BMW selects AWS as the cloud provider for its automated driving platform

Deal
Scania receives significant truck orders in the UK
In Europe, Scania obtains the largest truck order it has ever received: 2,500 trucks, 100 of which will be battery-operated, all of which will be delivered within a year. For Culina Group, WS Group, and AW Jenkinson Group, Consortium Purchasing Group places the order. Read More>>

Partnerships
BMW expands its deal with Amazon Web Services to include autonomous vehicle data
BMW partnered with AWS to manage data from its autonomous vehicles, including its cutting-edge driver-assist system. AWS will offer cloud storage to hasten the development of BMW’s automated vehicles. The BMW “Neue Klasse” platform for electric vehicles, scheduled to debut in 2025, will include this integration. Read More>>
Volvo Group to make electric buses in Egypt for export to Europe
Volvo has teamed up with the Egyptian bus maker MCV to construct electric buses in Egypt to export them to Europe. They aim to boost domestic assembly and manufacturing capacities and localize the electric bus sector in Egypt. Read More>>
Croatia’s Rimac and EVE Energy join forces to power the future of electric vehicles
Rimac Technology and EVE Energy have partnered to produce battery cells in Europe. The joint venture’s objectives are for Rimac Technology to design and produce a battery module and pack platform using these cells, while EVE will concentrate on cell manufacturing. Read More>>

Centre Setup and Expansion
Volvo opens new tech hub in Singapore
Volvo Cars established a technology hub and global innovation center in Singapore to develop its technology and electric car capabilities. The facility will concentrate on data analytics, software development, and innovative manufacturing, in line with Volvo’s objective of being a fully electric car manufacturer by 2030. Read More>>
South Korea’s Kia Corp plans a factory in Thailand
Kia Corp intends to build a factory in Thailand with an annual capacity of roughly 250,000 automobiles. Kia now has manufacturing facilities in numerous countries across the world, including the United States, China, India, Mexico, and Slovakia. Read More>>
Scania inaugurated a battery assembly plant for electric vehicles
Scania’s new battery assembly plant at Sweden’s Sodertalje will focus on sustainability and quality. This 18,000-square-meter factory will manufacture electric trucks and battery packs. It reaffirms Scania’s commitment to developing a cleaner transportation future. Read More>>

Merger and Acquisition
Germany’s Jost Werke to acquire Finnish manufacturer LH Lift
Jost Werke SE has agreed to buy LH Lift Oy, a Finnish manufacturer of 3-point linkages and tractor hitches. This acquisition will broaden Jost’s agricultural product offering and provide synergies in R&D and sales. Read More>>

Executive Movements
The new President of Volvo Penta is Anna Muller
Anna Muller has been named President of Volvo Penta and a member of the Volvo Group management team. She has substantial international experience in the automotive industry and is currently Senior Vice President at Volvo Trucks. Read More>>
RealTruck, Inc. welcomes Baljinder Singh as Chief Financial Officer
Baljinder Singh will head RealTruck’s finance and IT divisions, enabling growth and operational excellence. Singh has considerable leadership experience in finance and accounting, including jobs at Wahl Clipper Corporation and SVP Worldwide. Read More>>
BMW appoints Carmen Myles as the Head of MINI South Africa
Carmen Myles is set to lead the MINI team through its transition to an all-electric brand, concentrating on customer experiences and sustainability, with over 17 years of experience in sales and a strong history within BMW Group South Africa. Read More>>

New Product Development and Product Launch
Toyota reveals hydrogen fuel-cell electric pickup truck
Toyota introduced a hydrogen fuel-cell pickup truck prototype based on the Hilux. The pickup has a fuel-cell powertrain based on the Toyota Mirai with an estimated range of 372 miles hydrogen tanks and a backup battery pack. Read More>>
BMW iX1 eDrive20 launches in November as the new entry-level electric SUV
BMW plans to release the iX1 eDrive20, its entry-level electric SUV, in 2023. This new model has many of the same characteristics as the previous iX1 but at a reduced price. It has a range of up to 475 kilometers on a single charge and is powered by a 64.7 kWh battery. Read More>>

Key Funding Alert

Hyundai adds US$ 2 Bn to US EV investments
The investment represents an estimated US$ 7.59 Bn in total, with plans to create 8,500 new jobs in the region over the next eight years. The 30 GWh facility will support the production of 300,000 EVs annually, benefiting Hyundai, Kia, and Genesis production in the United States. Read More>>

Startup Spotlight

Company – Okayker
Total Funding – USD 700 K
About: Okayker is a provider of on-demand and on-site autonomous maintenance, repair, and emergency services intended for vehicle repair and maintenance. The company specializes in getting an instant estimate for any work that the car. Read More>>

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