Technology Bulletin

    • Huawei Delays Launch of Foldable Mate X
    • Jun 25, 2019
    • "A foldable phone is the ‘next big thing’ that will bridge the gap between the tablets and smartphones. It can also stem the steady decline of ... View More
      "A foldable phone is the ‘next big thing’ that will bridge the gap between the tablets and smartphones. It can also stem the steady decline of the smartphone market. Taking cues from the screen failure of Samsung Galaxy Fold, Huawei has delayed the launch of its foldable device. Foldable phones are using plastic screens instead of glass used in smartphones. Plastic is more prone to scratches and failures considering the Mohs’ scale. The other issue is Huawei’s version of the folding display smartphone, folds on the outside. This makes Huawei foldable device more susceptible to damage. Both the companies will now put more time in testing the devices before they land into the hands of consumers. Moreover, Huawei’s foldable phone is a 5G device, and due to the US trade ban, it will face trouble procuring the 5G components. Inability to use Android OS will also be an issue. " - Parv Sharma (Source: The Verge)
    • Xiaomi Refocusing in Latin America
    • Jun 25, 2019
    • "Xiaomi signed a partnership with e-commerce company B2W to boost sales of its smartphones in Brazil. As a result, e-commerce sites Americanas.com, Submari... View More
      "Xiaomi signed a partnership with e-commerce company B2W to boost sales of its smartphones in Brazil. As a result, e-commerce sites Americanas.com, Submarino, and Shoptime will sell the mobile phones of the Chinese manufacturer,. The first devices to go on sale will be the Mi 9, Mi 8 Lite, Redmi Note 7, Redmi 7, Redmi Go, Redmi Note 6 Pro, and Pocophone F1. Samsung and Moto own the lion’s share of the Brazil smartphone market, which is one of the toughest markets to do business within Latin America due to local manufacturing and sourcing mandate and secondly distribution. Apple, Huawei, Alcatel, and LG have struggled to make headway into these markets over the years. Xiaomi is sensing this opportunity with Huawei and Alcatel struggling. Xiaomi is looking to take a crack at this market again after failing to capitalize almost three years ago. It has also opened up its first branded store in Sao Paulo to build brand recognition. However, we will have to see how Xiaomi expands on its local smartphone manufacturing strategy to remain price competitive with rivals." - Neil Shah (Source: Telecom Paper)
    • Huawei Expects $30 Billion Revenue Hit From US Cla...
    • Jun 25, 2019
    • "Huawei CEO Ren Zhengfei mentioned that he expects the company’s revenue to drop by US$30 billion per annum over the next two years due to the US&rsq... View More
      "Huawei CEO Ren Zhengfei mentioned that he expects the company’s revenue to drop by US$30 billion per annum over the next two years due to the US’ trade ban. Huawei, which turned in a revenue of US$104 billion last year, expects revenue to be around US$100 billion this year and the next. This is down roughly US$25 billion as compared to its initial revenue target for 2019 of US$125 billion. As it is the first time Huawei has officially indicated the effect of the US pressure, it comes as a surprise. For weeks, the company stood its ground that Huawei was technologically self-sufficient. However, Zhengfei expressed a belief that the company will increase its output again from the year 2021 and grow stronger. Although it seems unlikely that the Chinese government will let Huawei’s condition worsen, considering its footprint and reputation as one of China's tech giants, the situation does not seem to be near a resolution." - Liz Lee (Source: Wall Street Journal)
    • Taxi Aggregators in India to Go Electric
    • Jun 18, 2019
    • "The Indian government is planning to make shared mobility providers like Ola and Uber achieve 2.5% fleet electrification by 2021, 5% by 2022, 10% by 2023,... View More
      "The Indian government is planning to make shared mobility providers like Ola and Uber achieve 2.5% fleet electrification by 2021, 5% by 2022, 10% by 2023, and 40% by April 2026. Electric taxis could create pilot ecosystems demonstrating practical difficulties to overcome, before deploying electric mobility at a large scale. This is a good opportunity for automakers like Hyundai (investor in Ola) to deploy electric cars on the road and understand the user and driver experience." - Aman Madhok (Source: Reuters)
    • Great Wall Motors, Set to Invest over $1 Billion i...
    • Jun 18, 2019
    • "Great Wall Motors, China’s largest utility vehicle maker, is planning to set up an India unit, likely to be named Haval Auto, India Haval, or India ... View More
      "Great Wall Motors, China’s largest utility vehicle maker, is planning to set up an India unit, likely to be named Haval Auto, India Haval, or India Haval Auto Sales. Chinese automakers are undoubtedly looking to India as a hedge to the slowdown in China. This was evident in SAIC launching the MG brand in India. Great Wall will surely look to buy-out underutilized plants of existing manufacturers in the country to jump-start its operations. It is planning to participate at the New Delhi  Auto Expo in 2020. We can expect Great Wall to follow a similar strategy as SAIC’s MG Motors, prioritizing locally produced SUVs, while also introducing EVs, given its expertise in making batteries." - Vinay Piparsania (Source: ET Auto)
    • Mahindra Electric Mobility in Talks with Global Pl...
    • Jun 18, 2019
    • "Mahindra is increasing investments in producing electric motors, battery packs, motor transmission, and power dynamics. This follows recent policy announc... View More
      "Mahindra is increasing investments in producing electric motors, battery packs, motor transmission, and power dynamics. This follows recent policy announcements by the Indian government focused on developing local manufacturing capacities of EVs for availing subsidies under the second Faster Adoption and Manufacturing of EVs (FAME 2) scheme. With the Indian EV industry in a nascent stage, Mahindra will look to supply these parts to other manufacturers too, and is already gearing up to supply electric powertrains to Ssangyong by 2020. Mahindra, in collaboration with South Korean lithium-ion battery manufacturing company LG Chem Ltd, will also be making batteries for EVs in India. LG Chem will supply cells, and with their collaboration, Mahindra will produce module battery packs. Currently,  Mahindra Electric is the only automobile manufacturing company to offer both electric three and four-wheelers to different fleet aggregators. Clearly, Mahindra intends to lead the EV race in the country." - Vinay Piparsania (Source: Live Mint)
    • LG Chem Ties up with Geely to Break into China’s E...
    • Jun 18, 2019
    • "LG Chem announced its first joint venture with China’s No. 1 automaker Geely Auto Group for the production of electric vehicle batteries, with a pla... View More
      "LG Chem announced its first joint venture with China’s No. 1 automaker Geely Auto Group for the production of electric vehicle batteries, with a plan to secure capacity of 10 gigawatt-hours (GWh) by late 2021. Geely sold 1.5 million cars in 2018 and plans to convert 90% of its commercial automobiles into battery-powered cars from next year. Through this partnership, Geely can grab the stable supplies of high-quality batteries for EVs, while LG Chem can compete openly in the Chinese EV market where there are barriers for foreign battery makers due to the government subsidies granted only for Chinese battery firms. The experience will help LG Chem will gain competitiveness in China’s EV battery market." - Sujeong Lim (Source: The Korea Herald)
    • Trump Tariffs and China Woes Trigger Worst Crisis ...
    • Jun 18, 2019
    • "Worries about a slump in the global automotive industry have risen along with an outlook that global demand for new cars could shrink by more than 4 milli... View More
      "Worries about a slump in the global automotive industry have risen along with an outlook that global demand for new cars could shrink by more than 4 million units in 2019. While dwindling consumer confidence is impacting demand in the US and Europe, the is an increased risk of a slowdown in the Chinese auto market is a key reason for concern. The Chinese market was the biggest, accounting for 28% of global production last year. However, as the trade war between the US and China intensifies, Chinese auto sales have now posted a worst-ever monthly decline. Sales tumbled 16.4% in May from the same month a year ago, the China Association of Automobile Manufacturers (CAAM) announced. It marked the eleventh consecutive month of decline and followed falls of 14.6% in April and 5.2% in March. Much worse, it is not just internal combustion engine vehicles that are experiencing a downturn in sales, but the growth in the new energy vehicle segment is also declining." - Liz Lee (Source: Yahoo Finance)
    • Toyota Motor Corp Aiming for 50% Global Sales fr...
    • Jun 18, 2019
    • "Relying on Chinese battery makers to fast forward its move to electric vehicles (EVs), Toyota is aiming for half its global sales to come from EVs by 2025... View More
      "Relying on Chinese battery makers to fast forward its move to electric vehicles (EVs), Toyota is aiming for half its global sales to come from EVs by 2025, five years ahead of schedule. The move is an admission by Toyota that it will not be able to meet the demand for its global batteries requirement on its own. Toyota already makes its own batteries for hybrids and hybrid plug-ins.  It will be partnering with China’s Contemporary Amperex Technology Co Ltd (CATL) and BYD Co Ltd. for EV battery sourcing.  In other similarly prudent moves, Toyota is looking for alliances with competing automakers and technology enterprises, to reduce the capital outlay for developing new-vehicle technologies." - Vinay Piparsania (Source: Reuters)
    • Google to Acquire Looker for US$2.6 bn to Expand C...
    • Jun 11, 2019
    • "Google has announced that it is going to acquire Looker, a hot analytics startup that has raised more than US$280 million. Google is paying US$2.6 billion... View More
      "Google has announced that it is going to acquire Looker, a hot analytics startup that has raised more than US$280 million. Google is paying US$2.6 billion for the deal and adding the company to Google Cloud. The deal is Google’s fourth largest acquisition ever, behind the US$3.1 billion acquisition of online ad-serving company DoubleClick in 2007, the US$3.2 billion purchase of home technology company Nest in 2014, and the US$12.5 billion acquisition of Motorola Mobility in 2012. Google, with this acquisition, is trying to expand its dominance in the Cloud Infrastructure Market. It got very aggressive with this acquisition, as Google and Looker have around 350 common customers. The addition of Looker should bring a net gain that could help them upsell their products to other parts of the Looker customer base. Thomas Kurian, SVP of Google Cloud,  said  that Looker compliments Google’s hybrid cloud strategy, which involves Google ensuring that its technology works with rival cloud companies and the internal data centers of its customers." - Prachir Singh (Source: CNBC)

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