This week in Automotive: Globalization in China will create a new avenue of opportunities around autonomy and electrification

Latest Industry Insights from Draup Braindesk

Autonomous vehicles (AV) are transforming the business models of legacy auto players, which is expected to create opportunities worth trillions in the upcoming decade. Billions of dollars are being invested by Hi-tech companies, startups, OEMs, and Tier-Is to build a niche and full-stack AV capabilities. 

  • Honda has created a strong partner ecosystem with GM, Ushr and Sensetime to develop navigation, object detection, and self-driving platform capabilities.
  • Marelli partnered with Xenomatix to deliver modular LiDAR system solutions to meet future global automotive needs. 

Cost-efficient EV solutions and innovative business models like battery swapping have emerged to enable widespread adoption of electrification. OEMs and Tier-Is are looking for the key battery and as-a-service business partners that can reduce their time-to-market. 

  • Honda is leveraging EV expertise from Panasonic, CATL, Moixa, and Tencent to catch up with the EV market’s leading players.
  • Tier-Is like MagnaContinental, and Bosch highly focus on Modular EV platform architecture, Fast/super-chargers, and Silicon Carbide (SiC) technologies to develop smart EV components.

Chinese OEMs are racing to launch their EV and AV solutions to local and emerging markets. This globalization intent is expected to open a door of immense R&D and technology opportunities for TSPs with Chinese players. 

  • Toyota partnered with FAW GroupDongfeng MotorBeijing Automotive, GAC, and Beijing SinoHytec to launch a China joint venture to develop fuel cell systems.
  • BAIC Group acquired ~21.26% shares of UCAR to jointly develop intelligent vehicles tailored for mobility service or available for swapping batteries. 

Latest Reports Published in Draup

Mahindra & Mahindra Account Intelligence Report: Mahindra & Mahindra focuses on developing digital technologies that can improive CX and network services for its clients. 
Read More>>
Volvo Car Corporation Account Intelligence Report: Volvo’s initiatives focus on developing electric vehicles and developing in-house e-motor manufacturing plants for building sustainable technologies. 
Read More>>

Key Funding Alert

Volocopter raises 200 million euros for air taxi certification push 
Volocopter said it expects to bring its VoloCity air taxi into commercial service within the next two years, while it has also teamed up with logistics group DB Schenker to deploy heavy-lift cargo drones. 
Read More>>

Startup Spotlight

Company – Wallbox  
HQ Location –   Barcelona Area, Spain
Total Funding – USD 63.27 Mn
About: Wallbox designs, develops, and manufactures intelligent charging solutions for electric vehicles and plug-in hybrids for both domestic and business use. Its customers include major automobile manufacturers and large electric utilities. Read More>>

Key Insights and Signals in Automotive

Rivian partners with Meridian Audio for premium sound in its EVs 
Rivian is the first all-electric automaker to to focuses on the outdoor experience with its vehicles. Read More>>
Volvo Autonomous Solutions and Foretellix form partnership 
The partnership will focus on providing high levels of safety and productivity of Volvo Autonomous Solution vehicles and machines. Read More>>
Lordstown Motors and Holman Enterprises announce co-marketing agreement and expanded alliance 
The co-marketing agreement establishes the framework to co-develop business opportunities with Lordstown customers and ARI clients, while the vehicle procurement agreement addresses terms for the order and delivery of a set number of Lordstown Endurance trucks over a three-year term. Read More>>
Daimler Truck AG, Volvo Group form cellcentric joint venture 
The joint venture will develop, produce and commercialize fuel-cell systems for use in heavy-duty trucks as the primary focus, as well as other applications. Read More>>
Honda, KTM, Piaggio and Yamaha Motor announce swappable battery agreement 
The goal of the Swappable Batteries Consortium is to help standardized technical specifications of swappable battery systems for vehicles in the L-category: mopeds, motorcycles, tricycles and quadricycles. Read More>>
Geely to bring flying car to China in around 2024 in partnership with Volocopter 
Volocopter builds electrically powered air taxis, with the aim to save people time and to help megacities transform their transportation systems towards a more sustainable future by adding new mobility options. Read More>>
Kia Motors partnership with Apple to help make brand’s 1st electric vehicle still possible 
The first Apple electric car was reported to to be built on Hyundai’s electric vehicle platform and the initial model could lead to new vehicles built in association with General Motors and European manufacturer PSA. Read More>>
Mergers and Acquisitions
HARMAN acquires Savari to support development of 5G-ready connected cars
The technology will facilitate communication between the car and the surrounding smart city infrastructure. Read More>>
Ashok Leyland to acquire Nissan International’s 38% stake in Hinduja Tech 
The company proposes to acquire 58,500,000 shares held by Nissan International Holding B.V to make it as a wholly owned subsidiary of the company. Read More>>
Goodyear, Cooper $2.8B deal creates U.S. tire leader 
The addition of Cooper’s complementary tire product portfolio and highly capable manufacturing assets, coupled with Goodyear’s technology and industry leading distribution, provides the combined company with opportunities for improved cost efficiency and a broader offering for both companies’ retailer networks. Read More>>
New Product Development
KTM, Yamaha, Honda and Piaggio to get common battery tech in the future 
Once the swappable battery packs are standardised, it will be easier for the four brands to develop their own electric two-wheelers that would be compatible with a common swappable battery pack. Read More>>
Volvo Plans to sell only electric cars by 2030 
The partnership will focus on providing high levels of safety and productivity of Volvo Autonomous Solution vehicles and machines. Read More>>
Automaker Geely gains approval for satellites for self-driving constellation 
The satellite constellation will provide Vehicle-to-vehicle (V2V) and Vehicle-to X-(V2X) communications to realize full autonomous self-driving. Read More>>
Fisker soars 45% after it partners with Foxconn to develop and manufacture a new electric vehicle 
The vehicle will be Fisker’s second EV model, after its Ocean electric SUV, which is expected to be launched next year and is being manufactured in partnership with Magna. Read More>>
Executive Movement
Nissan announces appointment of new vice president, brand and customer experience for AMIEO region
Coralie Musy will be responsible for overseeing all customer touchpoints with the Nissan brand including digital platforms, media channels and Nissan’s suite of connected services. Read More>>
General Motors exec to join Caterpillar board 
Gerald Johnson joined GM as part of a co-op program in 1980 and has held roles of increasing responsibility, including several manufacturing and quality roles in North America and abroad.  Read More>>
Former president of BAIC’s auto part platform BHAP joins Baoneng Motor as VP 
Chen Bao will help the company build an auto-related full industry chain covering the R&D of complete vehicles and cutting-edge technologies. Read More>>
Goodyear Names SVP, global operations, CTO 
As chief technology officer, Christopher P. Helsel led Goodyear’s technology and innovation development, especially in the growing area of new mobility. Read More>>
Daimler welcomes new Fuso leader in Australia 
Alexander Müller will be helping customers grow their businesses with the most advanced trucks and buses backed by the best customer support packages in the country. Read More>>

GM patents vehicle foot massage system for passengers 
The system includes a plurality of pneumatic elements positioned on the vehicle floor, an air pressure generating device, and a plurality of connecting lines each in communication with one of the pneumatic elements and with the air pressure generating device. Read More>>
Honda files patents for bike-mounted drone 
The idea is that the drone can be released on command from the motorcycle, and return automatically when needing a re-charge. Read More>>
Tesla Roadster’s revolutionary wiper design secures U.S. Patent approval 
This gives the driver coverage of the field of vision of the car they are operating, but it does not clear every raindrop from the surface of the glass. The top two corners, along with some other areas, are not affected by the traditional wiper design or range of motion. Read More>>
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