FLIR Systems bags US Army contract for Kobra robot under CRS-H program

(adsbygoogle = window.adsbygoogle || []).push({}); FLIR Systems said that its Kobra robot has been selected for the US Army’s Common Robotic System-Heavy (CRS-H) program under a five-year production contract worth up to $109 million. Under the contract, the Oregon-based industrial technology company will build more than 350 unmanned More...

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By businessnewstoday On Friday, November 22nd, 2019
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Ideanomics’ MEG bags order for 2,300 EV Taxis in China

US-based fintech company Ideanomics said that its Mobile Energy Global (MEG) division has bagged an order for 2,300 EV Taxis from the City of Guilin in the Chinese province Guanxi from QuianXi. Ideanomics said that More...

By businessnewstoday On Friday, November 8th, 2019
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Lordstown Motors buys factory for manufacturing Endurance pickup trucks

US electric automaker Lordstown Motors (LMC)  has acquired the GM manufacturing complex in Lordstown, Ohio in a move to start production of the Endurance pickup truck, an all-electric pickup truck purpose-built More...

By Raghuram Kadari On Wednesday, November 6th, 2019
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Metawave to accelerate autonomous vehicle innovation after initial Series A funding

Metawave Corporation, a US smart radar startup for the automotive industry, has raised an undisclosed amount of investment through its first Series A funding. Metawave is developing an advanced analog beamsteering More...

By businessnewstoday On Saturday, November 2nd, 2019
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Cooper to take full ownership in Mexican tire manufacturing facility

Cooper Tire & Rubber Company is set to take full ownership in Corporación de Occidente (COOCSA), its joint venture tire manufacturing facility in Mexico with Trabajadores Democraticos de Occidente (TRADOC). Currently, More...

By businessnewstoday On Sunday, October 27th, 2019
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Space tourism operator Virgin Galactic wraps up $450m merger with SCH

US aerospace company Virgin Galactic (VG), which is embarking on making human spaceflight possible for private individuals and researchers, has completed its previously announced $450 million merger deal with public More...

By Raghuram Kadari On Thursday, September 26th, 2019
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Huntkey to launch Oucica car air purifier at Hong Kong trade fair

Huntkey, a Chinese power solutions provider, will introduce and display the new Oucica car air purifier at Global Sources Consumer Electronics Trade Fair to be held from 11-14 October 2019 in Hong Kong. The new More...

By Raghuram Kadari On Wednesday, September 25th, 2019
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Hyundai, Aptiv join forces to standardize autonomous driving platform by 2022

Hyundai Motors, a South Korean automotive manufacturer, and Aptiv, an Ireland-headquartered auto parts company, will establish a joint venture (JV) with an enterprise value of US$ 4 billion. The 50-50 partnership More...

By Raghuram Kadari On Thursday, September 12th, 2019
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Cox Automotive invests $350m in US electric vehicle manufacturer Rivian

Cox Automotive investment in Rivian : US electric vehicle manufacturer Rivian has secured an equity investment of $350 million from automotive services company Cox Automotive, an Atlanta-based business unit of Cox More...

By Raghuram Kadari On Wednesday, September 4th, 2019
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EDF Renewables to ramp up large-scale EV infrastructure deployment through PowerFlex

EDF Renewables North America, a subsidiary of EDF Renewables, has acquired PowerFlex Systems, a California-based managed electric vehicle (EV) charging technology provider, for an undisclosed amount. The transaction More...