Vehicle Technology News

SHANGHAI--(BUSINESS WIRE)--At the 2025 Shanghai International Auto Show, GAC Group unveiled its first sci-tech aesthetic pickup concept vehicle—the GAC PICKUP 01—redefining multi-scenario value for pickups through its "OmniTerrain Pickup" philosophy. Integrating passenger-car design, intelligent technology, and global-quality standards, this model represents GAC's strategic entry into the pickup market. The GAC PICKUP 01 breaks conventional pickup design with a bold exterior language combining...

AUBURN HILLS, Mich.--(BUSINESS WIRE)--PHINIA Inc. (NYSE: PHIN), a leader in premium fuel systems, electrical systems, and aftermarket solutions, today reported results for the first quarter ended March 31, 2025. First Quarter Highlights: Net sales of $796 million, a decrease of 7.8% compared with Q1 2024. Excluding the decreases related to foreign currency and contract manufacturing agreements that ended in 2024, $16 million and $17 million, respectively, sales decreased $34 million or 4.1%, dr...

SAN FRANCISCO--(BUSINESS WIRE)--Yesterday, Motive, the AI-powered Integrated Operations Platform, emerged victorious when a jury in the United States District Court for the Northern District of California delivered a unanimous verdict that Motive does not infringe any of Omnitracs’ patents. This jury verdict was a win for Motive, its customers, and for innovation across the physical economy. Yesterday’s verdict reinforces what Motive’s customers already know — Motive’s success is driven by the...

LOS ANGELES--(BUSINESS WIRE)--Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) (“Faraday Future”, “FF” or the “Company”), a California-based global shared intelligent electric mobility ecosystem company, today announced that FF Founder and current Chief Product and User Ecosystem Officer (CPUO), YT Jia, has been appointed Co-CEO of the Company. YT will add finance, legal, and supply chain to his direct reporting lines with the current Global CEO of FF, Matthias Aydt, in addition to his c...

KENOSHA, Wis.--(BUSINESS WIRE)--The Snap-on board declared a quarterly dividend of $2.14 per share payable June 10, 2025, to shareholders of record on May 20, 2025....

MILWAUKEE--(BUSINESS WIRE)--STRATTEC SECURITY CORPORATION (Nasdaq: STRT) Announces Third Quarter Fiscal Year 2025 Financial Results Conference Call and Webcast...

SHANGHAI--(BUSINESS WIRE)--During the inaugural Global EASE DAY 2025, SOUEAST successfully held its first global media test drive event “EASE Experience” in Shanghai. Designed to showcase the brand's multi-scenario urban mobility solutions, the event highlighted the stylish, comfort, and warm-tech of SOUEAST models. Global media and notable influencers praised the lineup for its seamless integration of innovation, performance, and urban adaptability. Immersive Experience: Redefining Urban mobil...

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Aeva® (NASDAQ: AEVA), a leader in next-generation sensing and perception systems, today announced that it will report results for the first quarter 2025 after market close on Wednesday, May 14, 2025. Aeva will host a conference call and webcast to discuss the first quarter 2025 results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day. Event: Aeva Technologies, Inc. First Quarter 2025 Results Call Date: Wednesday, May 14, 2025 Time: 2:00...

CHICAGO--(BUSINESS WIRE)--Monroe Capital LLC (“Monroe”) announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of Epika Fleet Services, Inc. (“Epika”) by an Ares Private Equity fund. Founded in 2016 and headquartered in Nashville, TN, Epika is a national provider of mobile-focused essential maintenance and repair services to commercial fleets. Epika operates across nearly 40 states and serves over 2,000 fleet custo...

EL SEGUNDO, Calif.--(BUSINESS WIRE)--EV Connect, a leading EV charging business platform, and Presto, a leading roaming platform for electric vehicle (EV) fleets on the go, today announced a new collaboration that enhances charging network infrastructure and expands accessibility for EV fleet drivers. Fleet operators will benefit from the Presto app's comprehensive platform, which allows their EV drivers to quickly locate, charge, and pay at more than 16,000 EV Connect connectors, delivering a...