ProEV’s Investments Pay Off as Commercial EV Sector Grows
New dedicated facility for design and manufacturing of electric vehicle components positions firm for growth alongside truck and bus OEMs.
MONTREAL, May 30, 2023 (Newswire.com)
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The electric vehicle (EV) sector's exponential growth continued in the first half of 2022, with a 62% increase in global sales over the same period in 2021. Market expert McKinsey & Co. predicts EVs will dominate the truck market by 2035. Anticipating these trends, Promark Electronics, in 2015, created its ProEV™ division, which has made recent investments in technology, enhanced systems, and talent to position itself as a leading interconnect solutions supplier to commercial EV manufacturers. In 2021, Promark Electronics was acquired by Electrical Components International, a global wire harness engineering and manufacturing business, to position itself as the leader in commercial vehicle electrification.
"Promark was already a well-established supplier of electronic components for the aerospace and defense industry and realized that the industry's need for top-quality, safety-critical parts aligned well with the EV sector," said Jarred Knecht, president of the ProEV™ and Promark divisions.
"We did our research and realized that we wanted to be in vehicle electrification, the single largest change in propulsion systems in 100 years, the biggest change in our lifetimes. You just can't ignore this market," Knecht said.
In August, ProEV™ opened the largest dedicated EV electrification facility in North America, the culmination of years of investing in manufacturing and quality-control technology and engineering, design, and technician professionals.
"We don't have difficulty attracting people to join our team," Knecht said. "As soon as we tell them we're working on the next generation of transportation, the mission, and the sector that we're serving, it's a self-fulfilling process. Everyone wants to be a part of it."
Knecht says ProEV™ is positioned for the industry's future growth. The commercial EV market is poised for tremendous growth. "The transition to ZE vehicles will disrupt the entire truck value chain and its players," states the McKinsey September 2022 report. By 2024, OEMS will have 70 models of EV trucks on the market, and by 2035, the consulting firm said, the majority of new trucks sold in the United States, European Union and China will be electric.
Market intelligence and advisory firm Mordor Intelligence reported that the commercial EV market, valued at $67.51 billion in 2021, is projected to reach $258.78 billion by 2027. One driver in the United States is new regulatory requirements. While most commercial trucks, vans, and buses on the roads today are diesel-fueled vehicles, proposed legislation, like the Safer Affordable Fuel-Efficient (SAFE) vehicles rule, may mandate OEMs to manufacture a certain number of zero-emission vehicles.
Those trends have Knecht forecasting a strong market for ProEV™'s new facility and expanded workforce. "OEMs are ready to build vehicles, designs are strong, and the value proposition for transitioning to an EV fleet is compelling," he said. "We are excited to support this once-in-a-lifetime change in transportation in North America."
Please visit https://proelectricvehicle.com/ to learn more.
About ProEV™
ProEV™, a division of Electrical Components International (ECI), www.ecintl.com, is a center of excellence for electric vehicles within ECI. The company serves global electric vehicle players in the development and manufacture of their vehicle platforms. Founded in 1953, Electrical Components International is one of the world's leading suppliers of electrical distribution systems, control box assemblies, and other critical engineered components for diverse markets. With 25,000 employees and 40 manufacturing locations worldwide, ECI creates smart, connected, and electrified solutions that enable the most advanced technologies to solve the most complex challenges. To learn more about ProEV™, visit https://proelectricvehicle.com.
Contact Information:
Maria Penaloza
Press Contact
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ProEV's Investments Pay Off as Commercial EV Sector Grows
The post ProEV’s Investments Pay Off as Commercial EV Sector Grows first appeared on Type Magazine.
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Tidal Wave Auto Spa Hosts Second Annual Women’s Conference in Thomaston, GA
Top 10 Conveyor Car Wash Company Empowers Female Leadership with 'Women of the Wave' Program
THOMASTON, Ga., May 26, 2023 (Newswire.com)
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Tidal Wave Auto Spa hosted their second-annual 'Women of the Wave' conference, inviting female leadership from across the footprint to the home office in Thomaston, GA, for two days of networking, fellowship, and leadership development.
The 'Women of the Wave' program was launched by Tidal Wave in 2022 to encourage and empower female Site Leaders, Trainers, and Assistant Site Leaders. The annual women's conference provides a unique opportunity to bring female leadership together from across the company's 21 state footprint to network with their peers and further develop leadership skills essential to running a successful site.
"Tidal Wave was conceived by a woman, co-founded by a woman, and built specifically with a woman's needs and considerations in mind," said Hope Blackstock, Co-Founder of Tidal Wave Auto Spa. "Women hold this company together, and it is important to provide this opportunity to empower and encourage the incredible women managing our locations."
The second annual event featured speakers, Hope Blackstock, Co-Founder of Tidal Wave Auto Spa, and Dr. Lori Auten, CEO of Focus Consulting Group.
About Tidal Wave Auto Spa
Tidal Wave Auto Spa is an industry-leading conveyor car wash company founded in 1999 by Scott and Hope Blackstock in Thomaston, GA. Tidal Wave is committed to providing cutting-edge car care technology and exceptional customer service at each of their 165 locations across 21 states. In 2020, Tidal Wave partnered with Golden Gate Capital to facilitate their accelerated growth across the country. Tidal Wave is one of the top 10 conveyor car washes in the country and was included in the 2020 Inc. 5000 list for America's Fastest Growing Companies. The company was recently recognized as a 2023 Champion of Charity Honoree by Professional Carwashing & Detailing and has donated over $1 million dollars to charitable efforts.
Contact Information:
Andrea Traylor
Director of Digital Marketing
Heather Coleman
Marketing Manager
Original Source:
Tidal Wave Auto Spa Hosts Second Annual Women's Conference in Thomaston, GA
The post Tidal Wave Auto Spa Hosts Second Annual Women’s Conference in Thomaston, GA first appeared on Type Magazine.
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