Nissan partners with mapping platform Zap-Map to provide premium subscription services for EV drivers
Key Signals in Automotive
Centre Setup and Expansion BorgWarner inaugurates new VCT manufacturing plant in India The American automotive supplier has inaugurated its new manufacturing plant in Thiruvallur district near Chennai, Tamil Nadu. Spread over an area of 1,10,500 square-foot, the manufacturing plant will provide ample space for manufacturing and assembly of Variable Cam Timing (VCT). Read More>> Continental AG inaugurates a new R&D facility at Changchun Technology Center (CCTC) The new R&D building has self-service facilities, a coffeehouse, a gym, etc., to build a pleasant working environment. The CCTC currently has nearly 400 R&D staff members and will continue to boost talent recruitment, especially for software engineers. Read More>>Deals Doosan Enerbility EPC contract for KSA cogeneration plant The Jafurah Cogeneration Plant in Saudi Arabia will be constructed by Korea Electric Power Corporation (KEPCO). As project developer, KEPCO will oversee the project and operation. At the same time, Doosan Enerbility, in its role as an EPC contractor, will handle the overall process, starting from design to the equipment supply, installation, and plant commissioning. Read More>> Alicon Castalloy bags multi-year order from Jaguar Land Rover for eMobility platform The company announced that it had been selected by Jaguar Land Rover (JLR) in the United Kingdom to supply the eAxle Housing, a critical product for its eMobility platform. The product will be manufactured at Alicon’s facility in Pune, India. Read More>> Nissan inks deal with electric vehicle charging firm Zap-Map The agreement will mean buyers of Nissan’s electric vehicles (EVs) will be provided with a three-year free subscription to Zap-Map’s premium service, including in-car support via Apple CarPlay or Android Auto. The partnership offer applies to private and business orders for new Nissan EV passenger cars. Read More>>Merger and Acquisition BorgWarner to acquire charging business of Hubei Surpass Sun Electric The transaction has an enterprise value of up to RMB 410 Mn (USD 56.79 Mn), of which approximately RMB 267 Mn (USD 36.98 Mn) would be delivered at or soon after closing. The transaction is subject to the satisfaction of customary closing conditions and SSE shareholder approval. The closing is expected in the first quarter of 2023. Read More>>Partnerships Cartelux expands its partnership with Renault Australia Cartelux technology will allow Renault to drive dealer-specific marketing innovation by simplifying and automating the digital ad creation, approval, and media buying process. The Australian ad tech company also enables dynamic personalization and localization of creative assets by each dealer while delivering a consistent brand campaign. Read More>> Executive Movement BorgWarner appoints Sailaja Shankar to its Board of Directors Ms. Shankar is the Senior Vice President and General Manager of the Cisco Security Business Group (SBG), where she is responsible for the company’s global security business, including its innovative strategy, portfolio, and architecture. Read More>> REV Group names Sagar Murthy as CIO Reporting to Rod Rushing, President, and CEO of REV Group, Murthy will oversee Digital Transformation, IT strategy, application/infrastructure operations and business value creation across 20 manufacturing facilities in the US. Read More>> General Motors appoints Jack Uppal as President of GM Africa & Middle East operations Uppal brings a wealth of global experience, having held several leadership roles with General Motors across sales, marketing, and strategic business planning in China, India, Singapore, the Middle East, and his home country of Canada. Read More>>
Latest Industry Insights from Draup Braindesk
Tesla focuses on developing self-driving systems by using low-cost cameras and sensors to collect data.
Through the collaboration, Tesla intends to enhance its energy storage facility to stabilize the power system.
Tesla enhanced its Autopilot features that help with navigation, lane changing, and other traffic control facilities.
By leveraging Collaborative Robots, Tesla enhanced its manufacturing and assembling of its Model 3 electric vehicle by using robots that reduce the workforce and improve productivity.
Austin, Texas Area, United States, serves as the critical location for Tesla, focusing on Mobile Application Development and Hybrid & Electric Mobility related engagements.
Robert Bosch GmbH is the major outsourcing partner for Tesla, working on Product Engineering Services and Consulting & System Integration related engagements.
Key Funding Alert
Chinese EV maker Leapmotor raises USD 800 Mn in IPO
Leapmotor plans to use the IPO proceeds for business expansion and brand awareness promotion. The company’s main focus is on the mid to high-end EV market, with a price range of USD 21,146 to USD 42,292. The segment is forecast to show the fastest growth by 2023, according to the prospectus. Read More>>
Company – RunBuggy Total Funding – USD 19 Mn About: RunBuggy is an open car transportation marketplace that connects car shippers and haulers in real time. The company allows shippers to seamlessly connect with their existing management systems to integrate car transportation services, reducing cost and improving delivery time. RunBuggy offers transporters an alternative to expensive load boards and custom software solutions to find and manage transportation loads. Read More>>
Latest Reports Published in Draup
Volvo Cars Corporation Account Intelligence Report
Volvo Cars focuses on leveraging cutting-edge infotainment system platforms that enable partnering companies to accelerate technology development, efficiency, and revenue generation. Read More>>