-
Toyo acquires powertrain dynamometer specialist Rototest
Measurement specialist Toyo has acquired its long-term partner, Rototest, a developer of hub-coupled powertrain dynamometers. Rototest is based in Sweden and will operate as a subsidiary of Toyo, which is in Japan. “Toyo acquiring Rototest marks a significant milestone for the company. With Toyo, Rototest is poised to enhance its ability to provide innovative automotive test…
-
China’s BYD offers subsidies, discount for some models in December
Companies BYD Co Ltd Follow BEIJING, Dec 1 (Reuters) – China’s electric vehicle giant BYD Co Ltd (002594.SZ) on Friday announced subsidies for some models and a discount of up to 20,000 yuan ($2,803) in December for buyers who are switching from oil to electric cars. BYD in March set a target to sell 3…
-
PMW Expo highlights: AVL’s high-performance hydrogen ICE
One of the highlights of PMW Expo 2023 was AVL’s high-performance, hydrogen-fueled ICE, which took home the awards for Powertrain Technology and overall Motorsport Engineering Innovation of the Year. The hydrogen-fueled, two-liter turbocharged ICE, capable of an impressive 205bhp/liter, was developed in conjunction with the Hungarian HUMDA Lab. The company is looking to banish the…
-
Geely and Nio collaborate on battery swapping technology and standards
Chinese auto makers Geely and Nio have signed a strategic partnership agreement on battery swapping technology. Both parties have agreed to carry out comprehensive cooperation on battery standards, battery swapping technology, battery swapping network expansion and operation, swappable model development, and battery asset management. The two companies say they will co-develop two battery swapping standards…
-
ICC automotive course shifts into high gear
VALATIE — In September 2022, voters in the Ichabod Crane Central School District approved completion of a $27 million capital project that began in 2018 and included the Science Technology Engineering Arts Mathematics Wing. Cut to December 2023. The STEAM Wing, as it is known, is the home of a new Columbia-Greene Community College course…
-
CISCE: Why globalization of automotive supply chain is ‘irreversible’
As the world’s first supply chain expo at the national level, the first China International Supply Chain Expo (CISCE) is underway in Beijing, marking a crucial moment. According to the “Global Supply Chain Promotion Report” released earlier this week, more and more characteristics of “public goods” – which is defined as goods and services that…
-
Virtual Internet Announces Virtual 5G for Android Auto
Compatible with 150 Million+ Android Auto Installations Virtual 5G delivers 5G Mobile Broadband for Automobiles SINGAPORE, Dec. 1, 2023 /PRNewswire/ — Virtual Internet, the leader in Software 5G (Fifth Generation) Mobile Broadband technology announced it had begun distribution of Virtual 5G for Android Auto. Virtual Internet is the first to bring Global 5G to the…
-
The transformative role of AI in dealerships and the broader automotive industry
Welcome back to the latest episode of The Future of Automotive, with Steve Greenfield, Founder and CEO of Automotive Ventures, where we put recent automotive and mobility news into the context of the broader themes impacting the industry. Investment firm Coatue just released its investment thesis on artificial intelligence, which sheds light on the dramatic…
-
Leading Lidar Technology Innovator Ommatidia Launches MaPALDA Project Marking New Era for Automotive LiDAR
Ommatidia LiDAR today announced the successful launch of the MaPALDA Project, a venture poised to define the future of automotive Light Detection and Ranging (LiDAR). The $8 million MaPALDA Project is supported by a consortium of key international partners. Ommatidia LiDAR is joined in this effort by Dongwon Industries Ltd., IDNEO, Hangyang University, ALC Net,…
-
Update on Disclosed Matter: Mitsubishi Electric Announces Name of New Subsidiary Succeeding to Automotive-equipment Business as Part of Restructuring
TOKYO–(BUSINESS WIRE)–Dec 1, 2023– Mitsubishi Electric Corporation (TOKYO: 6503) announced today it has decided the name of its new subsidiary, Mitsubishi Electric Mobility Corporation, that has been formed as part of the planned spinoff of Mitsubishi Electric’s automotive-equipment business. The name had been undetermined at the time of the announcement “(Update on Disclosed Matter) Mitsubishi…