$ 1.28 Billion Growth in Global Automotive Electric Vacuum Pump Market 2021-2025 | 47% Growth to Originate from APAC | Technavio

NEW YORK, March 3, 2021 /PRNewswire/ — The automotive electric vacuum pump market is expected to grow by USD 1.28 billion during 2021-2025, expanding at a CAGR of over 8%. <a target="_blank"…

NEW YORK, March 3, 2021 /PRNewswire/ — The automotive electric vacuum pump market is expected to grow by USD 1.28 billion during 2021-2025, expanding at a CAGR of over 8%. Get a Free Sample Report Delivered Instantly

The report throws light on the impact of the COVID-19 pandemic on the market and the new opportunities and challenges market players can expect.

Automotive Electric Vacuum Pump Market: Improved fuel efficiency of vehicles to drive growth

Mechanical vacuum pumps used in automobiles are directly connected to engines and they constantly remain functional even when brakes are not applied. This increases fuel consumption in vehicles. Hence, automobile manufacturers are replacing mechanical vacuum pumps with electric vacuum pumps as they help in improving the fuel-efficiency of the vehicles. This is one of the major factors driving the growth of the global automotive electric vacuum pump market.

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As per Technavio, the rising sales of vehicles equipped with electric vacuum pump-enabled brake boosters will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2021-2025.

Automotive Electric Vacuum Pump Market: Rising Sales of Vehicles Equipped with Electric Vacuum Pump-Enabled Brake Boosters

Factors such as emerging consumer needs, new vehicle launches, and improving socio-economic conditions in developing countries have created intense competition in the global automotive industry. This is forcing automakers to increase their focus on improving the performance, fuel efficiency, and safety and comfort levels of vehicles. These factors are helping automakers to attain a competitive edge over their competitors. Braking systems play an important role in the performance of vehicles as they directly impact the fuel efficiency and emissions in vehicles. Hence, automobile manufacturers are increasingly adopting electric vacuum pump-enabled brake boosters are in modern vehicles. Such developments in the automotive industry are expected to positively influence the growth of the global automotive electric vacuum pump market during the forecast period.

«The use of advanced materials in electric vacuum pumps and the presence of stringent regulations and standards related to emissions will further boost market growth during the forecast period», says a senior analyst at Technavio.

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Automotive Electric Vacuum Pump Market: Segmentation Analysis

This market research report segments the automotive electric vacuum pump market by Application (Passenger cars and Commercial vehicles) and Geography (APAC, Europe, North America, South America, and MEA).

The APAC region led the automotive electric vacuum pump market in 2021, followed by Europe, North America, South America, and MEA respectively. During the forecast period, the APAC region is expected to register the highest incremental growth due to the continuous increase in demand for vehicles from countries such as China, India, and Southeast Asian economies.

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Some of the key topics covered in the report include:

Market Challenges

Market Drivers

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
Report: www.technavio.com/report/automotive-electric-vacuum-pump-market-industry-analysis

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Automotive Bicycle Rack Market Segmentation by Qualitative and Quantitative Research Incorporating Impact of Economic and Non-Economic Aspects By 2024 | Featuring Key Vendors – Allen Sports USA, Atera GmbH, Car Mate Mfg. Co. Ltd., Kuat Innovations, and Others

NEW YORK, March 3, 2021 /PRNewswire/ — The «Automotive Bicycle…

NEW YORK, March 3, 2021 /PRNewswire/ — The «Automotive Bicycle Rack Market by Product and Geography – Forecast and Analysis 2020-2024» report has been added to Technavio’s offering.

The automotive bicycle rack market is expected to grow by USD 820.00 million, progressing at a CAGR of about 5% during the forecast period. Get Free Sample Report in MINUTES

The increasing demand for adventure tourism is one of the major factors propelling market growth. However, factors such as decreased fuel efficiency of vehicles will hamper the market growth.

More details: https://www.technavio.com/report/automotive-bicycle-rack-market-industry-analysis

What our reports offer:

  • How businesses can stay relevant
  • What values are driving customer loyalty
  • Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
  • Covers market data for 2020, 2021, until 2025
  • Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations

Automotive Bicycle Rack Market: Product Landscape

Hitch mounted racks are the highest-selling type of automotive bicycle racks because of the benefits such as easy to install and detach when not in use and the availability of a wide variety of models with low-cost options. Moreover, some hitch mounted racks also have foldable models that could fold flat to provide clearance for parking. Therefore, influencing the growth of the market. Market growth in this segment will be faster than the growth of the market in the roof-mounted and trunk-mounted segment. 

Automotive Bicycle Rack Market: Geographic Landscape

Europe was the largest automotive bicycle rack market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. Factors such as the rising awareness about active lifestyles and the increasing popularity of leisure activities will significantly drive automotive bicycle rack market growth in this region over the forecast period. 38% of the market’s growth will originate from Europe during the forecast period. Germany is the key market for automotive bicycle racks in Europe. Market growth in this region will be slower than the growth of the market in APAC.

Companies Covered:

  • Allen Sports USA
  • Atera GmbH
  • Car Mate Mfg. Co. Ltd.
  • Kuat Innovations
  • Mont Blanc Group AB
  • Rhino Rack Pty Ltd.
  • Thule Group AB
  • Tyger Auto Inc.
  • VDL Groep BV
  • Yakima Products Inc.

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Bicycle Motors Market by Type and Geography – Forecast and Analysis 2020-2024: The bicycle motors market size has the potential to grow by 7793.49 thousand units during 2020-2024, and the market’s growth momentum will decelerate during the forecast period. To get extensive research insights: Get FREE Sample Report in Minutes!

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Key Topics Covered:

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Comparison by Product
  • Hitch-mounted rack – Market size and forecast 2019-2024
  • Trunk-mounted rack – Market size and forecast 2019-2024
  • Market opportunity by Product

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America – Market size and forecast 2019-2024
  • Europe – Market size and forecast 2019-2024
  • APAC – Market size and forecast 2019-2024
  • South America – Market size and forecast 2019-2024
  • MEA – Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Volume driver-Demand led growth
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Allen Sports USA
  • Atera GmbH
  • Car Mate Mfg. Co. Ltd.
  • Kuat Innovations
  • Mont Blanc Group AB
  • Rhino Rack Pty Ltd.
  • Thule Group AB
  • Tyger Auto Inc.
  • VDL Groep BV
  • Yakima Products Inc.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research 
Jesse Maida 
Media & Marketing Executive 
US: +1 844 364 1100 
UK: +44 203 893 3200 
Email: media@technavio.com 
Website: www.technavio.com/
Report Page:https://www.technavio.com/report/automotive-bicycle-rack-market-industry-analysis 

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Keystone Power Holdings Moves to Expand into Virginia, Maryland and Maine

PAOLI, Pa., March 3, 2021 /PRNewswire/ — Today, Keystone Power Holdings, LLC (Keystone), a renewable energy developer/owner of solar facilities, announced its intention to expand into Virginia, Maryland and <span…

PAOLI, Pa., March 3, 2021 /PRNewswire/ — Today, Keystone Power Holdings, LLC (Keystone), a renewable energy developer/owner of solar facilities, announced its intention to expand into Virginia, Maryland and Maine. It recently opened an office in Richmond, Virginia. Keystone has already completed medium to large photovoltaic solar projects in the Carolinas, Illinois, Massachusetts, New York, and New Jersey. Keystone’s customers range from municipalities and non-profits to schools and universities (private and public) to large public corporations.

«We are excited to be moving into new markets to offer solar energy to more clients while growing the company,» said William DePhillipo, co-founder of Keystone Power Holdings. «The company is well-positioned to take advantage of the favorable shifts in state policy in Virginia, Maryland and Maine. We continue to deepen our expertise in developing solar projects and look forward to building partnerships in these states.»

The company’s municipal/non-profit segment has been successful with a focus on wastewater treatment plants. Solid credit, high electricity usage and ease of installation make these types of solar installations attractive for all parties. As an example, Keystone worked with the City of Freeport, Illinois to bring solar energy to its sewage treatment plant. The system, 1.165 MW DC in size, is installed onsite and connected to the plant. The project has been financed through a long-term power purchase agreement (PPA) with Keystone. Estimated savings are significant – projected to be just under a million dollars over the term of the agreement.  

Keystone is one of the leading solar companies for treatment plant providers. It has many of these projects already in operation, an additional two awaiting permission to operate and a further project signed for construction later this year. This growth demonstrates Keystone’s leadership within the municipal/non-profit segment, and will allow it to serve its new customers well in Virginia, Maryland and Maine. 

«Municipal water and wastewater treatment plants are great clients for us. With electricity many times taking 40% or more of a plant’s operating budget, solar energy offers them an opportunity to reduce costs and have a positive environmental impact,» said Anthony Fotopoulos, co-founder of Keystone Power Holdings. «At the same time, it builds resiliency into the power grid and helps defend critical infrastructure against climate impact. We see this triple benefit (savings/environment/infrastructure) across our diverse customer base.»

The company remains positioned to finance a broader range of projects than many others in the solar industry. Its investment fund, KPH Solar Farms Fund I, continues to provide repeatable financing for eligible solar energy projects (250 kilowatts to 10 megawatts), removing the burden of up-front investment for its clients. Established in 2017, the fund provides 100 percent of the initial debt, equity/tax equity and construction financing for Keystone’s projects, making resources available at a time when consistent funding is a challenge.

About Keystone Power Holdings
Keystone Power Holdings, LLC is a renewable energy developer and owner of solar energy facilities. We specialize in developing medium to large-scale photovoltaic solar systems across North America. We develop facilities for municipalities and non-profits, public and private universities and schools, and large corporate clients on or near their properties, either on the ground or rooftop, while passing on savings. For more information, email info@keystoneph.com or visit our website at www.keystoneph.com.

Media Contact:

Laura L. Kieley
Signal Hill Communications
lkieley@signalhillcomms.com
551.482.5732

 

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GAF Energy Announces Key Leadership Promotions

SAN FRANCISCO, March 3, 2021 /PRNewswire/ — GAF Energy, a leading provider of roof-integrated solar solutions in North America, has announced three key promotions on its…

SAN FRANCISCO, March 3, 2021 /PRNewswire/ — GAF Energy, a leading provider of roof-integrated solar solutions in North America, has announced three key promotions on its leadership team. The company has promoted David Kaltsas, Jason Barrett, and Reynolds Holmes as part of its ongoing expansion and strategic positioning for continued growth in 2021. Earlier this year, the company announced an additional hire to its leadership team, rounding out its manufacturing and development division.

«We believe that the future of residential solar is in BIPV. These promotions are intended to strategically position our team to meet the growing demand for solar roofing in America,» said Martin Debono, President of GAF Energy. «David, Jason, and Reynolds have all demonstrated the leadership qualities that support our vision to generate power from every roof. I’m thrilled to continue working alongside our entire leadership team to bring our industry-leading solar roof product to the masses in 2021 and beyond.»

David Kaltsas, Senior Vice President, Operations
David Kaltsas has an extensive background in the solar industry with specific expertise in the commercial and industrial space, serving as COO of Sol-Wind and President and COO of SunWize. He previously was Executive Director, Renewable Energy, Operations & Investment at GAF, GAF Energy’s sister company and the largest roofing company in North America. David has extensive portfolio management expertise in the rapidly growing C&I solar market. He holds a BA in Global Change and Transformational Leadership from the University of St. Thomas.

Jason Barrett, Senior Vice President, Sales
Jason Barrett joined GAF in 2015 as VP of Renewable Energy, Structured Finance, and Investments (a team incorporated into GAF Energy in 2019). Prior to GAF, Jason served as Chief Commercial Officer of Sol-Wind and a founding partner of Paladin Strategic Partners. He has held senior positions at Merrill Lynch, Credit Suisse, Fannie Mae, and Morgan Stanley. He has a BBA in Finance and International Business from Howard University and an MBA from Cornell University, where he was a Robert Toigo Fellow.

Reynolds Holmes, Vice President, Services & Product Management
Prior to joining GAF Energy, Reynolds’ held senior leadership positions at both SolarCity and Tesla, where he led launches of new energy products, services, and experiences designed for scale. He earned a BS in Electrical Engineering from Yale University and is currently pursuing an MBA at the University of Oregon.

GAF Energy empowers roofing contractors across the U.S. with a comprehensive and economical approach to solar installations. The GAF Energy solar system couples innovative, attractive, and affordable solar technology with fast, easy installation.

Designed to provide a good-looking, low-profile alternative to rack-mounted solar panels — which are typically drilled through the roof’s shingles — GAF Energy solar integrates directly with the roofing system and is part of the primary water-shedding layer. The company recently announced new super high-efficiency solar panels to optimize a customer’s power output and maximize aesthetic appeal.

About GAF Energy
GAF Energy is transforming the rooftop solar industry to generate «Energy from every roof™». As a Standard Industries company, GAF Energy works in partnership with North America’s largest roofing and waterproofing manufacturer, GAF, offering homeowners elegant, roof-integrated solar options. The company also facilitates commercial tax equity financing for large-scale rooftop solar projects. For more information, visit www.gaf.energy.

 

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Enel’s First Large-Scale Wind + Storage Hybrid Project Will Support Kellogg Company With Renewable Energy

ROME and BOSTON, March 3, 2021 /PRNewswire/ — Enel, through its US renewable subsidiary Enel Green Power North America, has started construction of Azure Sky wind + storage, its…

ROME and BOSTON, March 3, 2021 /PRNewswire/ — Enel, through its US renewable subsidiary Enel Green Power North America, has started construction of Azure Sky wind + storage, its first large-scale hybrid project globally to integrate wind and battery storage at one site. Through a 100 MW virtual power purchase agreement (VPPA), Enel will sell to Kellogg Company a 360 GWh portion of the electricity delivered to the grid annually from the Azure Sky wind project, which is equal to 50% of the volume of electricity used across Kellogg’s North American manufacturing facilities. Located in Throckmorton County, Texas, the 350 MW wind farm paired with approximately 137 MW of battery storage will be Enel’s third hybrid project in the U.S. that integrates a renewable energy plant with utility-scale battery storage.

«As our first large-scale project to pair wind and storage, and our largest hybrid plant globally, Azure demonstrates Enel’s continued commitment to leading the energy transition towards a 100% renewable powered electric grid,» said Salvatore Bernabei, CEO of Enel Green Power and Head of Enel’s Global Power Generation business line. «This transition is supported and accelerated by commercial customers, like Kellogg Company, who are placing sustainability at the core of their business.»

Under the terms of the VPPA, Kellogg will purchase approximately 360 GWh of electricity annually from Enel, contributing to the leading plant-based food company’s collective efforts to achieve over 50% renewable energy and reach 50% of its global Better Days goal to reduce its Scope 1 and 2 greenhouse gas emissions by 65%. Kellogg’s renewable electricity purchase is the equivalent amount of electricity it takes power more than 43,000 homes each year in North America and is estimated to avoid over 250,000 metric tons of CO2 emissions annually, equivalent to the amount of carbon sequestered by 330,000 acres of US forest each year, which is larger than Rocky Mountain National Park.2

«Kellogg has been working to reduce its carbon footprint across our value chain for more than a decade,» said Amy Senter, Kellogg Company Chief Sustainability Officer. «This latest VPPA further demonstrates to investors, stakeholders and our consumers that we are taking swift action to address climate change.»

The 79 wind turbines at the Azure Sky project are expected to generate over 1,300 GWh each year, which will be delivered to the grid and will charge the battery located in the same facility. The expected annual electricity generated by the Azure Sky project is equivalent to avoiding the emission of over 842,000 tons of CO2 into the atmosphere each year. The battery storage system will be capable of storing the power generated by the wind turbines, while also providing services to enhance grid flexibility. At around 137 MW, the system will be one of the largest battery storage facilities in the world.

The Azure Sky wind + storage project is the latest example of Enel’s commitment to invest in renewables-plus-storage hybrids in the US. Enel is currently constructing a similar plant, the 284 MW3 Azure Sky solar + storage project, in a neighboring county and a third hybrid project, 181 MW4 Lily solar + storage project also in Texas.

The Enel Group is closely following the status of the COVID-19 pandemic and is responding, as a main priority, to protect the health of its workers, employees and the community where it operates. In North America, the company has enacted strict travel guidelines, stepped up office and project site sanitation and implemented ways for colleagues to conduct their work remotely and follow safe working practices if and when on-site. At the Azure Sky construction site, crews are implementing safe working practices and operations have been structured to maintain social distancing as well as other best practices. Furthermore, as part of its 1.3 million US dollar commitment in response to the COVID-19 pandemic across the US and Canada, the company developed initiatives to support community hospitals, schools and emergency responders in Texas.

Enel Green Power North America is a leading developer, long-term owner and operator of renewable energy plants in North America, with a presence in 15 US states and one Canadian province. The company operates 60 plants with a managed capacity of over 6.7 GW powered by renewable wind, geothermal and solar energy. https://www.enelgreenpower.com/countries/north-america/united-states

Enel is a multinational power company and a leading integrated player in the global power, gas, and renewables markets. It is the largest European utility by ordinary EBITDA, and is present in over 30 countries worldwide, producing energy with around 88 GW of installed capacity. Enel distributes electricity through a network of over 2.2 million kilometers, and with more than 74 million business and household end users globally, the Group has the largest global customer base among its European peers. Enel’s renewables arm Enel Green Power is the world’s largest renewable private player, with around 49 GW of wind, solar, geothermal, and hydropower plants installed in Europe, the Americas, Africa, Asia, and Oceania.

Media Relations
T +39 06 8305 5699
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1 137 MWdc, which will inject up to 120 MWac peak power into the grid

2 Emissions equivalencies calculated by using The U.S. EPA Greenhouse Gas Equivalencies Calculator, based on national averages. https://www.epa.gov/energy/greenhouse-gas-equivalencies-calculator

3 284 MWdc, which will inject up to 225 MWac peak power in to the grid

4 181 MWdc solar panels will inject up to 146 MWac peak power in to the grid

 

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SOURCE Enel Green Power North America

LocoMobi World Inc. Announces Game-changing Automated WorldStream Truck and Fleet Yard Management System

TORONTO, March 3, 2021 /PRNewswire/ — The future of truck yard management just got a whole lot smarter thanks to LocoMobi World’s launch of WorldStream Truck Yard and Fleet  Management. LocoMobi World, a leader in smart city transportation technology, has developed a seamless automated system that tracks trucks’ and other fleets’ entry and exit into a compound using its proprietary <a target="_blank"…

TORONTO, March 3, 2021 /PRNewswire/ — The future of truck yard management just got a whole lot smarter thanks to LocoMobi World’s launch of WorldStream Truck Yard and Fleet  Management. LocoMobi World, a leader in smart city transportation technology, has developed a seamless automated system that tracks trucks’ and other fleets’ entry and exit into a compound using its proprietary WorldStream Cloud Portal and its LetMeThrough System powered by LPR Express

The most outstanding feature of this system is that it allows for dual authentication of both the cab and the trailer. The Licence Plate Recognition system scans the front licence plate of the cab, the driver is contacted via SMS that is registered to that plate, the driver responds to the SMS asking for the trailer identification, and access is then granted if the driver is permitted. 

LocoMobi’s WorldStream Cloud Portal allows trucking and fleet companies to manage drivers, cabs, and trailers in real time online. They can control things such as adding and removing drivers, short- and long-term permits and updating permission levels for each trailer.

As an added level of security, trucking companies can also register the drivers’ personal vehicles exiting the lot. Upon exit, the system immediately allows the car to exit based on licence plate recognition. The system then sends an SMS to the driver to confirm it is ok to exit, which can ultimately prevent theft. 

«LocoMobi World continues to develop innovative technology for all facets of the transportation industry. WorldStream Truck Yard and Fleet Management is another example of how our Smart City technology is connecting vehicles anywhere they travel,» said Grant Furlane, LocoMobi World CEO. «WorldStream Truck Yard and Fleet Management streamlines operations for both the drivers and the companies, providing added levels of security and secure cloud infrastructure.»

LocoMobi World Inc. seamlessly connects drivers to the LocoMobi World Inc. transportation network. Soon, users will be linked throughout the city and have exclusive offers as they navigate through LocoMobi World’s network.

About LocoMobi World Inc.

LocoMobi World Inc. is a cloud-based Smart City technology company specializing in parking, tolling, transit, storage, asset tracking, and threat management solutions. Our WorldStream cloud portal is the first fully distributed cloud infrastructure management system. In addition, LocoMobi World provides pioneering technology to government, institutional and parking management clients throughout North America and has a growing platform of transportation infrastructure patents. LocoMobi World Inc. has reinvented how people travel throughout the transportation infrastructure in terms of parking, curbside, drive-thru and security.

LocoMobi’s leading cloud-based Licence Plate Recognition (LPR) system offers a refined approach for revenue control, virtual permitting, violation and citation management, toll road management, managed traffic lanes and gated lane environments, as well as residential multi-level condominium building parking control and access.

Our Smart City technology is connecting vehicles anywhere they travel.

For more information, please visit the company’s website at https://locomobiworld.com or call Grant Furlane at 416.898.3455.

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Commercial Vehicle Group Announces Groundbreaking Partnership with Xos, Inc.

NEW ALBANY, Ohio, March 3, 2021 /PRNewswire/ — Commercial Vehicle Group (NASDAQ: CVGI), a global leader in the creation in electric systems, has announced a partnership with leading state-of-the-art commercial electric vehicle manufacturer Xos, Inc. to develop sustainability initiatives that champion innovation and best-in-class solutions for growing macro-trends in the marketplace.

NEW ALBANY, Ohio, March 3, 2021 /PRNewswire/ — Commercial Vehicle Group (NASDAQ: CVGI), a global leader in the creation in electric systems, has announced a partnership with leading state-of-the-art commercial electric vehicle manufacturer Xos, Inc. to develop sustainability initiatives that champion innovation and best-in-class solutions for growing macro-trends in the marketplace.

Commercial Vehicle Group Announces Groundbreaking Partnership with Xos, Inc.

This collaboration represents CVG’s commitment to offer unparalleled products and services to customers in the commercial trucking industry. Beginning in 2020, CVG started executing an entrepreneurial plan to diversify its offerings to compete in an evolving market reflecting trends in e-commerce, last-mile delivery, and electric vehicle innovation.

CVG’s partnership offers Xos, Inc. full-service design and manufacturing including product sampling, prototypes, schematic electric system design, testing, and validation to support a cutting-edge fleet of medium- to heavy-duty, zero-emissions, electric vehicles.

«We are very happy to be partnering with Xos, Inc. to design and launch leading technology with the X-Platform 1 within the electric vehicle industry. The electric vehicle industry is exploding with new platforms across many vehicle types, and with CVG’s storied expertise, we see our many strengths and natural advantages as a prime benefit to our partnership. With over 40 years of experience in helping vehicle makers launch outstanding vehicles quickly, CVG provides assistance from concept, to prototype, showing our commitment to our diverse customer base,» said CVG President and CEO, Harold Bevis.    

«We’re thrilled to partner with such a long-standing, experienced leader in the commercial vehicle space,» said Xos, Inc. co-founder and COO Giordano Sordoni. «CVG has been innovating for more than two decades, so we look forward to supporting them as they increase their focus on electrification and continue leading the path of innovation within the commercial vehicle space for years to come.»

CVG operates in 30 global locations. The company’s continued innovation and engineering expertise allow for CVG to adapt strategically and invest in new markets. The partnership with Xos, Inc. and correlating initiatives reflect the company’s ability to innovate with agility in growing markets while maintaining consistency and dependability across the industry.

About CVG
CVG (through its subsidiaries) is a diversified industrial company and leading supplier of seating systems, warehouse automation subsystems, wire harnesses, plastic parts, and mechanical assemblies for many markets including the following: trucking, construction, retail, military, bus, agricultural, and off-road recreational markets. Information about the Company and its products is available on the internet at www.cvgrp.com.

About Xos, Inc.
Xos, Inc. is an electric mobility company dedicated to making fleets more efficient. Xos designs and develops fully electric battery mobility systems specifically for commercial fleets. The company’s primary focus is on medium- and heavy-duty commercial vehicles that travel on last-mile routes, i.e. predictable routes that are less than 200 miles per day. The company leverages its proprietary technologies to provide commercial fleets with zero-emission vehicles that are easier to maintain and more cost-efficient on a total cost of ownership (TCO) basis than their internal combustion engine and commercial EV counterparts. For more information, please visit www.xostrucks.com

Forward-Looking Statements

This press release contains forward-looking statements about CVG that are subject to risks and uncertainties. These statements often include words such as «believe», «anticipate», «plan», «expect», «intend», «will», «should», «could», «would», «project», «continue», «likely», and similar expressions. In particular, this press release may contain forward-looking statements about CVG’s expectations for future periods with respect to its plans to improve financial results, the future of CVG’s end markets, including the short-term and long-term impact of the COVID-19 pandemic on our business, changes in the Class 8 and Class 5-7 North America truck build rates, performance of the global construction equipment business, CVG’s prospects in the wire harness, warehouse automation and electric vehicle markets, CVG’s initiatives to address customer needs, organic growth, CVG’s strategic plans and plans to focus on certain segments, completion faced by CVG, volatility in and disruption to the global economic environment and CVG’s financial position or other financial information. These statements are based on certain assumptions that CVG has made in light of its experience as well as its perspective on historical trends, current conditions, expected future developments and other factors it believes are appropriate under the circumstances. Actual results may differ materially from the anticipated results because of certain risks and uncertainties, including those included herein and in CVG’s filings with the SEC. There can be no assurance that statements made in this press release relating to future events will be achieved. CVG undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time. All subsequent written and oral forward-looking statements attributable to CVG or persons acting on behalf of CVG are expressly qualified in their entirety by such cautionary statements.

MEDIA CONTACTS

Micah Paldino
Micah@makepbj.com
513.668.7676

Stuart Lindle
Stuart@makepbj.com
513.482.9541

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/commercial-vehicle-group-announces-groundbreaking-partnership-with-xos-inc-301239710.html

SOURCE Commercial Vehicle Group, Inc.

Women of Worth de L’Oréal Paris lanza convocatoria para nominar heroínas cotidianas

NUEVA YORK, 3 de marzo de 2021 /PRNewswire-HISPANIC PR WIRE/ — L’Oréal Paris, la marca de cosmética número uno en el mundo, busca heroínas cotidianas de nuestra sociedad al…

NUEVA YORK, 3 de marzo de 2021 /PRNewswire-HISPANIC PR WIRE/ — L’Oréal Paris, la marca de cosmética número uno en el mundo, busca heroínas cotidianas de nuestra sociedad al anunciar la convocatoria a nominaciones para la versión 2021 de sus premios Women of Worth. Desde ahora y hasta el 30 de abril, se invita a los consumidores a nominar en LOrealParis.com a una mujer que realice aportes generosos a su comunidad a través de un liderazgo sin fines de lucro, por la oportunidad de ser designada como una de las diez homenajeadas y recibir hasta $45,000 para su causa.

Women of Worth de L’Oréal Paris presentó su nueva campaña el domingo 28 de febrero pasado en plena temporada de premios, invitando a los estadounidenses de todo el país a presentar sus nominaciones para las homenajeadas de este año. Con la voz de Viola Davis e imágenes de Noelle Lambert, la homenajeada nacional del año pasado, y de otras participantes de ediciones anteriores, la nueva campaña publicitaria destacó momentos extraordinarios de los últimos 16 años de Women of Worth.

En 2021, el programa filantrópico continúa dándole vida al famoso eslogan de la marca «Porque tú lo vales», apoyando a mujeres cuya resistencia, valentía y coraje inquebrantables demuestran el poder de reconocer el propio valor. Las homenajeadas de este año se unirán a la red multifacética de 150 becarias del programa, quienes apoyan una amplia gama de causas que ejemplifican la aceptación del valor propio y la transmisión de dicha valía a otras personas.

«Mientras en 2021 celebramos los 50 años de nuestro famoso eslogan ‘Porque tú lo vales’, damos la bienvenida a historias que no solo reflejan el poder de las Women of Worth precedentes, sino también a personas que demuestran el valor intrínseco y la importancia de las mujeres en todo el mundo», sostuvo Ali Goldstein, presidenta de L’Oréal Paris en los Estados Unidos. «En este año emblemático, estamos orgullosos de destacar a las próximas diez mujeres que encuentran belleza en la solidaridad, y no podemos esperar para conocerlas».

Para encontrar a sus diez homenajeadas, una vez más L’Oréal Paris unirá sus fuerzas con Points of Light, la mayor organización mundial dedicada al servicio voluntario. Además de recibir apoyo financiero para su organización, Women of Worth le dará a cada homenajeada una plataforma nacional para dar a conocer su historia y la oportunidad de desarrollar una red que amplifique su causa para que tenga un impacto aún mayor en las vidas de los demás.

«Es un privilegio colaborar con L’Oréal Paris para reconocer a las homenajeadas Women of Worth de este año y destacar a quienes buscan impulsar el cambio en sus comunidades y hacer del mundo un lugar mejor», manifestó Natalye Paquin, presidenta y directora ejecutiva de Points of Light. «En 2021, Women of Worth se involucró en innumerables vidas a través del importante trabajo filantrópico que desarrollan, y creemos que representan lo mejor de la humanidad».

El año pasado Women of Worth lanzó su primer especial de televisión a nivel nacional, donde reunió a una importante lista de embajadoras de L’Oréal Paris para destacar la misión especial de cada una de las homenajeadas.

En 2021, L’Oréal Paris duplicará sus subvenciones individuales a $20,000 para generar un impacto aún mayor. Una homenajeada nacional, elegida por el voto popular, recibirá $25,000 adicionales por su trabajo solidario. Cada una de las participantes del Women of Worth de 2021 será reconocida como un gran ejemplo de cómo la solidaridad realmente puede cambiar el mundo.

Para más información sobre Women of Worth, nominar a una mujer audaz que esté marcando la diferencia en el mundo o saber más sobre las anteriores homenajeadas, visite LOrealParis.com.

Para más información sobre los programas, campañas y eventos innovadores de Points of Light, visite www.pointsoflight.org.

Acerca de L’Oréal Paris
La división L’Oréal USA, Inc. de  L’Oréal Paris es una marca de cuidados para la belleza integral, dedicada a empoderar a mujeres ofreciendo productos exclusivos e innovadores disponibles en el mercado masivo.  El famoso eslogan de la marca, «Porque tú lo vales», nació en los Estados Unidos en 1973 para celebrar la belleza y la valía intrínseca de la mujer. L’Oréal Paris provee sus productos a mujeres de todo el mundo en cuatro categorías principales de belleza: coloración del cabello, cuidado del cabello, cuidado de la piel y cosméticos. Con la invención de la coloración para el cabello por parte de L’Oréal en 1909, la empresa continúa siendo líder de innovación en productos capilares de color, cuidado y estilismo con marcas como Superior Preference, Féria, Colorista, Elvive, Ever Collection y Elnett Satin Hairspray. L’Oréal Paris ofrece productos de cuidado para la piel desarrollados científicamente y probados para tratar los problemas particulares de cada piel a través de sus reconocidas marcas Revitalift, Pure-Sugar, Pure-Clay, Age Perfect y Sublime Bronze. Los famosos cosméticos de L’Oréal Paris incluyen el éxito de ventas Voluminous Lash Paradise y también las colecciones Infallible, True Match, Colour Riche, Voluminous y Visible Lift. Para más información sobre L’Oréal Paris y para recibir atención personalizada, consejos de expertos y contenido exclusivo, visite www.lorealparisusa.com o siga a la marca en Instagram (@LOrealParis), Twitter (@LOrealParisUSA), Facebook (@LOrealParisUSA) y Pinterest (@LOrealParisUSA).

Sobre Points of Light
Points of Light es una organización mundial sin fines de lucro que inspira, capacita y moviliza a millones de personas para que emprendan acciones que cambien el mundo. Imaginamos un mundo en el que cada persona descubra el poder que posee para marcar una diferencia, creando comunidades saludables en sociedades dinámicas y productivas. A través de afiliados en 200 ciudades de 37 países, y en asociación con miles de organizaciones sin fines de lucro y corporaciones, Points of Light involucra a cinco millones de voluntarios con 14 millones de horas de servicio cada año. Llevamos el poder de las personas a donde más se necesita. Para obtener más información, visite www.pointsoflight.org.

Contacto de prensa:
Golin
Salina Benítez
sbenitez@golin.com

Logotipo: https://mma.prnewswire.com/media/1447913/L_Oreal_Paris_Women_of_Worth.jpg

FUENTE L’Oréal Paris

Women of Worth de L’Oréal Paris lanza convocatoria para nominar heroínas cotidianas

NUEVA YORK, 3 de marzo de 2021 /PRNewswire-HISPANIC PR WIRE/ — L’Oréal Paris, la marca de cosmética número uno en el mundo, busca heroínas cotidianas de nuestra sociedad al…

NUEVA YORK, 3 de marzo de 2021 /PRNewswire-HISPANIC PR WIRE/ — L’Oréal Paris, la marca de cosmética número uno en el mundo, busca heroínas cotidianas de nuestra sociedad al anunciar la convocatoria a nominaciones para la versión 2021 de sus premios Women of Worth. Desde ahora y hasta el 30 de abril, se invita a los consumidores a nominar en LOrealParis.com a una mujer que realice aportes generosos a su comunidad a través de un liderazgo sin fines de lucro, por la oportunidad de ser designada como una de las diez homenajeadas y recibir hasta $45,000 para su causa.

Women of Worth de L’Oréal Paris presentó su nueva campaña el domingo 28 de febrero pasado en plena temporada de premios, invitando a los estadounidenses de todo el país a presentar sus nominaciones para las homenajeadas de este año. Con la voz de Viola Davis e imágenes de Noelle Lambert, la homenajeada nacional del año pasado, y de otras participantes de ediciones anteriores, la nueva campaña publicitaria destacó momentos extraordinarios de los últimos 16 años de Women of Worth.

En 2021, el programa filantrópico continúa dándole vida al famoso eslogan de la marca «Porque tú lo vales», apoyando a mujeres cuya resistencia, valentía y coraje inquebrantables demuestran el poder de reconocer el propio valor. Las homenajeadas de este año se unirán a la red multifacética de 150 becarias del programa, quienes apoyan una amplia gama de causas que ejemplifican la aceptación del valor propio y la transmisión de dicha valía a otras personas.

«Mientras en 2021 celebramos los 50 años de nuestro famoso eslogan ‘Porque tú lo vales’, damos la bienvenida a historias que no solo reflejan el poder de las Women of Worth precedentes, sino también a personas que demuestran el valor intrínseco y la importancia de las mujeres en todo el mundo», sostuvo Ali Goldstein, presidenta de L’Oréal Paris en los Estados Unidos. «En este año emblemático, estamos orgullosos de destacar a las próximas diez mujeres que encuentran belleza en la solidaridad, y no podemos esperar para conocerlas».

Para encontrar a sus diez homenajeadas, una vez más L’Oréal Paris unirá sus fuerzas con Points of Light, la mayor organización mundial dedicada al servicio voluntario. Además de recibir apoyo financiero para su organización, Women of Worth le dará a cada homenajeada una plataforma nacional para dar a conocer su historia y la oportunidad de desarrollar una red que amplifique su causa para que tenga un impacto aún mayor en las vidas de los demás.

«Es un privilegio colaborar con L’Oréal Paris para reconocer a las homenajeadas Women of Worth de este año y destacar a quienes buscan impulsar el cambio en sus comunidades y hacer del mundo un lugar mejor», manifestó Natalye Paquin, presidenta y directora ejecutiva de Points of Light. «En 2021, Women of Worth se involucró en innumerables vidas a través del importante trabajo filantrópico que desarrollan, y creemos que representan lo mejor de la humanidad».

El año pasado Women of Worth lanzó su primer especial de televisión a nivel nacional, donde reunió a una importante lista de embajadoras de L’Oréal Paris para destacar la misión especial de cada una de las homenajeadas.

En 2021, L’Oréal Paris duplicará sus subvenciones individuales a $20,000 para generar un impacto aún mayor. Una homenajeada nacional, elegida por el voto popular, recibirá $25,000 adicionales por su trabajo solidario. Cada una de las participantes del Women of Worth de 2021 será reconocida como un gran ejemplo de cómo la solidaridad realmente puede cambiar el mundo.

Para más información sobre Women of Worth, nominar a una mujer audaz que esté marcando la diferencia en el mundo o saber más sobre las anteriores homenajeadas, visite LOrealParis.com.

Para más información sobre los programas, campañas y eventos innovadores de Points of Light, visite www.pointsoflight.org.

Acerca de L’Oréal Paris
La división L’Oréal USA, Inc. de  L’Oréal Paris es una marca de cuidados para la belleza integral, dedicada a empoderar a mujeres ofreciendo productos exclusivos e innovadores disponibles en el mercado masivo.  El famoso eslogan de la marca, «Porque tú lo vales», nació en los Estados Unidos en 1973 para celebrar la belleza y la valía intrínseca de la mujer. L’Oréal Paris provee sus productos a mujeres de todo el mundo en cuatro categorías principales de belleza: coloración del cabello, cuidado del cabello, cuidado de la piel y cosméticos. Con la invención de la coloración para el cabello por parte de L’Oréal en 1909, la empresa continúa siendo líder de innovación en productos capilares de color, cuidado y estilismo con marcas como Superior Preference, Féria, Colorista, Elvive, Ever Collection y Elnett Satin Hairspray. L’Oréal Paris ofrece productos de cuidado para la piel desarrollados científicamente y probados para tratar los problemas particulares de cada piel a través de sus reconocidas marcas Revitalift, Pure-Sugar, Pure-Clay, Age Perfect y Sublime Bronze. Los famosos cosméticos de L’Oréal Paris incluyen el éxito de ventas Voluminous Lash Paradise y también las colecciones Infallible, True Match, Colour Riche, Voluminous y Visible Lift. Para más información sobre L’Oréal Paris y para recibir atención personalizada, consejos de expertos y contenido exclusivo, visite www.lorealparisusa.com o siga a la marca en Instagram (@LOrealParis), Twitter (@LOrealParisUSA), Facebook (@LOrealParisUSA) y Pinterest (@LOrealParisUSA).

Sobre Points of Light
Points of Light es una organización mundial sin fines de lucro que inspira, capacita y moviliza a millones de personas para que emprendan acciones que cambien el mundo. Imaginamos un mundo en el que cada persona descubra el poder que posee para marcar una diferencia, creando comunidades saludables en sociedades dinámicas y productivas. A través de afiliados en 200 ciudades de 37 países, y en asociación con miles de organizaciones sin fines de lucro y corporaciones, Points of Light involucra a cinco millones de voluntarios con 14 millones de horas de servicio cada año. Llevamos el poder de las personas a donde más se necesita. Para obtener más información, visite www.pointsoflight.org.

Contacto de prensa:
Golin
Salina Benítez
sbenitez@golin.com

Logotipo: https://mma.prnewswire.com/media/1447913/L_Oreal_Paris_Women_of_Worth.jpg

FUENTE L’Oréal Paris

Women of Worth de L’Oréal Paris lanza convocatoria para nominar heroínas cotidianas

NUEVA YORK, 3 de marzo de 2021 /PRNewswire-HISPANIC PR WIRE/ — L’Oréal Paris, la marca de cosmética número uno en el mundo, busca heroínas cotidianas de nuestra sociedad al…

NUEVA YORK, 3 de marzo de 2021 /PRNewswire-HISPANIC PR WIRE/ — L’Oréal Paris, la marca de cosmética número uno en el mundo, busca heroínas cotidianas de nuestra sociedad al anunciar la convocatoria a nominaciones para la versión 2021 de sus premios Women of Worth. Desde ahora y hasta el 30 de abril, se invita a los consumidores a nominar en LOrealParis.com a una mujer que realice aportes generosos a su comunidad a través de un liderazgo sin fines de lucro, por la oportunidad de ser designada como una de las diez homenajeadas y recibir hasta $45,000 para su causa.

Women of Worth de L’Oréal Paris presentó su nueva campaña el domingo 28 de febrero pasado en plena temporada de premios, invitando a los estadounidenses de todo el país a presentar sus nominaciones para las homenajeadas de este año. Con la voz de Viola Davis e imágenes de Noelle Lambert, la homenajeada nacional del año pasado, y de otras participantes de ediciones anteriores, la nueva campaña publicitaria destacó momentos extraordinarios de los últimos 16 años de Women of Worth.

En 2021, el programa filantrópico continúa dándole vida al famoso eslogan de la marca «Porque tú lo vales», apoyando a mujeres cuya resistencia, valentía y coraje inquebrantables demuestran el poder de reconocer el propio valor. Las homenajeadas de este año se unirán a la red multifacética de 150 becarias del programa, quienes apoyan una amplia gama de causas que ejemplifican la aceptación del valor propio y la transmisión de dicha valía a otras personas.

«Mientras en 2021 celebramos los 50 años de nuestro famoso eslogan ‘Porque tú lo vales’, damos la bienvenida a historias que no solo reflejan el poder de las Women of Worth precedentes, sino también a personas que demuestran el valor intrínseco y la importancia de las mujeres en todo el mundo», sostuvo Ali Goldstein, presidenta de L’Oréal Paris en los Estados Unidos. «En este año emblemático, estamos orgullosos de destacar a las próximas diez mujeres que encuentran belleza en la solidaridad, y no podemos esperar para conocerlas».

Para encontrar a sus diez homenajeadas, una vez más L’Oréal Paris unirá sus fuerzas con Points of Light, la mayor organización mundial dedicada al servicio voluntario. Además de recibir apoyo financiero para su organización, Women of Worth le dará a cada homenajeada una plataforma nacional para dar a conocer su historia y la oportunidad de desarrollar una red que amplifique su causa para que tenga un impacto aún mayor en las vidas de los demás.

«Es un privilegio colaborar con L’Oréal Paris para reconocer a las homenajeadas Women of Worth de este año y destacar a quienes buscan impulsar el cambio en sus comunidades y hacer del mundo un lugar mejor», manifestó Natalye Paquin, presidenta y directora ejecutiva de Points of Light. «En 2021, Women of Worth se involucró en innumerables vidas a través del importante trabajo filantrópico que desarrollan, y creemos que representan lo mejor de la humanidad».

El año pasado Women of Worth lanzó su primer especial de televisión a nivel nacional, donde reunió a una importante lista de embajadoras de L’Oréal Paris para destacar la misión especial de cada una de las homenajeadas.

En 2021, L’Oréal Paris duplicará sus subvenciones individuales a $20,000 para generar un impacto aún mayor. Una homenajeada nacional, elegida por el voto popular, recibirá $25,000 adicionales por su trabajo solidario. Cada una de las participantes del Women of Worth de 2021 será reconocida como un gran ejemplo de cómo la solidaridad realmente puede cambiar el mundo.

Para más información sobre Women of Worth, nominar a una mujer audaz que esté marcando la diferencia en el mundo o saber más sobre las anteriores homenajeadas, visite LOrealParis.com.

Para más información sobre los programas, campañas y eventos innovadores de Points of Light, visite www.pointsoflight.org.

Acerca de L’Oréal Paris
La división L’Oréal USA, Inc. de  L’Oréal Paris es una marca de cuidados para la belleza integral, dedicada a empoderar a mujeres ofreciendo productos exclusivos e innovadores disponibles en el mercado masivo.  El famoso eslogan de la marca, «Porque tú lo vales», nació en los Estados Unidos en 1973 para celebrar la belleza y la valía intrínseca de la mujer. L’Oréal Paris provee sus productos a mujeres de todo el mundo en cuatro categorías principales de belleza: coloración del cabello, cuidado del cabello, cuidado de la piel y cosméticos. Con la invención de la coloración para el cabello por parte de L’Oréal en 1909, la empresa continúa siendo líder de innovación en productos capilares de color, cuidado y estilismo con marcas como Superior Preference, Féria, Colorista, Elvive, Ever Collection y Elnett Satin Hairspray. L’Oréal Paris ofrece productos de cuidado para la piel desarrollados científicamente y probados para tratar los problemas particulares de cada piel a través de sus reconocidas marcas Revitalift, Pure-Sugar, Pure-Clay, Age Perfect y Sublime Bronze. Los famosos cosméticos de L’Oréal Paris incluyen el éxito de ventas Voluminous Lash Paradise y también las colecciones Infallible, True Match, Colour Riche, Voluminous y Visible Lift. Para más información sobre L’Oréal Paris y para recibir atención personalizada, consejos de expertos y contenido exclusivo, visite www.lorealparisusa.com o siga a la marca en Instagram (@LOrealParis), Twitter (@LOrealParisUSA), Facebook (@LOrealParisUSA) y Pinterest (@LOrealParisUSA).

Sobre Points of Light
Points of Light es una organización mundial sin fines de lucro que inspira, capacita y moviliza a millones de personas para que emprendan acciones que cambien el mundo. Imaginamos un mundo en el que cada persona descubra el poder que posee para marcar una diferencia, creando comunidades saludables en sociedades dinámicas y productivas. A través de afiliados en 200 ciudades de 37 países, y en asociación con miles de organizaciones sin fines de lucro y corporaciones, Points of Light involucra a cinco millones de voluntarios con 14 millones de horas de servicio cada año. Llevamos el poder de las personas a donde más se necesita. Para obtener más información, visite www.pointsoflight.org.

Contacto de prensa:
Golin
Salina Benítez
sbenitez@golin.com

Logotipo: https://mma.prnewswire.com/media/1447913/L_Oreal_Paris_Women_of_Worth.jpg

FUENTE L’Oréal Paris