Stellantis names former Airbus executive as Chief Digital Information Officer

Key Signals in Automotive

Centre Setup and Expansion
Morries Audi Volkswagen of La Crosse opens in new Onalaska facility 
The company announced it would open in its new, much larger facility at 331 Theater Road in Onalaska. The new Onalaska location also has about four hundred outside parking spaces for its inventory, many more than at the Monitor Street site. Read More>>
Hankook to invest USD 1.6 Bn in Tennessee plant expansion 
The company announced that its board of directors approved the investment to expand its Tennessee plant in Clarksville. Hankook will double US PCR/LT production to eleven million units and enable the production of 1 million TBR tires annually. Read More>>
Volkswagen to open its first all-women store in Coimbatore 
Volkswagen launched its first All-Women City Store in Coimbatore, Tamil Nadu. The move is seen as an initiative to set up a platform to champion women’s talent and diversify the automotive workforce. The store is an initiative to provide an exclusive space for women customers and a dedicated center for them to start their car-ownership journey. Read More>>
CATL battery cells to power BMWs NEUE KLASSE electric vehicles 
CATL won a contract from BMW Group to supply cylindrical battery cells to power the German carmaker NEUE KLASSE electric models starting from 2025. It will deliver to BMW Group the new cylindrical battery cells, which come with a standard diameter of forty-six millimeters and will be produced at two of CATLs future battery plants in China and Europe. Read More>>
Proterra will provide batteries for ENC’s 2nd-generation Axess electric bus range 
Proterra will provide battery technology to power ENC’s second-generation electric transit buses. It will supply its S-Series battery system to power ENCs Axess Battery Electric Bus that will be available to transit agencies in 32-foot, 35-foot, and 40-foot models. Read More>>
Merger and Acquisition
Nissan to acquire automotive battery firm Vehicle Energy Japan 
Nissan will acquire all the common shares in Vehicle Energy Japan Inc held by the lithium-ion battery maker’s biggest shareholder. After the acquisition, Vehicle Energy Japan will become its consolidated subsidiary, holding shares alongside existing shareholders. Read More>>
Group 1 Automotive completes Fairfield BMW acquisition 
The company has completed the acquisition of Essex-based BMW and Mini franchised car retailer Fairfield Motor Group. The Leigh-on-Sea business includes a BMW dealership and neighboring Mini business on the A127 Southend Arterial Road. Read More>>
Magna and Cartken to collaborate on autonomous delivery 
Magna and Cartken agreed for Magna to manufacture Cartkens autonomous delivery robot fleet to meet the growing demand for last-mile delivery. Based on Cartken’s forecast, thousands of autonomous delivery robots are expected to be produced during the agreement term. Read More>>
Suzuki partners with the Indian National Dairy Development Board for a biogas project  
Suzuki signed a memorandum with India’s National Dairy Development Board to initiate a biogas demonstration project to accelerate the nation’s carbon neutrality. Both will undertake joint studies to evaluate the business model for the future commercialization of biogas and its potential for widespread use. Read More>>
 Executive Movement
Stellantis names former Airbus exec Chief Digital Information Officer 
The company revealed it brought on former Airbus executive Chris Taylor as its new Chief Digital Information Officer. Taylor will help with Stellantis Dare Forward 2030 strategic plan revealed earlier this year. In his new role, Taylor is transforming Stellantis into a sustainable mobility tech company. Read More>>
Adam Chassin joins Volta Trucks as Chief Commercial Officer 
Volta Trucks appointed Adam Chassin as its Chief Commercial Officer with immediate effect. Most recently, Adam served as Chief Commercial Officer of Instafreight, an early-stage digital coordination platform disrupting the European overland freight transportation industry. Read More>>
Mercedes-Benz to lay off 3,600 workers in Brazil 
The company plans to outsource elements of its operations in the Brazilian city of Sao Bernardo to confront cost pressures and changing automobile industry. The company will lay off 2,200 workers from the Sao Bernardo plant, while an additional 1,400 employees will not have their temporary contracts renewed as of December. Read More>>

Latest Industry Insights from Draup Braindesk

Testing equipment
  • MHI is keen on delivering testing equipment for the safety demonstration of nuclear fusion blankets for the ITER-TBM project by providing other systems/components such as Test Blanket Module. 
  • MHI will continue to actively support the ITER project to develop this technology, which will be vital to the stable development of the world and contribute to the realization of fusion energy.
Digital Innovations
  • MHI focuses on establishing the digital innovation headquarters to expand its digital strategies, platforms, and transformation promotion functions. 
  • The company has increased the competitiveness of its product line through ICT solutions, communication networks, and information processing technologies, focusing on creating new solutions and enhancing existing ones.
Remote monitoring service
  • MHI is keen on developing a Remote Monitoring System to provide advanced compressor performance monitoring, anomaly sign detection, and root cause analysis.  
  • The cloud-based system makes it easy to connect with other platforms. 
  • Detects signs of an anomaly in real-time based on compressor operating data, conducts root cause analysis, and proposes solutions suggested by the compressor vendor.

Key Funding Alert

Bosch to Invest USD 200 Mn in South Carolina hydrogen plant 
Bosch will invest in building hydrogen fuel-cell stacks for Class 8 semi-trucks. Work has already begun on upgrades, including adding an estimated 147,000 square feet of floor space to the sprawling facility, earmarked explicitly for fuel-cell manufacturing and related operations. Read More>>

Startup Spotlight

Company – CiDi
Total Funding – USD 47 Mn
About: Changsha Intelligent Driving Institute (CiDi) has built a hardware & software integrated technology stack featuring multi-sensor fusion, deep learning, computer vision, high-precision positioning, independent decision making, V2X car networks, and other advanced technologies. Read More>>

Latest Reports Published in Draup

General Motors Account Intelligence Report 
General Motors is advancing an all-electric future that is inclusive and accessible to all. The company is committed to providing solutions that meet customers where they are. Its battery platform empowers everything from mass-market to high-performance vehicles. Read More>>
Audi AG Account Intelligence Report 
Audi utilizes AI to inspect the quality of spot welds, and Audi professionals use AI to identify irregularities in real time. It plans to invest in future technologies such as electrification and digitization. The company eliminates risky driving and boosts driving performance. Read More>>
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