Valeo and Siemens agree to a joint venture dedicated to high-voltage powertrains
Key Signals in Automotive
Centre Setup and Expansion Lotus Cars new factory in China completed The company has completed building its new factory in the Chinese city of Wuhan in central Hubei Province. Covering an area of around 100 hectares, the factory is in the Wuhan Economic and Technological Development Zone, one of China’s automotive clusters. Read More>> Tesla to build at Atlantic North in East Arlington The Tesla Inc. Service Center is cleared for construction in East Arlington, with site clearing and building permits totaling USD 9.3 Mn in job costs. The city issued a permit on July 14 for Vision General Contractors of GA LLC to build the 45,505-square-foot center at 11650 Abess Blvd. Read More>> Panasonic to build USD 4 Bn electric vehicle battery plant in the United States The lithium-ion battery plant in Kansas could create up to 4,000 new jobs as the Tesla supplier drives to expand its presence. The factory will be Panasonic’s second electric car battery operation in the United States, joining its facility in Nevada. Read More>>Deals NRG Matters UAE, France to sign diesel deal; Volkswagen Group delivers 27% more all-electric vehicles in H1 UAE and France will sign a diesel deal as the European country seeks to cut supply from Russia. Zooming in, Germany’s Volkswagen Group has delivered 27% more all-electric vehicles during the first half of 2022. The European Commission has approved a EUR 5.4 Bn (USD 5.49 Bn) hydrogen project jointly funded by 15 EU countries and 35 companies. Read More>> Hankook Tire to supply high-performance tires for German Big 3 The company started supplying tires for high-performance sedans and sports cars of the German Big 3: Mercedes-Benz, BMW, and Audi. The tire-maker will deliver its Ventus S1 Evo Z tires to BMW’s X3 M and X4 M models while also supplying its Ventus S1 Evo 3 and Winter if cept Evo 2 tires to Audi’s RS lineup. Read More>>Partnerships Petronas becomes Tata Motors lubes partner for CVs The two companies have announced their new partnership, making the lubes major a strategic lubricants partner for Tata Motors commercial vehicles. Tata Motors Genuine Oil, a unique oil formulated by Tata Motors, enhances the vehicle’s performance, and fuel efficiency, enabling long duty cycles and higher uptime. Read More>> Real Madrid partners with BMW on sustainability Spanish soccer champions Real Madrid have announced a new purpose-driven partnership with the Spanish division of German car manufacturer BMW. The Partnership agreement will see the LaLiga club and BMW launch joint initiatives focusing on future mobility, sustainability, and diversity. Read More>>Mergers and Acquisitions Continental Strategy acquires IT-focused Kaleo Partners The company has acquired technology-focused governmental consulting firm Kaleo Partners. The firm represents many technology companies, from start-ups to Fortune 500 companies such as Dell, Google, Intel, and Verizon. Read More>> Valeo completes the acquisition of Siemens e-motor JV The company acquired Siemen’s 50% share of an electric motors joint venture and will integrate it into its powertrain systems division. The company also announced in February that it would buy the Siemens stake at EUR 277 Mn euros (USD 288 Mn), increasing its net debt by EUR 741 Mn (USD 756.74 Mn). Read More>>Executive Movement Lazy days announces John North as new CEO The company appointed John North as Chief Executive Officer and a member of the Board of Directors. John brings a deep understanding of building durable scale in multi-unit, high ASP dealership models, with superb judgment in allocating capital through business cycles. Read More>> SEA Electric appoints Williams as sales VP The company appointed EV industry leader Bill Williams to vice president of sales. Mr. Williams has 25 years of experience in the EV sector through various executive positions. SEA provided him with a unique insight as the market rapidly expands. Read More>>
Latest Industry Insights from Draup Braindesk
Strategic Key Focus Areas (Integrated drive technology solution)
BorgWarner develops drive technology to deliver innovative and sustainable mobility solutions for the vehicle market and provides advanced transmission systems in a scalable and compact package that empowers global automakers to produce cleaner and more efficient vehicles.
The advanced electric drive product offers a high degree of integration, high efficiency, and smooth and quiet operation while delivering exceptional performance through its hairpin-wound stator motor technology.
The new Integrated Drive Module (IDM) offers power smart, innovative, and future-proof mobility solutions for customers. The IDM220 will provide up to 250 kW of power and 5000 Nm of torque for mounted rear drive.
Strategic Key Focus Areas (Cooling system solution)
BorgWarner focuses on developing a cooling system that offers the eFan system, new generations, and high-voltage thermal management solutions to cool components such as the e-motor, battery, and electronics. This eFan is optimized for performing efficiently by using computational fluid dynamics.
The system has a wide operating range from less than 650 volts up to 850 volts, ensuring compatibility with various high voltage for commercial vehicle electrical systems.
High-Voltage Coolant Heater provides solution controls for battery’s thermal management and cabin heating, offers electromagnetic shielding, and resists thermal shock, vibration, and mechanical stress.
Key Funding Alert
Bosch to invest USD 3 Bn to increase semiconductor supply
Bosch will invest through 2026 to expand its production of semiconductor chips. The move reinforces European production of a component whose recent scarcity has thrown automotive production into disarray. Read More>>
Startup Spotlight
Company – Euler Motors Total Funding – USD 33.09 Mn About: Euler Motors focuses on commercial electric vehicles. It is committed to accelerating India’s transition to sustainable mobility. It aims to become the category leader for cargo transport and solve last-mile logistics for e-commerce and 3PL players. Read More>>
Latest Reports Published in Draup
Geely Account Intelligence Report
Geely is committed to creating an integrated vehicle software user experience through building a full-stack development ecosystem covering electronic and electrical architecture, vehicle software, cockpit software, and autonomous driving software. Read More>>
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