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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 1990

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 1982

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 1769

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 1889

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 1503

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 1979

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 1691

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 1462

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 1951

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 2016

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 1359

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 1449

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 1575

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 1994

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 1740

HOZON AUTO OFFICIALLY SIGNS JOINT AGREEMENT, SECURES AN INVESTMENT EXCEEDING 5 BILLION RMB

TONGXIANG, China, April 22, 2024 /PRNewswire/ -- On April 15th, Hozon Auto reached an investment agreement with multiple Chinese investment enterprises for over5 billion RMB, further strengthening its financial capabilities. With the coordination of various related resources, Hozon Auto will expe...

2024-04-22 08:15 1790

BYD Revolutionizes Battery Production Line with ForwardX Robotics' AMR Solutions

BEIJING, April 22, 2024 /PRNewswire/ -- BYD, renowned for its electric vehicle and sustainable technology innovations, embarks on a transformative collaboration with ForwardX Robotics, a global leader in autonomous mobile robots (AMRs). This partnership has introduced groundbreaking automation s...

2024-04-22 07:00 1860

Four World Records Set Weichai Power Unveils World's First Diesel Engine with 53.09% Thermal Efficiency

TIANJIN, China, April 20, 2024 /PRNewswire/ -- On April 20, 2024, the 2024 World Congress on Internal Combustion Engines grandly commenced in Tianjin,China , showcasing the industry's latest technological advancements. At the event, Weichai Power unveiled the world's first diesel engine with an in...

2024-04-20 20:19 3596

Four World Records Set Weichai Power Unveils World's First Diesel Engine with 53.09% Thermal Efficiency

TIANJIN, China, April 20, 2024 /PRNewswire/ -- On April 20, 2024, the 2024 World Congress on Internal Combustion Engines grandly commenced inTianjin, China , showcasing the industry's latest technological advancements. At the event, Weichai Power unveiled the world's first diesel engine with an in...

2024-04-20 19:58 2870

Inmotive Enters Second Phase of Joint Development Agreement with Suzuki for Implementation of its Ingear Two-Speed EV Transmission

Initial phase validated viability for wider in-vehicle implementation, highlighted capability of Ingear  in EV passenger cars. TORONTO, April 19, 2024 /PRNewswire/ -- Inmotive announced that it will move into the second phase of the joint development agreement with Suzuki to develop an IngearTM ...

2024-04-19 08:02 1875
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