Author: Central Desk
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Promising a significant leap forward in the realm of autonomous driving, Horizon Robotics, renowned for its energy-efficient computing solutions for advanced driver assist systems (ADAS), and Wind River, an international trailblazer in software for mission-critical intelligent systems, unveiled a strategic alliance aimed at advancing the frontier of smart driving solutions. The partnership is a transformative event for China’s auto industry. The integration of Horizon’s Journey series computing solutions with Wind River’s cloud-to-edge portfolio yields a comprehensive ADAS hardware/software package. This streamlined solution promises to expedite development and integration, thereby slashing time-to-market and curbing costs – a decisive boon for original…
India’s leading exporter of motorcycles and three-wheelers, Bajaj Auto is launching its first overseas manufacturing center in Brazil as a stepping stone towards global expansion. Rakesh Sharma, the Executive Director, elucidates that establishing a local foothold within Brazil’s borders provides a gateway to a trove of insights on product evolution and customer tendencies. This strategic venture aims to solidify Bajaj Auto’s presence throughout Latin America, fostering growth and fueling innovation. With operations spread across over 90 countries, Bajaj Auto has remained a firm believer in the distribution-led model, entrusting local operations and assembly to distribution partners. Despite this, the labyrinthine…
The unprecedented boom in the electric vehicle (EV) market has fueled fierce competition among leading automakers in the rapidly evolving EV truck market. Tesla, Ford, and GMC are vying to dominate this fast-growing sector. In a significant development that further stokes the competition, Tesla has kick-started mass production of its highly anticipated Cybertruck at its Gigafactory in Austin, Texas. The competitive temperature in the EV truck sector started to rise when Tesla unveiled its ambitious foray into this arena three years ago. Tesla’s move follows the path blazed by industry behemoths Ford, GMC, and RAM who have already introduced their…
Germany’s automotive industry is grappling with dwindling confidence among its suppliers, amidst an electromobility shift to increasing offshoring trends by leading automakers. The change is raising apprehensions around job security for thousands of workers, particularly those specializing in the traditional internal combustion engine sector. Earlier in July, the global electronics behemoth Bosch took a protective stance by vowing no forced redundancies for its 80,000-strong German workforce until the end of 2027. This situation underscores the emerging unease within the sector. The simplicity of electric vehicles (EVs), with significantly fewer parts compared to combustion engines, catalyzes fears of potential job losses.…
Asserting an ambitious plan for India to be a central figure in the global chip supply chain, Prime Minister Narendra Modi called on the global semiconductor industry to view India not only as a trustworthy player but also as a resource-rich frontier brimming with potential. During the second edition of the SemiconIndia global summit, which drew senior executives from more than 50 semiconductor and electronics powerhouses, PM Modi communicated a compelling case for India’s prominence in the sector. This event witnessed an array of commitments for significant capital inflow into India’s flourishing semiconductor landscape from influential organizations including AMD, Micron…
Porsche AG, the renowned automaker, recently unveiled plans to incrementally acquire all shares of MHP GmbH, the IT consultancy firm, by January 2024. Already a majority stakeholder, Porsche seeks to tap into MHP’s burgeoning potential within the fields of management and IT consulting. Dr. Ralf Hofmann, co-founder, shareholder, and Chairman of the Board of Management—who holds 18.2% of MHP’s shares—will maintain his position as CEO. This strategic acquisition intends to fuel MHP’s worldwide growth, extending its reach beyond the Group, and broadening its customer base, portfolio, and size. Highlighting the importance of this strategic move, Dr. Ralf Hofmann expressed, “With…
A strategic union between onsemi, the pioneer of intelligent power and sensing technologies, and Magna, a global force in mobility technology have proclaimed a Long-Term Supply Agreement (LTSA) for SiC production. This collaboration anticipated to transform the landscape of electric vehicle (EV) manufacturing. Through harnessing onsemi’s groundbreaking EliteSiC MOSFET technology, Magna’s eDrive systems will see amplified cooling performance along with accelerated charging and driving speeds. The resulting benefits encompass not only improved efficiency but also an extended range for EVs. Magna will gain onsemi’s comprehensive silicon carbide (SiC) manufacturing capabilities, a prowess that includes the ability to expedite production. This…
Mitsubishi’s recently launched ‘latest edition Triton’ mid-size truck has been well received in the Asian market. Introducing an exciting blend of traditional design and modern technology, the truck is expected to take the market by storm, according to truck enthusiasts. The Triton remains rooted in its old-school appeal with its single-cab and extended “Club cab” configurations, in contrast to American manufacturers’ preferences for crew-cab models. It boasts a body mounted on a ladder-frame chassis that the automaker touts as being significantly more rigid than its predecessor, without significant weight gain. However, the truck incorporates modern comforts such as a touchscreen…
For hastening standardization within the automotive sector, Tata Elxsi, India’s Bengaluru-based design and technology service provider, solidifies its place within the eSync Alliance. This global body strives towards solidifying standards for over-the-air (OTA) updates and diagnostics across the industry. This strategic move from Tata Elxsi comes at a crucial juncture when the automotive industry transitions towards Software-Defined Vehicles (SDVs). Such a shift propels manufacturers and suppliers to form partnerships that unlock future technologies, including autonomous driving, electrification, and enhanced connectivity. Tata Elxsi, through its comprehensive next-generation engineering and digital-enabled design services, keeps businesses abreast of evolving market demands. This integrated…
Underscoring its growth agenda, the Volkswagen Group discloses pivotal alliances with Chinese automotive heavyweights XPENG and SAIC, paving a path towards a robust local electrification strategy. These partnerships aim to unlock fresh customer and market segments, setting the stage to reap rich rewards from China’s exponentially growing e-mobility market. Volkswagen forges a technological pact with XPENG, an esteemed Chinese manufacturer of intelligent electric vehicles. The alliance’s initial focus is to co-develop two Volkswagen brand electric models for the mid-size segment, catering specifically to the Chinese market. Slated for a 2026 launch, these vehicles will enhance the MEB product portfolio, contingent…