Categoría: Hispanicmotorpress

XCMG Creates Strong Partnership with Tsingshan Group to Build New Energy Base for NEV R&D and Production

XUZHOU, China, Feb. 19, 2021 /PRNewswire/ — Leading construction machinery manufacturer XCMG (000425.SZ) is joining hands with Tsingshan Holding Group, the world’s biggest stainless steel producer with a focus on new energy, to invest 5.5 billion yuan (US$852.85 million) in establishing the XCMG Tsingshan New Energy Industrial Base (the «Base») in Xuzhou that will specialize in developing technologies, products, sales and services of new…

XUZHOU, China, Feb. 19, 2021 /PRNewswire/ — Leading construction machinery manufacturer XCMG (000425.SZ) is joining hands with Tsingshan Holding Group, the world’s biggest stainless steel producer with a focus on new energy, to invest 5.5 billion yuan (US$852.85 million) in establishing the XCMG Tsingshan New Energy Industrial Base (the «Base») in Xuzhou that will specialize in developing technologies, products, sales and services of new energy vehicles (NEV), batteries, electric motor control systems and other parts.

XCMG Creates Strong Partnership with Tsingshan Group to Build New Energy Base for NEV R&D and Production

The project will cover 0.26 square miles in total, with the first phase estimated to build half of the base with an investment of 2.5 billion yuan (US$387.76 million).

«The Base projects 10 billion yuan (US$1.55 billion) in annual sales revenue and 200 million yuan (US$31 million) in annual tax upon completion and will greatly advance R&D, production and sales of XCMG NEV products while further consolidating our technological advantages in the field of electric products and services,» said Donghai Luo, Deputy GM of XCMG and GM of XCMG Automobile Business Unit.

Since the Xuzhou Base was put into operation in 2015, XCMG Automotive has been able to achieve 30 percent growth every year and exceeded the 10-billion mark in 2020.

In 2020, XCMG advanced a series of major projects including electric muck trucks, tractors and mixer trucks as well as new energy cold chain trucks, mining trucks, 8-ton compressed garbage trucks, barrel trucks, 18-ton sweeper-washer trucks, dust suppression trucks, along with loaders and port machinery that features multiple specifications.

With one of the most comprehensive product lineups, strongest R&D and a leading overall electrification solution, XCMG Automotive is now a top three ranking company in the domestic new energy heavy truck market. Internationally, XCMG exported its first flagship NEV product the E300 logistic cargo truck in 2018, followed by an off-road electric mining dump truck entering the markets of developed countries a year later.

«We aim to devote great efforts in building the core industries related to vehicle integration technology and core components in the next few years, transforming the NEV business into a billion-yuan strategic sector and major growth point in the XCMG industrial chain,» noted Luo.

For more information, please visit www.xcmg.com, or XCMG pages on Facebook, Twitter, YouTube, LinkedIn and Instagram.

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Europe’s Electric Motorcycle Market Surges, Mirroring Electric Cars, Reports IDTechEx

BOSTON, Feb. 18, 2021 /PRNewswire/ — IDTechEx expects electric motorcycle sales in Europe to grow at least 50% year-on-year in 2020, building on the momentum of recent years. This is driven by continued policy support from governments alongside start-ups and incumbent OEMs entering the market with new model releases, finds the recent report from IDTechEx, «

BOSTON, Feb. 18, 2021 /PRNewswire/ — IDTechEx expects electric motorcycle sales in Europe to grow at least 50% year-on-year in 2020, building on the momentum of recent years. This is driven by continued policy support from governments alongside start-ups and incumbent OEMs entering the market with new model releases, finds the recent report from IDTechEx, «Electric Two-wheelers 2021–2041«.

2020 is an IDTechEx estimate based on Q1 – Q3 2020 data. Source: ACEM, IDTechEx

Growth is also being boosted by consumer awareness and acceptance in Europe of the benefits of electric motorcycles. Besides the low cost of ownership, electric motorcycles improve the riding experience, taking away the noise, fumes, vibration, shifting, and clutching from the user experience, alongside the environmental benefits of low emissions. The result has been strong growth on par with the electric car market since 2017. 

How are electric motorcycles different? Electric motorcycles are unique, serious machines with power and energy requirements orders of magnitude higher than other common types of electric two-wheelers such as electric scooters, both the standing kind – think Lime – and the sitting kind – think Vespa.

Indeed, electric motorcycles typically utilize electric motors beyond 40kWp, which is more comparable to those found in electric cars than electric scooters, in a much more restricted space. This high-power need, coupled with the limited space on the motorcycle, means manufacturers rarely use off-the-shelf parts and design motors in-house from scratch. The situation is the same for the battery packs, which actually take up the most space in boxy designs unconventional for the moto industry (even when utilizing high-energy automotive-grade Li-ion cells). In contrast, low energy, cheap LFP packs sourced from China can be used for the low energy needs of electric scooters.

Zero Motorcycles, the global market leader for electric motorcycles based out of California, USA, is a good example. It uses locally sourced NMC pouch cells in a custom pack and has an impressive custom-built permanent magnet AC motor (passively air-cooled). The motor has no transmission and is direct drive to the rear wheel, with instant torque.

The result is that electric motorcycles are expensive compared with equivalent combustion models, and start-ups often focus on developing competition or racing bikes, which are less price-sensitive markets. So, while the market is growing, the price remains the main hurdle: a motorcycle with a 14kWh battery pack sells for over $15,000 today. The issue is exacerbated by the fact that electric motorcycles have the most appeal to environmentally conscious millennials who tend to have less purchasing power than older generations preferring loud pipes. In fact, young people are less inclined to buy a motorcycle in general, which is an existential problem the overall industry is grappling with. The high price of electric motorcycles should naturally improve as battery costs continue to decline from the economies of scale of the automotive industry, which may be enough to entice a new, younger audience.

To learn more, the new IDTechEx report «Electric Two-wheelers 2021-2041» (www.IDTechEx.com/E2W) addresses and forecasts electric two-wheelers with pure electric modes under 4kW (‘electric scooters’) and over 4kW (‘electric motorcycles’) with historic data back to 2015 and forecasts to 2041, with insight into the drivers and uptake by region (China, India, Indonesia, Vietnam, EU + UK, US, RoW). The report further explores key technology trends, such as the transition away from lead-acid and the reliance on permanent magnet motors for all power classes. Market shares of companies are provided regionally, based on primary interviews with market leaders.

This research forms part of the broader electric vehicle and energy storage portfolio from IDTechEx, who track the adoption of electric vehicles, battery trends, and demand across land, sea, and air, helping you navigate whatever may be ahead. Find out more at www.IDTechEx.com/EV.

About IDTechEx

IDTechEx guides your strategic business decisions through its Research, Subscription and Consultancy products, helping you profit from emerging technologies. For more information, contact research@IDTechEx.com or visit www.IDTechEx.com.

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Natalie Moreton
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press@IDTechEx.com
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EV Battery Market worth $67.2 billion by 2025 – Exclusive Report by MarketsandMarkets™

CHICAGO, Feb. 18, 2021 /PRNewswire/ — According to the new market research report «EV Battery Market by Battery Capacity (<50, 50-110, 111-200, 201-300 and >300), Battery Form (Wire, Laser), Propulsion (BEV, PHEV, PHEV, FCEV), Battery Type, Material Type, Li-ion Battery…

CHICAGO, Feb. 18, 2021 /PRNewswire/ — According to the new market research report «EV Battery Market by Battery Capacity (<50, 50-110, 111-200, 201-300 and >300), Battery Form (Wire, Laser), Propulsion (BEV, PHEV, PHEV, FCEV), Battery Type, Material Type, Li-ion Battery Component, Method, Vehicle Type & Region – Global Forecast to 2025″, published by MarketsandMarkets™, the global EV Battery Market is projected to grow at a CAGR of 25.3% from USD 27.3 billion in 2021 to USD 67.2 billion by 2025.

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Browse in-depth TOC on «EV Battery Market»
176 – Tables
80 – Figures
248 – Pages

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The growth of the EV Battery Market can be attributed to the increasing demand of electric vehicles, improvement in battery technology, supporting government policies and regulations, and launch of new plug-in EV models.

Asia pacific is expected to be the largest EV Battery Market in the forecast

Countries such as China, Japan, India, South Korea, and Thailand are considered under Asia Pacific for market analysis. China is the largest contributor to the global market, accounting for a share of more than 95%. Chinese companies such as Panasonic, LG, Chem, Samsung, CATL, and BYD are dominating both the Chinese and global EV Battery Market. Chinese EV manufacturers, who have access to cheaper parts and components, are providing electric vehicles at lower prices.

The Chinese government has made significant investments to convert conventional public transport fleets into electric ones, which also drives the EV Battery Market. In 2019, BYD launched its K12A, the world’s first 27-m pure electric bus. With a passenger capacity of 250 people, it is the longest pure electric bus in the world and can travel at a maximum speed of 70 km/h. The K12A is also the world’s first electric bus equipped with a distributed 4WD system, which can smoothly switch between 2WD and 4WD to meet the demands of different terrains, while also lowering the vehicle’s overall energy consumption.

The Indian government has announced plans for financial support for EVs—a zero-rated goods and services tax (GST) and the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme run by the Department of Heavy Industries to increase the adoption of electric vehicles. State authorities are rolling out contracts for electrifying the public transport fleet. For example, in 2018, BYD supplied 25 electric buses to the city of Pune and is expected to supply more in other cities.

South Korea and Japan started adopting electric vehicles in the last few years, with the introduction of hybrid vehicles. In October 2020, Toyota and Panasonic formed a joint venture to begin the production of batteries for hybrid vehicles at a facility in Japan. The Japanese manufacturer, Mitsubishi has announced to spend USD 9.6 million to boost production of electrolyte solution for lithium-ion batteries in 2021. The company will used this fund to upgrade equipment at plants in the U.S., the U.K. and China.

With advancements in battery technology and focused research, the presence of EVs in these countries has grown considerably.

 Europe is expected to be the fastest-growing market during the forecast

Countries such as Germany, France, Spain, UK, Italy, Norway, Sweden, and Denmark are considered under Europe for market analysis. The presence of OEMs such as VDL Groep (Netherlands) and AB Volvo (Sweden) offers opportunities for the growth of the EV Battery Market in the region. The increasingly stringent regulations related to environmental issues are propelling market players to test and develop advanced vehicles, which will further boost the market for advanced battery technologies. For example, Brexit deal creates an opportunity for Nissan to expand the business operations at its Sunderland plant. In return, the Japanese OEMs is even investing in the UK and other European countries. Nissan is interested to build additional battery production capacity in Sunderland. In September 2020, Mercedes-Benz, a subsidiary of Daimler AG, introduced its new all-electric eCitaro G, optionally equipped with innovative solid-state batteries. In December 2019, Volvo Trucks, a subsidiary of AB Volvo, developed heavy-duty electric concept trucks for construction operations and regional distribution.

France is expected to be the fastest-growing market for EV batteries in the region. The initiatives undertaken by the French government to promote electric commercial vehicles and electrification of public transport fleets are driving the country’s EV Battery Market. The government in Germany is also focusing on increasing the use of electric vehicles.

Major battery manufactures have been expanding their networks in the European region that has allowed significant growth of EVs and batteries. For instance, in 2017, Samsung SDI has invested about USD 1.3 billion to expand its factory in Hungary. This allowed Samsung to start production in 2018 on the Hungary plant, which produced batteries for 50,000 EVs that year.

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The laser bonding segment is expected to be the largest EV method in the forecast

The laser bonding method is expected to lead the EV Battery Market during the forecast period. This method is mostly preferred due to its non-contact process that enables welding of dissimilar materials with high precision. Laser bonding is considered a reliable technology to connect battery cells and achieve fast production of battery pack conductive joints.

Key Market Players:

The global EV Battery Market is dominated by major players CATL (China), Panasonic (Japan), LG Chem (South Korea), BYD (China), and Samsung SDI (South Korea).The key strategies adopted by these companies to sustain their market position are new product developments,merges & acquistions, supply contracts, partnerships, expanisons, collaborations, acquisitions, and contracts & agreements.

Browse Related Reports:

Electric Commercial Vehicle Market by Propulsion Type, Vehicle Type, Range, Battery Type, Length of Bus, Power Output Type, Battery Capacity Type, Component Type, Autonomous Vehicles Type, End User and Region – Global Forecast to 2028

Electric Vehicle Charging Station Market by Level of Charging (Level 1, Level 2 & Level 3, By Charging Infrastructure (Normal Charge, Type-2, CCS, CHAdeMO and Tesla Supercharger), DC fast Charging (Fast & Ultra-fast) – Global Forecast to 2027

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Parkopedia Launches Dedicated Japan Business

– Parkopedia announces the launch of its Japanese subsidiary, ‘Parkopedia Japan Limited’ based in Tokyo

– Tomohiko Ishibashi has been named as Representative Commercial Director of Japan

– Data collection services have now been brought in-house to deliver a heightened level of quality and accuracy for Japanese drivers

– The new Parkopedia Japan business website is now available at:

– Parkopedia announces the launch of its Japanese subsidiary, ‘Parkopedia Japan Limited’ based in Tokyo

– Tomohiko Ishibashi has been named as Representative Commercial Director of Japan

– Data collection services have now been brought in-house to deliver a heightened level of quality and accuracy for Japanese drivers

– The new Parkopedia Japan business website is now available at: https://business.parkopedia.com/ja

LONDON and TOKYO, Feb. 18, 2021 /PRNewswire/ — Parkopedia, the world’s leading parking service provider with headquarters in London, UK, has announced the launch of its Japanese subsidiary ‘Parkopedia Japan Limited’ registered in Tokyo, Japan. The launch follows the continued growth of Parkopedia’s automotive business in Japan, with major Japanese OEM brands including Toyota, Honda, Mazda, and Subaru already working with Parkopedia in various geographies globally.

In Japan, Apple Maps, Mercedes-Benz and Volkswagen Group drivers already use the parking services provided by Parkopedia, which cover over 1000 cities and towns nationwide. The service has been integrated into selected vehicles since 2019, providing static and dynamic parking data after the initial launch with Apple Maps in 2018. The launch of the local Japanese business further strengthens Parkopedia’s commitment to its Asian customers and drivers. It joins other Parkopedia global business sites including Europe, USA and China as Parkopedia looks to roll out its end-to-end product portfolio across major markets in 2021.

As part of its Japanese expansion, Parkopedia has also announced the appointment of Tomohiko Ishibashi as Representative Commercial Director of Parkopedia Japan, effective immediately. Tomohiko has extensive experience in the mapping and automotive industries, having worked with location-based and ride-sharing service businesses, in addition to roles in Silicon Valley working within the technology industry. Tomohiko will lead Parkopedia’s operations in Japan and will report to Hans Puvogel, Parkopedia’s COO.

With Parkopedia Japan, Parkopedia has brought the Japanese parking data collection in-house to address growing driver demands for a seamless premium parking experience. The move aims to provide a heightened level of data quality and accuracy that is unprecedented in the Japanese market. Parkopedia will bring its vast global experience with aggregated in-car payment solutions to Japan, working with OEMs to better serve their drivers.

Commenting on the announcement, Eugene Tsyrklevich, Founder and CEO of Parkopedia, said: «I’m delighted to launch our business in Japan and at the same time, welcome Tomohiko to Parkopedia as we continue to scale our operations. We truly believe that Japan should be at the forefront of this industry as a proven technology leader, and features some of the largest automotive brands and customer bases globally. Our ambition is to continue to best serve all our clients and drivers around the world, and this launch, combined with our experience and product quality will only bring us closer to that goal for the Japanese market.»

Notes to Editors

The Parkopedia Japan business website is available at: https://business.parkopedia.com/ja

About Parkopedia

Parkopedia is the world’s leading parking services provider used by millions of drivers and organizations such as Audi, Apple, BMW, Ford, Garmin, GM, Jaguar Land Rover,

Mercedes-Benz, Peugeot, Sygic, TomTom, Toyota, Volkswagen, and many others. Parkopedia is available in 15,000 cities across 89 countries globally, covering over 70 million parking spaces, helping drivers take the pain out of parking. Parkopedia helps drivers find the closest, cheapest, or available parking to their destination, pay in selected locations, and navigate directly to the parking space.

Parkopedia is also a founding member of the Autonomous Valet Parking consortium, developing highly detailed parking maps and corresponding algorithms to help self-driving vehicles navigate to an open parking space and park autonomously. Visit business.parkopedia.com for more information.

Japan Business Representative
Tomohiko Ishibashi 
Commercial Director
Parkopedia Japan Limited
T: +81-90-9837-3698
E: tomohiko.ishibashi@parkopedia.com
W: https://business.parkopedia.com/ja

Media Contact
Adam Calland
Marketing Director
Parkopedia
T: +44(0)7838219129
E: adam.calland@parkopedia.com
W: https://business.parkopedia.com/

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McLaren unveils all-new, next-generation High-Performance Hybrid supercar – the McLaren Artura

MANAMA, Bahrain, Feb. 17, 2021 /PRNewswire/ —

  • McLaren’s first-ever series-production High-Performance Hybrid (HPH) supercar makes its Middle East debut today
  • Next-generation supercar blends thrilling performance, driving dynamics and engagement with pure EV driving capability
  • First model built on all-new McLaren Carbon Lightweight Architecture (MCLA) contributing to best-in-class kerb weight (DIN) of just 1,498kg*…

MANAMA, Bahrain, Feb. 17, 2021 /PRNewswire/ —

  • McLaren’s first-ever series-production High-Performance Hybrid (HPH) supercar makes its Middle East debut today
  • Next-generation supercar blends thrilling performance, driving dynamics and engagement with pure EV driving capability
  • First model built on all-new McLaren Carbon Lightweight Architecture (MCLA) contributing to best-in-class kerb weight (DIN) of just 1,498kg*
  • Revolutionary twin-turbocharged 3.0-litre V6 petrol engine combined with E-motor and energy-dense battery pack, produces 680PS (671bhp) and 720 Nm (530lb ft)
  • Improved customer offering with standard three-year service plan, five-year vehicle warranty, six-year battery warranty, 10-year body warranty

McLaren Automotive, the British creator of luxury, high-performance supercars, has revealed the long-anticipated McLaren Artura today, marking the beginning of both a new chapter for the pioneering luxury supercar company and a new era in supercar technology and performance.

McLaren Artura

Underpinned by the McLaren philosophy of super-lightweight engineering, the Artura is a distillation of every attribute inherent in a McLaren, combined with faster throttle response, lower emissions and ability to run in pure EV mode, thanks to its ground-breaking electrified powertrain.

«We are proud and honoured to showcase the all-new McLaren Artura in the Kingdom of Bahrain and on the day of its global debut. This revolutionary High-Performance Hybrid supercar marks a beginning of a new era for both McLaren Automotive and the wider supercar segment. Every drop of our engineering expertise gained across more than 50 years of racing has been poured into the Artura, to deliver a combination of breath-taking performance, driver engagement and dynamic excellence, which our brand is so renowned for. I am confident that this extraordinary creation will appeal to both our existing and new customers in the Middle East region.»

Brett Soso, Managing Director – Europe, Middle East & Africa, McLaren Automotive Ltd.

The McLaren Artura is the first model built on the new McLaren Carbon Lightweight Architecture (MCLA), which sets new standards for advanced and flexible chassis design and has been optimised for hybrid applications through bespoke battery compartment, domain-based ethernet electrical architecture, as well as electrical air-conditioning. The new platform compliments a wealth of additional weight-reduction measures, resulting in class-leading lightest dry weight of 1,395kg*, and a DIN kerb weight of 1,489kg*.

At the heart of the Artura’s all-new powertrain is a lightweight 2,993cc twin-turbocharged V6 petrol engine, paired to a bespoke eight-speed transmission and a compact e-motor, which provides the supercar with instant torque and improved throttle response. The package generates a combined power output of 680PS (671 bhp) and 720S Nm of torque, which translates to a class-leading power-to-weight ratio of 488PS per tonne*, as well as truly breath-taking performance figures. The Artura’s top speed is electronically limited to 330km/h with 0-100km/h reached in just 3.0 seconds* and 0-200 km/h in 8.3 seconds*.

The Artura is designed with full Plug-in Hybrid (PHEV) capability and can be charged to an 80% level in just 2.5 hours. The battery pack, comprising five lithium-ion modules, can also harvest power from the combustion engine during driving, depending on the driving mode selected. This solution provides the driver with a unique ability to enjoy the car in silent, pure EV mode with a range of up to 30km and a top speed of 130km/h.

The engineering artistry beneath the Artura’s skin is complemented by its exterior design, which gives the car a ‘shrink-wrapped’ appearance and pushes the McLaren design language seen in recent models to a new level. The technical sculpture of the car has been conceived to optimise aerodynamic performance, as well as cooling, and is driven by the McLaren design principle of ‘everything for a reason’.

Every McLaren cockpit is built around the driver, but the Artura brings a new level of meaning to that principle. The driving experience is enhanced through a new Digital Instrument Cluster mounted to the steering column, so it moves in conjunction with the steering wheel. The Artura is also the first McLaren to offer Over-The-Air (OTA) updates, as well as Advanced Driver Assistance Systems (ADAS), which include Intelligent Adaptive Cruise Control with Stop/Go, Road-Sign Recognition, Lane-Departure Warning and High-Beam Assist.

Peace of mind on quality and durability were core considerations with the all-new Artura and it is no surprise that its development programme was the most rigorous ever in McLaren’s history.  Available to order now from McLaren retailers, with first deliveries to customers commencing in Q3 of this year, the Artura is priced at AED 954,000 in the UAE, and in standard specification, which includes a 3-year service plan, Smartphone Integration Package and Practicality Pack as a no cost option. This pack includes Vehicle Lift, power-folding heated door mirrors with ‘Dip in Reverse’ functionality, four front and four rear parking sensors, rear-view camera, Homelink® and soft-close doors.

For more information on McLaren Automotive’s retail locations in the Middle East, as well as its award-winning supercars, including the all-new McLaren Artura, please visit: https://cars.mclaren.com/.  

Notes to editors:

*Value to be confirmed – pending final validation

A selection of high resolution images accompanying this release is available to download from the McLaren Automotive media site – cars.mclaren.press

About McLaren Automotive:

McLaren Automotive is a creator of luxury, high-performance supercars.

Every vehicle is hand-assembled at the McLaren Production Centre (MPC) in Woking, Surrey, England.

Launched in 2010, the company is now the largest part of the McLaren Group.

The company’s product portfolio of GT, Supercar, Motorsport and Ultimate models are retailed through over 85 retailers in 40 markets around the world.

McLaren is a pioneer that continuously pushes the boundaries. In 1981, it introduced lightweight and strong carbon fibre chassis into Formula 1 with the McLaren MP4/1.

Then in 1993  it designed and built the McLaren F1 road car – the company has not built a car without a carbon fibre chassis since. As part of the Ultimate Series, McLaren was the first to deliver a hybrid hypercar, the McLaren P1™.

2019 saw McLaren launch the 600LT Spider as well as the new GT, the track-only Senna GTR and unveiled the 620R and the McLaren Elva.

In 2020, McLaren launched the 765LT. In addition, it unveiled the all-new lightweight architecture innovated and manufactured at the £50m McLaren Composites Technology Centre opened in the Sheffield region in the North of England that will underpin the next decade of McLaren’s electrified future.

To support the development, engineering and manufacture of its range of innovative supercars, McLaren Automotive partners with world leading companies to provide specialist expertise, technology and solutions. These include AkzoNobel, Ashurst, Dell Technologies, Gulf, Pirelli,  Richard Mille and Tumi.

McLaren Group:
The McLaren Group is a global leader in luxury automotive and technology and comprises three businesses: Automotive, Racing and Applied.

McLaren Artura

 

McLaren Artura

 

McLaren Artura

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Further information:

Media website: cars.mclaren.press
Facebook: www.facebook.com/mclarenautomotive
Twitter: www.twitter.com/McLarenAuto
YouTube: www.youtube.com/mclarenautomotivetv

Autoliv Announces New Inflator Manufacturing Plant in India

BANGALORE, India, Feb. 16, 2021 /PRNewswire/ — Autoliv, Inc. (NYSE: ALV and SSE: ALIVsdb), the worldwide leader in automotive safety systems, announced its plan to build a new inflator manufacturing plant in India, focused toward supporting its strong Indian market position. This is the latest development in Autoliv’s long commitment to the Indian market through its world class life-saving solutions for mobility and society.

Autoliv India has its…

BANGALORE, India, Feb. 16, 2021 /PRNewswire/ — Autoliv, Inc. (NYSE: ALV and SSE: ALIVsdb), the worldwide leader in automotive safety systems, announced its plan to build a new inflator manufacturing plant in India, focused toward supporting its strong Indian market position. This is the latest development in Autoliv’s long commitment to the Indian market through its world class life-saving solutions for mobility and society.

Autoliv India has its corporate office, Engineering Centre, and Airbag facilities in Bangalore.  The new inflator plant will be built close to Chennai and will serve Indian demand. The localization of inflator production will meet customer requirements while mitigating global supply chain disruptions and fluctuations. The new inflator plant will further encourage sustainable market growth in India from global and local OEMs.

Autoliv entered the Indian market in 1994 and has since become the clear leader, with six facilities, in this dynamic market.

«The establishment of the new inflator plant is another milestone of Autoliv’s development in India, demonstrating our strong commitment to customers and to the Indian market,» said Mr. Joydeep Roy, Autoliv India President and Managing Director. «We are optimistic about the business prospect here. We will continue our dedicated work of leading the way to Saving More Lives in India and being a trusted supplier and partner to our customers,» he added.

  
Inquiries:
Gabriella Ekelund,  Tel +46 (70) 612 64 24
Catherine Fu, Communications Director, Tel +86-21-69925406

About Autoliv

Autoliv, Inc. is the worldwide leader in vehicle safety systems, and through our subsidiaries we develop, manufacture and market protective systems, such as airbags, seatbelts, steering wheels and pedestrian protection systems for all major automotive manufacturers in the world. In 2020, our products save over 33,000 lives each year and prevented ten times as many severe injuries.

Our more than 68,000 associates in 27 countries are passionate about our vision of Saving More Lives and quality is at the heart of everything we do. We have 14 technical centers, with 20 test tracks. Sales in 2020 amounted to US $ 7,447 million. The shares are listed on the New York Stock Exchange (NYSE: ALV) and the Swedish Depository Receipts on Nasdaq Stockholm (ALIV sdb). For more information go to www.autoliv.com.

Safe Harbor Statement

This report contains statements that are not historical facts but rather forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include those that address activities, events or developments that Autoliv, Inc. or its management believes or anticipates may occur in the future. All forward-looking statements are based upon our current expectations, various assumptions and data available from third parties. Our expectations and assumptions are expressed in good faith and we believe there is a reasonable basis for them. However, there can be no assurance that such forward-looking statements will materialize or prove to be correct as forward-looking statements are inherently subject to known and unknown risks, uncertainties and other factors which may cause actual future results, performance or achievements to differ materially from the future results, performance or achievements expressed in or implied by such forward-looking statements. Numerous risks, uncertainties and other factors may cause actual results to differ materially from those set out in the forward-looking statements, including general economic conditions and fluctuations in the global automotive market. For any forward-looking statements contained in this or any other document, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and we assume no obligation to update publicly or revise any such statements in light of new information or future events, except as required by law. 

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Agero Lauded by Frost & Sullivan for Alleviating the Stress of Roadside Events with Its Advanced Dispatch and Management Technology

New digital platform optimizes customer experience, streamlines service provider selection and delivers greater reporting transparency

SANTA CLARA, Calif., Feb. 16, 2021 /PRNewswire/ — Based on its recent analysis of the global digitalized roadside driver assistance market, Frost & Sullivan recognizes Agero,…

New digital platform optimizes customer experience, streamlines service provider selection and delivers greater reporting transparency

SANTA CLARA, Calif., Feb. 16, 2021 /PRNewswire/ — Based on its recent analysis of the global digitalized roadside driver assistance market, Frost & Sullivan recognizes Agero, Inc. with the 2020 Global Customer Value Leadership Award. Agero is redefining roadside assistance and connected car services with its dispatch and management technology integrated with the Swoop platform. By combining data-driven technology and a human touch, Swoop improves the consumer’s relationship with their assistance program provider, whether it be their insurer, automaker, or fleet manager. The platform modernizes the complete breakdown experience for each stakeholder in the end-to-end service delivery chain – consumer, service provider, contact center agent, client and Agero – with built-in transparency and real-time updates.

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With its Swoop Dispatch Management platform, delivered as a software-as-a-service, Agero enables insurers, automakers and fleet managers to present a fully digital experience to customers in need of roadside assistance. Aligning the dispatch technology for measuring the variables to select the best service provider with an omnichannel approach, including web apps and mobile APIs, Agero resolves each situation in a way that ensures superior customer satisfaction.

«Agero’s unified platform is flexible and variably configurable to support multiple business types and multi-tenant client management. Significantly, Swoop Dispatch Management can integrate with clients’ existing contact center functions or service provider network operations. In the tow management software component, available on desktop and mobile apps, the Swoop platform automates workflows to fit the needs of both large and small tow operators, assigns jobs to drivers, and streamlines invoicing,» said Vishwas Shankar, Research Director at Frost & Sullivan. «In the agent-facing software, Agero employs advanced algorithms to analyze massive amounts of data to best match tow service providers to end-customer needs and the business preferences of the client insurer, automaker or fleet operator.»

The platform is a single, transparent source of information for roadside customers, call center agents, insurers, fleet or automakers, a dealership receiving the vehicle, and the tow operator. It can easily deploy in each of these stakeholders’ environments as a full-stack, stand-alone, or integrated offering with existing software. With job progress dashboards and intuitive design to map the events and hotspots, Agero offers an exceptional user experience for clients. It also includes reporting and analytics functions to identify insights and performance indicators from each case event.

«The Agero solution facilitates the modernization and digital transformation of legacy technologies that do not meet the expectations of contemporary customers,» noted Nick Baugh, Best Practices Research Analyst at Frost & Sullivan. «The company is preparing to position itself as the key enabler of all mobility assistance, across mobility modes and channels. As consumers transition away from traditional car ownership models, Agero can support and connect numerous multimodal ecosystem participants while constantly improving integration across channels and service areas.»

Each year, Frost & Sullivan presents this award to the company that demonstrates excellence in implementing strategies that proactively create value for its customers with a focus on improving the return on the investment that customers make in its services or products. The award recognizes the company’s unique focus on augmenting the value that its customers receive, beyond simply good customer service, leading to improved customer retention and customer base expansion.

Frost & Sullivan Best Practices awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.

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For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

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Bianca Torres
P: 210.477.8418
E: bianca.torres@frost.com

About Agero
Agero’s mission is to rethink the roadside experience through a powerful combination of passionate people and data-driven technology, strengthening its clients’ relationships with their customers. As a leading B2B provider of next-gen driver assistance services, Agero is pushing the industry in a new direction, taking manual processes and redefining them as digital, transparent and connected. This includes: a transformative roadside event management platform powered by Swoop, a San Francisco based software company acquired in 2018; comprehensive accident management services; knowledgeable consumer affairs and connected vehicle capabilities; and intuitive tow dispatch software.

The company protects 115 million vehicles in partnership with leading automobile manufacturers, insurance carriers and other diversified clients. Managing one of the largest national networks of service providers, Agero responds to approximately 12 million service events annually. Agero, a member company of The Cross Country Group, is headquartered in Medford, Mass., with operations throughout North America and Europe. To learn more, visit www.agero.com.

Contact:

Kate Patty
PR Manager, Agero
Phone: 781.306.3771
Email: KPatty@agero.com

Automotive Differential Market worth $23.2 billion by 2025 – Exclusive Report by MarketsandMarkets™

CHICAGO, Feb. 16, 2021 /PRNewswire/ — According to the new market research report «Automotive Differential Market by Type (Open, Locking, LSD, ELSD, Torque Vectoring), Drive Type (FWD, RWD, AWD/4WD), ICE & Hybrid Vehicle, Off-Highway (Construction & Mining, Ag Tractor,…

CHICAGO, Feb. 16, 2021 /PRNewswire/ — According to the new market research report «Automotive Differential Market by Type (Open, Locking, LSD, ELSD, Torque Vectoring), Drive Type (FWD, RWD, AWD/4WD), ICE & Hybrid Vehicle, Off-Highway (Construction & Mining, Ag Tractor, Forklift), Component Aftermarket and Region – Global Forecast to 2025″, published by MarketsandMarkets™, the global Automotive Differential Market post-COVID-19 is projected to grow at a CAGR of 4.7% from 2020 to 2025. From a market size of USD 18.4 billion in 2020, it is projected to reach a market size of USD 23.2 billion by 2025.

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Browse in-depth TOC on «Automotive Differential Market»

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AWD/4WD is estimated to be the largest segment in the Automotive Differential Market

AWD/4WD is estimated to be the largest as well as the fastest growing market for automotive differential during the forecast period. The AWD/4WD drive system differential market is mainly driven by growing demand for SUVs, increasing demand for improved vehicle safety, stability, and enhanced driving dynamics. The AWD/4WD systems find their applications majorly in the premium car segment and SUVs. Improving economic conditions, increasing industrialization, and improving the living standards of the consumers around the world has increased the demand for premium segment cars and SUVs. The AWD/4WD systems consist of two differentials; front and rear and hence, demand for differentials will increase with the growing demand of AWD/4WD systems in the vehicles.

Electronically controlled limited slip differential is estimated to have the fastest growth in the Automotive Differential Market

The Electronically Controlled Limited Slip Differential (ELSD) is seeing greater adoption rate owing to its better efficiency, unlike mechanical differentials. The ELSD serves the necessity of the mechanical components with more efficiency and durability. Also, it helps in improving the overall fuel efficiency and hence, fulfills several stringent emission norms that is the major factor leading towards the adoption of such components integrated in the vehicles.

Torque vectoring differential is the second fastest growing in the Automotive Differential Market. This differential has the ability to decide what torque needs to be applied to the wheels. The vehicle maintains its traction and does not slip even at higher speeds. Torque vectoring differential can send up to 100% of the available torque to a single wheel. The advantages offered by this differential makes it the most attractive opportunity for the manufacturers and thus, the market for torque vectoring differential will grow in future and therefore, the differential market.

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Asia Oceania is estimated to be the leading market for the Automotive Differential Market

The study considers countries such as China, Japan, India, South Korea, and Thailand in the Asia Oceania region. These countries are witnessing a huge population growth. With the availability of economic labor, lenient regulations for environment and safety, and increased FDI for the automotive industry in countries such as India, and growing demand for vehicles, OEMs, and system/component suppliers have shifted their focus to this region. Also, growing inclination toward all wheel and four wheel drives integrated vehicles in the Asian countries have increased the popularity of the off-road vehicles and sports cars. These vehicles are equipped with one or two differentials which ultimately increases the differential requirement per vehicle and hence, the Automotive Differential Market. According to MarketsandMarkets™ analysis and validations from primary respondents, Asia Oceania is estimated to be the largest market for small passenger cars, backed by high demand in the automotive industry. The requirement for a differential is dependent on vehicle production, thus, the passenger car differential market is expected to grow along with the production of passenger cars globally. However, the COVID-19 pandemic has affected automotive manufacturing hubs such as China and India, which has severely affected vehicle production and thereby hindered the growth of the Automotive Differential Market in 2020.

The Automotive Differential Market is dominated by a few global players and comprises several regional players. Some of the key manufacturers and suppliers in the Automotive Differential Market are GKN (UK), Eaton (Ireland), American Axle (US), JTEKT (Japan), Dana (US), BorgWarner (US), Linamar (Canada), Schaeffler (Germany), ZF (Germany), and Continental (Germany).

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Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the «Growth Engagement Model – GEM». The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write «Attack, avoid and defend» strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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TEMSA’s electric vehicles will hit the road in Romania

TEMSA undersigned another breakthrough with new electric bus exports; Having won a tender held in Buzău, Romania, TEMSA will deliver four Avenue Electron buses by the end of 2021

ADANA, Turkey, Feb. 16, 2021 /PRNewswire/ — After delivering its first electric bus export to Sweden in recent months, TEMSA is strengthening its position in the global markets through new exports. Having taken part with its Avenue Electron…

TEMSA undersigned another breakthrough with new electric bus exports; Having won a tender held in Buzău, Romania, TEMSA will deliver four Avenue Electron buses by the end of 2021

ADANA, Turkey, Feb. 16, 2021 /PRNewswire/ — After delivering its first electric bus export to Sweden in recent months, TEMSA is strengthening its position in the global markets through new exports. Having taken part with its Avenue Electron model electric vehicles in the electric bus tender held by Buzău, Romania in July last year, TEMSA won by surpassing its global competitors. Within the scope of the tender, TEMSA will deliver four Avenue Electron model electric buses engineered, developed and manufactured in Adana by 2021. The delivery also includes the procurement of two 150kw and 480kw charging stations to the city.

Engineered, Developed and Manufactured in Adana

TEMSA’s Chief Sales and Marketing Officer Hakan Koralp, noted that TEMSA is among the leading companies world-wide when it comes to electric vehicles and said, «We have been developing electric vehicle technologies for many years. With our vehicles that we engineer, develop and manufacture at our plant in Adana, we aim to contribute to the future of transportation and sustainability of our world.»

We Are Now Stronger With Our Partners

Koralp expressed that TEMSA will attain much greater success in the field of electric vehicles with the partnership of the Sabancı Holding and PPF Group and with its sister company Škoda Transportation in the future and continued: «We keep on working to strengthen our position in foreign markets, particularly in Europe, with the knowledge of our partners and their competitive power within the international markets. Electrification is presently the most significant topic in the world of transportation. We will continue to develop vehicle technologies that conform it by placing R&D and innovation at the heart of our growth strategy and to export our vehicles with a various product range that is ready for serial production to the world.»

Short Charge in Nine Minutes

  • Avenue Electron that will be on the roads of Romania’s city of Buzău in 2021 was first introduced at Hanover Commercial Vehicle Fair held in Germany in 2018.
  • The vehicle with a length of 12 meters has 35 seats and 85-person passenger capacity.
  • Also a fast charging feature is available in the vehicle that can cover a 230- kilometer distance when fully charged. Also, able to travel 90 kilometers with a nine-minute charge. This makes Avenue Electron advantageous particularly in urban transportation.

15% Increase in the Range With a Single Pedal

An innovation brought along with Avenue Electron is the single-pedal driving system. Instead of the accelerator and brake pedals together, only the accelerator pedal is present in the vehicle. Connected to the battery, the pedal allows the vehicle to both accelerate and slowdown or even stops when the drivers pull their foot off the pedal. While that technology increases the range of the vehicle by up to 15 percent, it reduces the brake maintenance costs and maintenance times of vehicles.

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Automotive Cyber Security Market Size To Advance At 21.4% CAGR By 2025, Due To Rising Data Breaching Incidence In Automated & Connected Vehicles | Million Insights

FELTON, Calif., Feb. 16, 2021 /PRNewswire/ — The global automotive cyber security market is projected to reach USD 5.56 billion by 2025, according to Million Insights. A growing data breaching incidence owing to increasing number of…

FELTON, Calif., Feb. 16, 2021 /PRNewswire/ — The global automotive cyber security market is projected to reach USD 5.56 billion by 2025, according to Million Insights. A growing data breaching incidence owing to increasing number of automated and connected vehicles is a major factor driving the market growth. In addition, a rising focus on implementing automotive cyber security policies is projected to surge the demand for the market in the next few years. Automotive data taxonomy, Cloud infrastructure, and mobile cross platforms are other major factors expected to augment market growth.

For seamless connectivity, technological advancement in the automotive industry is gaming traction due to rising a huge volume of data exchange, which is also anticipated to have a positive impact on market growth. In addition, electronic information control systems such as fixed-speed cruise control, auto-braking sensors, tire-pressure, and electric power steering have become compulsory in all vehicles. Other systems like ADAS, powertrain, safety systems, and infotainment are also being used in automotive electronics operations. This factor will exhibit vehicle-to-everything communication, which is expected to open lucrative opportunities for the automotive cybersecurity market.

Please click here to get the sample pdf and find more details on «Automotive Cybersecurity Market» Report 2025.

North America is expected to lead the market owing to the rising adoption of autofocus vehicles coupled with the integration of new technologies such as connected car systems and smart antennas. Moreover, stringent norms regulated by the government for automotive cyber security and growing investment in automotive sectors are projected to augment the regional market growth. The major players operating in this industry are HARMAN International, Continental AG, Argus Cyber Security Ltd, Argus Cyber Security Ltd, ESCRYPT, and NXP Semiconductors N.V.

Further key findings from the report suggest:

  • In Europe, the passenger segment is projected to hold more than 77.0% by 2025 owing to implementation of cyber security strategies, rising scope of data exchange, and growing production of Electric Vehicles (EVs).
  • In China, infotainment application led the automotive cyber security market owing to early adoption of Infotainment application.
  • Wireless network security segment is projected to hold the largest market share by 2025.
  • OEMs are focusing on features offered by connected car systems which is expected to contribute positive impact on market growth.

Browse 180 page research report with TOC on «Global Automotive Cyber Security Market» at: https://www.millioninsights.com/industry-reports/global-automotive-cyber-security-market

Million Insights has segmented the automotive cyber security market on the basis of security, vehicle type, application, service, and region:

  • Automotive Cyber Security Vehicle Type Outlook (Revenue, USD Million, 2015 – 2025)
    • Passenger Car
    • Commercial Vehicle
    • Electrical Vehicle
  • Automotive Cyber Security Application Outlook (Revenue, USD Million, 2015 – 2025)
    • ADAS & Safety System
    • Infotainment
    • Body Electronics
    • Powertrain
    • Telematics
  • Automotive Cyber Security Service Outlook (Revenue, USD Million, 2015 – 2025)
    • In-vehicle Services
    • External Cloud Services
  • Automotive Cyber Security Regional Outlook (Revenue, USD Million, 2015 – 2025)
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • U.K.
      • Germany
      • France
      • Spain
      • Russia
      • Turkey
      • Italy
    • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
      • Thailand
    • Rest of World
      • Brazil
      • South Africa
      • Iran

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