Author: Central Desk

CSM Tech, a prominent Indian IT firm, joins forces with the esteemed Indian Institute of Technology, Madras (IIT-M) setting an ambitious target to craft the world’s premier autonomously driven electric race car by 2025. With a significant global footprint spanning Africa, Dubai, the US, and Canada, CSM Tech has found a strong ally in Raftar, IIT-M’s motorsport team. Born as a student initiative in 2012, Raftar brings together 40 enthusiastic members from varied disciplines, all drawn by their love for automotive engineering and motorsport. This pioneering partnership was cemented with a memorandum of understanding (MoU) sealed between Priyadarshi Nanu Pany,…

European countries confront a significant challenge while steering their populace away from combustion engine vehicles towards electric vehicle. The continent, over the past six years, has witnessed a tenfold surge in electric car sales. Yet, the International Energy Agency suggests this shift might not be rapid enough to meet climate aspirations. Electric vehicles, despite their long-term benefits, present an upfront financial challenge. The disparity in initial costs makes them less enticing for many consumers. Julia Poliscanova, from the campaign group Transport and Environment, underlines the necessity for a dual strategy: “What we have learned is that it’s not enough just…

The dynamic sectors of solar photovoltaic (PV) cells, battery technologies, and electric two-wheelers within Southeast Asia present a revenue landscape estimated at USD 90-100 billion by 2030. Beyond the monetary prospects, an anticipated 6 million green energy job opportunities emerge, set for realization by 2050. A pivotal report, ‘Renewable Energy Manufacturing: Opportunities for Southeast Asia’, made its debut alongside the ASEAN Finance Ministers and Central Bank Governors Meeting. This piece is the collective effort of the Asian Development Bank (ADB), Bloomberg Philanthropies, ClimateWorks Foundation, and Sustainable Energy for All (SEforALL). This document navigates the blueprint to nurture the growth trajectory…

Eager to elevate its automotive sector, Egypt seeks inspiration and guidance from South African auto trailblazers. During a recent dialogue with the National Association of Automobile Manufacturers of South Africa (NAAMSA), Prime Minister Mostafa Madbouly showcased Egypt’s comprehensive blueprint for automotive sector enhancement. Expressing gratitude for the insights and technical support from South Africa, Prime Minister Madbouly remarked, “There is a great opportunity to reproduce this model in Egypt, which has all the necessary ingredients to create a car industry.” Pivoting towards regulatory advancements, a crucial law unveiled last October shaped the foundation for two governing bodies dedicated to automotive…

Marking a significant milestone towards a greener future, BMW Group unveils plans for a cutting-edge logistics center catering to fifth-generation high-voltage batteries at Leipzig’s northern industrial zone. This announcement augments the Group’s dedication to electromobility and investment within Plant Leipzig. On a 12-hectare expanse with eight hectares earmarked for initial development, the blueprint includes a sophisticated logistics hall and an office edifice, both poised for a mid-2024 unveiling. A New Era Unfolds To herald the construction onset of the Supply Centre North, luminaries such as Petra Peterhänsel, Plant Director; Jens Köhler, Works Council Chairman; Frank Hager, Head of Production for…

Schaeffler unveils a pioneering mechatronic rear-wheel steering system, marking its series-production inauguration. This latest offering enhances the driving experience for an electric SUV crafted by a top-tier global vehicle manufacturer. By introducing dynamic steering capabilities to the rear axle, Schaeffler’s innovation dramatically refines vehicle handling amidst urban chaos, accentuates lane-change security, and simplifies parking dynamics. “Schaeffler has developed from a supplier of components for chassis systems to a provider of complete steering systems. We have built up extensive capabilities around steering systems in recent years because we see this as a strategic growth area for our business,” said Matthias Zink,…

The transformative journey of the global automotive AI (artificial intelligence) market remains unstoppable, projected to touch a staggering $8,887.6 million by 2025, surging from a mere $445.8 million in 2017. This meteoric ascent reflects a Compound Annual Growth Rate (CAGR) of 45.0% spanning 2018 to 2025. AI and the Auto Sector Symbiotic Bond Artificial Intelligence has woven itself into the fabric of the automotive sector. The industry’s reliance on AI manifests most distinctly in semiautonomous and fully autonomous vehicles. Within these marvels of engineering, AI shoulders a paramount responsibility, collecting vast data streams through diverse instruments: LIDAR, long-range radar, cameras,…

Stellantis, the global powerhouse behind Jeep and Ram, surveys a partnership terrain with a local Chinese electric vehicle (EV) producer, echoing Volkswagen’s recent outreach to Zhejiang Leapmotor Technologies (Leapmotor). According to credible reports from Bloomberg, insiders privy to the matter disclosed that Stellantis is actively exploring alliances in China, the largest EV market worldwide. Among those being considered is Leapmotor, a name that has also piqued Volkswagen’s interest, particularly for its Jetta line. The Volkswagen-Leapmotor partnership is anticipated to follow the model of the Audi-SAIC collaboration. This contrasts with Volkswagen’s sizable investment in XPeng, which involves both equity acquisition and…

Jaguar Land Rover (JLR) and renewable energy trailblazer Wykes Engineering have forged a groundbreaking partnership. Their mission is to craft one of the UK’s most expansive green energy storage systems with Jaguar I-PACE batteries. Through the advanced energy storage solution named Wykes Engineering BESS, each unit integrates 30 repurposed I-PACE batteries. Originating from prototype and engineering test vehicles, these batteries boast a storage potential of 2.5MWh when at maximum capacity. By 2023’s close, JLR anticipates supplying batteries with an accumulative storage capability of 7.5MWh – a quantum that can electrify 750 homes for 24 hours. The visionary strategy allows for…

The International Miami Auto Show, a revered platform for automobile introductions, is set to electrify audiences with a slew of vehicles making their world and regional debuts. From September 1-10 at the Miami Beach Convention Center, the show promises to be a treat for car enthusiasts worldwide. The 2024 Nissan Z NISMO takes center stage with its first-ever global auto show appearance. This marvel boasts a reimagined ‘Grand Nose’ or ‘G-Nose’ promising enhanced aerodynamic flair. Complementing this design is a reinvigorated grille, presenting the finest honeycomb mesh any Nissan production car has sported. Hyundai prepares to dazzle with the North…