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Audi will install Cisco Webex in-vehicle application to turn the car into a hybrid workplace

Key Signals in Automotive

Partnerships
IperionX is up 107% on a deal with Ford
Ford Motor Company will partner with IperionX to source recycled titanium components with low carbon emissions for Ford Performance vehicles. Ford’s commitment to sustainability and membership in the First Movers Coalition aligns with this partnership. The project is anticipated to be completed during the third quarter of 2023. Read More>>
Collaboration from Cisco and Audi that turns vehicles into office environments
Audi and Cisco Webex have partnered to improve the hybrid working experience. The partnership intends to satisfy the demand for flexible, seamless working solutions supporting a contemporary work culture. Read More>>
Deals
DAF and Einride drive road freight transport electrification
Einride and DAF have agreed to provide 50 fully electric new generation DAF trucks with three to five battery packs and a range of up to 500 kilometers without emissions. DAF’s extensive dealer network in Europe will be responsible for maintenance. Read More>>
Hyundai is set to supply 1,300 fuel cell buses to Seoul
Seoul has contracted Hyundai Motor to replace 1,300 internal combustion engine buses with fuel cell buses by 2026. Hyundai will provide 1,000 city buses and 300 airport shuttles, and by 2030, all 451 city shuttles will be converted to fuel-cell electric vehicles (FCEVs). Read More>>
Centre Setup and Expansion
General Motors and Samsung SDI plan a US$ 3 Bn battery plant in Indiana
The plant is expected to begin operations in 2026 and will create approximately 1,700 jobs, solidifying GM and Samsung SDI’s joint venture in producing electric vehicle batteries. Read More>>
Fisker to open China delivery center in 2023 and start deliveries of Fisker Ocean SUV in Q1 2024
Fisker Inc. is actively preparing to set up its delivery center in China. The center will serve as a hub for delivering the Fisker Ocean SUV to customers nationwide, utilizing its strategic location and logistical capabilities to ensure smooth operations and customer satisfaction. Read More>>
Executive Movements
Ford appoints Liz Door to head the supply chain
Door’s prior Whirlpool and General Motors roles have provided her extensive experience. Her appointment aligns with Ford’s commitment to enhancing quality and lowering costs under the Ford+ initiative. Read More>>
Proterra appointed Jeffrey Embt as Chief Accounting Officer
As CAO, Embt will report to CFO David Black and supervise accounting, internal control, and process enhancement. Embt has nearly 20 years of experience in corporate accounting and financial management. Read More>>
General Motors installs Hector Villareal as the new CEO for its operations in South Korea
Hector Villareal has been appointed as the new CEO of General Motors’ business unit in South Korea, effective August 1. Currently serving as the vice president of sales, service, and marketing at GM Mexico, Villareal will also assume the role of president for GM Korea. He brings a wealth of industry experience to his new position. Read More>>
Layoff
Autoliv to cut 8,000 jobs to cut costs against inflation
Due to high inflation, Autoliv will cut jobs globally, mainly in Europe, as part of cost-reduction efforts. The company aims to close several European plants, affecting countries such as Romania, Poland, Hungary, France, and Turkey. Job cuts have also been implemented in Mexico, China, and Thailand. Read More>>
Product Launch
VinFast unveils compact VF 3 EV for the Vietnamese market
The compact SUV features a retro-inspired boxy design and incorporates cladding on the bumpers and wheel arches. The minimalist cabin offers seating for up to five individuals. It will have a single-motor electric powertrain. Read More>>
Kia to launch all-electric EV9 SUV that gives 501 kms on a single charge
The Kia EV9, equipped with a 99.8 kWh battery, offers a range of 501 km on a single charge. Priced between US$ 57,000 and US$ 64,000, Kia plans to introduce the model in Europe, the United States, and other markets later this year. Read More>>
Li Auto to launch its first battery EV model by year-end
Li Auto announced the launch of its first battery electric vehicle, the Mega, by the end of the year. Priced at over CNY500,000, it aims to become the top-selling passenger car in its price segment. Li Auto also unveiled a high-voltage platform battery, boasting a 400 km range on a 9.5-minute charge. Read More>>
Financial and Market Activity
Hyundai May 2023 sales analysis Creta, Venue, i10, i20, Aura
Hyundai reported a YoY sales growth of close to 15%, with 48,601 units sold in May 2023 compared to 42,293 units in the same period last year. The Hyundai Creta led the sales with 14,449 units, showing a 32% increase over May 2022. The compact SUV recorded 10,213 unit sales, up from 8,300 units in the previous year. Read More>>

Latest Industry Insights from Draup Braindesk

Smart Vehicle Management Services
  • Polaris develops Automated Guided Vehicles (AGVs) that autonomously carry loads and navigate with facilities to operate without onboard drivers, relying on software and sensor-based guidance systems for precise movement. 
  • Polaris enhances its software and sensor-based guidance system, enabling efficient management of leisure vehicle inventory with tasks like pallet loading, handling, and pallet wrapping, ensuring operational excellence. 
  • The company utilizes 3D printing technology and data-driven approaches to optimize inventory levels, streamline processes, and improve supply chain efficiency for accurate tracking and efficient replenishment.
Advanced Driver Assistance Systems 
  • By integrating various technologies, Polaris aims to enhance Advanced Driver Assistance Systems (ADAS) for vehicle safety and improve the driving experience.      
  • These systems utilize sensors, cameras, and intelligent algorithms to provide collision warning, lane departure warning, adaptive cruise control, and automatic emergency braking.
  • Polaris leverages automatic emergency braking, pedestrian detection, surround view, parking assist, driver drowsiness detection, and gaze detection to deliver safety-critical features for enhanced vehicle safety.
Advanced Automotive Solutions
  • Polaris expands advanced automotive solutions and services to develop cutting-edge technologies, specialized vehicle customization, performance enhancements, maintenance & repair services, and comprehensive customer support. 
  • The Company strives to provide exceptional automotive solutions and services to meet its customers’ evolving needs and demands, ensuring high performance, reliability, and an enhanced driving experience. Service Providers with rich expertise in these areas would be apt to serve Polaris with better solutions.
Electric Motorcycle Innovation
  • Polaris focuses on developing electric motorcycle powertrains and technologies to create transformative electric off-road and snow vehicles, including high-performance electric motors, advanced battery systems, lightweight materials, and smart charging solutions.       
  • It enhances innovative and sustainable solutions for off-road adventures and snow-based experiences. Service providers with rich expertise in Electric Motorcycle Innovation would be winners.

Key Funding Alert

General Motors to invest US$ 632 Mn into Fort Wayne assembly
GM’s investment will strengthen its full-size truck business and facilitate the production of next-gen internal combustion engine full-size light-duty trucks, enhancing GM’s U.S. manufacturing operations and benefiting over 50 nationwide assembly, stamping, propulsion, and component plants. Read More>>

Startup Spotlight

Company – Zeway
Total Funding – USD 44.51 Mn
About: Zeway develops mobility solutions to help people switch to electric scooters on a subscription model that allows access to a network of stations with electric scooters, insurance, assistance, and maintenance services, helping customers move within Paris without causing air pollution. Read More>>

Latest Reports Published in Draup

Paccar – Account Intelligence Report
Paccar offers advanced charging solutions for dealers and customers, driving e-fleet expansion, reducing carbon and noise emissions, and enhancing sustainability in North America and Europe’s transportation sectors. Read More>>
Here’s what’s new on our Sales Intelligence Platform
Introducing Outsourced Workloads and Tech Stack Developer filters in Universe
  • Effortlessly filter companies based on their outsourcing engagements using the new Outsourced Workloads filter in Universe
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