Volkswagen Group

Sion Power Adds Automotive Veteran Stefan Jacoby as Chairman of the Board

Retrieved on: 
Tuesday, December 12, 2023

Sion Power Corporation , a leading technology developer of next-generation batteries for electric vehicles (EV), announces the addition of Stefan Jacoby as Chairman of the Board.

Key Points: 
  • Sion Power Corporation , a leading technology developer of next-generation batteries for electric vehicles (EV), announces the addition of Stefan Jacoby as Chairman of the Board.
  • Mr. Jacoby has more than three decades of experience in the automotive industry and has been involved in the transformative move to autonomous and electrified vehicles.
  • “The addition of Stefan as our new Chairman is as testament of our commitment towards advancement into the automotive sector.
  • Stefan’s rich knowledge and automotive pedigree will better position our company to meet industry needs,” said Tracy Kelley, CEO of Sion Power.

SoftBank Corp. Invests in Cubic Telecom to Pioneer the Future of Software-Defined Connected Vehicles and IoT Assets Globally

Retrieved on: 
Tuesday, December 5, 2023

With this investment, SoftBank and Cubic Telecom will form a strategic global partnership to pioneer the future of software-defined connected vehicles and other high-value Internet-of-Things (IoT) assets*4 by harnessing the power of global connectivity platforms.

Key Points: 
  • With this investment, SoftBank and Cubic Telecom will form a strategic global partnership to pioneer the future of software-defined connected vehicles and other high-value Internet-of-Things (IoT) assets*4 by harnessing the power of global connectivity platforms.
  • Three Board seats will continue to be held by Cubic Telecom’s existing shareholders, including CARIAD (Volkswagen Group) and Qualcomm, and with the close of the investment, Cubic Telecom will become a consolidated subsidiary of SoftBank.
  • In connection with the transaction, Jefferies (as lead financial adviser) and EY Corporate Finance provided advice to Cubic Telecom.
  • *4 Other high-value IoT assets include motorcycles, heavy goods vehicles, commercial fleets, agriculture vehicles, heavy machinery and drones.

United States Electric Vehicle Market Outlook Reveals Growth Trajectory Through 2028 Amidst Advancements in EV Technology and Infrastructure

Retrieved on: 
Thursday, December 7, 2023

DUBLIN, Dec. 7, 2023 /PRNewswire/ -- The "United States Electric Vehicle Market Competition Forecast & Opportunities, 2028" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Dec. 7, 2023 /PRNewswire/ -- The "United States Electric Vehicle Market Competition Forecast & Opportunities, 2028" report has been added to ResearchAndMarkets.com's offering.
  • This report analyzes the growth patterns, competitive landscape, and future opportunities in the United States Electric Vehicle (EV) market.
  • Insights into vehicle type segmentation, propulsion systems, range, battery capacities, and regional market dynamics offer a detailed overview of the industry's progression through 2028.
  • With an increasing focus on sustainability and technological advancements, the EV market is poised for robust growth over the next few years.

Electric Motorcycle Market size to grow by USD 109.78 billion from 2022 - 2027| The increase in demand for e-motorcycles to drive the market growth- Technavio

Retrieved on: 
Wednesday, December 6, 2023

The market size is set to grow by USD 109.78 billion between 2022 and 2027 and register a CAGR of 24.05%.

Key Points: 
  • The market size is set to grow by USD 109.78 billion between 2022 and 2027 and register a CAGR of 24.05%.
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    The increase in demand for electric motorcycles is significantly driving the growth of the e-motorcycles market.
  • In recent years, there has been a significant rise in the demand for electric motorcycles and similar environmentally friendly alternatives.
  • High-performance Electric Motorcycle Market : The high-performance electric motorcycle market size is estimated to grow at a CAGR of 9.65% between 2022 and 2027.

Mobility-as-a-Service Market to grow at a CAGR of 33.84% by 2027, The increase in the use of smart connected devices is notably driving market growth - Technavio

Retrieved on: 
Tuesday, December 5, 2023

The increase in the use of smart connected devices is notably driving market growth.

Key Points: 
  • The increase in the use of smart connected devices is notably driving market growth.
  • The number of connected devices is increasing and is making it difficult to manage, monitor, and maintain the devices for organizations.
  • High bandwidth is needed to connect multiple devices to transfer data between servers and smart devices.
  • Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources.

In-Car Wi-Fi Market to grow by USD 270.53 billion from 2023 to 2028 | Market is fragmented due to the presence of prominent companies like AB Volvo, Bayerische Motoren Werke AG and BYD Co. Ltd., and many more - Technavio

Retrieved on: 
Thursday, November 30, 2023

The in-car Wi-Fi market is fragmented owing to the presence of many global and regional companies.

Key Points: 
  • The in-car Wi-Fi market is fragmented owing to the presence of many global and regional companies.
  • A few prominent companies that offer in-car Wi-Fi market are AB Volvo, Bayerische Motoren Werke AG, BYD Co. Ltd., Chongqing Changan Automobile Co. Ltd., Dr. Ing.
  • Europe will have the largest share of the market, with a contribution of 50% to the global market growth.
  • The automotive rear-seat infotainment market size is estimated to grow at a CAGR of 11.92% between 2022 and 2027.

Motor Racing Telematics (MRT) Market to grow by USD 241.43 million from 2022 to 2027 | Market is fragmented due to the presence of prominent companies like Agero Inc., Airbiquity Inc. and Aptiv Plc, and many more - Technavio

Retrieved on: 
Wednesday, November 29, 2023

The motor racing telematics (MRT) market is fragmented owing to the presence of many global and regional companies.

Key Points: 
  • The motor racing telematics (MRT) market is fragmented owing to the presence of many global and regional companies.
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    Agero Inc. - The company offers motor racing telematics such as Agero connected vehicle service.
  • Airbiquity Inc. - The company offers motor racing telematics such as Airbiquity safety and security software.
  • The automotive telematics market size is estimated to grow at a CAGR of 18.34% between 2022 and 2027.

Electric Motorcycle Market to grow by USD 109.78 billion from 2022 to 2027- Technavio

Retrieved on: 
Tuesday, November 14, 2023

NEW YORK, Nov. 14, 2023 /PRNewswire/ -- The electric motorcycle market is estimated to grow by USD 109.78 billion from 2022 to 2027, growing at a CAGR of 24.05%.

Key Points: 
  • NEW YORK, Nov. 14, 2023 /PRNewswire/ -- The electric motorcycle market is estimated to grow by USD 109.78 billion from 2022 to 2027, growing at a CAGR of 24.05%.
  • The electric motorcycle market is fragmented owing to the presence of many global and regional companies.
  • China, with its large population and government support for electric vehicles, commands the largest market share, with electric motorcycle sales in 2022 expected to surpass 1.28 million units.
  • The high-performance electric motorcycle market size is estimated to grow at a CAGR of 9.65% between 2022 and 2027.

FLEETCOR Reports Third Quarter 2023 Financial Results

Retrieved on: 
Wednesday, November 8, 2023

FLEETCOR Technologies , Inc. (NYSE: FLT), a leading global business payments company, today reported financial results for its third quarter ended September 30, 2023.

Key Points: 
  • FLEETCOR Technologies , Inc. (NYSE: FLT), a leading global business payments company, today reported financial results for its third quarter ended September 30, 2023.
  • Net income increased 9% to $271.5 million in the third quarter of 2023, compared to $248.9 million in the third quarter of 2022.
  • EBITDA1 increased 13% to $528.9 million in the third quarter of 2023, compared to $466.4 million in the third quarter of 2022.
  • The Company will host a conference call to discuss third quarter 2023 financial results today at 5:30 pm ET.

Aeva Reports Third Quarter 2023 Results

Retrieved on: 
Wednesday, November 8, 2023

Aeva ® (NYSE: AEVA), a leader in next-generation sensing and perception systems, today announced its third quarter 2023 results.

Key Points: 
  • Aeva ® (NYSE: AEVA), a leader in next-generation sensing and perception systems, today announced its third quarter 2023 results.
  • Subsequent to the quarter end, Aeva made the strategic decision to bolster its balance sheet with additional capital and entered into agreements for a capital raise of $145 million with existing long-term stockholders.
  • In addition, on November 8, 2023, the Company entered into a Standby Equity Purchase Agreement (the “Facility Agreement”) with Sylebra.
  • Aeva will host a conference call and live webcast to discuss results at 2:30 p.m. PT / 5:30 p.m.