Press Releases

Faction Technology, Inc.  Faction today announced an investment from TDK Ventures, Inc., a subsidiary of TDK Corporation . Faction is taking a unique approach to both driverless technology and lightweight vehicle systems that can dramatically impact how we move goods and people. Faction vehicles combine autonomy with remote human teleoperation which allows driverless vehicle systems to be productized without waiting for 100% autonomous technology. “Scaling driverless vehi

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Fisker Inc. passionate creator of the world's most sustainable electric vehicles and advanced mobility solutions – announces Fisker by Hand: OCEAN Concept Collection, a series of non-fungible tokens (NFTs) of original pen-on-paper sketches from the hand of Founder and Chief Designer, Henrik Fisker. "I'm always looking for ways to strengthen our relationship with our customers, fans and stakeholders. I'm a car designer by heart: I still draw my designs with a p

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Christmas is the most magical time of year and every child should wake up with presents under the tree. To make this happen, Merlin Complete Auto Care partnered with The Marine Toys for Tots Program this year to gather toys and monetary donations to help bring the joy of Christmas and send a message of hope to America's less fortunate children. All Merlin locations were registered as Toy Drop-Off sites, and our Merlin Team is more than pleased to announce, we collected more than

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GOWIN Semiconductor Corp. and Shanghai Automobile Transmission announced that GOWIN Semiconductor’s automotive-grade FPGAs passed SAIC’s 2500h heat resistance test, high and low heat cycling resistance with load test, heat impact test, vibration impact test, and 30,000km vehicle test. FPGAs are becoming a required component in automotive development with the increased focus on EVs (Electronic Vehicles) as well as dramatic innovations in Advanced Driving Assistance System

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Renesas Electronics Corporation , a premier supplier of advanced semiconductor solutions, today announced two new microcontrollers  designed for automotive actuator and sensor control applications supporting edge evolution in next-generation electronic and electrical (E/E) architecture. With the new RL78/F24 and RL78/F23, Renesas expands its RL78 Family of low-power 16-bit MCUs and strengthens its broader automotive portfolio, offering customers highly reliable, high-performance solution

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The three leading commercial vehicle manufacturers Volvo Group, Daimler Truck, and the TRATON GROUP have now signed a binding agreement to create a joint venture (JV) to install and operate a high-performance public charging network for battery electric, heavy-duty long-haul trucks and coaches across Europe. As previously communicated, the parties are committed to initiating and accelerating the necessary build-up of charging infrastructure for the increasing number of customers of electric v

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Faraday Future Intelligent Electric Inc., a California-based global shared intelligent electric mobility ecosystem company, today announced that it has started foundation construction for all remaining production areas at its Hanford, California manufacturing plant, including body, propulsion, warehouse, and vehicle assembly. Interior foundation work in the production area is now well advanced, major mechanical systems, including electrical and plumbing, are being installed now, and FF will b

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Lightning eMotors, a leading provider of medium- and heavy-duty specialty commercial electric vehicles for fleets, has reached an agreement to supply battery products produced by Contemporary Amperex Technology Co. Limited (“CATL”), a global leader of new energy innovative technologies. The two-year agreement with CATL distributor Coulomb Solutions, Inc. (CSI) provides Lightning eMotors with additional optionality around form factor. Having several battery size and shape

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MP Materials Corp. announced today that it will build its initial rare earth (RE) metal, alloy and magnet manufacturing facility in Fort Worth, Texas. The company also announced that it has entered a binding, long-term agreement with General Motors (NYSE: GM) to supply U.S.-sourced and manufactured rare earth materials, alloy and finished magnets for the electric motors in more than a dozen models using GM’s Ultium Platform, with a gradual production ramp that begins in 2023.

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FREYR Battery, a developer of clean, next-generation battery cell production, welcomes the strategic partnership and investment announced between FREYR’s partner, 24M Technologies, Inc. (“24M”) and Volkswagen Group (“VWAG”) to manufacture next-generation lithium-ion EV batteries using 24M’s SemiSolid™ platform. The partnership is focused on the development of production technology for SemiSolid™ battery cells for use in VWAG electric vehicles (E

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Today, Governor Roy Cooper of North Carolina and Mayor Filmore York of Liberty, North Carolina, joined Toyota Motor North America's leaders to announce Greensboro-Randolph Megasite has been chosen as the location for Toyota's new $1.29 billion automotive battery manufacturing plant, to be named, Toyota Battery Manufacturing, North Carolina (TBMNC). When it comes online in 2025, TBMNC will have four production lines, each capable of delivering enough lithium-ion batteries for

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ARAMCO, one of the world’s leading integrated energy and chemicals companies, and GAUSSIN (ALGAU - FR0013495298), a pioneer in the clean and intelligent transport of goods and people, have started a partnership in the hydrogen vehicles business. The signing of this agreement took place in the presence of H.E. Khalid Al Falih, Saudi Arabia's Minister of Investment and H.E. Franck Riester, France's Minister Delegate for Foreign Trade and Economic Attractiveness, as well

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Polestar, the pure play, premium electric car company, has released a second teaser image of the forthcoming Polestar 3 electric performance SUV, which is set to launch in 2022. Polestar 3 is the company’s first SUV and will be its first vehicle to be built in the US, with production set to take place in Charleston, South Carolina. This news follows the September announcement of Polestar’s intention to list on Nasdaq in connection with its proposed business combination w

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Alliance Memory today announced that it has greatly reduced lead times for its DRAMs and Micron Technology NOR Flash memory devices with automotive temperature ratings. Responding to customer demand, the company now holds 70 parts in finished goods stock and can provide lead times of just six weeks for its most popular automotive temperature range products. Alliance Memory offers a complete lineup of CMOS SDRAMs — including DDR1, DDR2, DDR3/L, LPDDR4, and LPDDR4X devices &mdas

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While the automotive industry continues to move toward fully automated, self-driving vehicles, the pace is not being matched by educational efforts that will help bring buyers into the modern mobility movement. According to the redesigned J.D. Power 2021 Mobility Confidence Index (MCI) Study,SM released today, consumers possess inaccurate knowledge of fully automated self-driving vehicles. Survey respondents were asked to select one of seven possible descriptions to define fully aut

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