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Fisker’s Record Sales: Strategic Success
Fisker Inc., a leader in electric vehicle innovation, recently achieved a significant milestone in its sales and distribution strategy. On November 16, Fisker set a new record by delivering 107 of its Fisker Ocean SUVs in a single day. This achievement is a direct result of the company’s revamped distribution strategy, which aims to enhance…
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Xiaomi revenue edges higher but profit leaps on cost savings
BEIJING, Nov 20 (Reuters) – Xiaomi Corp (1810.HK) reported a small increase in revenue for the third quarter, though smartphone shipments were flat as China’s economic recovery struggled to gather momentum. Te smartphone maker’s sales totalled 70.9 billion yuan ($9.83 billion), beating an average estimate of 70.2 billion yuan from 13 analysts polled by LSEG.…
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Panasonic shares surge as stake sale plan sparks restructuring hopes
TOKYO, Nov 20 (Reuters) – Shares of Japan’s Panasonic Holdings (6752.T) have rallied about 10% since it announced on Friday a plan to sell a stake in its automotive systems business and the unit’s potential listing raised broader restructuring hopes. The shares surged for a second session on Monday after posting their biggest one-day jump…
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GM’s Cruise CEO resigns amid concerns over driverless car safety
The founder of General Motors-owned Cruise has stepped down less than a month after the driverless car company paused operations after an accident and the loss of permission to operate in California. Kyle Vogt did not give a reason for his departure from the company that he started in 2013 before it was bought by…
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MLCommons Consortium Chooses Cognata’s Synthetic Dataset to Set Industry Benchmarks
The MLCommons cognata’s benchmark dataset is now available for MLCommons members working on automotive benchmarks REHOVOT, Israel, Nov. 20, 2023 /PRNewswire/ — Cognata LTD announces today that MLCommons, a leading global engineering consortium, has officially selected Cognata’s high-precision AI simulation dataset for use in the MLPerf Automotive benchmark suite. Rooted in cutting-edge technology, Cognata’s automotive-grade, digital…
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How is Southeast Asia’s charge to EVs going?
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Automotive Cyber Security Rises the Autonomous Technology
Table of Contents Introduction According to Automotive Cyber Security Statistics, The automotive industry’s digital transformation has increased vehicle connectivity and brought cybersecurity challenges. Automotive cybersecurity protects vehicles and passengers from cyber threats, including hacking, malware, and data breaches. Governments and industry organizations have introduced regulations to ensure cybersecurity measures are in place. Challenges include complex…
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Thyssenkrupp Steel lays foundation stone for 800-million-euro investment
DUISBURG (dpa-AFX) – Germany’s largest steel manufacturer Thyssenkrupp Steel is starting an 800 million euro modernization of several production facilities in Duisburg on Monday. North Rhine-Westphalia’s Economics Minister Mona Neubaur (Greens), Thyssenkrupp Steel CEO Bernhard Osburg and SPD Chairman Lars Klingbeil will be among those attending the laying of the foundation stone for the major…
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Advancing Pakistan’s EV Policy
Earlier this month, the government of Punjab declared a smog emergency. A few days later, the Lahore High Court ordered school and office closures twice a week to mitigate smog in the largest city of Punjab. According to a 2018 study, air pollution comes from vehicular emissions, industry and agriculture through crop burning.The electric vehicle…
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Garrett Motion White Paper Tackles Key Question Regarding Vehicle CO2 Emissions: “Is the automotive industry’s transition to ‘all-electric’ the most effective way to decarbonise European transport?”
November 19, 2023 Vehicle lifecycle study (LCA) evaluates the years of use required for battery electric vehicles (BEVs) and hybrids to off-set the significant amount of C02 emissions generated during battery production. Focused on Europe, the study considers various factors including multiple electrified technology options, vehicle segments, average annual vehicle use ranges, as well as…