01 Apr 2021Automotive
This week in Automotive: Vehicle makers continue to integrate digital solutions to create autonomous and low-emission vehicles

Latest Industry Insights from Draup Braindesk

Reduction in cost of ‘Transportation-as-a-Service,’ lowered government regulations, and advancements in ML technology drive autonomous car growth worldwide. 

  • Bosch’s automatic emergency calls for motorcycles to connect automatically, and a fully-integrated split-screen combination with smartphone integration solution mySPIN offers safety and convenience for motorcycle riders. 
  • Volvo car corporation is working towards expanding its electrification and autonomous driving-related product innovation that enhances its growth market strategy and improvises its efficiency. 
  • PACCAR team up with Aurora to develop, test, and commercialize autonomous Peterbilt and Kenworth trucks. They will integrate PACCAR’s autonomous vehicle platform with Aurora Driver to enhance PACCAR’s customers’ safety and operational efficiency. 

Automotive technologies & digital solutions. 

  • Bosch launched eCityTruck powertrain solutions that allow low-noise driving with zero local emissions. 
  • BorgWarner partnered with Fiat Chrysler Automobiles to provide exhaust gas recirculation technology and launched the high-performance, lightweight, and compact electric drive module to power the Chinese energy vehicles. 

Decreasing the cost of batteries, government regulations that support low-emission vehicles, and changing consumer preferences drive the Electric Vehicles growth worldwide. 

  • BorgWarner launched a torque vectoring system for electric vehicles to reduce vehicle space and Onboard Battery Charger (OBC) that provides power density and power conversion efficiency.  
  • Tesla invested USD 12 Bn across its battery sites at several factories, plans to increase EV production capacity, and accelerates its Cybertruck and Model Y production in US plants. 
  • SAIC Motor is striving to independently develop an exclusive framework for electric vehicles to integrate with upcoming vehicles. 
  • By 2025, Stellantis aims to launch one electrified version for every newly launched global model across its entire fleet of FCA and PSA brands and compete strongly in the electric vehicle market. 
  • VinFast focuses on developing charging stations and leasing batteries for electric vehicles and focuses on developing the smart features of electric vehicles using Artificial Intelligence. 

The automotive ADAS market is estimated to grow at a CAGR of 11.38% in 2025. Increased safety awareness and the number of accidents is the number 1 driver for growth. 

  • PACCAR is accelerating advanced driver assistance systems (ADAS) to implement in PACCAR vehicles and the enhancement of autonomous driving technologies. 
  • NIO is advancing the driver assistance systems, and it introduced Battery-as-a-service to upgrade the batteries. 

Latest Reports Published in Draup

Service Providers Ecosystem in Automotive report: The rise in demand for vehicle electrification, stringent government regulations related to emissions, and increased consumer demand for safety and comfort are driving the Autonomous ER&D market. 
Read More>>
Tesla account intelligence report : Tesla’s focus is to expand into Indian and China markets by launching several R&D and manufacturing centres to start production by 2021 Q1. The sale of electric vehicles led to revenue growth of 28.36% in FY2020 compared to FY2019. Read More>>

Key Funding Alert

Israel’s Optibus raises USD 107 Mn in private funding round 
Optibus provides AI-based smart transportation management systems. It will use the funds to expand globally, enhance product capabilities that include optimization and AI algorithms that improve mass transit for passengers, and accelerate zero-emission vehicles’ deployment. Read More>>

Startup Spotlight

Company – Oxbotica
HQ Location –   Oxford, UK 
Total Funding – USD 76.39 Mn
Year of Inspection – 2014
About: Oxbotica is creating the software for next-gen vehicles using computer vision and machine learning. Oxbotica powers the navigation, perception, user interface, fleet management, and other features needed to run self-driving vehicles in multiple environments. Read More>>

Key Insights and Signals in Automotive

Mergers and Acquistions
Standard Motor (SMP) acquires Stoneridge’s sensor business 
The buyout of the particulate matter sensor product line from Stoneridge gives Standard Motor access to advanced emissions control technology used in commercial vehicles. Read More>>
Volkswagen-backed mobility service Gett weighs SPAC merger 
If it does go public, it would be the latest in a line of urban transportation businesses to join the stock market. Read More>>
Partnerships
Palantir and Faurecia Embark on long-term strategic partnership 
The partnership will accelerate its digital transformation and ambition to be CO2 neutral. Faurecia will use Palantir’s Foundry software to gain further insights from manufacturing to purchasing, from engineering to finances. Read More>>
Grupo Antolin set up a new JV with NAEN in China to promote best-in-class electronic integrated solutions 
It consolidates Grupo Antolin as a global supplier of technological solutions for car interiors. It will develop state-of-the-art solutions that integrate new technologies, lighting systems, decorative surfaces, and electronics. Read More>>
Volvo Autonomous Solutions forms JV with Foretellix 
The new joint program will enable massive scale testing of millions of different job site scenarios, which will validate autonomous vehicle AIs and help them adapt within their ODDs. Read More>>
Tech Mahindra partners with ThoughtSpot to offer AI-driven analytics 
Tech Mahindra will integrate ThoughtSpot’s search and AI-driven analytics platform with its Virtual Analyst platform to drive multi-level data analysis and empower users with real-time insights to make informed business decisions. Read More>>
Honda and Acura Vehicles equipped with built-in wi-fi hotspots powered by Bell 
The hotspot supports real-time email and text access, enables on-the-go video streaming, gaming, web browsing for passengers, and keeps devices connected up to 50 feet away from the vehicle. Read More>>
Hankook to co-develop data-based services with Hyundai and Kia 
The collaboration seeks to build a system through which the separate companies can exchange the knowledge and data needed to develop future technologies and solutions for mobility and vehicle operation management. Read More>>
Deals and Deal Renewals
Honda has 2 electric SUVs coming for 2024, will ride on GM platforms 
Honda will build two new vehicles on GM’s Ultium platform. Honda’s own Ultium-based electric SUVs may not be autonomous, though one or both may offer GM’s Super Cruise system. Read More>>
EVmo to buy a fleet of Tesla EVs, go all-electric by the end of 2021 
With a range of 263 miles, Tesla Model 3 makes it affordable and profitable for both the driver and the company. The decision to use EVs by Uber and Lyft have pledged to utilize EVs by 2030. Read More>>
Montgomery Transport reinforces company commitment to safety innovation with fleet-wide adoption of Stoneridge MirrorEye® camera monitor system 
In addition to improved vision and reduced blind spots, MirrorEye will enhance vision at night and inclement weather, reduced fatigue, panning of the view to track the trailer through turns, a wider field of view, and enhanced operational efficiency. Read More>>
Executive Movement
Ford appoints Brett Wheatly as CEO of TransLoc 
Wheatley will tap existing synergies between TransLoc and Ford to develop transit operations and the data infrastructure needed to power transportation solutions. Read More>>
Mahindra Auto CEO in North America to retire at month’s end 
The company reviews its market positions and business opportunities worldwide to conserve cash and invest in projects that have profit potential. Read More>>
Alison Jones appointed as Stellantis country manager UK 
The group appointed Paul Willcox as group MD and Sr. VP for Vauxhall Motors. Both Jones and Willcox report to Maxime Picat, chief operating officer, enlarged Europe, at Stellantis. Read More>>
Executive changes at Renault Nissan Mitsubishi alliance  
Gianluca De Ficchy is replacing Véronique Sarlat-Depotte as alliance Exec VP for purchasing and managing director of the Alliance Purchasing Organisation. He will take up the new role on April 1 this year. Read More>>
Center setup and Expansion
Hella expands with new development center in Romania
The automotive supplier continues to expand its software and electronics activities. The company recently opened a new test and development center at the Craiova site in Romania. Read More>>
Indonesia talks with Tesla on EV battery plant still in progress
The government and state-owned enterprises (SOE) had started plans for a factory to either power EVs or energy storage systems (ESS), a complementary technology to solar photovoltaics and wind turbines. Read More>>
Autoliv to set up airbag inflator manufacturing plant in India 
The company will build a new airbag inflator plant close to Chennai. Localization of inflator production will meet customer requirements while mitigating global supply chain disruptions and fluctuations. Read More>>
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