Automotive

Stoof International GmbH Presents Specially Protected Vehicles and Innovative Security Concepts at Security Essen 2024

September 17, 2024 9:15 AM

BRUSSELS, BELGIUM / ACCESSWIRE / September 17, 2024 / STOOF International GmbH, a leading global supplier of armoured vehicles and security equipment, is pleased to announce its participation in Security Essen 2024. The trade fair, which will take place in Essen from 17 to 20 September 2024, is one of the world's most important platforms for security and fire protection solutions. As a high-performance company in the security industry,...

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VinFast Officially Launches the VF 3 Electric Vehicle in the Philippines

September 17, 2024 8:30 AM

From September 19 to 30, early customers who reserve the VF 3 will enjoy several attractive incentives and privileges, including a special price of 605,000 pesos (battery subscription) or 705,000 pesos (battery included). After this period, the prices will revert to the MSRP of 645,000 pesos (battery subscription) and 745,000 pesos (battery included). VinFast VF 3 model is officially launched in the Philippines market. Additionally, early VF 3...

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Vision Marine Technologies Announces Closing of Common Share Offering

September 16, 2024 5:00 PM

Vision Marine Technologies, Inc. (Nasdaq:VMAR) ("Vision Marine" or the "Company"), a pioneer in electric marine propulsion, today announced the closing of its previously announced best-efforts offering of 3,400,000 common shares. Each common share was sold at an offering price of $1.00 per share, for gross proceeds of $3.4 million, before deducting placement agent fees and other offering expenses. All the shares in the offering were offered by...

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The EIB and Stark Future sign a €40 million loan to invest in innovation and new solutions for the electric motorcycle sector

September 16, 2024 3:45 PM

The European Investment Bank (EIB) and Stark Future S.L. have signed a €40 million credit facility to finance the company's research, development and innovation activities in the electric motorcycle sector. Stark Future is a pioneering company in the premium electric motorcycle industry headquartered in Sant Boi de Llobregat, Spain. The funding will also finance the scaling-up of Stark Future's manufacturing capacity, contributing to the...

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Elektros and Next Realm AI to Revolutionize Energy Efficiency in Data Centers with Renewable Power Solutions

September 16, 2024 8:00 AM

SUNNY ISLES BEACH, FL / ACCESSWIRE / September 16, 2024 / Elektros (OTC PINK:ELEK), an emerging force in electric mobility, has entered into a Memorandum of Understanding (MOU) with Next Realm AI to spearhead renewable energy innovations tailored for the data center industry. As global AI adoption accelerates, so does the demand for reliable and sustainable energy solutions. AI workloads are rapidly increasing, and data centers are expected to...

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Vision Marine Technologies Announces $3.4 Million Offering

September 13, 2024 2:15 PM

MONTREAL, QC / ACCESSWIRE / September 13, 2024 / Vision Marine Technologies, Inc. (Nasdaq:VMAR) ("Vision Marine" or the "Company"), a pioneer in electric marine propulsion, today announced the pricing of a best-efforts offering of 3,400,000 common shares. Each common share is being sold at an offering price of $1.00 per share. All of the common shares in the offering are being offered by the Company. Total gross proceeds from the offering,...

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Railway Telematics Industry Poised for 7.1% CAGR Growth by 2033 as Innovations in Predictive Maintenance, Fleet Operations, and Smart Railcar Tracking Lead the Way | Future Market Insights, Inc.

September 13, 2024 3:30 AM

The global railway telematics market is set to experience substantial growth in the coming decade, driven by advancements in telematics technology and the increasing demand for secure, efficient transportation systems. The market, valued at approximately USD 6.23 billion in 2022, is expected to grow at a CAGR of 7.1% between 2023 and 2033. By the end of this period, the market is projected to reach a value of USD 13.32 billion. Key factors...

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EV Charging Station Market Set to Experience Exponential Growth Amid Rising EV Adoption and Technological Advancements | Future Market Insights, Inc.

September 12, 2024 2:50 AM

The global EV Charging Station Market, valued at USD 22.9 billion in 2023, is projected to skyrocket to an impressive USD 122.8 billion by 2033, driven by an 18.3% compound annual growth rate (CAGR) over the forecast period. With electric vehicle (EV) adoption accelerating worldwide, the demand for efficient, widely accessible charging infrastructure is expected to increase significantly. The expansion of the EV Charging Station Market is...

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EVCS and Kitsap Bank Expand EV Charging in Washington State

September 11, 2024 1:00 PM

EVCS, one of the largest electric vehicle (EV) fast-charging network operators on the West Coast, and Kitsap Bank, a local, independent, family and women-owned community bank, are proud to announce a significant expansion of their EV charging infrastructure across Washington State. This initiative aims to bolster the state's electrification efforts, with the first of four planned locations at Kitsap Bank branches now operational and open to the...

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CollisionRight Reaches 100 Collision Repair Shops

September 11, 2024 11:00 AM

COLUMBUS, OH / ACCESSWIRE / September 11, 2024 / CollisionRight LLC, a leading regional multi-shop collision repair operator, today announced the acquisition of its 100th shop. The milestone was reached within four years of the company's founding, culminating in the rapid implementation of its initial market-entry campaign and setting the stage for an equally aggressive growth strategy that aims to increase CollisionRight's footprint threefold...

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Vicinity Motor Corp. Provides Update on Filing of Quarterly Financial Statements

September 11, 2024 7:00 AM

VANCOUVER, BC / ACCESSWIRE / September 11, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles today provides an update to its news release dated August 14, 2024 (the "Announcement") announcing its request for a management cease trade order (the "MCTO") relating to the late filing of the Company's interim financial statements, MD&A and applicable CEO and CFO...

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ePropulsion Teams Up with Vision Marine Technologies to Unveil and Propel the Phantom Plastic Boat

September 10, 2024 8:30 AM

Vision Marine Technologies, Inc. (NASDAQ:VMAR) ("Vision Marine" or the "Company"),a pioneer in electric marine propulsion, announces its strategic alliance with ePropulsion to empower the groundbreaking Phantom Boat, crafted from innovative plastic rotomolding technology. Following its debut at the Miami International Boat Show, the Phantom is set to showcase a customized electric ePropulsion system. In this partnership, the Phantom will be...

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Elektros Partners with Next Realm AI for Sustainable Data Centers

September 10, 2024 8:00 AM

Elektros (OTC PINK:ELEK) ("Elektros" or "the Company"), an emerging leader in the electric mobility industry, announced it has signed a Memorandum of Understanding (MOU) engaging Next Realm AI as lead project manager around renewable energy solutions for the data center industry. Next Realm AI will lead focus on strategic partnerships for renewable energy solutions around solar power and advanced battery storage, with Lithium from Elektros'...

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Phoenix Motor Reschedules Q1 Earnings Call to September 23

September 9, 2024 4:05 PM

The Company reiterates its record revenue guidance for Q1 2024 ANAHEIM, CA / ACCESSWIRE / September 9, 2024 / Phoenix Motor Inc. (Nasdaq:PEV), a leading manufacturer of heavy-duty transit buses and electrification solutions provider for medium-duty vehicles, today reiterated its guidance for the first quarter of 2024. The Company expects to report a record $9.4 million in revenue for the first quarter, exceeding the previously issued guidance...

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Tidal Wave Auto Spa's Annual Charity Day Event Recognized for Excellence in Philanthropy & Corporate Giving

September 9, 2024 3:45 PM

Top Four Conveyor Car Wash Company Wins a Gold Brandon Hall Group HCM Excellence Award Ahead of Company's 16th Annual Event on September 20th THOMASTON, GA / ACCESSWIRE / September 9, 2024 / Tidal Wave Auto Spa's Charity Day, the company's annual one-day philanthropy event in which the company donates 100% of wash proceeds to local charities and organizations, won a coveted Gold Future of Work Brandon Hall Group™ HCM Excellence Award® for Best...

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Trends in Hybrid Cars: Global Plug-in Hybrid Electric Vehicle Market Outlook 2024 - 2034 | Future Market Insights, Inc.

September 4, 2024 6:15 AM

In the latest report by Future Market Insights, the plug-in hybrid electric vehicle (PHEV) market is projected to reach a valuation of USD 35,927.40 million by 2024. This growth trend is expected to persist, with the market forecasted to expand significantly, reaching USD 186,450.62 million by 2034. The plug-in hybrid electric vehicle market is anticipated to achieve a robust Compound Annual Growth Rate (CAGR) of 17.9% over this period....

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Driving Innovation: The Surge in India Automotive Stamping Market Fueled by Lightweight Materials | Future Market Insights, Inc.

September 4, 2024 12:00 AM

In 2024, the India automotive stamping market is projected to be valued at USD 5,109.3 million. By 2034, it is expected to grow to USD 9,416 million, achieving a compound annual growth rate (CAGR) of 6.3% over the forecast period. The market revenue for 2023 was USD 4,823.1 million, with a year-over-year growth rate of 5.9% anticipated for 2024. This forecast suggests a nearly 1.9-fold increase in value throughout the study period. Understanding...

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Elektros Advances Sierra Leone Lithium Project Amidst Key Developments

September 3, 2024 8:00 AM

Elektros (OTC PINK:ELEK) ("Elektros" or "the Company"), a leading innovator in electric mobility, today announced significant progress on its Sierra Leone lithium project, signaling a robust acceleration of its operations. The company has successfully filed for critical licenses and permits, underlining its commitment to adhering to regulatory standards and maintaining sustainable mining practices. Reflecting its strong operational momentum,...

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PowerBand Announces Appointment of New Strategic Advisor to the Board and $10 Million Private Placement of Common Shares

September 3, 2024 7:15 AM

PowerBand Solutions Inc. (TSXV:PBX)(OTC PINK:PWWBF)(Frankfurt:1ZVA) ("PowerBand", "PBX" or the "Company"), a fintech platform targeting formation of lease originations for the automotive industry, announces that it has entered into a Strategic Advisory Agreement with John Wimsatt, former Chief Investment Officer at ECN Capital Corp. (TSX: ECN) ("ECN"), to act as an advisor to the Board of PowerBand Solutions Inc. The Company has also approved,...

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AAMC Revolutionises Motor Vehicle Accident Management with Advanced Claims Solutions

August 30, 2024 8:40 AM

BRISBANE, AUSTRALIA / ACCESSWIRE / August 30, 2024 / AAMC, a premier provider of motor vehicle accident management services, is setting a new standard in the industry with its innovative approach to Repair Management and in particular, Intermediated Motor Claims. Established in 2002, AAMC has grown to become a nationwide leader, known for its comprehensive solutions that cater to the unique needs of insurers, brokers, and their clients across...

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