Press Releases

China Yuchai International Limited , one of the largest powertrain solution manufacturers through its main operating subsidiary in China, Guangxi Yuchai Machinery Company Limited ("GYMCL"), today announced that GYMCL has recently entered into an agreement with Beijing Liandong Jinyuan Management Technology Co., Ltd. ("Beijing Liandong") for the sale of GYMCL's 100% equity holding in Yuchai Remanufacturing Services (Suzhou) Co., Ltd. ("Suzhou Reman") to Beijin

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THIRA ROBOTICS, an S. Korean autonomous mobile robots developer and a subsidiary of THiRA-UTECH – announced the HYUNDAI TRANSYS as their first U.S. implementation site after a successful pilot project. HYUNDAI TRANSYS, an automotive parts subsidiary of Hyundai Motor Group, selected THIRA ROBOTICS' AMRs to automate the production floor flow at a local factory in Alabama. T300 units transport carts to the production line and retrieve carts after unloading. The further implem

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DENZA is a new energy luxury brand co-founded by BYD, a leading manufacturer of new energy vehicles, and Mercedes-Benz, the inventor of the gasoline car, embracing globalization in its carries DNA. Not only are all DENZA products designed for a global audience, the company also strives to become a world-leading new energy luxury car brand. DENZA pursues a global strategy and actively implements the Belt and Road Initiative. To do this, the company is building a global brand image, honing its

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Amidst the rapid transition of the automotive industry to future mobility, Hyundai Mobis (KRX 012330) is establishing a system capable of developing and validating key vehicle technologies in an unrestricted digital virtual environment. This initiative aims to significantly reduce technology development time, allowing various related research teams and collaborative partners early-stage access to the system's innovative collaboration platform. It is an optimal system for develop

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XCMG Machinery has officially inaugurated the XCMG Loading Equipment Research Institute (the "Institute") and commissioned the world's first new energy loader production line in Xuzhou, China. "The Institute will play a vital role in the transformation and upgrade of the industry centered on green, intelligent, high-end, service-oriented, and international development, with the goal of creating a market-oriented technological innovation ecosystem integrating indus

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The pop-up hood actuator, one of Toyoda Gosei Co., Ltd. ’s safety system products, has been adopted by Chinese luxury carmaker Hongqi’s EH7 . The pop-up hood actuator instantly raises the hood in the event of a collision with a pedestrian, reducing the impact on the pedestrian's head by creating a space between the hood and the rigid components beneath it. Demand for such products is growing as China introduces stricter pedestrian protection regulations. *

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Storm Reply, the Reply Group company specialising in innovative cloud-based solutions and services, is supporting car manufacturer Audi to improve its internal knowledge management by introducing an AI chatbot based on Retrieval Augmented Generation (RAG). Using generative AI technology, the project aims to make access to internal information more efficient and reliable. To enable efficient knowledge management for all Audi employees, Storm Reply’s AI chatbot provides the requ

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J.D. Power: The Total Sales Forecast Total new-vehicle sales for December 2023, including retail and non-retail transactions, are projected to reach 1,396,700 units, a 13.2% increase from December 2022, according to a joint forecast from J.D. Power and GlobalData. December 2023 has 26 selling days, one fewer than December 2022. Comparing the same sales volume without adjusting for the number of selling days translates to an increase of 9.0% from a year ago

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Panasonic Energy Co., Ltd., a Panasonic Group company, and Sila, a next-generation battery materials company, today announced an agreement to commercialize Silas High-performance nanocomposite silicon anode, Titan Silicon TM , known. Panasonic's high energy density battery is designed to enable automakers to deliver unprecedented performance for electric vehicles, dramatically increasing vehicle range and reducing charging times. Sila's anode materials will be optimized for Panasonic&

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Hyundai Motor Company today released a teaser image and shared initial details of its CES 2024 announcements. At the event, Hyundai Motor will share its future blueprint for a hydrogen energy ecosystem and a vision for software and artificial intelligence, under the theme of 'Ease every way.' The Hyundai Media Day will be held from 1:00 – 1:45 p.m. PST, on January 8, 2024, at the Mandalay Bay Convention Center in Las Vegas, Nevada, U.S. The event will be live streamed

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Eramet and Vibrantz Technologies today announced a 10-year agreement under which Eramet will supply manganese ore to Vibrantz. Manganese ore is a key raw material used in Vibrantz's portfolio of manganese technologies for lithium-ion batteries and other applications. The agreement is another important step by both companies in their commitment to social responsibility and the transition to a lower-emissions future. It builds on the 20-year partnership between Eramet and Vibrantz

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Enercamp, Inc. made a significant impact at K-Tech Partnership Day 2023, held on December 4, 2023, at Kotra Silicon Valley, by introducing an upgraded mobile electric vehicle (EV) charging system. This latest system by Enercamp combines the advantages of fixed and mobile charging systems. It includes fixed stations for routine charging and introduces mobility through a cart designed for charging on the go. The cart, crafted for easy movement, comprises adaptable battery modules suit

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WeaveGrid, a software company that enables rapid electric vehicle (EV) adoption on the electric grid, and Wallbox, a leading provider of electric vehicle charging solutions, today announced a partnership that will expand access to utility managed charging programs for North American Wallbox owners, beginning with Xcel Energy’s Charging Perks Program in Colorado, where Xcel Energy currently serve around 1.3M residential customers. Thanks to the collaboration with WeaveGrid, Wal

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Asahi Kasei Microdevices (AKM) will return to CES® 2024, held at the Las Vegas Convention Center from January 9th to 12th. AKM’s exhibit will focus on sensing and mixed-signal solutions for mobility and health tech, including an automotive audio demonstration and Millimeter-wave radar system. CES is a premier platform for leaders, innovators, and enthusiasts to converge and explore the latest trends and advancements in the tech industry. The event provides an unparalleled

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Kugler Maag Cie by UL Solutions today announced it has expanded its Automotive SPICE® offerings, including training, assessments, development workshops and process improvement support, in Mexico and Brazil. Part of UL Solutions' automotive portfolio, Kugler Maag Cie by UL Solutions is a global provider of process excellence, assessment and training solutions that support the automotive industry. The company's expanded offerings will help meet the rising demand for knowledge of qua

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