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NEW YORK, April 23, 2024 /PRNewswire/ -- The traditional tiered supply chain system is no longer relevant to the automotive industry, especially for the digital cockpit. Tier One suppliers have been evolving in their specialties and responsibilities accordingly. One of these roles is supplying component agnostic, mixed-criticality enabled, future-proofed digital Cockpit Domain Controllers (CDCs), which ABI Research, a global technology intelligence firm, forecasts to reach a market size of US$15 billion by 2030, growing at a CAGR of 34%. "Tier One auto suppliers have been squeezed from their legacy role of component sourcing and supply chain management by an ecosystem where Tier Two suppliers are working more closely with OEMs for their System-on-Chip (SoC) and software needs, and where OEMs are taking more ownership of their technology stack through in-house software divisions or partnerships with Tier Two suppliers. COVID-19, the semiconductor shortage, and an industry-wide transition towards Software-Defined Vehicles (SDVs) has driven further OEM appetite for control over their value chain and the ability to innovate at accelerated timelines, which the CDC can enable," explains Abu Miah, Smart Mobility and Automotive Analyst at ABI Research. Safety certification and system integration remains a key responsibility of the Tier Ones in the digital cockpit ecosystem, but they must make several adjustments to meet OEM needs for a new SDV age. According to Miah, "Taking SoC preferences from their OEM partners and building systems around these specifications is common, but as next-generation CDCs continue to gain popularity globally, OEMs will have stricter specifications for their choice of hypervisor too." Tier Ones need to be flexible with their solution set to accommodate this, providing hardware and software agnostic solutions with pre-integrated feature sets – for example, Aptiv's Smart Vehicle Architecture (SVA), Visteon's SmartCore, or Continental's Cockpit High Performance Computer. Tier One's adjustments to the evolution of the automotive ecosystem, and within that, the digital cockpit ecosystem, doesn't only require strategic investment and R&D into new technologies. "SDV digital cockpit system integration will require a high degree of software expertise and adept roadmap planning with input from OEMs, silicon vendors, and more, to construct upgradeable, flexible hardware and software architectures that can adapt to consumer expectations at unprecedented speeds," says Miah. These findings are from ABI Research's The Evolving Role of the Tier One Supplier in the Automotive Digital Cockpit report. This report is part of the company's Smart Mobility and Automotive research service, which includes research, data, and ABI Insights. About ABI Research ABI Research is a global technology intelligence firm uniquely positioned at the intersection of technology solution providers and end-market companies. We serve as the bridge that seamlessly connects these two segments by providing exclusive research and expert guidance to drive successful technology implementations and deliver strategies proven to attract and retain customers. ABI Research是一家全球性的技术情报公司,拥有得天独厚的优势,充当终端市场公司和技术解决方案提供商之间的桥梁,通过提供独家研究和专业性指导,推动成功的技术实施和提供经证明可吸引和留住客户的战略,无缝连接这两大主体。 For more information about ABI Research's services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific, or visit www.abiresearch.com. Contact Info: GlobalDeborah PetraraTel: +1.516.624.2558pr@abiresearch.com
DUBAI, UAE, July 11, 2023 /PRNewswire/ -- NWTN Inc. (Nasdaq: NWTN), an eco-conscious mobility technology company bringing passenger-centric green premium mobility solutions to the world ("NWTN"), today announced that NWTN Technologies Industries – Sole Proprietorship LLC., NWTN's wholly-owned subsidiary, signed a non-binding memorandum of understanding ("MOU") with the Abu Dhabi Department of Economic Development ("DED") to enhance cooperation and contribute to the development of the automotive industry in the Emirate of Abu Dhabi. NWTN and Abu Dhabi Department of Economic Development Sign MOU Under the terms of the MOU, NWTN has agreed to establish and construct an integrated production line, as well as to expand its factory in the Emirate of Abu Dhabi in adherence to the highest international standards. The MOU also entails mutual cooperation between the parties to expedite the advancement of the modern automobile industry and transportation in Abu Dhabi, in alignment with the goals set forth in the Industrial Vision 2031. Furthermore, the MOU aims to foster an innovative community that actively contributes to automotive technology trends, while strengthening collaboration in the green economy and environmental sectors. Within the framework of the MOU, the DED has committed to cooperation and coordination in order to devise a streamlined work system that simplifies, facilitates, and enhances the necessary procedures for NWTN to obtain industrial licenses. The DED will ensure that these procedures adhere to the required technical, organizational, and procedural standards. The DED has agreed to promote and support the integration of Emirati nationals into the workforce of NWTN and NWTN has agreed to provide necessary training and professional development opportunities to the Emirati candidates. Eng. Arafat Al Yafei, Executive Director of Industrial Development Bureau of the DED, said: "This MOU with NWTN is part of our efforts to enhance Abu Dhabi's competitiveness, equip talent with necessary skills, and develop automotive and transportation industry in line with the objectives of the Abu Dhabi industrial strategy. As talent development is a top priority for us, we are pleased to collaborate with NWTN to train and create new opportunities for Emirati talent and to drive innovation in the industrial sector. We believe this step will help in attracting new quality investments to benefit from growth opportunities in Abu Dhabi's manufacturing sector." Paul Lin, President of Automotive at NWTN commented, "We are excited about the prospects of expanding our operations in Abu Dhabi and contributing to the growth of the auto industry. This partnership aligns with our commitment to both local talent development and technological advancement." The MOU is valid for an initial period of two years, with the option to renew upon mutual agreement between the parties. ABOUT NWTN NWTN is a pioneering green energy company dedicated to providing passenger-focused, premium electric vehicle products and green energy solutions to customers worldwide. Headquartered in Dubai, United Arab Emirates (UAE), NWTN has a full vehicle assembly facility in Abu Dhabi and a supply chain manufacturing base in Jinhua, China. NWTN is committed to the future of mobility solutions that integrate pioneering design, personalized lifestyles, Internet of Everything (IoT), autonomous driving technology and the eco-system of green energy. In addition to the offering of new energy vehicles, NWTN is exploring opportunities in the entire clean energy value chain, including photovoltaics, green hydrogen power and energy storage in the UAE, the Middle East, North Africa, China, other Asian countries, and Europe. For further information, please visit: https://www.nwtnmotors.com. FORWARD-LOOKING STATEMENTS This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements are characterized by future or conditional verbs such as "may," "will," "expect," "intend," "anticipate," believe," "estimate" and "continue" or similar words. You should read statements that contain these words carefully because they discuss future expectations and plans, which contain projections of future results of operations or financial condition or state other forward-looking information. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Actual results (including, without limitation, with respect to the expected benefits from the collaboration with DED as provided under the MOU, the construction of production lines and factory expansion in Abu Dhabi, and anticipated results of integration of Emirati nationals into the workforce of NWTN) may differ significantly from those set forth or implied in the forward-looking statements. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to the risk factors contained in NWTN's filings with the Securities and Exchange Commission, which are available for review at www.sec.gov. Forward-looking statements speak only as of the date they are made. New risks and uncertainties arise over time, and it is not possible NWTN to predict those events or how they may affect NWTN. If a change to the events and circumstances reflected in NWTN's forward-looking statements occurs, NWTN's business, financial condition and operating results may vary materially from those expressed in NWTN's forward-looking statements. Readers are cautioned not to put undue reliance on forward-looking statements, and NWTN assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.
DUBAI, UAE, April 18, 2023 /PRNewswire/ -- NWTN Inc. (Nasdaq: NWTN), an eco-conscious mobility technology company bringing passenger-centric green premium mobility solutions to the world ("NWTN"), today announced that it signed a memorandum of understanding ("MOU") with Al Kalid Auto L.L.C. ("Al Kalid") for the delivery of over one thousand Rabdan ONE vehicles over the next two years. With the MOU, NWTN is kicking-off the development of its sales and distribution network in the Gulf Cooperation Council countries. Under the MOU, Al Kalid will become the exclusive distributor of vehicles under Rabdan brand, enabling the sale of Rabdan vehicles, parts, and accessories together with the provision of after-sales services within the State of Kuwait. Al Kalid will promote the Rabdan brand and plans to establish a flagship showroom in the Warehouse Mall in Sadiya, as well as the development of a further three sales outlets. NWTN will assist Al Kalid with technical, after-sales, marketing, and communications support during the entirety of the MOU. The MOU between NWTN and Al Kalid was signed at the NWTN Suhoor Gathering held at NWTN's assembly facility in the Khalifa Economic Zone Abu Dhabi ("KEZAD") in celebration of the Holy month of Ramadan. NWTN completed construction of its facility in KEZAD at the end of 2022. The KEZAD facility enables NWTN to address the rapidly growing demand for electric vehicles in the UAE and the Middle East, promote green mobility, and accelerate sustainable energy transformation in the UAE. Guests mingled and enjoyed traditional Suhoor dishes and were also offered an exclusive preview and experience of the Rabdan ONE, the first product of the Rabdan brand. The origin of the Rabdan brand is deeply rooted in Arabic culture. The brand will cover a full range of intelligent new energy passenger vehicle products from extended range to pure electric technology solutions. NWTN believes these vehicles complement the improvement and change in local new energy infrastructure, such as charging stations in the Gulf, Middle East, and North Africa. Rabdan products will integrate the advanced technologies and resources in the global new energy vehicle industry, as well as surpass traditional fuel vehicle products in every aspect, from driving experience and intelligent comfort to energy saving and emissions reduction. It will define a new category of traveling and lifestyle. The Rabdan ONE is a dynamic, intelligent, and comfortable, all-wheel-drive SUV that adopts the world's leading range extension technology. It has a comprehensive range of up to 860 kilometers, which removes range anxiety while achieving energy savings and emissions reduction. It has excellent endurance and is capable of traveling long distances. The Rabdan ONE is suitable for a variety of uses from business, family, leisure, adventure, work to pleasure. ABOUT NWTN NWTN is a pioneering green energy company dedicated to providing passenger-focused, premium electric vehicle products and green energy solutions to customers worldwide. Headquartered in Dubai, United Arab Emirates (UAE), NWTN has a full vehicle assembly facility in Abu Dhabi and a supply chain manufacturing base in Jinhua, China. NWTN is committed to the future of mobility solutions that integrate pioneering design, personalized lifestyles, Internet of Everything (IoT), autonomous driving technology and the eco-system of green energy. In addition to the offering of new energy vehicles, NWTN is exploring opportunities in the entire clean energy value chain, including photovoltaics, green hydrogen power and energy storage in the UAE, the Middle East, North Africa, China, other Asian countries and Europe. For further information, please visit: https://www.nwtnmotors.com. FORWARD-LOOKING STATEMENTS This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements are characterized by future or conditional verbs such as "may," "will," "expect," "intend," "anticipate," believe," "estimate" and "continue" or similar words. You should read statements that contain these words carefully because they discuss future expectations and plans, which contain projections of future results of operations or financial condition or state other forward-looking information. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Actual results (including, without limitation, with respect to the expected benefits from the MOU and the KEZAD facility, and the anticipated results and capability of Rabdan products) may differ significantly from those set forth or implied in the forward-looking statements. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to the risk factors contained in NWTN's filings with the Securities and Exchange Commission, which are available for review at www.sec.gov. Forward-looking statements speak only as of the date they are made. New risks and uncertainties arise over time, and it is not possible NWTN to predict those events or how they may affect NWTN. If a change to the events and circumstances reflected in NWTN's forward-looking statements occurs, NWTN's business, financial condition and operating results may vary materially from those expressed in NWTN's forward-looking statements. Readers are cautioned not to put undue reliance on forward-looking statements, and NWTN assumes no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.
LOS ANGELES, Nov. 21, 2025 /PRNewswire/ -- Revology Cars, the world's leading builder of re-engineered and restored 1960s Mustangs, has unveiled its most sophisticated Mustang yet: the 1969 Boss 429. Revology 1969 Mustang Boss 429 Designed, engineered, and assembled in Orlando, Florida, the new Revology Boss 429 blends the iconic design of the original with modern performance, comfort, and everyday drivability. "The Boss 429 is one of the rarest and most desirable muscle cars ever built," said Tom Scarpello, founder and CEO of Revology Cars. "The Revology Boss 429 is not a copy of that iconic model, but a redefinition of it, leveraging modern technology, engineering, and manufacturing processes to make it as reliable and fun to drive as it is to look at." The Revology Boss 429 features an all-new steel body, assembled using automated spot welding, seam welded joints, and heat-cured structural adhesive, to create an exceptionally rigid structure that enhances ride quality, handling, and overall refinement. Power comes from a supercharged and intercooled 710-horsepower Ford 5.0L Ti-VCT V8, paired with either a six-speed manual or 10-speed automatic transmission. The car's chassis features a double-wishbone front suspension with aluminum subframe and a three-link rear suspension with torque arm and Panhard rod. Hydraulic power rack-and-pinion steering, power four-wheel disc brakes, and tuned springs and dampers deliver precise handling and a compliant ride. Inside, the Revology Boss 429 delivers refined ergonomics and craftsmanship. Premium materials and finishes throughout the cabin create a luxurious environment that complements the car's performance. The show car is finished in Lava Orange, a vivid Porsche hue chosen by Yoshi Amano, Revology's vice president of marketing, sales, and service. A native of Japan, Amano said the color symbolizes courage, happiness, and good fortune in Japanese culture. "Its energy and spirit perfectly reflect what we do at Revology—breathing new life into classic cars," she said. To date, Revology has delivered 324 cars to clients in the U.S. and nineteen foreign countries. Notably, 47 clients have purchased two or more Revology vehicles, indicating an exceptionally high level of customer loyalty. That loyalty extends to the Boss 429--current Revology owners, who were allowed to place orders for the Boss in advance of the public announcement, have already ordered more than half of next year's production capacity of 50 units. The sophistication of this Boss 429 heralds a new chapter for Revology Cars. It also signals a revolution for the specialty car industry. By applying the most advanced design, engineering and manufacturing processes, Revology has produced a car significantly above the standards of the competition. Put simply, Revology's Boss 429 blends vintage soul with modern luxury and performance like no other car before. For more information on the Boss 429, go to: https://revologycars.com/1969-boss-mustang/ About Revology CarsRevology Cars is the world's leading builder of 1967-1969 Ford® Mustang® and Shelby® GT restored original automobiles. Complete information, including pricing, can be found at www.revologycars.com, or by calling (800) 974-4463. Media Contact: John McCormick, C. 1-734-604-4768 or john@revologycars.com. Photo - https://mma.prnasia.com/media2/2825292/Revology_Cars_1969_Mustang_Boss_429.jpg?p=medium600
Hyundai Motor secures nine awards, Genesis earns eight, and Kia receives five Hyundai is ranked second and Genesis is ranked third tied with Honda and Mazda, respectively, among global brands with the most awards Recognition underscores the exceptional safety standards of Hyundai, Kia, and Genesis vehicles SEOUL, South Korea, Dec. 19, 2024 /PRNewswire/ -- Hyundai Motor Group is proud to announce that a total of 22 models from Hyundai Motor Company, Kia Corporation and Genesis have been honored with the Insurance Institute of Highway Safety (IIHS) 2024 TOP SAFETY PICK (TSP) and TOP SAFETY PICK+ (TSP+) awards. Hyundai Motor IONIQ 5 The Group's total is more than any other automaker in the annual assessment, comprising 21 percent of the total 2024 awards. Moreover, Hyundai brand ranked second and Genesis ranked third tied with Honda and Mazda, respectively, among the brands with the most awards."The Group's exceptional performance in the IIHS 2024 Top Safety awards is a testament to our unwavering focus on safety and continuous efforts to provide the highest level of protection for vehicle occupants and other road users," said Brian Latouf, President and Global Chief Safety and Quality Officer at Hyundai Motor Group. "The results also reflect our strategy to maintain safety leadership for 2025 and years to come." Among the Group's brands, Hyundai Motor secured nine awards (four TSP+ and five TSP), Genesis earned eight awards (seven TSP+ and one TSP), and Kia earned five awards (one TSP+ and four TSP). This recognition highlights the exceptional safety standards embedded in Hyundai, Kia and Genesis vehicles. All vehicles were 2024 model year unless otherwise specified. For Hyundai Motor, the TSP+ winners included the IONIQ 5, KONA and TUCSON (models built after March 2024) small SUVs and IONIQ 6 midsize electric car. The TSP winners included the ELANTRA small car, SONATA midsize car, PALISADE and SANTA FE midsize SUVs, and SANTA CRUZ small pickup truck. For Genesis, the TSP+ winners included the G80 (models built after October 2023), Electrified G80, and G90 (models built after October 2023) large luxury cars, GV60 small SUV, and GV70 (2025MY) (models built after April 2024), Electrified GV70 (models built after April 2024), and GV80 (models built after August 2023) midsize luxury SUVs. The TSP winner was the GV70 (models built after November 2023) midsize luxury SUV. For Kia, the TSP+ winner was the TELLURIDE midsize SUV. The TSP winners included the K4 small car, SPORTAGE small SUV, and the EV9 (models built after January 2024) and SORENTO (2024-25MY) midsize SUVs. More information about Hyundai Motor Group: http://www.hyundaimotorgroup.com or Newsroom: Media Hub Kia K4
NEW YORK, Dec. 11, 2024 /PRNewswire/ -- Digital car keys offer automotive Original Equipment Manufacturers (OEMs) a powerful way to showcase their digital capabilities, providing customers with seamless, value-added vehicle access and passive start features. Global technology intelligence firm ABI Research forecasts shipments of vehicles with digital car key technology to grow at a strong CAGR of 17.2% from 2024 to 2031, reaching nearly 60 million vehicles by the end of the forecast period. These keys can be enhanced with new features over time, enabling OEMs to drive ongoing revenue through optional upgrades that require a subscription. OEMs often enable digital key features for free for the first year of ownership, then charge annually after the trial. However, OEMs must carefully choose the right technologies suited to different regions and price segments to maximize revenue potential. "For example, Ultrawideband (UWB) technology for digital car keys provides drivers with precise positioning and passive unlocking of the vehicle, albeit for a higher price tag for the UWB chipset and accompanying anchors in the car," explains Abu Miah, Smart Mobility & Automotive Analyst at ABI Research. "For premium vehicle lines, UWB should still be a no-brainer, as the security advantages it provides over other technologies, such as Bluetooth Low Energy (BLE) or Near-Field Communication (NFC), are must-haves for drivers of higher-end vehicles that are more commonly the target of theft through relay attacks. In more affordable models, the price tag of UWB may not be worth the investment." BLE and NFC combination solutions and BLE, NFC, and UWB combination solutions are the fastest growing in the market, with a CAGR of 14% and 34%, respectively, with the difference arising because of the relatively early stage in the market for UWB solutions. Digital car key solutions are expected to reach 70% of vehicle shipments globally by 2031, rising from just 22% in 2023. More and more OEMs are shipping all of their vehicle lines with some sort of digital key functionality, with several also including UWB support in their top-of-the-line models in the last year, such as BMW, Kia, Mercedes-Benz, and Hyundai. These companies are supported in deployment by their Tier One suppliers, chipset suppliers (such as NXP), and often digital key specialists for both the hardware and cloud platform infrastructure (such as Thales, WirelessCar, and Giesecke & Devrient). The industry has begun to unify around open standards bodies for digital keys, such as the Car Connectivity Consortium (CCC), Intelligent Car Connectivity Ecosystem Alliance (ICCE), and Intelligent Car Connectivity Open Alliance (ICCOA). Looking to the future, these open standards will play a key role in enabling the industry to move forward with digital key adoption, and nearly all OEMs are moving in this direction, apart from Tesla and some Chinese OEMs who value the quicker time-to-market that proprietary approaches allow. These findings are from ABI Research's Automotive Cyber Security: Securing Vehicle Access application analysis report. This report is part of the company's Smart Mobility and Automotive research service, which includes research, data, and ABI Insights. Based on extensive primary interviews, Application Analysis reports present in-depth analysis on key market trends and factors for a specific technology. About ABI Research ABI Research is a global technology intelligence firm uniquely positioned at the intersection of technology solution providers and end-market companies. We serve as the bridge that seamlessly connects these two segments by providing exclusive research and expert guidance to drive successful technology implementations and deliver strategies proven to attract and retain customers. ABI Research是一家全球性的技术情报公司,拥有得天独厚的优势,充当终端市场公司和技术解决方案提供商之间的桥梁,通过提供独家研究和专业性指导,推动成功的技术实施和提供经证明可吸引和留住客户的战略,无缝连接这两大主体。 For more information about ABI Research's services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific, or visit www.abiresearch.com. Contact Info: GlobalDeborah Petrara Tel: +1.516.624.2558pr@abiresearch.com
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