Porsche enters the CO2-neutral fuel race with Siemens partnership

Key Insights and Signals in Automotive

Centre Setup and Expansion
Porsche begins construction of an eFuel plant 
Porsche will manufacture synthetic fuel in the plant built in collaboration with Siemens. Next year, the plant is expected to produce around 130,000 liters of the nearly CO2-neutral fuel with plans to convert 80% of its vehicles into EVs by 2030. Read More>>
Tesla completes the construction of its Shanghai V3 supercharger factory 
The factory will build the superchargers that Tesla plans to deploy and expand in China. The 54,000 sq. ft. factory includes five semi-automated assembly lines, which can produce 10,000 superchargers per year. Read More>>
Mitsubishi signs MoU with Bangladesh to set up a car factory 
State-owned Bangladesh Steel and Engineering Corporation (BSEC) and Mitsubishi agreed to meet the country’s growing demand for cars. The brand has outsourced its production in Bangladesh since 1977 to Pragoti Industries, whose parent company is BSEC. Read More>>
Deals and Deal Renewal
Nobina orders 122 electric buses from Volvo 
The Volvo 7900 Electric and 7900 Electric Articulated are scheduled for delivery in 2022 and 2023 for use in Sweden’s Gothenburg, Malm, and Hssleholm. Read More>>
General Motors selects Cepton to supply Lidar for 2023 production 
General Motors (GM) is planning to start installing Cepton-based lidar sensors in nine different models to enhance ADAS capabilities for automatic emergency braking and pedestrian detection and enable its upcoming Ultra Cruise system. Read More>>
BMW places battery order worth USD 23.8 Bn amid rising EV demand 
The automaker will use these batteries in its forthcoming sport in iX utility vehicles, i4 sedans, and other models. The automaker plans to switch to a new generation of batteries from 2022. Read More>>
Executive Movement
Proterra announces changes to its executive team 
Gareth Joyce, who currently serves as President of Proterras Powered and Energy business units, has been promoted to President of Proterra. Mr. Joyce will work with Jack Allen, Proterras Chairman and Chief Executive Officer, to execute its growth strategies across its Proterra Powered, Energy, and Transit businesses. Read More>>
Ford Pro announces new leadership team to augment its growth plan 
Ford Pro, a separate global vehicle services and distribution business within Ford Motor Co., announced a group of senior executives to lead the company’s efforts to develop and deliver work-ready products and services for commercial and government customers. Read More>> 
Geely Auto Group appoints Stefan Sielaff as VP of Global Design 
Geely Auto Group appointed former Bentley design chief as its VP of global design. Sielaff had previously worked with Mercedes-Benz and Audi before moving to Bentley in 2015. He will oversee Geely’s portfolio of brands, including Geely Auto, Geometry, Lynk&Co, and Zeekr. Read More>>
Faraday Future China welcomes Sr. VP of Supply Chain Liu Yuchao 
Liu Yuchao will be fully responsible for the company’s supply chain, reporting to FF China CEO Chen Xuefeng and Global Supply Chain Head in the U.S. Benedikt Hartmann. Read More>>
Volkswagen’s Chinese partner fear being sidelined after it tightens grip on JAC 
The world’s second-biggest carmaker secured a controlling 75% stake in a venture with China’s JAC in 2020 after Beijing relaxed rules that had previously barred foreign firms from owning majority stakes in local auto companies. Read More>>
Continental AG, NXP, and GAC join hands to create intelligent connected products 
The three companies adopted a “strong binding” co-development model to create suitable products for GAC Motor’s ICV development needs. With GAC’s partners and advanced technology, it will provide consumers with an intelligent and innovative driving experience. Read More>>
Stellantis to produce new EV in Morocco 
The Moroccan government’s new agreement with Stellantis will enable them to manufacture electric cars for export. Its Kenitra plant will also produce the Opel Rocks-e, an electric car recently launched for the German market by Opel (a subsidiary of Stellantis). Read More>>
Mergers and Acquisitions
Qualcomm makes a binding bid for auto tech firm Veoneer 
Qualcomm is interested in Veoneer’s Arriver software unit, which helps cars perceive and make driving decisions and would likely later divest the non-Arriver assets to private equity firms or other automotive companies. Read More>>
Bridgestone completes Azuga acquisition 
Bridgestone acquired Azuga Holdings Inc. and the Azuga fleet management platform from Sumeru Equity Partners, Danlaw Inc., and other shareholders for USD 391 Mn to develop and deploy a comprehensive fleet management solution as a central pillar of the company’s advanced mobility strategy. Read More>>

Latest Industry Insights from Draup Braindesk

With a slump in auto sales due to COVID-19, the ADAS market also witnessed a setback. But recovery is inevitable with the governmental push towards safety and consumer demand for luxury & comfort. 

Market Potential Analysis: China is expected to lead the ADAS market with immense growth potential and improving market readiness. 

  • China is leading the ADAS market supported by its active ADAS development and testing initiatives. Despite the slow adoption in China than the EMEA region, China aims for rapid L4/L5 development. 

  • Due to stricter deployment norms, NCAP1, and General Safety Regulations in the European region, market apprehensions of ADAS adoption are lower, and thus penetration is higher. 

  • The United States lacks a proper ADAS adoption framework and has a loosely structured development framework. Though this structure gives the manufacturers development and testing advantage, it fails to mandate safety for passengers, slowing down the adoption. The adoption is higher in the highway and commercial vehicle segments as compared to the passenger segment. 

  • APAC region, excluding China and including Japan, India, South Korea, Vietnam, and Australia, will witness significant ADAS technology advancement and growth. However, infrastructure-related challenges and insufficiencies will slow the deployment. 

Autonomous Driving Ecosystem: 

The Autonomous Driving value chain consists of multiple stakeholders, from OEMs and part suppliers to technology enablers, platform suppliers, and mobility service companies. 

Note: The list of the solution providers may not be exhaustive. 

Investment Alert

Tire manufacturer Pirelli announces USD 36 Mn expansion into its Mexican plant 
The expansion, a part of the company’s Industrial Plan, foresees the creation of 150 jobs, the acquisition of new automated machinery, and production processes to support growth in production of the high-performance and ultra-high-performance segments. Read More>>

Startup Spotlight

Company – Curium 
Total Funding – USD 369.52 K
About: Curium develops automated calibration technologies that will make sensors ultra-reliable and dependable in any situation and environment. It provides calibration-as-a-service (CaaS) for semi- and fully autonomous vehicles, Industry 4.0 solutions, and IoT platforms. Read More>>

Latest Reports Published in Draup

Meritor Account Intelligence Report: Meritor provides zero-emission transportation solutions for implementing clean mobility solutions to the commercial vehicle market. It delivers electrical drivetrain solutions to provide best-in-class performance, quality, and service to its customers. Read More>>
Cox Automotive Account Intelligence Report: Cox Automotive provides an industry-first fleet services network called Pivet. It provides access to the most comprehensive network of fleet service offerings, and it simplifies the fleet operation and maximizes uptime. Read More>>
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