Neura acquisition adds AI-powered intelligent insights to Otonomo’s mobility platform
Key Insights and Signals in Automotive
Mergers and Acquisitions KPIT Technologies acquires Future Mobility Solutions for EUR 15.6 Mn (USD 18 Mn) The board of directors of KPIT has approved the acquisition of an initial 25% shareholding in FMS. Over three years, KPIT will acquire the balance shareholding. Read More>> Foxconn strikes deal to acquire former Lordstown Ohio plant Under the in-principle agreement, the Taiwanese tech giant, also known as Hon Hai Precision Industry Co., will manufacture Lordstown Motors’ Endurance full-size pickup truck at its Lordstown facility and it will also support Foxconn’s partner and customer, start-up automaker Fisker Inc. Read More>> Otonomo Technologies acquires Neura Neura provides ridership data and other mobility-related analytics. Otonomo’s solutions, namely Rider Insights, OD Matrix, and Mobility Intelligence, is aimed at customers, including transportation planners, electric vehicle service providers, Mobility as a Service specialist, and the connected car sector. Read More>> Chip manufacturer Qualcomm agrees to buy Veoneer for USD 4.5 Bn Qualcomm is diversifying its business to include automobiles and has made a crucial acquisition that could help it gain ground in the new market. Qualcomm has been making efforts to enter the automobile market after losing ground in the mobile phone market. Read More>>Partnerships GOEV partners with AVL for ADAS for Canoo Lifestyle Vehicle Canoo’s proprietary ADAS is designed with the driver in mind – to keep occupants safe and alert. The technology provides an intuitive human interface that gives vehicle feedback to notify and empower drivers to make safer choices on the road; while reducing distractions. Read More>> MiX Telematics announces collaboration with Ford Pro Intelligence The OEM collaboration with Ford Pro aims to further optimize the MiX Telematics customer experience by lowering capital costs, with no need to purchase and install separate hardware, enabling the faster implementation of telematics software and reducing support costs. Read More>> TVS Motor signs agreement with Tata Power to develop EV ecosystem The partnership will give customers of TVS iQube Electric access to a widespread charging network by Tata Power through the TVS Motor customer connect application (app) and Tata Power EZ Charge app across India. Read More>> VinFast cooperates with AUTOBEST to develop electric cars For VinFast, the partnership with Autobest affirms that Europe is one of the key markets in the company’s global expansion strategy and that VinFast electric car models can satisfy the standards in the world’s most demanding automobile market. Read More>>Executive Movement GM hires former Nordstrom exec to lead new digital business team, adds board member An alumnus of XISS, Dharm comes with over 25 years of experience in Human resources and employee relations with expertise in HR, Talent Management & Development, HR Strategy in Sync with Business Growth drivers, Change & Transformation, and more. Read More>> Renault hires Bosch executive as mobility chief The company has appointed Fedra Ribeiro, a mobility executive with Robert Bosch, as a chief operating officer of the automaker’s Mobilize unit. Ribeiro began her career at Volkswagen in 1998, working in product engineering in her native Portugal. Read More>> REV Group names new Sr VP of Engineering & Technology The company announced the appointment of Eric Sandstrom as Sr VP, Engineering & Technology, a newly-created executive leadership position. The new role will play a critical part in evolving the product portfolio, optimizing engineering excellence, and leading product and powertrain design, innovation, and technological advancements. Read More>> Napanda Thimmaiah appointed VP of Meritor Asia Pacific Thimmaiah was named one of the most promising business leaders of Asia in 2020-2021. Meritor HVS (India) has a unit at Hootagalli in Mysuru and is a leading global supplier of drivetrain, mobility, braking, aftermarket, and electric powertrain solutions for commercial vehicles and industrial markets. Read More>> Tae-Jin Park will take over as MD and CEO at Kia India, Kookhyun Shim to retire Park has been associated with Kia India since January 2020 and with Kia Corporation company since 1987. Park will be responsible for the company’s growth and market expansion in the country. He will lead the India operations and directly oversee manufacturing, product strategy and development, business planning, and sales. Read More>>Deals and Deal Renewals Continental inks deal with Chinese AI startup The joint venture will integrate Horizon Robotics’ AI-enabled processors and algorithms into Continental’s smart cameras and control units for advanced driver-assistance systems and automated driving. Read More>> ELMS signs agreement with Cox Automotive to deliver nationwide service and support solutions to its customers Since May, ELMS and Cox Automotive have collaborated to understand ways to provide EV commercial customers with best-in-class service solutions. Customers will also have access to Dickinson Fleet Services’ network of more than 800 mobile technicians bringing service directly to their vehicles. Read More>> IBM inks 5-year tech deal with Honda Motor The contract extends an existing ten-year relationship by giving IBM Global Business Services additional responsibility for procurement operations. The integrated finance and procurement intelligent workflow are designed to enable cost savings, productivity improvements, and improved service levels to Honda’s suppliers and customers on a resilient platform. Read More>> Keysight selected by NIO to verify 5G and cellular vehicle to everything (C-V2X) connectivity in electric vehicles The car giant’s Ultium battery technology and hydrogen fuel cell system would allow Wabtec to run its locomotives with battery power. GM’s work on the Ultium battery technology as part of its joint venture with LG Energy Solution, which is currently constructing the battery cell plants in Ohio and Tennessee. Read More>>Centre Setup and Expansion Grammer continuing to expand in China The plant is producing high-quality center consoles, armrests, and other interior components for the vehicles of a European manufacturer. The site features state-of-the-art workplaces and facilities for all production steps. Read More>> Hyundai Mobis’ USD 1 Bn plants to have the world’s largest fuel cell production capacity Hyundai Mobis just broke ground on a new plant that will make hydrogen fuel cell stacks at the industrial complex in Cheongna International City, Incheon. The stacks will be transported for assembly at another upcoming plant in Ulsan. Read More>> Nissan adds USD 40 Mn safety lab to Farmington Hills Engineering Center The new lab at the Nissan Technical Center North America (NTCNA) brings more efficiency to the vehicle development process. It furthers Nissan’s goal of reaching a future with virtually zero fatalities. Read More>> Wabtec expands metal 3D printing capability The company has upped its commitment to additive manufacturing with a new 11,000 square-foot facility at the Pittsburgh Airport Innovation Campus in an area dedicated to 3D printing technology. The new, bigger lab features an SLM 800 printer that can print large-scale parts. Read More>>
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Latest Industry Insights from Draup Braindesk
There are upcoming initiatives and collaborations to expand the IoT ecosystem in the automobile Industry.
BMW Group and AWS are accelerating data-driven innovation in the automotive industry. This collaboration also aims at innovative products and solutions to improve operational performance and increase transparency in the supply chain.
Volkswagen partnered with AWS to build a cloud-based Industrial digital production platform. Volkswagen will rely upon the breadth and depth of AWS’s portfolio of services, including IoT, machine learning, analytics, and compute services.
Daimler Trucks and Waymo have signed a strategic partnership to deploy autonomous SAE L4 technology. This partnership will combine Waymo’s industry-leading automated driver technology with a unique version of Daimler’s Freightliner Cascadia to enable autonomous driving.
Hyundai Motor combines its expertise in developing innovative automotive and manufacturing solutions with Singtel’s capabilities in 5G, Internet of Things (IoT), and next-generation info-communications technologies and solutions to build Industry 4.0.
Key Funding Alert
Online car rental startup Kyte’s autonomous future flies after multi-million funding round
Kyte’s long-range plan is to have autonomous vehicles drop themselves off and return to the lot without a driver. They plan to operate with teleoperated vehicles directed by remote control and ultimately autonomous vehicles. Read more>>
Company – NoTraffic Total Funding– USD 25.65 Mn About: NoTraffic is the world’s first autonomous traffic management platform. It solves traffic challenges while unlocking mobility benefits for cities. The platform optimizes traffic lights in real-time based on smart sensors and prepares the road infrastructure. Read more>>
Latest Reports Published in Draup
Mazda Account Intelligence Report: Mazda Motor Corporation aims to adapt to the innovations and establish a leading position in the future mobility ecosystem. It developed a next-gen electric/electronic architecture, enabling speedy data processing from inside and outside a vehicle. Read More>>
Global Automotive Battery Industry: As the customers prefer zero-emission hybrid and electric vehicles, the global automotive battery market may grow at a CAGR of 5.5% between 2020 to 2026. Demand for electrification, e-mobility, infotainment, automation, cloud, quantum computing is driving the market. Read More>>
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