Mercedes-Benz partners with Luminar to pioneer next-gen automated driving tech
Key Signals in Automotive
Centre Setup and Expansion General Motors to build new EV plant in Delta township According to General Motors, a new electric vehicle plant will be built in Delta township, and the Orion Assembly Plant will be retooled to build electric pickup trucks. Around USD 4 Bn goes to Orion Assembly to remake the plant. With the investment comes 4,000 new GM jobs. Read More>>Deals Samsung SDI chooses Stellantis over Rivian for its battery factory partner Samsung SDI broke its partnership with Rivian and allied with Stellantis. However, Samsung will continue to sell Lithium-ion battery cells to Rivian. Read More>> Otonomo signs up Audi as its 4th OEM contract Under the terms, Audi will provide Otonomo with GDPR (General Data Protection Regulation)-compliant Audi car data, thus becoming the company’s 4th OEM vehicle data platform partner. Otonomo’s vehicle data platform will bring value to Audi buyers. Read More>> thyssenkrupp to supply E.ON with electrical steel for digital substations thyssenkrupp Electrical Steel has agreed to provide transformer specialist SGB-SMIT with electrical steel for E.ON’s new digital stations to produce the technologically sophisticated top grades that are in particular demand. Read More>> Proterra to supply batteries for Nikola trucks Under the agreement, Proterra will supply its industry-leading battery technology to Nikola’s zero-emission trucks. Proterra product is expected to be incorporated in the Nikola Tre battery-electric vehicle (BEV) and Tre fuel cell electric vehicle (FCEV). The first Proterra Powered Nikola semi-trucks are expected to be produced in the fourth quarter of 2022. Read More>>Partnerships A strategic alliance between PTC and Schaeffler to accelerate digital transformation roadmap PTC and Schaeffler have announced a new alliance to see the global automotive and industrial supplier standardize PTC solutions to deploy an integrated, end-to-end IT landscape. Read More>> ARV partners with IBM to build a national digital corporate identity system for Thailand’s standardized corporate onboarding process ARV is launching a blockchain-based National Digital Corporate Identity (NCID) platform, developed with IBM, IBM Cloud, and Red Hat OpenShift. The industry’s highest FIPS secures the platform 140-2 Level 4 security certification, implementing the Keep-Your-Own-Key concept to support future scale and expansion. Read More>> Nissan, Renault, and Mitsubishi reboot their alliance for the electric age The push entails rolling out 35 new battery-powered cars across five common manufacturing platforms by the end of the decade. When developing new technologies such as next-generation batteries, automated-driving features, and software, it relies on burden-sharing. Read More>> Mercedes-Benz partners with Luminar to enhance pioneering work in next-generation automated driving systems The company announced a partnership to accelerate the development of future automated driving technologies for passenger cars. A central component of this is the optimal access to new technologies and global competencies. Read More>>Mergers and Acquisitions Faurecia completes USD 6 Bn Hella acquisition Faurecia has completed its acquisition of a controlling stake in lighting supplier Hella in a EUR 5.3 Bn (USD 5.95 Bn) deal that is one of the biggest European automotive supply chain deals in the past three years. Read More>> TVS Motor Company acquires European e-bike maker Swiss E-Mobility Group for USD 100 Mn The acquisition reaffirms TVS Motor Company’s commitment to expansion in Europe through a portfolio of premium and technology-leading brands, including Norton Motorcycles and EGO Movement, which were recently acquired. Read More>> Aptiv acquires Wind River for USD 4.3 Bn Aptiv executed its USD 4.3 Bn all-cash acquisition of Wind River from TPG Capital. Aptiv and Wind River’s synergistic technologies and decades of experience delivering safety-critical systems, we will accelerate this journey to a software-defined future of the automotive industry. Read More>>Executive Movement Kia UK’s David Hilbert promoted to European role A promotion has led David Hilbert from the marketing director at Kia UK to the German head office of Kia Europe. He is responsible for marketing across the region. He joins the Kia Europe leadership team alongside fellow new appointee Alexandre Papapatropoulos, now director of product and pricing. Read More>> Mahindra Group appoints Gurpratap Boparai as CEO for the European region Mahindra Group appointed former Skoda Auto Volkswagen India MD Gurpratap Boparai as the CEO of the European subsidiary. Read More>>
Latest Industry Insights from Draup Braindesk
Service Providers Ecosystem in Automotive Report
Robotic Process Automation: The enhanced Artificial Intelligence in the assembly lines has streamlined vehicle production, making the manufacturing process more productive, efficient, and cost-effective.
Autonomous Cars: Evolving customer preferences has led to a shift in the R&D priorities of carmakers with an enhanced focus on the software layer to enable autonomous and ADAS capabilities.
Feature Enhancements: OEMs are focusing on introducing and enhancing vehicle features driven by greater demand for safety & security and the need for seamless connectivity.
Key Funding Alert
Toyota, BMW-backed robotic-shuttle startup raises USD 83 Mn
May Mobility, a self-driving shuttle startup, is backed by the venture arms of Toyota and BMW. May will use the money to advance its self-driving software to remove human safety drivers from shuttles and replace them with remote supervisors who can monitor multiple vehicles simultaneously. Read More>>
Company – Tiller Rides Total Funding – USD 1.72 Mn About: Tiller Rides is a manufacturing company. Developed by riders, Tiller integrates the latest technology, high-grade parts, and 15+ thoughtful features to revolutionize urban riding. Everything you need lives neatly in its lightweight, molded aluminum frame. Read More>>
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