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Activities between Nov. 15, 2024, 7:58 p.m. and Nov. 22, 2024, 7:58 p.m.
from: Automakers And Technology Firms.
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Document Date: Nov. 21, 2024, 9:34 p.m. / Source: Sifted
Activity Class: CorporateFinanceActivity
/ Type: Investment
/ Region: United States
Investor:
- Scania
/ Industry: Automakers And Technology Firms, Automotive And Technology and 2 more
Target:
- Northvolt
/ Industry: Battery Business, Battery Management Technology and 3 more
Document Extract: European climate tech poster child Northvolt is filing for Chapter 11 bankruptcy in the US after months of trying to secure fresh capital from investors.
Document Source: https://sifted.eu/articles/northvolt-bankruptcy-us-news
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Document Date: Nov. 21, 2024, 9:34 p.m. / Source: Sifted
Activity Class: CorporateFinanceActivity
/ Type: Bankruptcy
/ Region: United States
Vendor:
- Northvolt
/ Industry: Battery Business, Battery Management Technology and 3 more
Document Extract: Northvolt files for Chapter 11 bankruptcy in the US.
Document Source: https://sifted.eu/articles/northvolt-bankruptcy-us-news
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Document Date: Nov. 21, 2024, 9:34 p.m. / Source: Sifted
Activity Class: CorporateFinanceActivity
/ Type: Bankruptcy
/ Region: United States
Vendor:
- Northvolt
/ Industry: Battery Business, Battery Management Technology and 3 more
Buyer:
- Scania
/ Industry: Automakers And Technology Firms, Automotive And Technology and 2 more
Document Extract: European climate tech poster child Northvolt is filing for Chapter 11 bankruptcy in the US after months of trying to secure fresh capital from investors.
Document Source: https://sifted.eu/articles/northvolt-bankruptcy-us-news
(archive.org page /
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Document Date: Nov. 20, 2024, 5 a.m. / Source: PR Newswire
Activity Class: CorporateFinanceActivity
/ Type: Acquisition
/ Region: Bailiwick of Jersey
Vendor:
Buyer:
Participant:
Target:
Document Extract: Performance Brokerage Services, the leader in dealership buy-sell activity, announces the sale of Vann Chrysler Dodge Jeep Ram in Vineland, New Jersey from George Vanderheyden to Cumberland County Auto Group.
Document Source: https://www.prnewswire.com/news-releases/performance-brokerage-services-advises-on-the-sale-of-vann-chrysler-dodge-jeep-ram-in-vineland-new-jersey-to-cumberland-county-auto-group-302310699.html
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Document Date: Nov. 19, 2024, 8 a.m. / Source: GlobeNewswire
Activity Class: LocationActivity
/ Type: Added
Location_Added_By:
Location:
Document Extract: LONDON, Nov. 19, 2024 (GLOBE NEWSWIRE) - XPENG, a leading Chinese high-tech car company, is thrilled to announce a strategic partnership with International Motors Ltd (IML) as its official distributor in the UK.
Document Source: https://www.globenewswire.com/news-release/2024/11/19/2983297/0/en/XPENG-Announces-Strategic-UK-Distributor-Partnership-with-International-Motors-Ltd-IML.html
(archive.org page /
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Document Date: Nov. 20, 2024, 5:52 p.m. / Source: PR Newswire
Activity Class: PartnershipActivity
Partnership:
- Nine Tech
- BMW
/ Industry: Automakers And Technology Firms, Automotive And Technology and 6 more
- Nine Tech
- BMW
/ Industry: Automakers And Technology Firms, Automotive And Technology and 7 more
Document Extract: Segway-Ninebot Concludes License Agreement with BMW Group with the Aim of Developing a New Safety E-Scooter. CHANGZHOU, China, Nov. 20, 2024 /PRNewswire/ - Nine Tech Co., Ltd. has signed a license agreement with the BMW Group, under which Nine Tech's electric two-wheeler business unit receives the rights to use certain patents on safety technology developed by the BMW Group for two-wheelers. Nine Tech is a subsidiary of Segway-Ninebot, a leading provider of innovative mobility solutions with product portfolio covering electric kick-scooters, electric two-wheeler, all-terrain-vehicles (ATV) , self-balancing vehicles, robotics, and other mobility and lifestyle products under the brands of Ninebot and Segway. Based on this license, Nine Tech Co., Ltd. plans to develop and produce its own innovative electric two-wheelers with special safety features. With this product, Nine Tech Co., Ltd. is opening up a new product segment with high global market potential.
Document Source: https://www.prnewswire.com/news-releases/segway-ninebot-concludes-license-agreement-with-bmw-group-with-the-aim-of-developing-a-new-safety-e-scooter-302311895.html
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Document Date: Nov. 20, 2024, 5:52 p.m. / Source: PR Newswire
Activity Class: PartnershipActivity
/ Region: Changzhou
Partnership:
- Segway-Ninebot
- Segway-Ninebot
- BMW
/ Industry: Automakers And Technology Firms, Automotive And Technology and 6 more
- BMW
/ Industry: Automakers And Technology Firms, Automotive And Technology and 7 more
Document Extract: Segway-Ninebot Concludes License Agreement with BMW Group with the Aim of Developing a New Safety E-Scooter. CHANGZHOU, China, Nov. 20, 2024 /PRNewswire/ - Nine Tech Co., Ltd. has signed a license agreement with the BMW Group, under which Nine Tech's electric two-wheeler business unit receives the rights to use certain patents on safety technology developed by the BMW Group for two-wheelers. Nine Tech is a subsidiary of Segway-Ninebot, a leading provider of innovative mobility solutions with product portfolio covering electric kick-scooters, electric two-wheeler, all-terrain-vehicles (ATV) , self-balancing vehicles, robotics, and other mobility and lifestyle products under the brands of Ninebot and Segway. Based on this license, Nine Tech Co., Ltd. plans to develop and produce its own innovative electric two-wheelers with special safety features. With this product, Nine Tech Co., Ltd. is opening up a new product segment with high global market potential.
Document Source: https://www.prnewswire.com/news-releases/segway-ninebot-concludes-license-agreement-with-bmw-group-with-the-aim-of-developing-a-new-safety-e-scooter-302311895.html
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Document Date: Nov. 20, 2024, 5:39 p.m. / Source: PR Newswire
Activity Class: PartnershipActivity
Partnership:
- BMW
/ Industry: Automakers And Technology Firms, Automotive And Technology and 7 more
- BMW
/ Industry: Automakers And Technology Firms, Automotive And Technology and 6 more
- Nine Tech
Document Extract: Segway-Ninebot Concludes License Agreement with BMW Group with the Aim of Developing a New Safety E-Scooter. CHANGZHOU, China, Nov. 20, 2024 /PRNewswire/ - Nine Tech Co., Ltd. has signed a license agreement with the BMW Group, under which Nine Tech's electric two-wheeler business unit receives the rights to use certain patents on safety technology developed by the BMW Group for two-wheelers. Nine Tech is a subsidiary of Segway-Ninebot, a leading provider of innovative mobility solutions with product portfolio covering electric kick-scooters, electric two-wheeler, all-terrain-vehicles (ATV) , self-balancing vehicles, robotics, and other mobility and lifestyle products under the brands of Ninebot and Segway. Based on this license, Nine Tech Co., Ltd. plans to develop and produce its own innovative electric two-wheelers with special safety features. With this product, Nine Tech Co., Ltd. is opening up a new product segment with high global market potential.
Document Source: https://www.prnewswire.com/news-releases/segway-ninebot-concludes-license-agreement-with-bmw-group-with-the-aim-of-developing-a-new-safety-e-scooter-302311875.html
(archive.org page /
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Document Date: Nov. 20, 2024, 5:39 p.m. / Source: PR Newswire
Activity Class: PartnershipActivity
/ Region: Changzhou
Partnership:
- BMW
/ Industry: Automakers And Technology Firms, Automotive And Technology and 7 more
- Segway-Ninebot
- BMW
/ Industry: Automakers And Technology Firms, Automotive And Technology and 6 more
- Segway-Ninebot
Document Extract: Segway-Ninebot Concludes License Agreement with BMW Group with the Aim of Developing a New Safety E-Scooter. CHANGZHOU, China, Nov. 20, 2024 /PRNewswire/ - Nine Tech Co., Ltd. has signed a license agreement with the BMW Group, under which Nine Tech's electric two-wheeler business unit receives the rights to use certain patents on safety technology developed by the BMW Group for two-wheelers. Nine Tech is a subsidiary of Segway-Ninebot, a leading provider of innovative mobility solutions with product portfolio covering electric kick-scooters, electric two-wheeler, all-terrain-vehicles (ATV) , self-balancing vehicles, robotics, and other mobility and lifestyle products under the brands of Ninebot and Segway. Based on this license, Nine Tech Co., Ltd. plans to develop and produce its own innovative electric two-wheelers with special safety features. With this product, Nine Tech Co., Ltd. is opening up a new product segment with high global market potential.
Document Source: https://www.prnewswire.com/news-releases/segway-ninebot-concludes-license-agreement-with-bmw-group-with-the-aim-of-developing-a-new-safety-e-scooter-302311875.html
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Document Date: Nov. 18, 2024, 7:54 a.m. / Source: PR Newswire
Activity Class: PartnershipActivity
/ Region: Republic of India
Partnership:
- Tata Elxsi
/ Industry: Architecture, Engineering, And Construction, Automotive And Technology and 2 more
- Suzuki Motor Corp
/ Industry: Automakers And Technology Firms, Automotive And Technology and 1 more
- Suzuki
/ Industry: Automakers And Technology Firms, Automotive And Technology and 1 more
- Tata Elxsi
/ Industry: Automotive And Technology, Autonomous Technology and 1 more
Document Extract: This strategic and long-term partnership incorporates Suzuki's endeavor of minimising energy and enables India's talent to actively contribute to our development efforts globally ," said Mr. Kato. Manoj Raghavan, MD & CEO of Tata Elxsi, shared, "The inauguration of SUZUKI-TATA ELXSI Offshore Development Center marks a significant milestone in our partnership with Suzuki and our shared vision for the future of mobility. Tata Elxsi's design - led, digital-first approach is uniquely positioned to support Suzuki's energy minimisation and sustainability goals, advancing the future of automotive engineering with precision and responsibility. We are delighted to support Suzuki in this journey towards transformative automotive engineering ." About Tata Elxsi.
Document Source: https://www.prnewswire.com/news-releases/suzuki-and-tata-elxsi-launch-suzuki-tata-elxsi-offshore-development-center-302308277.html
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Document Date: Nov. 18, 2024, 12:45 p.m. / Source: GlobeNewswire
Activity Class: PartnershipActivity
Partnership:
- Orbis
/ Industry: Packaging Solutions
- West Michigan Compounding
/ Industry: Automotive And Technology
- Flex-N-Gate
/ Industry: Packaging Solutions
- OWP
/ Industry: Automotive And Technology
- Stellantis
/ Industry: Aerospace And Technology, Architecture, Engineering, And Construction and 19 more
- Stellantis
/ Industry: Aerospace And Technology, Architecture, Engineering, And Construction and 21 more
Document Extract: Celebrating the receipt of its first royalty payment, Isiah Thomas, Chairman and CEO of OWP, states: "Our strategic partnerships with industry giants such as Stellantis, Flex-N-Gate, Orbis, and West Michigan Compounding are pivotal as we drive forward the integration of green practices into mainstream markets. With their support, we are setting new benchmarks for what it means to operate responsibly within the automotive industry ." OWP highlights its readiness to capture growing business opportunities and invites significant industry attention. This significant progress coincides with the global industrial hemp market's projected growth, expected to reach $ 16.82 billion by 2030, expanding at a compound annual growth rate (CAGR) of 17.5 % from 2024, as highlighted in a 2024 Grand View Research report. The surge in market value is largely attributed to hemp's expanding applications across a variety of sectors including automotive, construction, food and beverages, personal care, and textiles, reflecting its increasing integration into mainstream industries.
Document Source: https://www.globenewswire.com/news-release/2024/11/18/2982685/0/en/One-World-Products-Sets-New-Standards-in-Sustainability-With-Strategic-Hemp-Innovations.html
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Document Date: Nov. 18, 2024, 12:45 p.m. / Source: GlobeNewswire
Activity Class: PartnershipActivity
Partnership:
- Stellantis
/ Industry: Aerospace And Technology, Architecture, Engineering, And Construction and 21 more
- Flex-N-Gate
/ Industry: Packaging Solutions
- West Michigan Compounding
/ Industry: Automotive And Technology
- Stellantis
/ Industry: Aerospace And Technology, Architecture, Engineering, And Construction and 19 more
Document Extract: One World Products Sets New Standards in Sustainability With Strategic Hemp Innovations. LAS VEGAS, Nov. 18, 2024 (GLOBE NEWSWIRE) - One World Products, Inc. ("OWP") (OTCQB: OWPC) , renowned for its innovative approach to eco-friendly materials, proudly announces significant progress that solidifies its influence in the rapidly expanding industrial hemp market. Celebrating the receipt of its first royalty payment, Isiah Thomas, Chairman and CEO of OWP, states: "Our strategic partnerships with industry giants such as Stellantis, Flex-N-Gate, Orbis, and West Michigan Compounding are pivotal as we drive forward the integration of green practices into mainstream markets. With their support, we are setting new benchmarks for what it means to operate responsibly within the automotive industry ." OWP highlights its readiness to capture growing business opportunities and invites significant industry attention.
Document Source: https://www.globenewswire.com/news-release/2024/11/18/2982685/0/en/One-World-Products-Sets-New-Standards-in-Sustainability-With-Strategic-Hemp-Innovations.html
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Document Date: Nov. 18, 2024, 12:45 p.m. / Source: GlobeNewswire
Activity Class: PartnershipActivity
Partnership:
Document Extract: OWP, in collaboration with partners like Orbis and Flex-N-Gate, offers viable, sustainable hemp - based packaging solutions that could dramatically reduce the ecological footprint of the packaging industry. Leveraging insights gained from Isiah Thomas's extensive connections within the professional athlete community, OWP's Pro-11 wellness line caters to the increasing consumer preference for eco-friendly and health-conscious options, positioning OWP to capitalize on this lucrative market trend. As OWP transitions from its earlier focus on Colombian cannabis operations to embrace new opportunities, the strategic shift ensures alignment with global sustainability goals and market demands. This change leverages OWP's strengths in innovation and market responsiveness, fostering long-term growth and environmental integrity. A key focus this quarter has been enhancing the financial reporting processes at One World Products, significantly advanced by the streamlined procedures implemented by CFO, Todd Peterson.
Document Source: https://www.globenewswire.com/news-release/2024/11/18/2982685/0/en/One-World-Products-Sets-New-Standards-in-Sustainability-With-Strategic-Hemp-Innovations.html
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Document Date: Nov. 18, 2024, 12:45 p.m. / Source: GlobeNewswire
Activity Class: PartnershipActivity
Partnership:
- West Michigan Compounding
/ Industry: Automotive And Technology
- Flex-N-Gate
/ Industry: Packaging Solutions
- Stellantis
/ Industry: Aerospace And Technology, Architecture, Engineering, And Construction and 19 more
- One World Products
/ Industry: Automotive And Technology, Cannabis Technology
- One World Products
/ Industry: Automotive And Technology, Cannabis Technology
- Stellantis
/ Industry: Aerospace And Technology, Architecture, Engineering, And Construction and 21 more
Document Extract: LAS VEGAS, Nov. 18, 2024 (GLOBE NEWSWIRE) - One World Products, Inc. ("OWP") (OTCQB: OWPC) , renowned for its innovative approach to eco-friendly materials, proudly announces significant progress that solidifies its influence in the rapidly expanding industrial hemp market. Celebrating the receipt of its first royalty payment, Isiah Thomas, Chairman and CEO of OWP, states: "Our strategic partnerships with industry giants such as Stellantis, Flex-N-Gate, Orbis, and West Michigan Compounding are pivotal as we drive forward the integration of green practices into mainstream markets. With their support, we are setting new benchmarks for what it means to operate responsibly within the automotive industry ." OWP highlights its readiness to capture growing business opportunities and invites significant industry attention. This significant progress coincides with the global industrial hemp market's projected growth, expected to reach $ 16.82 billion by 2030, expanding at a compound annual growth rate (CAGR) of 17.5 % from 2024, as highlighted in a 2024 Grand View Research report.
Document Source: https://www.globenewswire.com/news-release/2024/11/18/2982685/0/en/One-World-Products-Sets-New-Standards-in-Sustainability-With-Strategic-Hemp-Innovations.html
(archive.org page /
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Document Date: Nov. 21, 2024, 1:45 p.m. / Source: Business Wire
Activity Class: PartnershipActivity
Partnership:
- IAA
/ Industry: Auto Dealership Insurance, Automakers And Technology Firms and 6 more
- IAA
/ Industry: Auto Dealership Insurance, Automakers And Technology Firms and 6 more
- Atlantic Express Corporation
Document Extract: This strategic alliance reaffirms IAA's commitment to expanding its global buyer base by providing local services and assistance in new markets. " We are excited to expand our international customer base with IAA's new Market Alliance in the Middle East ," said Scott Guenther, Senior Vice President, North America Operations at IAA. " North America Trading has an excellent reputation and team located in Oman who will help IAA connect with a base of new buyers. Through market alliances, IAA continues to seek new opportunities to drive international growth and demonstrate strong price performance ." " We look forward to helping IAA streamline the process of buying and importing vehicles for customers in Oman ," said Kastytis Latvys, President and Owner of Atlantic Express Corporation, parent company of North America Trading L.L.C. ``
Document Source: https://www.businesswire.com/news/home/20241121313101/en/IAA-Announces-New-Market-Alliance-in-Oman
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Document Date: Nov. 21, 2024, 1:45 p.m. / Source: Business Wire
Activity Class: PartnershipActivity
Partnership:
- IAA
/ Industry: Auto Dealership Insurance, Automakers And Technology Firms and 6 more
- IAA
/ Industry: Auto Dealership Insurance, Automakers And Technology Firms and 6 more
Document Extract: in the country of Oman. Through this agreement, IAA will open auction centers in three cities strategically located throughout Oman by the end of 2025. This strategic alliance reaffirms IAA's commitment to expanding its global buyer base by providing local services and assistance in new markets. " We are excited to expand our international customer base with IAA's new Market Alliance in the Middle East ," said Scott Guenther, Senior Vice President, North America Operations at IAA. " North America Trading has an excellent reputation and team located in Oman who will help IAA connect with a base of new buyers.
Document Source: https://www.businesswire.com/news/home/20241121313101/en/IAA-Announces-New-Market-Alliance-in-Oman
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Document Date: Nov. 21, 2024, 1:45 p.m. / Source: Business Wire
Activity Class: PartnershipActivity
Partnership:
Document Extract: Through market alliances, IAA continues to seek new opportunities to drive international growth and demonstrate strong price performance ." " We look forward to helping IAA streamline the process of buying and importing vehicles for customers in Oman ," said Kastytis Latvys, President and Owner of Atlantic Express Corporation, parent company of North America Trading L.L.C. " In collaboration with IAA's technology, our team will support local customers in purchasing vehicles tailored to their unique needs and preferences ." About RB Global. RB Global, Inc. (NYSE: RBA) (TSX: RBA) is a leading, omnichannel marketplace that provides value-added insights, services and transaction solutions for buyers and sellers of commercial assets and vehicles worldwide.
Document Source: https://www.businesswire.com/news/home/20241121313101/en/IAA-Announces-New-Market-Alliance-in-Oman
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Document Date: Nov. 21, 2024, 6 p.m. / Source: PR Newswire
Activity Class: RoleActivity
/ Type: Finishing
Role:
Person:
Organization:
- Cox Automotive
/ Industry: Aftermarket Technology, Automakers And Technology Firms and 8 more
- Cox Automotive
/ Industry: Aftermarket Technology, Auto Finance And Refinancing and 9 more
Document Extract: Cox Automotive Announces the Departure of Dale Pollak, Founder of vAuto, at the End of 2025.
Document Source: https://www.prnewswire.com/news-releases/cox-automotive-announces-the-departure-of-dale-pollak-founder-of-vauto-at-the-end-of-2025-302313392.html
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Document Date: Nov. 21, 2024, 6 p.m. / Source: PR Newswire
Activity Class: RoleActivity
/ Type: Finishing
/ Region: Atlanta
Role:
Person:
Organization:
- Cox Automotive
/ Industry: Aftermarket Technology, Automakers And Technology Firms and 8 more
- Cox Automotive
/ Industry: Aftermarket Technology, Auto Finance And Refinancing and 9 more
Document Extract: ATLANTA, Nov. 21, 2024 /PRNewswire/ - Cox Automotive announced today that Dale Pollak, executive vice president and the founder of vAuto, will leave the company at the end of 2025.
Document Source: https://www.prnewswire.com/news-releases/cox-automotive-announces-the-departure-of-dale-pollak-founder-of-vauto-at-the-end-of-2025-302313392.html
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Document Date: Nov. 19, 2024, 9:09 p.m. / Source: TechCrunch
Activity Class: RoleActivity
/ Type: Finishing
Role:
Person:
Organization:
- Volkswagen of America
/ Industry: Automakers And Technology Firms, Automotive And Technology and 1 more
- Volkswagen of America
/ Industry: Automakers And Technology Firms, Automotive And Technology and 1 more
- Rivian
/ Industry: Automotive And Technology, Electric-Vehicle Ev Manufacturer
- Rivian
/ Industry: Automakers And Technology Firms, Electric Vehicle Charging Solutions and 2 more
Document Extract: Volkswagen of America has a new CEO: Rivian's recently departed chief commercial officer Kjell Gruner.
Document Source: https://techcrunch.com/2024/11/19/vw-taps-former-rivian-exec-to-run-us-business/
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Document Date: Nov. 19, 2024, 9:09 p.m. / Source: TechCrunch
Activity Class: RoleActivity
/ Type: Starting
/ Region: United States
Role:
Person:
Organization:
- Volkswagen of America
/ Industry: Automakers And Technology Firms, Automotive And Technology and 1 more
- Volkswagen of America
/ Industry: Automakers And Technology Firms, Automotive And Technology and 1 more
- Rivian
/ Industry: Automotive And Technology, Electric-Vehicle Ev Manufacturer
- Rivian
/ Industry: Automakers And Technology Firms, Electric Vehicle Charging Solutions and 2 more
Document Extract: Volkswagen of America has a new CEO: Rivian's recently departed chief commercial officer Kjell Gruner.
Document Source: https://techcrunch.com/2024/11/19/vw-taps-former-rivian-exec-to-run-us-business/
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