Nexteer Recognized by General Motors as a 2019 Supplier of the Year Winner
TUV Rheinland Partners with NARLabs to Lay Foundations for Autonomous Driving
Senmiao Technology Announces Financial Results for Fiscal Year Ended March 31, 2020
Senmiao Technology Signs an Investment Agreement with Hongyi Industrial Group to Invest RMB50 Million in Senmiao's Auto Business
Fisker Inc. Completes $50M Private Financing Provided By Louis M. Bacon's Moore Strategic Ventures
Delta Provides Fastest DC EV Charger in Singapore to ComfortDelGro
BENTELER Gets Exhaust Systems Ready for the EU-7 Standard
Wuhan Development Zone attracts nearly 90 bln yuan in post-epidemic investment promotion
OpenSynergy Collaborates With Google and Qualcomm on Virtualizing Android Automotive OS
World's First Fuel Cell Heavy-Duty Truck, Hyundai XCIENT Fuel Cell, Heads to Europe for Commercial Use
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Strict Emission Standards and Rising EV Sales to Fuel Application of Li-ion Battery Materials Globally
Li-ion is expected to remain the battery technology of choice for electric vehicles until 2026, finds Frost & Sullivan SANTA CLARA, California, July 6, 2020 /PRNewswire/ -- Frost & Sullivan's recent analysis, Global Li-ion Battery Materials Market, Forecast to 2026, estimates that the global market for Li-ion battery materials will register a robust double-digit growth rate by 2026. The rising sales of electric vehicles (EVs) have resulted in an unprecedented demand for batteries and battery materials. While the market is making significant strides toward developing alternatives to Li-ion batteries for EVs, wide-scale commercial adoption is expected to commence only by the second half of the decade. With Li-ion expected to remain the battery technology of choice, the Li-ion battery materials market is forecast to grow at a compound annual growth rate (CAGR) of 13.0%, reaching $36.56 billion by 2026 from $15.49 billion in 2019. For further information on this analysis, please visit: http://frost.ly/47e "Ever-tightening emission standards, coupled with government policies incentivizing EV production, are increasingly driving multi-billion dollar investments toward automotive electrification infrastructure, especially in Europe and APAC. This is creating significant growth avenues for battery materials market participants," said Gautam Rashingkar, Industry Analyst, Chemicals, Materials, and Nutrition. "The quest toward packing in high-energy densities to facilitate maximum possible driving ranges, while focusing on reducing overall battery costs, continues to be the key factor driving development, adoption, and wide-scale use of specific battery materials." Rashingkar added the ever-increasing push for high-energy-density batteries is expected to impact the selection and use of individual battery materials, and there is a growing preference for high-nickel-content cathode materials, partial replacement of graphite with silicon composites in anodes, and an increasing demand for thinner, high-thermal-resistance separators. Also, battery manufacturers are increasingly incorporating functional additives in electrolytes. "Furthermore, with rapid expansion in battery manufacturing infrastructure, participants across the value chain are mandating ethical sourcing of raw materials, reduction in the use of critical materials, and developing processes and infrastructure for recycling and end-of-life management for Li-ion batteries, especially in Europe," Rashingkar concluded. For further revenue opportunities, battery material vendors should: Develop and promote the use of advanced cathode materials that balance energy density, safety, and stability to gain a significant edge over competitors. Strengthen footprint across key geographies in APAC and Europe, where significant battery production capacities are expected to be added. Build effective recycling processes and infrastructure in collaboration with original equipment manufacturers (OEMs) or recycling companies to ensure access to critical raw materials such as cobalt, nickel, and copper. Consider collaborations and/or acquisition of companies specializing in materials for advanced, next-generation batteries to secure their market position. Global Li-ion Battery Materials Market, Forecast to 2026 is part of Frost & Sullivan's global Chemicals and Materials Growth Partnership Service program. About Frost & Sullivan For over five decades, Frost & Sullivan has become 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. Global Li-ion Battery Materials Market, Forecast to 2026MF51-39 Media Contact:Srihari DaivanayagamCorporate Communications M: +91 9742676194; P: +91 44 6681 4412E: srihari.daivanayagam@frost.com http://ww2.frost.com Related Links :http://www.frost.com
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XCMG Celebrates Partnership Achievements with Industry Partners on International Day of Cooperatives
XUZHOU, China, July 4, 2020 /PRNewswire/ -- Leading Chinese construction machinery manufacturer XCMG (SHE: 000425) is celebrating the 2020 International Day of Cooperatives on July 4 through a retrospective of its successful partnership achievements with top global industry partners over the past year. XCMG Celebrates Partnership Achievements with Industry Partners on International Day of Cooperatives. XCMG entered strategic agreements with two existing long-term partners – leading diesel engine manufacturer Cummins and leading global mining group Rio Tinto – in the fall of 2019. Together, the companies have committed to strengthen mutually beneficial global activities across all areas of the product and value chain. In addition, the partners have pledged to share resources and new technologies, while continuously improving global R&D, manufacturing and service systems. "XCMG is committed to working hand-in-hand with our partners to grow and succeed together. Through active engagements and strategic local initiatives, we will ultimately create better products and services for customers around the world," said Wang Min, Chairman of XCMG. Exploring new energy solutions and premium product upgrades with Cummins XCMG has expanded its 40-year partnership with Cummins beyond conventional diesel power to include new energy solutions. The two manufacturers have jointly developed a 3.5-ton electric mini-excavator, featuring a Cummins BM5.7E battery module that can operate for up to eight hours on one charge, and has passed fatigue tests to demonstrate both reliability and zero emissions. As part of its ongoing cooperation, Cummins and XCMG prioritize high-end product strategies, strict quality control and high-efficiency/low energy consumption while ensuring maximum product reliability and stability. XCMG's milestone accomplishments with Cummins include: A super 4,000-ton XGC88000 crawler crane equipped with three Cummins QSK23 high-powered engines; A 400-ton super hydraulic excavator powered by Cummins QSK60 high-powered engines; A 700-ton hydraulic excavator featuring dual Cummins QSK50 high-powered engines. With Rio Tinto: integrating mining solutions while guaranteeing quality From cold, snow-covered plateaus to the extreme heat of open-pit mines in Australia, XCMG's mining graders have won recognition in the open-mining market for their high quality and performance. In December 2019, XCMG successfully delivered nine customized GR2605 large-scale mining graders to Rio Tinto in Australia, marking another landmark since the brand's cooperation began with BHP and Vale. According to Australian standards and requirements, the customized GR2605 mining grader was set to 35 types of welds with corresponding procedures that fully guarantee welding quality and meets the requirements of the mining market. Related Links :http://www.xcmg.com
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China's CRRC Celebrates International Day of Cooperatives with Strengthened Ties and More Support for Australian Rail Industry
SYDNEY, July 4, 2020 /PRNewswire/ -- One of the world's largest rail transportation equipment companies, China Railway Rolling Stock Corporation (CRRC, 1766.HK), has recently released the 2019 Australian Corporate Social Responsibility Report. Highlighting the company's efforts to support local partners through deep integration, the report speaks to the results of these partnerships and commits to even further levels of cooperation into the future. In the rail transit industry, international cooperation is imperative to ensuring the highest levels of safety, comfort and efficiency. Partnering with the Victorian Government, the CRRC has provided 65 new sets of seven-car HCMT trains that will enter service throughout 2020, beginning with the Cranbourne and Pakenham lines. Throughout the whole domestic production of these trains, local partners and stakeholders were actively involved in the development process. In 2018, the Victorian Government invited a large number of these stakeholders and train drivers to inspect the vehicles and give feedback. From the over 2,500 pieces of relevant feedback received, more than 150 changes were made to final design, allowing the trains to now carry up to 20% more passengers than currently used models. A major part of CRRC's commitment to cooperating with local industry players is through parts procurement, investment and employment. Over a number of years, CRRC has developed a reputation as being a locally-conscious international partner; this means including local manufacturing as an integral part of the supply chain. For the HCMT project, 60% of the spending was on local parts procurement, design, manufacturing and sourcing. Also, for 2015 established subsidiary Pacific Railway Engineering Pty Ltd (PRE), over 50% of stock components and services are supplied by local Australian partners. This cooperative focus is fundamental to CRRC's business vision as Chairman Liu Hualong notes in the report: "By actively engaging with our partners in Australia, we have been able to jointly build a community of shared interests. Our aim is to build long-term strategic partnerships with local companies and help their businesses go global by providing high-end products and services. We fully integrate in the industry supply chain to help local suppliers grow as well as promote the rail industry in Australia in general." Local Australian giant and the world's largest mining company, BHP is one of CRRC's major local partnerships with over 20 years of cooperating together. The two specialized organizations' mutually beneficial relationship is in part due to their shared vision of connecting the world; for BHP this is connecting people and resources, for CRRC it is providing the infrastructure to allow greater mobility. The relationship in Australia has been marked by collaboration in R&D projects for long-life products, the filling of enormous and urgent requests (587 ore wagons delivered in 5 months) and a joint completion ceremony celebrating BHP's 4,000th ore wagon. Adding to stories of local cooperation, in 2016 CRRC's SDA1 locomotive proved successful in managing 'devil's corner' for Australian rail freight partner Pacific National. The 8,500km stretch of land with 75% of the track reaching up to a 25% gradient and an s-bend curvature between Hawkesbury River and Cowan Bank in New South Wales, required a specialized high-power locomotive. The SDA1 is capable of towing more than 8,000 tonnes at a maximum speed of 120km/h and was later commended by Pacific National as providing high-quality and efficient delivery. For more information about latest news of CRRC to work with its partners in Australia, please visit http://www.crrcgc.cc/en About CRRC CRRC (China Railway Rolling Stock Corporation) is one of the world's largest rail transportation equipment companies, with annual sales revenue of RMB 229.01 billion in 2019. The CRRC provides products and services to more than 100 countries and regions, and has established 15 international R&D centres. The CRRC has also set up local manufacturing bases in the US, Australia, South Africa, Malaysia, Turkey and India etc. By 2019, CRRC was ranked 359th in the list of Global Fortune 500 Companies.Related Links :http://www.crrcgc.cc/en
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GAC MOTOR's highly popular GS5 and GN6 is officially released in Saudi Arabia
RIYADH, Saudi Arabia, July 3, 2020 /PRNewswire/ -- On June 25, 2020, GAC MOTOR unveiled the fully upgraded GS5 & GN6 in an extraordinary "online press conference" in Saudi Arabia, and a live worldwide broadcast through YouTube and other social media platforms like AAC-APP, with an estimated 550,000 online viewers. The new-generation SUV GS5 will be available in two versions, as will the GN6. Both these models have undergone rigorous localization testing to meet the diverse needs of local consumers. Following the press conference, buyers will enjoy a mystery gift as well as other benefits, to find out more you can check the official website. GAC MOTOR hopes that these preferential policies will enhance the experiences that the GS5 and GN6 will bring for their owners. A new generation SUV, redefining the driving experience In response to the unique climate environment and harsh desert terrain of Saudi Arabia, GAC MOTOR has introduced the new generation of a reengineered GS5 to this market to fulfill the daily travel needs of local residents while providing intimate and efficient driving protection for users. GS5's unique light and shadow aesthetic design concept was implemented to reflect light when in motion and showcases the perfect balance between finesse and power. GS5 is equipped with the third-generation TI POWER engine, with a capacity of 166 horsepower and maximum torque of 265N·m. Equipped with the latest generation of Aisin 6-speed automatic transmission, it is powerful, energy efficient, and environmentally friendly all in one package. The ace chassis is adjusted to the shortest braking distance of 34.77 meters, comparable to a similar-level sports car. Driving the GS5 can bring not only a new perspective and passion, but also the ultimate experience of shocking the senses; full firepower utilized to the maximum of providing the ultimate driving experience. An all-star, all-rounded MPV; enjoy unlimited possibilities GN6 is designed for a "pragmatic and enterprising, happy family who enjoys life to its fullest". While taking care of their careers, they also look forward to taking care of their families and enjoying life. A colorful life requires an all-round partner. GN6's innovations in many aspects have superseded the limitations of the model: the appearance is sharp, the space is wide and can be flexibly changed, and smart integrated technology brings a full-featured driving experience. To enjoy unlimited experiences is to let your imagination run free. The GN6 creates a large and spacious space, taking into account the space requirements of the second and third row passengers, it also has an ultra-wide passage of 190mm for easy access. There is also a 1100L oversized trunk, which can easily meet the needs of long-distance travel. Under the charming appearance, the GN6 is wrapped in a super-safe, super-secure frame complemented with first class safety features. The GN6 passed the strict 2018C-NCAP super five-star standard with flying colors. Coupled with the high-strength steel that covers up to 95% of the car, it is also equipped with six airbags, single pretension and locking tongue seat belts which makes the GN6 one of the safest vehicles out there on the road. Enriching selection and choice through excellent quality and amazing travels Saudi Arabia is China's largest economic and trade partner in the Middle East and the largest vehicle import market as well. Since entering the Middle East market in September 2013, GAC MOTOR has become one of the most popular Chinese brands among Middle Eastern consumers with its excellent quality and strength. Now, with the entrance of the GS5 and GN6 in Saudi Arabia, GAC MOTOR will build a bridge and bond for the people of China and Saudi Arabia to deepen understanding and seek business opportunities through high-quality automotive products and world-class services. It also laid the foundation for further launching newer models in the future and maximizing the choices of Saudi consumers. Today, with the listing of GS5 & GN6, GAC MOTOR will expand the choice of cars for Saudi consumers through high-quality automotive products and excellent customer services and further enhance its industrial networks in the Middle East. The company is now present in 26 countries in the world's five major regions. In the future, GAC MOTOR believes in the development path of "dual-track advancement and global coverage", with the goal of "world-class brand and global enterprise", create a world-influential Chinese brand image, and continue to create a unforgettable mobile life for global consumers.
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CRRC Releases Its 2019 Australia Sustainability Report
The rail transport equipment company continues its commitment to sustainability to cultivate win-win opportunities and unlock long-term economic valueSYDNEY, July 3, 2020 /PRNewswire/ -- China Railway Rolling Stock Corporation (CRRC, 1766.HK), one of the world's largest rail transportation equipment companies, has released its 2019 Australia Sustainability Report. In a comprehensive overview of its key CSR priorities and initiatives, the report highlights the company's unwavering focus on professional development, improving green standards for its operations and manufacturing, and driving social and community development. "We actively aim to protect the environment and strictly abide by Australian environmental policies and related regulations," said Liu Hualong, Chairman of CRRC. "As a corporation, we attach significant importance to research and development, focusing on eco-friendly materials and the reduction of energy consumption and greenhouse gas emissions. As a result, we are providing eco-friendly solutions for customers and low-carbon travel for passengers in Australia." Committed to long-term partnerships In the report, CRRC emphasized its commitment to cultivating fruitful, long-term relationships with local companies. Leveraging its experience in technology, management, operations, and services, CRRC is engaging Australian partners to uncover win-win opportunities and provide efficient, low-cost transportation solutions. One such example is its subsidiary Delkor, the Australian rolling stock spare and accessory parts manufacturing company. While CRRC acquired Delkor in 2011, the latter has nonetheless maintained its independence in business management. Meanwhile, CRRC provides all-rounded support for pricing, quality control, supply, and communications. Support for career development and occupational health & safety prevention In full recognition of the importance of career support, CRRC Australia member companies offer employees advanced training, to nurture talent and encourage professional mobility. This includes seminars on leadership, project management, and quality management. CRRC also understands the importance of equal employment. Along with partners Downer and Plenary, CRRC cooperated with the Victorian government on the HCMT rail transit infrastructure project in Melbourne, which will create 1,100 jobs. 15% of which are allocated for trainees and 7% for disadvantaged groups. Green operations To reduce energy consumption and emissions, CRRC continuously utilizes new technologies, processes, equipment, and materials, with the goal of achieving clean production. It treats all potential environmental contaminants, such as industrial wastewater and gas, in compliance with relevant regulations and standards. Energy efficiency is also a key priority, as seen at the CTEA's Morwell plant. Designed to ensure efficient material transport and energy use, the plant is equipped with advanced production facilities that improves product quality while lowering energy consumption. The plant, itself, has also been optimized, maximizing use of natural light and ensuring a comfortable temperature throughout building design and layout. Community development CRRC seeks to play an active role in the local community. In 2018, it supported the global Pink Ribbon campaign against breast cancer by delivering a batch of trains to Australian customers decorated with the campaign's signature pink hue, to raise broad awareness of breast cancer prevention. Moving forward, CRRC will continue to play a socially minded role to help forge a prosperous future with its local Australian partners. For more information about CRRC, please visit http://www.crrcgc.cc/en *** About CRRC CRRC (China Railway Rolling Stock Corporation), one of the world's largest rail transportation equipment companies with sales revenues of RMB 229.01 billion in 2019, has provided products and services to more than 100 countries and regions. CRRC has established 15 international R&D centers and set up local manufacturing bases in the US, Australia, South Africa, Malaysia, Turkey, and India. In 2019, CRRC ranked 359th on the Fortune Global 500 list. Related Links :http://www.crrcgc.cc/en
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Porsche pursues first win of the season at IMSA restart
After a five-month hiatus, the IMSA WeatherTech SportsCar Championship revs up again on 4th July. After the postponement of races due to the coronavirus pandemic, the 2020 season gets underway again with another race at Daytona (USA). At the season-opening round at the Florida venue, Porsche fielded a pair of new 911 RSR at its North America debut and secured two podium spots. While the first race of the season traditionally runs over 24 hours, the second race takes just two hours and 40 minutes. In addition to the two factory cars in the GTLM class, the Wright Motorsports customer squad will field a Porsche 911 GT3 R in the GTD category. The race For round two of the 2020 season, the International Motor Sports Association (IMSA) management has put together comprehensive measures to protect the health of all involved. The number of personnel per car is limited to 15, strict paddock rules apply, wearing a face mask outside the cockpit is mandatory at all times and regular temperature checks are required over the race weekend. The event, dubbed “240 at Daytona”, is shorter than previous rounds, and is over just two days. Free practice is held on Friday (3 July), with staggered practices, the qualifying and race held on Saturday. The Porsche GT Team faces a major challenge in finding an optimal setup for the two 911 RSR within a short timeframe and with reduced personnel. Opened in 1959, the Daytona International Raceway in Florida differs from other circuits, most notably by its banked turns: The angle of the banking in the oval passage of the 5.73-kilometre racetrack is 31 degrees. This requires a special vehicle setup. The Porsche GT Team drivers Works drivers Earl Bamber (New Zealand) and Laurens Vanthoor (Belgium) share driving duties in the No. 912 Porsche 911 RSR. At the opening round of the season at Daytona, the reigning GTLM-class champions secured second place with Frenchman Mathieu Jaminet. Briton Nick Tandy and Frédéric Makowiecki from France share the cockpit of the No. 911 sister car. Supported by Matt Campbell (Australia) at the 24-hour race in late January, they finished on third place. Porsche currently ranks second overall. In order to step closer to defending the title, the successful factory squad has now set its sights on claiming the first victory of the season. Customer team The seasoned customer team Wright Motorsports fields a 500+hp Porsche 911 GT3 R in the GTD class. At the wheel of the No. 16 vehicle, the American works driver Patrick Long joins forces with his compatriot Ryan Hardwick. At the season-opening round, the squad from the U.S. state of Ohio yielded fourth place in the GTD category. Live streaming of the race Round two of the IMSA WeatherTech SportsCar Championship season at Daytona takes off on Saturday, 4 July, at 6:10 p.m. local time (5 July, 12:10 a.m. CEST). The race over 2:40 hours can be viewed outside the USA and Canada on www.imsa.com. The schedule (local time, CEST: -6 hours) Friday, 3 July 6:15 - 7:15 p.m. – Free practice Saturday, 4 July 10:15 - 11:15 a.m. – Free practice 1:55 - 2:10 p.m. – Qualifying GTD 2:20 - 2:35 p.m. – Qualifying GTLM 2:45 - 3:00 p.m. – Qualifying DPi 6:10 - 8:50 p.m. – Race The Porsche 911 RSR The new Porsche 911 RSR (2019 model year) celebrated its debut in the IMSA SportsCar Championship at the 24 Hours of Daytona. The vehicle from Weissach, which produces around 515 hp depending on the air restrictor, is based on the high-performance 911 GT3 RS* road-going sports car. Compared to its extremely successful predecessor model, the car received improvements, most notably to areas such as driveability, efficiency, ergonomics and serviceability. About 95 percent of all components are new. The 911 RSR is powered by a 4.2-litre, six-cylinder boxer engine. This is the IMSA SportsCar Championship The IMSA SportsCar Championship was founded in the USA and Canada in 2013 after the merger of the American Le Mans Series and the Grand-Am Series. A year later the new sports car race series, which is organised by the International Motor Sports Association (IMSA), was contested for the first time. Sports prototypes and sports cars start in four different classes: GTLM (GT Le Mans), GTD (GT Daytona), Dpi (Daytona Prototype international) and LMP2 (Le Mans Prototype 2). The new Porsche 911 RSR is fielded in the GTLM class, and the Porsche 911 GT3 R contests the GTD class. The Porsche GT Team tackles the 2020 season in North America as the title defenders in the manufacturers’, drivers’ and team classifications. Comments prior to the race Pascal Zurlinden (Director Factory Motorsport): “First of all, I’d like to thank the IMSA management for making it possible to resume racing at the beginning of July. Huge collaboration with local authorities as well as manufacturers and teams was needed to get the green light for these upcoming events. We fully support the protocols to protect the health of everyone involved. We’re tackling the next races with the clear goal to defend our GTLM titles this season. With this in mind, we’re hoping that, when we return to Florida after our successful start at Daytona in January, we’ll bring home our first victory in the USA with the new 911 RSR.” Steffen Höllwarth (Head of Operations IMSA Championship): “The excitement of returning to Daytona is huge. At the first outing with the two new Porsche 911 RSR we achieved two podium results. Now we aim to build on this. Although we’re returning to the same venue, the conditions will be completely different compared to January. The race is a sprint. We have to be prepared for very high temperatures in Florida in July, but short and heavy downpours can also happen at this time of the year. The reduced number of personnel and the shortened race weekend to two days play a major role. We have to prepare ourselves as best we can by the start of the first practice session. That means, we have to do our homework meticulously in the days leading up to the event.” Nick Tandy (Porsche 911 RSR #911): “It’s great to contest a second race at Daytona – although it feels strange travelling all that way for a sprint over two hours and 40 minutes. At Daytona, we’re used to competing twice around the clock. I think that this shorter race will have a very different nature. No one will be overly risk-averse, no one will wait and hope for one last caution phase. It’s flat-out from start to finish. For me personally, the best thing is that we’re able to return to real competition at all. It’s a hugely important step that I’ve been looking forward to for weeks.” Frédéric Makowiecki (Porsche 911 RSR #911): “The long wait is finally over and we’re back competing again – with real cars on real racetracks. We’re returning to Daytona feeling positive. After the double podium result for Porsche at the 24-hour race in January, there can be only one goal: class victory. Our package is definitely very good. After the long break due to the coronavirus pandemic, we’re heading to our next mission at Daytona feeling highly motivated and ready for an all-out attack.” Earl Bamber (Porsche 911 RSR #912): “The anticipation for the next race is massive. I’d like to take this opportunity to thank IMSA, Porsche and all the other manufacturers. It has taken good and consistent collaboration to make it possible for us to go racing again. We head back to Daytona, but we’ll face very different conditions compared to the start of the season in January. The weather will certainly be different. What’s more, the race over less than three hours is totally different to one over 24 hours. It’s going to be a sprint race the likes of which we’ve never experienced at Daytona.” Laurens Vanthoor (Porsche 911 RSR #912): “We’re all very excited – not only for the next outing in the 911 RSR but also for the special procedures in the upcoming races. The character of the event will differ from all previous races. There’ll be very few spectators at the track. Each team has only a limited number of people working at the racetrack. And there is significantly less track-time to find a suitable setup for the car. There are a lot of question marks, but one thing is certain: the incredible joy of finally returning to racing in the USA and continuing our title defence mission.”
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Hyundai Mobis Accelerate Mobility Technologies Investing in Overseas VC Funds
- Investing $20 million in 2 Silicon Valley tech funds…fostering future mobility startups in the mid-to-long term- Concentrating on R&D amid rapidly changing business environment…expanding research areas to include next-generation sensors, biometrics and robotics SEOUL, South Korea, July 2, 2020 /PRNewswire/ -- Hyundai Mobis(KRX:012330), which has been devoted to securing future car technologies by developing proprietary technologies and investing directly in global leaders, is diversifying its investment strategies by investing in global venture funds, etc. Hyundai Mobis announced on the 2nd that it would invest a total of $20 million in 'ACVC Partners' and 'MOTUS Ventures,' US tech funds in Silicon Valley. This decision was made with the aim of securing future mobility technologies and growth engines in various ways to help contend with the rapidly changing business environment. By so doing, Hyundai Mobis will be able to preemptively secure global allies necessary for its strategies represented by autonomous driving, electrification and connectivity. Until now, Hyundai Mobis has been investing KRW 1 trillion each year as R&D expenditures, and concentrating on securing proprietary technologies with the Technical Center of Korea and four global R&D centers playing the central role. The company succeeded in developing the radar sensor, which used to depend entirely on imports, with its own technology in 2018, and independently secured the camera systems for commercial vehicles and the in-cabin sensing technology. Additionally, Hyundai Mobis has been engaging in direct investments in leading companies at home and abroad. Back in 2018, the company invested in StradVision (Korea), a deep-learning-based camera sensor maker. Last year, it invested $50 million in Velodyne, a global leader in lidar technology, and directly invested in the joint venture between Hyundai Motor Group and Aptiv. Following its development of independent technologies and investments in leading companies, Hyundai Mobis invested in global startups, diversifying its investment strategies. The company is planning to foster global startups, which have strengths in future mobility technologies and leverage various collaboration opportunities as part of its mid-to-long-term R&D strategies. Most of the startups, discovered by 'ACVC Partners' and 'MOTUS Ventures' in which Hyundai Mobis invested, are North American startups specializing in next-generation sensors, biometrics and robotics, etc. They are considered promising technologies in the future mobility market. These tech funds are deemed to have a good eye for discovering the promising technologies of university research labs and research institutes in their early stages, and they provide support to create synergies with investors. Hyundai Mobis is trying to create an ecosystem for collaboration with startups from their initial stages. This year, the company is planning to increase the number of successful case studies in investment and collaboration by discovering promising startups in other regions of the world, including Europe. About Hyundai Mobis Hyundai Mobis is the 7th largest leading automotive supplier. Founded in 1977 and is headquartered in Seoul, South Korea, Hyundai Mobis is to become a lifelong technology partner for vehicles and people. It is excellent in sensors, sensor fusion in controllers and software design capabilities in safety control. As Hyundai Mobis internalized all core auto component technologies, it has various product groups in ADAS based on its state-of-the-art technologies which combined sensors and these technologies. Its products also include core modules (chassis, cockpit and front-end), brakes, suspension, steering, airbags, lights and automotive electronics. Mobis currently has more than 30,000 employees and has been manufacturing in more than 30 regions in 10 countries including South Korea, China, Germany, India and the United States. In addition to its R&D headquarters in South Korea, Mobis has 4 technology centers in Germany, China, India and the United States. Media Contacts Hyundai Mobis PR, Hanbyul Kim, khb@mobis.co.kr
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Veoneer and Volvo Cars Finalize Split of Software Joint Venture Zenuity
STOCKHOLM, July 2, 2020 /PRNewswire/ -- The automotive technology company, Veoneer, Inc. (NYSE: VNE and SSE: VNE SDB), has finalized the split of Zenuity, its software and ADAS joint venture with Volvo Cars. As part of the split, Veoneer received IP licenses and strengthened its software and systems team with around 200 software engineers joining the Company. On April 2, Veoneer and Volvo Cars announced a preliminary agreement to split the software joint venture Zenuity in order for each company to more effectively drive their respective strategies. The parties entered into definitive agreements on July 1. As part of the split, Veoneer received IP licenses and added around 200 software engineers, located in Germany, the US and Sweden, which strengthens its software and systems team focused on the development and commercialization of advanced driver assistance system (ADAS) software for collaborative driving. As announced earlier, Veoneer expects to achieve annual savings of around $30 - $40 million as a result of the split. As part of the transaction, Veoneer receives cash of around $15 million. "During the next decade, more than 90% of our available market will be for advanced driver assistance systems and collaborative driving. I would like to give a warm welcome to the talented people that are now joining us, they will be key contributors in our pursuit for leadership in the growing ADAS market", says Jan Carlson, Chairman, President & CEO, of Veoneer. For more information please contact:Thomas Jonsson, EVP Communications & IR, tel +46 (0)8 527-762-27Ray Pekar, VP Investor Relations, tel +1 (248) 794-4537 Veoneer, Inc. is a worldwide leader in automotive technology. Our purpose is to create trust in mobility. We design, manufacture and sell state-of-the-art software, hardware and systems for occupant protection, advanced driving assistance systems, and collaborative and automated driving to OEMs globally. Headquartered in Stockholm, Sweden, Veoneer has 7,600 employees in 13 countries. In 2019, sales amounted to $1.9 billion. The Company is building on a heritage of close to 70 years of automotive safety development. In 2018, Veoneer became an independent, publicly traded company listed on the New York Stock Exchange (NYSE: VNE) and on the Nasdaq Stockholm (SSE: VNE SDB). Safe Harbor Statement: This release 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 Veoneer, 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/or 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 forward-looking statements in light of new information or future events, except as required by law. This information was brought to you by Cision http://news.cision.com https://news.cision.com/veoneer/r/veoneer-and-volvo-cars-finalize-split-of-software-joint-venture-zenuity,c3146864 The following files are available for download: https://mb.cision.com/Main/17380/3146864/1273222.pdf Press release (PDF)
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Lear Recognized by General Motors as 2019 Supplier of the Year Winner
SOUTHFIELD, Mich., July 2, 2020 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, was named a GM Supplier of the Year by General Motors during a virtual ceremony honoring the recipients of the company's 28th annual Supplier of the Year awards on Wednesday, June 24, 2020. During the event, GM recognized 116 of its best suppliers from 15 countries that have consistently exceeded GM's expectations, created outstanding value or introduced innovations to the company. The awards ceremony was originally scheduled as a live-event to be held in March but was postponed due to the impact of the COVID-19 pandemic. The recognition is for supplier performance in the 2019 calendar year. This is the 19th time Lear has been named a GM Supplier of the Year. As a winner in 2019, Lear's Seating division exceeded GM's targets for business performance and cultural priority metrics. "Our suppliers play a key role in delivering the products, services and experiences our customers deserve -- and these award-winning suppliers went above and beyond our expectations," said Shilpan Amin, GM vice president, Global Purchasing and Supply Chain. "We also believe it's important at this point in time to thank our entire supply base for their efforts the last few months to mitigate the impacts of COVID-19," added Amin. "Not only have we been able to safely restart our manufacturing operations, our suppliers played a key role in assisting our initiatives to increase the supply of ventilators and personal protection equipment (PPE) for frontline health care workers to help save lives and keep communities safe." The Supplier of the Year award winners were chosen by a global team of GM purchasing, engineering, quality, manufacturing and logistics executives. Winners were selected based on performance criteria in Product Purchasing, Global Purchasing and Manufacturing Services, Customer Care and Aftersales, and Logistics. "As a company focused on exceeding our customers' expectations, being chosen for this prestigious award from General Motors demonstrates our team's inventive and results-focused culture," said Ray Scott, Lear's President and CEO. "Winning 19 times overall, including the last three years consecutively, is a great accomplishment, and I would like to thank Lear's Seating team for their hard work and dedication to Making every drive better™ for our customers." About Lear Corporation Lear, a global automotive technology leader in Seating and E-Systems, enables superior in-vehicle experiences for consumers around the world. Our diverse team of talented employees in 39 countries is driven by a commitment to innovation, operational excellence, and sustainability. Lear is Making every drive better™ by providing the technology for safer, smarter, and more comfortable journeys. Lear, headquartered in Southfield, Michigan, serves every major automaker in the world and ranks 166 on the Fortune 500. General Motors (NYSE: GM) is a global company committed to delivering safer, better and more sustainable ways for people to get around. General Motors, its subsidiaries and its joint venture entities, sell vehicles under the Chevrolet, Buick, GMC, Cadillac, Holden, Baojun and Wuling brands. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety and security services, can be found at http://www.gm.com.
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LED High-beam Technology is the Future of Automotive Headlights in Europe
In the European lighting components aftermarket, halogen lamps are gradually being replaced as LED components yield growth, finds Frost & Sullivan SANTA CLARA, California, July 1, 2020 /PRNewswire/ -- Frost & Sullivan's recent analysis, Growth Opportunity Evaluation in the European Lighting Components Aftermarket, 2020–2026, finds that the market is in a slow transition phase, shifting from traditional halogen lamps to Xenon and light-emitting diode (LED) components, as Xenon/LED lights have better visibility and product life. The market is primarily driven by an increase in vehicles in operation (VIO), which is expected to rise from 306 million in 2020 to 335.9 million in 2026, growing at a compound annual growth rate (CAGR) of 1.6% by 2026 across the region. However, amid post-COVID-19 industry recovery, the lighting components aftermarket is expected to witness minimal short-term growth. For further information on this analysis, please visit: http://frost.ly/45y "The European Union's directive requires all passenger cars to be equipped with automated headlights/daytime running light. This is boosting the replacement rates in the aftermarket," said Guruswamy Veligandla, Mobility Research Analyst at Frost & Sullivan. "Additionally, poor battery performance and shortage in the electric wiring system in the car lead to the damage of lighting components, driving the upgrade of lighting components. "Going forward, European lighting components will be equipped with connected and artificial intelligence (AI)-based technologies for the premium and luxurious vehicle segments. Further, LASER/LED high-beam technology will be the future of automotive headlights in the European region as high-beam technology has a better light range than LED." The European lighting components aftermarket will present growth opportunities for market participants, including: Lighting components suppliers need to ensure comprehensive product coverage and availability with major wholesalers and retailers across the region, as well as provide quick and on-time service to customers to help customer retention. Focus is on interior lighting, as new-generation vehicles come equipped with additional interior lighting components, such as LED ambient lighting, LED cabin lighting, and improved dashboard lighting in both original equipment and retro fitments. Approximately 4% of the lighting components were sold through the eCommerce channel in 2019, which is forecast to substantially grow. Suppliers should focus on eRetail platforms to expand. VIO is forecast to grow at a CAGR of 2.4% in the United Kingdom and 1.5% in Germany until 2026—higher than other countries. This will trigger high growth for the lighting components aftermarket in these two countries. Growth Opportunity Evaluation in the European Lighting Components Aftermarket, 2020–2026 is the latest addition to Frost & Sullivan's Mobility research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future. About Frost & Sullivan For over five decades, Frost & Sullivan has become 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. Growth Opportunity Evaluation in the European Lighting Components Aftermarket, 2020–2026ME73-18 Media Contact:Srihari DaivanayagamCorporate Communications M: +91 9742676194; P: +91 44 6681 4412E: srihari.daivanayagam@frost.com http://ww2.frost.comRelated Links :http://www.frost.com
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GAC MOTOR's GS5 and GN6 to be launched in Saudi Arabia, Expanding Its Presence in Middle East
RIYADH, Saudi Arabia, July 1, 2020 /PRNewswire/ -- GAC MOTOR is set to launch its two highly anticipanted models, the GS5 and the GN6, in Saudi Arabia on June 25th. The GS5, a luxury SUV, has attracted much attention for its smooth handling and superior power. As a versatile MPV, GN6's large and flexible interior has been shown to meet the diverse travel needs of many families. Since its debut in Paris in 2018, the GS5 has been highly praised by drivers for its outstanding appearance and performance. The model is sold in markets across Asia, South America, the Middle East and Africa. The latest GS5, now available in Saudi Arabia, comes equipped with the third generation 270T engine and the latest generation Aisin 6-speed manual-automatic gearbox, bringing the handling and power to a higher level. As a luxury SUV, the GS5 adapts well to all kinds of terrain while the vehicle's seven driving modes allow for maneuvering in every type of driving environment, from city to desert, over mountains terrain and across snow-laden landscapes, without compromising the driving experience. At the same time, the car comes installed with Denso dual-temperature automatic air conditioning, allowing for the maintennace of a comfortable enviroment within the vehicle even when outdoor temperature is abnormally high. The family-friendly GN6 breaks away from the bulky, single shape design of the traditional MPV, adopting a stylish and dynamic appearance which adds a youthful and sporty atmosphere. As a family vehicle, when it comes to the user of the interior space, the GN6 offers flexibility that caters for the different needs of each family member no matter whether it is in a weekend outing or a shopping trip. With the Middle East as one of its key strategic markets, GAC MOTOR continues its commiment to the market, bringing more models with localized features to consumers of the region. With the introduction of the GS5 and GN6, GAC MOTOR will have a wider product range for sale in Saudi Arabia. GAC MOTOR is an independent company under the GAC Group, which is known for its highly integrated supply chain networks. The Group was ranked 189 among the Fortune Global 500 enterprises in 2019. Its joint venture brands collectively produce vehicles for many reowned brands and enjoy a high market share in the global automobile market. For more information, please visit: Website: http://www.gac-motor.com/ Saudi Website: https://en.gacmotorsaudi.com/ Facebook: https://www.facebook.com/GACMotor Instagram: https://www.instagram.com/gac_motor Twitter: https://www.twitter.com/gac_motor YouTube: http://www.youtube.com/c/GACMotorOfficial
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INEOS Automotive Reveals the Design of Its Upcoming 4x4, the Grenadier
- "Form follows function" in an engineering-led design process focused on delivering a vehicle to do a job - Development programme moving forward, with prototype testing now on the march towards accumulating 1.8 million kilometres on and off-road over the coming year - Created to fulfil the vision of adventurer and INEOS Group Chairman, Sir Jim Ratcliffe, the Grenadier will be a capable, durable and reliable 4x4 designed and built to handle the world's harshest environments - #GrenadierUnwrapped LONDON, July 1, 2020 /PRNewswire/ -- INEOS Automotive today reveals the exterior design of the Grenadier, its forthcoming, no-nonsense 4x4 vehicle for the world, another step on the road towards start of production. INEOS Automotive today reveals the exterior design of the Grenadier, its forthcoming, no-nonsense 4x4 vehicle for the world. Built from the ground up on an all-new platform, the INEOS Grenadier has been designed on purpose: namely to meet the demands of its future owners for a rugged, capable and comfortable go-anywhere working vehicle. "The brief was simple. We set out to design a modern, functional and highly capable 4x4 vehicle with utility at its core," said Toby Ecuyer, Head of Design. "A design that is 'easy-to-read,' with no ambiguity about the Grenadier's role in life. There to do everything you need, and nothing you don't. Nothing is for show. Modern engineering and production techniques ensure the Grenadier is highly capable, but we have been able to stay true to the essence of creating a utilitarian vehicle that will stand the test of time." Dirk Heilmann, INEOS Automotive's CEO, said: "We are delighted to be able to share the design of the Grenadier so early in the process. Most manufacturers would hold back, but we are a new business, building a new brand, and we want to take people with us on this exciting journey. "Showing the design now allows us to focus on the critical next phase of the vehicle's development, testing its capability and durability. We have a very challenging programme ahead, as we put prototypes through their paces in all conditions, on the way to accumulating some 1.8 million test kilometres over the coming year. From today the covers are off. Testing 'in plain sight' without the need for camouflage wrapping, foam blocks or fake panels is an added benefit." Sir Jim Ratcliffe, Chairman of INEOS, said: "The Grenadier project started by identifying a gap in the market, abandoned by a number of manufacturers, for a utilitarian off-road vehicle. This gave us our engineering blueprint for a capable, durable and reliable 4x4 built to handle the world's harshest environments. But it had to look the part as well. As you will see today, Toby and his team have done a great job in delivering a design that is both distinctive and purposeful." About INEOS Grenadier In 2017, INEOS Chairman, Sir Jim Ratcliffe, a car enthusiast and experienced adventurer, identified a gap in the market for a stripped back, utilitarian, hard-working 4x4 engineered for modern day compliance and reliability. INEOS Automotive Limited was formed and a senior team of automotive professionals assembled to bring the vision to reality. Combining rugged British spirit with German engineering rigour, the Grenadier will be a truly uncompromising 4x4 built from the ground up. Engineered to overcome all conditions, it will provide best-in-class off-road capability, durability and reliability to those who depend on a vehicle as a working tool, wherever they are in the world. On the engineering front, we are now in the series development phase, supported by our engineering partner Magna Steyr, with prototype testing under way. The INEOS Grenadier will go into production in late 2021. INEOS Automotive is a subsidiary of INEOS Group (www.ineos.com), a leading manufacturer of petrochemicals, speciality chemicals and oil products. It employs 23,000 people across 34 businesses, with a production network spanning 183 manufacturing facilities in 26 countries. From paints to plastics, textiles to technology, medicines to mobile phones, materials manufactured by INEOS enhance almost every aspect of modern life. In 2019, INEOS had sales of circa $61bn. To find out more about Grenadier, visit www.ineosgrenadier.com. For media assets and information, please visit: https://ineosgrenadier.com/media. Photo - https://mma.prnasia.com/media2/1198840/ineos_automotive_grenadier.jpg?p=medium600 Logo - https://mma.prnasia.com/media2/1198841/INEOS_Automotive_Logo.jpg?p=medium600 PDF - https://mma.prnewswire.com/media/1198839/INEOS_Automotive_PDF_English.pdf Related Links :https://ineosgrenadier.com
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Announcement of Change in the Total Number of Votes in AB SKF
GOTHENBURG, Sweden, June 30, 2020 /PRNewswire/ -- Due to a conversion of shares from Series A to Series B in accordance with AB SKF's Articles of Association, the Company confirms the following. As per 30 June, the Company's share capital amounts to SEK 1,138,377,670 and the total number of shares amounts to 32,256,712 shares of Series A and 423,094,356 shares of Series B. The number of votes in the Company amounts to 74,566,148. AB SKF does not hold any own shares. Aktiebolaget SKF (publ) This is information that AB SKF is obliged to make public pursuant to the Financial Instruments Trading Act. The information was submitted for publication at 12:00 CET on 30 June 2020. SKF's mission is to be the undisputed leader in the bearing business. SKF offers solutions around the rotating shaft, including bearings, seals, lubrication, condition monitoring and maintenance services. SKF is represented in more than 130 countries and has around 17,000 distributor locations worldwide. Annual sales in 2019 were SEK 86 013 million and the number of employees was 43,360. www.skf.com ® SKF is a registered trademark of the SKF Group.For further information, please contact:PRESS: Theo Kjellberg, Director, Press Relations tel: +46-31-337-6576, mobile: +46-725-776576, e-mail: theo.kjellberg@skf.com INVESTOR RELATIONS: Patrik Stenberg, Head of Investor RelationsPatrik Stenberg, +46-31-337-2104; +46-705-472 104; patrik.stenberg@skf.com This information was brought to you by Cision http://news.cision.com https://news.cision.com/skf/r/announcement-of-change-in-the-total-number-of-votes-in-ab-skf,c3140304 The following files are available for download: https://mb.cision.com/Main/637/3140304/1271388.pdf Release
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Veoneer Recognized by General Motors as a 2019 Supplier of the Year Winner
STOCKHOLM, June 30, 2020 /PRNewswire/ -- The automotive technology company Veoneer, Inc. (NYSE: VNE) (SSE: VNE SDB), was named a GM Supplier of the Year by General Motors during a virtual ceremony honoring the recipients of the company's 28th annual Supplier of the Year awards on Wednesday, June 24, 2020. During the event, GM recognized 116 of its best suppliers from 15 countries that have consistently exceeded GM's expectations, created outstanding value or introduced innovations to the company. The awards ceremony was originally scheduled as a live-event to be held in March but was postponed due to the impact of the COVID-19 pandemic. The recognition is for supplier performance in the 2019 calendar year. This is the 2nd time Veoneer has received the award. Veoneer, is a spin off from Autoliv, a pioneer in automotive safety for 67 years. "Our suppliers play a key role in delivering the products, services and experiences our customers deserve - and these award-winning suppliers went above and beyond our expectations," said Shilpan Amin, GM vice president, Global Purchasing and Supply Chain. "We also believe it's important at this point in time to thank our entire supply base for their efforts the last few months to mitigate the impacts of COVID-19," added Amin. "Not only have we been able to safely restart our manufacturing operations, our suppliers played a key role in assisting our initiatives to increase the supply of ventilators and personal protection equipment (PPE) for frontline health care workers to help save lives and keep communities safe." The Supplier of the Year award winners were chosen by a global team of GM purchasing, engineering, quality, manufacturing and logistics executives. Winners were selected based on performance criteria in Product Purchasing, Global Purchasing and Manufacturing Services, Customer Care and Aftersales, and Logistics. "We are extremely honored to receive the 2019 General Motors Supplier of the Year Award for Electronic Modules," said Jan Carlson, Veoneer Chairman, President and CEO. "We are proud to be recognized by our longtime partner for our commitment to performance, quality and innovation and to support their mission to deliver new levels of safety and convenience to car drivers and occupants across the globe." Veoneer, Inc. is a worldwide leader in automotive technology. Our purpose is to create trust in mobility. We design, manufacture and sell state-of-the-art software, hardware and systems for occupant protection, advanced driving assistance systems, and collaborative and automated driving to OEMs globally. Headquartered in Stockholm, Sweden, Veoneer has 7,600 employees in 13 countries. In 2019, sales amounted to $1.9 billion. The Company is building on a heritage of close to 70 years of automotive safety development. In 2018, Veoneer became an independent, publicly traded company listed on the New York Stock Exchange (NYSE: VNE) and on the Nasdaq Stockholm (SSE: VNE SDB). General Motors (NYSE: GM) is a global company committed to delivering safer, better and more sustainable ways for people to get around. General Motors, its subsidiaries and its joint venture entities, sell vehicles under the Chevrolet, Buick, GMC, Cadillac, Holden, Baojun and Wuling brands. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety and security services, can be found at http://www.gm.com. For more information please contact: Thomas Joensson, EVP Communications & IR, tel +46 (0)8 527 762 27 Ray Pekar, VP Investor Relations, tel +1 (248) 794-4537 This information was brought to you by Cision http://news.cision.com https://news.cision.com/veoneer/r/veoneer-recognized-by-general-motors-as-a-2019-supplier-of-the-year-winner,c3144866
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SKF Announces Changes to Group Management
GOTHENBURG, Sweden, June 30, 2020 /PRNewswire/ -- Bernd Stephan, President, Automotive and Aerospace, has stepped down from his role in Group Management for health reasons. Responsibility for Automotive sales and the Aerospace business unit has been assumed on an interim basis by Alrik Danielson, President and CEO. Bernd will support Alrik on an advisory basis, until his retirement from SKF on 31 December 2020. Responsibility for Automotive manufacturing has been moved to Kent Viitanen, President, Bearing Operations. Alrik Danielson says: "I would like to thank Bernd for all that he has done for SKF during his more than 25 years of service. Bernd has been instrumental in developing many parts of the company and he will be missed." Aktiebolaget SKF (publ) For further information, please contact:PRESS: Theo Kjellberg, Director, Press Relations tel: 46 31 337 6576, mobile: 46 725-776576, e-mail: theo.kjellberg@skf.com INVESTOR RELATIONS: Patrik Stenberg, Head of Investor RelationsPatrik Stenberg, 46 31-337 2104; 46 705-472 104; patrik.stenberg@skf.com This information was brought to you by Cision http://news.cision.com https://news.cision.com/skf/r/skf-announces-changes-to-group-management,c3144017 The following files are available for download: https://mb.cision.com/Main/637/3144017/1271531.pdf Release
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AGC's Light Control Glass, "WONDERLITE (TM) Dx," Makes Worldwide Debut in Toyota's New Harrier
TOKYO, June 30, 2020 /PRNewswire/ -- AGC Inc. has announced its light control glass, "WONDERLITE (TM) Dx," has been adopted for the panoramic sunroof of Toyota's new Harrier, launched for sale on June 17, 2020. When used as vehicle exterior glass, this product boasts the world's fastest response (*1) time, enabling instantaneous control of light transmission. This marks the world's first-ever adoption (*1) of the product in a mass production vehicle. AGC's light control glass WONDERLITE (TM) Dx comprises a specialized film encapsulated between layers of interlayer in laminated automotive glass. By softening the sun's glare in dimmed mode (opaque state) and providing a wide sense of openness in transparent mode (clear state), the product realizes a vehicle interior that allows pleasant light to pour in from the panoramic sunroof whenever the user wishes. Logo: https://kyodonewsprwire.jp/img/202006170973-O1-J4ya4Do9 Image1: Dimmed mode (opaque state) (*2) https://kyodonewsprwire.jp/prwfile/release/M000303/202006170973/_prw_PI2fl_7S1299Bm.jpg Image2: Transparent mode (clear state) (*2) https://kyodonewsprwire.jp/prwfile/release/M000303/202006170973/_prw_PI3fl_R3c413jz.jpg Under its "AGC plus" management policy, the AGC Group has made a commitment to create products that add various pluses for stakeholders. Pluses for society include "safety," "security" and "comfort," while pluses for customers include "new value" and "functionality." AGC is dedicated to pursuing technological innovations that allow it to continue providing products that add new value and exceed customers' expectations. Notes: (*1): Based on AGC research. (*2): Photos do not represent the panoramic sunroof of the new Harrier model. REFERENCE Technical Overview of Light Control Glass "WONDERLITE (TM) Dx" -Structure Image3: https://kyodonewsprwire.jp/img/202006170973-O4-de68Lr14 Light control glass is composed of a specialized film (*3) encapsulated between layers of interlayer in laminated automotive glass. The film contained within is packed with a special material too small to be perceived by the naked eye. Around 99% of ultraviolet rays are blocked in both transparent and dimmed mode (*4). Notes: (*3): Special film made by Kyusyu Nanotec Optics Co., Ltd. (*4): Based on ISO9050 standards -Mechanism Voltage is used to control distribution and orientation of the special material in the film encapsulated between layers of interlayer in laminated automotive glass, enabling instantaneous switching between transparent mode and dimmed mode. Image4: Dimmed mode (opaque state, when switched off) https://kyodonewsprwire.jp/prwfile/release/M000303/202006170973/_prw_PI5lg_K8AH6A7f.jpg Image5: Transparent mode (clear state, when switched on) https://kyodonewsprwire.jp/prwfile/release/M000303/202006170973/_prw_PI6lg_2hMe5nbf.jpg
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Locus Listed as a Representative Vendor in Gartner's Market Guide for Vehicle Routing and Scheduling
The Company was recognized as a Representative Vendor in the 2020 report WILMINGTON, Delaware, June 29, 2020 /PRNewswire/ -- Locus, a global B2B SaaS company that automates human decisions in the supply chain, today announced that it has been identified as a Representative Vendor in the Gartner 'Market Guide for Vehicle Routing and Scheduling' report1. Gartner is a leading research and advisory company. The report gives an overview of the Vehicle Routing and Scheduling market and lists vendors. "Vehicle routing and scheduling (VRS) applications are evolving into solutions in which the routing algorithm is almost becoming a secondary feature. There is an increased focus on new technologies, such as machine learning (ML) and artificial intelligence (AI), and on functions such as last-mile fulfillment and customer experience," says the report. The Locus platform uses deep machine learning and proprietary algorithms to offer smart logistics solutions like route optimization, real-time tracking, insights and analytics, beat optimization, efficient warehouse management, vehicle allocation and utilization. Locus also helps companies optimize their end-to-end supply chain network with its strategic consulting offering. Locus presently works with top clients across Southeast Asia, North America, Europe, and India. It has offices in the USA, India, Indonesia, and Vietnam. The top management of the company includes executives from Amazon Web Services (AWS), Barclays Capital, Google, and BlueDart (a DHL company), and data scientists with PhDs from Carnegie Mellon University and the University of Illinois, among others. "We believe being named by Gartner Market Guide for Vehicle Routing and Scheduling as a Representative Vendor reinforces the value we add to our customers. Supply chains have become increasingly complex these days. On top of it, COVID-19 has made life tougher and exposed the lack of collaboration, coordination, and visibility in the supply chain. Locus' solutions help streamline supply chain operations, thereby bringing supply chain to the forefront of businesses," said Nishith Rastogi, Chief Executive Officer, Locus. Locus has achieved a peak of 2 million+ orders processed in a day (200,000 orders an hour). The company's solutions are now tried and tested on over 500 million+ order deliveries, and its operations have expanded to 1000+ cities across the globe. The company has so far raised $29 million from tier-1 investors including Tiger Global, Falcon Edge, Blume Ventures, Exfinity Venture Partners & growX ventures. Gartner subscribers can log in to read the full research on the website. 1Gartner, "Market Guide for Vehicle Routing and Scheduling," Oscar Sanchez Duran, Bart De Muynck, 23 June 2020. Gartner Disclaimer Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. About Locus: Locus is a deep-tech platform that automates human decisions in the supply chain to provide efficiency, transparency, and consistency in logistics operations. The platform uses deep machine learning and proprietary algorithms to offer smart logistics solutions like route optimization, real-time tracking, insights and analytics, beat optimization, efficient warehouse management, vehicle allocation and utilization. Locus powers more than two million deliveries daily across Southeast Asia, the Indian Subcontinent, Europe, and North America. Visit www.locus.sh to know more. Media Contact: Please reach out to - Marketing@locus.sh Logo - https://mma.prnasia.com/media2/1197609/Locus_Logo.jpg?p=medium600
