Auto
EV Startup, River, raises $40 Million in an oversubscribed Series B round; deal led by Yamaha Motor Co., Ltd.
BENGALURU, India, Feb. 8, 2024 /PRNewswire/ -- River, a Bengaluru-based startup building multi-utility electric scooters, has announced a$40 million (335 INR Crores) Series B led by Yamaha Motor Co., Ltd. The round also saw participation from existing investors Al-Futtaim Group, Lowercarbon Capit...
2024-02-08 17:27
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Vantage Markets Continues Partnership with the NEOM McLaren Extreme E Team In 2024
LONDON, Feb. 8, 2024 /PRNewswire/ -- Global multi-asset broker, Vantage Markets
2024-02-08 17:05
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BeyonCa Founder Soh Urges Creation of New Automotive Ecosystem Amid Fragmentation of Supply Chain and AI-driven Transformation
BEIJING, Feb. 8, 2024 /PRNewswire/ -- During a recent investment roundtable with Barron'sChina, Singaporean Weiming Soh, a seasoned figure in the automotive industry and the founder-chairman of the premium smart EV company BeyonCa, advocated the establishment of a new industrial ecosystem to addr...
2024-02-08 09:00
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Carota and F.LAB Establish Strategic Alliance to Strengthen Smart Cockpit Competitiveness
TAIPEI, Feb. 7, 2024 /PRNewswire/ -- Carota, a global supplier of automotive Over-The-Air (OTA) upgrades and remote diagnostic solutions, announced a strategic alliance with F.LAB, a software development company specializing in smart cockpit technology. This alliance will seamlessly integrate F.L...
2024-02-07 11:00
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Greenland Technologies Announces Addition of Correlli Incorporated to HEVI's Fast Growing Approved Service Provider Network Program
EAST WINDSOR, N.J., Feb. 6, 2024 /PRNewswire/ -- Greenland Technologies Holding Corporation (Nasdaq: GTEC) ("Greenland" or the "Company"), a technology developer and manufacturer of electric industrial vehicles and drivetrain systems for material handling machineries and vehicles, today announced...
2024-02-06 21:00
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Autohome Inc. Announces 2023 Q4 and Annual Earnings: New Business Drives Sustained Growth
HONG KONG, Feb. 6, 2024 /PRNewswire/ -- Autohome Inc. (NYSE: ATHM; HKEX: 2518) ("Autohome" or the "Company"), the leading online destination for automobile consumers inChina, today announced its fourth quarter and annual financial results for 2023. Over the past year, Autohome delivered solid ope...
2024-02-06 20:48
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U Power and Cornerstone Sign MoU to Explore the Application of New Energy Charging Equipment and EV Product Solutions in Hong Kong and Southeast Asia
SHANGHAI, Feb. 6, 2024 /PRNewswire/ -- U Power Limited (Nasdaq: UCAR) (the "Company" or "U Power"), a vehicle sourcing services provider with a vision to becoming a comprehensive EV battery power solution provider inChina, today announced that it has signed a Memorandum of Understanding ("MoU") w...
2024-02-06 19:00
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Autohome Inc. Announces Unaudited Fourth Quarter and Full Year 2023 Financial Results
BEIJING, Feb. 6, 2024 /PRNewswire/ -- Autohome Inc. (NYSE: ATHM; HKEX: 2518) ("Autohome" or the "Company"), the leading online destination for automobile consumers inChina, today announced its unaudited financial results for the three months and full year endedDecember 31, 2023. Fourth Quarter 2...
2024-02-06 17:30
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Kia welcomes credit rating upgrade to A3 by Moody's Investors Service
SEOUL, South Korea, Feb. 6, 2024 /PRNewswire/ -- Kia Corporation today welcomed Moody's Investors Service (Moody's) upgrade of the company's corporate rating to A3 with a stable outlook from a previous rating of Baa1 with a positive outlook. According to the report from Moody's, the rating upgra...
2024-02-06 17:20
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Hyundai Motor Welcomes Credit Rating Upgrade to A3 by Moody's Investors Service
SEOUL, South Korea, Feb. 6, 2024 /PRNewswire/ -- Hyundai Motor Company today welcomed Moody's Investors Service (Moody's) upgrade of the company's corporate rating to A3 with a stable outlook from a previous rating of Baa1 with a positive outlook. According to the report from Moody's, the rating...
2024-02-06 17:19
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Zuellig Pharma to Rollout the Volvo FE Electric truck for cold chain logistics
TAIPEI, Feb. 6, 2024 /PRNewswire/ -- The signing ceremony between Taikoo Motors, Zuellig Pharma, and Long Feng Medical Logistics confirmed the first delivery of a Volvo FE Electric truck for cold chain logistics inTaiwan, marking their partnership in promoting green transportation and heralding a...
2024-02-06 10:20
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First design studies for Julie Mehretu's BMW Art Car revealed
NEW YORK and MUNICH, Feb. 5, 2024 /PRNewswire/ -- Julie Mehretu presents her first design studies for the 20th BMW Art Car. For this project, the internationally renowned artist combines her artistic work with a personal enthusiasm for automotive design and speed. She translates dynamism into for...
2024-02-05 22:00
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NIO Capital Completes the Second RMB Fund at Over 3 Billion Yuan
SHANGHAI, Feb. 5, 2024 /PRNewswire/ -- NIO Capital has successfully completed its second Renminbi fund, raising overCNY 3 billion. The fund will maintain its investment focus on Mobility & Logistics, New Energy, and Frontier Technology sectors. The Limited Partner (LP) investors participating in...
2024-02-05 17:56
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NaaS Technology Secured Investment from TAMP Giant Envestnet's Mutual Fund
BEIJING, Feb. 2, 2024 /PRNewswire/ -- NaaS Technology Inc. (Nasdaq: NAAS) ("NaaS" or the "Company"), the first U.S. listed EV charging service company in China, today announced that it has been included within the investment portfolio of PMC Diversified Equity Fund (PMDEX) in the fourth quarter of...
2024-02-02 19:55
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Weichai Group Advances Toward Becoming a Global Leader in Technological Innovation
WEIFANG, China, Feb. 2, 2024 /PRNewswire/ -- On February 2nd, Weichai Group held the 2024 Technology Incentive and Commendation Conference, granting65 million yuan in recognition of significant scientific research achievements and exceptional tech talent within the company. Tan Xuguang, Chairman ...
2024-02-02 19:46
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Neusoft's Innovative Products Showcase at the Automotive World 2024 in Tokyo
SHENYANG, China, Feb. 2, 2024 /PRNewswire/ -- The Automotive World 2024 recently kicked off at Tokyo Big Sight inJapan, and Neusoft Corporation (Neusoft, SSE:600718) showcased a series of innovative products, including intelligent cockpit system, intelligent communication terminal (T-Box), and a...
2024-02-02 16:04
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HIGHWAY HOLDINGS REPORTS FISCAL 2024 THIRD QUARTER AND NINE MONTH RESULTS; THIRD QUARTER SALES INCREASE 60% YEAR OVER YEAR
HONG KONG, Feb. 1, 2024 /PRNewswire/ -- Highway Holdings Limited (Nasdaq: HIHO ) (the "Company" or "Highway Holdings") today reported financial results for its fiscal third quarter and nine months endedDecember 31, 2023, with a 60% increase in revenue and a$0.06 increase in diluted earnings per s...
2024-02-01 22:30
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Auto Industry and Tech Convergence Propel 69.3% of New Vehicles to Level 2++ Automation by 2030
ABI Research's latest whitepaper, sponsored by AMD, outlines a scalable approach to ADAS and autonomous driving NEW YORK, Feb. 1, 2024 /PRNewswire/ -- The automotive industry, in conjunction with major suppliers in Artificial Intelligence (AI), high-performance compute, mapping, and location int...
2024-02-01 21:30
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Volvo Cars 2023 profit increases by 43 percent to deliver a record year in the company's 97-year history
GOTHENBURG, Sweden, Feb. 1, 2024 /PRNewswire/ -- Full Year 2023 * 2023 revenue was SEK 399.3 bn (SEK 330.1 bn in 2022) * 2023 operating income (excl. JVs and associates) was SEK 25.6 bn (SEK 17.9 bn in 2022) * 2023 operating income was SEK 19.9 bn (SEK 22.3...
2024-02-01 14:43
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Hyundai Motor Company to supply an all-electric Light Commercial Vehicle from its Global eLCV platform to Iveco Group in Europe
TURIN, Italy and SEOUL, South Korea, Feb. 1, 2024 /PRNewswire/ -- Hyundai Motor Company and Iveco Group (EXM: IVG) today announced signing a supply agreement of an IVECO-badged all-electric light commercial vehicle forEurope, based on Hyundai's Global eLCV platform. The new vehicle will join Ivec...
2024-02-01 14:30
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