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Biden wants U.S automakers to pledge 40% electric vehicles by 2030 -sources N.Y.’s Transit System Could Receive $10 Billion in Infrastructure Deal 2022 Subaru BRZ Starts Just Under $29,000 Review: The best bicycle tyre inflators to use with an air compressor Ex-Toyota Europe CEO van Zyl dies at age 63 CPS transportation exec on leave after contentious busing plan rollout Here’s How To Import A Japanese Car To America Without Hassle Sonic Automotive ponders EchoPark future How to Get a Bear Out of Your Car – Videos from The Weather Channel Towing company agrees to pay troops for illegally selling their vehicles
Jul
2021
3

Karma Automotive Debuts First Club Car Current Vehicles Produced Under Contract Manufacturing Agreement With AYRO

The relationship with AYRO is part of Karma Automotive’s ongoing business-to-business (B2B) initiatives, utilizing KICC and the company’s OEM expertise and capabilities, to provide manufacturing, engineering, design, and other services to customers in the mobility space.

By combining AYRO’s end-user, market intelligence and engineering expertise with KICC’s manufacturing capabilities and development experience, the companies aim to deliver light-duty trucks and electric delivery vehicles to businesses across the U.S. The Club Car Current is engineered for multiple bed options and accessories—van box, pickup truck with sides, flatbed configurations—for fleet versatility. It is also certified under California’s California Air Resource Board (CARB) Certification Program with “cleanest” scores for global warming and air quality of zero emission vehicles, making it an ideal solution for the local market.      .

“Having the first of these vehicles roll off the line at our KICC facility is a great step forward in our relationship with AYRO and Club Car and will help us deliver on our Climate Pledge efforts to become net-zero by 2040,” said Dr. Lance Zhou, Karma’s Chief Executive Officer. “We look forward to growing our B2B business and delivering clean energy vehicles for other customers in the future.”

Karma Chief of Staff, Mikael Elley, said, “KICC’s strategic Southern California location near major supply routes, combined with our expertise and proximity to one of the largest electric vehicle markets, makes us an attractive partner. Our proven capabilities and quick turnaround times enable us to work with a wide range of customers—including startups and traditional automakers—to make their products succeed.”

“Karma is helping us meet strong demand from our fleet customers in delivering the initial run of vehicles from their Moreno Valley facility despite supply chain hurdles impacting production for the rest of the industry,” said AYRO CEO Rod Keller. “These purpose-built electric vehicles are fully customizable, affordable and available now, delivering on our brand promise to provide real-world solutions that meet the needs of businesses of all types.”

“Karma has done a fantastic job in meeting tight deadlines, and their plant exceeded our rigorous quality standards in assembling the new 2022 Club Car Current,” said Club Car Commercial Leader, Brant Mitchell. “The Current features new options for improved safety and comfort in the same compact, customizable design that universities, restaurants, governments, hospitals, hotel resorts, sports stadiums, and airports across the U.S. have come to love.”

ABOUT KICC 
Beginning operations in 2017 and re-named in 2019, the Karma Innovation and Customization Center (KICC) is California-based Karma Automotive’s production hub. The KICC facility in Moreno Valley, CA houses production of the company’s current model, the 2022 Karma GS-6 luxury electric vehicle. In addition to providing high quality craftsmanship and technology integration for Karma vehicles, KICC also provides contract manufacturing, engineering, and other services for various companies in the mobility space.

KICC sprawls over 556,000 square feet and is home to the company’s chassis and body shops, trim and final assembly, e-coat and paint shop, complete flash and end-of-line testing. The facility contains

May
2020
8

Recon Technology Signed A $2.8M Contract for Provision of Detailed Design of Heavy Oil Transportation System in Garraf Oilfield

BEIJING, May 5, 2020 /PRNewswire/ — Recon Technology, Ltd. (NASDAQ: RCON) (“Recon” or the “Company”) today announced it signed a $2.8 million engineering and construction service subcontract with Grand Energy Development Limited on a heavy oil transportation system project (the “Project”) in Garraf oilfield in Iraq for the services that Recon has provided. Pursuant to the subcontract, Recon shall carry out all the engineering design services, provide the technical support to the procurement, construction, commissioning activities and provide the training services of the heavy oil transportation system project.

Garraf oilfield is located in the province of Thi Qar, Iraq, approximately 5km north-west of Al-Refaei city and 85km north of Nasiriya city. The oilfield is 17.5km long and 5.5km wide. It is estimated to hold 1.3 billion barrels of oil reserves. Based on the Final Development Plan approved by the Government of Iraq in 2018, the oilfield is undergoing further development in stages to achieve crude oil production of 230,000 barrels per day by the end of 2020.

As part of the Project, the heavy oil pipeline with a total intended capacity of 275,000 barrels per day will be built to support the Garraf production target. By providing the services under the Project, Recon has played an important role in building the heavy oil pipeline.

“With advanced technique and wide experiences in the automation and digitalization of oil and gas industry, Recon has a relatively competitive advantage in the engineering design and construction businesses in oilfield segment,” Mr. Shenping Yin, co-founder and CEO of Recon said. “With the successful completion of the project, we expect to construct more oilfield projects and hope to help more oilfields reduce costs and maintain yields at a healthy level in the near future.”

About Recon Technology, Ltd.                                    

Recon Technology, Ltd. (RCON) is China’s first non-state-owned oil and gas field service company listed on NASDAQ. Recon supplies China’s largest oil exploration companies with advanced automated technologies, efficient gathering and transportation equipment and reservoir stimulation measures for increasing petroleum extraction levels, reducing impurities and lowering production costs. Since 2017, the Company has expanded its business operations into other segments of the broader energy industry including electric power, coal chemicals, renewable energy and environmental protection in the energy and chemical industries. Through the years, Recon has taken leading positions on several market segments of the oil and gas field service industry. Recon also has developed stable long-term cooperation relationships with its major clients, and its products and service are well accepted by clients. For additional information please visit: www.recon.cn.

Safe Harbor Statement

This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and