Hitachi ABB’s Grid-eMotion Fleet to charge Volvo electric buses in Sweden

Key Insights and Signals in Automotive

Centre Setup and Expansion
Porsche expands Asia operations with a new plant, R&D center 
Porsche is expanding its presence in Asia with a R&D center in Shanghai, China, and a production site in Malaysia. The R&D location in Shanghai will help Porsche increase the understanding of the Chinese customers and their requirements and improve local product development. Read More>>
Robotic vehicle firm Nuro plans to put the facility at Vegas Speedway 
Nuro will build an end-of-line manufacturing facility and a closed test track at the Las Vegas-area raceway for the company’s next-generation autonomous vehicle. Read More>>
Deals and Deal Renewal 
Hitachi ABB to charge Volvo electric buses in Västerås 
Hitachi ABB Power Grids will supply its Grid-eMotion Fleet smart charging infrastructure solution to the Swedish city of Västerås. Local transport company Svealandstrafiken had ordered ten electric buses from Volvo. Read More>>
Executive Movement 
General Motors appoints Santiago Chamorro to lead GM South America 
Chamorro will lead the implementation of planned key investments for the future of GM’s operations in South America and ramp up production as the industry emerges from the global semiconductor shortage and the COVID pandemic. Read More>>
Daimler’s technology boss steps down to start his venture 
Daimler AG’s Mercedes-Benz’s CTO Sajjad Khan will leave the company to form his technology-venture capital fund. Mr. Khan was responsible for advancing digitization at Mercedes-Benz and significantly shaping the product portfolio. Read More>>
Mahesh Babu set to join Ashok Leylands EV business 
Mahesh Babu, the ex-CEO of Mahindra Electric, will join Chennai-based Ashok Leyland Limited. Mr. Babu is credited with building a robust B2B electric vehicle business for Mahindra. Read More>>
EV startup Lordstown appoints new CEO 
US-based electric pickup truck manufacturer Lordstown Motors Corp. appointed Daniel Ninivaggi as its new CEO. Mr. Ninivaggi has also held CEO positions for Mogul Holdings Corp. and Icahn. Read More>>
Former Scania exec appointed new Navistar CEO 
Mathias Carlbaum has been appointed CEO and President of Navistar International Corporation, succeeding Persio Lisboa. Before that, Carlbaum served in sales and management roles at Traton-owned Scania. Read More>>
Mergers and Acquisitions
Ford JV to sell the heavy-duty truck business to Volvo Trucks 
A three-way partnership between Ford Motor Co., Changan Automobile Co., and Jiangling Motors Group signed a deal to sell its heavy-duty truck subsidiary to Volvo Trucks. The Yuan 781 Mn (USD 121 Mn) deal will allow it to focus on its light-commercial vehicle and Ford operations, Jiangling Motors said. Read More>>
Volvo bought a Chinese auto company to expand its manufacturing presence in China 
Volvo bought JMC Heavy Duty Vehicle to build Volvo trucks for the China market starting in 2022. The objective is to begin producing the new heavy-duty Volvo FH, Volvo FM, and Volvo FMX trucks in Taiyuan for customers in China from the end of 2022. Read More>>
Faurecia to buy Hella in USD 8 Bn deal 
Hella is selling its 60% stake in the company to Faurecia SA. Faurecia has exposure in automotive interiors and has positioned itself to grow in electric and autonomous vehicles. Read More>>
VinFast announces battery cooperation with StoreDot
VinFast will collaborate with StoreDot to develop fast-charging batteries and manufacture batteries. The company is also working on the commercialization of solid-state batteries. Read More>>
Porsche to partner with Sime Darby for first assembly plant outside Europe 
Sime Darby and Porsche will assemble sports cars for the Malaysian market. It will be Sime Darby’s first assembly plant of the German sports car manufacturer outside of Europe. Read More>>
Geely’s EV brand scores a USD 500 Mn investment led by CATL and Intel 
A luxury electric vehicle unit of China’s Geely has partnered with top EV battery maker CATL and other investors to accelerate new technologies. Intel Capital has invested in emerging technologies worldwide and contribute to its self-driving technology know-how. Read More>>
Sunverge, Simply Energy, Nissan, and Wallbox partner on vehicle-to-home and EV-to-grid services 
Under the partnership, the Sunverge real-time Distributed Energy Resource (DER) platform will be expanded to control EV charging and EV batteries as energy assets. It will allow utilities to harness fleet Vehicle-to-Home to enhance distributed energy resource control real-time dynamic, flexible load management. Read More>>
Goodyear to supply connected tire technology to autonomous trucking developer 
Goodyear will collaborate with Plus to develop Plus’s autonomous vehicles. It will supply connected tires, which will feed data into Plus online, a machine-learning-based software stack, to help enhance fuel efficiency. Read More>>

Latest Industry Insights from Draup Braindesk

Automotive players adopt digital technologies from product design, procurement, production, supply chain to sales and marketing. 

  • BMW will use AI applications to integrate into the various production processes combined with smart data analytics for enhanced efficiency in vehicle production. 

  • Ford uses Symbio Robotics to empower automation teams to deploy and maintain general and flexible systems. 

  • Automated Guided Vehicle (AGV) is used at Audi to carry item supply trolleys, guided by a multi-level pathway via a plan of the production facility stored in their memory. 

From the functional prototyping phase to design and tooling production, manufacturers use 3D printing to manufacture auto components. 

  • Toyota will produce headlights for the cars using 3D printing technology, increasing production speed and reducing waste. 

  • Renault partnered with Jabil to help Renault Sport Formula One Team overcome engineering challenges using SLA, SLS, and direct metal 3D printing for wind tunnel parts, investment casting patterns through to on-car parts to add driving speed between every race. 

  • Hyundai Mobis opened a 3D printing facility, the Concept Model Laboratory, to print 3D personalized vehicle components. 

Production planning using Digital Twins collects real-time data of resources, materials, and production capacity to assess daily, weekly and monthly production tasks. 

  • Pirelli developed a new platform called Pirelli o9 platform to model every node of its supply network, creating a digital twin of the supply chain. 

  • Kia partnered with Hyundai to introduce a new production planning system called Kia Virtual Reality (VR) Design Evaluation System. 

  • Ford engaged in a robust digital twin as modern vehicles collect and use large amounts of data. The large volume of data and the complexity of the company’s products led Ford to develop seven separate digital twins for a vehicle. 

Key Funding Alert

Upstream raises USD 62 Mn Series-C to scale cloud-based security 
The funding will bolster its automotive cloud-based security to prevent remote hacks. Upstream intends to expand its offerings in data analytics, insurance telematics, predictive analytics, and business intelligence. Read More>>

Startup Spotlight

Company – Baraja 
Total Funding – USD 63.06 Mn
About: The 3D machine vision systems manufacturer invented a new type of LiDAR called Spectrum-Scan, which delivers the highest performance available to address the challenge of self-driving cars. Read More>>

Latest Reports Published in Draup

Goodyear Tire and Rubber Company Account Intelligence Report: Goodyear focuses on enhancing non-pneumatic tire and wheel assembly to support vehicle transportation to load and increase speed and durability. It is investing upwards of USD 100 Mn over ten years on future mobility solutions. Read More>>
Continental AG Account Intelligence Report: Continental focuses on providing automotive solutions like digitalization, assisted and automated driving based on emission-free drive systems, and mobility-related technologies for clean vehicle drive systems. Read More>>
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