Apollo and Glasgow University to work on AI, ML, and data mapping to implement Industry 4.0
Key Signals in Automotive
Centre Setup and Expansion Panasonic combines fuel cells, batteries, PV to power factory in Japan The company has commissioned a pilot hydrogen plant combining photovoltaics with storage and fuel cells at its fuel cell factory in Kusatsu, Shiga Prefecture, in central Japan. The system has a power output of 1.07 MW, with 570 kW provided by the solar array and 495 kW by Panasonic’s fuel cell systems. Read More>> Apollo Tyres opens a digital innovation hub in the UK The company launched a digital innovation hub in London. As part of the company’s digital strategy to implement Industry 4.0, the hub will use Artificial Intelligence and Machine Learning technologies to solve complex manufacturing problems, focusing on improving its manufacturing practices’ efficiency, quality, and sustainability. Read More>> Navistar prepares Huntsville plant for powertrain production The company Navistar is positioned to introduce an all-new integrated powertrain to the North American market. A Group-wide modular system enables efficient cross-brand development and production while allowing for regional adaptation and validation of the integrated powertrain for the North American market. Read More>> BMW inaugurates the extension of its Chinese plant The company inaugurated the expansion of its Dadong plant in Shenyang, China. After completing the conversion measures, the plant will produce vehicles with combustion engines, plug-in hybrids, or fully electric drive systems. Read More>> Honda opens a new BigWing showroom in Maharashtra The company opened a new BigWing showroom in Maharashtra. This new showroom has been opened in Ulhasnagar, on the outskirts of Mumbai. BigWing showroom is where the Japanese brand sells premium motorcycles like the Africa Twin and GoldWing. It also sells the more affordable CB350 range. Read More>> Ghanaian President opens USD 9 Mn Nissan assembly plant in Tema The new plant also has a modern water test facility to check for any leakage on new vehicles. The Nissan assembly plant was built in collaboration with Japan Motors as a licensed assembler on a 22,000 m2 plot of land of which 5000 sq is covered space. Read More>>Deals Faraday Future chooses Brembo as brake supplier for upcoming FF 91 EV Brembo will be Faraday Future’s leading full brake caliper assembly supplier for its FF 91 EV. The specialized caliper assembly for the FF 91 includes assembly, pistons, calipers, and pads, along with the electronic parking brake. Read More>> BMW has a multiyear deal for traffic info The company is under a multi-year agreement for connected navigation services (CNS). The technology has been in vehicles produced since 2020. Owners of 750,000 cars produced in 2018 and 2019 now have the system through an over-the-air update which included an automatic switch from the previous traffic provider. Read More>> Southeast Toyota, JAXPORT announces USD 210 Mn agreement to relocate and expand operations The company has the port authority’s board of directors unanimously approved a UD 210 Mn lease and relocation agreement with the world’s largest independent distributor of Toyota vehicles. Read More>>Partnerships BMW USA heading to Kentucky Derby as official automotive partner BMW of North America is heading to the 2022 Kentucky Derby as the first-ever official luxury automotive partner. The Kentucky Derby is an iconic luxury event that shares many of BMWs brand values, including performance, memorable experiences, and the finest hospitality. Read More>> Risk Solved and Hitachi Vantara announces a risk exposure partnership The joint proposition between the two companies will enable insurers to offer their customers an unparalleled risk management service. It will leverage the Internet of Things (IoT), AI, and ML to analyze information, predict and prevent claims, to increase customer engagement and retention. Read More>> Tata Motors partners with Lithium Urban Technologies The company partnered with Lithium Urban Technologies, an EV-based urban transportation service provider founded by Sanjay Krishnan, which will deploy 5000 XPRES T Electric Sedans, across the country, for employee transportation. Read More>>Mergers and Acquisitions BMW Group acquires stake in Munich-based technology provider Kinexon GmbH The BMW Group acquired a stake in its partner Kinexon. The two companies have been working together for several years to advance the comprehensive digitalization of the BMW Group production network. The integrated IPS-i software platform was developed in collaboration with Kinexon to improve the steering of highly complex processes in automotive manufacturing. Read More>> American Axle & Manufacturing acquires Germanys Tekfor The company entered into a definitive agreement under which AAM will acquire Tekfor Group for USD 125 Mn. Based in Hausach, Germany, Tekfor Group is a leading specialist in automotive fasteners and metal-formed components for driveline, powertrain, and E-mobility applications. Read More>> Wabtec acquires Beena Vision from Trimble The company agreed to acquire Trimble’s Beena Vision business, a manufacturer of machine vision-based wayside inspection systems for the rail sector. The acquisition is subject to customary closing conditions, and the financial terms were not disclosed. Read More>>Executive Movement Isuzu Motors appoints Wataru Nakano as President for India operations The company announced top management changes in its India operations, with Wataru Nakano taking over as the President and Managing Director of Isuzu Motors India (IMI). The company appointed Toru Kishimoto as Deputy Managing Director of IMI and Rajesh Mittal as President of Isuzu Engineering Business Centre India (IEBCI) and as Deputy President of IMI. Read More>> Commercial Vehicle Group appoints Jeffrey Tritapoe as Sr VP of Operations The company appointed Jeffrey (Jeff) Tritapoe as Sr VP of Operations. In this newly created role, Jeff will be instrumental in unifying the company’s procurement processes and logistics while ensuring global operational standardization. Read More>>
Latest Industry Insights from Draup Braindesk
Toyota Kirloskar Motor (TKM) is an electrical and electronic manufacturing company. This company is an Indian joint venture between Toyota Motor Corporation and Kirloskar Group to manufacture and sell Toyota cars in India.
Key Funding Alert
TVS Motor to pump in an additional investment of GBP 100 Mn (USD 130 Mn) in UKs Norton
TVS additionally invested in Norton Motorcycles, Britain’s most iconic sporting motorcycle brand that it acquired in April 2020. Some of these investments have created a world-class facility and the imminent launch of a re-engineered V4 SV and 961 Commando. Read More>>
Startup Spotlight
Company – Potential Motors Total Funding – USD 4.91 Mn About: Potential Motors is an electric vehicle technology company re-defining vehicle control in off-road vehicles. They create intelligent drivetrains and optimize suspension, steering, power, and efficiency to adapt to changing terrains and environments through reinforcement learning. Read More>>
Latest Reports Published in Draup
Honda Motorcycle & Scooter India Pvt. Ltd. Account Intelligence Report: Honda Motorcycles is developing virtual showrooms for online booking, apparel & merchandising section that offers a range of protective gear, including helmets and jackets. Honda focuses on developing manufacturing using combustion and automatic transmission technology and brake system. Read More>>
Volvo Car Corporation Account Intelligence Report: Volvo Cars focuses on developing new safety technologies and making its cars even safe by a data-driven approach using traffic data from real-world situations. It is establishing a new battery manufacturing plant to strengthen its electrification strategy and produce battery cells. Read More>>
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