SUZHOU, China, Aug. 4, 2021 — Nexteer Automotive, a leader in intuitive motion control, announced its China production milestone of two million Rack-Assist Electric Power Steering (REPS) systems at its Nexteer Suzhou Plant. "Since the production of REPS began in…
iPower Inc Doubles Warehouse Capacity with New Facility in California
DUARTE, Calif., Aug. 3, 2021 — iPower Inc. (Nasdaq:IPW), one of the leading online hydroponic equipment suppliers and retailers in the United States, today announced that it has entered into an agreement to lease a new warehouse and logistics facility in Rancho Cucamonga, CA. "With the ongoing strong demand for hydroponics…
Chinese Giants GAC and Huawei Will Work Together to Develop a Smart SUV
GUANGZHOU, China, Aug. 2, 2021 — On July 9, 2021, GAC Group officially announced an exciting joint project with tech giant Huawei: the two firms will work together to develop a "smart SUV", aiming to hit the market in mass production by the end of 2023. …
MissFresh Launches in Ningbo, Adding 17th City as National Expansion Gains Pace
NINGBO, China, Aug. 1, 2021 — MissFresh Limited ("MissFresh" or the "Company") (NASDAQ: MF), an innovator and leader in China’s neighborhood retail industry, has launched its Distributed Mini Warehouse-supported fast home delivery operations in Ningbo, offering a range of more than 4,300 products to be delivered in 39 minutes on…
UL Acquires Method Park
The acquisition deepens UL’s automotive and medical device sector safety and security expertise. NORTHBROOK, Ill., July 21, 2021 — UL, the global safety science leader, today announced its acquisition of German-based Method Park, a company specializing in process engineering, software solutions, training and…
Dynamic Solutions HK Limited Set to Trial Wireless Electric Car Charging
HONG KONG, July 20, 2021 — Technology start-up Dynamic Solutions HK Limited has revealed it will begin trialling wireless charging devices that will charge electronic vehicles as they are parked. The innovative induction pads will be installed at the firms’ test center, with in-depth trials expected to start early next month. David Zhongyi,…
eCommerce to Emerge as Mainstream Distribution Channel in Global Automotive Aftermarket by 2025
Revenues from online sales in the aftermarket are estimated to grow at 14% in 2021, finds Frost & Sullivan SANTA CLARA, Calif., July 13, 2021 — Frost & Sullivan’s recent analysis, Global Aftermarket Outlook, 2021, finds that the global automotive aftermarket will gather momentum this year as a slowdown in…
KYMCO and Taiwan Taxi Announce Partnership to Electrify Taiwan’s Largest Two-wheeler B2B Delivery Fleets with Ionex
TAIPEI, July 9, 2021 — KYMCO announced a strategic partnership with Taiwan Taxi to transform the 26,000 two-wheeler delivery fleets operated by its subsidiary GBG Express to Ionex electric vehicles. GBG Express is the largest B2B delivery company in Taiwan specializing in last-mile delivery. It has 40,000 corporate clients from…
Meituan Unveils Self-Developed Drone Model, Plans for Drone Logistics Network at 2021 World Artificial Intelligence Conference
HONG KONG, July 8, 2021 — Meituan (HKG: 3690) (the "Company"), China’s leading e-commerce platform for services, today introduced a new, self-developed drone model and announced plans for a drone logistics network pilot program in Shanghai. The announcement was made at the 2021…
Suning.com Empowers Local Rice Brand with Tailored Farm-To-Table Approach During 618 Shopping Festival
NANJING, China, July 2, 2021 — Suning.com ("the Company"; 002024.SZ), China’s leading smart retail service provider and a Fortune Global 500 company owned by Suning Group, has successfully boosted the sales of high-quality agricultural products and brought a change to local agricultural brands with its industry-leading strengths in supply chain, logistics and retail sales,…