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Volvo Cars Tech Fund invests in electric car charging company FreeWire

Green Car Congress

Volvo Cars has acquired a stake in mobile EV rapid charging company FreeWire Technologies ( earlier post ) via the Volvo Cars Tech Fund. Drivers thus can enjoy all the benefits of fast charging without operators needing to go through the hassle of establishing a high-voltage connection to the grid.

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Nissan and Honda unite to join global software-defined EV race, play catch up with Tesla

Baua Electric

Like many rivals, the two believe that software (including autonomous driving, connectivity, and AI) will “determine the value of vehicles in the future.” Nissan and Honda view the new tech as a “source of competitiveness.” Nissan and Honda plan to design and develop tech to power next-gen SDV platforms.

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CAR report quantifies automotive’s position as a leading high-tech industry

Green Car Congress

Percentage of Global R&D Spending by Industry, 2013. Source: Booz & Company “Global Innovation”; Battelle R&D Magazine; Center for Automotive Research 2012. The report authors acknowledge the difficulty of defining “high-tech” in an ever-changing economic environment. Click to enlarge. Source: IRI 2013, CAR.

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GM and GlobalFoundries in long-term direct supply agreement for US production of semiconductor chips

Green Car Congress

This agreement supports GM’s strategy to reduce the number of unique chips needed to power increasingly complex and tech-laden vehicles. With this strategy, chips can be produced in higher volumes and are expected to offer better quality and predictability, maximizing high value content creation for the end customer.

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Varroc appoints Dixit Roy Mahidhara as CEO of subsidiary, CarIQ Tech – ET Auto

Baua Electric

Dixit Roy Mahidhara Varroc , a leading global tier-1 automotive supplier, has appointed Dixit Roy Mahidhara as Chief Executive Officer of its subsidiary – CarIQ Technologies Private Ltd. He brings a wealth of experience and expertise to this critical role and will help drive the future of connected vehicles at Varroc, the company said.

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2024 trends in the auto industry promise a focused approach | Autocar Professional

Baua Electric

So, while the Covid-19 lockdowns severely affected the entire automotive industry’s value chain, it also began to embrace a fresh perspective amidst the global crisis. Mobility solutions, green tech, safety Some industry reports predict the domestic automobile sales volume to grow by a moderate eight to ten percent in FY24.

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U-Michigan, China enter two new automated and connected vehicle partnerships

Green Car Congress

The University of Michigan is entering two separate agreements with Chinese institutions targeting automated and connected vehicles. First, a $27-million research agreement with Shenzhen-based investment firm Frontt Capital Management will advance autonomous, connected vehicles and robotic technologies. Second, a $2.5-million

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