Daimler

Accelera by Cummins, Daimler Truck and PACCAR Form a Joint Venture to Advance Battery Cell Production in The United States

Retrieved on: 
Wednesday, September 6, 2023

Accelera by Cummins, the zero-emissions business unit of Cummins Inc. [NYSE: CMI], Daimler Trucks & Buses US Holding LLC (a Daimler Truck Group Company; DAX: DTR0CK; “Daimler Truck”) and PACCAR [NASDAQ: PCAR] are partnering to accelerate and localize battery cell production and the battery supply chain in the United States.

Key Points: 
  • Accelera by Cummins, the zero-emissions business unit of Cummins Inc. [NYSE: CMI], Daimler Trucks & Buses US Holding LLC (a Daimler Truck Group Company; DAX: DTR0CK; “Daimler Truck”) and PACCAR [NASDAQ: PCAR] are partnering to accelerate and localize battery cell production and the battery supply chain in the United States.
  • Accelera by Cummins, Daimler Truck and PACCAR will each own 30% of, and jointly control, the joint venture, which will initially focus on the lithium-iron-phosphate (LFP) battery technology family for commercial battery-electric trucks.
  • Accelera by Cummins, Daimler Truck and PACCAR expect to see growing demand for battery technology throughout this decade and U.S. customers will benefit from a state-of-the-art dedicated battery cell factory.
  • EVE Energy [SZSE:310004] will serve as the technology partner in the joint venture with 10% ownership and will contribute its industry-leading battery cell design and manufacturing know-how.

Accelera by Cummins, Daimler Truck and PACCAR form a joint venture to advance battery cell production in the United States

Retrieved on: 
Wednesday, September 6, 2023

Accelera by Cummins, the zero-emissions business unit of Cummins Inc. [NYSE: CMI], Daimler Trucks & Buses US Holding LLC (a Daimler Truck Group Company; DAX: DTR0CK; “Daimler Truck”) and PACCAR [NASDAQ: PCAR] are partnering to accelerate and localize battery cell production and the battery supply chain in the United States.

Key Points: 
  • Accelera by Cummins, the zero-emissions business unit of Cummins Inc. [NYSE: CMI], Daimler Trucks & Buses US Holding LLC (a Daimler Truck Group Company; DAX: DTR0CK; “Daimler Truck”) and PACCAR [NASDAQ: PCAR] are partnering to accelerate and localize battery cell production and the battery supply chain in the United States.
  • Accelera by Cummins, Daimler Truck and PACCAR will each own 30% of, and jointly control, the joint venture, which will initially focus on the lithium-iron-phosphate (LFP) battery technology family for commercial battery-electric trucks.
  • Accelera by Cummins, Daimler Truck and PACCAR expect to see growing demand for battery technology throughout this decade and U.S. customers will benefit from a state-of-the-art dedicated battery cell factory.
  • EVE Energy [SZSE:310004] will serve as the technology partner in the joint venture with 10% ownership and will contribute its industry-leading battery cell design and manufacturing know-how.

Accelera by Cummins, Daimler Truck and PACCAR form a joint venture to advance battery cell production in the United States

Retrieved on: 
Wednesday, September 6, 2023

Accelera by Cummins, Daimler Truck and PACCAR will each own 30% of, and jointly control, the joint venture, which will initially focus on the lithium-iron-phosphate (LFP) battery technology family for commercial battery-electric trucks.

Key Points: 
  • Accelera by Cummins, Daimler Truck and PACCAR will each own 30% of, and jointly control, the joint venture, which will initially focus on the lithium-iron-phosphate (LFP) battery technology family for commercial battery-electric trucks.
  • Accelera by Cummins, Daimler Truck and PACCAR expect to see growing demand for battery technology throughout this decade and U.S. customers will benefit from a state-of-the-art dedicated battery cell factory.
  • EVE Energy [SZSE:310004] will serve as the technology partner in the joint venture with 10% ownership and will contribute its industry-leading battery cell design and manufacturing know-how.
  • Accelera by Cummins, Daimler Truck and PACCAR are leading the commercial vehicle sector's transition to zero-emissions technologies.

Hyundai Mobis Launches 'MOBIS MOBILITY MOVE 2.0' Strategy to Double Growth in Europe

Retrieved on: 
Tuesday, September 5, 2023

Growth focused around its three core businesses: Electrification (battery/PE system), Next-generation chassis (X-By-Wire), and Connectivity

Key Points: 
  • Growth focused around its three core businesses: Electrification (battery/PE system), Next-generation chassis (X-By-Wire), and Connectivity
    SEOUL, South Korea, Sept. 4, 2023 /PRNewswire/ -- At IAA Mobility 2023 Hyundai Mobis (KRX: 012330) has announced its European market expansion strategy 'MOBIS MOBILITY MOVE 2.0' which showcased its commitment to electric mobility.
  • "The Mobis core solution will play a significant role in the European automotive market as it shifts to electric," explained Axel Maschka, Executive Vice President and Head of Business Division, Hyundai Mobis.
  • Hyundai Mobis plans to target the European mobility market using 'X(Everything)-By Wire' and '5G-based V2X (Vehicle to Everything) Integrated Control' technologies.
  • Hyundai Mobis' investment in state-of-the-art mobility solutions is driven by the willingness of automotive manufacturers in Europe to embrace innovation.

Hyundai Mobis Launches 'MOBIS MOBILITY MOVE 2.0' Strategy to Double Growth in Europe

Retrieved on: 
Tuesday, September 5, 2023

Growth focused around its three core businesses: Electrification (battery/PE system), Next-generation chassis (X-By-Wire), and Connectivity

Key Points: 
  • Growth focused around its three core businesses: Electrification (battery/PE system), Next-generation chassis (X-By-Wire), and Connectivity
    SEOUL, South Korea, Sept. 5, 2023 /PRNewswire/ -- At IAA Mobility 2023 Hyundai Mobis (KRX: 012330) has announced its European market expansion strategy 'MOBIS MOBILITY MOVE 2.0' which showcased its commitment to electric mobility.
  • "The Mobis core solution will play a significant role in the European automotive market as it shifts to electric," explained Axel Maschka, Executive Vice President and Head of Business Division, Hyundai Mobis.
  • Hyundai Mobis plans to target the European mobility market using 'X(Everything)-By Wire' and '5G-based V2X (Vehicle to Everything) Integrated Control' technologies.
  • Hyundai Mobis' investment in state-of-the-art mobility solutions is driven by the willingness of automotive manufacturers in Europe to embrace innovation.

Rivian Appoints Dr. Kjell Gruner as Chief Commercial Officer and President, Business Growth

Retrieved on: 
Friday, September 1, 2023

Rivian Automotive, Inc. (NASDAQ: RIVN) today announced it has appointed Dr. Kjell Gruner as its Chief Commercial Officer and President, Business Growth.

Key Points: 
  • Rivian Automotive, Inc. (NASDAQ: RIVN) today announced it has appointed Dr. Kjell Gruner as its Chief Commercial Officer and President, Business Growth.
  • View the full release here: https://www.businesswire.com/news/home/20230901891588/en/
    Rivian appoints Dr. Kjell Gruner as Chief Commercial Officer and President, Business Growth (Photo: Business Wire)
    Dr. Kjell Gruner brings with him 25 years of automotive experience, having spent time at both Porsche and Daimler/Mercedes-Benz.
  • “We are very happy to welcome Kjell to the Rivian team as Chief Commercial Officer and President, Business Growth.
  • I look forward to working closely together as we tackle this next great wave of opportunity.”
    Dr. Kjell Gruner, Chief Commercial Officer and President, Business Growth, Rivian said:
    “I am excited to join Rivian at this important time in its success story.

Automotive Market in GCC to grow by 346.37 thousand units between 2021 and 2026 | The demand for passenger cars in the market is growing at a faster pace - Technavio

Retrieved on: 
Friday, August 25, 2023

The report provides a detailed analysis of market insights, Download Free Sample PDF Report Here

Key Points: 
  • The report provides a detailed analysis of market insights, Download Free Sample PDF Report Here
    The GCC automotive market is on an evolutionary path, marked by growth, innovation, and challenges.
  • As urbanization reshapes the region's cities, the demand for smarter mobility solutions rises, propelling the automotive landscape.
  • This report navigates this landscape, dissecting market dynamics, from passenger cars to commercial vehicles across Saudi Arabia, UAE, Kuwait, and others.
  • The automotive market in GCC is segmented as below:
    The demand for passenger cars in the market is growing at a faster pace, driven by the increasing per capita income of consumers.

Hyundai Mobis Unveils the Future of Electrification at IAA Mobility 2023

Retrieved on: 
Thursday, August 24, 2023

Today, Hyundai Mobis announced its intent to display an array of over 20 production-ready advancements in electrification and automotive components at the IAA Mobility 2023 Show.

Key Points: 
  • Today, Hyundai Mobis announced its intent to display an array of over 20 production-ready advancements in electrification and automotive components at the IAA Mobility 2023 Show.
  • This year's IAA Mobility Show is pivotal for Hyundai Mobis.
  • Hyundai Mobis is optimistic about enlarging its European market footprint through its attendance at global mobility shows like the IAA.
  • One example of its momentum in Europe is the electrification components contract for Volkswagen, a renowned German automaker, which Hyundai Mobis recently secured.

Hyundai Mobis Unveils the Future of Electrification at IAA Mobility 2023

Retrieved on: 
Thursday, August 24, 2023

Today, Hyundai Mobis announced its intent to display an array of over 20 production-ready advancements in electrification and automotive components at the IAA Mobility 2023 Show.

Key Points: 
  • Today, Hyundai Mobis announced its intent to display an array of over 20 production-ready advancements in electrification and automotive components at the IAA Mobility 2023 Show.
  • This year's IAA Mobility Show is pivotal for Hyundai Mobis.
  • Hyundai Mobis is optimistic about enlarging its European market footprint through its attendance at global mobility shows like the IAA.
  • One example of its momentum in Europe is the electrification components contract for Volkswagen, a renowned German automaker, which Hyundai Mobis recently secured.

Kimberly-Clark, Bayer, Armada, Eastman, Dollar Tree Among the Global Supply Chain Leaders to Present at FourKites Visibility 2023

Retrieved on: 
Thursday, August 10, 2023

Leading supply chain visibility provider FourKites today announced that more than 700 supply chain leaders will come together at Visibility 2023 on 6 September at the Hyatt Regency Chicago.

Key Points: 
  • Leading supply chain visibility provider FourKites today announced that more than 700 supply chain leaders will come together at Visibility 2023 on 6 September at the Hyatt Regency Chicago.
  • FourKites’ annual event, now in its sixth year, assembles a critical mass of shippers, carriers, logistics providers and brokers who are at the vanguard of supply chain transformation.
  • In a series of candid and practical sessions, senior executives will share strategies, best practices and lessons learned from implementing real-time supply chain visibility across their organisations and ecosystems.
  • The Golden Kite Awards recognise companies that are leveraging real-time visibility to achieve standout results in five categories: Improved Customer Experience, End-to-End Optimisation, Supply Chain Agility, Connected Supply Chain and Green Earth.