Ford reveals its electric ‘E-Transit Courier’ van, targeting urban and suburban delivery companies

Key Signals in Automotive

Ford signs a nickel smelter deal with Vale Indonesia, Huayou
The project aims to produce a lower-cost nickel product in electric vehicle batteries, a critical component of the automotive industry’s transition toward electric mobility. Read More>>
Pyrum signs new contract with Continental
Continental has entered a deal with Pyrum Innovations AG, a premium tire manufacturer. Pyrum will supply recovered carbon black to Continental for use in their tires. The agreement is a long-term serial supply contract, which means that Pyrum will supply rCB to Continental over an extended period. Read More>>
Tata Motors onboards Inchcape as its CV range distributor in Thailand
Tata Motors partnered with Inchcape to sell and service its commercial vehicle range in Thailand. With Inchcape’s experience and established presence in the Asia-Pacific region, Tata Motors aims to expand its product range. The partnership aims to strengthen Tata Motors’ position in the Thai market and enhance its global reach. Read More>>
Bridgestone is a tire partner for Lamborghini’s first-ever super sports V12 HPEV
The company was chosen as Lamborghini’s exclusive tire partner for the Revuelto based on its reputation for developing high-quality tires that deliver exceptional performance in all driving conditions. By working together, Bridgestone and Lamborghini could design and develop bespoke tires that meet the specific requirements of the Revuelto. Read More>>
Centre Setup and Expansion
Canoo is ready to open a battery plant in Mayes County
The plant will be responsible for packing batteries made by Panasonic into the modules used by the EV Canoo is building. The company’s plans have recently changed towards building the supply chain first, indicating that the battery module assembly plant was originally planned to open first. Read More>>
Magna is planning a new EV seating plant in Michigan
Magna International is set to construct a new plant in Auburn Hills, Michigan, to supply seats for General Motors’ electric vehicles. The project, estimated to cost over $100 million, is expected to generate 500 new jobs. The plant will cater to vehicles manufactured in GM’s Orion Assembly in Michigan. Read More>>
Executive Movements
Kenichi Umeda was appointed as the new Managing Director of Suzuki Motorcycle India
Suzuki Motorcycle India has appointed Kenichi Umeda as their new Managing Director, replacing Satoshi Uchida. With over 27 years of industry experience across different global markets, Umeda will be responsible for expanding the company’s position in both domestic and international markets. Read More>>
Honda 2Wheeler India appoints Tsutsumu Otani as President, MD & CEO
Tsutsumu Otani, VP at Honda Motor Co., Japan, will take over as President, CEO, and MD of Honda Motorcycle & Scooter India. He previously served as the Executive General Manager of the Shanghai Branch of Honda Motor Investment before taking over the new India operations. Read More>>
Product Launch
Rivian unveils 600-HP dual-motor AWD powertrain
Rivian introduced a new powertrain option for its R1T and R1S electric vehicles, the Performance Dual-Motor AWD system. This system features two electric motors for each axle, providing all-wheel-drive capability. It delivers 700 horsepower and an unspecified amount of torque without information on the 0-60 mph time or driving range. Read More>>
Ford unveils its third electric van, the E-Transit Courier, a compact but mighty commercial solution
Ford has unveiled its third electric van, the E-Transit Courier, for the European market. The E-Transit is already helping businesses reduce emissions, including being converted into an electric school bus and camper van. The E-Transit Custom is a complete electric commercial van with a WLTP range of 380km and new features to improve efficiency, estimated to save customers up to an hour. Read More>>
New Product Development
MG Motor India tease Comet EV interior
MG has teased the interior of its upcoming electric vehicle, the Comet EV. The car is expected to feature a twin-connected screen layout, like the one in Mercedes-Benz cars. The launch of the Comet EV is likely to take place in the coming weeks. However, MG has not revealed any details about the powertrain of the Comet EV yet. Read More>>

Latest Industry Insights from Draup Braindesk

E-Power System Vehicles:
  • Nissan introduced e-Power technology that provides the powerful acceleration, quiet driving, and greater autonomy to the driver, along with a combination of style, comfort, and outstanding design. 
  • Nissan introduced an electric truck to commence deliveries between the Port of Los Angeles and dealerships around LA and develop a more expansive network of electric delivery solutions. 
  • Nissan developed an e-Power hybrid system to offer a stepping stone in a segment with many all-electric options and boosted efficiency, range, and driving comfort. 
  • Nissan Australia aims to deliver the new Qashqai e-Power hybrid crossover, a critical model for the brand to take on the likes of the Toyota Corolla Cross Hybrid and RAV4 Hybrid. The Patrol Warrior 4×4 (late 2023) in 18 months will be a locally developed variant with Melbourne’s Premcar that’s even more rugged than the existing LandCruiser 300 rival.
Next-gen Batteries & Platform:
  • Nissan introduced the automotive lithium-ion batteries business allowing Nissan to secure a stable battery supplier and develop next-generation batteries with a competitive edge in terms of both performance and cost. 
  • Nissan introduced a platform that balances the effectiveness and performance of Nissan’s electric vehicle design by modifying and improving the body, suspension, steering, wheels, brakes, and other components.
Vehicle Monitoring Systems:
  • Nissan leverages computer vision and deep learning algorithms to monitor the quality of manufactured vehicles. The images captured from cameras installed in presses are compared against millions of test images and use AI-based algorithms for system verifications and identify quality issues alerting the technician if changes are needed. 
  • Nissan utilizes AI technology for vehicle tire maintenance to launch a tire pressure monitoring system and sense low-pressure warnings on each of the four or five tires on the vehicle. The sensor monitors the tire pressure and temperature and transmits these data and the special TPMS ID to the ECU / receiver tire pressure monitor. Service providers’ expertise in the above-mentioned areas can reach Nissan for better opportunities.

Key Funding Alert

Porsche to invest up to USD 250 Mn (USD 273.2 Mn) in new startups
Porsche AG plans to invest in emerging startups and their venture capital portfolios. Porsche Investments Management S.A. will have greater agility in its decision-making to ensure that we are even more efficiently structured and can move quickly on investment opportunities. Read More>>

Startup Spotlight

Company – Sourcemap
Total Funding – USD 27.02 Mn
About: Sourcemap develops enterprise software for end-to-end supply chain visibility, transparency, and traceability. It includes end-to-end supply chain due diligence, customs compliance, environmental and social sustainability, business continuity, and operations planning. Read More>>

Latest Reports Published in Draup

Tata AutoComp Account Intelligence Report
Tata AutoComp has ten joint ventures from global auto components industries through which it manufactures and markets automotive components for passenger, commercial, and suspension for heavy commercial vehicles. Read More>>
J.B. Poindexter Account Intelligence Report
J.B. Poindexter is keen to collaborate with automotive technology portfolios to design and manufacture commercial fleets of all sizes and across markets and accelerate commercial vehicle electrification for existing and new customers. Read More>>
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