Car | Jotup

ECARX Cloudpeak digital cockpit software stack will be essential element for sustainable future growth in the software-defined vehicle era

Retrieved on:

Thursday, February 22, 2024

CarPlay, SUV, Growth, ADAS, Linux, Original equipment manufacturer, Android Automotive, Google Play, Car, Android Auto, Google Maps

LONDON, Feb. 22, 2024 (GLOBE NEWSWIRE) -- ECARX (Nasdaq: ECX) ("ECARX"), the global automotive technology provider, has developed and deployed its ECARX Cloudpeak digital cockpit software stack to meet the requirements of automotive manufacturers in the software-defined vehicle era.

Key Points:

LONDON, Feb. 22, 2024 (GLOBE NEWSWIRE) -- ECARX (Nasdaq: ECX) ("ECARX"), the global automotive technology provider, has developed and deployed its ECARX Cloudpeak digital cockpit software stack to meet the requirements of automotive manufacturers in the software-defined vehicle era.
ECARX Cloudpeak was developed by ECARX’s global R&D teams in collaboration with HaleyTek – the joint venture between ECARX and Volvo Cars, located in Gothenburg, Sweden.
One of the first applications for ECARX Cloudpeak is Volvo EX30 fully electric SUV.
The main driver for growth is ADAS1, in which ECARX has proven expertise and partnerships with some of the world’s leading technology companies.

India Tyre Industry Report 2024 - ResearchAndMarkets.com

Retrieved on:

Thursday, March 7, 2024

Automotive Manufacturing, Tires & Rubber, Manufacturing, Automotive, Bias, MRF (company), Tire, OEM, News, Growth, SWOT, Sale, Motorcycle, COVID-19, Automation, CEAT (company), Car, Atmanirbhar Bharat, Rail transport

The "India Tyre Market Report by Vehicle Type, OEM and Replacement Segment, Domestic Production and Imports, Radial and Bias Tyres, Tube and Tubeless Tyres, Tyre Size, Price Segment, and Region 2024-2032" report has been added to ResearchAndMarkets.com's offering.

Key Points:

The "India Tyre Market Report by Vehicle Type, OEM and Replacement Segment, Domestic Production and Imports, Radial and Bias Tyres, Tube and Tubeless Tyres, Tyre Size, Price Segment, and Region 2024-2032" report has been added to ResearchAndMarkets.com's offering.
West and Central India was the largest market for India tyre.
Some of the factors driving the West and Central India tyre market included the wide availability through online distribution channels, thriving automotive industry, rising demand for cars, etc.
What is the breakup of the India tyre market based on the tyre size?

Global Automobile OEM In-plant Logistics Strategic Industry Report 2024: Market to Reach $3.4 Billion by 2030 from $2.2 Billion in 2022 with In-Plant Warehousing to Account for $1.3 Billion - ResearchAndMarkets.com

Retrieved on:

Wednesday, March 6, 2024

Automotive Manufacturing, Aftermarket, Manufacturing, Automotive, Logistics, Growth, Car, Risk

The "Automobile OEM In-plant Logistics - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Key Points:

The "Automobile OEM In-plant Logistics - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Automobile OEM In-plant Logistics estimated at US$2.2 Billion in the year 2022, is projected to reach a revised size of US$3.4 Billion by 2030, growing at a CAGR of 5.3% over the analysis period 2022-2030.
In-Plant Warehousing, one of the segments analyzed in the report, is projected to record 5.9% CAGR and reach US$1.3 Billion by the end of the analysis period.
The U.S. Market is Estimated at $590.6 Million, While China is Forecast to Grow at 8.2% CAGR
The Automobile OEM In-plant Logistics market in the U.S. is estimated at US$590.6 Million in the year 2022.

Cadence to Acquire BETA CAE, Expanding into Structural Analysis

Retrieved on:

Tuesday, March 5, 2024

The addition of BETA CAE’s proven technologies and talent will accelerate Cadence’s Intelligent System Design™ strategy by expanding its multiphysics system analysis portfolio and enabling entry into the structural analysis segment, unlocking a multi-billion-dollar incremental TAM opportunity.

Key Points:

The addition of BETA CAE’s proven technologies and talent will accelerate Cadence’s Intelligent System Design™ strategy by expanding its multiphysics system analysis portfolio and enabling entry into the structural analysis segment, unlocking a multi-billion-dollar incremental TAM opportunity.
Over the past few years, Cadence has expanded its system analysis portfolio to build out a comprehensive multiphysics platform including electromagnetics (EM), electrothermal (ET) and computational fluid dynamics (CFD) solutions, and with BETA CAE, Cadence will enter structural analysis, the largest system analysis segment.
Additionally, BETA CAE’s EPILYSIS and FATIQ solvers enable customers to efficiently solve structural analysis and optimization problems.
BETA CAE has annual revenue of about $90 million, and Cadence expects BETA CAE to contribute approximately $40 million to 2024 revenue.

Car IQ Partners With Huck’s Convenience Store, Expanding Their Payment Network to 128 Stores Across Five States

Retrieved on:

Tuesday, March 5, 2024

Banking, Professional Services, Fleet Management, Fintech, Data Management, Payments, Convenience Store, Technology, Automotive, Retail, Trucking, Transport, Marketing, Martin, Fraud, Risk, Car, Partnership

Car IQ Inc., a leading innovator in vehicle payment solutions, announced today a new partnership with Huck’s Convenience Store, a chain of gas and convenience stores.

Key Points:

Car IQ Inc., a leading innovator in vehicle payment solutions, announced today a new partnership with Huck’s Convenience Store, a chain of gas and convenience stores.
This partnership expands the Car IQ network in a number of key geographic locations, including Illinois, Indiana, Missouri, Kentucky and Tennessee.
“Merchants such as Huck’s are critical in providing solid regional coverage for commercial fleet drivers,” said Sterling Pratz, the CEO of Car IQ.
Car IQ will bring a more seamless and secure payment method to Huck’s for commercial fleet drivers,” he added.

Seoul Semiconductor Showcases The World’s First Technology at the Lighting Trade Exhibition in Germany

Retrieved on:

Monday, March 4, 2024

Seoul Semiconductor (KOSDAQ:046890) will participate in Light + Building 2024 , the world’s largest lighting trade exhibition to be held in Frankfurt, Germany from the 3rd to the 8th of March.

Key Points:

Seoul Semiconductor (KOSDAQ:046890) will participate in Light + Building 2024 , the world’s largest lighting trade exhibition to be held in Frankfurt, Germany from the 3rd to the 8th of March.
At the event, Seoul Semiconductor will showcase its exclusive and the world’s first LED lighting solutions of the highest efficiency and highest quality of light Spectrum.
View the full release here: https://www.businesswire.com/news/home/20240304168366/en/
The world’s first second-generation LED technology developed by Seoul Semiconductor (Graphic: Seoul Semiconductor Co., Ltd.)
Seoul Semiconductor is expected to unveil its ‘WICOP’ technology-based high-efficiency lighting system of 240 lumens per watt (lm/W), which is still the leading industry standard.
In addition, Seoul Semiconductor will also feature its ‘SunLike’ technology of the highest quality of light Spectrum.

SoundHound AI Reports Record Quarter with 80% Q4 Revenue Growth to $17.1 Million; Adjusted EBITDA Improved by 80% Year-Over-Year in Q4

Retrieved on:

Thursday, February 29, 2024

SoundHound AI, Inc. (Nasdaq: SOUN), a global leader in voice artificial intelligence, today reported its financial results for the fourth quarter and full year 2023.

Key Points:

SoundHound AI, Inc. (Nasdaq: SOUN), a global leader in voice artificial intelligence, today reported its financial results for the fourth quarter and full year 2023.
View the full release here: https://www.businesswire.com/news/home/20240229968938/en/
SoundHound AI Reports Record Quarter with 80% Q4 Revenue Growth to $17.1 Million; Adjusted EBITDA Improved by 80% Year-Over-Year in Q4 (Graphic: Business Wire)
“This was a breakthrough year in which SoundHound rapidly integrated powerful new generative AI capabilities.
Our real-world voice AI applications are already live and driving consumer engagement across vehicles, devices, and customer service businesses,” said Keyvan Mohajer, CEO and Co-Founder of SoundHound AI.
“We also acquired SYNQ3, establishing SoundHound as the largest voice AI provider for restaurants.

UAE Buy Now Pay Later Business Report 2024: Market to Reach $5.07 Billion by 2029 - Firms are Raising Debt and Equity Rounds to Further Scale their Product Offerings - ResearchAndMarkets.com

Retrieved on:

Thursday, February 29, 2024

Other Retail, Payments, Finance, Banking, Professional Services, Technology, Fintech, Retail, BNPL, Business model, Car, Central bank, Partnership, Growth, Emirati, Product analysis, Central Bank of Myanmar, JPMorgan Chase

The BNPL gross merchandise value in the country will increase from US$2.60 billion in 2023 to reach US$5.07 billion by 2029.

Key Points:

The BNPL gross merchandise value in the country will increase from US$2.60 billion in 2023 to reach US$5.07 billion by 2029.
This report provides a detailed data-centric analysis of the Buy Now Pay Later (BNPL) industry, covering market opportunities and risks across a range of retail categories.
The buy now pay later market is expected to grow at a steady pace over the medium term in the United Arab Emirates.
The financial services suite includes products like send now pay later, buy now pay later, and fly now pay later, among others.

Polestar secures USD 1 billion external funding; business outlook confirmed

Retrieved on:

Wednesday, February 28, 2024

Polestar Automotive Holding UK PLC (Nasdaq: PSNY), the Swedish electric performance car brand, announces that it has secured USD 950 million in external funding.

Key Points:

Polestar Automotive Holding UK PLC (Nasdaq: PSNY), the Swedish electric performance car brand, announces that it has secured USD 950 million in external funding.
View the full release here: https://www.businesswire.com/news/home/20240228093729/en/
Polestar lineup including Polestar 2, Polestar 3, Polestar 4, Polestar 5.
Finally, in addition to the secured USD 950 million in external funding, the recently announced new shareholder structure in Polestar provides a solid basis for the brand’s further business development.
Polestar management will hold a live audio webcast tomorrow, February 29, 2024 at 08:00 ET (14:00 CET) to discuss the Company’s business and outlook update.

Soracom and Suzuki Agree to IoT Collaboration in Mobility

Retrieved on:

Tuesday, February 27, 2024

Soracom, Inc., a global provider of advanced Internet of Things (IoT) connectivity, and Suzuki Motor Corporation, which offers products in multiple mobility categories including automobiles, motorcycles, and outboard motors, today announced that they have signed an agreement to pursue applications of advanced IoT technologies in the field of mobility services.

Key Points:

Soracom, Inc., a global provider of advanced Internet of Things (IoT) connectivity, and Suzuki Motor Corporation, which offers products in multiple mobility categories including automobiles, motorcycles, and outboard motors, today announced that they have signed an agreement to pursue applications of advanced IoT technologies in the field of mobility services.
The global automotive industry is changing rapidly, accelerated by broad progress in electrification and automation and by widespread consumer adoption of "connected car" or telematics-based capabilities.
Together, Soracom and Suzuki will explore opportunities to collaborate in applying leading-edge IoT technologies to develop new offerings centered around mobility services.
Both companies will continue to work toward developing new mobility services that can provide the infrastructure for business and life in a sustainable society.