Cummins Arabia and OWS Automotive sign MOU for defense service applications
Cummins Arabia and OWS Automotive signed a Memorandum of Understanding to collaborate on defense service applications. This collaboration follows the impressive participation of both firms at IDEX 2023 in Abu Dhabi and aims to explore powertrain solutions and technical support for defense end-users, with a focus on identifying viable and mutually beneficial business opportunities within the Middle East. […]
Hexagon aims autonomous and sustainable manufacturing through investment in Divergent
Hexagon AB, a global leader in digital reality solutions combining sensor, software and autonomous technologies, today announced a 100 MUSD investment in Divergent Technologies Inc., a pioneer of green manufacturing technologies with the first modular digital factory for the automotive industry. Divergent has developed an alternative production process to traditional vehicle manufacturing called DAPS® (Divergent Adaptive […]
NavInfo Europe and Tencent Cloud revelas their collaboration
NavInfo Europe, one of the leading software service provider for the automotive industry and Tencent Cloud, one of the cloud business of global technology company Tencent, jointly announced their collaboration to support technology players who plan to expand their business into Europe by providing them with services and solutions that meet all the European regulatory requirements and standards including GDPR. […]
Automotive Software investments to rise up to USD 59 bln in 2030: Roland Berger study
As electrification, connectivity and automated driving functionality increase, the automotive industry will need to invest ever greater sums in software. By 2030, spending could rise from USD 26 billion in 2021 to USD 59 billion. The way to tackle this is with new design concepts in which the vehicle is built around a software platform […]
Daimler Truck partners Manz for lithium-ion battery cells of trucks and buses
Daimler Truck AG will become a major anchor shareholder in German high-tech engineering company Manz AG through a capital increase of around ten percent, subject to approval by the relevant antitrust authorities. In addition, in a first step both companies have signed a cooperation agreement on a strategic partnership to establish a pilot line for […]
LEVC to supply 22 new VN5 Electric Vans to Sunbelt Rentals
LEVC (London Electric Vehicle Company) lands another fleet supply deal with the establishment of a new partnership with Sunbelt Rentals – claimed to be the UK’s largest equipment rental group – to supply 22 new VN5 electric vans. According to LEVC, it’s sector-leading VN5 electric van, which offers zero range anxiety thanks to its eCity […]
Smart EV maker Nio listed on Hong Kong Stock Exchange
NIO Inc., a pioneer and a leading company in the premium smart electric vehicle market, announced on March 9 that it has successfully listed, by way of introduction, its Class A ordinary shares (the “Shares”) on the Main Board of The Stock Exchange of Hong Kong Limited (the “SEHK”). The Shares are traded on the […]
