© Rimac Electronics Production | October 11, 2018
Rimac to supply EV technology to Automobili Pininfarina
Automobili Pininfarina is looking to produce luxury electric hypercars and in this ventue, the company has now entered into an extensive collaboration with Rimac as a lead technical partner on their first electric hypercar, codenamed PF0.
The contract marks a significant step for both parties as Automobili Pininfarina secures a successful and proficient technical partner, whilst Rimac partners with a iconic brand and secures their first full-system series production automotive supply contract. Rimac is to provide battery and drivetrain expertise, software and hardware, in a contract worth up to EUR 80 million, to Automobili Pininfarina in the development of their electric hypercar, the PF0, a press release reads. “We are very excited about this challenge. Combining Rimac values – technology, innovation and performance with the heritage, history and Italian design of Automobili Pininfarina makes a perfect synergy for an exciting new hypercar – the PF0. This partnership is a big milestone for both companies and we are looking forward to bringing this incredible machine to life together,” says Mate Rimac, Founder and CEO of Rimac, in the release. Michael Perschke, CEO of Automobili Pininfarina adds: “From the moment I met Mate, I knew that he and his team at Rimac could provide the power we need to deliver memorable driving experiences to match the incredible design standards set by Pininfarina. This collaboration brings together the future of electric performance with the heritage of Pininfarina’s legendary automotive styling capabilities to deliver a truly beautiful hypercar. Automobili Pininfarina, which is owned by the Mahindra Group, was launched in April 2018 with the mission to produce luxury electric hypercars. The first Pininfarina-branded stand-alone car – codename PF0 – will be revealed in 2019.
Decline in Q4 DRAM contract prices lessens as buying momentum recovers According to the latest analysis from the DRAMeXchange research division of TrendForce, Q4 DRAM ASP is as of yet undergoing a slight QoQ decline, but this decline has shrunk down to 5%.
Technica forms growth-focused equity fund San Jose-based Technica USA has reached an agreement on an equity investment centered on future growth for the global PCB fab and assembly supplier.
IHS Markit: 5G economy in the trillions by 2035 The IHS Markit 5G Economy Study, commissioned by Qualcomm Technologies Inc., is forecasting that 5G will generate USD 13.2 trillion in sales enablement by 2035.
ZEUS Battery partnering with Kruvand Associates ZEUS Battery Products and Texas-based Kruvand Associates Inc. have come to a formal agreement on a collaboration that began in January and covers Texas, Arkansas, Oklahoma, Louisiana, New Mexico, Arizona and Mexico.
EPP with a new owner The company announces that is has found itself an ideal buyer – Photonics Systems Group – a manufacturer of micro-materials processing machines. With this takeover, PSG is strengthening is operations in the electronics industry and also laying the foundation for further growth.
Volkswagen starts pre-production e-mobility plant in China The new plant of the SAIC VOLKSWAGEN joint venture has been completed. It is purely built for the production of all electric vehicles on Volkswagen’s Modular Electric Drive Matrix (MEB).
Kongsberg Maritime divests KM Contros GmbH Following a strategic review, Kongsberg Maritime AS (KM) has decided to divest KM Contros GmbH (Contros) to AML Oceanographic Ltd. (AML).
Sponsored content by EsemdaContract manufacturer Esemda opens new facility in Vilnius and expands EMS The new facility has been built with reserved space for future expansions. As Esemda constantly grows, it is of great importance to be able to rapidly increase production capacity in large volumes.
SUSS MicroTec adjusts outlook for fiscal year 2019 Based on the preliminary figures for the first nine months and the updated budget figures, SUSS MicroTec is substantiating its expectations for incoming orders, sales and earnings for the current fiscal year ending December 31, 2019.
GPV's revenues soars 130% Danish EMS provider, GPV Group, announces that the company generated revenues of DKK 2.2 billion in the first nine months of 2019, a 130% year-on-year improvement driven by the acquisition of Swiss company CCS at the end of 2018.
Former GM plant now Lordstown Motors Corp. General Motors’ shuttered Lordstown plant in Ohio, which closed in March, is now in the hands of an electric truck start-up that is looking to begin production in about a year.
Chinese chip maker to U.S. firms: don’t worry On Friday, the chairman of China’s top state-run semiconductor company, Tsinghua Unigroup, had some advice for U.S. chipmakers, saying they should “relax and sleep well,” with regard to China’s semiconductor development.
Sponsored content by Nordson ASYMTEKStart-to-finish conformal coating with reliability and efficiency Nordson ASYMTEK’s flexible, modular, Panorama™ S-Line delivers conformal coating process control in a space-saving footprint with overlapping line processes that minimize manufacturing floor space. This innovative, patent-pending line layout trims 50% of the line’s length by using the lower compartment in each piece of equipment for functional use. Combined with Nordson ASYMTEK’s global support, this complete conformal coating line delivers quality, product reliability, efficiency, and safety for all your conformal coating applications.
POET closes the sale of DenseLight POET Technologies, the designer and developer of the POET Optical Interposer and Photonic Integrated Circuits (PICs) for the data center and tele-communication markets, has successfully closed the sale of its DenseLight subsidiary in Singapore.
HAHN Group expands its footprint in the US via acquisition Factory automation and robotics solution provider, Hahn Group, has acquired REI Automation, Inc. The takeover is effective as of 01. November 2019.
Ynvisible Interactive sells contract manufacturing services to Epishine Epishine is purchasing roll-to-roll manufacturing services from Ynvisible Production, combines solar cells with printed electronic displays.
QEV Technologies gets € 17 million from EIB The E-mobility and R&D specialist, QEV Technologies, will receive EUR 17 million funding from the European Investment Bank (EIB) for a variety of low carbon transportation projects.
Sponsored content by NCAB Group Benelux B.V.Failure is not an option for a PCB More than 30% of the Gerbers NCAB Group Benelux B.V. reviews, have problems. However, the PCB are integrated in key end-user product with more and more High Tech PCB. We are here to support you on the new technologies growth to maintain a high reliability and quality. Contact us to review it together.
Mouser pushing distribution to new (vertical) levels Mouser Electronics, global NPI distributor of semiconductors and electronic components, has expanded its multi-dimensional footprint at its distribution headquarters in Texas.
Micron buys FWDNXT, launches AI platform With its recent acquisition of hardware and software start-up FWDNXT, Micron Technology Inc. has launched a new set of tools for deep learning.
Isola names new president and CEO Isola has appointed Travis Kelly president and chief executive officer. Kelly most recently served as global chief operating officer at Cerberus Operations and Advisory Company (affiliate of Cerberus Capital Management).
CORE-emt to represent BTU in the Baltics BTU International, Inc., a supplier of advanced thermal processing equipment for the electronics manufacturing market, announces that it has expanded its partnership with CORE-emt to include the Baltics (Estonia, Lithuania, Latvia).
Sponsored content by SourcengineComponent Aggregators vs E-Commerce Marketplaces What is the difference between electronic component aggregators and a marketplace?
67% of a buyer’s journey is now done digitally. Learn how marketplaces emerged as full-cycle procurement platforms and challenged the traditional component aggregators.
Kimball reports growth across the board for 1Q20 While the calendar year for 2019 isn’t over yet, Kimball Electronics has already completed its first fiscal quarter for 2020.
AT&S weathers market challenges In an overall challenging environment AT&S held its ground well in the first half-year. Revenues amounted to EUR 490.3 million, declined slightly by 5.1% compared to the previous year.
Covalent Metrology, Rigaku extend partnership with new line Rigaku, a producer of X-ray metrology technology, has installed two of its analytical instruments at the Sunnyvale, California service lab of Covalent Metrology, a provider of analytical services to advanced materials innovation companies.
PG LifeLink expanding in Kentucky Post Glover LifeLink Inc., a manufacturer of isolated power products, announced plans to expand its operation in Boone County with a USD 3.9 million investment.Load more news