Power management company Eaton (Eaton) today announced that its Vehicle Group (Vehicle Group) is an electric vehicle (EV) development geared solutions . The Vehicle Group uses its expertise in the production of transmissions and contract manufacturing gear sets for passenger cars and commercial vehicles to become a global leader in the design, development and supply of reduction gears for electric vehicles. This new technology complements Eaton’s eMobility power electronics portfolio in

Briggs Automotive Company (BAC) is continuing its global expansion and announced the launch of BAC Michigan, signing an agreement with luxury automotive dealership Platinum Motorcars Detroit (PMC) to bring its Mono supercar to the Midwest. Based in Birmingham, Michigan, just north of Detroit, Platinum Motorcars offers premium automotive brands, including Bentley, Ferrari, Aston Martin, Lamborghini, McLaren and Porsche. It will now serve as the exclusive BAC distributor for Michigan

The Goodyear Tire & Rubber Company (Nasdaq: GT) and Cooper Tire & Rubber Company announced that they have entered a definitive transaction agreement under which Goodyear will acquire Cooper in a transaction with a total enterprise value of approximately $2.5 billion. The transaction will expand Goodyear's product offering by combining two portfolios of complementary brands. It will also create a stronger U.S.-based manufacturer with increased presence in distribution and retail ch

ARKO Corp.announced that the Company has signed a strategic memorandum of understanding (MOU) with Chakratec, an Israel-based developer of electric vehicle (EV) charging technology, to distribute the kinetic storage systems for fast charging of electric vehicles. Chakratec is a developer of kinetic energy storage systems that enable ultra-fast charging of EVs. Chakratec’s technology and products aim to solve the main challenge to mass adoption of EVs – the “Range A

Hyzon Motors Inc., the industry-leading global supplier of zero-emissions hydrogen fuel cell powered commercial vehicles, plans to further grow its operations in the Village of Honeoye Falls in Monroe County, New York, creating up to 100 new jobs over the next three years. This follows Hyzon's announcement on February 9, 2021 that it plans to go public through a merger with Decarbonization Plus Acquisition Corporation in a deal that values the fuel-cell truck company at $2.7 bil

Eaton, an energy management company, announced that its Vehicle Group is developing gears for electric vehicles (EVs). With its know-how in manufacturing subcontracted transmissions and gear ratios for commercial and passenger vehicles, the Vehicle Group aims to be a leader in the design, development and supply of EV gear ratios. The new technology completes Eaton's eMobility range of electronic products on the electric vehicle transmission market. Eaton addresses the ch

Greenland Technologies Holding Corporation, a technology developer and manufacturer of electric industrial vehicles and drivetrain systems for material handling machineries and vehicles, and Fujian South China Heavy Machinery Manufacture Co. Ltd. ("SOCMA", www.socmachinery.com), a leading company specialized in designing, manufacturing and distributing heavy industrial machinery and vehicles, today announced a co-operation agreement to utilize SOCMA's existing supply-chain and c

Novelis Inc., the world leader in aluminum rolling and recycling, unveiled its strongest automotive aluminum product to date, Novelis AdvanzTM 7UHS-s701. The technologically advanced, ultra-high-strength material is now available commercially to the global automotive industry. The product offers lightweighting potential of up to 40% over existing ultra-high strength, hot-formed steel solutions. It is designed for safety-critical structural applications in passenger vehicles that req

Volta Trucks, the full-electric commercial vehicle manufacturer, has selected Proterra, a leading innovator in commercial vehicle electrification technology, as the battery supplier for the Volta Zero. The Volta Zero is the world's first purpose-built, full-electric 16-tonne commercial vehicle designed specifically for inner city freight distribution. This significant contract completes Volta Trucks's strategic sourcing of the electric powertrain. Volta Zero vehicles are sch

Autoliv, Inc., the worldwide leader in automotive safety systems, announced its plan to build a new inflator manufacturing plant in India, focused toward supporting its strong Indian market position. This is the latest development in Autoliv's long commitment to the Indian market through its world class life-saving solutions for mobility and society. Autoliv India has its corporate office, Engineering Centre, and Airbag facilities in Bangalore.  The new inflator plant will

SolarEdge Technologies, Inc., announced that the Company has been selected and will begin to supply full electrical powertrain units and batteries for the production of the Fiat E-Ducato light commercial vehicle. “We are excited to be a part of this significant moment for Stellantis as they introduce an electric version of the very popular Fiat E-Ducato light commercial vehicle to the European market. In combining our full electrical powertrains with Stellantis’ expertis

BorgWarner Inc. and AKASOL AG announced that they have signed a Business Combination Agreement ("BCA") to position BorgWarner to significantly expand its commercial vehicle electrification capabilities. As part of the agreement, a wholly-owned subsidiary of BorgWarner will launch a voluntary public takeover offer at €120.00 per share in cash for all outstanding shares of AKASOL ("the Offer"). Holders of approximately 59% of AKASOL's outstanding shares have committ

PPG announced the introduction of a digital styling program that enables automotive designers to execute exceptionally realistic three-dimensional modeling of automotive colors and effects on virtual car designs and surfaces. Exclusive to the program is the PPG proprietary “speed shape” that incorporates all the complex shapes, edges, curves and flat surfaces that would comprise any type of automobile. Developed by PPG, the digital vehicle model is designed to depict the

Advanced silicon-based lithium-ion (Li-ion) batteries for ultra-fast charging and high energy density for markets such as electric vehicles (EVs) Technology pioneer Enebate has announced that it has secured $ 81 million in Series E funding led by the Fidelity Management & Research Company. This adds new resources to us aimed at accelerating the global mass adoption of Enebate's unique battery technology for electric vehicles. Existing investors Mission Ventures and Infinite Potential

Enevate, a pioneer in advanced silicon-dominant lithium-ion (Li-ion) battery technology featuring extreme fast charge and high energy density for electric vehicles (EVs) and other markets, announced that it has secured a $81M Series E funding led by Fidelity Management & Research Company, providing the company with additional new resources aimed at accelerating global mass adoption of Enevate’s unique battery technology in electric vehicles. Existing investors, Mission Ventures and