Auto

XPENG Announces Vehicle Delivery Results for October 2023

Retrieved on: 
Wednesday, November 1, 2023

20,002 vehicles delivered in October 2023, a new record of monthly deliveries

Key Points: 
  • 20,002 vehicles delivered in October 2023, a new record of monthly deliveries
    8,741 XPENG G6s delivered in October 2023, a best-seller battery electric SUV in its price segment
    GUANGZHOU, China, Nov. 01, 2023 (GLOBE NEWSWIRE) -- XPeng Inc. (“XPENG” or the “Company,” NYSE: XPEV and HKEX: 9868), a leading Chinese smart electric vehicle (“Smart EV”) company, today announced its vehicle delivery results for October 2023.
  • On October 24, 2023, XPENG hosted its 2023 Tech Day event during which the management unveiled its latest go-to-market plan for its full-stack, industry-leading ADAS - XNGP.
  • XPENG plans to expand the rollout of XNGP functions that are not reliant on high-definition maps to 50 cities by year-end.
  • As a flagship model built upon SEPA2.0 architecture, the XPENG X9 will be showcased at the Auto Guangzhou 2023 held in November.

Li Auto Inc. October 2023 Delivery Update

Retrieved on: 
Wednesday, November 1, 2023

BEIJING, China, Nov. 01, 2023 (GLOBE NEWSWIRE) -- Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI; HKEX: 2015), a leader in China’s new energy vehicle market, today announced that the Company delivered 40,422 vehicles in October 2023, representing an increase of 302.1% year over year.

Key Points: 
  • BEIJING, China, Nov. 01, 2023 (GLOBE NEWSWIRE) -- Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI; HKEX: 2015), a leader in China’s new energy vehicle market, today announced that the Company delivered 40,422 vehicles in October 2023, representing an increase of 302.1% year over year.
  • Monthly deliveries exceeded the 40,000 milestone for the first time, and the cumulative deliveries of Li Auto vehicles in 2023 reached 284,647 as of the end of October.
  • “Following steady growth for ten consecutive months, Li Auto achieved a new milestone with over 40,000 monthly deliveries, a strong testament to our ever-improving organizational capabilities across production, sales, and services.
  • “Li Auto has led the sales chart of SUVs priced above RMB300,000 for six straight months, becoming the best-selling premium brand among SUVs in China.

Sullivan Tire Announces Employee Stock Ownership Plan

Retrieved on: 
Friday, November 3, 2023

Sullivan Tire and Auto Service today announced a new Employee Stock Ownership Plan that will turn over ownership of the 68-year-old, family-owned company to its employees.

Key Points: 
  • Sullivan Tire and Auto Service today announced a new Employee Stock Ownership Plan that will turn over ownership of the 68-year-old, family-owned company to its employees.
  • “We are honored and proud that the future of Sullivan Tire will be shepherded by the people who have all played a role in helping us accomplish the brand recognition that is prevalent throughout New England,” said Paul Sullivan.
  • The foundation on which Robert J. Sullivan started Sullivan Tire in 1955 was, “Treat everyone, customers and fellow employees, as you would a member of your family,” and that tradition continues today.
  • Sullivan Tire continues to grow with more than 1,500 employees and locations in Massachusetts, New Hampshire, Rhode Island, Connecticut and Maine.

AWOIP Launches Expanded Insurance Program for Animal Welfare Organization Tangram Insurance

Retrieved on: 
Thursday, November 2, 2023

The program is designed to address the unique needs of all types of animal welfare organizations, including everything from small local rescues to larger exotic animal sanctuaries.

Key Points: 
  • The program is designed to address the unique needs of all types of animal welfare organizations, including everything from small local rescues to larger exotic animal sanctuaries.
  • Rekha Skantharaja, President and CEO of Tangram noted the key advantages of the program, "Our specialty program provides differentiated coverage for animal rescue, shelter, and sanctuary organizations that serve and protect animals.
  • Liberty Mutual's Tracey Sharis, President of Global Risk Solutions North American Programs, praised the program for addressing a key risk management challenge faced by animal welfare organizations across the country.
  • "The program effectively solves a growing challenge faced by animal welfare organizations trying to piece together multiple lines of business to cover critical loss exposures.

Drivers in Cleveland Can Now Apply Online for Vehicle Financing During a Purchase at Auto Simple

Retrieved on: 
Tuesday, October 31, 2023

CLEVELAND, Tenn., Oct. 31, 2023 /PRNewswire-PRWeb/ -- Auto Simple, a customer-oriented dealership dedicated to providing a seamless car-buying experience, is thrilled to remind customers of its online credit application tool. This innovative feature is designed to simplify and expedite the vehicle financing process for customers, allowing them to apply for credit online from their homes conveniently. With a commitment to enhancing customer satisfaction and convenience, Auto Simple prioritizes providing an efficient and hassle-free car purchasing journey.

Key Points: 
  • Customers who want to apply for vehicle financing can use the online credit application available at the Auto Simple dealership.
  • This innovative feature is designed to simplify and expedite the vehicle financing process for customers, allowing them to apply for credit online from their homes conveniently.
  • The online credit application tool on the Auto Simple website enables customers to initiate the financing process effortlessly.
  • In addition to the online credit application tool, Auto Simple provides expert guidance and support to customers throughout the financing process.

VinFast VF 8: The perfect combination of Aesthetics and Comfort

Retrieved on: 
Tuesday, October 24, 2023

As a pioneering force from Vietnam, VinFast prioritizes a customer-centric approach and designs products that excel in safety, convenience, aesthetics, and affordability.

Key Points: 
  • As a pioneering force from Vietnam, VinFast prioritizes a customer-centric approach and designs products that excel in safety, convenience, aesthetics, and affordability.
  • Our commitment, exemplified by the VinFast VF 8 , extends to making green mobility accessible to all, fostering a sustainable future.
  • Through collaboration with Pininfarina, an international design firm and torchbearer for Italian style, VinFast has crafted a vehicle that blends great looks with utility.
  • Whether for environmentally-conscious individuals or tech-savvy consumers, the VF 8 offers a compelling package that emphasizes the advantage of an electric car .

WHAT'S NEW: 2024 LEXUS LX 600

Retrieved on: 
Tuesday, October 24, 2023

The 2024 LX 600 carries over the updates and improvements from 2024.

Key Points: 
  • The 2024 LX 600 carries over the updates and improvements from 2024.
  • The 2024 LX 600 maintains the GA-F platform introduced in 2022, which increased body rigidity to achieve a smooth composure and superior comfort level, according to Lexus Driving Signature.
  • The LX comes standard with Lexus Safety System+ 2.5, which brings a suite of key active safety features to the vehicle.
  • The 2024 LX 600 will go on sale by the end of 2023.

Hozon Selects Wind River Linux to Develop Latest Software-Defined Vehicle Platform

Retrieved on: 
Tuesday, October 10, 2023

Wind River® , a global leader in delivering software for mission-critical intelligent systems, today announced that Hozon New Energy Automobile Co., Ltd., has selected Wind River Linux to develop the Hozon Automotive Intelligent Security Vehicle Platform.

Key Points: 
  • Wind River® , a global leader in delivering software for mission-critical intelligent systems, today announced that Hozon New Energy Automobile Co., Ltd., has selected Wind River Linux to develop the Hozon Automotive Intelligent Security Vehicle Platform.
  • “Wind River Linux can help innovators such as Hozon develop high-performance frameworks designed to accelerate the software-defined vehicle.”
    “Hozon is pushing the boundaries of innovation in its vehicle development,” said Dai Dali, chief technology officer, Hozon.
  • We believe that Wind River is an excellent partner.”
    The Hozon Automotive Intelligent Security Vehicle Platform is a hardware and software framework for high-performance computing gateways and vehicle control scheduled to go into production starting in 2025.
  • As the embedded industry’s most advanced Linux platform, Wind River Linux helps teams develop, deploy, and operate robust, reliable, and secure embedded solutions running on a purpose-built Linux operating system.

Dover Fueling Solutions Launches DX Promote Auto, a New Industry-Leading Managed Media Service

Retrieved on: 
Friday, October 13, 2023

The new service provides fueling and convenience retailers access to a dedicated team that creates and manages custom advertising, including short-form infotainment, national promotions and major oil content.

Key Points: 
  • The new service provides fueling and convenience retailers access to a dedicated team that creates and manages custom advertising, including short-form infotainment, national promotions and major oil content.
  • These advertisements save retailers time, drive in-store foot traffic, increase sales and enhance the customer experience at the pump.
  • "Many of our small- and medium-sized business customers want media but lack the time and resources to create compelling and trusted content themselves," said Scott Negley, Senior Director, Product Management at Dover Fueling Solutions.
  • With the Anthem UX platform increasing sales for promoted items by 51%, we know that targeted media is a powerful tool.

NanoXplore wins new business representing $24M in annual sales at mature volumes and announces the nomination of Jesse Stanley, COO of Shell Energy, to its board of directors

Retrieved on: 
Wednesday, September 20, 2023

Production for the first program will begin in 2024 while the start of production for the other two programs is planned for 2026.

Key Points: 
  • Production for the first program will begin in 2024 while the start of production for the other two programs is planned for 2026.
  • The Corporation estimates that these programs will generate $24M in annual sales at mature volumes along with a one-time tooling revenue of $10M.
  • Jesse C. H. Stanley has worked for Shell Energy North America, LLC as Chief Operations Officer since 2021.
  • Her broad range of experience in strategy, sales and marketing and supply chain operations will be beneficial to NanoXplore.”