Electronic Company – EUMAG http://eumag.org/ Mon, 21 Nov 2022 05:56:15 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://eumag.org/wp-content/uploads/2021/06/icon-150x150.png Electronic Company – EUMAG http://eumag.org/ 32 32 Chinese automakers target more European sales with five-star electric vehicles https://eumag.org/chinese-automakers-target-more-european-sales-with-five-star-electric-vehicles/ Mon, 21 Nov 2022 05:56:15 +0000 https://eumag.org/chinese-automakers-target-more-european-sales-with-five-star-electric-vehicles/ SOLIHULL, England, Nov 21 (Reuters) – Chinese electric vehicle (EV) makers aim to win over European drivers and big companies with more affordable cars, top safety ratings and plenty of high-tech features . Over the past few months, several Chinese electric vehicles have received five stars under the European New Car Assessment Program (NCAP) – […]]]>

SOLIHULL, England, Nov 21 (Reuters) – Chinese electric vehicle (EV) makers aim to win over European drivers and big companies with more affordable cars, top safety ratings and plenty of high-tech features .

Over the past few months, several Chinese electric vehicles have received five stars under the European New Car Assessment Program (NCAP) – an achievement that requires charging vehicles with active and passive safety features that go well with the beyond legal requirements.

Others arrive.

“All Chinese electric vehicle makers want to achieve the five-star Euro NCAP rating in order to be more competitive in the European market,” said Brian Gu, president of Chinese electric vehicle maker Xpeng (9868.HK).

Gu said Xpeng had spent the last three years building stores and service centers in Denmark, the Netherlands, Norway and Sweden – with some initial sales in Norway – ahead of the official launch next year. its P7 electric sedan and its G9 sport utility vehicle (SUV) in all four countries.

Chinese electric vehicle makers have recognized that safety plays a hugely important role in the sales process, said Matthew Avery, director of Thatcham Research, an insurer-funded British automotive research center and board member of Euro NCAP.

Five-star Euro NCAP ratings are seen as key to overcoming residual European concerns over the quality of Chinese-made cars, after horrific crash test failures in 2006 and 2007 made cars from China appear weren’t sure.

Perhaps more importantly for sales, high safety ratings also open up the potentially huge corporate car fleet market for Chinese EV makers.

Fleet sales account for around half of all car sales in major markets including Germany, France and the UK, and many corporate buyers prioritize safety.

“Fleet sales are very important, and many fleets have a mandatory five-star rating for car purchases,” Avery said.

CAR RENTAL COMPANIES

Additionally, many fleets want to quickly transition to electric vehicles to meet their sustainability goals. But corporate fleets are struggling to get enough electric vehicles in Europe as supply chain issues have pushed wait times for some models to more than 12 months.

Strong demand for electric cars amid supply chain shortages has allowed European automakers to raise prices for electric vehicles and focus more on retail customers, rather than customers such as car rental companies that were traditionally less profitable for them.

This has created a window of opportunity for Chinese electric vehicle makers who have already outpaced most of their foreign rivals in China, by far the world’s biggest market for electric vehicles.

In October, for example, the German car rental company Sixt (SIXG.DE) announced that it would buy around 100,000 electric vehicles from BYD (002594.SZ), starting with its Atto 3 SUV which received the very coveted five-star Euro NCAP in the same month. .

Chinese company Great Wall Motors (GWM) (601633.SS) received five stars in September for its WEY-branded Coffee 01 hybrid SUV and ORA-branded Funky Cat electric sedan.

European automakers are also seeking five-star ratings for their electric and hybrid vehicles, from BMW’s iX (BMWG.DE) to Volkswagen’s ID.4 and ID.5 (VOWG_p.DE). In October, Mercedes achieved the highest score for its EQE sedan and its driver assistance features received the highest marks to date from Euro NCAP.

Chinese electric vehicle maker Aiways has yet to put its U6 electric crossover to the NCAP test, but it is also aiming for the highest rating on offer, said Alexander Klose, who heads the automaker’s operations outside of China. China.

He said Aiways had invested in additional safety features for the U6 to open up sales opportunities to European fleets, including car rental companies, when it goes on sale next year.

“There will be a natural demand for vehicles like ours which are fully equipped and very competitively priced,” he said, adding that Aiways hopes to sell 30,000 electric vehicles in Europe in 2023, up from around 5 000 this year.

BASIC REQUIREMENT

French automotive consultancy Inovev said around 155,000 Chinese-made cars were sold in Europe in the first nine months of 2022, or 1.4% of the market. Chinese companies are on track to reach 150,000 cars this year, nearly double the 80,000 sold in 2021.

But almost half of Chinese cars sold were electric vehicles, according to Inovev, giving them a 5.8% share of the European fully electric vehicle market.

Inovev vice-president Jamel Taganza said all Chinese cars sold in Europe would be electric vehicles within a few years, with other lower-cost models on the way.

By 2030, Inovev estimates that electric vehicles will represent 40% of new car sales in Europe and that Chinese brands will represent between 12.5% ​​and 20% of this all-electric market, with sales between 725,000 and 1 .16 million vehicles.

“This is a conservative forecast,” Taganza said. “But it could grow faster, especially if European automakers fail to meet Europe’s need for affordable electric vehicles.”

Achieving a five-star rating is expensive for automakers, as it means investing in additional safety features, from additional airbags to collision avoidance, driver assistance and driver monitoring systems.

Thatcham’s Avery said Chinese EV makers have been actively engaging with Euro NCAP and eagerly making the necessary investments to achieve top marks.

“Forget what you might think Chinese means lower quality or lower safety performance,” he said. “Their quality is now better than others.”

BYD is launching three cars in a handful of European markets and will add more models and markets next year, all of which should have top safety ratings, said Michael Shu, general manager of BYD Europe.

“We think a five-star rating should be a very basic requirement,” he said.

“TAKE ADVANTAGE OF THIS ADVANTAGE”

Great Wall Motor’s ORA Funky Cat, meanwhile, will launch in Britain, Germany, Ireland and Sweden later this year.

Starting at around 32,000 pounds ($36,330) in Britain, around 5,000 pounds cheaper than VW’s ID.3, Funky Cat features include facial recognition to store seat preferences, driver assistance systems, rear view camera and wireless phone charging.

Toby Marshall, UK sales and marketing director for GWM’s ORA brand, said that if a car is well made, feature packed, has a high safety rating and is competitively priced, no matter where it has been built.

“These are the key ingredients that matter to car buyers,” Marshall said, while showing off the Funky Cat in his office in Solihull, in the Midlands of England.

Bill Russo, director of Shanghai-based consultancy Automobility Ltd, said the problem for many international automakers was that they were ceding the advantage to Chinese rivals when it came to building lower-cost electric vehicles. .

“The only place on the planet where you’ll find an affordable electric vehicle today is China,” Russo said. “And they leverage that advantage.”

($1 = 0.8808 pounds)

Additional reporting by Zoey Zhang in Shanghai and Giulio Piovaccari in Milan; Editing by David Clarke

Our standards: The Thomson Reuters Trust Principles.

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Electronic Article Surveillance Market 2022 Analysis by Region and Business Growth Drivers by 2032 | Main players: Checkpoint Systems (Canada), Johnson Controls (Ireland), Agon Systems (UK), ALL-TAG Corporation (USA), Amersec (Czech Republic) https://eumag.org/electronic-article-surveillance-market-2022-analysis-by-region-and-business-growth-drivers-by-2032-main-players-checkpoint-systems-canada-johnson-controls-ireland-agon-systems-uk-all-tag/ Fri, 18 Nov 2022 05:38:08 +0000 https://eumag.org/electronic-article-surveillance-market-2022-analysis-by-region-and-business-growth-drivers-by-2032-main-players-checkpoint-systems-canada-johnson-controls-ireland-agon-systems-uk-all-tag/ Electronic Article Surveillance Market The latest research study published by Quince Market Insights “Electronic Article Surveillance Market” with over 400 pages of analysis on the business strategy adopted by key and emerging players in the industry and provides know-how on the current market development, landscape, technologies, drivers, opportunities, view and status of the market. This […]]]>

Electronic Article Surveillance Market

The latest research study published by Quince Market Insights “Electronic Article Surveillance Market” with over 400 pages of analysis on the business strategy adopted by key and emerging players in the industry and provides know-how on the current market development, landscape, technologies, drivers, opportunities, view and status of the market. This most recent research report predicts that by 2032, the growth of the Electronic Article Surveillance Market will have reached a healthy CAGR. In this study, 2021 has been considered as the base year, 2022 is considered as the estimate year and 2023 to 2032 as the forecast period to estimate the market size for Electronic Article Surveillance.

This research report showcases all the major systems and innovations which have recently been employed across the global industry in the global Electronic Article Surveillance Market. Market prices are calculated from the point of view of the strong consumer, taking into account the main suppliers and the market economies concerned. This research study also analyzes the business growth status and potential market trends globally. Further, the global market segmentation by type, region and application is thoroughly and intensively studied and the market profile and associated outlook disclosed. Major public users fund market volumes and asset development is supported by private users. Likewise, data from major market players has been extensively presented in the research study.

Request the sample PDF for detailed information on report offerings: https://www.quincemarketinsights.com/request-sample-75491

This research report also highlights leading industry players in the global Electronic Article Surveillance market providing details such as company profiles, product specifications, product price, cost and willingness to share, availability and communication of data. The feasibility of existing investment programs is checked and the full results of the analysis are discussed. This research also presents key statistics on the recent business situation, with tables and figures helping to report on the global market, and perhaps a key source of guidance & direction. Also, it lists upstream raw materials and downstream demand analysis. comprehensively. Electronic Article Surveillance Market Research Report Includes Leading Players Checkpoint Systems (Canada), Johnson Controls (Ireland), Agon Systems (UK), ALL-TAG Corporation (USA), Amersec (Czech Republic), TAG Company (UK), Ketec (USA) , WG Security Products (USA), Softdel (USA), Shenzhen Emeno Technology (China), Cross Point (Netherlands), Takachiho Koheki (Japan), Stanley Security (USA), Shopguard Systems (Hungary ), Dexilon Automation (Spain), Feltron Security Systems (UAE), and Sentry Custom Security (Canada).

The market segment study covers market size, market sub-segments, upstream price & cost situation and business climate. The study also examines factors affecting industry growth and the concept of trade channels. The analysis begins with a description of the supply chain framework and shows the upstream one. Further, the study analyzes the market size and forecast across different geographies, categories, and end-use segments and provides an overview of market competition and key company profiles, along with a price review. of the market and the characteristics of the sales channel. The electronic article surveillance market is segmented by component (tags, antennas and detachers), technology, end user (clothing and fashion accessories stores, supermarkets and mass merchandisers, pharmacies and health food stores)
Major regions covered in the study include North America, Europe, Asia-Pacific, Middle East and Africa and South America. During the forecast era, the North American region is expected to experience significant growth and have the highest CAGR. Expansion in the region may be due to growing demand and favorable legislation in the United States.

In terms of pages, the Electronic Article Surveillance Market research report is vast and offers unique data, facts, important statistics with tables and figures, trends and competitive landscape details of this specialized market.

During the forecast period, increasing investments from major players, especially in Japan, will contribute to the development of the region. By 2032, demand will be further driven by booming Japanese industry. Government support for ongoing manufacturing projects in the region will provide an opportunistic line for regional demand. The ever-increasing demand from customers will drive the growth of the industry over the forecast period.

Primary data: Primary market research is a type of research that involves acquiring information from target industries, either through a third party or directly from customers.

Secondary data: Secondary market research is a survey strategy in which a company relies on publicly available data to learn more about its customers and target markets.

Market valuation and forecasting methodology: Market research fills the gap between a good or service and its target market or customer. Market research information helps a manufacturer or service provider develop a product or service plan that meets the specific needs of the target market.

Quantitative market research: Quantitative market research is a method of collecting data about the target market and consumers that can be quantified.

Qualitative market research: Qualitative market research is a way of collecting qualitative data about target markets through the use of instruments and procedures such as focus groups and interviews.

Product development and innovation: Detailed information on upcoming technologies, product launches as well as research and development activities in the global market.

Market penetration: In-depth information about the product portfolios of leading market players in the global Electronic Article Surveillance Market.

Market Diversification: Exhaustive details about the design, development, untapped geography of the new product as well as investments in the Electronic Article Surveillance market.

Consequences of COVID-19
As it is difficult for companies to plan or make crucial business decisions in these turbulent and unpredictable times, industries are all trying to overcome them. The COVID-19 outbreak has wreaked havoc on the manufacturing and construction industries in several ways, including commodity supply and prices, worker availability, and project completion times. Raw material shortages and supply chain disruptions have had an effect on the industry.

“COVID-19 Pandemic Offer for Our Clients: Buy this report now and receive a free consultation from our analyst plus a special discount. Offer valid for a limited time”

What does this study bring?

  • How is the electronic article surveillance market evolving?
  • What drives and hinders the momentum of electronic article surveillance?
  • How will the segment of each Electronic Article Surveillance submarket grow during the forecast period and how much sales will these submarkets account for in 2032?
  • How will the market shares of each of the electronic article surveillance submarkets grow from 2019 to 2032?
  • Which Electronic Article Surveillance submarket will be the primary driver of the overall market from 2019 to 2032?
  • How will political regulatory factors influence the regional electronic article surveillance markets and sub-markets?
  • How will the market shares of national markets change by 2032 and which nation will lead the market in 2032?
  • Who are the key players and what is the outlook over the forecast period?
  • How will the sector evolve as a platform for alliances during the period between 2019 and 2032?

Have a 15-minute chat with the lead analyst and report author in a time slot you’ve decided. You will be briefed on the contents of the report and questions regarding the scope of the document will also be addressed.

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Key questions answered by this report:

  • Global Electronic Article Surveillance Market Forecast and Submarkets Covering the Period 2019 to 2032 with Associated Analysis
  • Detailed details and analysis of contracts, projects and programs
  • Analysis of game-changing technology trends and how they are shaping the industry
  • Explanation of policy, regulatory and technical factors to consider
  • Analysis of barriers to entry for markets around the world
  • Profiles of the main companies operating in the sector
  • SWOT analysis of major key players operating in the market along with available opportunities and major driving threads
  • Market Conclusions and Recommendations

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American Electric Power Company Inc (AEP) is down -0.44% in one week, should you sell? https://eumag.org/american-electric-power-company-inc-aep-is-down-0-44-in-one-week-should-you-sell/ Tue, 15 Nov 2022 18:32:27 +0000 https://eumag.org/american-electric-power-company-inc-aep-is-down-0-44-in-one-week-should-you-sell/ American Electric Power Company Inc (AEP) is near the top of its industry group according to InvestorsObserver. AEP scores an overall rating of 55. This means it scores above 55% of the shares. American Electric Power Company Inc achieves an 81st rank in the Utilities Industry – Regulated Electricity. Utilities – Regulated electricity is number […]]]>

American Electric Power Company Inc (AEP) is near the top of its industry group according to InvestorsObserver. AEP scores an overall rating of 55. This means it scores above 55% of the shares. American Electric Power Company Inc achieves an 81st rank in the Utilities Industry – Regulated Electricity. Utilities – Regulated electricity is number 85 out of 148 industries.

AEP has an overall score of 55. Find out what this means for you and get the rest of the ranking on AEP!

What do these notes mean?

Finding the best stocks to invest in can be difficult. There are thousands of options and it can be confusing to know what really constitutes great value. InvestorsObserver lets you choose from eight unique metrics to display the top industries and top performing stocks within that industry. A score of 55 would be over 55% of all actions. These rankings allow you to easily compare stocks and see what the strengths and weaknesses of a given company are. This allows you to find the stocks with the best short-term and long-term growth prospects in seconds. The combined score incorporates technical and fundamental analysis to provide a comprehensive view of a stock’s performance. Investors who then want to focus on analyst rankings or valuations can see separate scores for each section.

What’s going on with American Electric Power Company Inc stock today?

American Electric Power Company Inc (AEP) stock is trading at $88.86 at 1:17 p.m. on Tuesday, November 15, up $0.20, or 0.23% from the previous closing price. of $88.66. Volume today is less active than usual. So far, 2,275,552 shares have been traded against an average volume of 3,318,791 shares. The stock has traded between $88.86 and $90.58 so far today. Click here for the full American Electric Power Company Inc. stock report.

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The world’s largest automakers will build 400 million more vehicles than the 1.5C climate target will allow | Electric vehicles https://eumag.org/the-worlds-largest-automakers-will-build-400-million-more-vehicles-than-the-1-5c-climate-target-will-allow-electric-vehicles/ Thu, 10 Nov 2022 03:02:00 +0000 https://eumag.org/the-worlds-largest-automakers-will-build-400-million-more-vehicles-than-the-1-5c-climate-target-will-allow-electric-vehicles/ According to a study, the world’s largest automakers plan to build about 400 million more diesel and gasoline cars than is sustainable to contain global warming. Researchers from the University of Technology Sydney (UTS), Bergisch Gladbach University of Applied Industrial Sciences and Greenpeace Germany compared the speed at which the world needed to adopt zero-emission […]]]>

According to a study, the world’s largest automakers plan to build about 400 million more diesel and gasoline cars than is sustainable to contain global warming.

Researchers from the University of Technology Sydney (UTS), Bergisch Gladbach University of Applied Industrial Sciences and Greenpeace Germany compared the speed at which the world needed to adopt zero-emission vehicles with the speed at which major automakers planned to produce various models.

The report, which looked at 12 carmakers around the world, showed some of Australia’s most popular brands – Toyota, Volkswagen and Hyundai/Kia – were on track to make far more petrol and diesel cars than t is only sustainable if the world is to limit global warming to the Paris Climate Agreement target of 1.5°C.

The researchers calculated the global carbon budget – how much carbon the world can still emit and stay within a 1.5°C envelope – using a climate model developed by UTS and arrived at a figure of 53 Gt.

“The carbon budget of 53Gt allows the sale of 315 million additional ICE [internal combustion engine] vehicles from 2022,” the report said.

“At the same time, however, projected ICE sales vary between at least 645 million and 778 million vehicles. This represents a 105% to 147% overrun of the number of sales of ICEs compatible with 1.5 °C.”

Automakers around the world are turning to electric vehicles, with companies such as Volvo, General Motors and Mercedes-Benz planning to stop making gasoline engines, some as early as 2025.

But Toyota was expected to produce 63 million more petrol and diesel cars than was sustainable, followed by Volkswagen with 43 million and Hyundai with 39 million, the report said.

Sven Teske, associate professor at UTS and co-author of the report, said research has shown there is a need for a global ban on new gasoline-powered vehicles beyond 2030.

“By 2030 at the latest, all new vehicles sold on the market must be electric,” Teske said.

Dr Robin Smit, director of Transport Energy/Emission Research who was not involved in the report, said Australia had become a market for heavy, thirsty SUVs.

“The sustained and growing proportion of large and heavy passenger vehicles in on-road fleets around the world and particularly in Australia is having a detrimental effect on fuel efficiency and global greenhouse gas emissions,” Smit said.

The worst performer was Australia’s most popular automaker, Toyota.

Lindsay Soutar, campaign manager at Greenpeace, said the company had lagged in adopting zero-emission vehicles and its global lobbying efforts had blocked policies aimed at encouraging change.

“What the report shows and what we found is that Toyota is the worst performer of the lot,” she said. “The report shows they are the least on track of all the big four in Australia.”

Satour said other companies like Volkswagen had campaigned for better policy in Australia “which is positive”, although she still needed to do more.

A Toyota Australia spokesperson said in a statement that the company was Australia’s “largest supplier of hybrid vehicles with over 300,000 sold since 2001”.

“Toyota is not limited to a single technical solution,” the spokesperson said. “We remain absolutely committed to providing our customers with a diverse range of vehicles and technologies, including [battery electric vehicles]that will help them on their journey to zero tailpipe emissions based on their individual automotive situation, ensuring that no one is left behind.

The spokesperson said Toyota Australia would “welcome” the introduction of a mandatory CO2 emissions standard for new vehicles that “works to support the achievement of the goals of the Paris Agreement”.

Speaking of Australia specifically, a Volkswagen Group Australia spokesperson said the company plans to bring several new models of battery electric vehicles to Australia.

“While Volkswagen Group Australia has obtained production approval for a range of electric and plug-in hybrid vehicles this year, these are coming from Europe, where demand exceeds supply,” the spokesperson said. .

“While progress is finally being made, Australia remains a considerable distance behind other developed countries in creating the conditions for electric vehicles. Putting in place an emissions target for auto importers will ensure greater supply of affordable electric vehicles and will enable mass market importers to meet demand.

Hyundai Australia has been contacted for comment.

Behyad Jafari, from the Electric Vehicle Council, said the demand for zero-carbon vehicles was “absolutely there” but customers were forced to buy petrol-powered cars due to a lack of supply.

“The reality is that every EV that comes here was sold out and sold out six months before it landed,” Jafari said. “Automakers will flag all of their gas-powered vehicles as an indicator of customer demand, but they won’t tell you that people are walking into their dealerships and asking for electric vehicles every day.”

Jafari said that since Australia had delayed converting its car fleet to electricity and the average lifespan of a vehicle is nearly 20 years, the government must act quickly to meet its international obligations. of emissions.

“The question is, what burden are we placing on all the other sectors? ” he said. “How much more will farmers, industry and other sectors have to cut emissions more to compensate for the fact that some automakers want to make more money now?”

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ERoad slashes revenue forecast after securing US customers https://eumag.org/eroad-slashes-revenue-forecast-after-securing-us-customers/ Sun, 06 Nov 2022 22:04:40 +0000 https://eumag.org/eroad-slashes-revenue-forecast-after-securing-us-customers/ ERoad offers devices and software used by transportation companies to track driving hours, maintenance, and health and safety compliance. Photo: 123RF Transportation software company ERoad has cut its revenue forecast as it continues to battle shortages and rising costs. In a market update, it said it had signed a new customer in the United States […]]]>

ERoad offers devices and software used by transportation companies to track driving hours, maintenance, and health and safety compliance.
Photo: 123RF

Transportation software company ERoad has cut its revenue forecast as it continues to battle shortages and rising costs.

In a market update, it said it had signed a new customer in the United States and renewed its contract with another major truck fleet operator.

Chief executive Mark Heine said the company is now growing thanks to its takeover of fellow transportation technology company Coretex.

“With our expanded portfolio of products and capabilities, since the merger with Coretex, we are now beginning to convert our pipeline into sales and continue to retain key customers in the challenging and competitive North American market.”

ERoad has developed and sells software used by trucking companies to manage their vehicle fleets, driver hours and maintenance.

He said he had signed a new US customer Sysco, a food service company with 9,000 trucks, while existing customer ABC Supply had renewed its contract for 6,000 vehicles for at least two years.

It cut its revenue forecast to a range of $154 million to $164 million from the previous range of $150 million to $170 million, and maintained its pretax normalized breakeven point at $5 million for the current exercise.

He said he was still feeling various cost headwinds, which he was countering with cost reductions.

“Cost reduction initiatives will reduce the impact of inflationary pressures and translate into improved performance in the second half of FY23,” Heine said.

“EROAD continues to experience disruptions in its global supply chains, including access to critical electronics supply and price escalation. This situation is being actively managed through longer procurement lead times, to increased inventory levels and strong supplier relationships.”

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Subaru won’t build electric cars in the US because it can’t compete with McDonald’s wages https://eumag.org/subaru-wont-build-electric-cars-in-the-us-because-it-cant-compete-with-mcdonalds-wages/ Fri, 04 Nov 2022 10:24:35 +0000 https://eumag.org/subaru-wont-build-electric-cars-in-the-us-because-it-cant-compete-with-mcdonalds-wages/ Subaru said it has no plans to build its electric cars in the United States because it claims it cannot compete with McDonald’s starting salary of $20 an hour. Since the announcement of the federal electric vehicle tax credit reform in the United States, we have reported more than a dozen announcements from foreign automakers […]]]>

Subaru said it has no plans to build its electric cars in the United States because it claims it cannot compete with McDonald’s starting salary of $20 an hour.

Since the announcement of the federal electric vehicle tax credit reform in the United States, we have reported more than a dozen announcements from foreign automakers investing in the production of electric vehicles in the country.

This is due to the new federal tax credit including a protectionist clause that requires automakers to produce electric vehicles in North America to access the $7,500 incentive.

The incentive is big enough that in some low-end segments it will be hard to compete without it.

However, we now learn that it is not enough to convince Subaru to invest in the production of electric vehicles in North America. The reason for the decision is quite surprising.

Commenting on the matter during the company’s latest financial results release, CEO Tomomi Nakamura said Subaru has no current plans to build an electric car factory in the United States because it cannot compete with the McDonald’s salaries (via Auto News):

“In Indiana, part-time workers at McDonald’s earn between $20 and $25 an hour, which competes with what temporary workers at our plant earn. If we were to build a new factory, it would be very difficult to hire new people for it. Labor costs are increasing now. It is quite difficult for us to find workers for our Indiana plant, including those from suppliers.

Subaru currently operates a vehicle assembly plant in Indiana where it employs approximately 6,000 workers to produce Ascent, Impreza, Legacy and Outback models.

The automaker only has one electric vehicle for sale: the Subaru Soltera, but it’s partnered with Toyota and essentially the same vehicle as the bZ4X.

Like some of its Japanese peers, Subaru is considered a latecomer when it comes to the transition to electric vehicles. It currently only plans to have its own dedicated electric vehicle production in 2027 with a new factory in Japan.

Electrek’s Grasp

I understand that the labor shortage is an extremely difficult situation to manage at the moment. That said, I’m not impressed with why Subaru doesn’t produce electric vehicles in North America.

The automaker really doesn’t know how to pay workers more to produce a complex $45,000 product than workers making $5 hamburgers. Is it too difficult of a problem for them?

If that doesn’t work, Subaru will struggle to compete during the switch to electric. The automaker might as well drop out of the North American market in about 3 years if it can’t expand its EV offering.

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RADA Electronic Industries: Approval of Transaction Bonus Payment to Mr. Dubi Sella – Form 6-K https://eumag.org/rada-electronic-industries-approval-of-transaction-bonus-payment-to-mr-dubi-sella-form-6-k/ Mon, 31 Oct 2022 20:48:09 +0000 https://eumag.org/rada-electronic-industries-approval-of-transaction-bonus-payment-to-mr-dubi-sella-form-6-k/ Approval of the transaction bonus payment to Mr. Dubi Sella As previously announced, on June 21, 2022, RADA Electronic Industries Ltd. (the “Company”) has entered into the agreement and plan of merger (the “Merger Agreement”) with Leonardo DRS, Inc., a Delaware corporation (“DRS”). For further details regarding the merger agreement and the […]]]>


Approval of the transaction bonus payment to Mr. Dubi Sella

As previously announced, on June 21, 2022, RADA Electronic Industries Ltd. (the “Company”) has entered into the agreement and plan of merger (the “Merger Agreement”) with Leonardo DRS, Inc., a Delaware corporation (“DRS”). For further details regarding the merger agreement and the transactions contemplated by it (the “Merger”), see the proxy statement provided to the Securities Exchange Commission Israel Securities Authority and the Tel Aviv Stock Exchange (“TASE”) ) on Form 6-K dated September 14. 2022.

At the extraordinary meeting of shareholders of the Company, held on October 19, 2022 (the “October EGM”), the shareholders of the Company approved the Merger and several other proposals. One of the proposals submitted to the October EGM was the approval of the payment of a transaction bonus to Mr. Dubi Sella, the Chairman and Chief Executive Officer of the Company (the “CEO”), in the amount of $2,000,000, subject to the closing of the merger (the “CEO Deal Bonus”).

In their initial deliberations, the company’s audit and compensation committee and board of directors discussed Mr. Sella’s contribution to the proposed merger, noting that the proposed CEO transaction bonus was not consistent with the company’s compensation policy for office holders that was in effect. at the time. They noted that the Company’s compensation policy did not provide sufficient tools to compensate an office holder for a substantial contribution to a material transaction that required significant management resources, contribution, support and ongoing involvement. Following their review, the Company’s Audit and Compensation Committee and Board of Directors have approved and recommended that shareholders approve payment of the CEO Transaction Bonus within 30 days of the closing of the merger and have determined that this resolution is in favor of the Company. The payment of the CEO Transaction Bonus was not approved by the required majority of the Company’s shareholders at the October EGM.

Israel’s Companies Law of 1999 (the “Israeli Companies Law”) allows a company’s compensation committee and board of directors to approve the terms of employment of a chief executive despite the objection of shareholders to the terms of employment in particular circumstances, based on detailed reasoning, after reviewing the proposed terms of employment and taking into account, among other things, the objection of shareholders. Based on the provisions of Israeli Companies Law, after the October EGM, the Company’s Audit and Remuneration Committee and subsequently the Company’s Board of Directors met to deliberate payment of the CEO transaction bonus. In their deliberations, the Company’s Audit Committee and Board of Directors discussed, among other matters, the Company’s shareholders’ objection to the October EGM and the following considerations:

During his tenure as CEO of the company (since November 2016), Mr. Sella has built the company into a leading global company. This transition translates, among other things, into a fundraising of more than 100 million dollars, a positive change in management, a substantial increase in the number of employees from just over 80 employees in 2016 to more than 340 currently employed and the adoption of a unique business model in the defense market known as “RADA-Inside”, which has increased annual revenues from approximately $13 million in 2016 to over $117 million in 2021. Mr. Sella was determined to be instrumental in the company’s exceptional 1,000% increase in stock value since 2016.

Mr. Sella has been an employee of the Company in various managerial positions for approximately 20 years (since 2003), possesses the knowledge, skills, education, expertise, experience and qualities required for the exercise of the position of CEO and has successfully served as CEO for over five years. Mr. Sella’s contribution to the Company and his significant influence on its performance, growth, achievements and the achievement of its short and long-term objectives are essential for the Company. Mr. Sella has overseen and significantly influenced the ongoing operations of the company and its success in managing the challenges and crises that have arisen since his appointment as CEO and through the execution of the merger agreement .

Mr. Sella was instrumental in moving the merger forward, beginning with the search for potential business combination candidates and continuing through the due diligence, negotiations and pre-sales process. -fence for obtaining various permits and approvals. The Merger project was approved by more than 99% of the Company’s shareholders who voted at the October EGM. Mr. Sella is one of the key employees whom DRS has asked to continue his employment with the Company following the completion of the Merger. Mr. Sella is also expected to become a member of the Board of Directors of the Company following completion of the Merger.

The Company’s shares began trading on the NASDAQ stock market in 1985 and on the TASE in early 2021. The most relevant business environment for the Company is the US market. Therefore, the proposed bonus should be assessed against executive compensation terms of comparable US companies.

The results of the shareholder vote in connection with the payment of the CEO Transaction Bonus at the October EGM reflect the support of a substantial part of the Company’s shareholders (46.2% of the shares voted in favor and 53.8 % voted against). In addition, discussions held by representatives of the Audit and Remuneration Committee and of the Board of Directors with representatives of the Company’s public shareholders and with institutional investors show that these entities voted on the basis of considerations general, uniform and inflexible policies included in their internal voting policies, which policies failed to take into account the fact that the majority of the Company’s operations take place in the United States market, and did not give appropriate weight to the specific circumstances of the Company and the Merger and to the contribution of the CEO and the importance of maintaining his employment within the Company.

Israel’s corporate law specifically grants a corporation’s compensation committee and board of directors the right to override the resolution of the corporation’s shareholders and final authority to determine the terms and conditions of employment of executives, including including the general manager.

In light of the foregoing, the members of the Audit and Compensation Committee and the Board of Directors have determined that the CEO Transaction Bonus is reasonable and fair in the circumstances, and have determined unanimously to ratify and approve the payment of the CEO transaction bonus after and subject to the completion of the Merger.

Disclaimer

Rada Electronic Industries Limited published this content on October 31, 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unmodified, on October 31, 2022 8:47:50 PM UTC.

Public now 2022

All the news from RADA ELECTRONIC INDUSTRIES LTD.

Analyst Recommendations for RADA ELECTRONIC INDUSTRIES LTD.

2022 sales 112 million

Net income 2022 5.39 million

Net debt 2022

PER 2022 ratio 105x
2022 return
Capitalization 557M
557M
capi. / Sales 2022 4.97x
capi. / Sales 2023 3.61x
# of employees 308
Floating 88.4%

Chart RADA ELECTRONIC INDUSTRIES LTD.


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Period :




Technical Analysis Chart of RADA Electronic Industries Ltd.  |  MarketScreener

Trends Technical Analysis RADA ELECTRONIC INDUSTRIES LTD.

Short term Middle term Long term
Tendencies Bullish Neutral Neutral




Evolution of the income statement

Sale

To buy

Medium consensus TO BUY
Number of analysts 4
Last closing price $11.20
Average target price $14.00
Average Spread / Target 25.0%


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Automotive electronic expansion valve market size has been assessed https://eumag.org/automotive-electronic-expansion-valve-market-size-has-been-assessed/ Sun, 23 Oct 2022 18:48:22 +0000 https://eumag.org/automotive-electronic-expansion-valve-market-size-has-been-assessed/ The global Automotive Electronic Expansion Valves market size was valued at USD 21.47 Billion in 2021 growing at a CAGR of 6.30% from 2022 to 2032. Evolve Business Intelligence provides in-depth research study which helps to focus on major market dynamics in several regions around the world. Additionally, detailed market assessment is conducted by our […]]]>

The global Automotive Electronic Expansion Valves market size was valued at USD 21.47 Billion in 2021 growing at a CAGR of 6.30% from 2022 to 2032. Evolve Business Intelligence provides in-depth research study which helps to focus on major market dynamics in several regions around the world. Additionally, detailed market assessment is conducted by our analysts across various geographies including North America, Europe, Asia-Pacific, Latin America, Middle East and Africa to to offer clients the opportunity to dominate emerging markets. The Automotive Electronic Expansion Valves market study includes growth factors, restraining factors, challenges, and opportunities, which allows companies to assess the market capacity of the industry. The report provides the market size from 2020 to 2032 with a forecast period from 2022 to 2032. The report also contains revenue, production, sales consumption, price trends and other factors essential to assess any market .

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Highlights:
• The global Automotive Electronic Expansion Valves market size was valued at USD 21.47 Billion in 2021, growing at a CAGR of 6.30% from 2022 to 2032.
• Asia-Pacific dominated the market in 2021
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The Automotive Electronic Expansion Valve market report gives comprehensive information about the business and its past performance. The report also provides detailed market share analysis along with product benchmarking along with key developments.

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● Fujikoki
●Emerson
● SANHUA
● Castle
● Dunan
● CAREL INDUSTRIES
● Saginomiya
● VOLGA
● Parker
● Danfoss Group

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Electric scooters give Red Deer businesses a multi-million dollar boost, companies say https://eumag.org/electric-scooters-give-red-deer-businesses-a-multi-million-dollar-boost-companies-say/ Thu, 20 Oct 2022 17:23:27 +0000 https://eumag.org/electric-scooters-give-red-deer-businesses-a-multi-million-dollar-boost-companies-say/ “Our vision has always been to partner with Canadian cities to help them build a more prosperous and sustainable future. We are encouraged that our new report clearly demonstrates that we are on the right track. Data shows that our electric scooters are helping to boost Red Deer’s economy and revitalize local main streets, which […]]]>

“Our vision has always been to partner with Canadian cities to help them build a more prosperous and sustainable future. We are encouraged that our new report clearly demonstrates that we are on the right track. Data shows that our electric scooters are helping to boost Red Deer’s economy and revitalize local main streets, which is certainly welcome, especially in the wake of the COVID-19 pandemic,” said Ankush Karwal, market manager, Neuron.

“However, our work doesn’t stop there and we are committed to helping Red Deer thrive for the long term. Neuron’s electric scooters have also helped make cities more livable, providing much-needed first- and last-mile transportation options, improving local public transportation networks, and helping cities run around the clock. 7 days a week, providing essential transportation for those working night shifts.

Neuron also estimates that 16% of trips would not have taken place if an e-scooter was not available. The most common places to shop are restaurants and leisure facilities.

Interestingly, Neuron also found that 26% of trips that start and end at Red Deer Regional Hospital happen at night, “helping healthcare workers get to and from work.”

At Bird, they estimate an economic impact of $35 million in the 10 cities where it operates. Bird had 200 scooters in Red Deer this year.

Their figures also show that around 40% of vehicles are replaced, meaning 1.2 million car journeys not made in the past three years, with Bird electric scooters alone.

While Bird hasn’t compiled the same level of report, Chris Schafer, vice president, government affairs, agrees that the trend is for more foot traffic toward downtown.

“We’ve spent a lot of time talking to business improvement areas (Downtown Business Association) and chambers, and they agree that having a convenient, affordable, sustainable and environmentally friendly way to get around makes a difference,” says Schafer.

“It brings people downtown, which is part of the revitalization. It brings a general dynamism, and municipalities have talked about seeing people moving around on scooters to re-engage with the city in a different way. You can stop, talk to people or get off if something catches your eye, which is harder to do in a car as you have to find parking etc.

The third company, Roll, which did not return to rdnewsNOWhas been allowed 500 scooters by the City of Red Deer, though final numbers won’t be known until after the season is officially over, according to the city.

The City conducts an end-of-season survey each year, with the same questions being asked this year as last year, with an addition regarding the age limit change in 2022. The survey also includes a question on injuries, something that eight percent of survey respondents said they experienced in 2021.

Red Deer Mayor Ken Johnston calls the electric scooter rider’s second season a “brilliant success.”

“We are grateful to citizens who have embraced this new program which provides a fun, engaging and new way to get around our city,” said Johnston. “E-scooters continue to be an incredible way to kick-start our local economy and community life, bringing Red Deer residents together and exploring our downtown core. Not only has this allowed us to welcome several new businesses to our community through the e-scooter vendors, but the economic trickle-down effect that has been created by getting people out and re-exploring businesses they might not have known otherwise was amazing. The City Council and I look forward to the third season of the pilot program next summer.

This year’s season ends on October 31 and next year’s rollout will begin on or around March 15. A full evaluation will be done after the third year of the pilot.

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Smartphone maker Foxconn unveils electric vehicle for Taiwanese brand Yulon https://eumag.org/smartphone-maker-foxconn-unveils-electric-vehicle-for-taiwanese-brand-yulon/ Tue, 18 Oct 2022 05:52:27 +0000 https://eumag.org/smartphone-maker-foxconn-unveils-electric-vehicle-for-taiwanese-brand-yulon/ TAIPEI – The company that assembles smartphones for Apple Inc. and other global brands on Tuesday unveiled an electric SUV that will be produced for a Taiwanese automaker under a similar contract model. Foxconn Technology Group said the SUV will be sold by Yulon Motor as the Luxgen n7 starting next year. He said the […]]]>

TAIPEI – The company that assembles smartphones for Apple Inc. and other global brands on Tuesday unveiled an electric SUV that will be produced for a Taiwanese automaker under a similar contract model.

Foxconn Technology Group said the SUV will be sold by Yulon Motor as the Luxgen n7 starting next year. He said the five-seater should be able to travel 700 kilometers (440 miles) on a single charge. No price has been announced.

Foxconn, also known as Hon Hai Precision Industry Co., plans to produce electric cars and buses for brands in China, North America, Europe and other markets. He said customers can change their look and functionality.

The company adds to a crowded global market with electrical products offered by nearly every established automaker and dozens of ambitious startups.

“Hon Hai will definitely redefine the electric vehicle industry,” company founder Terry Gou said in a statement.

Foxconn, headquartered in New Taipei City, Taiwan, is the world’s largest contract assembler of smartphones and other consumer electronics.

Yulon, founded in the 1940s, assembles vehicles for Nissan Motor Co. and other automakers. The company launched its own brand, Luxgen, in 2009.

The Luxgen n7 is one of five models offered to potential customers.

On Tuesday, Foxconn also introduced a five-seat crossover, the Model B, and a five-seat double-cab pickup, the Model V.

The company previously announced plans for a sedan developed with Italian design house Pininfarina and an electric bus, the Model T.

___

Foxconn: www.foxconn.com

Yulon Motor: www.yulon-motor.com.tw

Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

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