Dongfeng Motor Corporation

PATEO, a Leading Enterprise in Automotive Intelligence Industry, Secures Another Equity Financing of Approximately 1.5 Billion Yuan

Retrieved on: 
Tuesday, March 26, 2024
STEC, Dongfeng Motor Corporation, Attention, China Construction Bank, ICBC, Intelligence, Xiaomi, CCP, Capital, YRD, CCB, DFM, Trust, FAW Group, Industrial, FAW, Intellectual property, Yangtze Delta, Automotive industry, Multimedia, Commercial bank, Renewable energy

According to relevant resources, PATEO has recently obtained another financing of 1.5 billion yuan.

Key Points: 
  • According to relevant resources, PATEO has recently obtained another financing of 1.5 billion yuan.
  • While completing this equity financing, PATEO also signed a 19 billion yuan credit agreement with seven top state-owned banks, including Industrial and Commercial Bank of China (ICBC) and China Construction Bank (CCB).
  • In the second half of electric vehicle race, intelligence is the core for automakers to create product differentiation, hence the accelerated iteration of automotive product architecture and form.
  • As an intelligence supplier with self-owned core technologies, PATEO has entered a period of leapfrog growth from 1 to 10 with the development of the industry.

Electric Commercial Vehicle Market worth USD 255.6 billion by 2030 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Monday, March 4, 2024
EVS, Scania AB, Toyota, Air pollution, General Motors, Greenhouse, EQT, Growth, NMC, Climate change, Augmented reality, Tesla, Inc., Software, Paccar, EV, Transport, BYD, Dongfeng Motor Corporation, Mercedes-Benz Group, European, GVWR, Volvo, T5, Partnership, Original equipment manufacturer, Safety, City, Dongfeng, Peterbilt, Mercedes-Benz, CO2, FCEV, Bev, USD, ECV, MAN Truck & Bus, Ford Motor Company, Government, Metrobus, Infrastructure, Kenworth, Workhorse Group, Rail transport

The EU provides incentives for electric vehicles (EVs), such as battery electric vehicles (BEVs) and fuel cell electric vehicles (FCEVs).

Key Points: 
  • The EU provides incentives for electric vehicles (EVs), such as battery electric vehicles (BEVs) and fuel cell electric vehicles (FCEVs).
  • The 121–200 kWh battery capacity segment of the electric commercial vehicle market is witnessing substantial growth for several reasons.
  • The North American electric commercial vehicle market is experiencing significant growth driven by various factors, including tightening emission regulations, increasing environmental awareness, and advancements in electric vehicle (EV) technology.
  • Thus, all such factors are expected to boost the North American electric commercial vehicle market during the forecast period.

Electric Commercial Vehicle Market worth USD 255.6 billion by 2030 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Monday, March 4, 2024
EVS, Scania AB, Toyota, Air pollution, General Motors, Greenhouse, EQT, Growth, NMC, Climate change, Augmented reality, Tesla, Inc., Software, Paccar, EV, Transport, BYD, Dongfeng Motor Corporation, Mercedes-Benz Group, European, GVWR, Volvo, T5, Partnership, Original equipment manufacturer, Safety, City, Dongfeng, Peterbilt, Mercedes-Benz, CO2, FCEV, Bev, USD, ECV, MAN Truck & Bus, Ford Motor Company, Government, Metrobus, Infrastructure, Kenworth, Workhorse Group, Rail transport

The EU provides incentives for electric vehicles (EVs), such as battery electric vehicles (BEVs) and fuel cell electric vehicles (FCEVs).

Key Points: 
  • The EU provides incentives for electric vehicles (EVs), such as battery electric vehicles (BEVs) and fuel cell electric vehicles (FCEVs).
  • The 121–200 kWh battery capacity segment of the electric commercial vehicle market is witnessing substantial growth for several reasons.
  • The North American electric commercial vehicle market is experiencing significant growth driven by various factors, including tightening emission regulations, increasing environmental awareness, and advancements in electric vehicle (EV) technology.
  • Thus, all such factors are expected to boost the North American electric commercial vehicle market during the forecast period.

Black Sesame Technologies Unveils Innovative Autonomous Driving Solutions at CES 2024

Retrieved on: 
Wednesday, January 10, 2024
QNX, BlackBerry, BEV, SOC, GPU, FAW Group, Bit, Ecosystem, Tier 1, Geely, Software, MCU, Dongfeng Motor Corporation, NOA, CES, Growth, Video game

LAS VEGAS, Jan. 9, 2024 /PRNewswire/ -- On January 9th, Black Sesame Technologies, a leading intelligent vehicle SoC and solution provider, revealed a range of innovative products and solutions at CES 2024. Notably, the company introduced its high-performance, automotive-grade autonomous driving chip, the Huashan Series A1000, and the intelligent vehicle cross-domain computing platform, the Wudang C1200 Series. The event also marked the announcement of numerous strategic partnerships, fostering the growth of robust, collaborative ecosystems in the automotive sector.

Key Points: 
  • LAS VEGAS, Jan. 9, 2024 /PRNewswire/ -- On January 9th, Black Sesame Technologies, a leading intelligent vehicle SoC and solution provider, revealed a range of innovative products and solutions at CES 2024.
  • At CES, Black Sesame Technologies highlighted the A1000's broad range of capabilities, showcasing features such as integrated driving and parking, urban navigation, valet parking, 3D surround-view parking assistance, vehicle-road cooperation, and driver monitoring systems.
  • Black Sesame Technologies Shanhai development toolchain, in conjunction with the Huashan series of autonomous driving computing chips, comes equipped with comprehensive development kits and software tools needed for algorithm development.
  • Black Sesame Technologies is dedicated to unlocking new opportunities for industry chain partners and the broader ecosystem through continuous chip innovation and technological advancement.

ThunderSoft Selects C2A Security along with Amazon Web Services, Arm, Blackberry IVY, and others to create new Vehicle OS

Retrieved on: 
Wednesday, January 3, 2024
Aion, Ecosystem, Travel, TomTom, Risk, AWS, Porsche, Dongfeng Motor Corporation, GAC, Sale, Software, HiPhi, Amazon Web Services, BlackBerry, HMI, ETAS, Security, Element, Internet of things, Microchip Technology, Generative, Macan, SDV, SOC, ARM, UN, KPIT, CES, OS, TIER, Mobile phone

JERUSALEM and SHANGHAI, Jan. 3, 2024 /PRNewswire/ -- C2A Security, a risk-driven cybersecurity company, has been chosen by ThunderSoft for its new vehicle operating system, DISHUI OS. DISHUI OS is the first product of its kind in the industry, and it is the result of a joint effort between ThunderSoft and 18 leading companies, including Amazon Web Services, Arm, BlackBerry IVY, Cerence, and others. ThunderSoft is a strategic partner of C2A Security in China, a provider of operating system technologies, software products and solutions, experts in mobile, IoT, automotive, and enterprise. 

Key Points: 
  • JERUSALEM and SHANGHAI, Jan. 3, 2024 /PRNewswire/ -- C2A Security, a risk-driven cybersecurity company, has been chosen by ThunderSoft for its new vehicle operating system, DISHUI OS.
  • DISHUI OS is the first product of its kind in the industry, and it is the result of a joint effort between ThunderSoft and 18 leading companies, including Amazon Web Services, Arm, BlackBerry IVY, Cerence, and others.
  • ThunderSoft is a strategic partner of C2A Security in China, a provider of operating system technologies, software products and solutions, experts in mobile, IoT, automotive, and enterprise.
  • "Security by design should be the bedrock of automotive software development and this collaboration with ThunderSoft's vehicle OS will bring our patented and proven technology to millions of cars globally, enabling the software defined vehicle era.

Stellantis Repurchases €934 Million in Shares from Dongfeng, in Accordance with Pre-Existing Share Repurchase Framework

Retrieved on: 
Wednesday, November 22, 2023
Share repurchase, Dongfeng Motor Group, Dongfeng Motor Corporation, Automotive industry

Stellantis Repurchases €934 Million in Shares from Dongfeng, in Accordance with Pre-Existing Share Repurchase Framework

Key Points: 
  • Stellantis Repurchases €934 Million in Shares from Dongfeng, in Accordance with Pre-Existing Share Repurchase Framework
    AMSTERDAM, November 22, 2023 - Stellantis N.V. (“Stellantis”) and Dongfeng Motor (Hong Kong) International Co., Limited, a subsidiary of Dongfeng Motor Group Company Limited (“Dongfeng”), confirm they have executed a transaction in which Stellantis will repurchase 50 million common shares (1.58% of Stellantis’ share capital pre-cancellation) from Dongfeng, for a total consideration of €934 million.
  • Dongfeng will retain 49.2 million common shares, representing 1.58% of Stellantis’ share capital post-cancellation, and the share repurchase framework agreed between the two parties remains in place with respect to such shares.
  • The purchase of Stellantis common shares by Stellantis from Dongfeng was carried out under the authority granted by Stellantis’ general meeting of April 13, 2023.
  • The share repurchase transaction with Dongfeng will not impact Stellantis’ €1.5 billion open-market share repurchase program announced February 22, 2023, which is expected to complete by the end of 2023.

Drive the Dreams with the Matrix of Dongfeng New Energy Vehicles Taking Shape

Retrieved on: 
Tuesday, December 19, 2023
Alternative Vehicles, Fuels, EV, Electric Vehicles, Automotive, General Automotive, Vehicle Technology, Automotive Manufacturing, Manufacturing, Performance & Special Interest, Off-Road Trucks & SUVs, DREAM, FREE, Multimedia, Dongfeng Motor Corporation, Freedom, TEL, DREAMS, MEGA, DRIVE, SUV, Automotive industry

As an important achievement of Dongfeng Motor's new energy transformation, Dongfeng Motor has successively launched new energy vehicles across the mainstream, high-end and luxury, such as DONGFENG BOX, VOYAH PASSION and MHERO I, and continuously provided better products and services to users around the world.

Key Points: 
  • As an important achievement of Dongfeng Motor's new energy transformation, Dongfeng Motor has successively launched new energy vehicles across the mainstream, high-end and luxury, such as DONGFENG BOX, VOYAH PASSION and MHERO I, and continuously provided better products and services to users around the world.
  • View the full release here: https://www.businesswire.com/news/home/20231218750490/en/
    Dongfeng new energy vehicles (Graphic: Business Wire)
    VOYAH, a high-end smart electric vehicle brand, has always adhered to the brand proposition of "Freedom to Explore" since its establishment.
  • DONGFENG BOX perfectly represents the vigor and beauty of Dongfeng.
  • With the slogan DRIVE YOUR DREAMS, Dongfeng Motor is committed to becoming an outstanding technology company offering premium automotive products and services to global users.

Chinese premium NEV brand VOYAH highlights passionate users in New York Times Square

Retrieved on: 
Monday, December 25, 2023
DREAM, Dream, Travel, PHEV, Multimedia, Wildfire, Dongfeng Motor Corporation, SUV, Patent, MPV, COVID-19, Patient, Voyage, Nature, Renewable energy

However, they share a common identity: the enthusiasts and users of China's premium NEV brand VOYAH.

Key Points: 
  • However, they share a common identity: the enthusiasts and users of China's premium NEV brand VOYAH.
  • This is the first time that a Chinese NEV company put their users' image onto the screen of New York's Times Square, which seeks to echo users' steadfast support since the establishment of the brand.
  • VOYAH has a complete product layout including SUV product VOYAH FREE, MPV product VOYAH DREAM and sedan product VOYAH PASSION.
  • Caption: Chinese premium NEV brand VOYAH highlights passionate users in New York Times Square.

Skio, the Leading Subscription Software Firm, Wins Exclusive Contract to Manage Subscription Sales for BUBS Naturals

Retrieved on: 
Wednesday, November 8, 2023
Siete Foods, Dongfeng Motor Corporation, Tapioca, SMS, Barstool Sports, Churn, Milk bar, Hypertriglyceridemia, Mobile phone, Music

NEW YORK, Nov. 8, 2023 /PRNewswire/ -- Skio, the leading subscription sales software company, said today that it has signed an exclusive agreement to help manage the subscription program for BUBS Naturals, a San Diego company that sells health-boosting natural products.

Key Points: 
  • NEW YORK, Nov. 8, 2023 /PRNewswire/ -- Skio, the leading subscription sales software company, said today that it has signed an exclusive agreement to help manage the subscription program for BUBS Naturals, a San Diego company that sells health-boosting natural products.
  • "Skio is thrilled to have a high-quality brand like BUBS Naturals as a customer," said Kennan Davison, Skio's CEO.
  • Skio's deal with BUBS Naturals follows agreements to manage subscriptions for Milk Bar, Barstool Sports, Magic Mind, Vega, Raw Nutrition, Siete Foods, Doe Lashes, OpenStore and numerous others.
  • Skio is at the forefront of the rapidly growing subscription sales trend, which is exploding in popularity in numerous industries.

Magic Mind Chooses Skio to Oversee Its Popular Monthly Subscription Program

Retrieved on: 
Wednesday, November 1, 2023
Siete Foods, SMS, Health, Fatigue, Coffee, Dongfeng Motor Corporation, Creativity, Magic, Brain, Barstool Sports, Tea, Milk bar, Food delivery, Shopify

NEW YORK, Nov. 1, 2023 /PRNewswire/ -- Skio, a startup that is transforming the way businesses manage subscriptions on Shopify, announced today that it has reached a deal to help manage the subscription program for Magic Mind, an all-natural, matcha-based energy shot infused with nootropics and adaptogens designed to crush procrastination, brain fog and fatigue.

Key Points: 
  • Skio Founder and CEO Kennan Davison said of Magic Mind: "We look forward to helping their subscription program grow."
  • "Magic Mind is an extremely popular and healthy energy beverage and we are thrilled to have them as a customer," Davison said.
  • "We look forward to helping their subscription program grow, creating happy customers and a reliable business stream for the brand."
  • Customers who sign up for subscription deliveries of Magic Mind can receive up to a 34% discount compared to one-time purchases.