Niron Magnetics, a startup developing high-performance, rare earth-free permanent magnets has received $25 million in new strategic funding in a round led by Samsung Ventures. The company is developing more sustainable and affordable rare earth-free permanent magnets, which can be used for EV motors and other applications. The Minnesota-based company is also backed by three major automakers: General Motors, Stellantis and Volvo Cars.
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February 28, 2024
SOMIPRESS ROMANIA is a company part of SOMIGroup an Italian group founded in 1972, working in the field of aluminium die-casting.
It supplies high-quality aluminium die-casting parts to the Automotive, Household Appliances and Mechanical industry companies.
You can contact Somipress at +40261770266; somipressromania@somipress.com and visit their website www.somipress.com.
February 27, 2024
The International Federation of Robotics reports about the top 5 automation trends in 2024. “The five mutually reinforcing automation trends in 2024 show that robotics is a multidisciplinary field where technologies are converging to create intelligent solutions for a wide range of tasks,” says Marina Bill, President of the International Federation of Robotics. “These advances continue to shape the merging industrial and service robotics sectors and the future of work.”
February 27, 2024
Alfa Romeo has announced it'll reveal the forthcoming Milano on April 10, 2024, as the car enters its final testing phase. It’s not only set to be the brand’s first all-electric vehicle, but also the smallest in a line-up which currently consists of the Giulia, Stelvio and Tonale.
Jean-Philippe Imparato, CEO of Alfa Romeo, has said: “It also serves as a ‘welcome’ to anyone looking for a unique sporting experience in this segment and the distinctive beauty of Italian design.''
February 22, 2024
In January 2024, the EU new car market rebounded from the slowdown experienced in December 2023, with year-on-year car registrations increasing by 12.1% to 851,690 units. Notably, the bloc’s major markets all saw significant growth, with Germany (+19.1%), Italy (+10.6%), France (+9.2%), and Spain (+7.3%) achieving either high single-digit or double-digit gains.
In January 2024, new battery-electric car sales surged by 28.9% to 92,741 units, representing a total market share of 10.9%.
February 20, 2024
Volvo announced that the XC40 Recharge and C40 Recharge are now called EX40 and EC40, as part of the latest model year updates. The fully electric crossovers also benefit from a power boost for the twin motor powertrain, and are now available in dark-themed Black Edition trims.
The new names bring the EX40 and EC40 in line with the rest of Volvo‘s fully electric lineup (EX30, EX90, and EM90).
February 19, 2024
Stellantis has announced plans to increase production of its electric drive modules (EDMs). The modules, which combine an electric motor, reduction gearset and inverter into a single unit, should begin production in late 2026. Stellantis is investing 103 million euros ($107.6 million) to boost electric vehicle drive module production at its plant in Szentgotthard, Hungary. The automaker is already building EDMs at its plant in Tremery-Metz, France, and a site in Kokomo, Indiana and later this year, its Mirafiori factory in Italy will start to produce electrified dual-clutch transmissions for its hybrid and plug-in hybrid vehicles.