Hyundai

Worksport Set to Launch Innovative SOLIS & COR System This Summer, Providing Options for Partnerships with Tesla, GM, and Ford.

Retrieved on: 
Thursday, March 7, 2024

Further, in future partnerships with EV manufacturers, the SOLIS Cover itself can provide additional electric driving range and charging capabilities directly from the sun.

Key Points: 
  • Further, in future partnerships with EV manufacturers, the SOLIS Cover itself can provide additional electric driving range and charging capabilities directly from the sun.
  • Worksport currently has open conversations with multiple OEM vehicle brands and has previously announced the production of prototypes for Hyundai.
  • Fitment of the Worksport SOLIS with the Tesla Cybertruck is yet to be determined, but possible.
  • For more information about Worksport Ltd., the SOLIS Solar Cover, and the COR Battery System, please visit investor.worksport.com/press-releases/ .

Worksport Set to Launch Innovative SOLIS & COR System This Summer, Providing Options for Partnerships with Tesla, GM, and Ford.

Retrieved on: 
Wednesday, March 6, 2024

Further, in future partnerships with EV manufacturers, the SOLIS Cover itself can provide additional electric driving range and charging capabilities directly from the sun.

Key Points: 
  • Further, in future partnerships with EV manufacturers, the SOLIS Cover itself can provide additional electric driving range and charging capabilities directly from the sun.
  • Worksport currently has open conversations with multiple OEM vehicle brands and has previously announced the production of prototypes for Hyundai.
  • Fitment of the Worksport SOLIS with the Tesla Cybertruck is yet to be determined, but possible.
  • For more information about Worksport Ltd., the SOLIS Solar Cover, and the COR Battery System, please visit investor.worksport.com .

Navitas Semiconductor Announces Record Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Thursday, February 29, 2024

Gross Margin: GAAP gross margin for the fourth quarter of 2023 was 42.2%, compared to 40.6% in the fourth quarter of 2022 and 32.3% for the third quarter of 2023.

Key Points: 
  • Gross Margin: GAAP gross margin for the fourth quarter of 2023 was 42.2%, compared to 40.6% in the fourth quarter of 2022 and 32.3% for the third quarter of 2023.
  • Non-GAAP gross margin for the fourth quarter of 2023 was 42.2% compared to 40.6% for the fourth quarter of 2022 and 42.1% for the third quarter of 2023.
  • Loss from Operations: GAAP loss from operations for the quarter was $26.8 million, compared to a loss of $31.2 million for the fourth quarter of 2022 and a loss of $28.6 million for the third quarter of 2023.
  • On a non-GAAP basis, loss from operations for the quarter was $9.7 million compared to a loss of $12.4 million for the fourth quarter of 2022 and a loss of $8.7 million for the third quarter of 2023.

IIHS challenges automakers with tougher TOP SAFETY PICK award criteria

Retrieved on: 
Tuesday, February 27, 2024

Of those, 22 earn TOP SAFETY PICK+, and 49 earn TOP SAFETY PICK.

Key Points: 
  • Of those, 22 earn TOP SAFETY PICK+, and 49 earn TOP SAFETY PICK.
  • “We followed the tougher requirements we introduced last year with another major update to the award criteria in 2024,” said IIHS President David Harkey.
  • In 2024, a good rating is required for either TOP SAFETY PICK or TOP SAFETY PICK+.
  • Mazda earns the most TOP SAFETY PICK+ awards of any single brand, with five, as well as one TOP SAFETY PICK.

Worksport Ltd. Announces New Distribution Partnership with Dix Performance North to Expand Presence Across Canada

Retrieved on: 
Friday, February 23, 2024

West Seneca, New York, Feb. 23, 2024 (GLOBE NEWSWIRE) -- Worksport Ltd. (Nasdaq: WKSP) (“Worksport” or the “Company”) is proud to announce a new distribution partnership with Dix Performance North, Canada’s leading wholesaler of aftermarket car and truck products.

Key Points: 
  • West Seneca, New York, Feb. 23, 2024 (GLOBE NEWSWIRE) -- Worksport Ltd. (Nasdaq: WKSP) (“Worksport” or the “Company”) is proud to announce a new distribution partnership with Dix Performance North, Canada’s leading wholesaler of aftermarket car and truck products.
  • This strategic alliance is expected to make Worksport’s range of covers widely available throughout Canada, promising to accelerate partnership growth and contribute to significant sales and revenue increases.
  • “Partnering with Dix Performance North is a milestone for Worksport that will significantly enhance our distribution capabilities across Canada,” said Raivio.
  • We believe that this partnership will open up new avenues for growth and enable us to reach more customers with our innovative truck covers.”

Infiniti Dealers Ranked Highest in Auto Industry Study Measuring Responsiveness to Website Customers

Retrieved on: 
Monday, March 4, 2024

Infiniti dealerships were ranked highest according to the 2024 Pied Piper PSI® Internet Lead Effectiveness® (ILE®) Study, which measured responsiveness to customer internet leads coming though dealership websites.

Key Points: 
  • Infiniti dealerships were ranked highest according to the 2024 Pied Piper PSI® Internet Lead Effectiveness® (ILE®) Study, which measured responsiveness to customer internet leads coming though dealership websites.
  • Pied Piper then evaluated how the dealerships responded by email, telephone, and text message over the next 24 hours.
  • In this year’s study, 34% of automotive dealerships scored above 80 (providing a quick and thorough personal response), while 21% scored below 40 (failing to personally respond to their website customers).
  • Brands with the greatest improvement were Dodge, Genesis, Honda, Kia, and Infiniti, all of whom improved their scores more than six points since last year’s study.

Quality and Styling Distinguish Top EV Models, but Public Charging Woes Felt by All, J.D. Power Finds

Retrieved on: 
Tuesday, February 27, 2024

Quality and cost of ownership have emerged as the top factors influencing satisfaction, according to the J.D.

Key Points: 
  • Quality and cost of ownership have emerged as the top factors influencing satisfaction, according to the J.D.
  • Both models rank highest in their respective segment on the strength of their performance in the vehicle quality and reliability factor.
  • Each model scores more than 60 points (on a 1,000-point scale) higher than their respective nearest segment competitor for that factor.
  • Following are key findings of the 2024 study:
    Public charging isn’t just bad—it’s getting worse: The study finds that the public charging experience continues to be a major source of EV owner frustration.

Comcast Announces Premiere of the Inspiring Black Girls Documentary on Black Experience on Xfinity Platform

Retrieved on: 
Tuesday, February 27, 2024

Launched in 2021, Black Experience on Xfinity features the ultimate in Black storytelling from Black programming partners and film studios and has released a variety of original documentaries like Black Girls to showcase Black talent and content creators.

Key Points: 
  • Launched in 2021, Black Experience on Xfinity features the ultimate in Black storytelling from Black programming partners and film studios and has released a variety of original documentaries like Black Girls to showcase Black talent and content creators.
  • The Black Experience on Xfinity Channel is the first-of-its-kind, curated destination of Black content, endorsed by the African American Film Critics Association.
  • View the full release here: https://www.businesswire.com/news/home/20240227373262/en/
    Black Girls Documentary Premiers on Comcast's Black Experience on Xfinity Channel.
  • Xfinity customers can access the Black Experience on channel 1622 or simply say “Black Experience” into the Voice Remote to instantly enjoy the ultimate in Black storytelling.

BYD Set to Challenge Tesla for the Crown in EV Sales in 2024, Says TrendForce

Retrieved on: 
Tuesday, February 20, 2024

TrendForce further notes that China remains the largest market for NEVs, commanding about 60% of the global market share.

Key Points: 
  • TrendForce further notes that China remains the largest market for NEVs, commanding about 60% of the global market share.
  • However, growth is slowing down due to a high base effect, and limited sales growth in other regions cannot compensate for the gap left by the Chinese market.
  • In 2023, Tesla continues to lead BEV rankings with a 19.9% market share, closely followed by BYD, which narrowed the sales gap with Tesla to 248,000 units.
  • TrendForce believes that BYD has the potential to challenge Tesla’s dominance in the BEV market this year.

Hyundai Collaborates with Nicklaus Children's Hospital in Miami to Promote Child Passenger Safety

Retrieved on: 
Thursday, March 7, 2024

MIAMI, March 7, 2024 /PRNewswire/ -- Hyundai Hope , the corporate social responsibility initiative of Hyundai Motor America, recently presented Nicklaus Children's Hospital with a $15,000 donation to the Car Seat Safety Program.

Key Points: 
  • MIAMI, March 7, 2024 /PRNewswire/ -- Hyundai Hope , the corporate social responsibility initiative of Hyundai Motor America, recently presented Nicklaus Children's Hospital with a $15,000 donation to the Car Seat Safety Program.
  • The donation will allow the hospital to expand its efforts in providing child passenger safety education and free onsite safety seat checks and installations to the communities it serves.
  • "We are proud to support Nicklaus Children's Hospital and provide more car seat safety education and outreach programs at the local level."
  • A portion of the donation will be used to purchase car seats for the car seat safety program at Nicklaus Children's Hospital.