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Partnerships
Cognata and Microsoft collaborate to transform automated driving testing
In partnership with Microsoft, Cognata added sophisticated AI simulation to the latter’s software-defined vehicle development toolkit. By utilizing virtualization, the alliance seeks to improve automated driving testing by offering scalable and effective solutions. Read More>>
Lotus enters into charging partnerships with Bosch and Mobilize Power
Lotus and Bosch have partnered to provide public charging access to 600,000 outlets in 30 European nations. Furthermore, a collaboration with Mobilize Power provides Lotus customers a comprehensive home charging package to promote accessible and convenient electric vehicles ownership. Read More>>
Nuro and Foretellix collaborate to drive autonomous vehicle deployment
To accelerate the deployment of autonomous vehicles, Nuro and Foretellix collaborate. Nuro seeks to lower costs by improving development efficiency and ensuring safe autonomous technology operation in real-world urban settings using Foretellix’s V&V technology. Read More>>
Deals
Valeo and Teledyne FLIR announce agreement and first contract for thermal imaging for automotive safety systems
A significant agreement was reached by Valeo and Teledyne FLIR to use thermal imaging technology into car safety systems. The agreement improves night vision assistance for Advanced Driver Assistance Systems, which raises road safety standards. Read More>>
Lidar maker Aeva wins multiyear contract for Daimler Trucks
For increasing highway automation, Aeva Technologies gets a multiyear contract worth approximately US$ 1 Bn with Daimler Truck to supply its 4D lidar technology. The agreement demonstrates Aeva’s technological leadership in the automobile industry and signals a move to 4D lidar technology. Read More>>
Centre Setup and Expansion
Honda eyes Canadian soil for a US$ 13.83 Bn electric vehicle plant
Honda will invest US$ 13.83 Bn in a Canadian electric vehicle production facility, indicating a change in strategy that will prioritize internal battery manufacture. This action is a component of Honda’s broader plan to start producing and selling electric vehicles in North America by 2026. Read More>>
Executive Movements
Westport Fuel Systems names Sceli new CEO
Dan Sceli, who brings more than thirty years of leadership experience in the automotive industry, has been named CEO of Westport Fuel Systems. He has successfully implemented strategic changes and managed long-term expansion. Read More>>
Metair appoints O’Flaherty as new CEO
Paul O’Flaherty takes over as CEO of Metair on February 1st, replacing Sjoerd Douwenga. O’Flaherty has a wealth of experience from positions held at Absa Bank, ArcelorMittal South Africa, Group Five, EY Parthenon, and Eskom Holdings. Read More>>
New Product Development and Product Launch
Hyundai India rolls out facelifted Creta SUV at INR 10.99 lakh (US$ 13K)
Hyundai Motor India launches the facelifted Creta SUV with prices ranging from Rs 10.99 lakh (US$ 13K) to INR 19.99 lakh (US$ 24K). The model, available in seven variants, features three engine options and advanced transmissions. Read More>>
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