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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. The risk is immense.
Volkswagen Group executives laid out the basics of the new Group strategy “NEW AUTO – Mobility for Generations to Come”, which will see the Group realign from being a from vehicle manufacturer to a leading, global software-driven mobility provider. Like the MEB today, the SSP will be open to other auto manufacturers.
Increasing future sales for BEVs will rely on companies improving awareness of their product. 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.
Partnership builds on existing relationship to deliver increased automation and sustainability for auto parts production New joint venture agreement signed by both parties on December 30th 2021 and expected to commence operation in Q2, 2022. Both parties agreed not to disclose any further details about the investment.
China-based automobile manufacturer Guangzhou Automobile Group (GAC Group), the parent company of GAC Motor, has begun construction of a large industrial park for electric and intelligent vehicles as part of its efforts to boost its electric vehicle business. More than 45 billion yuan (US$6.5 More than 45 billion yuan (US$6.5
The MIT Task Force on the Work of the Future has released a new research brief examining the future of autonomous vehicles. The crucial role of public transit for connecting workers to workplaces will endure: the future of work depends in large part on how people get to work. The automated vehicle transition will not be jobless.
outlined a technology roadmap to support its vision to reinvent the aluminum industry for a sustainable future. The roadmap includes three key programs: The Refinery of the Future , which aims both to reduce the capital cost of developing a refinery and to enable decarbonization of the alumina refining process. Alcoa Corp.
Collaboration is essential for the future of mobility. Real estate, auto and government working hand-in-hand allows us to not only maintain Detroit’s position as the Motor City but showcase the city as the evolving tech hub of the Midwest.
TTTech Auto, a leader in automotive safety software, and ZettaScale Technology, a developer of communication technologies and protocols, have launched Zetta Auto. Zetta Auto is a data-centric communication solution focusing on safe, performant, and predictable Serviced-Oriented Architecture (SOA) communication.
If you know much about the Irish autoindustry, you know that it is/was small with a short, unremarkable history. So, I ask of you, what part of the admittedly small and mostly no-longer existing Irish automotive industry are you celebrating? Yeah, I am shoehorning in a QOTD to match the holiday. That said, it is St.
Brunel University London is the first to begin researching future powertrain concepts using Camcon Automotive ’s new Single Cylinder Intelligent Valve Technology (SCI). It represents an exciting opportunity for researchers, providing a significant new line of inquiry with industry-transforming implications.
The findings are a bellwether for any vehicle manufacturer aiming to remain competitive in the auto and truck industry of the future—96% of the survey respondents indicated a willingness to switch manufacturers if that’s what it took to get their desired electric vehicle configurations.
Topsoe intends to construct the world’s largest and most advanced industrial-scale electrolyzer production plant. Developing a strong Power-to-X industry in Europe will also enforce the EU’s ambitions of being independent of energy imports from other regions.
It’s easy to fall into the Tesla vs. legacy auto narrative. Since the days of the original Roadster, it appeared that Tesla was this company that was determined to make a change by forcing the automotive industry to go electric. Tesla did force the automotive industry to go electric. — Elon Musk (@elonmusk) May 25, 2022.
In the early 1990s, Toyota saw that environmental awareness and tighter emissions regulations would shape the future of the automotive industry. The company aimed to create an eco-friendly, efficient vehicle that would meet future standards. In 1997 Toyota introduced the Prius to the Japanese market.
Carbon fiber reinforced plastics (CFRP) are highly attractive for various industries in demanding application fields due to their unique balance of rigidity, mechanical strength and light weight. It can be easily and inexpensively be broken down at end-of-vehicle-life and reapplied to new vehicles in the future.
GlobalFoundries (GF), a global leader in feature-rich semiconductor manufacturing, and Ford Motor Company announced a strategic collaboration to advance semiconductor manufacturing and technology development within the United States, aiming to boost chip supplies for Ford and the US automotive industry. billion units expected by 2024.
In the long term, the energy density needs for electric aviation far outstrip the goals of current DOE and industry investments, requiring strategic thinking around the best approaches to enable this future. DOE and NASA plan to organize a future session of this assessment.
Many Changes Are Coming Quickly The world is increasingly unpredictable, and the automotive industry is feeling it. In addition to the CASE (Connected-Autonomous-Shared-Electrified)-driven transformation of the industry, a combination of additional internal and external factors is piling on complexity.
TTTech Auto—a provider of software and hardware platforms for automated driving and beyond, applicable in series production programs—has expanded its development scope and altered its structure based on three distinct pillars. —Georg Kopetz, CEO TTTech Auto. —Stefan Poledna, CTO of TTTech Auto.
Lack of supply is not due to any geological constraints but to a simple lack of capital investment to build future mines. LME nickel chaos exacerbated industry doubts over existing financial mechanism that “do not reflect the realities of the EV and battery supply chain” and calls for new pricing mechanism grows.
develop the Volkswagen Automotive Cloud, one of the largest dedicated automotive industry clouds for all future Volkswagen digital services and mobility offerings. Digital technology is rapidly changing every aspect of the autoindustry—from the manufacturing process to the car itself. Earlier post.). model family.
Ford Motor Company will build two new massive, environmentally and technologically advanced campuses in Tennessee and Kentucky that will produce the next generation of electric F-Series trucks and the batteries to power future electric Ford and Lincoln vehicles. Our future is now. Ford Blue Oval City. —Tennessee Gov.
Therefore, automakers are committing operational investments of nearly US$600 billion to secure their position in the future automotive market, according to GlobalData, a leading data and analytics company. The investments affirm that the future must be electric and there is no turning back for traditional automakers.
With the end of the year in mind, industry analyst Paul Waatti from AutoPacific joins me to pull out the crystal ball and look into the automotive industryfuture for 2025. Hey all, time for a pre-Christmas TTAC podcast! We thank Paul and Matthew for their time, and Matt Posky for editing.
Lashing out against proposals for upcoming Euro 7 emissions legislation, the CEO of the mammoth autoindustry supplier Bosch last week called regulators “fixated” on EVs, and accused the EU of running a “technology monopoly” that chokes all other means of climate innovation. Amid new.
In the future, the Buick V2X technology will further expand to include vehicle to pedestrian (V2P), vehicle to the cloud (V2C) and vehicle to home (V2H) technology. It was the first multi-industry demonstration of interoperability of C-V2X, for which China recently announced its official frequency. Past work on V2X in China.
In October 2020, leaders from the auto and tech industries, state officials, academia, think tanks and others, announced the creation of the Commission on the Future of Mobility (CFM) to identify opportunities across transportation and technology silos and propose a fundamentally new vision for transportation policy for people and goods.
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.) SiliconAuto will be headquartered in the Netherlands.
The low-carbon blue ammonia has a range of end-markets suitable for use in agriculture and other industries, such as a fuel or as a hydrogen carrier. The gray ammonia is primarily upgraded into urea which is then made into diesel exhaust fluid and urea ammonium nitrate. The new plant is expected to have an annual production capacity of 1.2
Could the abrupt deceleration in EV demand and rise of China competition change Tesla's autoindustry plans? Analysts ponder future as Musk flags big staff cuts and key people leave. The post Staff numbers slashed, big heads roll as Tesla rethinks future as car maker appeared first on The Driven.
As the autoindustry awaits an EPA proposal for the next round of emissions rules for internal-combustion vehicles, an environmental advocacy group argues that similar standards should be applied to EVs.
Building on the SEMI Smart Mobility initiative, which fosters collaboration across the global automotive electronics supply chain, the MOU lays the foundation to connect microelectronics manufacturing and design stakeholders with the automotive and mobility ecosystems through programs and events that advance both industries.
Industrial gases leader Air Products, and its subsidiary Air Products Canada Ltd., This development is consistent with Air Products’ growth strategy of executing global megaprojects that enable a transition to a cleaner, more sustainable energy future. The project relies on an innovative combination of well-established technologies.
Methanol fuel choices offer the world a road to a greener and more sustainable future. The Group’s subsidiary brands have produced the Geely Auto Emgrand methanol sedan while Geely Commercial Vehicles have produced the Farizon M100 heavy truck, which have both passed “China VI” emissions standards.
Phoenix provides an image 100 times more detailed than other top industry radars, according to the company, offering superior separation of stationary and moving objects in real time—an industry first. Arbe will present Phoenix at CES 2019 in Las Vegas and during the North American International Auto Show in Detroit.
The new platform will entail an ecosystem combining technologies across the EV value chain, including auto parts manufacturing. It will build on Foxconn’s recently-established MIH industry alliance , an open network that enables developers and manufacturers to offer a complete software and hardware platform to build electric cars.
The autoindustry took the next step in the evolution of North American electric vehicle charging solutions today at The Battery Show in Detroit. continued] The post SAE J3400 Helps Define the Future of EV Charging in North America appeared first on CleanTechnica. That’s where SAE International released its NACS.
Ford is continuing to transform its global automotive business, accelerating the development and scaling of electric, connected vehicles, while leveraging its nameplates to strengthen operating performance and take full advantage of engineering and industrial capabilities. —Ford President and CEO Jim Farley.
Michigan will enable four new mobility services to help address challenges across the state related to sustainable transit, roadway safety, parking and staffing shortages in the service industry. Currently, the key players in this industry are located on the West Coast and internationally. Mouvit ($100,000).
Presidential election, but at least one auto-industry CEO has already spoken out about the anticipated outcome. A winner hasn’t yet been declared in this week’s U.S.
Geely Holding has provided two Geely Auto Emgrand methanol sedans ( earlier post ) and the world’s first M100 heavy truck to Danish partners as part of the long-term trial. Geely Holding has been developing methanol vehicles and green methanol technologies for more than 17 years.
Transportation is becoming a technology industry. Our design wins demonstrate how NVIDIA is partnering with one of the world’s largest and most impactful industries to help revolutionize the future of mobility. and Auto X. Li Auto , is developing next-gen EVs using NVIDIA DRIVE Orin with plans to ship in 2022.
Our Modular Transverse Toolkit already proved Volkswagen is one of the most successful platform developers in the autoindustry. The plant is evolving into a “Center of Future Mobility”. Customers and visitors can enjoy an interactive encounter with e-mobility and digitalization to discover more about the future of mobility.
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