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China’s BYD To Invest $14 Billion In Smart Car Technology
BYD has revealed it will invest approximately 100 billion yuan ($14 billion) into the development of smart car features that will include a more advanced semi-autonomous driving system. The firm’s chief executive and founder, Wang Chuanfu, made the investment announcement earlier in the week but failed to specify a time frame for it nor did…
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New vehicle tech to soar over next decade – Electronic Products & Technology
Autonomous driving, electric vehicles, connected and software-defined vehicles, and in-cabin monitoring are all megatrends reshaping the automotive industry. Together, these technologies combine to form a US$1.6 trillion opportunity by 2034, nearly a 10-fold increase compared to 2023, according to a recent report from IDTechEx. Much of this potential market revenue will be coming from components…
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EVs: The tech preparing automotive production for transformation
Share this article NavVis digital factory solution is providing automotive manufacturers with the essential capabilities to upgrade their facilities and meet the growing demand for EVs. Credit: NavVis. Global demand for EVs is predicted to soar within the next decade as sales of new petrol and diesel vehicles start to be phased out in multiple…
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Automotive Parking Sensors Market to surge at 23% CAGR, USD 14.36 Bn by 2030 according to a new research report
Automotive Parking Sensors Market Size, Share And Segmentation By Type (Reverse Parking Sensors, Front Parking Sensors, Others), By Technology (Ultrasonic Sensors, Electromagnetic Sensors, Others), By Sales Channel (OEM, Aftermarket), By Regions And Global Market Forecast 2023-2030 Automotive Parking Sensors Market Overview: The global Automotive Parking Sensors Market size was valued at USD 2.74 billion in 2022…
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ATTI Awards to be presented at Automotive Testing Expo Europe 2024!
The 2024 ATTI Awards are to be formally presented at Automotive Testing Expo Europe in Stuttgart, Germany – and you’re invited to join us! TheAutomotive Testing Technology International Awards are a non-profit-making enterprise designed to recognize and reward the fantastic achievements of the world’s top vehicle engineering suppliers and specialists. Join us in celebrating those companies and individuals…
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E-mobility sector to reach R30 trillion value by 2034
<!–> –> Autonomous mobility services and connected vehicle services will grow into hundred-billion-dollar industries in ten years’ time. <!–> ]–> The global automotive technology sector – comprising of autonomous driving, electrification, connectivity, in-cabin monitoring and software-defined tools – is forecast to be valued at $1.6 trillion (R30.4 trillion) by 2034. This is according to the…
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Charge of the automotive Tech Brigade
The annual mega tech fair, CES, presents a good reflection of the scale and speed of the growing importance of the automotive industry in the technology world. What started off as an annual Show for consumer electronics is kind of getting hijacked by players from, or targeting, the automotive industry! Toyota’s tech bet for EVs…
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New Vehicle Tech Will Be Worth US$1.6 Trillion by 2034, Says IDTechEx
Dr James Jeffs, Senior Technology Analyst at IDTechEx Autonomous driving, electric vehicles, connected and software-defined vehicles, and in-cabin monitoring are all megatrends reshaping the automotive industry. Together, these technologies combine to form a US$1.6 trillion opportunity by 2034, nearly a 10-fold increase compared to 2023. The new report from IDTechEx, “Future Automotive Technologies 2024-2034: Applications,…
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Auto Industry to Invest Billions in Digitalization Initiatives
NEW YORK—Digital technology will help legacy automakers transition from internal combustion engines to battery-powered vehicles over the next decade. A new report from ABI Research predicts that the auto industry will increase investment in digital twins and other tools at a cumulative annual rate of nearly 9 percent, growing from $83 billion in 2023 to…
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Automotive programs at Fresno City College now held at new West Fresno campus
FRESNO, Calif. (KFSN) — Fresno City College’s West Fresno Campus is giving students a new place to learn their trade. The Advanced Transportation Center is now housing all of the automotive programs. Whether they have the hood up on a heavy-duty truck, are sitting in a classroom, or are learning electrical skills, Fresno City College…