Protean to supply Dongfeng with in-wheel drive tech motors for autonomous vehicles

Key Signals in Automotive

Centre Setup and Expansion
New Toyota 3S center with body and paint in Cyberjaya 
The company launched a new 3S (sales, service, and spare parts) center in Cyberjaya. Operated by Otomobil Sejahtera (OSSB), the center, which also provides body and paint services, will extend the brand’s coverage to customers in the area. Read More>>
Auto Bavaria launched a second Service Fast Lane center in Kuala Lumpur for BMW and MINI owners 
The company launched its second BMW & MINI Service Fast Lane center in Malaysia at the new Auto Bavaria CSL. The Service Fast Lane focuses on providing quick service and repairs for BMW and MINI vehicles, covering regular vehicle maintenance, wear and tear repairs, tire replacements, cosmetic repairs, etc. Read More>>
VinFast seeks a US Government loan to expand the factory 
The effort will support the expansion with a planned plant built in North Carolina. VinFast has pledged to create 7,500 jobs at its planned plant in North Carolina, where the company will make the battery-powered VF8 and VF9 SUVs. Read More>>
Maruti Suzuki-Toyota sets up a new plant in Noida 
The company plans to open a new plant in Noida. Effective April 1, the government has notified the concession on motor vehicle tax for the vehicle registered against submission of a certificate of deposit. These end-of-life vehicles are collected from the customers’ houses and brought to the scrapping facility in Noida. Read More>>
Volvo CE to build a tech training center 
The company broke ground on a new USD 6.4 Mn where technicians will receive training center at the company’s North American headquarters in Shippensburg, Pennsylvania. Scheduled to open in early 2023, the facility will host in-person and virtual training courses for heavy equipment technicians. Read More>>
Tesla inaugurates Texas manufacturing plant, size of 100 soccer fields   
The company announced the construction site of the Tesla Gigafactory in Austin, Texas, U.S. Visitors mingled under red and blue lights while production machinery and Tesla models were displayed like museum artwork. Tesla received more than USD 60 Mn in tax breaks to build the factory. Read More>>
Opel Astra signs new agreement with Intelli-Air for optimum interior air quality 
The company signed a deal with Intelli-Air to maintain the air’s interior quality. Intelli-Air combines highly effective air and particulate filters with an air quality monitoring system. When the exterior air quality is poor, the car’s air quality sensor (AQS) closes the vent so that no pollutants can enter the car’s interior. Read More>>
Tata Motors bags order for 1,300 commercial vehicles 
The company bagged an order for 1,300 commercial vehicles from VRL Logistics. The order comprises medium and heavy commercial vehicles and intermediate & light commercial vehicles suited for logistics operations of VRL Logistics, the Mumbai-based automaker. Read More>>
San Antonio selects Balcones for USD 113 Mn MRF contract 
The company signed the contract to provide the San Antonio Solid Waste Management Department with citywide recycling processing services for over 15 years. Under the agreement, Balcones may build a new MRF in the area. Read More>>
Volvo Construction Equipment partners with FIA World Rallycross Championship to drive sustainable change 
The three-year partnership will see Volvo CE put to work a mix of its industry-leading electric construction equipment and its most sustainable and innovative solutions in the exciting world of motorsport. The FIA World Rallycross Championship now enters an entirely new era of fully-electric racing. Read More>>
LLumin accepted into Mitsubishi Electric e-F@ctory Alliance partner program 
LLumin CMMS+ solution is built on Industry 4.0 tech to create smart maintenance processes allowing customers to monitor and set remediation rules and actions. Such innovation adoption helps companies improve production quality and uptime. The data gathered from devices, sensors, and control systems on the platform enable real-time predictive maintenance for any manufacturing or industrial process. Read More>>
Protean partners with Dongfeng to power in-wheel electric motors in its electric cars technology hybrids and electrics 
The two companies will implement in passenger cars, light commercial vehicles, and future transportation solutions with Weifus industrialized manufacturing capabilities and DFMs expertise in distributed drive technology. Read More>>
Mergers and Acquisitions
Motherson acquires auto parts company, Marelli 
The company is in an advanced stage of talks to acquire Marelli, the Italian auto components maker owned by private equity firm KKR, in the Indian company’s biggest acquisition to date. The acquisition will propel the group to be among the global top ten in the segment. Read More>>
CMA CGM buys auto logistics firm Gefco as Russia’s RZD, Stellantis exit 
The company acquired nearly 100% of Gefco, the auto transport company previously co-owned by Russian Railways and carmaker Stellantis. CMA CGM had been authorized by the European Commission to acquire Gefco’s capital immediately, pending final approval of the deal expected in the coming month. Read More>>
Porsche buys into group eyeing USD 1 Bn e-fuels plant in Australia 
The company acquired a 12.5% stake in HIF Global for USD 75 Mn. The Chilean plant will produce 55 million liters of fuel annually by 2024 and can be scaled up to 550 million liters by 2026. Besides Porsche, other new investors include US companies EIG, Baker Hughes Company, and Gemstone Investments. Read More>>
Executive Movement
Panasonic announces new MD for the Asia Pacific 
The company announced that Atsushi Sugishima, currently the planning director at Panasonic Asia Pacific Pte Ltd, has been appointed as the managing director. Sugishima will succeed Takehiko Ryu, who has retired from his role. Read More>>
Honda Malaysia appoints Hironobu Yoshimura as its new managing director, CEO 
The company appointed Hironobu Yoshimura as its new managing director and CEO. Yoshimura succeeds Madoka Chujo, who is headed back to Japan to take on a new role within Honda Motor Company in the sales division of the automobile operations sales supervisory unit. Read More>>
Volkswagen appoints Thomas Schfer Volkswagen Brand CEO and Klaus Zellmer KODA, the AUTO CEO 
The company appointed Thomas Schfer as CEO or COO of Volkswagen. Schfer will also join the Group Board of Management as the member responsible for the ‘Volume’ Brand Group. Read More>>

Latest Industry Insights from Draup Braindesk

  • In FY 2020, Motorcycle revenue decreased by 3% due to a decline in large-displacement motorcycles sales.  
  • Marine revenue increased 4% due to large outboard products in North America.  
  • In FY2020, Automobiles revenue decreased by ¥ 383.1 billion to ¥ 3,488.4 billion, decreasing both in Japan and overseas due to sales of automobile motors.  
  • In FY2020, Suzuki’s overall sales increased by 5% due to motorcycle sales.  
  • Overall, market sales in Asia decreased by 5%, and significant Suzuki sales country is reduced. The market record was as high in Mexico with a 2.4% share and maintained top market shares in Bolivia and Barbados. 
  • Sales of motorcycles in India decreased by 18% due to the cost of products.

Key Funding Alert

Porsche invests USD 75 Mn in an eFuel production company 
The company invested in HIF Global LLC, an active e-fuel production facilities project developer. Initiated by Porsche with partners Siemens Energy and ExxonMobil, the production of eFuels from hydrogen and CO2 using wind energy is expected to start there in mid-2022. Read More>>

Startup Spotlight

Company –  Lusix
Total Funding – USD 45 Mn
About: Lusix grows and produces lab-grown diamonds for the gemstone market and various industrial applications. With a cutting-edge R&D team driving proprietary product innovation and a vertically integrated and advanced automated facility. Read More>>

Latest Reports Published in Draup

Gentherm Incorporated Account Intelligence Report: 
Gentherm is keen to expand technology leadership with focused investments in key core technologies and competencies, including thermophysiology, electronics, simulation, thermal engines, and integration. It focuses on developing self-driving and electric vehicles to increase the use of cars and ridesharing. Read More>>
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