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A Chinese Autonomous Driving Start-Up Is About to Go Public in the U.S.
WeRide, a $5 billion software maker, is set for an I.P.O. amid geopolitical risks and a rush by Chinese automotive tech firms to raise money in the United States. One of China’s leading autonomous driving start-ups is set to go public in New York as soon as this week, with the strained relationship between Beijing…
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Automotive Software Market worth $32.3 billion by 2030 Globally, at a CAGR of 7.8%, says MarketsandMarkets™
Chicago, Aug. 15, 2024 (GLOBE NEWSWIRE) — Automotive Software Market size is projected to grow from USD 19.0 billion in 2023 to USD 32.3 billion by 2030, at a CAGR of 7.8%, as per the recent study by MarketsandMarkets™. The rise in focus towards software-defined vehicles paired with increasing penetration of ADAS features in vehicles…
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Automotive Hydraulic Systems Market: Evolving into Lifesaving Technology
The genesis of automotive hydraulic systems is rooted in a compelling narrative of engineering ingenuity, where the quest for seamless control and unmatched precision in vehicular dynamics led to groundbreaking innovations. Imagine the early days of motoring, where the interplay between man and machine was often a challenging affair—steering was a difficult task, braking was…
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Karma Automotive Announces Bilateral Collaboration with Intel Automotive to Blueprint the Future of the Automobile
Through the Collaborative Development of Software-Defined Vehicle Architecture, the Companies will Pioneer and Prove New Technologies to Reduce Cost and Heighten Efficiency to the Benefit of the Entire Automotive Industry IRVINE, Calif., Aug. 14, 2024 /PRNewswire/ — Karma Automotive, California’s first and only ultra luxury automaker, today announces its bilateral collaboration with Intel Automotive to…
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Ideal Power Secures Automotive Partnerships, Poised for Growth with Semiconductor Technology
Ideal Power CEO Daniel Brdar joined Steve Darling from Proactive to discuss the company’s exciting strides in the semiconductor industry, particularly their expanding presence in the electric vehicle market. A significant milestone for Ideal Power is their engagement with a third global automotive manufacturer, which is exploring the integration of the company’s state-of-the-art semiconductor technology…
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Automotive Wiper Systems Market Set for Significant Growth Amidst Rising Demand for Safety and Technological Advancements
Automotive Wiper Systems Market Poised for Significant Growth with Rising Demand for Safety and Technological Advancements The global automotive wiper systems market is experiencing substantial growth, driven by the increasing demand for enhanced vehicle safety and the continuous advancements in automotive technology. As vehicles evolve to meet higher safety standards and consumer expectations, wiper systems…
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Biofuels to power a greener future
At a World Biofuel Day event in New Delhi, Ramakrishna YB, an expert at the Ministry of Petroleum and Natural Gas, highlighted the vast potential of India’s biofuel sector, surpassing agriculture in scale. Biofuels, which offer a cleaner and sustainable alternative to traditional fuels, are central to India’s energy transition towards net-zero emissions by 2070.…
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New Coherix Technology Benefits Auto, Medical and Electronics Manufacturers
Industry-first computer-vision technology will reduce manufacturing costs while improving product quality ANN ARBOR, Mich., Aug. 13, 2024 /PRNewswire/ — Engineers at Michigan-based Coherix have developed industry-first technology to monitor and adjust the application of adhesives and sealants used to manufacture essential automotive, medical and consumer-electronics products. The company’s 3D laser-based, computer-vision systems are capable of tracking…
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Global auto tech group Aptiv invests $45 m in Chennai manufacturing expansion
Dublin (Ireland)-headquartered Aptiv Plc (formerly known as Delphi Automotive) has expanded its manufacturing operations in Oragadam, near Chennai, with a $45 million investment as the global automotive technology group responds to the growing demand for parts for software-defined vehicles (SDVs) in India. The Chennai facility now includes an additional 220,000 sq ft of production space,…
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Xcite Automotive Acquires Double4 AI, Accelerates AI Innovation in Automotive Retail
CHICAGO, Aug. 13, 2024 /PRNewswire/ — Xcite Automotive, a leading provider of automotive technology services, proudly announces its strategic acquisition of Double4 AI, positioning the company at the forefront of AI technology. This move signifies a significant leap forward in Xcite’s mission to modernize automotive buyer-seller engagement through technology and its services. By integrating advanced…