Volvo

Global and China Passenger Car Cell to Pack, Cell To Chassis and Cell to Body Integrated Battery Industry Report 2024: In 2023, CTP Technology was Seen in Nearly 50% of New Energy Vehicles Sold

Retrieved on: 
Friday, March 15, 2024
Leapmotor, JAC, CIB, Volvo, CTB, BYD, Model Y, Cell, Original equipment manufacturer, Acceleration, EVS, Volkswagen, Nm, Gigafactory Texas, CTC, CATL, CTP, SAIC, Electric battery

DUBLIN, March 14, 2024 /PRNewswire/ -- The "Passenger Car CTP (Cell to Pack), CTC (Cell To Chassis) and CTB (Cell to Body) Integrated Battery Industry Report, 2024" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, March 14, 2024 /PRNewswire/ -- The "Passenger Car CTP (Cell to Pack), CTC (Cell To Chassis) and CTB (Cell to Body) Integrated Battery Industry Report, 2024" report has been added to ResearchAndMarkets.com's offering.
  • In 2023, CTP (Cell to Pack) technology was seen in nearly 50% of new energy vehicles sold.
  • CTC technology however requires battery cells with high intrinsic safety, and this needs to enhance thermal stability of battery cell materials.
  • In addition to Tesla, BYD, Leapmotor and Xpeng, Xiaomi, Volkswagen, Volvo, JAC and SAIC all make layout of CTC technology.

Forum Mobility Provides Charging for Innovative New Electric Truck Program Offered by Ocean Network Express (North America) Inc. and LX Pantos

Retrieved on: 
Wednesday, March 13, 2024
Pantos, Volvo, Ocean Network Express, Forum, Policy, Senior, Heart, Sustainability, ONE, Multimedia, Port

LONG BEACH, Calif., March 13, 2024 /PRNewswire/ -- Forum Mobility, a leading heavy duty truck charging infrastructure provider, announced that it is the charging solutions partner for the innovative new ONE Electric Truck Program.  

Key Points: 
  • LONG BEACH, Calif., March 13, 2024 /PRNewswire/ -- Forum Mobility, a leading heavy duty truck charging infrastructure provider, announced that it is the charging solutions partner for the innovative new ONE Electric Truck Program.
  • BoxLinks, a member of the LX Pantos Group, is ONE's regional partner and will manage the leasing contract and operations for the program.
  • Forum Mobility is building a network of heavy-duty truck charging depots, in ports and on routes to common freight destinations.
  • More information about the ONE Electric Truck Program can be found at: https://us.one-line.com/ElectricTruckProgram
    View original content to download multimedia: https://www.prnewswire.com/news-releases/forum-mobility-provides-chargin...

Westport Announces Signing of Investment Agreement to Establish Previously Announced Joint Venture with Volvo Group

Retrieved on: 
Monday, March 11, 2024
Volvo, Intellectual property, Organization, TSX, JV

The closing of the JV is subject to certain closing conditions, including regulatory and government approvals.

Key Points: 
  • The closing of the JV is subject to certain closing conditions, including regulatory and government approvals.
  • It is anticipated that the JV will become operational following the formal closing which is currently expected to occur in the second quarter of 2024.
  • "We are excited to execute this agreement and build on our success with the Volvo Group and our HPDI™ technology.
  • As previously announced, Westport will contribute certain HPDI™ assets and opportunities, including related fixed assets, intellectual property, and business, into the JV.

Westport Announces Signing of Investment Agreement to Establish Previously Announced Joint Venture with Volvo Group

Retrieved on: 
Monday, March 11, 2024
Volvo, Intellectual property, Organization, TSX, JV

The closing of the JV is subject to certain closing conditions, including regulatory and government approvals.

Key Points: 
  • The closing of the JV is subject to certain closing conditions, including regulatory and government approvals.
  • It is anticipated that the JV will become operational following the formal closing which is currently expected to occur in the second quarter of 2024.
  • "We are excited to execute this agreement and build on our success with the Volvo Group and our HPDI™ technology.
  • As previously announced, Westport will contribute certain HPDI™ assets and opportunities, including related fixed assets, intellectual property, and business, into the JV.

Commercial Vehicles Market cross $15.9 Tn by 2032, Says Global Market Insights Inc.

Retrieved on: 
Wednesday, March 6, 2024
Scania AB, EV, Amazon Web Services, General Motors, USD, Transport, ADAS, Ford Motor Company, Urbanization, Toyota, BMW, Automation, Volvo, AWS

The commercial vehicles market valuation is estimated to reach USD 15.9 trillion by 2032, as reported in a research study by Global Market Insights Inc.

Key Points: 
  • The commercial vehicles market valuation is estimated to reach USD 15.9 trillion by 2032, as reported in a research study by Global Market Insights Inc.
  • The commercial vehicles market from the construction & mining end-use segment is predicted to grow significantly through 2032, owing to the ongoing infrastructure development projects.
  • Increasing environmental concerns and stringent emissions regulations are driving the adoption of electric commercial vehicles, particularly in urban areas.
  • Asia Pacific commercial vehicles market will expand notably till 2032, driven by rapid urbanization, economic growth, and infrastructural development initiatives.

ECARX's Global Expansion Driven by Strong R&D and International Accreditations

Retrieved on: 
Monday, March 4, 2024
Polestar, Original equipment manufacturer, Catalog, European, Safety, GAS, Certification, AMD, ECX, SmartOS, Volvo, Research

This approach has led to the deployment of ECARX solutions in over 6 million vehicles worldwide from 16 global automotive OEMs and 25 brands to date.

Key Points: 
  • This approach has led to the deployment of ECARX solutions in over 6 million vehicles worldwide from 16 global automotive OEMs and 25 brands to date.
  • Its highly robust internal processes and products have successfully obtained 23 global accreditations that cover quality systems, functional safety, and product functionality.
  • ECARX also leverages its R&D capabilities and accreditations to assist global automakers in deploying Google Automotive Service (GAS), which has rigorous standards and strict requirements for applications.
  • Peter Cirino, Chief Operating Officer of ECARX, emphasized the importance of certifications: "Possessing internationally recognized certifications is crucial for global expansion.

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

Retrieved on: 
Thursday, February 29, 2024
Internet, EV, Failure, Silicon, Zeekr, Research, Epidemic, Part, Growth, OPPO, Samsung, Original equipment manufacturer, BYD, Conference, Smart, GAAP, COVID-19, Silicon carbide, Part 1, Geely, Gallium nitride, Probability, Risk, Volvo, Hyundai, Video game

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.

ECARX Announces Fourth Quarter and Full Year 2023 Unaudited Financial Results

Retrieved on: 
Wednesday, February 28, 2024
EV, Research, OEM, Traction, Telephone, Polestar, Mobileye, EST, Growth, Original equipment manufacturer, Government, OS, Yoy, Geely Auto, Business, Webcast, Geely, JICA, News, Quarter, ECX, Robotics, Ecosystem, Volvo, Partnership, Video game

SHANGHAI, China, Feb. 28, 2024 (GLOBE NEWSWIRE) -- ECARX Holdings Inc. (Nasdaq: ECX) (“ECARX” or the “Company”), a global mobility tech provider, today announced unaudited financial results for the quarter ended December 31, 2023.

Key Points: 
  • SHANGHAI, China, Feb. 28, 2024 (GLOBE NEWSWIRE) -- ECARX Holdings Inc. (Nasdaq: ECX) (“ECARX” or the “Company”), a global mobility tech provider, today announced unaudited financial results for the quarter ended December 31, 2023.
  • “ECARX closed out 2023 on a high note, delivering a 31% year-over-year increase in revenues and significantly narrowing our net loss for the full year,” said ECARX Chairman and CEO Ziyu Shen.
  • Total cash of RMB588.2 million (US$82.8 million), including RMB27.1 million (US$3.8 million) in restricted cash, as of December 31, 2023.
  • Full Year 2023 Financial Results:
    On June 30, 2023, ECARX signed transaction agreements to increase its investment and took a controlling financial interest in JICA Intelligent Robotics Co., Ltd. (“JICA”), an entity under common control.

Joint Electric Truck Scaling Initiative (JETSI) Partners Celebrate Milestone as NFI Deploys 50 Zero-Emission Trucks and Powers Up Electric Charging Depot

Retrieved on: 
Tuesday, February 27, 2024
Marketing, Port, Transport, NFI, Daimler Truck North America, History, Public, EPA, CARB, Volvo Trucks, Movement, Investment, Volvo, Environment, Travel

Ontario, California, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Today, partners of the Joint Electric Truck Scaling Initiative (JETSI) proudly announce a significant achievement in sustainable transportation.

Key Points: 
  • Ontario, California, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Today, partners of the Joint Electric Truck Scaling Initiative (JETSI) proudly announce a significant achievement in sustainable transportation.
  • JETSI project partner, NFI, a leading North American third-party supply chain solutions provider, has officially received all 50 Class 8 battery-electric trucks funded through the project—including 30 Freightliner eCascadia trucks and 20 Volvo VNR Electric trucks.
  • "NFI is committed to driving innovation and sustainability in the logistics and trucking industries," said Brian Webb, president of port services, NFI.
  • "Daimler Truck North America congratulates NFI on the successful deployment of Freightliner eCascadia trucks as part of the JETSI project.

Hazelcast Achieves Record Year with Leading Brands Choosing its Platform for Application Modernization, AI Initiatives

Retrieved on: 
Thursday, February 22, 2024
TCO, BNY Mellon, AI, Investment, Internet of things, LLM, Software as a service, Organization, HSBC, Volvo, JPMorgan Chase, Target

More recently, Hazelcast earned broad industry recognition from analysts , including Forrester, as a leader in the emerging unified real-time data processing category.

Key Points: 
  • More recently, Hazelcast earned broad industry recognition from analysts , including Forrester, as a leader in the emerging unified real-time data processing category.
  • Analysts identified Hazelcast’s strengths in data enrichment, resilience, and throughput, which are critical to enterprise AI efforts.
  • Hazelcast Platform is unlike other streaming data platforms because its “strategic innovation lies in also providing an extremely low-latency transactional platform.
  • Rather than ripping and replacing existing infrastructure, the Hazelcast Platform fits within the existing stack to enable ultra-fast storage and compute.