2 M BY GASGOO CATL to grow even larger. Chinese EV battery provider Contemporary Amperex Technology Limited (CATL) announced on February 25 that it has signed a five-year agreement to deepen the cooperation with BAIC BJEV and Beijing Pride Power System Technology Limited (Pride Power). More CATL News According to the announcement, CATL and Pride… Continue reading CATL Deepens Battery Tie With BAIC BJEV, Pride Power
Tag: Strategy
SEAT and IBM revolutionise urban mobility with AI
SEAT along with IBM reported the development of a new solution designed to transform driving in cities. Announced the day after SEAT presented its concept car Minimó promising to revolutionise urban mobility, ‘Mobility Advisor’ uses IBM Watson AI to help urban citizens make informed decisions about their daily transportation options: from cars, to scooters, to… Continue reading SEAT and IBM revolutionise urban mobility with AI
SEAT Minimó, the concept set to revolutionise mobility
A concept car featuring a battery swap system to fully recharge the car in a matter of minutes, lowering carsharing operating costs by up to 50% A 100% electric vehicle that combines the best of a motorcycle and a car Minimó is set to be a city ally offering enhanced mobility and reducing vehicle footprint… Continue reading SEAT Minimó, the concept set to revolutionise mobility
BMW Group and Daimler AG to jointly develop next-generation technologies for automated driving
· Long-term strategic cooperation planned· Next generation of technologies for driver assistance systems and highly automated driving on highways (SAE Level 3 and Level 4)· Goal: a flexible platform and shorter innovation cycles· Technology to be market ready by mid-2020s· Klaus Fröhlich: Consistent pursuit of scalable platform strategy and pooling of expertise from two technology… Continue reading BMW Group and Daimler AG to jointly develop next-generation technologies for automated driving
ZF Friedrichshafen says held takeover talks with Wabco
FRANKFURT, Feb 28 (Reuters) – ZF Friedrichshafen has held takeover talks with U.S. rival Wabco, a spokesman for the German car parts maker said on Thursday. “ZF regularly reviews strategic options such as partnerships or possible sensible acquisitions. These strategic considerations repeatedly lead to ZF talking to other companies,” the spokesman said. “We have also… Continue reading ZF Friedrichshafen says held takeover talks with Wabco
Daimler AG and BMW Group to jointly develop next-generation technologies
Long-term strategic cooperation planned Next generation of technologies for driver assistance systems and highly automated driving on highways (SAE Level 3 and Level 4)Technology to be market ready by mid-2020sKlaus Fröhlich: Consistent pursuit of scalable platform strategy and pooling of expertise from two technology leaders Ola Källenius: Working with the right partners, we want to… Continue reading Daimler AG and BMW Group to jointly develop next-generation technologies
Bosch increases investment in startups
Stuttgart, Germany – Investments in startups are on the rise. In 2017, institutional investors and companies invested 147 billion euros in these enterprises – nearly three times as much as in 2012. Bosch, too, is increasing its investment in external startups, providing Robert Bosch Venture Capital GmbH (RBVC) with 200 million euros for a fourth… Continue reading Bosch increases investment in startups
UPDATE 2-Auto parts maker Wabco says approached by rival ZF Friedrichshafen
FRANKFURT (Reuters) – U.S. auto parts maker Wabco Holdings Inc on Tuesday confirmed that it has been approached by German rival ZF Friedrichshafen for a potential takeover. Shares in the brakes maker, which had a market capitalization of $6.2 billion as of Tuesday close, rose 10 percent before being halted. German daily Handelsblatt first reported… Continue reading UPDATE 2-Auto parts maker Wabco says approached by rival ZF Friedrichshafen
UPDATE 1-Car parts firm ZF Friedrichshafen considers Wabco takeover -source
FRANKFURT (Reuters) – German car parts maker ZF Friedrichshafen is considering a takeover of U.S. rival Wabco, a person close to the matter said on Wednesday, confirming a report by newspaper Handelsblatt. ZF Friedrichshafen’s supervisory board has already discussed a potential acquisition of Wabco, the paper reported, citing financial sources. Shares in brakes maker Wabco,… Continue reading UPDATE 1-Car parts firm ZF Friedrichshafen considers Wabco takeover -source
Volkswagen and Microsoft share progress on strategic partnership
Volkswagen and Microsoft are developing the Volkswagen Automotive Cloud together. Volkswagen Automotive Cloud to be extended to China and USA in addition to Europe – core markets for future ID. Volkswagen and Microsoft develop first lighthouse projects for connected vehicle services Rapid progress with building up Volkswagen’s Development Center in North America Volkswagen and Microsoft… Continue reading Volkswagen and Microsoft share progress on strategic partnership