Technology Bulletin

    • Tata Motors to Launch Nexon EV in Q1 2020
    • Oct 8, 2019
    • "The electric version of the Nexon is likely to be priced at around US$22,000. At this price point, it will be tough to sell in a cost-sensitive market lik... View More
      "The electric version of the Nexon is likely to be priced at around US$22,000. At this price point, it will be tough to sell in a cost-sensitive market like India, where the best-selling car is priced at around US$4,000. Hyundai Kona, an electric car priced at around US$35,000, sold just 130 units in the last three months. Automakers continue to test waters and learn from their experience. They remain bullish, despite the current low demand, of the long-term future for electric vehicles in the country. This is because of the increasing government push, fast-developing ecosystem, and declining battery costs."- Aman Madhok (Source: Inside EVs)
    • Ford and Mahindra’s Announce JV in India
    • Oct 8, 2019
    • "Ford Motor Co. is ceding management of its India operations to Mahindra and Mahindra Ltd (M&M), and transferring most of its assets in the country int... View More
      "Ford Motor Co. is ceding management of its India operations to Mahindra and Mahindra Ltd (M&M), and transferring most of its assets in the country into a joint venture. The deal will effectively end Ford’s independent operations in the country. The US carmaker is estimated to be taking an impairment charge of US$800 million to US$900 million, related to the value of its India assets. The transaction will be completed by mid-2020, after which the JV will become operational. Ford’s urgent step is consistent with its global strategy to lower risks by withdrawing from markets it has failed to grow profitably. Earlier in June, Ford announced it would restructure its European operations, shutting several production units and laying off about 12,000 people by end-2020." - Vinay Piparsania (Source: Bloomberg)
    • Tesla Accelerating Efforts to Make Its Own Battery...
    • Oct 8, 2019
    • "Tesla acquired Hibar, a Canadian company with expertise in automated battery manufacturing for electric vehicles, laptops, and others. This will help Tesl... View More
      "Tesla acquired Hibar, a Canadian company with expertise in automated battery manufacturing for electric vehicles, laptops, and others. This will help Tesla accelerate its plans to manufacture its own battery cells. Although the company has no plans to abandon its current battery suppliers, Panasonic and LG Chem, the acquisition is not the first in this space for Tesla. It aims at creating bespoke battery solutions for longer range and increased lifecycles to create differentiation instead of increasing competition in the electric vehicles sector. Tesla also struck a five-year research agreement with Jeff Dahn, whose team published a paper on a long lifespan battery (million-mile battery) being a possibility. Since battery capacity, range, and lifespan all are important concerns in the electric vehicle industry, making a breakthrough innovation in any of these can be a big differentiator for Tesla." - Shobhit Srivastava (Source: Engadget)  
    • VW Group to Produce New Gen VW Passat, Skoda Super...
    • Oct 8, 2019
    • "In view of Turkey’s positive macroeconomic conditions, its relatively low 150 cars per 1,000 population, a qualified workforce, and a well-developed... View More
      "In view of Turkey’s positive macroeconomic conditions, its relatively low 150 cars per 1,000 population, a qualified workforce, and a well-developed supplier base, VW Group is planning on manufacturing the next-gen VW Passat and Skoda Superb at Manisa, near Izmir, from 2022. With an annual production capacity of 300,000 vehicles, the focus will be on export markets. VW also sees producing locally as the most strategic way to hedge against Turkey’s volatile currency fluctuations." - Vinay Piparsania (Source: AutomotiveNews Europe)
    • Bosch Overcoming Automotive Slowdown by Developing...
    • Oct 8, 2019
    • "Bosch, the German automotive supplier, with slowdowns observed in almost all global markets, sees no growth in car production until 2025. With the lower a... View More
      "Bosch, the German automotive supplier, with slowdowns observed in almost all global markets, sees no growth in car production until 2025. With the lower automotive production and sales in China and India, Bosch has been hit hard and is considering plant closures and over 1,000 job cuts. The company is strategically looking at opportunities in electric mobility and advanced technology in vehicles to reduce emissions, and also on autonomous driving. Bosch is also offering mobility services providers a wide-ranging portfolio. However, it will still not be enough to overcome the current downward spiral in the market." - Vinay Piparsania (Source: AutomotiveNews Europe)
    • Access in Alliance with Bosch for Android-based In...
    • Sep 24, 2019
    • "Japanese infotainment solution provider Access has launched its new Android-based in-car platform, Access Twine4Car which will be availabile&nbs... View More
      "Japanese infotainment solution provider Access has launched its new Android-based in-car platform, Access Twine4Car which will be availabile for Bosch's in-vehicle infotainment system (IVI). The partnership between Access and Bosch extends Access’ core platform with a flexible app solution that provides media sharing and multi-device synchronized content playback. Access Twine4Car is a solution that combines white-labeled content streaming service with an infotainment services platform and comes as an automotive app store, enabling OEMs to deliver extended functionality over the vehicle's lifetime without the need for costly OTA updates." - Vinay Piparsania (Source: ET Auto)
    • Infineon and Synopsys Alliance to Develop Automoti...
    • Sep 24, 2019
    • "Looking to integrate AI-driven solutions with its future automotive microcontrollers, Infineon Technologies has announced a collaboration with Synopsys. N... View More
      "Looking to integrate AI-driven solutions with its future automotive microcontrollers, Infineon Technologies has announced a collaboration with Synopsys. Next-generation AURIX microcontrollers from Infineon will support new high-performance AI accelerators, called Parallel Processing Units (PPU), that will employ Synopsys DesignWare ARC EV Processor IP. By developing the PPU together with Synopsys, Infineon is looking to enhance future AURIX microcontrollers to meet the increasing AI computational requirements. These requirements are to handle large amounts of data to be processed for applications, such as future gateways, domain and zone controllers, engine management, electro-mobility, and advanced driver assistance systems (ADAS) that operate safety features." - Vinay Piparsania (Source: AutoCar Professional)
    • Amazon Ordering 100,000 Rivian e-Vans
    • Sep 24, 2019
    • "Amazon is placing an order for 100,000 electric vans from US-based EV designer and OEM, Rivian Automotive, for delivery between 2021 to 2024. The Amazon v... View More
      "Amazon is placing an order for 100,000 electric vans from US-based EV designer and OEM, Rivian Automotive, for delivery between 2021 to 2024. The Amazon vans, under an exclusive deal, will be built at Rivian's plant in Normal, Illinois. The contract value and number of units from a company like Amazon will surely boost Rivian's consideration by future customers and investors. Amazon and Ford Motor Company are already investors in Rivian. Recently, Rivian also announced a US$350 million investment from Cox Automotive, pegging the company's valuation around US$3.5 billion." - Vinay Piparsania (Source: Reuters)
    • Umicore Formed a Partnership with LG Chem for Supp...
    • Sep 24, 2019
    • "Umicore made a multi-year contract with LG Chem for supplying Nickel Manganese Cobalt (NMC) cathode materials to LG Chem's battery production plants i... View More
      "Umicore made a multi-year contract with LG Chem for supplying Nickel Manganese Cobalt (NMC) cathode materials to LG Chem's battery production plants in Poland, Korea, and China. The strategic supply agreement will start in 2020 and deliver 125,000 metric tonnes of material over several years. They are also going to form a technology licensing agreement that covers intellectual property rights in the high-end NMC cathode material and energy storage applications in the automotive industry. As the automotive industry is transitioning from fossil fuels to EVs, this agreement will help LG Chem to keep up with the rising demand for rechargeable lithium-ion batteries. LG Chem will also be able to use Umicore's experience in producing cost-effective, long driving range, and fast charging battery modules. Additionally, Umicore will help LG Chem in battery recycling which is going to become a new trend in the industry."- Soumen Mandal (Source: Umicore)
    • Hyundai Motors and Aptiv in $4 Billion JV for Auto...
    • Sep 24, 2019
    • "In what is possibly its largest overseas investment, the Hyundai Motor Group announced that it will invest US$1.6 billion in a joint venture with Irish au... View More
      "In what is possibly its largest overseas investment, the Hyundai Motor Group announced that it will invest US$1.6 billion in a joint venture with Irish auto supplier Aptiv, to develop self-driving vehicle technologies. Hyundai Motor, Kia Motors and Hyundai Mobis will together invest US$1.6 billion in cash and US$400 million in research and development resources, valuing the JV with Aptiv at US$4 billion. Aptiv will own 50% in the JV and will contribute its autonomous driving technology, intellectual property, and approximately 700 employees focused on developing autonomous driving solutions. The JV will be testing autonomous systems in 2020, targeting to have production-ready autonomous driving platforms for self-driving taxi providers and fleet operators within 2022. More and more global automakers and suppliers are choosing to forge alliances among each other, looking to share the financial and technical risks of developing autonomous vehicle technologies. With Hyundai having lagged its global peers, this JV is Hyundai’s ticket to catch up." - Vinay Piparsania (Source: AutoNews)

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