Volkswagen Group China

Polestar announces Board and Management appointments

Retrieved on:

Thursday, January 11, 2024

Alternative Vehicles, Fuels, Automotive Manufacturing, Manufacturing, General Automotive, Automotive, Proton, Winfried Vahland, Volkswagen Group China, Proton Holdings, Senior management, Winfried, Multimedia, CFO, Škoda Auto, Volvo, Supervisory board, Automotive industry, Car

Polestar Automotive Holding UK PLC (Nasdaq: PSNY), the Swedish electric performance car brand, announces appointments to its Board of Directors and Management Team.

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Polestar Automotive Holding UK PLC (Nasdaq: PSNY), the Swedish electric performance car brand, announces appointments to its Board of Directors and Management Team.
View the full release here: https://www.businesswire.com/news/home/20240111729731/en/
Winfried Vahland has been appointed to the Board as a new director.
Winfried was previously CEO and President of Volkswagen Group China, Chairman of the Executive Board of Skoda Auto and a Member of the Board of Volvo Cars.
Håkan Samuelsson, Chairman of Polestar’s Board of Directors, says: “I’m delighted to welcome Winfried to the Board.

PTC Becomes Strategic Supplier to Volkswagen Group with Codebeamer ALM Solution

Retrieved on:

Tuesday, October 31, 2023

Volkswagen Group China, Volkswagen Group, ALM, PTC, Volkswagen, Software, Industrial design, Automotive industry

Codebeamer to be adopted by Volkswagen Group teams for software requirements, test, and release management

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Codebeamer to be adopted by Volkswagen Group teams for software requirements, test, and release management
BOSTON, Oct. 31, 2023 /PRNewswire/ -- PTC (NASDAQ: PTC) today announced that it has established a strategic supplier relationship with Volkswagen Group , focused on the adoption of PTC's Codebeamer ® application lifecycle management (ALM) solution to support the software development for the next generation of electric vehicles from the Volkswagen Group and its brands.
As the relationship progresses, PTC and Volkswagen Group expect to scale the use of Codebeamer across multiple Volkswagen Group engineering teams to support the software development process.
"Our close collaboration with Volkswagen Group will advance PTC's efforts to make Codebeamer the leading ALM solution for the automotive industry.
"Volkswagen Group views PTC as a strategic supplier for our Group-wide product development strategy, and we look forward to our work together to make Codebeamer a successful tool for our software development and vehicle engineering teams."

Wireless Charging Market for Electric Vehicles worth $1279 million by 2030 - Exclusive Report by MarketsandMarkets™

Retrieved on:

Wednesday, October 4, 2023

All these parameters are expected to bolster the revenue growth of the BEV segment in the wireless charging market for electric vehicles.

Key Points:

All these parameters are expected to bolster the revenue growth of the BEV segment in the wireless charging market for electric vehicles.
The passenger car segment is expected to have significant growth opportunities in the wireless charging industry for electric vehicles during the forecast period.
This is owing to the increasing efforts by automotive OEMs to incorporate wireless charging systems in their vehicles.
UK is expected to register the highest growth in the wireless charging market for electric vehicles in Europe during the forecast period.

Wireless Charging Market for Electric Vehicles worth $1279 million by 2030 - Exclusive Report by MarketsandMarkets™

Retrieved on:

Wednesday, October 4, 2023

All these parameters are expected to bolster the revenue growth of the BEV segment in the wireless charging market for electric vehicles.

Key Points:

All these parameters are expected to bolster the revenue growth of the BEV segment in the wireless charging market for electric vehicles.
The passenger car segment is expected to have significant growth opportunities in the wireless charging industry for electric vehicles during the forecast period.
This is owing to the increasing efforts by automotive OEMs to incorporate wireless charging systems in their vehicles.
UK is expected to register the highest growth in the wireless charging market for electric vehicles in Europe during the forecast period.

XPENG Announces Entry Into the German Market

Retrieved on:

Monday, September 4, 2023

XPENG Motors (“XPENG” or the “Company,” NYSE: XPEV and HKEX: 9868), a leading Chinese smart electric vehicle (“Smart EV”) company, today shared updates on its international business at IAA Mobility, including the news of its entrance into the German market in 2024.

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XPENG Motors (“XPENG” or the “Company,” NYSE: XPEV and HKEX: 9868), a leading Chinese smart electric vehicle (“Smart EV”) company, today shared updates on its international business at IAA Mobility, including the news of its entrance into the German market in 2024.
"Today represents an important step on our international expansion journey," says Brian Gu, Vice Chairman and Co-President of XPENG.
In July, XPENG and the Volkswagen Group entered into a long-term strategic partnership that will empower both parties to explore long-term collaboration opportunities.
XPENG G9 and P7 also claimed the top two spots in the range test, with a 13% and 10% increase in real-world range compared to their stated WLTP range, respectively.

EQS-News: paragon cooperates with Clarios, a global leader in low-voltage battery technologies

Retrieved on:

Wednesday, August 30, 2023

A transition of the battery unit to Clarios together with a continued cooperation and supply agreement has now been concluded with Clarios, a global leader in low-voltage battery technologies.

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A transition of the battery unit to Clarios together with a continued cooperation and supply agreement has now been concluded with Clarios, a global leader in low-voltage battery technologies.
paragon will continue to participate in Clarios' success in the future by supplying the electronics for battery management for current business as well as potentially for future business.
The agreement also creates the opportunity for future technology collaboration between paragon and Clarios as both companies play a role in supporting new vehicle technology.
For 3 years, paragon has consistently pursued the path of concentration and strengthening of the core business while at the same time massively reducing debt.

Innoviz Reiterates Value Proposition in Open Letter to Shareholders

Retrieved on:

Wednesday, August 16, 2023

TEL AVIV, Israel, Aug. 16, 2023 /PRNewswire/ -- Innoviz Technologies Ltd. (NASDAQ: INVZ) ("Innoviz"), a leading Tier-1 direct supplier of high-performance, automotive grade LiDAR sensors and perception software, today issued an open letter to its shareholders following its recently-completed underwritten public offering of ordinary shares, in which Co-Founder and CEO Omer Keilaf highlights the Company's strong operational execution and recent customer wins.

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Innoviz is currently participating in over five active RFQ sourcing processes, all with major automotive OEMs.
We believe we are in a once-in-a-lifetime market share capture window for the automotive LiDAR industry.
Winner Takes Most Market: At Innoviz, we believe the automotive LiDAR industry is ultimately going to be a winner-takes-most market.
When combined, these factors point to a strong backdrop for Innoviz in the programs that we are actively competing on.

diconium takes off with Philipp Reth as manager in China

Retrieved on:

Tuesday, August 1, 2023

DNA, Communication, Microsoft mobile services, Telecommunications, Volkswagen Group China, TMT, Eurostar, Volkswagen Group, Volkswagen, Acquisition, Deutsche Bahn, Growth, Mobile phone, Management

STUTTGART, Germany, July 31, 2023 /PRNewswire/ -- diconium is resuming its operations in the Chinese market with the appointment of Philipp Reth (47) as the head of the Chinese market division. In this role, the experienced mobility expert will immediately drive diconium's business at the Beijing location after the break caused by the pandemic. His primary focus will be on supporting the Volkswagen Group and its joint venture partners in China. Additionally, he will work on establishing and expanding customer business in various sectors, including mobility, consumer goods & retail, banking & insurance, industry, and technology & media & telecommunications (TMT). He will also be responsible for expanding the diconium partner network in China and leading the local team of around 100 new hires and experienced diconium employees. The ultimate goal is to establish China as a fully-fledged diconium location that facilitates digital growth for diconium customers worldwide. Furthermore, diconium is already planning to open offices in Shanghai and Hefei. The management team in China is also seeking local reinforcements to work with Philipp Reth in a dual leadership role in the future. Philipp Reth will report directly to Anja Hendel, the Managing Director of the diconium Group.

Key Points:

Experienced mobility expert Philipp Reth is driving the reactivation of diconium's Beijing location after Corona's forced break in China.
The ultimate goal is to establish China as a fully-fledged diconium location that facilitates digital growth for diconium customers worldwide.
The management team in China is also seeking local reinforcements to work with Philipp Reth in a dual leadership role in the future.
Philipp Reth will report directly to Anja Hendel, the Managing Director of the diconium Group.

ev.energy secures $33M Series B funding to drive electric vehicle-grid integration in North America and Europe

Retrieved on:

Thursday, July 27, 2023

The round also saw continued support from existing investors Energy Impact Partners (EIP), Future Energy Ventures (FEV) and ArcTern Ventures .

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The round also saw continued support from existing investors Energy Impact Partners (EIP), Future Energy Ventures (FEV) and ArcTern Ventures .
ev.energy seamlessly connects electric vehicles to grid networks to make charging simpler, greener and cheaper for drivers.
Today, more than 120,000 EV drivers across North America and the UK are part of ev.energy's Virtual Power Plant (VPP).
This funding round will enable ev.energy to expand its global operations while building on its rapid and sustained growth across North America and the UK.

Electra Announces Commitment for Strategic Investment from First Nation-Owned Three Fires Group

Retrieved on:

Monday, June 26, 2023

Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) announces that it has received a commitment for a strategic investment from the Three Fires Group Inc. (“Three Fires”) in support of advancing the Company’s battery materials park north of Toronto and accelerating its battery recycling strategy in North America.

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Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) announces that it has received a commitment for a strategic investment from the Three Fires Group Inc. (“Three Fires”) in support of advancing the Company’s battery materials park north of Toronto and accelerating its battery recycling strategy in North America.
The Three Fires investment is expected to form part of a larger financing by Electra totaling up to $20 million.
Completion of the strategic investment is also subject to Electra securing additional financing of not less than $10 million.
Research firm MarketsandMarkets estimates the lithium-ion battery recycling market to grow to $35.1 billion by 2031, from $6.5 billion in 2022.