Samsung’s Harman expands in-vehicle mixed reality experience with Apostera acquisition
Key Signals in Automotive
Centre Setup and Expansion Volvo and Northvolt to build a battery plant in Gothenburg The new battery manufacturing plant will start operations in 2025 and create 3,000 jobs. The plant in Torslanda will have a potential annual cell production capacity of up to 50 gigawatt-hours (GWh) to supply batteries for about half a million cars a year, specifically for next-generation pure electric Volvo and Polestar models. Read More>> Suzuki opens innovation center at IIT-H The Indian Institute of Technology (IIT-Hyderabad) has set up a Suzuki Innovation Centre in association with the Japanese automobiles major. The center will address broad challenges in the mobility space, besides supporting skill development. Read More>>Deals Allison Transmission and New Flyer partner to bring electric hybrid buses to Nevada The company announced the delivery of Allison electric hybrid-equipped buses to Southern Nevada Transit Coalition, a public transportation system in Laughlin, Nevada. Allison’s revolutionary next-generation eGen Flex electric hybrid propulsion system will be integrated into two new Southern Nevada Transit Coalition buses. Read More>>Partnerships Volvo, Daimler, and Traton partner to build a high-performance charging network The parties are committing to invest USD 500 Mn, which is assumed to be by far the largest charging infrastructure investment in the European heavy-duty truck industry to date. The number of charging points is, with time, intended to be increased significantly by seeking additional partners and public funding. Read More>> ABB teams up with PACCAR on advanced EV charging for trucks Pairing ABB, a global leader in fleet electrification, with PACCAR, one of the largest manufacturers of medium- and heavy-duty trucks, is a strategic and sustainable partnership that will accelerate the expansion and adoption of e-fleet and reduce carbon and noise emissions in the transportation sector. Read More>> Ferrari teams up with Qualcomm to build a smarter road, racing cars As part of this deal, Qualcomm Technologies will serve as Ferraris systems solutions provider for its upcoming road cars and a premium partner for the Scuderia Ferrari Formula 1 team and Ferrari eSports team. Read More>>Executive Movement Hankook & Company hires Seongjin Kim as Chief Digital Officer The company appointed Seongjin Kim as the Chief Digital Officer (CDO). Kim will accelerate the digital transformation of the group and will establish an innovation model based on advanced digital technologies and build information and communication technology (ICT) strategies. Read More>> Bridgestone appoints Vicente Marino to head South America Bridgestone appointed Vicente Marino to head operations in South America, assuming the president from Fabio Fossen, who previously held the post for seven years. The executive will be responsible for maintaining the manufacturing and operational growth and aligning local strategies with the company’s global corporate responsibilities. Read More>>Mergers and Acquisitions Novi’s Harman acquires German auto-tech firm, introduces new solutions The company acquired Apostera, a German automotive technology company. Harman is dedicated to delivering in-car experiences with the speed and flexibility of consumer technology together with the reliability and performance of automotive-grade solutions. Read More>>
Latest Industry Insights from Draup Braindesk
Mobileye, an Intel company, partnered with ZEEKR to introduce the world’s most highly advanced safety technology available in the market for advanced, intelligent vehicles.
Veoneer collaborated with Qualcomm Technologies to deliver scalable Advanced Driver Assistance Systems (ADAS), Collaborative and Autonomous Driving (AD) solutions.
Canoo partnered with AVL to develop, test, and validate advanced driver assistance systems (ADAS) software comprising SAE Level 2, such as lane centering and adaptive cruise control.
Qualcomm Technologies collaborated with BMW to advance driver assistance technologies and Snapdragon Ride platform products.
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Key Funding Alert
TVS Supply Chain Solutions files for 2,000 crore IPO
TVS Supply Chain Solutions is part of the TVS Mobility Group that comprises four business verticals. The IPO will consist of a fresh issue of equity shares totaling 2,000 crores and a secondary share sale of up to 59.48 million shares. Read More>>
Startup Spotlight
Company – Point One Navigation Total Funding – USD 10 Mn About: Point One Navigation is building a localization service accurate down to a few centimeters. It combines GNSS, Inertial, and Computer Vision technologies using proprietary algorithms to build the highest performance navigation systems that can scale to mass-market applications. Read More>>
Latest Reports Published in Draup
VE Commercial Vehicles Limited Account Intelligence Report: VE Commercial Vehicles develops next-gen vehicles combining high productivity and efficiency, unmatched safety, excellent driver, and enhanced connectivity features. It leverages advanced tech to monitor fuel consumption and allow predictive vehicle maintenance. Read More>>
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