Samsung SDI, Stellantis to set up electric vehicle battery joint venture in the U.S.
Key Insights and Signals in Automotive
Centre setup and Expansion Hella expands Shanghai electronics plant The German supplier expanded the Shanghai vehicle electronics factory to meet the rising demand for key auto components. The annual production capacity has doubled to more than 40 million electronic components. Read More>> Daimler officially started operations of its new R&D Tech Center China in Beijing Daimler is bundling different disciplines like research, engineering, simulation, and testing. The engineers in the new R&D Tech Center China can optimize comfort and durability for electric vehicles. Read More>> Vingroup to build USD 387 Mn battery cell plant in central Vietnam The company will debut in the U.S. and Europe markets next year with midsized VF e35 and the seven-seater VF e36. VinFast is partnering with other players to further R&D and establish research facilities to develop battery and charging technologies. Read More>> Stellantis and LG Energy Solution will produce lithium-ion battery cells for EVs in North America The factory to be built at an as-yet-unnamed site should start making cells in 2024, with a targeted output of 40 GWh/year once it is fully operational. Stellantis was formed by Fiat Chrysler Automobiles (FCA) merger with Peugeot SA (PSA). Read More>>Deals Samsung SDI, Stellantis agree on joint electric vehicle battery deal The companies will produce electric vehicle (EV) batteries for the North American market. Samsung SDI has EV battery plants in South Korea, China, and Hungary, supplying BMW and Ford Motor. Read More>> BAIC Group inks agreement with China’s veteran IT firm Inspur Inspur would assist BAIC Group in perfecting its digital management system, enhancing the foundation of digitalization, and upgrading the carmaker’s scenario application capabilities. The group expanded its service to governments and enterprises in more than 100 countries and regions, with R&D bases in America, Japan, and branches in 26 countries. Read More>>Partnerships Hyundai Motor Chief vows to cooperate with Indonesia Chung presented the future vision of his automotive group plans to cooperate with the Indonesian government to expand its business there in response to the government’s presentation of the country’s electric vehicle implementation road map. Read More>> BorgWarner Receives U.S. Department of Energy Award for High Power-Dense Inverter BorgWarner received a USD 4.97 Mn U.S. Department of Energy (DOE) award to develop a Scalable Ultra Power-dense Extended Range (SUPER) inverter. This research and development project is one of 24 university and industry-led projects to reduce CO2 emissions from the transportation sector. Read More>>Mergers and Acquisitions Volvo acquires Luqiao plant from Geely to expand local output The purchase will allow the factory to build vehicles for Volvo only while supporting the Swedish automaker’s business growth in China. The Luqiao plant will become the third production site in China dedicated to Volvo light-vehicle output. Read More>> BMW China to acquire a manufacturing unit of Brilliance Auto The manufacturing unit will expand BMW’s manufacturing capability in China and enhance its business in Liaoning province. The company will invest another RMB 25 Bn in the future in Shenyang, the provincial capital of Liaoning province. Read More>>Executive Movement Naohiro Yamaguchi was appointed the new chairperson of Isuzu Motors South Africa Yamaguchi has held various leadership roles throughout his 35 years with the Japanese vehicle manufacturer. Yamaguchi will continue serving in his current role as senior executive officer for the LCV business and will start his duty as chairperson to IMSAf while residing in Japan. Read More>> Schaeffler Greater China names new president for Automotive Technologies division Mr. Chen Xiangbin will succeed Mr. Yang Hanbing as the president of the automotive technologies division of Schaeffler Greater China. The new president, who had a doctorate in machine engineering, started his work in Schaeffler in 2006 as a test engineer. Read More>>
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Latest Industry Insights from Draup Braindesk
Global IoT Application-Market Overview – The rising need for data to drive the innovation of digital technologies is responsible for a surge in the global IoT application market. Firms aim to advance safety solutions like ADAS, improving telematics offering, smart manufacturing, and warehouse optimization.
IoT technology has many applications, from collecting biometric data through wearable equipped devices to controlling connected devices through communication networks and cloud technologies.
Among top IoT application areas, industrial/manufacturing, transportation, energy, and utility, retail are the primary sectors accounting for more than 63% of the total market in 2020.
Edge Computing, Cloud Computing, 5G and Blockchain, Industrial IoT, Machine Learning, and Artificial Intelligence are the major trends that can be seen in the Global IoT market.
Global IoT offers a suite of solutions across the following industries and business intentions.
Automotive – Vehicle, Manufacturing, Mobility, Supply Chain, Service & Maintenance
Connectivity in vehicles and integration of smart manufacturing solutions are expanding the IoT ecosystem boundaries in the automotive industry.
Major Ecosystem Enablers: Key players are focused on partnerships to innovate their manufacturing products and solutions
Key Funding Alert
Denso Invests in Cybersecurity Specialist Dellfer
Dellfer raised USD 8 Mn to accelerate the development and distribution of its cybersecurity solutions. It will provide protection and traceability for automakers. The visibility and granular, actionable insights could thwart intrusions. Read more>>
Company – Actasys Total Funding– USD 6.35 Mn About: Actasys’ automotive sensors and cameras can see in all weather and operating conditions. Its patented ActaJet(TM) technology cleans and maintains the visual clarity of sensors and cameras, achieving safety and enabling optimal operation of ADAS and autonomous vehicles. Read more>>
Latest Reports Published in Draup
DAF Account Intelligence Report: DAF wants to introduce electronic charging stations for trucks and vans. It is interested in introducing a temperature and climate control system to adjust the temperature inside the truck and AR/VR for 360-degree viewing. Read More>>
North America Automotive Market Analysis: North America is rapidly moving towards SUVs and luxury vehicles due to advancements in connectivity and heads-up displays. The North American automotive market is projected to grow at a CAGR of 7.22% from 2020 to 2025. Read More>>
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