Performance & Special Interest

Quality and Styling Distinguish Top EV Models, but Public Charging Woes Felt by All, J.D. Power Finds

Retrieved on: 
Tuesday, February 27, 2024
Alternative Vehicles, Fuels, EV, Electric Vehicles, Automotive, General Automotive, Vehicle Technology, Specialty, Other Automotive, Performance & Special Interest, Retail, EVS, Bev, J.D. Power, PHEV, BEV, Multimedia, Research, News, ICE, I4, BMW i4, EVX, BMW, Safety, Ford, Ford Mustang Mach-E, Veteran, Benchmarking, Hyundai

Quality and cost of ownership have emerged as the top factors influencing satisfaction, according to the J.D.

Key Points: 
  • Quality and cost of ownership have emerged as the top factors influencing satisfaction, according to the J.D.
  • Both models rank highest in their respective segment on the strength of their performance in the vehicle quality and reliability factor.
  • Each model scores more than 60 points (on a 1,000-point scale) higher than their respective nearest segment competitor for that factor.
  • Following are key findings of the 2024 study:
    Public charging isn’t just bad—it’s getting worse: The study finds that the public charging experience continues to be a major source of EV owner frustration.

Monumo's Anser Engine Achieves Record 10 Million Simulations in 24 Hours

Retrieved on: 
Tuesday, February 27, 2024
Automotive, Vehicle Technology, Environmental Health, Technology, Research, Engineering, Sustainability, Automotive Manufacturing, Manufacturing, Climate Change, Environment, Finance, Green Technology, Professional Services, Other Technology, Performance & Special Interest, Software, EV, Electric Vehicles, Alternative Vehicles, Fuels, Science, SRM, Doctor of Philosophy, Torque, Canadarm, AI, Electronics, Original equipment manufacturer, Physics, Microsoft Research, Arm, Acceleration, Machine learning

The company's scalable, machine learning-friendly, Anser™ Engine is now able to run 10 million simulations in 24 hours.

Key Points: 
  • The company's scalable, machine learning-friendly, Anser™ Engine is now able to run 10 million simulations in 24 hours.
  • This means that we can identify the optimal parameters for specific motor use-cases, whether that is reducing cost, increasing efficiency or improving sustainability.
  • “The Anser Engine has already revealed innovations that surpass human ability, but these incredible results are just the beginning.
  • It’s hard to overstate the role we anticipate this unique combination of technologies will have in the future of engineering disciplines and beyond.”

BYD Shortlisted in the Top Three for the 2024 World Car Awards

Retrieved on: 
Tuesday, February 27, 2024
EV, Electric Vehicles, Automotive, Other Automotive, Automotive Manufacturing, General Automotive, Performance & Special Interest, Vehicle Technology, Manufacturing, Multimedia, ANCAP, World Car Awards, Growth, BYD, Safety, City, History, Plug-in, European Car, Geneva International Motor Show, Travel, Automotive industry

At the Geneva Motor Show on February 26, the World Car Awards announced the top three finalists for 2024.

Key Points: 
  • At the Geneva Motor Show on February 26, the World Car Awards announced the top three finalists for 2024.
  • BYD makes history as the first and only Chinese carmaker to be shortlisted in the top three for the "World Car of the Year" category.
  • View the full release here: https://www.businesswire.com/news/home/20240227393340/en/
    BYD SEAL shortlisted in the Top 3 for the "World Car of the Year" category (Photo: Business Wire)
    Regarded as the top three automotive accolades globally, the "World Car Awards," "European Car of the Year," and "North American Car of the Year" are highly esteemed.
  • Dubbed the "Oscars of the automotive world", the "World Car Awards" is particularly celebrated for its emphasis on international models, positioning it as a highly anticipated event within the global automotive industry.

First Look: All-New 2025 INFINITI QX80

Retrieved on: 
Tuesday, February 27, 2024
Vehicle Technology, Automotive, Automotive Manufacturing, General Automotive, Recreational Vehicles, Manufacturing, Performance & Special Interest, International Auto Show, Multimedia, Digital, SUV, EST, Artistry, Movement, DNA, Camera

The all-new 2025 INFINITI QX80 is set to boldly shake up the full-size luxury SUV segment when it is revealed next month.

Key Points: 
  • The all-new 2025 INFINITI QX80 is set to boldly shake up the full-size luxury SUV segment when it is revealed next month.
  • View the full release here: https://www.businesswire.com/news/home/20240227285482/en/
    The all-new 2025 INFINITI QX80 is set to boldly shake up the full-size luxury SUV segment when it is revealed next month.
  • “But, we feel the all-new QX80 is too extraordinary to keep completely hidden.”
    The all-new 2025 INFINITI QX80 will be revealed March 20 starting at 7 p.m. EST on a livestream, which will be shared closer to the reveal date.
  • Stay tuned for additional episodes in the series for previews of the all-new 2025 INFINITI QX80.

SES Reports Fourth Quarter and Full Year 2023 Business and Financial Results; Provides 2024 Outlook

Retrieved on: 
Monday, February 26, 2024
Other Manufacturing, Technology, EV, Electric Vehicles, Automotive, Other Technology, Automotive Manufacturing, Manufacturing, Other Automotive, Performance & Special Interest, EVS, Letter, UAM, Urban Air Mobility, Multimedia

SES AI Corporation (NYSE: SES), a global leader in the development and manufacturing of high-performance lithium-metal (Li-Metal) rechargeable batteries for electric vehicles (EVs), Urban Air Mobility (UAM) and other applications, today announced its business and financial results for the fourth quarter and full year 2023, which ended December 31, 2023.

Key Points: 
  • SES AI Corporation (NYSE: SES), a global leader in the development and manufacturing of high-performance lithium-metal (Li-Metal) rechargeable batteries for electric vehicles (EVs), Urban Air Mobility (UAM) and other applications, today announced its business and financial results for the fourth quarter and full year 2023, which ended December 31, 2023.
  • View the full release here: https://www.businesswire.com/news/home/20240226195853/en/
    The Company posted a Letter to Our Shareholders on its Investor Relations website from Founder and CEO Dr. Qichao Hu and Chief Financial Officer Jing Nealis, which provides a business update and details its fourth quarter and full year 2023 results.
  • “2023 was a great year for us,” said Dr. Hu.
  • The following link can be used to register for the call: earnings call webcast .

YANGWANG Launched the U9, Priced at 1.68 Million RMB

Retrieved on: 
Monday, February 26, 2024
Alternative Vehicles, Fuels, Technology, EV, Electric Vehicles, Aftermarket, Automotive, General Automotive, Automotive Manufacturing, Manufacturing, Batteries, Performance & Special Interest, Carbon, U9, Multimedia, E4, CTB, BYD, Cabin, Super, Safety, Acceleration, Blade battery, Music, Ultra

BYD, the world’s leading manufacturer of new energy vehicles and power battery, proudly unveils the first pure electric supercar model U9 under its high-end sub-brand, YANGWANG, priced at 1.68 million RMB, and announced the delivery will start in this summer.

Key Points: 
  • BYD, the world’s leading manufacturer of new energy vehicles and power battery, proudly unveils the first pure electric supercar model U9 under its high-end sub-brand, YANGWANG, priced at 1.68 million RMB, and announced the delivery will start in this summer.
  • The YANGWANG U9 packs a whopping 1,300 horsepower and a maximum torque of 1680N·m.
  • Additionally, YANGWANG U9 is equipped with 12 sets of active and passive aerodynamic packages to reduce drag coefficient and enhance heat dissipation efficiency.
  • The YANGWANG U9 boasts the Super Carbon-fiber Cabin, a structure made of different materials, and the next-generation CTB technology.

Sunoco and Energy Transfer Sign First Joint Multi-Year Partnership With Stake F1 Team KICK Sauber

Retrieved on: 
Friday, February 23, 2024
Motor Sports, Sports, General Sports, Licensing (Sports), Automotive, Other Energy, Other Automotive, General Automotive, Oil, Gas, Performance & Special Interest, Energy, Transfer, Multimedia, F1, USAC, Transport, NGL, SUNOCO, SUN, Grand Prix, Sauber Motorsport, Energy Transfer Partners, C44, Partnership

Sunoco LP (NYSE: SUN) and Energy Transfer LP (NYSE: ET), both based in Dallas, announced today they have signed an agreement with Switzerland-based Sauber Motorsport to sponsor its Stake F1 Team KICK Sauber, marking the first time these two companies have entered a marketing partnership.

Key Points: 
  • Sunoco LP (NYSE: SUN) and Energy Transfer LP (NYSE: ET), both based in Dallas, announced today they have signed an agreement with Switzerland-based Sauber Motorsport to sponsor its Stake F1 Team KICK Sauber, marking the first time these two companies have entered a marketing partnership.
  • View the full release here: https://www.businesswire.com/news/home/20240223759441/en/
    SUNOCO AND ENERGY TRANSFER SIGN FIRST JOINT MULTI-YEAR PARTNERSHIP WITH STAKE F1 TEAM KICK SAUBER (Photo: Business Wire)
    The cornerstone of the sponsorship is brand visibility for both Sunoco and Energy Transfer on the new C44 Stake F1 Team car revealed in Hinwil, Switzerland earlier this month.
  • SUN's general partner is owned by Energy Transfer LP (NYSE: ET).
  • Energy Transfer LP (NYSE: ET) owns and operates one of the largest and most diversified portfolios of energy assets in the United States, with more than 125,000 miles of pipeline and associated energy infrastructure.

Cummins promotes five new leaders to vice president

Retrieved on: 
Thursday, February 22, 2024
Automotive, Other Manufacturing, Engineering, Automotive Manufacturing, Manufacturing, General Automotive, Other Construction & Property, Public Transport, HVAC, Other Transport, Other Energy, Trucking, Utilities, Machinery, Other Automotive, Alternative Energy, Transport, Energy, Performance & Special Interest, EV, Electric Vehicles, Alternative Vehicles, Fuels, Roman, Culture, Growth, History, Leadership development, Safety, Strategic management, Jacobs Vehicle Systems, Plant, Supply, Supply chain management, EBU, Component, Economics, Controller, Inc., CMA, Partnership, Certified Management Accountant, Ram, Quality, CMI, Supply chain, IBM Power Systems, Knowledge, Catholic higher education, Environment, Acquisition, Meritor, Purdue University, CSP, HR, Environment, health and safety, Training and development, Management

Cummins Inc. (NYSE: CMI) announced today the appointment of four leaders to the role of vice president, effective March 1 – Ricardo Roman, Michelle Probst, Gbile Adewunmi and Matt McQueen – in addition to Ashwath Ram, who was appointed Vice President in January.

Key Points: 
  • Cummins Inc. (NYSE: CMI) announced today the appointment of four leaders to the role of vice president, effective March 1 – Ricardo Roman, Michelle Probst, Gbile Adewunmi and Matt McQueen – in addition to Ashwath Ram, who was appointed Vice President in January.
  • Ricardo Roman – Vice President, Components Finance
    Roman stepped into the role of Controller for the Components Business Unit in 2022 during a critical period of evolution for the business.
  • Michelle Probst – Vice President, Leadership and Talent Development
    Probst recently expanded her role from Leadership Development to now leading Cummins Talent Development programs and processes globally.
  • Ram oversees the performance of the company’s five business units, including Engine, Power Generation, Distribution, Components and Accelera by Cummins.

Cloyes Gear & Products Announces Acquisition of Automotive Tensioners, Inc.

Retrieved on: 
Wednesday, February 21, 2024
Aftermarket, Retail, Automotive, Other Retail, Performance & Special Interest, Specialty, Acquisition, Partnership, Growth, Organization, Cloyes, Tier 1, Gear

Cloyes Gear & Products, Inc. (“Cloyes”), the global leader and designer of mission-critical timing drive systems and components for the automotive aftermarket, today announced the acquisition of Denton, TX based Automotive Tensioners, Inc. (“ATI”), a leading front-end accessory drive pulley and tensioner supplier to the automotive aftermarket.

Key Points: 
  • Cloyes Gear & Products, Inc. (“Cloyes”), the global leader and designer of mission-critical timing drive systems and components for the automotive aftermarket, today announced the acquisition of Denton, TX based Automotive Tensioners, Inc. (“ATI”), a leading front-end accessory drive pulley and tensioner supplier to the automotive aftermarket.
  • This acquisition marks Cloyes’ second acquisition in the past four months and further strengthens the platform’s value proposition to repair shops, building on the Rotomaster acquisition Cloyes closed in November 2023.
  • In operation since 2014, ATI has developed a comprehensive range of automotive pulleys and tensioners compatible with both domestic and import, heavy-duty, and off-road vehicles.
  • The strategic partnership between Cloyes and ATI will deliver an improved and cohesive timing system solution to the discerning needs of the modern automotive repair shop.

Rivian Releases Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Thursday, February 22, 2024
Alternative Vehicles, Fuels, EV, Electric Vehicles, Automotive, General Automotive, Automotive Manufacturing, Manufacturing, Other Automotive, Performance & Special Interest, Off-Road Trucks & SUVs, Automotive industry, Investment, EDV, Growth, Sale, Letter, Adjustment, Capital expenditure, City, Webcast, R1, Public expenditure, Video game

Rivian Automotive, Inc. (NASDAQ: RIVN) today announced fourth quarter and year end 2023 financial results.

Key Points: 
  • Rivian Automotive, Inc. (NASDAQ: RIVN) today announced fourth quarter and year end 2023 financial results.
  • Overall, there was a 147 percent increase in deliveries for the fourth quarter of 2023 as compared to the fourth quarter of 2022.
  • Gross profit was $(606) million for the fourth quarter of 2023, an improvement from $(1,000) million for the same quarter in 2022.
  • The decreased Adjusted EBITDA* loss for the fourth quarter of 2023 as compared to the fourth quarter of 2022 was driven by lower gross profit losses.