1,432 press releases in English indexed under automotive.
JunkUrCar's Fall 2026 Junk Car Price Index analyzes 42,268 real instant offers across 50 states and DC, with state medians from $175 in Hawaii to $500 in Connecticut.
The EV market is projected to grow at a CAGR of 11.2% during 2027–2032, with Asia-Pacific leading regional growth. The EV market is projected to grow at a CAGR of 11.2% during 2027–2032, with Asia-Pacific leading regional growth.
Hong Kong, Oct 27, 2026 - On 25 October 2026, Quant Group (02685.HK), as Hong Kong's first listed "Embodied AI" company, announced that its indirectly wholly owned subsidiary Silicon Base (Beijing) Intelligent Technology Development Company has entered into a framework procurement agreement with Chewujie (Beijing) Automobile Co., Ltd. Under the agreement, Quant Group is to supply up to 2,000 embodied-AI robot solutions by end-2027, covering reception, vehicle presentation, customer engagement, sales lead capture and distribution at automobile showrooms and 4S outlets. The deal marks the first large-scale framework order for Quant Group's Physical AI business — a milestone signalling a shift from "technical feasibility validation" to "commercial delivery." The agreement raises three questions for the market: how much revenue it could generate? What it means for Quant Group, currently valued at less than HK$2 billion? What valuation the company could justify based on embodied AI sector benchmarks? I. Integrated Solutions Command a Premium, Offering Significant Revenue Upside Quant Group delivers an integrated value proposition — "robot hardware + embedded software + scenario configuration + supporting services" — with pricing that differs from that of pure hardware vendors. In its previously disclosed food-service deployment, Quant Group adopted a three-layer architecture: "Store Agent + humanoid robot + automated equipment." At a jointly operated pilot outlet, monthly labour costs fell from RMB 35,000 to RMB 20,500, delivering tangible cost savings for the customer. Integrated solutions typically sell for more than standalone hardware. Combined Chewujie's network of thousands of 4S outlets and Quant Group's AI models and software for robots, this collaboration is expected to offer significant revenue potential. Under a conservative scenario (lightweight interactive robots + basic software licensing), the per-solution price is approximately RMB 15,000, implying incremental revenue of around RMB 30 million. Under a standard embodied-AI package with scenario customization, the estimated per-solution price is roughly RMB 50,000, implying incremental revenue of about RMB 100 million. At the high end (a premium or full-stack humanoid robot solution plus deep customization and a full AI Agent system), per-solution price can reach RMB 100,000–200,000, with potential incremental revenue of RMB 200–400 million. The above estimates assume full delivery. The company's announcement also states that the planned quantities for each period are indicative only and do not constitute fixed delivery obligations; actual deliveries will depend on demand from Chewujie's outlets. Revenue will be recognised in stages, with timing and amount remaining uncertain. II. The Current Share Price Does Not Yet Reflect the Physical AI Business; The Embodied-AI Sector Provides a "Valuation Anchor" As of 23 October 2026, Quant Group closed at HK$2.935, below its net asset value per share, giving a market capitalization of approximately HK$1.65 billion. Since listing, the company's share price previously peaked at HK$43.36 (market cap exceeding HK$24 billion), yet it has since pulled back to current levels even as Physical AI orders have progressively materialized — a clear valuation mismatch. On 2025 revenue of RMB 1.035 billion and net profit of RMB 195 million, the current price-to-sales (PS) ratio is approximately 0.8 and the price-to-earnings (PE) ratio is about 8. The market's current pricing of Quant Group rests almost entirely on its mature e-commerce AI solutions business — a consumer technology platform generating around RMB 1 billion in revenue and nearly RMB 200 million in net profit. Its embodied AI business, which the company has been actively developing since early 2026, is barely reflected in its current valuation . In 2026, embodied-AI companies have gone public in quick succession, establishing a price-to-sales (PS)-based valuation framework. UBTECH reported 2025 revenue of RMB 2.001 billion and a net loss of RMB 703 million, yet commands a market cap of roughly HK$34.3 billion — implying a PS ratio of 15-20. Unitree reported 2025 revenue of RMB 1.699 billion and net profit of RMB 591 million; its market cap stands at RMB 236.6 billion (spiking to RMB 444.9 billion on its IPO debut), implying a PS ratio of approximately 36. The sector-average PS ratio is around 25. Market commentary broadly suggests that current embodied-AI valuations still reflect a "manufacturing" multiple and have not yet factored in the optionality inherent in the Physical AI foundation model as an industry-wide enabling layer. In other words, even at a P/S ratio of 36, Unitree's valuation does not, on this analysis, include a valuation premium for its models or software — a key point of differentiation for Quant Group. Overseas, institutional valuation models commonly apply a P/S ratio of 25 to Tesla's Optimus, providing another "valuation anchor" for the embodied-AI sector. In sum-of-the-parts models from Morgan Stanley, Piper Sandler and others, Optimus commands a multiple significantly above traditional automotive manufacturing. The logic is that the robotics business is fundamentally not about selling hardware but about selling "automation capability" — a thesis that aligns closely with Quant Group's positioning as a "capability-layer" provider. III. SOTP Re-Rating: Potential for a Valuation Approaching HK$10 Billion The e-commerce AI solutions business provides a solid base. In 2025 the company reported e-commerce revenue of RMB 1.035 billion and net profit of RMB 195 million; gross merchandise value (GMV) on its Yangxiaomie platform exceeded RMB 10 billion, and cash flow is stable. This segment is expected to remain resilient. Applying a P/S ratio of 1.5–2 or P/E ratio of 8–10 to the e-commerce business implies a valuation of approximately RMB 2 billion. The Physical AI business is the core driver of Quant Group's re-rating. Its unique positioning: it does not manufacture its own robots — it positions itself as a Physical AI foundation model provider, providing its WAM world model and Store Agent — effectively the "operating system" of the embodied-AI sector. According to public reporting, the company has completed multi-scenario techinical feasibility validation spanning hand-pounded lemon tea, flaky flatbread (shouzhuabing), stir-fried shredded potatoes and automobile showroom deployments, demonstrating its industry-leading breadth of techinical feasibility validation across these applications. It has also built an integrated ecosystem with ByteDance Volcengine, Tungkong Inc.'s Ruihong Robot and Chewujie connecting AI models, robot hardware and real-world applications. Separately, it has co-established a RMB 1 billion cognitive-intelligence fund with Z.AI and Jiangmen Ventures. Together, these initiatives indicate that Quant Group has established an ecosystem for its Physical AI business and is approaching its first year of commercialisation. Based on rough estimates, Quant Group's Physical AI business could generate revenue of approximately RMB 140 million in 2027, comprising roughly RMB 50 million from the Chewujie order (assuming 50% realization), circa RMB 40 million from Beijing Ruihong, around RMB 18 million from food service and other retail, and approximately RMB 30 million from software licensing fee/ Annual SaaS subscription fees. If realization exceeds expectations or more enterprise clients come on board, 2027-2028 revenue could potentially reach RMB 300-500 million. Applying a PS ratio of 25 to projected 2027 revenue of RMB 150–300 million yields an implied valuation of RMB 3.75-7.5 billion. Under a sum-of-the-parts (SOTP) valuation model, combining the two segments suggests a fair value for Quant Group of approximately RMB 5.75-9.5 billion. Converted at the upper end (RMB 9.5 billion), this equates to roughly HK$11 billion, or a share price of about HK$19.5. Key assumptions underlying this target include: delivery of at least 50% of the 2,000 units envisaged under the Chewujie framework agreement; 2027 Physical AI revenue exceeding RMB 200 million; and the company successfully communicating its "Physical AI foundation model provider" positioning to the market, with sector sentiment remaining supportive. In summary, the 2,000-unit framework agreement represents a pivotal milestone for Quant Group's Physical AI business — the transition from "concept" to "contract." Against the embodied-AI sector's P/S benchmark ratio of 25 successful scaling of the Physical AI business could — alongside the e-commerce base — support a market capitalisation approaching HK$10 billion. With the current market cap at just HK$1.65 billion, the stock offers a substantial margin of safety and meaningful upside — a scarce combination of attractive risk-reward and high probability of success.
ERETEC Inc. is accelerating its global expansion, drawing on its expertise in large-scale and specialized EMC chambers for defense, aerospace, and future mobility. Its 10-meter full-vehicle EMC chamber at KATECH demonstrates the company's engineering capabilities in meeting the complex...
The locally owned Rochester facility offers drive-up units and enclosed vehicle storage ahead of winter -- Rochester Self Storage, located at 25 Cranberry Highway in Rochester, Massachusetts, is now professionally managed by StoragePRO Management, Inc., bringing established self-storage operations and customer support to residents and businesses throughout Rochester and the surrounding South Coast communities. The fa
CHARLOTTE, N.C., October 26, 2026--ELGi is the primary sponsor of Brett Becker Racing (BBR) for the 2026 sprint car season, supporting the team both on the track and through compressed air equipment used for race car preparation and maintenance at its Odessa, Texas, shop. BBR competes at the highest le
Octane Biotech and Currus Biologics Automate Manufacturing of CUR-001 CAR T-Cell Therapy on the Cocoon® Platform
WAKE FOREST, NC, UNITED STATES, October 26, 2026 / EINPresswire.com / -- The inspiration for Insta-Window came from an unexpected experience that left its inventor searching for a better way to protect her vehicle from the elements. While driving to the grocery store, Susan E. of Wake Forest, NC was caught in a sudden rainstorm and discovered that the driver-side power window would not close. After seeking shelter, S
The North Miami shop behind custom wrap design, vinyl color change and colored, matte and satin PPF wraps celebrates 12 years in business. -- NORTH MIAMI, Fla. — Custom Wrap Design (CWD), a full-cycle vinyl wrapping and vehicle graphics company, is celebrating 12 years in business in 2026, a year that also brought a Top 3 Vehicle Wrapping Service ranking for Miami / Gold Coast, Florida from BusinessRate, based on Goo
By Jim Wyckoff, Benzinga DETROIT, MICHIGAN - October 26, 2026 - The artificial intelligence (AI) revolution is unfolding at warp speed, with updates being announced at a high frequency – creating potential catalysts for sophisticated investors to capitalize on regularly. Now, traders have a new way to capitalize on that momentum: an innovative trading tool designed to potentially deliver amplified exposure to some of the key companies driving the AI economy. The MicroSectors 3× Long MANGOS+ ex Private Companies (NYSE: MNGU) exchange-traded note (ETN) provides 3x long exposure to the daily performance of the New York Stock Exchange MaNGoS+ Index (Index), which is a rules-based, equal-weighted benchmark of 10 U.S.-listed companies at the center of the AI economy. It’s a daily-resetting trading tool that utilizes the potential benefits of leverage and was created for sophisticated investors interested in the AI revolution. The MNGU ETN was launched in August by REX Shares and issued by the Bank of Montreal (BMO). Importantly, MNGU is designed as a daily trading tool and not a buy-and-hold investment because leverage resets daily, so returns over any period longer than one day will differ from three times the return of the NYSE® MaNGoS+ Index. Also, losses compound the same way gains do. A choppy, sideways market can produce losses as a result of the daily reset mechanism. The effect increases with index volatility and with the length of the holding period, so this is an instrument you’ll need to track over the trading day. MNGU is a trading instrument for investors looking to place leveraged trades who understand the risks. What Does MNGU Track? MNGU is designed for active traders' short-term bullish view on the companies driving the AI boom. Rather than investing directly in one company, it groups a handful of major AI-related businesses into one trading vehicle. The “3×” feature can magnify gains when the underlying index moves in the right direction, but it can also magnify losses when it moves against the trader. The NYSE® MaNGoS+ index, itself, is concentrated. It holds 10 constituents, equally weighted at 10% each on each quarterly reconstitution. A concentrated basket of this size can be more volatile than a broadly diversified index, and the performance of any single constituent has a material effect on the level of the Index. That concentration is amplified by the 3x leverage factor. The six named anchors for the index are heavy-hitters. Every anchor that meets the qualification requirements is selected for the Index. Anthropic PBC and OpenAI Group PBC are private as of the Index launch date and are therefore ineligible to be included. They do seed the supply chain search but can only be included following their listing date if they satisfy the applicable Index eligibility requirements. The lowercase letters in MaNGoS denote these two private anchors, and the ETN only includes common stocks, ADRs and GDRs listed on the New York Stock Exchange, Nasdaq, NYSE American, NYSE Arca or Cboe BZX. How Do Companies Get In? Each anchor for the Index must carry a float-adjusted market capitalization of $5 billion or more, a six-month average daily traded value of $100 million or more, a free float of 5% or more, a positive trailing 12-month price-to-sales ratio and at least 60 calendar days of active trading, 14 calendar days for a qualifying ADR whose home market line has traded for at least 365 calendar days, or five index business days for a MaNGoS+ security. The Index looks at companies that are customers or suppliers of its major AI “anchor” companies. These candidates are ranked based on their AI-related revenue exposure. AI-related revenue is the money a company makes from selling artificial intelligence products, services, or infrastructure such as AI-optimized servers, accelerated-compute systems, GPUs, networking gear, cloud-based AI services, machine learning platforms, AI-driven sales, marketing or supply chain solutions, etc. The highest-ranked companies are selected to bring the Index to 10 constituents, each of them receiving an equal 10% weighting at the quarterly rebalancing. If too few companies qualify, the threshold can be lowered to reach the 10-company target. Trading Your Convictions On AI With MNGU MNGU is a daily trading tool focused on the continually evolving leaders of the artificial intelligence economy. If you’re a sophisticated trader looking for leveraged exposure to AI trends through a basket of 10 key names that are at the center of the AI economy, head over to the fund’s page to learn more. Featured image from Shutterstock. This content was originally published on Benzinga. Read further disclosures here. This post contains sponsored content and was created in collaboration with a third-party partner. Benzinga is a publisher and does not provide personalized investment advice or act as a broker or dealer. This content is for informational purposes only and is not intended to be investing advice or an offer or solicitation to buy or sell any security.
The Australian retailer outlines how replacing suitable short car journeys with an electric scooter could help commuters reduce fuel spending. -- Electric Kicks is highlighting electric scooters as an alternative for suitable short-distance commuting as higher petrol prices put pressure on Australian transport budgets. The retailer encourages buyers to consider journey distance, running costs, local riding rules and