Mobility Leaders Prioritize Data Management, Protection, and Privacy While Enabling Users and Providers to Exchange and Monetize Their Most Valuable Digital Commodity

Technology and mobility leaders like DENSO, Ford, and General Motors (GM) join forces with MOBI to co-create industry-wide blockchain-based standards that enable the secure exchange of data for a smarter mobility future

SINGAPORE, March 2, 2021 /PRNewswire/ — What if cars could communicate with each other to avoid imminent crashes and use shared data to prevent future accidents while preserving the drivers’ privacy? What if you could use one app with a single payment platform…

Technology and mobility leaders like DENSO, Ford, and General Motors (GM) join forces with MOBI to co-create industry-wide blockchain-based standards that enable the secure exchange of data for a smarter mobility future

SINGAPORE, March 2, 2021 /PRNewswire/ — What if cars could communicate with each other to avoid imminent crashes and use shared data to prevent future accidents while preserving the drivers’ privacy? What if you could use one app with a single payment platform to securely coordinate and integrate all of your daily commute needs? What if navigation apps need your permission to track your mobility preferences, or better yet, pay you? Mobility is becoming increasingly connected and intelligent, which in turn creates a nearly infinite amount of valuable data that, if shared securely, could save lives and improve mobility ecosystems at every level. Mobility Open Blockchain Initiative (MOBI) members, such as DENSO, Ford, and GM, are among many that teamed up to create standards for permissioning, validating, and sharing data in automation networks for connected mobility.

The MOBI Connected Mobility Data Marketplace (CMDM) Working Group releases standards today to enable a marketplace that could securely commodify mobility data and ensure data privacy for mobility users. The CMDM Standards include core services, logical schemas, and sensor identity/ownership certificates. These three components will enable frictionless data sharing to establish communication and collaboration between the data silos of Mobility Service Providers, while maintaining high standards of data privacy and security for all users.

«This framework gives mobility providers valuable guidance on how we can all work together to make transportation safer, smarter and more efficient,» said Roger Berg, Vice President of North American Research and Development at DENSO. «Sharing data, securely and through common standards, can unlock a vast array of positive mobility outcomes, from accident reduction to privacy protection to improving traffic flow.»  

The Working Group is co-chaired by DENSO and GM, with support from Accenture, AMO Labs, Cognizant, Constellation Network, Continental, CPChain, DMX, Fifth9, Filament, Ford, IBM, NuCypher, Ocean Protocol, RouteOne, ShareRing, Swedish Blockchain Association, and Toyota Insurance Management Solutions (TIMS).

Trust in data, its provenance, and chain of custody are essential for value creation in business ecosystems. Centralized databases, of the type that currently assign identities and rights on the internet, provide an attractive target for malicious actors and make networks vulnerable to attack and fraud, exposing individual and business data. Blockchain emerged as a solution to these issues and is being adopted by ecosystems such as connected mobility in order to securely share data and protect users’ data privacy.

«For connected mobility data to be efficiently shared, there must be a functioning marketplace for discovery, permission, exchange, and pricing,» said MOBI Co-Founder and COO, Tram Vo. «The standards from the MOBI CMDM Working Group lay the foundation for a secure and viable market.»

Maximizing passenger safety and transportation efficiency requires that vehicle-to-anything (V2X) data be shared and processed locally in near real-time at the «edge» of the network. Edge computing has been a large focus for the distributed computing community, and MOBI believes that the widespread growth of connected and autonomous vehicles represents one of the most exciting and impactful opportunities for a data marketplace, providing speed, cost savings, and new revenue opportunities.

The Working Group explored practical use cases that center around vehicle data generation, ensuring data provenance, and securely sharing data with peers (such as other vehicles and infrastructure). These use cases include:

  • V2X data exchange 
  • Geo-location cross validation
  • Multimodal trip planning through easy, interoperable, and secure sharing of data
  • Coordination between autonomous vehicles, big data, and edge computing that would increase traffic safety and efficiency

CMDM Standards are the first step to ensure data privacy in data exchange and efficient data marketplaces for mobility ecosystems. The standards do not prescribe governance models, but instead prescribe functionalities that can be applied to many governance models in a decentralized marketplace. All MOBI Standards are intended to be GDPR compliant. We do not prescribe specific aspects of GDPR and other privacy regulations such as California Consumer Privacy Act (CCPA), which are left up to the application developers. MOBI and its members hope that the CMDM standards, together with other MOBI standards for blockchain applications in mobility, will promote data privacy, reduce frictional inefficiencies, improve mobility services, and enable new business models.

About MOBI
MOBI is a nonprofit alliance of many of the world’s largest vehicle manufacturers, along with startups, NGOs, transit agencies, insurers, toll road providers, smart city leaders, and technology companies working to accelerate adoption and promote standards in blockchain, distributed ledgers, and related technologies.

MOBI is creating simple blockchain-based standards to identify vehicles, people, and businesses in order to securely exchange and monetize data, and pay for mobility services, with the goal of making transportation more efficient, affordable, greener, safer, and less congested.  MOBI itself is technology and ledger agnostic.  For additional information about joining MOBI, please reach out to Griffin Haskins (griffin@dlt.mobi) or visit www.dlt.mobi.

Media Contact:
Kelly Clark, MOBI Communications Manager
Email: Kelly@dlt.mobi | Twitter: @dltMOBI

Qatar Gears Up to Host Two MotoGP Races With Dazzling Display

DOHA, Qatar, March 2, 2021 /PRNewswire/ — With just over one month until Qatar kicks-off the 2021 FIM MotoGP™ World Championship season, a daring rider performed for the cameras outside the country’s iconic Museum of Islamic Art to mark the occasion.

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DOHA, Qatar, March 2, 2021 /PRNewswire/ — With just over one month until Qatar kicks-off the 2021 FIM MotoGP™ World Championship season, a daring rider performed for the cameras outside the country’s iconic Museum of Islamic Art to mark the occasion.

The Qatari rider, Mashel Al-Naimi, and Qatar National Tourism Council (QNTC) put on the display to raise awareness of the forthcoming races at the world-famous Losail International Circuit.

Running from 26 March to 4 April, the fixture is one of the most spectacular events on the motoracing calendar, with the world’s best motorcycling talent taking to the floodlit track for unique night-time races. This year’s event will be live on TV but have no spectators present due to COVID-19.

Secretary General of Qatar National Tourism Council and Group Chief Executive of Qatar Airways, His Excellency Mr. Akbar Al Baker, said: «The Grand Prix of Qatar and Doha MotoGP are key events in our sporting calendar and fans have flocked to Doha for the thrilling night races since 2004. We are thrilled to be hosting the events again this year.

«Welcoming exceptional talent and visitors to prominent global sporting events helps cement Qatar as a major tourism destination. We look forward to opening our borders later this year to showcase our incredible sporting facilities and offer our renowned hospitality to international visitors.»

The MotoGP is just one of the exciting sporting events taking place in Qatar this year, as the country looks to position itself as a key sports tourism destination ahead of hosting the FIFA World Cup Qatar 2022™. Other key sporting events include FIFA Arab Cup™, Qatar Total Open, Qatar ExxonMobil Open and the international golf tournament, the Commercial Bank Qatar Masters 2021.

In line with the Qatar National Vision 2030, QNTC has continued to invest in improving the country’s appeal to a range of travellers, including sports fans. With the ambition to provide only the best hospitality and comfort to sportspeople and spectators during their time in the country, QNTC is currently overseeing a number of large-scale projects and developments, including bolstering the quantity of hotel rooms available within the country.

One development is Qetaifan Island North, a project that combines sustainable development with sports-focused activities. The resort, which is a short drive from the Losail International Circuit, features a hotel and residential complex, an extensive shopping plaza and a state-of-the-art waterpark, which will be home to the world’s highest waterslide of its kind.

To find out more information on the MotoGP event in March, please visit grandprixqatar.com

For media-related inquiries, please contact QNTC’s Press Office at: 

+974 7034 8963 | media@visitqatar.qa  

About Qatar National Tourism Council (QNTC)

Qatar National Tourism Council’s mission is to firmly establish Qatar as a place where cultural authenticity meets modernity, and where people of the world come together to experience unique offerings in culture, sports, business and family entertainment.

QNTC’s work is guided by the Qatar National Tourism Sector Strategy (QNTSS), which seeks to diversify the country’s tourism offering and increase visitor spending.

Since launching QNTSS, Qatar has welcomed over 14 million visitors. The economic impact of the tourism sector in Qatar is becoming increasingly visible with the government designating tourism in 2017 a priority sector in pursuit of a more diverse economy and more active private sector. 

Web: www.visitqatar.qa

Twitter: @NTC_Qatar

LinkedIn: Qatar National Tourism Council

Key 2021 Qatar MotoGP dates:

MotoGP class Shakedown – 5, 6, 7 March

MotoGP class Official Test – 10, 11 and 12 March

Asia Talent Cup Official Test – 19 and 20 March

Grand Prix of Qatar – 26, 27 and 28 March

Grand Prix of Doha – 2, 3 and 4 April

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Volvo Cars launches new, pure electric Volvo C40 Recharge

GOTHENBURG, Sweden, March 2, 2021 /PRNewswire/ — The future of Volvo Cars is electric and the new Volvo C40 Recharge is the latest manifestation of its commitment to a zero emission future.

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GOTHENBURG, Sweden, March 2, 2021 /PRNewswire/ — The future of Volvo Cars is electric and the new Volvo C40 Recharge is the latest manifestation of its commitment to a zero emission future.

Volvo Cars launches new, pure electric Volvo C40 Recharge

The C40 Recharge has all the benefits of an SUV but with a lower and sleeker design. It is based on the CMA vehicle platform and the first Volvo model in history designed as pure electric only.

Following the introduction of the XC40 Recharge and now the C40 Recharge, Volvo Cars will roll out several additional electric models in coming years.

Already by 2025, it aims for 50 per cent of its global sales volume to consist of fully electric cars, with the rest hybrids. By 2030, it plans for every car it sells to be pure electric.

«The C40 Recharge represents the future of Volvo and shows where we are going,» said Henrik Green, chief technology officer. «It is fully electric, offered online only with a convenient care package and will be available for quick delivery. Getting a new Volvo was never this attractive.»

The rear of the C40 Recharge features a striking rear-end design to go with the lower roof line, while the new front design introduces a new face for electric Volvos and includes head lights with state-of-the-art pixel-technology.

Inside, the C40 Recharge provides customers with the high seating position that most Volvo drivers prefer, while it is available with a range of colour and deco options unique to the model. It is also the first Volvo model to be completely leather-free.

Like the XC40 Recharge, the C40 Recharge comes with one of the best infotainment systems on the market, jointly developed with Google and based on the Android operating system. It provides consumers with Google apps and services built-in, such as Google Maps, Google Assistant and the Google Play Store*.

Unlimited data enables superior connectivity and the C40 Recharge will receive software updates over the air. That means it will continue to improve over time after it has left the factory.

The propulsion consists of twin electric motors, one on the front and one on the rear axle, powered by a 78kWh battery that can be fast-charged to 80 per cent in about 40 minutes*. It offers an anticipated range of around 420 km*, which is expected to improve over time via over-the-air software updates.

As announced earlier today, the fully electric C40 Recharge will be available online only. In line with its ambition of reducing complexity in its model offering and focus on attractive pre-selected variants, Volvo Cars has drastically simplified the consumer offering of the C40 Recharge.

When customers get a new C40 Recharge, it will come with a convenient care package that includes items such as service, warranty, roadside assistance, as well as insurance and home charging options*.

The C40 Recharge will go in production this fall and will be built alongside the XC40 Recharge at the Volvo Cars manufacturing plant in Ghent, Belgium.

Notes to editors

  • Described features might be optional. Vehicle specifications and the exact customer offer may vary from one country to another, or not (yet) be available in all markets.
  • Charging times are dependent on factors such as outdoor temperature, current battery temperature, charging equipment, battery condition and car condition.
  • Range according to the realistic WLTP driving cycle under controlled conditions for a new car. Real-world range may vary. Figures are based on preliminary target. Final vehicle certification pending.
  • Consumer information available at https://www.volvocars.com/intl/v/cars/c40-electric

Volvo Car Group in 2020
For the 2020 financial year, Volvo Car Group recorded an operating profit of 8.5 BSEK (14.3 BSEK in 2019). Revenue over the period amounted to 262.8 BSEK (274.1 BSEK). For the full year of 2020, global sales reached 661,713 cars (705,452), a decline of 6.2 per cent compared to 2019.

About Volvo Car Group 
Volvo Cars was founded in 1927. Today, it is one of the most well-known and respected car brands in the world with sales of 661,713 cars in 2020 in about 100 countries. Volvo Cars has been under the ownership of the Zhejiang Geely Holding since 2010.

As of December 2020, Volvo Cars employed approximately 40,000 (41,500) full-time employees. Volvo Cars head office, product development, marketing and administration functions are mainly located in Gothenburg, Sweden. Volvo Cars head office for APAC is located in Shanghai. The company’s main car production plants are located in Gothenburg (Sweden), Ghent (Belgium), South Carolina (US), Chengdu and Daqing (China), while engines are manufactured in Skövde (Sweden) and Zhangjiakou (China) and body components in Olofström (Sweden).

Under its new company purpose, Volvo Cars aims to provide customers with the Freedom to Move in a personal, sustainable and safe way. This purpose is reflected into a number of business ambitions: for example, by the middle of this decade it aims for half of its global sales to be fully electric cars and to establish five million direct consumer relationships. Volvo Cars is also committed to an ongoing reduction of its carbon footprint, with the ambition to be a climate-neutral company by 2040.

For more info, please contact:
Volvo Cars Media Relations 
Phone: +46 31-596525 
media@volvocars.com

Volvo Cars launches new, pure electric Volvo C40 Recharge

 

 

Volvo Cars launches new, pure electric Volvo C40 Recharge

 

 

Volvo Cars launches new, pure electric Volvo C40 Recharge

 

Volvo Cars launches new, pure electric Volvo C40 Recharge

 

 

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Electric Vehicle Market Size To Be Valued At $1,212.1 Billion By 2027 Owing To Rising Number Of Government Initiatives Globally To Promote Manufacturing & Adoption Of EVs | Million Insights

FELTON, Calif., March 2, 2021 /PRNewswire/ — The demand for the global electric vehicle market is projected to value at $1,212.1 billion by 2027, according to a new report published by Million Insights, with a CAGR of 41.5 % from 2020 to 2027. The growth can be imputed…

FELTON, Calif., March 2, 2021 /PRNewswire/ — The demand for the global electric vehicle market is projected to value at $1,212.1 billion by 2027, according to a new report published by Million Insights, with a CAGR of 41.5 % from 2020 to 2027. The growth can be imputed to the number of government initiatives across the globe to promote the adoption and manufacturing of EVs. For example, the Electric Vehicles Initiative (EVI), which is a multi-government forum, focuses on promoting the purchase of electric vehicles globally. In the current scenario, there are around 13 countries as participants in the forum. The countries include China, Chile, U.K., Sweden, Germany, Canada, Norway, Finland, Netherlands, Japan, New Zealand, France, and India. Numerous programs and campaigns are held under the forum like EV30@30 in 2017, which plans for 11 countries to account for a minimum 30.0% sale of the new electric vehicles by 2030.

What are the Driving Factors for the Electric Vehicle Market?

Large-scale investment in this market is one of the major drivers for market growth. For example, General Motors, in January 2020, announced to invest USD 2.2 Billion in the Detroit Plant for manufacturing SUVs and electric trucks. The company aims to launch above 20 EVs by 2023. Moreover, the demand for electric cars increased to 5 million units in 2018 as compared to 2 million units in 2017. China is viewed as one of the most lucrative markets for electric cars along with U.S. and Europe. However, limitation in infrastructure is expected to remain the obstacle for electric vehicles market growth in the near future.

Please click here to get the sample pdf and find more details on «Electric Vehicles Market» Report 2027.

The rising awareness of air pollution is surging the demand for electric vehicles during the forecast period. EVs emit fewer carbon gases than traditional gasoline cars. EVs are estimated to emit a mean of 4,450 pounds of CO2 each year, which is approximately half the carbon emissions produced by conventional cars per year. EVs help in lowering air pollution thereby, improving air quality and public health. This has resulted in several agencies promoting the use of EVs. For example, the U.S. Pollution Control Agency, Great Plains Institute, and the Department of Transportation are engaged to promote the use of electric vehicles in Minnesota, U.S.

Key Questions Answered in The Report:

Which Product Segment to Register Fastest Growth Rate?

The Plug-in Hybrid Electric Vehicles (PHEV) is expected to register the fastest CAGR of above 45.0% based on revenue from 2020 to 2027 due to its benefits relating to two power sources, fuel and electricity.

Which Products Segment to Account Largest Market Share?

The Battery Electric Vehicles (BEV) segment is anticipated to account for the largest share exceeding 60.0% based on revenue in 2019. The growth is imputed to the various government incentives in countries like Sweden, Germany, India, and China to promote the adoption of EVs.

Which Region is Anticipated to Hold Leading Market Share?

Asia Pacific accounted for the leading market share of above 60.0% in 2019. Moreover, Latin America is expected to register the fastest CAGR exceeding 75.0% based on revenue from 2020 to 2027 owing to the rising awareness for environmental protection among the population of Brazil.

Who are the Key Players in the Market?

The key players include BYD Company Ltd.; Ford Motor Company; Daimler AG; General Motors Company; Mitsubishi Motors Corporation; Groupe Renault; Nissan Motor Company; Volkswagen Group; Toyota Motor Corporation; and Tesla, Inc. The companies are engaged in mergers & acquisitions and collaborations to strengthen their customer base and enhance their product portfolio.

Browse 120 page research report with TOC on «Global Electric Vehicle (EV) Market» at: https://www.millioninsights.com/industry-reports/electric-vehicles-ev-market

Million Insights has segmented the global electric vehicle market based on product and region:

  • Electric Vehicle Product Outlook (Volume, Thousand Units; Revenue, USD Billion, 2016 – 2027)
    • Battery Electric Vehicles (BEV)
    • Plug-in Hybrid Electric Vehicles (PHEV)
  • Electric Vehicle Regional Outlook (Volume, Thousand Units; Revenue, USD Billion, 2016 – 2027)
    • North America
      • U.S.
      • Canada
    • Europe
      • U.K.
      • §Germany
      • France
      • Norway
      • Netherlands
      • Sweden
    • Asia Pacific
      • China
      • India
      • Japan
      • Korea
    • Latin America
      • Brazil
      • Mexico
    • Middle East & Africa

Explore the Latest Press Releases by Million Insights:

  • U.S. Automotive Aftermarket The U.S. automotive aftermarket size is projected to touch USD 86.2 billion by the year 2025. It is anticipated to grow at a CAGR of 1.8% through the forecast period of 2019-2025. The market is anticipated to grow because of rising adaption of automotive technologies like safety and exhaust technologies along with several other aspects that influence vehicular performance.
  • Household Cooking Appliances Market The global household cooking appliances market size is anticipated to value USD 124.8 billion until 2025. It is also expected to register a CAGR of 6.5% over the forecasted years, 2019 to 2025. This growth can be associated with the rising preference over homemade food prevailing among the millennial population coupled with the integration of technologies like IoT in kitchen appliances for enhancing the ease of cooking.
  • MEMS Microphones Market The global MEMS microphones market size is estimated to be worth USD 2,991.0 million by 2025. The industry is expected to witness substantial growth due to raising the extensive use of microphones in several end-use applications, especially consumer electronics.
  • Road Haulage Market The global road haulage market size is anticipated to generate revenue of USD 4,071.7 billion by 2025. It is also expected to register a 5.5% CAGR during the forecasted period, 2019 to 2025. The rising need for cargo transport and the emergence of e-commerce industry is projected to boost the market growth in the upcoming years.

About Million Insights:

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive marketplace, that will enable you to compare data points, before you make a purchase. Enabling informed buying, is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

Contact:

Ryan Manuel
Research Support Specialist, USA
Million Insights
Phone: +1-408-610-2300
Toll Free: 1-866-831-4085
Email: sales@millioninsights.com 
Web: https://www.millioninsights.com/ 
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Kamux’s CEO Juha Kalliokoski assigns Kamux’s shares in his possession to his children

HELSINKI, March 2, 2021 /PRNewswire/ — Kalliokoski is to transfer 280,000 Kamux Corporation’s shares to his children. The assignments are to take place during March 2021.The assignments are not related to Kamux’s operations but to Kalliokoski’s personal will to share his shareholdings with his children.

The regular stock exchange release regarding the assignment of the shares will be given as a notification regarding managers’ transactions once the assignments have been carried…

HELSINKI, March 2, 2021 /PRNewswire/ — Kalliokoski is to transfer 280,000 Kamux Corporation’s shares to his children. The assignments are to take place during March 2021.The assignments are not related to Kamux’s operations but to Kalliokoski’s personal will to share his shareholdings with his children.

The regular stock exchange release regarding the assignment of the shares will be given as a notification regarding managers’ transactions once the assignments have been carried out.

Kamux Corporation

More information:

Juha Kalliokoski, CEO

Contacts:

Communications Director, Satu Otala, tel. +358 400 629 337

ir@kamux.fi

Kamux Corporation is a retail chain specializing in the sale of used cars and related integrated services that has grown rapidly. Kamux combines online shopping with an extensive showroom network to provide its customers with a great service experience anytime, anywhere. In addition to digital channels, the company has total of 78 car showrooms in Finland, Sweden and Germany. Since its founding, the company has sold approximately 300,000 used cars, 60,657 of which were sold in 2020. Kamux’s revenue reached EUR 724.1 million in 2020. In 2020, Kamux’s average number of employees was 713 in terms of full-time equivalent employees. The shares of Kamux are listed on the Nasdaq Helsinki stock exchange.

www.kamux.com

 

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XCMG Sends Off 400 Units of Flagship Products to Countries of the Belt and Road Initiative

XUZHOU, China, March 2, 2021 /PRNewswire/ — Leading construction machinery manufacturer XCMG (000425.SZ) has sailed off more than 400 units of construction machinery equipment on February 18 from China, which will be arriving in countries of the Belt and Road Initiative (BRI) including Southeast Asian countries and Russia shortly.

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XUZHOU, China, March 2, 2021 /PRNewswire/ — Leading construction machinery manufacturer XCMG (000425.SZ) has sailed off more than 400 units of construction machinery equipment on February 18 from China, which will be arriving in countries of the Belt and Road Initiative (BRI) including Southeast Asian countries and Russia shortly.

XCMG Sends Off 400 Units of Flagship Products to Countries of the Belt and Road Initiative.

This batch export included products of various categories including excavators, loaders, graders and cranes, will be travelling along the Maritime Silk Road to bring aid to fight the COVID-19 pandemic and help the economic recovery in those countries.

XCMG has achieved continuous success in the markets of BRI’s participating countries since 2013, providing world-class products and technical support to clients worldwide.

«In recent years, XCMG actively supports our overseas allies in speeding up their infrastructure construction. We’ve customized various solutions to suit the different working conditions of each region, while ceaselessly improving our local after-sales services by setting up professional service teams to guarantee the equipment’s smooth and reliable operation,» said Liu Jiansen, VP of XCMG and GM of XCMG Import and Export Ltd.

In the meantime, XCMG delivered 48 units of customized lorry-mounted cranes to Russia in February, which have stood out in the global market for leading quality and reliable service. In 2020, XCMG saw a 68 percent growth in the sales of lorry-mounted cranes.

The three models, SQS157ARU, SQ175ARU and SQS200ARU, are known for their high cold resistance, super-long arm lengths and super lifting capabilities. The added automatic telescopic drill pile and hanging basket also achieves multipurpose functionality.

In order to adapt to the complex local construction conditions, the cranes all use low-temperature resistant electrical equipment and steel wire ropes. XCMG also solved the technical bottleneck of multi-cylinder sequential expansion and contraction, which ensures stable and powerful horizontal expansion and contraction. Meanwhile, XCMG’s self-developed load-bearing telescopic hoisting control technology effectively prevents crane damage caused by overload and excess distance.

«Committed to high-quality development, the core of XCMG’s three-step international strategy is to bring ‘Advanced and Endurable’ products and services to our clients,» Liu said.

About XCMG

XCMG is a multinational heavy machinery manufacturing company with a history of 78 years. It currently ranks fourth in the world’s construction machinery industry. The company exports to more than 187 countries and regions around the world.

For more information, please visit www.xcmg.com

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Volvo Cars to be fully electric by 2030

GOTHENBURG, Sweden, March 2, 2021 /PRNewswire/ — Volvo Cars is committed to becoming a leader in the fast-growing premium electric car market and plans to become a fully electric car company by 2030.

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GOTHENBURG, Sweden, March 2, 2021 /PRNewswire/ — Volvo Cars is committed to becoming a leader in the fast-growing premium electric car market and plans to become a fully electric car company by 2030.

Volvo Cars to be fully electric by 2030

By then, the company intends to only sell fully electric cars and phase out any car in its global portfolio with an internal combustion engine, including hybrids.

The company’s transition towards becoming a fully electric car maker is part of its ambitious climate plan, which seeks to consistently reduce the life cycle carbon footprint per car through concrete action.

Its decision also builds on the expectation that legislation as well as a rapid expansion of accessible high quality charging infrastructure will accelerate consumer acceptance of fully electric cars.

Volvo Cars’ move towards full electrification comes together with an increased focus on online sales and a more complete, attractive and transparent consumer offer under the name Care by Volvo. All fully electric models will be available online only.

The 2030 ambition represents an acceleration of Volvo Cars’ electrification strategy, driven by strong demand for its electrified cars in recent years and a firm conviction that the market for combustion engine cars is a shrinking one.

«To remain successful, we need profitable growth. So instead of investing in a shrinking business, we choose to invest in the future – electric and online,» said Håkan Samuelsson, chief executive. «We are fully focused on becoming a leader in the fast-growing premium electric segment.»

Volvo Cars launched its first fully electric car, the XC40 Recharge, in markets around the globe last year. Later today the company will reveal its second fully electric car, a new model in the 40 Series.

In coming years Volvo Cars will roll out several additional electric models, with more to follow. Already by 2025, it aims for 50 per cent of its global sales to consist of fully electric cars, with the rest hybrids. By 2030, every car it sells should be fully electric.

«There is no long-term future for cars with an internal combustion engine,» said Henrik Green, chief technology officer. «We are firmly committed to becoming an electric-only car maker and the transition should happen by 2030. It will allow us to meet the expectations of our customers and be a part of the solution when it comes to fighting climate change.»

Volvo Car Group in 2020
For the 2020 financial year, Volvo Car Group recorded an operating profit of 8.5 BSEK (14.3 BSEK in 2019). Revenue over the period amounted to 262.8 BSEK (274.1 BSEK). For the full year of 2020, global sales reached 661,713 cars (705,452), a decline of 6.2 per cent compared to 2019.

About Volvo Car Group
Volvo Cars was founded in 1927. Today, it is one of the most well-known and respected car brands in the world with sales of 661,713 cars in 2020 in about 100 countries. Volvo Cars has been under the ownership of the Zhejiang Geely Holding since 2010.

As of December 2020, Volvo Cars employed approximately 40,000 (41,500) full-time employees. Volvo Cars head office, product development, marketing and administration functions are mainly located in Gothenburg, Sweden. Volvo Cars head office for APAC is located in Shanghai. The company’s main car production plants are located in Gothenburg (Sweden), Ghent (Belgium), South Carolina (US), Chengdu and Daqing (China), while engines are manufactured in Skövde (Sweden) and Zhangjiakou (China) and body components in Olofström (Sweden).

Under its new company purpose, Volvo Cars aims to provide customers with the Freedom to Move in a personal, sustainable and safe way. This purpose is reflected into a number of business ambitions: for example, by the middle of this decade it aims for half of its global sales to be fully electric cars and to establish five million direct consumer relationships. Volvo Cars is also committed to an ongoing reduction of its carbon footprint, with the ambition to be a climate-neutral company by 2040.

For more info, please contact:
Volvo Cars Media Relations
Phone: +46 031-596525
media@volvocars.com

Volvo Cars to be fully electric by 2030

 

Volvo Cars to be fully electric by 2030

 

Volvo Cars to be fully electric by 2030

 

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All pure electric Volvo models to be available online only

GOTHENBURG, Sweden, March 2, 2021 /PRNewswire/ — Volvo Cars is fundamentally changing how and where to meet its customers, and will transform the current wholesale model by moving online and with strong customer relationships.

<img id="prnejpg0955left" title="All pure electric Volvo models to be available online only" border="0" alt="All pure electric Volvo models to be available online only" align="middle"…

GOTHENBURG, Sweden, March 2, 2021 /PRNewswire/ — Volvo Cars is fundamentally changing how and where to meet its customers, and will transform the current wholesale model by moving online and with strong customer relationships.

All pure electric Volvo models to be available online only

It aims to be a fully electric car company globally by 2030 and will launch a completely new family of electric cars in coming years – all of which will be available online only.

As part of its new commercial strategy, Volvo Cars will invest heavily in its online sales channels, radically reduce complexity in its product offer, and with transparent and set pricing models.

Combined with online sales, Volvo Cars will focus on a complete convenient customer offering, all under the Care by Volvo name.

«The future of Volvo Cars is defined by three pillars: electric, online and growth,» says Lex Kerssemakers, head of global commercial operations. «We want to offer our customers peace of mind and a care-free way of having a Volvo, by taking away complexity while getting and driving the car. Simplification and convenience are key to everything we do.»

The strategy is focused on the fastest-growing segment in the global car industry: the premium electric market. Volvo Cars is committed to becoming a leader in this segment and will focus on developing electric cars only going forward.

While Volvo Cars is investing heavily in online sales platforms, it will build stronger customer relationships together with its retail partners. They remain a crucial part of the customer experience and will continue to be responsible for a variety of important services such as selling,preparing, delivering and servicing cars.

«Online and off-line need to be fully and seamlessly integrated,» added Lex Kerssemakers. «Wherever the customer is in their journey – online, in a showroom, in a Volvo Studio, or driving the car – the customer experience needs to be top-notch.»

Care by Volvo, until recently known as the name for Volvo Cars’ subscription service, will be expanded into a broader customer offer aimed at increasing overall convenience.

When buying an electric Volvo online, it will come with a convenient care package that includes items such as service, warranty, roadside assistance, as well as insurance where available and home charging options.

On its flagship online store, volvocars.com, the company will radically simplify the process for, and reduce the number of steps involved in, signing up for an electric Volvo.

Customers will be able to choose from attractive pre-configured electric Volvos that are ready for simple and convenient ordering and quick delivery.

Further convenience and simplification comes through transparent and set pricing models. This eliminates the need for negotiations, increases transparency and builds trust.

Volvo Car Group in 2020
For the 2020 financial year, Volvo Car Group recorded an operating profit of 8.5 BSEK (14.3 BSEK in 2019). Revenue over the period amounted to 262.8 BSEK (274.1 BSEK). For the full year of 2020, global sales reached 661,713 cars (705,452), a decline of 6.2 per cent compared to 2019.

About Volvo Car Group
Volvo Cars was founded in 1927. Today, it is one of the most well-known and respected car brands in the world with sales of 661,713 cars in 2020 in about 100 countries. Volvo Cars has been under the ownership of the Zhejiang Geely Holding since 2010.

As of December 2020, Volvo Cars employed approximately 40,000 (41,500) full-time employees. Volvo Cars head office, product development, marketing and administration functions are mainly located in Gothenburg, Sweden. Volvo Cars head office for APAC is located in Shanghai. The company’s main car production plants are located in Gothenburg (Sweden), Ghent (Belgium), South Carolina (US), Chengdu and Daqing (China), while engines are manufactured in Skövde (Sweden) and Zhangjiakou (China) and body components in Olofström (Sweden).

Under its new company purpose, Volvo Cars aims to provide customers with the Freedom to Move in a personal, sustainable and safe way. This purpose is reflected into a number of business ambitions: for example, by the middle of this decade it aims for half of its global sales to be fully electric cars and to establish five million direct consumer relationships. Volvo Cars is also committed to an ongoing reduction of its carbon footprint, with the ambition to be a climate-neutral company by 2040.

For more info, please contact:
Volvo Cars Media Relations
Phone: +46 031-596525
media@volvocars.com

All pure electric Volvo models to be available online only

 

All pure electric Volvo models to be available online only

 

Volvo Logo

 

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OEMs in Automotive Electric Power Steering Market Leverage Motor Control Technologies to Meet Safety in Next-gen Automotive: TMR

–  Stakeholders Collaborate in Attempt to Offer EPS-MCU Integration at Low Cost, Commercialization of Electric Vehicles Acts As Robust Accelerant for Demand in Automotive Electric Power Steering Market

–  Focus of OEMs to Reduce Development Lead Time Opens Vast Avenue for Automakers, Global Revenue to Climb to US$ 30.2 Bn by 2031

ALBANY, N.Y., March 1, 2021 /PRNewswire/ — Electric power steering (EPS) for automotive is technological…

–  Stakeholders Collaborate in Attempt to Offer EPS-MCU Integration at Low Cost, Commercialization of Electric Vehicles Acts As Robust Accelerant for Demand in Automotive Electric Power Steering Market

–  Focus of OEMs to Reduce Development Lead Time Opens Vast Avenue for Automakers, Global Revenue to Climb to US$ 30.2 Bn by 2031

ALBANY, N.Y., March 1, 2021 /PRNewswire/ — Electric power steering (EPS) for automotive is technological advancement over traditional EPS both in relation to the energy efficiency and operation of vehicles. EPS is gaining traction as smart steering assistance technology among OEMs, helping them incorporate advanced driver-assistance systems (ADAS). The automotive electric power steering market has evolved steadily over the years, with key force generating demand for more safety in vehicles. An assortment of EPS control units and semiconductor technologies have enriched the landscape of the automotive EPS. Automotive component manufacturers around the world are leaning on developing cost-effective motor control system for automakers. Recently emerging control programs in next-gen automotive are increasingly tilted toward EPS-MCU integration.

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The value-chain of the automotive electric power steering market is expanding constantly, and by 2031-end, the global valuation is projected to touch the mark of US$ 30.2 Bn.

Key Findings of Automotive Electric Power Steering Market Study

Penetration of Electric Vehicles Expands the Canvas

Growing trend of adoption of electric vehicles in both passenger and private end-users is a key trend shaping the evolution of the automotive EPS. OEMs and automakers are witnessing vast scope from the increasing pace of commercialization of electric and hybrid vehicles in developed as well as some developing economies. Developed nations are witnessing increasing adoption of ADAS in passenger and light commercial vehicles, thereby expanding the scope for developers of automotive EPS components. EPS is also becoming more common in other types of automobiles, including non-electric vehicles such as small and mid-range sports cars. In coming years, the integration of EPS with next-gen control units will gain momentum, ensuring more safety and fail-safe systems in automotive. 

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COVID-19 Presents Challenges, Nudging OEMs and Development Partners to Realign

A range of technologies that help automotive companies improvise on operational parameters of EPS. Most prominently, PID (proportional integral derivative) controllers have attracted vast research and development interest among industry players. The need for constantly improving PID software solutions and services control methods has spurred opportunities for semiconductor companies and providers of connected mobility solutions. The drive for more safety and compactness to boost fuel saving for passenger vehicles has also led to growing adoption of automotive EPS. However, in all these, companies in the automotive electric power steering market have been facing constraint of regular supply of automotive chips, arising mainly due to prolonged COVID-19-led restrictions in various countries. Further, the demand for new vehicles also saw a marked slump in recent months. This has also hindered the development of low-cost EPS-MCU systems, with a simple software integration frameworks. Meanwhile, OEMs are aligning their strategic objectives with those of various development partners to circumvent this challenge.

Explore 360 pages of superlative research, current market scenario, and extensive geographical projections. Gain insights into the Automotive Electric Power Steering Market (Motor Assist: Column Assist, Pinion Assist, and Rack Assist; Component: EPS Control Module, Electric Motor, Rack & Pinion, and Steering Column; Vehicle: Passenger Vehicle, Light Commercial Vehicle, and Heavy Commercial Vehicle; and Technology: Conventional EPS and EPS with ADAS) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021-2031 at https://www.transparencymarketresearch.com/automotive-electric-power-steering-market.html

Automotive Electric Power Steering Market: Key Driving Factors and Avenues

  • Growing demands for safety and fuel savings by vehicle owners is a key trend spurring the market proposition of automotive EPS
  • Rapid penetration of electric vehicles in emerging economies such as in Asia Pacific bolstering the deployment of automotive EPS
  • Stringent emission regulations in numerous countries has further added momentum to the popularity of electric and hybrid vehicles

Automotive Electric Power Steering Market: Regional Landscape

Europe and Asia Pacific are expected to offer incredible opportunities for various industry players in the global market. Rapidly expanding automotive manufacturing in Asia Pacific spurs research in global automotive electric power steering market. The Europe market is characterized by the presence of prominent OEMs and tier-1 suppliers. Asia Pacific is expected to remain potentially lucrative over the next few years on the back of the demand for ADAS in vehicles and a thriving manufacturing sector to support the growth.

Analyze global isothermal bags & containers market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study

Explore Transparency Market Research’s award-winning coverage of the Global  Automotive & Transport Industry:

Vehicle Subscription Market – Global vehicle subscription market is projected to surpass US$ 81 Bn by 2030, expanding at a CAGR of ~15% during the forecast period. Automotive users are finding convenience in the vehicle subscription model, owing to flexible, monthly, or yearly subscription plan offerings

Engine Components Market – Global engine components market is expected to cross the market value of US$ 7.5 Bn by the end of 2030. Furthermore, advancements in the 3D printing technology has led to notable improvements in designs of various engine components, including valve tappet, screw cap assembly, and retainer.

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Amphibious Vehicle Market to Reach $5.02 Bn, Globally, by 2027 at 8.5% CAGR: Allied Market Research

Increase in investment in the defense industry to raise adoption and implementation in commercial applications drive the global amphibious vehicle market growth

PORTLAND, Ore., March 1, 2021 /PRNewswire/ — Allied Market Research published a report, titled, «Amphibious Vehicle Market by Mode of Propulsion (Water-Jet, Track-Based and Screw Propeller), Application…

Increase in investment in the defense industry to raise adoption and implementation in commercial applications drive the global amphibious vehicle market growth

PORTLAND, Ore., March 1, 2021 /PRNewswire/ — Allied Market Research published a report, titled, «Amphibious Vehicle Market by Mode of Propulsion (Water-Jet, Track-Based and Screw Propeller), Application (Surveillance & Rescue, Water Sports, Water Transportation and Excavation), and End Use (Defense and Commercial): Global Opportunity Analysis and Industry Forecast, 2020–2027.» According to the report, the global amphibious vehicle industry generated $2.70 billion in 2019, and is expected to garner $5.02 billion by 2027, witnessing a CAGR of 8.5% from 2020 to 2027.

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Download Report Sample (232 Pages Research) at https://www.alliedmarketresearch.com/request-sample/10462

Prime determinants of growth

Surge in investment in the defense sector to increase adoption and demand in commercial applications drive the growth of the global amphibious vehicle market. However, high initial investment and rise in operational costs along with seasonal serviceability hinder the market growth. On the other hand, usage of advanced amphibious vehicles (ACV) in marine applications and demand for amphibious excavators for dredging and excavation present new opportunities in the coming years.

Covid-19 Scenario

  • Governments across various countries have shifted their focus toward spending on healthcare and safeguarding the economy. This might result in reduced spending on the defense sector. Some of the countries had already announced reductions in the defense budget. This would affect the demand for amphibious vehicle.
  • Manufacturing activities were stopped during the lockdown in many countries. In addition, the lockdown disrupted the supply chain. During the post-lockdown, manufacturing activities would begin and supply chain would be regulated. In addition, R&D activities would gain pace and the trend of innovation will take place.

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The track-based segment to maintain its lead position throughout the forecast period

Based on mode of propulsion, the track-based segment contributed to more than three-fifths of the global amphibious vehicle market in 2019, and is projected to maintain its lead position throughout the forecast period. This is due to surge in demand for various commercial applications such as dredging and excavation. However, the screw propellers segment is expected to manifest the fastest CAGR of 12.9% from 2020 to 2027. This is due to technological innovations in screw propulsion systems

The commercial segment to maintain its leadership status by 2027

Based on end use, the commercial segment held the highest market share, accounting for around four-fifths of the global amphibious vehicle market in 2019, and is projected to maintain its leadership status by 2027. This is attributed to surge in demand of amphibious excavators for dredging purposes. However, the defense segment is estimated to witness the highest CAGR of 9.7% during the forecast period. This is attributed to increase in conflicts in land and marine borders.

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North America to maintain its dominant share throughout the forecast period

Based on region, North America accounted for the largest market share in terms of revenue in 2019, holding more than two-fifths of total share, and will maintain its dominant share throughout the forecast period. This is due to rise in defense budget and military expenditure in countries such as U.S. and Canada. However, LAMEA is expected to portray the largest CAGR of 12.2% from 2020 to 2027, owing to technological developments in the field of defense systems and rise in investments by governments and military agencies.

Leading market players

  • BAE Systems
  • EIK Engineering Sdn. Bhd.
  • General Dynamics Corporation
  • Hitachi Construction Machinery
  • Lockheed Martin Corporation
  • Marsh Buggies Incorporated
  • Rheinmetall AG
  • Science Applications International Corporation (SAIC)
  • Wetland Equipment Company, Inc.
  • Wilco Manufacturing LLC.

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Similar Reports We Have on Automotive, Aerospace & Defense Industry:

Armored Vehicles Market by Application (Defense and Commercial), Drive Type (Wheel and Track), and Vehicle Type (Armored Personnel Carrier, Infantry Fighting Vehicle, Main Battle Tanks, Tactical Truck, Bus, Limousine, Sedan, and Other): Global Opportunity Analysis and Industry Forecast, 2019–2026.

Unmanned Surface Vehicle (USV) Market by Application (Defense, Scientific Research, Commercial, and Others), by Size (Small, Medium, Large, and Extra Large), by Modes of Operation (Intelligence, Surveillance and Reconnaissance (ISR), Mine Counter Measures (MCM), Anti-Submarine Warfare, Oil & Gas Explorations, Oceanology Data Mapping, and Others), and by Payload (Sidescan Sonar, Towed Array, Dipping Sonar, Mini Autonomous Underwater Vehicle, Expandable Mine Neutralizers, Unmanned Aerial Vehicle, Geotechnical Seabed Data Collector, and Underway Water Column Profilers) – Global Opportunity Analysis and Industry Forecast, 2017-2030.

Unmanned Ground Vehicle Market by Size (Small, Medium and Heavy), Mode Of Locomotion (Tracked, Wheeled, and Legged), Operation (Teleoperated and Automated) and Application (Commercial and Defense) – Global Opportunity Analysis and Industry Forecast, 2017-2030.

Tank Car Market by Type (DOT-111, AAR-211, DOT-112, DOT-105, DOT-117), Built (Newly Built, Retrofit), Pressure (Pressurized Railroad tank car, General Purpose or Non-Pressurized Railroad tank car), Application (Crude Oil, Ethanol, Liquefied Gases, Bio Fuels, Milk, Chemicals): Global Opportunity Analysis and Industry Forecast, 2021–2027.

Unmanned Aerial Vehicle (UAV) Market by Type (Vertical Take-off and Landing (VTOL), Fixed Wing and Rotary Wing), Class (Small UAV, Tactical UAV and Special Purpose UAV), Application (Military, Commercial, Consumer and Others), Mode of Operation (Fully Autonomous, Remotely Piloted and Optionally Piloted) and System (Launch & Recovery Systems, Ground Control Stations, Data Links and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027.

About Allied Market Research

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of «Market Research Reports» and «Business Intelligence Solutions.» AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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