooling Film to Help Pakistani Customers Keep Cool

* Hyundai Motor launches campaign to install the world's first Nano Cooling Film for free on more than 70 Hyundai vehicles in the test market,Lahore, Pakistan * Nano Cooling Film blocks external heat and emits internal radiant heat to the outside while maintaining high transparency to allow u...

2024-04-22 18:00 853

Asiabike Jakarta hits the road next week to steer growth in Indonesia's two-wheeler industry

HONG KONG, April 22, 2024 /PRNewswire/ -- The first ever trade fair dedicated to the two-wheeler industry inIndonesia,  Asiabike Jakarta opens next week from 30 April – 4 May at the Jakarta International Expo. The event will accelerate Indonesia's initiatives to promote sustainable mobility, with ...

2024-04-22 18:00 875

Zendure Powers Forward with BOÉ Motorsports in MotoGP World Championship 2024

* MotoGP officials bulk-bought Zendure's SuperBase M for on-site assistance * Zendure Logo featured on riders David Muñoz and Joel Kelso's leather gear and motorcycles * Energy storage solutions provide sustainable power to the team and spectators BARCELONA, Spain, April 22, 2024 /PRNewswire...

2024-04-22 17:10 1048

DFI and Outdoor LCD Manufacturer ODHitec Introduce Charging Station Solutions at EVS37

DFI and ODHitec showcase innovative Panel PC to enhance durability and performance in outdoor environments TAIPEI, April 22, 2024 /PRNewswire/ -- DFI , the world's leading brand in embedde...

2024-04-22 10:00 1142
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