This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
With Brightpicks ARR [annual recurring revenue] growing 8x in 2024 and our 2025 production capacity nearly fully booked, this funding will enable us to scale manufacturing and deployment to meet soaring demand for our AI robots and serve even more customers. In May, the company expanded its offerings for manufacturers.
Quebec-based electric-vehicle manufacturer Lion Electric Co. hid facts and details about its order book and production capacities from investors. The company’s order book was allegedly dwindling and deliveries were on the decline, affecting revenue, growth and liquidity.
As the automotive sector welcomes new technologies, analysts predict soon-to-come changes “not seen since the Model T Ford rolled into the production line in the early 1900s,” according to market research firm McKinsey. EV battery development is booming The EV market is driving a boom in EV battery development and manufacturing.
The electric vehicle markets are shaping up to be more diverse as larger, established companies like Porsche compete with smaller manufacturers. The global EV landscape is also more competitive than the automotive markets of previous decades, as more manufacturers — large and small — compete for space.
Pictured from left-to-right: Daniel Ross, Senior Automotive Analyst, Vehicle Valuations & Residuals, Canadian Black Book; Ken Maisonville, Director of National Sales, Hyundai Auto Canada; and Kelly-Ann Neary, Director of Sales, Data Licensing, Canadian Black Book (CNW Group/Hyundai Auto Canada Corp.).
Taking place in partnership with and supported by the UK government, the trip is part of a broader mission to boost trade and accelerate investment into the UK automotive sector, while also creating new international business opportunities, particularly with firms in the US. To book your place, contact the team at smmtsummit@smmt.co.uk.
Mitsubishi Electric is showcasing how its automation technologies can drive the entire electric vehicle value chain forward at the North East Automotive Expo 2022, taking place on 29th September 2022. The post Mitsubishi Electric’s Support for the Automotive Industry Highlighted at the North East Automotive Expo appeared first on i4.0
Messe Frankfurt UK, organisers of Automechanika Birmingham, has announced registration is now open for visitors to secure free tickets to its refreshed trade event, the Automotive Supply Chain Forum, in association with the Society of Motor Manufacturers and Traders (SMMT).
to reach 112,162 units in July, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). up on 2021 as manufacturers prioritise private customers. as manufacturers prioritise investment in zero emission vehicle production. UK new car registrations fell by -9.0% to 12,243 units to achieve a 10.9%
Heal, Bloomers, Hive, and Soulcore found to be four prominent archetypes for 2024-25 13 th February, Tuesday, Bengaluru: Nippon Paint India (Decorative) recently launched its Color Vision Book for 2024-2025 at Outdoor Connections, Bengaluru.
ATS Automation Tooling Systems announced that its industrial automation business has received an initial order booking valued at approximately US$70 million (or approximately C$90 million at current exchange rates). The order is from an existing global automotive customer. manufacturing operations.
Pricing and specifications for the Grenadier have been announced and order books opened in May 2022, with customers holding reservations now able to finalise their orders directly with INEOS online. Tell us about the manufacturing site in France? . Gary Pearson, Head of Sales & Marketing UK, MENA at INEOS Automotive.
1, 2023 /PRNewswire/ — Economic activity in the manufacturing sector contracted in August for the 10th consecutive month following a 28-month period of growth, say the nation’s supply executives in the latest Manufacturing ISM ® Report On Business ®. The report was issued today by Timothy R. Fiore , CPSM, C.P.M.,
Semiconductor insights Semiconductor production has declined but order books for semiconductor machinery are filling up. Global manufacturing growth in 2024 to be propped up by China; many other regions projected to experience a small contraction next year. Global manufacturing is expected to grow by 0.4% and by a further 2.8%
The projections came as Magna, which keeps its books in U.S. “Magna is a supplier to top auto manufacturers and should benefit from increasing production.” In its outlook, the Ontario-based auto parts company said that it now expects total sales for 2024 between US$42.2 billion and US$43.2 billion and US$44.1
Rick Seaberg has 10 years of experience as an injection mold designer, 15 years as a tooling engineer, 12 years as an engineering manager and two years as a plant manager across the consumer packaging, medical, automotive and optical industries. I thought this book would be exactly what I needed to understand people.
Maxim Group LLC is acting as sole book-runner in connection with the offering. The company intends to use the net proceeds from this offering for working capital and general corporate purposes, including research and development, as well as marketing and sales of its products.
Ahead of that, however, another automotive technological shift that received a boost this week was in the area of connected and automated mobility. Building on our international engagement, SMMT launched its 2024 calendar of overseas events during the week’s International Trade Week, with an India visit in January now open for bookings.
Since Japanese automotive company Toyota adopted a Just-in-Time (JIT) strategy for managing the arrival of raw materials for production in 1970s, the philosophy has increasingly influenced operations across the world. This is why logistics companies are deploying new strategies to streamline their supply chains.
As SMMT’s 25th Annual Sustainability Report published this week shows, vehicle manufacturers have more than halved the direct CO 2 footprint of their production compared to when the report’s monitoring first began in 1999. As always, book your place as soon as possible to avoid disappointment.
CAMBRIDGE — ATS Corporation announced its Industrial Automation business has received order bookings for automated battery assembly systems, as part of the continued capacity expansion in North America of an existing global automotive customer. ” The combined order bookings are valued at approximately US$81.3
The continued resilience of the UK’s manufacturing base has delivered a strong sales year for Yamazaki Mazak in the UK. Despite challenging conditions, the company has reported strong sales in key markets and machine categories as UK manufacturers continued to invest in new technologies.
An Innovate UK-backed start-up is to launch a ground-breaking digital marketplace for manufacturers to sell 3D printable car parts. At this much-anticipated event, attendees will be given a glimpse into the future of additive manufacturing and intellectual property protection.
Prestigious event almost sold out with guests from across automotive, adjacent sectors, government and the media. Entertainer and comedian Tom Allen has been announced as the celebrity guest speaker for the 107 th Society of Motor Manufacturers and Traders (SMMT) Annual Dinner, to be held this November in London.
Delhi, October 21, 2024 – OBSC Perfection Limited, a precision metal components manufacturer established in 2017, is set to open its SME IPO on October 22, 2024, with the subscription period closing on October 24, 2024. Anchor allotment is scheduled to be done on 21st October 2024. The IPO aims to raise ₹66.02 The IPO aims to raise ₹66.02
Chair of the Institute for Supply Management ® (ISM ® ) Manufacturing Business Survey Committee: “The April Manufacturing PMI ® registered 47.1 Chair of the Institute for Supply Management ® (ISM ® ) Manufacturing Business Survey Committee: “The April Manufacturing PMI ® registered 47.1 percent, 0.8
says its industrial automation business has received order bookings totalling USD $140 million from an existing global automotive customer. ATS reportedly employs over 6,000 people at more than 50 manufacturing facilities and over 75 offices in North America, Europe, Southeast Asia and China.
Today, SMMT has published the UK’s latest commercial vehicle manufacturing figures with 14,643 units leaving production lines in September – year on year growth of more than a quarter (25.9%), driven by exports as more than six in 10 (63.3%) British-built CVs headed abroad.
GreenPower manufactures a suite of all-electric, purpose-built, zero-emission vehicles that serves the cargo and delivery market, shuttle and transit space and school bus sector. “The mix of funding from EDC is a great fit with our production requirements and fulfilling our order book without shareholder dilution.”
Nashvilles strategic location in the heart of the Southeast manufacturing corridor allows easy access to a wealth of resources and expertise. Book now to secure the best rates and take advantage of this limited time offer! Visit our Hotel and Travel page to reserve your stay today. Why Attend? Dont miss out on this incredible event!
For instance, it successfully tapped into the demand for long-term rentals, reporting an over 41% increase in the booking of long-term rentals in 2021. The post Latest Strategic Acquisition in Carsharing Market Underlines How Automotive Companies are Striving to Become Mobility Service Providers appeared first on Frost & Sullivan.
Northvolt says it will continue construction of a $7-billion factory on Montreal’s South Shore “as planned” — hours after its CEO said the Swedish battery manufacturer would hit the brakes on its international development plan to refocus on its plant back home.
The UK automotive industry has long been renowned for its cutting-edge innovation, R&D and manufacturing excellence, driven on all fronts by a highly skilled and flexible workforce. For further details and to book, get in touch with SMMT Events. The industry must now carefully plan how it can find the best-in-class recruits.
Pandemic-induced supply chain bottlenecks for established manufacturers are leading to a slow clearing of full order books – one of the reasons why Chinese robot manufacturers are in higher demand than ever before. The automotive industry remains a major consumer of industrial robots, with Germany standing out.
The auto parts maker, which keeps its books in U.S. Magna International Inc. raised its dividend as it reported its fourth-quarter profit and sales rose compared with a year ago. dollars, says it will pay a quarterly dividend of 47.5 cents US per share, up from 46 cents US per share.
Today, ASTM International standards are widely used in many industries, including construction, manufacturing, transportation, and energy, among others. Click here: Why is it important to understand what standards are and why they are so critical for industries such as aerospace, automotive, engineering and construction.
million in the same quarter last year as it faced higher manufacturing costs related to the ramp up of new products. The maker of all-electric medium and heavy-duty vehicles, which keeps its books in U.S. The Lion Electric Co. says it lost US$21.7 million in its latest quarter compared with a loss of US$15.6
The company received the order booking from an existing global automotive customer towards expanding the capacity of its automated battery module and pack assembly systems for operations within North America. The booking is valued at approximately US$167 million. It is subject to customary conditions.
1, 2023 /PRNewswire/ — Economic activity in the manufacturing sector contracted in November for the 13th consecutive month following a 28-month period of growth, say the nation’s supply executives in the latest Manufacturing ISM ® Report On Business ®. A Manufacturing PMI ® above 48.7 Fiore , CPSM, C.P.M.,
CAMBRIDGE — ATS Corporation’s Industrial Automation business received additional order bookings for automated battery assembly systems, as part of the planned capacity expansion in North America of an existing global automotive customer. The combined order bookings are valued at approximately US$119.9 ”
machine tool buyers, in particular job shops and smaller manufacturing enterprises. ” These trends are shown in our 2024 Capital Spending forecast, which projects that large manufacturers will account for a significantly larger portion of spending than is typical for this market. manufacturers large and small.
Today, ASTM International standards are widely used in many industries, including construction, manufacturing, transportation, and energy, among others. Click here: Why is it important to understand what standards are and why they are so critical for industries such as aerospace, automotive, engineering and construction.
based auto parts manufacturer, which keeps its books in U.S. Magna International Inc. says its second-quarter profit tumbled from a year ago to US$328 million. The Aurora, Ont.-based dollars, says those earnings compared with US$354 million a year earlier. The results for the period ended June 30 amounted to US$1.09 a year ago.
The fundamentals of the sector are strong: we are leaders in advanced manufacturing and engineering, strong on R&D, strong on innovation and underpinned by a highly productive, skilled, and flexible workforce – strengths upon which we must build. The post Attracting investment is key to electrifying UK Auto appeared first on SMMT.
We organize all of the trending information in your field so you don't have to. Join 45,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content