Sunwoda forms battery JV with Dongfeng Motor, Dongfeng Hongtai
Key Signals in Automotive
Centre Setup and Expansion BMW Group opens automated steel pressing facility The company has opened a new automated steel pressing facility at its Swindon, U.K., plant. The new 2,500-metric-ton press, which will produce steel panels for the MINI plant in Oxford, comprises six stations that can make up to eighteen parts per minute, more than twice the capacity of the previous press line. Read More>> VinFast to open more than fifty stores across Europe The company announced its intention to open 50 stores in Europe. At least twenty-five Vietnamese EV makers stores will open in Germany, twenty in France, and five in the Netherlands. Vama outlined Vietnam’s automobile industry strategy and net-zero carbon emission targets. Read More>> Biggest Suzuki 3S shop opens in Bohol The company unveiled its biggest 3S Shop in the country in Talibon, Bohol, to serve as a landmark venue for the brand’s commitment to providing the best service possible, parts, and high-quality motorcycle products. The Suzuki Talibon HMAC 3S Shop is the first 3S Shop with HMAC and the 11th with SMDI. Read More>>Deals Tennessee Titans selected Shift4 as the official payment processor at Nissan stadium The company has selected Shift4, the leader in integrated payments and commerce technology, to process payments for its food and beverage concessions and retail sales at Nissan Stadium. Read More>> Einride orders 110 electric trucks from Scania Einride has placed an order for 110 Scania electric trucks that will be serviced by Einride across Europe later this year and in the first half of 2023. Customers can also choose between L- and P-series cabs. Read More>> Hunter Lawrence extends contract with Honda During a small ceremony in the Team Honda HRC pits at the High Point round of the AMA Pro Motocross Championship, Hunter Lawrence agreed to prolong his relationship with Honda for another two years. Lawrence will remain with Honda through the 2024 season, corresponding with his eligibility period in AMA Supercross 250SX Regional racing. Read More>>Partnerships Valeo, Atul, and Honda join hands to accelerate three-wheeler electrification in India The company will provide its 48V integrated compact electric powertrain system and the Powertrain Control Unit for Atul’s upcoming cargo and passenger three-wheeler that will be launched in India soon. Read More>> Sunwoda forms battery JV with Dongfeng Motor, Dongfeng Hongtai The company has announced its green light to establish a joint venture with Dongfeng. The joint venture between Sunwoda Electric Vehicle Battery, leading automotive company Dongfeng Motor, and automotive component company Dongfeng Hongtai was confirmed on 17 June. Read More>>Mergers and Acquisitions Wabtec acquires Arinc rail solution The company acquired Collins Aerospace’s Arinc rail solutions business, a rail dispatch, and back-office system provider. Trimble’s Beena Vision wayside inspection system business in April; MASU’s railway friction business based in New Delhi, India; and Greenbriar Equity Groups Nordco unit in March 2021. Read More>>Executive Movement Aptiv appoints Jessica Kourako The company appointed Jessica Kourakos as VP of Investor Relations and ESG. Jessica has led the Investor Relations function at leading global companies, most recently at Rockwell Automation, for more than ten years. She brings to Aptiv extensive experience in finance, sustainability, marketing, and strategy. Read More>> McLaren Strategic Capital appoints Chris Ellis as COO and Partner The company appointed Chris Ellis as the Chief Operating Officer and Partner of McLaren Strategic Capital. McLaren Strategic Ventures is a leading conglomerate that provides an ecosystem for the world’s most innovative technology solutions, carve-outs, and JVs with Fortune 500 businesses. Read More>>
Latest Industry Insights from Draup Braindesk
Key Funding Alert
Volvo invests USD 4.9 Mn in UK-Based recycled battery energy storage company
Volvo invested in Connected Energy, a U.K.-based company that recycles electric-vehicle batteries for use in commercial energy storage systems. The investment will accelerate Volvo Group’s battery business and sustainability opportunities. Read More>>
Startup Spotlight
Company – Smartcar Total Funding – USD 36 Mn About: Smartcar, Inc. builds the infrastructure for the connected car. It enables software developers to locate, unlock, and read data from vehicles using an API. Mobility businesses can integrate their apps and services with connected cars to retrieve vehicle data. Read More>>
Latest Reports Published in Draup
Zero Motorcycles, Inc. – Account Intelligence Report
Zero Motorcycles implements its latest version of OS, Cypher, in its new models and provides upgrades for zero riders that improve the performance of engines in various ways through the Cypher store. It aims to launch an FXE electric bike featuring ergonomic touchpoints. Read More>>
Toyota USA – Account Intelligence Report
Toyota’s investment aims to increase its production capabilities and produce high-quality products for Toyota’s vehicles assembled in North America and support Tacoma production. It intends to provide consumers with safer, more dependable electric vehicles, promoting a carbon-neutral future. Read More>>
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