Leoni, the leading European provider of cables and cable systems to the automotive sector and other industries, in the field of electromobility, is working on solutions for cooled charging systems.
Category: Global Economy
New President at Universal Robots
Universal Robots A/S (UR), a Teradyne company and the global leader in the collaborative robot market, named Jürgen von Hollen President with immediate effect. He succeeds Enrico Krog Iversen who relinquished the post in June 2016 to pursue other interests.
Ssangyong signs LoI with Shaanxi Automobile Group
The South Korea-based Ssangyong Motor has signed a Letter of Intent (LoI) to form a 50:50 joint venture with Shaanxi Automobile Group of China to set up a 1.5 lakh unit plant in Xi’an Economic and Technological Development Zone in Xi’an, Shaanxi Province, in northwest China, by 2019.
Continental announces new acquisitions
Continental Corporation has acquired the tyre specialist Hoosier Racing Tire (Lakeville, Indiana, USA), and a majority stake in Zonar Systems Inc (Seattle, Washington, USA), a company specialising in fleet management solutions. It was agreed in both cases that the purchase price would not be disclosed.
PowerCell seeks EU funding for new systems
The Nordic leading fuel cell company PowerCell Sweden AB, together with a consortium, has applied for an EU funding through the Fuel Cells and Hydrogen 2 Joint Undertaking for development of a system based on the fuel cell stack PowerCell S3 for integration and testing in passenger cars.