News

FreightTech Friday: Alvys raises $20.5M to accelerate tech...

July 19, 2024

Logistics software provider Alvys announced it has closed its Series A with $20.5 million in funding led by Titanium Ventures, with participation from Picus Capital and existing investors RTP and Bonfire. The company is looking to continue to develop its current offerings and support customer growth. Alvys has raised about $30 million to date.

The software provider currently offers load matching, quote generation, document management and other back-office workflows for dispatching and managing assets.

The new Kia K4 expected to arrive in the second half of 2024

July 18, 2024

Kia is shaking up the compact sedan segment with the introduction of the all-new 2025 Kia K4. This sleek and sophisticated car promises to deliver more room, advanced technology features, and exciting performance options, all in a package that's sure to turn heads. The 2025 Kia K4 is expected to arrive in the second half of 2024. Pricing information has not yet been announced, but it is likely to be competitively priced within the compact sedan segment. 

Continental Develops Software Solutions for Mobile Robots,...

July 16, 2024

Continental Mobile Robots, leveraging the power of Amazon Web Services (AWS), has developed new software solutions for Autonomous Mobile Robots (AMR). The engagement focuses on managing the hybrid deployment of Continental’s scalable AMR navigation software stack, which powers multiple product lines such as Intralogistics and Agriculture. The work between Continental and AWS helps customers manage deployments more effectively at scale over the lifetime of the robot. 

Global EV sales up 13% in June, down 7% in Europe

July 16, 2024

Global sales of fully electric and plug-in hybrid vehicles rose by 13% in June versus the same month in 2023 driven by growth in China, while they dropped in Europe, market research firm Rho Motion said.

In Europe, monthly sales were down 7% to 0.30 million, with Finland, Ireland, and the Netherlands leading losses, while Italy recorded a 34% increase following the introduction of government incentives.

Porsche and Hydro are planning the widespread use of...

July 15, 2024

Porsche collaborates with Norwegian aluminum company Hydro in order to deliver carbon-reduced primary aluminum as well as secondary aluminum with a high proportion of recycled material. Within their technical collaboration, Porsche and Hydro are also testing where aluminum with an even higher proportion of recycled material can be used. The sports car manufacturer is working towards a net carbon neutral value chain of newly produced vehicles in 2030. Aluminum is an important part of this.

Agriculture Robots Market is projected to surpass USD 80...

July 15, 2024

As per the report, the increasing demand for enhanced yield and sustainable farming practices will accelerate business growth over 2023–2032. The Agriculture Robots Market size was crossed USD 14.9 billion in 2022 and is estimated to reach USD 80 billion by 2032 due to the aging agricultural workforce in many countries.

Farmers and agricultural enterprises are embracing robotic solutions to optimize crop production while reducing environmental impact. 

New MG HS hybrid SUV revealed at Goodwood Festival of Speed

July 11, 2024

As part of its centenary celebrations at the Goodwood Festival of Speed this week, MG has taken the wraps off the next generation of its HS SUV. Unveiled in plug-in hybrid and petrol guises in the UK, it’s expected that MG will continue to focus on the PHEV, which has been significantly upgraded.

The new model pricing has remained typically competitive.

Latest Data