Hyundai opens a new AI-powered EV production factory to build custom EVs in Singapore

Partnerships
Chinese EV maker Nio ties up with Changan Automobile to promote battery swapping technology
The collaboration intends to accelerate EV adoption by developing battery standards collaboratively, establishing shared swapping networks, and encouraging collaborative investment in batteries between Nio and Changan Automobile. Read More>>
Ceer collaborates with Siemens to revolutionize electric vehicle manufacturing in Saudi Arabia
Using modern automation to increase production, efficiency, and quality control. The collaboration intends to establish Saudi Arabia as a global leader in the EV industry, contributing US$ 8 Bn to the country’s GDP. Read More>>
Valeo and Mahindra & Mahindra collaborate to advance electric vehicle market in India
The collaboration intends to promote the Indian electric vehicle market by offering Valeo electric powertrains to Mahindra & Mahindra and supporting local manufacture to offer sustainable and cutting-edge mobility solutions. Read More>>

Centre Setup and Expansion
Hyundai opens new robot-run smart facility to build custom EVs
Hyundai showcased its Singapore Innovation Center, a robot-operated smart facility geared for custom EVs. The seven-story hub, which houses 200 robots, allows for immersive experiences, vehicle customization, and test drives. The facility intends to revolutionize EV distribution and client contact. Read More>>
Mercedes-Benz opens first EV charging hub in Sandy Springs
Mercedes-Benz has inaugurated North America’s first electric vehicle charging station at its headquarters in Sandy Springs. Mercedes-Benz EV drivers receive benefits such as automatic reservations and complimentary charging for certain models. Read More>>
Audi-FAW to complete new electric vehicle factory in China
Audi-FAW is nearing the end of construction on its new electric vehicle production in China. The facility will initially create the Audi Q6L e-tron, followed by a Sportback variant and the A6L e-tron, with an annual capacity of 150,000 electric vehicles. Read More>>

Executive Movement
Schaeffler AG appoints Astrid Fontaine as Chief Human Resources Officer
Dr. Astrid Fontaine has been appointed to the position of Chief Human Resources Officer. Dr. Fontaine has substantial worldwide HR expertise gained through employment at Volkswagen Group and Bentley Motors, where she held Board positions and contributed to industry development. Read More>>
Manavendra Sial named Tenneco Chief Financial Officer
Manavendra Sial has over a decade of financial leadership experience, including jobs as CFO at Fluence, EVP and CFO at VECTRA and SunPower Corporation, and a decade with General Electric. Read More>>

New Product Development and Product Launch
Introducing the Hyundai Ioniq 5 N: A powerfully enhanced EV experience
The Hyundai Ioniq 5 N redefines the electric vehicle experience with N E-Shift technology. This advancement enhances the enjoyment of driving by including dynamic powertrain sounds and simulated gear transitions. Read More>>

• Volvo focuses on developing and implementing artificial intelligence technology solutions to connect Volvo vehicles to the internet and enable real-time data exchange. 
• The company integrates IoT sensors and devices into vehicles to collect data on performance, safety, and user behavior. 
• Volvo utilizes connected vehicle data for predictive maintenance, remote diagnostics, and improved customer experiences and leverages AI for predictive maintenance, personalized services, and enhancing vehicle performance. 
• Service providers with rich expertise in Advanced Vehicle Systems would find a well-built opportunity to serve Volvo.

Mobility Enhancement

• Volvo Encourage the adoption of electric and hybrid vehicles to mitigate emissions and advocate for cleaner transportation alternatives, fostering a more environmentally responsible mobility landscape. 
• The company emphasizes the development of cutting-edge safety technologies, including advanced driver-assistance systems (ADAS) and pedestrian detection tech, to enhance safety standards and protect road users effectively. 
• Service providers with rich expertise in Mobility Enhancement would find a well-built opportunity to serve Volvo.

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