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eCommerce to Emerge as Mainstream Distribution Channel in Global Automotive Aftermarket by 2025
Revenues from online sales in the aftermarket are estimated to grow at 14% in 2021, finds Frost & Sullivan SANTA CLARA, Calif., July 13, 2021 /PRNewswire/ -- Frost & Sullivan's recent analysis, Global Aftermarket Outlook, 2021, finds that the global automotive aftermarket will gather momentum th...
The 10 Millionth Engine of GWM is Born and another 23 power plans announced
BAODING, China, July 13, 2021 /PRNewswire/ -- Recently, the 10 millionth engine of GWM's HYCET rolled off the assembly line officially, making GWM the first company with a scale of 10 million engines among Chinese auto brands. HYCET has declared that it will launch 23 engine products based on fou...
Inceptio Showcases at WAIC Two Models of Mass-Produced Autonomous-Driving Trucks, Empowered by Its Latest Achievements in Full-Stack AD Technology
SHANGHAI, July 12, 2021 /PRNewswire/ -- At the 2021 World Artificial Intelligence Conference (WAIC) under the theme of "Intelligent Connectivity, Inspirational Cities", Inceptio Technology exhibited world's first two models of mass-produced autonomous-driving (AD) heavy-duty trucks. They were dev...
Raythink receives tens of millions of yuan in series A financing
SHENZHEN, China, July 12, 2021 /PRNewswire/ -- Raythink, a provider of in-vehicle AR display products and solutions, announced recently that the company has received tens of millions of yuan in series A financing led by Plum Ventures and joined by Qianhai FOF, Weed Ventures and existing investor ...
Algolux Closes $18.4 Million Series B Round for Robust Computer Vision
MONTREAL, July 12, 2021 /PRNewswire/ -- Algolux, a globally recognized computer vision software company, today announced it has raised$18.4 million in Series B funding. This round was co-led by Forte Ventures and Drive Capital with additional funding from new investors Investissement Quebec, Cast...
China Automotive Systems Receives SGS TÜV Certification
WUHAN, China, July 12, 2021 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or the "Company"),a leading power steering components and systems supplier inChina, today announced that its wholly owned subsidiary, Hubei Henglong Automotive Systems Group Co. Ltd. ("Henglong"), re...
CANGO Auto View: The unparalleled value of human-vehicle interaction
SHANGHAI, July 9, 2021 /PRNewswire/ -- With the evolving landscape of the global automotive industry, Cango Inc. (NYSE: CANG) ("Cango" or the "Company") is issuing a bi-monthly industry insight called "CANGO Auto View" to bring readers, drivers and passengers up to speed with what's on offer in t...
KYMCO and Taiwan Taxi Announce Partnership to Electrify Taiwan's Largest Two-wheeler B2B Delivery Fleets with Ionex
TAIPEI, July 9, 2021 /PRNewswire/ -- KYMCO announced a strategic partnership with Taiwan Taxi to transform the 26,000 two-wheeler delivery fleets operated by its subsidiary GBG Express to Ionex electric vehicles. GBG Express is the largest B2B delivery company inTaiwan specializing in last-mile d...
A powerful combination - IGEL Electric and Solcon Industries join forces
DORTMUND, Germany, July 9, 2021 /PRNewswire/ -- Solid state motor powerhouse Solcon Industries and leading drive technology specialist IGEL Electric are planning to combine their strengths and merge under the brandSOLCON IGEL – POWERED. SOLCON IGEL – POWERED will be a leading force in the indus...
Senmiao Technology Reports Fiscal 2021 Year-end Financial Results
CHENGDU, China, July 8, 2021 /PRNewswire/ -- Senmiao Technology Limited ("Senmiao" or the "Company") (Nasdaq: AIHS), a financing and servicing company focused on the online ride-hailing industry inChina and an operator of its own online ride-sharing platform, today announced financial results for...
TI Fluid Systems Supplies Thermal Systems On Jeep® Wrangler 4xe
AUBURN HILLS, Mich., July 8, 2021 /PRNewswire/ -- TI Fluid Systems (LSE:TIFS), a leading global supplier of automotive fluid systems technology, announced today that it will supply the thermal coolant fluid carrying systems for the new 2021 Jeep® Wrangler 4xe plug-in hybrid. The most technologica...
AI is the Transformative Force Revolutionizing Future Human Development Over the Next 40 Years, Says Baidu CEO Robin Li at WAIC 2021
* Baidu's chief says technological advancements can spur the gradual restoration of humanity to become a low-carbon society * The importance of AI extends beyond economic growth, its true contribution towards society is the creation of social value * Baidu to expand its Apollo Go robotaxi ri...
Mobility in 2030: Explore the Top Transformative Trends Reshaping the Industry
Frost & Sullivan's must-attend Intelligent Mobility Summit will reveal how the mobility industry can reshape the future and create long-term value SANTA CLARA, Calif., July 8, 2021 /PRNewswire/ -- With the ongoing COVID-19 crisis accelerating transformations, innovative, digitally driven business...
New Clarivate Report Identifies Battery Capacity and Charging Technologies as Key to Accelerating Electric Vehicle Adoption
State of innovation in electric vehicles, design challenges and opportunities uncovered by combining the power of unified IP with global research data insights LONDON, July 8, 2021 /PRNewswire/ -- Clarivate Plc (NYSE:CLVT), a global leader in providing trusted information and insights to acceler...
EasyCompare Donates 1,205,425 THB to Help Underprivileged Thai Children During COVID-19 Crisis
BANGKOK, July 8, 2021 /PRNewswire/ -- The donation from EasyCompare
GWM Plans to Invest RMB 100 billion in R&D Targeting New Energy and Intelligent Fields in the Coming Five Years
BAODING, China, July 7, 2021 /PRNewswire/ -- Recently, GWM held the 8th Technology Festival in Baoding at its headquarters. At the opening ceremony, GWM ChairmanJack Wei emphasized the next-generation clean energy-driven smart cars would constitute the new pattern in future automobile industry d...
Tantech Subsidiary Fulfills Fuel Midibus Order and Exports to the Middle East
LISHUI, China, July 7, 2021 /PRNewswire/ -- Tantech Holdings Ltd (NASDAQ: TANH) ("Tantech" or the "Company"), a clean energy company inChina, today announced that its subsidiary, Shangchi Automobile Co., Ltd. ("Shangchi"), fulfilled a new customer order for its medium-sized fuel bus for export to...
LG Innotek Won GM Supplier Quality Excellence Award for Four Consecutive Years
* LG Innotek proved the globally competitive quality of its automotive components. * LG Innotek will accelerate its efforts in targeting the next-generation automotive component market. SEOUL, South Korea, July 7, 2021 /PRNewswire/ -- LG Innotek announced on the 6th that it won the 2020 GM ...
INEOS reveals Grenadier interior: ready for anything work and life throws at it
- Innovative design proves that a capable body-on-frame 4X4 can still deliver on modern comfort and refinement - As with the exterior design, the focus is on practicality and utility – from switches and dials, to stowage and customisation options - Interior is built to endure, with hard-wearing ...
Chery's New PRO Series to be Launched in Iraq
BAGHDAD, July 6, 2021 /PRNewswire/ -- As one of the top Chinese export passenger car brands for 18 consecutive years, Chery is looking to step up its technological capabilities. Already inChina, Russia, Brazil, and Saudi Arabia, the newly-launched PRO series models will also be entering theIraq m...
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