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Cyber hacks might cost the autoindustry roughly $24 billion within five years, according to a new study by Upstream Security , which specializes in cloud-based security protection. billion, while we are seeing that the cost for the industry as a whole could reach $24 billion by 2023.
China’s State Council has published a plan to develop the domestic energy-saving and new energy vehicle industry, which includes battery-electric vehicles, plug-in hybrid vehicles and fuel cell vehicles. 2012 Chinese AutoIndustry Development Report. Developing the industrial system. L/100km (40 mpg US) or less.
Automation expert ABB and China’s leading automotive parts supplier, HASCO, are forming a joint venture to drive the next generation of smart manufacturing in China’s automotive industry. Both parties agreed not to disclose any further details about the investment. —Sami Atiya, President of ABB Robotics & Discrete Automation.
Percentage of Global R&D Spending by Industry, 2013. A newly-released report by the Center for Automotive Research (CAR) concludes that the automotive industry is not only “high-tech,” it is frequently a leader in technological developments and applications. Click to enlarge. —Center for Automotive Research. Click to enlarge.
XL2 was founded by Audi and Capgemini to support the automotive industry in digital transformation tasks. The joint venture that focuses on consulting and technology services for cloud and SAP S/4HANA includes industry solutions such as SAP Leonardo. XL2 is designed to enable end-to-end digital manufacturing, covering all central.
Former General Motors (GM) executive Terry Woychowski, who is now President of engineering consultancy Caresoft Global, called the arrival of the Seagull a “clarion call for the rest of the autoindustry,” adding that it’s a “significant event” (via CNBC ). auto sector,” the organization writes.
In a project co-funded by Ford Motor Company and the ExOne Company, a team of engineers, material scientists, and manufacturing experts has developed a patent-pending process for rapid and reliable binder jet 3D printing and sintering of aluminum 6061 that delivers properties comparable to die casting.
The UK automotive industry warned that the current anti-diesel agenda combined with the ongoing slow take-up of electric vehicles could mean industry misses its next round of CO 2 targets in 2021, with negative consequences for the UK’s own climate change goals. of the UK’s 2.5 —Mike Hawes, SMMT Chief Executive.
Manufacturers and NHTSA must make sure that these driver-assist systems come with critical safety features that actually verify drivers are monitoring the road and ready to take action at all times. This shouldn’t be considered optional.
However, at that time, the German autoindustry felt confident that it could continue to mainly produce and sell ICE (internal combustion engine) vehicles in Germany while at the […]
To develop the questions, they worked in close collaboration with leaders in the autoindustry. Do lithium metal batteries’ use of ceramics, which require energy to heat them up to more than 2,000 degrees Fahrenheit during manufacturing, offset their environmental benefits in electric vehicles? —Wang et al.
Britain’s ability to compete as an electric vehicle production leader is at risk unless government responds urgently to increasingly fierce international competition, the Society of Motor Manufacturers and Traders (SMMT) warns in a new blueprint published today.
By Johnna Crider and Zachary Shahan In an interview at the Reuters Next conference, Stellantis CEO Carlos Tavares said that the costs of speeding up the transition to EVs are “beyond the limits” of what the autoindustry can sustain.
Development of automated driving (AD) technologies continues at a brisk pace in 2020 with more than 70 companies including legacy automakers, suppliers, startups, and technology companies new to the autoindustry involved. Navigant’s top-10 ranking for AD compute platforms: NVIDIA. Intel-Mobileye. Qualcomm Technologies.
The added cost of manufacturing electric cars is "beyond the limits" for what the autoindustry can sustain, Stellantis CEO Carlos Tavares said in an interview with Reuters published Wednesday.
(Image credit: CnEVPost) The price war is one of the most talked-about topics in China's autoindustry this month, creating operational challenges for many car companies. Now, an industry association is calling for a return to rationality for all parties to bring order to the market. For more articles, please visit CnEVPost.
Japan’s autoindustry must succeed in building passenger vehicles. To this end, manufacturers must participate in auto-racing to test their vehicles’ durability and performance and display their utmost performance. With competition comes progress, as well as excitement among motoring fans.
Comparatively, EV manufacturing has increased at a faster rate in China, which made up 44% of global EVs manufactured through 2020, up from 36% in 2017. Similarly, European manufacturing accounted for 25% of global EVs through 2020, up from 23% in 2017. million (or about 10%) are slated to be manufactured in US.
and Koç Holding have signed a non-binding Memorandum of Understanding for a new, industry-leading joint venture business in Turkey. The joint venture would be located near Ankara and will manufacture high Nickel NMC cells for assembly into battery array modules. Boosting EV manufacturing capacity in Craiova.
Aggressive emission and carbon neutrality targets set by regulators worldwide entails a faster transition from traditional automakers to next-gen electric vehicle (EV) manufacturers. Prior to this, Toyota had only a few BEV models manufactured with its Chinese partner GAC Group. Toyota plans to launch 30 models by 2030.
million units manufactured in 2022. Though enormous, BYD isn’t satisfied with dominating its home market and wants the rest of the Chinese electric autoindustry to come with it. Tesla grew about 142 percent and has a strong manufacturing presence in the country, so it’s the best-equipped American entity to take on the Chinese.
The autoindustry has seen this need to improve familiarity in the past, with some advanced driver assist features such as ACC and even autonomous driving. If the winning formula is greater knowledge = greater consumer interest, electric vehicle manufacturers must focus their marketing on increasing familiarity with BEVs, Ipsos said.
One of the highlights of the annual Tesla shareholder meeting held earlier today was a graph showing that Tesla has risen to #1 in the autoindustry in terms of operating margin. Luxury car companies known for their solid operating margins and gross profits are solid steps below Tesla now. The brand with the second […].
Stellantis appears to be strengthening its ties in China’s automotive industry. Stellantis recently repurchased €934 million in shares from Chinese auto company Dongfeng as per a pre-existing share repurchase framework. is a state-owned automobile manufacturer headquartered in Wuhan, Hubei. Dongfeng Motors Corporation Ltd.
Ford and the University of Michigan opened a new $8-million battery lab, housed at the U-M Energy Institute, which will serve as a battery manufacturing facility designed to support pilot projects. This is sorely needed, and no one else in the autoindustry has anything like it.
In 2010, Tesla was awarded a milestone-based loan, requiring matching private capital obtained via public offering, by the DOE as part of the Advanced Technology Vehicle Manufacturing (ATVM) program. This is another important contribution to what the Obama Administration has done to preserve and promote America’s autoindustry.
The next step in the Connected Vehicle space is to begin working with the autoindustrymanufacturers. Original Equipment Manufacturer (OEMs) vehicles and hardware provide the next evolution of delivering safer transportation.
For regional jets, the paper recommends augmenting R&D in solid-state batteries to explore new designs, manufacturing approaches and high temperature operation. Argonne is committed to driving the electrification of aviation and, during the December meeting, encouraged industry leaders to share ideas that would help them reach shared goals.
It’s no secret that various industries attempting to hoard customer data and redefine what constitutes ownership have created a groundswell of consumer resentment. The agency has said that the "NHTSA expects vehicle manufacturers to fully comply with their Federal safety obligations.”
Divergent 3D, a manufacturing technology company focused on the automotive sector, has entered into a global development partnership with engineering research and development (ER&D) firm Altran. Divergent 3D is commercializing a software-hardware platform for manufacturing that leverages 3D metal printing.
Hyundai Group joined its partner Rimac Automobili in an event hosted by Rimac CEO Mate Rimac and attended by Croatian Prime Minister, ministers, and senior government officials to discuss the potential of the new autoindustry in Croatia. The automotive industry needs to get the same attention as soccer in Croatia. Earlier post.)
Two to three times stronger than any automotive aluminum used in high volumes today, Novelis Advanz 7000-series products can be used to manufacture components such as bumper systems, crash ring components and door intrusion beams. Manufacturers take a large chunk of aluminum and machine out up to 90% to achieve their desired result.
Our Modular Transverse Toolkit already proved Volkswagen is one of the most successful platform developers in the autoindustry. The Braunschweig plant will manufacture the battery system, the heart of the ID. This Wallbox is an affordable home system that makes charging the ID. family easy and convenient.
vastly improve the integrity of pure EVs as one of the industry’s safest power batteries. will continue to be open to the industry, further accelerating the electrification of automobiles. The first ten months of the year saw drops in different levels of sales in the auto market, owing to chip shortages across the autoindustry.
Starting out from traditional valve train systems for internal combustion engines, around ten years ago we started developing and industrializing new products for electric powertrains. Today we already manufacture rotor shafts for renowned OEMs and are achieving faster-than-market growth with this product.
The research has been published by the Manufacturing Intelligence division of global technology company Hexagon, whose technology touches 95% of all cars produced every year. —Ignazio Dentici, VP Global eMobility Industry for Hexagon’s Manufacturing Intelligence division.
The program’s focus is to demonstrate that battery-grade metals can be manufactured from recycled materials at lower cost, lower environmental impact, and with higher domestic US sourced content than conventional virgin sourced metals. The contract award, which includes a 75% cost-share, funds a 30-month project that began in October 2021.
and Hon Hai Technology Group (Foxconn) announced the creation of SiliconAuto, a 50/50 joint venture dedicated to designing and selling a family of state-of-the-art semiconductors to supply the automotive industry, including Stellantis, starting in 2026. Stellantis N.V. Earlier post.)
autoindustry and a hub for manufacturing, has seemed perfectly fine ceding leadership in electric vehicle infrastructure to the West Coast. Over the past decade, Michigan, the traditional home of the U.S.
Reduced Cost: LiGas electrolytes utilize established manufacturing techniques while considerably increasing factory utilization, enabling lower $/kWh for electric vehicle and energy storage system applications. —Robert McIntyre, Managing Director at LG Technology Ventures.
Honeywell has started commercial operations at its new manufacturing plant in Geismar, La., Solstice yf was developed to meet the needs of the automotive industry to replace R-134a, the most widely used auto refrigerant. to meet the growing global demand for its next-generation mobile air conditioning (MAC) refrigerant.
Building on the Task Force’s interim 2019 report, “Work of the Future: Shaping Technologies and Institutions,” MIT Task Force members are providing analysis on topics including manufacturing, health care, tax reform, skills/training, and emerging technologies such as collaborative robotics and additive manufacturing.
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