Pony.ai and Meituan to promote commercial autonomous driving tech applications for the delivery field

Key Signals in Automotive

Centre Setup and Expansion
Volkswagen opens assembling facility at Tema Free Zone enclave
Volkswagen opened a new assembling facility at the Tema Free Zone Enclave in Ghana, marking the company’s entry into the West African market. The facility will produce vehicles and parts for the domestic market and export to other African countries. Read More>>

Mass Hiring
Toyota is gearing up to start hiring for a manufacturing plant at the Greensboro-Randolph megasite
Toyota is preparing to hire workers for its new battery manufacturing plant in the Greensboro Randolph Megasite in North Carolina, USA. The company seeks to fill various roles, including production technicians, engineers, and maintenance personnel. Read More>>

Deals
Tata Motors receives an order for 1000 XPRES T EVs from OHM E Logistics Pvt Ltd in Hyderabad
Tata Motors received an order for 1,000 Xpres-T electric vehicles from Ohm E-Logistics Pvt Ltd, a Hyderabad-based logistics company. The Xpres-T EVs range is 213 km on a single charge and is well-suited for last-mile delivery applications. Read More>>
MG Motor India signs agreement with WTiCabs for 100 vehicles
MG Motor India will provide WTI Cabs with 100 MG Hector Plus SUVs to the company’s fleet. The MG Hector Plus is a three-row SUV that offers a comfortable and spacious ride. The partnership will help MG Motor India to increase its sales and strengthen its presence in the Indian market. Read More>>

Merger and Acquisition
Samvardhana Motherson acquires remaining 50% stake in Fritzmeier Motherson Cabin
FMCE is a joint venture between Samvardhana Motherson and Fritzmeier Systems GmbH & Co KG, and it specializes in designing and manufacturing cabins for agricultural and construction equipment. The acquisition will help Samvardhana Motherson to expand its presence in the global market for cabin systems. Read More>>

Partnership
Pony.ai and Meituan reach strategic cooperation
Under the agreement, Pony.ai will provide autonomous driving technology to Meituan for its delivery services. The partnership will help to improve the efficiency and safety of Meituan’s delivery operations. Read More>>

Layoff
Marelli reaches a deal with unions to cut 400 jobs in Italy
Marelli has agreed with unions to cut 400 jobs in Italy as part of a restructuring plan. The job cuts will come from Marelli’s Bologna, Pavia, and Trencin plants. Marelli has faced challenges in the automotive industry due to the ongoing global semiconductor shortage and changing demand for electric vehicles. Read More>>

Executive Movements
Tim Clark was named CEO and President of Hitachi Astemo Americas
Hitachi Astemo has appointed Tim Clark as the CEO and President of its Americas region. Clark has extensive experience in the automotive industry and has previously held leadership roles at GM, Delphi, and BorgWarner. His appointment will help Hitachi Astemo to expand its business in the Americas. Read More>>
Vacancy for Nissan fleet director as Vincze takes a new role
Nissan Motor GB has announced that its Fleet Director, Iker Lazzari, will leave the company, and a search is underway to fill the position. Lazzari’s responsibilities will be taken over by Nissan Motor GB’s Sales Director, Kalyana Sivagnanam until a permanent replacement is found. Read More>>
SPS Chauhan promoted to VP of Toyota Advanced Logistics Asia
Toyota Kirloskar Motor has promoted SPS Chauhan to Vice President of Toyota Advanced Logistics Asia. He will report to the Senior Vice President of Toyota Connected India, Amitabh Taneja. 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 contribute to the development of 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

Volkswagen is investing USD 193 Bn to accelerate the electrification revolution
Volkswagen plans to invest USD 193 Bn over the next five years to reduce electric vehicle costs and protect its position in the market. Over two-thirds of this budget will be allocated to electrification and digitization, with up to USD 16 Bn reserved for batteries and raw materials. Read More>>

Startup Spotlight

Company – Car IQ
Total Funding – USD 41.98 Mn
About: Car IQ’s car payment network eliminates the need for physical credit cards, enabling vehicles to connect to merchants and transact securely. Car IQ Pay can automatically initiate and complete payments for services ranging from fueling, toll management, paid parking, electric vehicle charging, etc. Read More>>

Latest Reports Published in Draup

Linamar Corporation Account Intelligence Report
Linamar develops precision metallic components, modules, powertrain, driveline, and body systems for global electrified and traditionally powered vehicle and industrial markets. It is creating solutions that power vehicles. Read More>>

Visteon Account Intelligence Report
Visteon intends to deliver next-gen sustainable, intelligent, connected vehicle experience, digital cockpit, intuitive mobility experience, superior driver information, in-vehicle infotainment, and support multiple displays and AI-based speech recognition. Read More>>

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