Toyota accelerates autonomous vehicle tech capabilities with Renovo buyout
Key Insights and Signals in Automotive
Center setup and expansion Ford in talks to build electric transmissions at Halewood plant in boost for UK car industry Ford would be expected to commit funding running to hundreds of millions of pounds to develop the new eTrans production site. Read More>> Volkswagen Group China builds battery system factory in Anhui to strengthen BEV value chain Volkswagen Group China will construct a battery system production factory in Hefei with an annual capacity of 150,000 to 180,000 high-voltage with an investment of EUR 140 Mn (USD 162 MN) until 2025. Read More>> E- Vehicle R&D facility in Plymouth to be launched by Shyft Group The 40,000 square-foot facilities, located at Halyard Drive in Plymouth, will be home to the company’s mobility research and development department. The facility will manufacture its electric vehicle chassis, which is designed to service various truck applications. Read More>> Schaeffler opens first production plant dedicated to electro-mobility The production plant gives the company a new center of excellence for producing components and systems for electrified powertrains. The new plant, spread across 15,000 square meters, will produce powertrain components and solutions, like electric motors and hybrid drives. Read More>>Deals Proterra selected by Capital Metro in one of the largest electric transit bus procurements In North America Capital Metro to acquire 26 Proterra ZX5 Max electric transit buses. The contract contains options for Capital Metro to purchase up to 126 additional 40-foot electric buses and EV charging over five years. Read More>> Public buses going electric in Mumbai & Bengaluru; Ashok Leyland, Eicher Motors eye opportunity Mumbai has announced that the city will get 1,900 fully electric buses to add to its electric public transport fleet and could soon have the largest electric vehicle public transport fleet in India. Read More>> Ford signs deal with Redwood Materials to recycle EV batteries Ford and its battery manufacturing partner SK Innovations will secure a steady and potentially growing supply of key materials such as lithium, nickel, and copper critical to manufacturing EV battery packs. Read More>>Executive Movement Ford India head Anurag Mehrotra quits With Ford Motor Company deciding to close down vehicle manufacturing in India, Anurag Mehrotra, the President and Managing Director of its Indian subsidiary, Ford India Private Ltd, has stepped down. Mehrotra was supposed to head the Ford-Mahindra and Mahindra joint venture. Read More>> Royal Enfield to witness the exit of key management personnel Royal Enfield witnessed a shakedown in its top management after CEO Vinod Dasari stepped down from his position in August 2021. The resignations and shakedown in Royal Enfield’s senior management came at a crucial time when the brand was expanding in overseas markets to grab a leadership position in the mid-size motorcycle segment. Read More>> Mitsubishi Electric Automation, Inc. promotes Sr VP of Sales and Marketing Mitsubishi Electric Automation, Inc. is announcing the promotion of Milton Coleman to Sr. VP of sales and marketing. Coleman has nearly thirty years of experience in the automation industry and previously held the VP of Sales. Coleman will focus on improving alignment between sales and marketing. Read More>>Partnerships Former Apple design boss Sir Jony Ive partners with Ferrari This new partnership will bring together Ferrari’s legendary performance and excellence with LoveFrom’s unrivaled experience and creativity that has defined extraordinary world-changing products. Read More>> PTC and Volvo Group announce digital engineering collaboration The global manufacturer has decided to unify its CAD platforms, which positions PTC’s products as the primary CAD and PLM solutions used in complete vehicle design. Read More>> General Motors and Motorq team up for in-coaching service General Motors OnStar Business Solutions has teamed up with Motorq, the connected car API company, to help promote safer driving behaviors. Motorq enables businesses to implement connectivity-derived insights better, faster, and less expensively, so they reduce costs, create new experiences, and focus on their core. Read More>>Mergers and Acquisitions India’s TVS Motor buys a majority stake in a Swiss firm for GBP 13 Mn (USD 17.4 Mn) TVS entered into the personal e-mobility segment by acquiring a majority stake in EGO Movement. The partnership reaffirms TVS Motor Company’s commitment to electrification and the broader sustainability agenda. Read More>> Toyota’s Woven Planet buys Renovo Motors to enhance automated vehicle software Woven Planet Holdings, through the acquisition, will advance software development for autonomous vehicles. In another transaction, Woven Planet purchased Carmera Inc., a startup specializing in sophisticated road-mapping updates by tapping into crowd-sourced information obtained from millions of Toyota vehicles. Read More>> UK-based fintech partners AXA Mansard to boost insurance in Nigeria Through this partnership with AXA Mansard, borrowers on the platform will receive loan protection insurance to cover them in the event of hospitalization, thereby minimizing the financial impact of unexpected medical emergencies that may affect their ability to repay the loans. Read More>>
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Latest Industry Insights from Draup Braindesk
Using emerging technologies, establishing a battery production network has advanced EV development, Li-ion Battery production, and battery technologies.
Bosch planned to invest EUR 70 Mn (USD 81.22Mn) in launching full-scale production of 48-volt batteries at its Eisenach plant. Bosch aims to increase its sales by EUR 250 Mn (USD 290.13 Mn) with equipment for battery production by 2025.
In Europe, China Aviation Lithium Battery Technology plans to build its battery factory to double its production capacity to 200 GWh. The factory is mobilizing to deliver pre-sales and after-sales services.
Continental Engineering Services (CES) collaborated with Varta to innovate new technologies and products across e-mobility. They jointly developed a powerful battery solution to revolutionize two-wheeler traffic.
Key OEM Players in the North American region have taken steps towards innovating automated driving mobility solutions and developing zero-emission vehicles.
Ford acquired Electriphito to accelerate electric vehicle fleet adoption by offering commercial customers depot charging management vehicles like F-150 Lightning Pro and E-transit van.
Daimler Trucks partnered with Waymo to deploy autonomous SAE L4 technology. Their initial effort will combine Waymo’s industry-leading automated driver technology with a unique version of Daimler’s Freightliner Cascadia to enable autonomous driving.
Woven Capital, a subsidiary of Toyota, invests in Ridecell to accelerate global growth in IoT-driven automation for mobility and fleet businesses.
Funding Alert
Car connectivity startup Aviva raises USD 26.5 Mn in new funding
Aviva is working on a secretive “highly integrated circuit solution” to enable low-latency, multigigabit data-sharing in connected cars. Aviva Links will use the budget to speed up development and get its first chips out to customers for testing. Read More>>
Startup Spotlight
Company –ROCSYS Total Funding – USD 6.61 Mn About: ROCSYS develops solutions to automate professional charging sites fully. With its smart solutions, EV infrastructure operators can increase their asset utilization. This allows fleet operators to run business-critical operations with EVs and prepare for self-parking and self-driving. Read More>>
Latest Reports Published in Draup
Mahindra & Mahindra Account Intelligence Report: The company focuses on expanding sport utility vehicles with visual identity and recycling vehicles. It developed electric vehicles for fast-tracking delivery across its logistic business. They introduced intelligent climate controllers and parking assist that control the car’s temperature. Read More>>
Stellantis NV Account Intelligence Report: Stellantis is investing in vehicle electrification and new software/technologies and will provide 55 electrified vehicles in the US and Europe by 2025. It partnered with SVOLT to provide Li-ion batteries from 2025. Read More>>
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