BMW to use Blackberry’s QNX for driver assistance systems across its vehicle lines
Key Signals in Automotive
Centre Setup and Expansion Sona Comstar opens new research and innovation center for EVs in Chennai Sona Comstar, which is making speedy moves on the vehicle electrification front, has opened a new state-of-the-art research and innovation center in Chennai. This facility aims to foster the development of advanced products for next-generation electrified vehicles. Read More>> Rivian to build USD 5 Bn electric truck plant in Georgia With an annual capacity of 400,000 vehicles, the new factory will double the capacity of the one located in Normal, Illinois. For the new facility, Rivian will employ more than 7,500 employees. The company will pay for it with proceeds from its recent November 10th IPO. Read More>> Proterra expanding South Carolina operations with new EV battery system manufacturing facility in Spartanburg county Proterra announced new manufacturing operations in Spartanburg County with a commitment to invest at least USD 76 Mn and create over 200 new jobs. Proterra is an electric vehicle and technology developer focused on the commercial segment. Read More>>Deals NavInfo secures autonomous driving service, mapping contracts from Volvo cars NavInfo will perform environment constructions for Volvo cars autonomous driving function verification platform and provide corresponding autonomous driving data collection, process, and services in the next three years. Read More>> BlackBerry inks QNX technology deal with BMW Group BlackBerry announced its multi-year technology deal with BMW Group to develop technology for the automotive manufacturer’s next-generation vehicles. BlackBerry QNX technology is in production programs with 45 different OEMs, 7/7 of the top Tier 1s, and over 195 million vehicles worldwide. Read More>>Partnerships TVS Motor Company and BMW Motorrad announce the expansion of their cooperation agreement for future technologies and electric Under this enhanced cooperation, both companies have identified a range of products and technologies to deliver significant business benefits. TVS Motor Company will develop common platforms by mutually tapping the emerging technologies in the future mobility space. Read More>> Otonomo partners with NXP to turbocharge edge computing on wheels Otonomo joined forces with NXP® Semiconductors to accelerate the time-to-value for the data generated at the vehicle edge. The partnership ensures compatibility and business continuity between NXP’s S32G vehicle network processors at the vehicle edge and the Otonomo Mobility Intelligence Platform in the cloud. Read More>> Hitachi and REE Automotive form strategic collaboration; scalable data-as-a-service and analytics-as-a-service platform Through this partnership, Hitachi and REE will bring a data-driven, scalable, sustainable electric vehicle, commercial mobility solutions to market that deliver value while helping to achieve carbon emissions goals. Read More>>Mergers and Acquisitions Castle Automotive Group acquires Fox Valley Volkswagen of Schaumburg The acquisition will further diversify Castle’s overall portfolio and add to the geographic reach in the Midwest market. This new acquisition will increase the group’s annual sales revenue by USD 60 Mn and, most importantly, provide over 100 new job opportunities. Read More>>Executive Movement Autoliv appoints Sng Yih as new President of Autoliv China The company appointed Sng Yih as the new President of Autoliv China and an Autoliv executive management team member. Mr. Sng Yih is an automotive industry veteran with extensive experience leading large organizations, achieving customer satisfaction, and generating value. Read More>> Michelin named new MD for the UK and Ireland business John Howe succeeds Chris Smith as managing director. He has been global business development and corporate account manager for the same three sectors, heading a team responsible for Michelin’s largest international key accounts. Read More>>
Latest Industry Insights from Draup Braindesk
Service providers support the automotive industry by providing and developing various solutions, and the companies seemed to be focused on achieving carbon neutrality and adopting hybrid cloud technologies.
TCS partnered with Jaguar Land Rover to create a dynamic platform driven by research and innovation while steering towards advanced concepts and electric vehicle (EV) technologies. It helps shape the entire EV ecosystem’s wider growth, development, and transformation.
Capgemini expanded its EV fleet services to achieve carbon neutrality for its operations through hybrid and electric cars and vans. Capgemini stopped its pure Internal Combustion Engine (ICE) diesel and petrol vehicles order.
HCL joint ventured with Volvo for an end-to-end IT services deal, including driving its digital transformation program to capitalize on new opportunities to improve internal business processes and customer experiences.
Infosys partnered with Daimler to modernize its infrastructure and enhance hybrid-cloud innovation across automotive industries. This collaboration improves cloud technology, AI-powered solutions, and carbon-neutral solutions.
Tech Mahindra acquired IT consultant service provider Beris Consulting Gmbh for EUR 7 Mn (USD 7.92 Mn). The purchase will assist Tech Mahindra in unlocking transformative growth in the IT and application area for the automotive industry due to EV, sharing, and mobility.
Key Funding Alert
Audi raises e-mobility investments to EUR 18 Bn (USD 20.37 Bn)
Audi wants to invest the funds for electrification projects from 2022 to 2026. Audi invested in electrification for 2021 to 2025 at EUR 15 Bn (USD 16.98 Bn). For the first time, these future technologies account for more than half of the total investments in the group. Read More>>
Company – Hiyacar Total Funding – USD 15 Mn About: Hiyacar is a UK peer-to-peer car-sharing platform that helps communities live smarter, happier, healthier, and wealthier. Car owners make money by sharing their cars, and drivers have a new way to get around without owning a car. Read More>>
Latest Reports Published in Draup
SEG Automotive Account Intelligence Report: SEG Automotive focuses on e-mobility and virtual private platforms by utilizing AI, RPA, cloud computing, and machine learning that help to improve e-mobility and develop competitive products for the future of transportation. Read More>>
Yamaha Motor Company Account Intelligence Report: Yamaha Motor Company functions in land mobility, marine products, robotics, etc. The Yamaha Riding Feedback System evaluates riding skills and provides riders with visual feedback for improvement. Read More>>
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