Volkswagen is accelerating the pace to automate its electric vehicles for Chinese customers. CARIAD, a wholly owned automotive software company of the German auto behemoth, intends to set up a joint venture with Horizon Robotics, one of China’s most serious auto chip developers, the company said on Thursday. The German automaker plans to deploy around… Continue reading Volkswagen to plough €2.4B into vehicle automation in China and form JV with Horizon Robotics
Tag: M and A
Inside Motional’s strategy to bring robotaxis to market
Motional, the Hyundai-Aptiv joint venture that aims to commercialize autonomous driving technology, announced last week its partnership with Uber to bring robotaxi services to North American cities over the next 10 years. The Uber deal comes off the back of similar partnerships with Via and Lyft to launch robotaxi services in Las Vegas. Sensing a… Continue reading Inside Motional’s strategy to bring robotaxis to market
Sony and Honda envision an EV that entertains while it takes the wheel
Sony and Honda have officially launched their joint mobility venture that aims to start delivering premium electric vehicles with automated driving capabilities in the United States in the spring of 2026, followed by Japan in the second half of 2026. The joint venture from hardware, software and entertainment conglomerate Sony and automaker Honda to produce… Continue reading Sony and Honda envision an EV that entertains while it takes the wheel
Nikola can complete its deal to acquire Romeo Power after clearing key hurdle
Nikola Motor Company Source: Nikola Motor Company Electric heavy truck maker Nikola said Thursday that its planned acquisition of battery-pack maker Romeo Power will now proceed, after Romeo Power shareholders agreed to tender just over half of the company’s outstanding shares. In August, Nikola said it had agreed to acquire Romeo Power, a California-based maker… Continue reading Nikola can complete its deal to acquire Romeo Power after clearing key hurdle
Pre-owned auto sales revving up
A pedestrian walks past an outlet of Uxin, a used car dealing platform, in Shanghai. [Photo/China Daily] China’s secondhand vehicle sector is expected to witness robust growth in the years to come thanks to a series of favorable policies to facilitate the circulation of used cars alongside online used car dealers’ continuous efforts to bolster… Continue reading Pre-owned auto sales revving up
@VW Group: Volkswagen to strengthen regional development competence for autonomous driving in China through joint venture between CARIAD and Horizon Robotics005964
The Volkswagen Group is strengthening its development competence “in China, for China” to accelerate the pace of innovation, promote technological localization and further strengthen its customer focus in this important market. A new partnership between its software company CARIAD and Horizon Robotics, one of the leading providers of computing solutions for smart vehicles in China,… Continue reading @VW Group: Volkswagen to strengthen regional development competence for autonomous driving in China through joint venture between CARIAD and Horizon Robotics005964
Mobileye’s Future Potential in ADAS & Autonomous Driving, 2022 Report – Learn how they Plan to Expand their Technological Leadership with New Chips for Affordable ADAS and Autonomy
DUBLIN, Oct. 13, 2022 /PRNewswire/ — The “Mobileye’s leading position and future potential in ADAS & Autonomous Driving” report has been added to ResearchAndMarkets.com’s offering. Mobileye is arguably the most important Tier-2 supplier in the ADAS market due to its strong penetration of its EyeQ SoC in front-facing cameras and expertise in computer vision for… Continue reading Mobileye’s Future Potential in ADAS & Autonomous Driving, 2022 Report – Learn how they Plan to Expand their Technological Leadership with New Chips for Affordable ADAS and Autonomy
Civix Partners with Zwipe to bring Next Generation Biometric Access Cards to Airports
Biometric smart cards increase security, reduce time and costs NEW ORLEANS, Oct. 13, 2022 /PRNewswire/ — In partnership with Zwipe, Civix is expanding its Aviation Secure Credentials (ASC) suite of solutions with a biometric smart card for access control. The ASC Access Cards use built-in fingerprint sensors to check the legitimacy of cardholders at points of… Continue reading Civix Partners with Zwipe to bring Next Generation Biometric Access Cards to Airports
@Groupe PSA: PR Signature of Framework Agreement Between the Fiat Brand and the Algerian Authorities Aimed at Local Production of Vehicles and the Development of the Automotive Sector in Algeria004537
AMSTERDAM – A framework agreement was signed on today in Algiers between Mr. Samir Cherfan, Chief Operating Officer of Middle East & Africa region of Stellantis, and Mr. Boussoussa Zineddine, Director of Cooperation of the Algerian Ministry of Industry. This framework agreement covers a project for the development in Algeria of industrial, after-sales and spare… Continue reading @Groupe PSA: PR Signature of Framework Agreement Between the Fiat Brand and the Algerian Authorities Aimed at Local Production of Vehicles and the Development of the Automotive Sector in Algeria004537
Magnolia Wash Holdings Drives Expansion Across North Carolina with Six New Locations
– Express Car Wash Operator Adds to its Growing Portfolio in Home State with Car Wash Specials – CHARLOTTE, N.C., Oct. 13, 2022 /PRNewswire/ — Magnolia Wash Holdings, a premium express car wash operator, announced today the opening of six locations throughout its home state of North Carolina. The Wave Car Wash will open four… Continue reading Magnolia Wash Holdings Drives Expansion Across North Carolina with Six New Locations