20 Jan 2022Automotive
Volvo Cars furthers Internet of Vehicle with NavInfo’s autonomous driving and mapping

Key Signals in Automotive

Centre Setup and Expansion
Toyota’s first battery plant in North America will be in North Carolina  
Toyota’s new battery manufacturing plant in the United States is worth USD 1,290 Mn. The new production center will be called Toyota Battery Manufacturing North Carolina, and it will become the first battery factory of the Japanese firm in North America. Read More>>
Rivian’s second electric vehicle plant to open in Georgia in 2024  
Rivian’s second plant will be located in Morgan and Walton Counties in Georgia, east of Atlanta. The plant will cost USD 5 Bn to build, with construction slated to begin next summer and the site opening in 2024. Read More>>
Deals 
ZF propels intelligence in advanced safety, automated driving, and electrification across the mobility spectrum 
ZF continues its transformation as a software and digitally based enterprise across all its business processes. By leveraging Microsoft’s comprehensive set of cloud, Artificial Intelligence, the Internet of Things, and data technologies, ZF is becoming a cloud-native mobility services provider, delivering clean, safe, convenient, and affordable mobility solutions to its customers. Read More>>
NavInfo secures autonomous driving service, mapping contracts from Volvo cars 
NavInfo signed a service contract with Volvo Cars Technology (Shanghai) Co., Ltd. for autonomous driving. The agreement signifies Volvo Cars’ recognition of its achievements in autonomous driving, connected services, and compliance data operation aspects. Read More>>
Partnerships 
Volta Trucks partners with HERE Technologies for advanced navigation 
Volta Trucks partnered with HERE Technologies to provide location data and technology for the upcoming Volta Zero. Volta Zero is a purpose-built full-electric 16-ton vehicle designed for urban logistics, reducing the environmental impact of freight deliveries in city centers. Read More>>
Doosan Mobility Innovation partners with Iris Automation 
Doosan has signed agreements with Iris Automation and Drone America to pursue Doosan’s hydrogen fuel cell technology to enhance scalable systems for long-range, autonomous beyond the line of sight (BVLOS) UAS operations. Read More>>
Renault Group and Dassault Systems strengthen their partnership to accelerate the car manufacturers transformation with the 3DEXPERIENCE platform 
Dassault and Renault Group are reinforcing their 20-year collaboration with a new partnership contributing to Renault Group’s strategic plan Renaulution focused on value creation. Renault Group will benefit from continuous technological evolutions and functional enrichment of the collaborative 3DEXPERIENCE platform on the cloud. Read More>>
Mergers and Acquisitions
Nissan to merge Nismo and Autech 
Nissan plans will merge its in-house tuning divisions Nismo and Autech to form Nissan Motorsports & Customizing Co. By merging with Nismo, Nissan said Autech’s products and know-how could be expanded to more markets by leveraging Nismo’s global recognition. Read More>>
Executive Movement
Jay Iyengar joins Oshkosh Corporation as Executive VP and Chief Technology and Strategic Sourcing Officer 
Jay will be responsible for Oshkosh’s vision and strategy to drive the investment, development, and deployment of leading-edge technologies. She will also be responsible for global strategic sourcing activities focused on building a supply chain that delivers next-generation technologies. Read More>>
Michelin named new MD for the UK and Ireland 
John Howe succeeds Chris Smith as managing director. He has been global business development and corporate account manager for the same three sectors, heading a team responsible for Michelins largest international key accounts. Read More>>
Toyota Kirloskar announces senior leadership changes 
Raju B Ketkale will be the new Executive Vice President, Manufacturing, while Yoshinori Noritake will be the Executive Vice President and Chief Technical Officer. Read More>>
Renault UK announces new UK head and managing director 
Guillaume Sicard is now the country head UK & Managing Director Renault Brand UK, Ireland, Malta, and Cyprus. Joining the team from Renault China, where he held the role of COO, Guillaume has also previously worked as President of Nissan India and COO of Renault Turkey. Read More>>

Latest Industry Insights from Draup Braindesk

TCS, Capgemini, HCL, Infosys, and Tech Mahindra are the major contributors to outsourcing engagements in the industry. 

  • TCS partnered with Jaguar Land Rover to create a dynamic platform driven by research and innovation while steering towards advanced concepts and electric vehicle (EV) technologies. It helps shape the entire EV ecosystem’s wider growth, development, and transformation. 

  • Capgemini collaborated with Ericsson to accelerate the deployment of 5G solutions across autonomous intralogistics AIV (Automated Intelligent Vehicle), smart health, and real-time surveillance. 

  • HCL joint ventured with Volvo for an end-to-end IT services deal, including driving its digital transformation program to capitalize on new opportunities to improve internal business processes and customer experiences. 

  • Infosys partnered with Daimler to modernize its infrastructure and enhance hybrid-cloud innovation across automotive industries. This collaboration improves cloud technology, AI-powered solutions, and carbon-neutral solutions.

  • Tech Mahindra has formed a joint venture with Japan’s Sumitomo Corporation to supply engineering services to the automobile industry. 

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Key Funding Alert

Vingroup plans bond issue to raise USD 1.5 Bn 
Vingroup plans to raise USD 1.5 Bn (RM 6.31 Bn) through the issue of international bonds next year to boost capital for its automobile unit and increase charging infrastructure. The funds will be used to repay loans and expand VinFast, the group’s automobile unit. Read More>>

Startup Spotlight

Company –  RAVIN
Total Funding – USD 23 Mn
About: Ravin uses artificial intelligence to inspect vehicles using everyday mobile or stationary cameras, creating trust in car rental, sharing, sales, and insurance. Ravin combines computer vision and deep learning to detect and analyze damage in vehicles via standard cameras, such as smartphone or CCTV cameras. Read More>>

Latest Reports Published in Draup

Toyota Account Intelligence Report: Toyota focuses on expanding its electric vehicle portfolio such as hybrid electric vehicles, plug-in hybrid electric vehicles, better electric vehicles, fuel cell electric vehicles. It plans to create future mobility solutions. Read More>>
Bridgestone Account Intelligence Report: Bridgestone utilizes solar power generators to power the manufacturing process at its truck and bus tire plants. It is developing next-gen technology for safe and sustainable mobility that improves fleet safety, performance, and sustainability. Read More>>
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