XCMG Supports Australian Mining Industry with Customized Equipment
Vera's First Assignment: Volvo Trucks Presents an Autonomous Transport Between a Logistics Centre and Port
Haval F7 SUV A Game Changer for Russia's Auto Industry and the New Champion of Urban Transportation
Jebsen Motors Maintains Pole Position as Porsche China's Top Dealership for Fourth Consecutive Year
Los Angeles Auto Show Taps Electrify America CEO Giovanni Palazzo for AutoMobility LA's Advisory Board
Coretex Appoints New CEO
Desay SV Presents Its Latest Intelligent Driving Solutions at CES Asia 2019
Renren Announces Unaudited First Quarter 2019 Financial Results
Henniges Automotive hires L. Brooks Mallard as Chief Financial Officer
High-efficiency Powertrains that Lower Emissions to Enjoy Greater Growth Opportunities in 2019
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UL Officially Approved as an External Testing Laboratory to the BMW Group
KREFELD, Germany, June 11, 2019 /PRNewswire/ -- UL's materials testing lab in Krefeld, Germany, has been approved as an external laboratory partner by the BMW Group for injection molding of test specimens and corresponding testing of thermoplastic materials according to the BMW Group Standard 93016. As a unique add-on service for customers worldwide, UL's Krefeld facility offers in-house injection molding of test specimens with extensive tracking of processing parameters. This combination of in-house injection molding and comprehensive testing services offer thermoplastic raw material suppliers extended and substantial product development support. "This approval by BMW is an essential part of our client-oriented expansion of service offerings towards the Automotive industry," said Thomas Wagner, PhD, automotive business manager of UL's Chemicals division. "UL has a very collaborative relationship with manufacturers of thermoplastic raw materials. Now we can offer our clients a new complete service package to have their grades officially approved for serial applications in BMW automobiles. Our materials experts can support clients in the entire process of getting their material grades listed to GS 93016.' The ISO 17025 accredited materials testing center in Krefeld-Uerdingen offers a unique set of all-inclusive services. With highly specialized testing laboratories and comprehensive material databases, the Chemicals division of UL supports automotive manufacturers and Tier suppliers from product concept stage to early product development through to final Part Production Approval Process (PPAP) for an optimized time-to-market. For more information about UL's entire automotive testing portfolio, visit UL.com/Drive or contact: Thomas Wagner, PhDAutomotive Business Managerthomas.wagner@ul.com +49 2151 5370 234 UL fosters safe living and working conditions for people everywhere through the application of science to solve safety, security and sustainability challenges. The UL Mark engenders trust enabling the safe adoption of innovative new products and technologies. Everyone at UL shares a passion to make the world a safer place. We test, inspect, audit, certify, validate, verify, advise and train and we support these efforts with software solutions for safety and sustainability. To learn more about us, visit UL.com. CONTACT: Marlene StezinarMarketing Lead – Chemicals DivisionUL LLCT: +49 (0) 2151 5370 309 E: marlene.stezinar@ul.com Related Links :https://www.ulttc.com/en/industries/automobil.htmlhttp://www.ul.com
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Nullmax Launches Complete Autonomous Driving System Solution for Mass Production
SHANGHAI, June 10, 2019 /PRNewswire/ -- Nullmax, an autonomous driving technology company, officially launched an autonomous driving system solution "MAX", setting about the large-scale commercialization of autonomous driving in the Chinese market. Nullmax showcased an autonomous vehicle equipped with MAX solution The MAX solution is not only the first available systematic autonomous driving solution released by a local company but also one of the few complete autonomous driving solutions using the Xavier computing platform in China. It's expected to be put into mass production around 2020. Currently, vehicle-dominated transportation systems are confronted with safety and efficiency problems. More specifically, traffic accidents, traffic jams, parking difficulty and environmental pollution are the major hurdles. According to a report by the 2018 World Health Organization (WHO), 1.35 million people die due to traffic accidents every year. These problems exist in China as well. Figures from Chinese institutions show that 13% of Chinese cities faced regular traffic jams and over 60% of Chinese cities experienced slow traffic during the rush hours in 2018. Therefore, the transportation reform has become inevitable, in which autonomous driving will play an important role. As a complete solution for passenger vehicle, MAX can provide a full set of autonomous driving functions including Highway Pilot (HWP), Traffic Jam Pilot (TJP) and Autonomous Valet Parking (AVP). With automotive grade sensors, embedded chip, and standard-compliant software and algorithms, MAX makes autonomous driving more safe, efficient and affordable. Besides various functions, the technologies are worth mentioning. MAX adopts a vision-based perception system of multi-sensor fusion, using camera, radar and ultrasonic sensor as the main sensors and carrying a driver monitoring system. Above all, all the software and algorithms developed by Nullmax independently make MAX stand out from the crowd. Apart from these sub-modules like perception fusion, planning and control, the unique MaxOS platform also helps MAX perform better. As a systematic solution, MAX makes comprehensive consideration of ODD and OEDR, and has a fully complete operational mechanism including condition monitoring, alert system, takeover request, minimum risk condition, shadow system, etc. Moreover, MAX is a really reliable solution that takes functional safety, SOTIF and cybersecurity into consideration. Xu Lei, CEO of Nullmax said, "We want to bring autonomous driving to our daily life in a safe, efficient and affordable way, and facilitate mobility revolution of safety and transportation through its popularization. With the launching of MAX, we take the first step to realize our dream. We believe MAX is a competitive solution to popularize autonomous driving in China, where mobility revolution has started." Dr. Xu Lei, CEO of Nullmax During early demonstration and on-site driving tests, MAX left a deep impression of safety and comfort on the audience and experiencers, and received extensive recognition from automotive insiders by virtue of its engineering and producibility. With the autonomous driving function enabled, MAX performs like common drivers or even better in many cases. In the next stage, Nullmax will provide MAX for Tier 1 and OEMs to facilitate the large-scale application of autonomous driving in China. It is predicted that mass production nomination of MAX will be made in 2019-2020, followed by the start of production (SOP) in 2021-2022 and continuous product optimization and upgrading in the next. In addition, the mass production of MAX will help Nullmax expedite the commercialization of shared mobility. As Robo-taxi remains in exploratory stage of small-scale commercialization due to the safety and cost problems in the whole industry, Nullmax will keep optimizing its ongoing products and projects of shared mobility, improving their performance in safety and lowering their costs, with the help of MAX's practical experience in large-scale and safe operation. It is obvious that a worldwide transportation revolution has started. As a tech company focusing on autonomous driving, Nullmax will continually promote large-scale commercialization of autonomous driving, providing more safe, efficient and affordable solution to build a smarter transportation system in future. View original content to download multimedia:http://www.prnewswire.com/news-releases/nullmax-launches-complete-autonomous-driving-system-solution-for-mass-production-300864509.html
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Haval Strengthens Sino-Russian Economic Cooperation with Completion of Tula Factory
MOSCOW, June 10, 2019 /PRNewswire/ -- Haval SUV ("Haval"), China's leading SUV brand, has unveiled its completed factory in Tula, Russia and presented Haval F7 - the first rolled-off SUV from Tula Factory to President Xi Jinping and President Vladimir Putin, ushering in a new era of Sino-Russian relations on the 70th anniversary of economic cooperation between both nations. As Russia's largest industrial project and China's first full-process overseas plant, the factory plays an integral role in Russia's ambition to become the world's fifth largest economy by 2024, as well as in China's Belt and Road initiative. The Haval F7 is the first vehicle mass-produced in the factory, with models priced from $1.449 million rubles, and both presidents signed China's first 'global car' to express their support. "Haval's factory marks a milestone in China's transition into an export powerhouse and pioneers a global approach for the auto industry," said Wei Jianjun, Chairman of Great Wall Motor Company Limited. "Automakers should invest in developing local economies to successfully deliver China's technological and manufacturing innovations to the world." Haval showcased the F7 and H9 to both leaders, and President Xi expressed overwhelming encouragement for Haval's Russian market strategy. As part of Haval's Globalization 3.0 strategy, the US $500 million Tula factory will boost Russia's economic development, generating over RMB $3 billion in local profits and taxes and creating 4,000 jobs. Its strategic geographic location also stimulates foreign income, as Haval plans to export products from the factory to Kazakhstan, Azerbaijan, Moldova and Kyrgyzstan. About Haval Haval SUV, part of Great Wall Motor Company Limited (OTCPink: GWLLF), is China's No. 1 SUV brand and a fast-growing global SUV manufacturer. Independently operated since 2013, Haval was ranked second in the 'Most Valuable SUV' rankings by Brand Finance Auto & Tyres 2017, and sixteenth in Brand Finance Auto & Tyres' '100 World's Most Valuable Automobile Brands of 2018'. For more information, please visit http://www.haval-global.com/ Related Links :http://www.haval-global.com/
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GAC Motor Collaborates With Tata Elxsi to Develop Smart Gateway Module
BANGALORE, India and BEIJING, June 10, 2019 /PRNewswire/ --Tata Elxsi announced today that it is developing an AUTOSAR-compliant Smart Gateway module for GAC Motors R&D Center. This module will feature in their new range of Electric Vehicles expected to launch in the second half of 2020. The Smart Gateway module consists of multiple CAN, Ethernet and LIN channels and will act as the communication centre to control the inter-bus communications between various other ECUs like ADAS, IVI, BMS, HUD cluster. "Tata Elxsi has rich experience in the development of automotive electronics software. We are very happy to leverage Tata Elxsi's experience on the central gateway product and jointly go for development. This will accelerate our software technology development in the intelligent connected vehicle," said Zhang Ying, Project Director of Ethernet Gateway, GAC R&D Center. "We are delighted to partner with GAC R&D Center in the development of the smart gateway to help better manage the increasing complexity of automotive electronic architecture and network, with enhanced safety and security. This win also enables us to leverage our expertise and contribute to the development of intelligent connected vehicles in China, one of the world's leading hubs for next-generation mobility systems," said Nitin Pai, SVP and Global Head of Marketing, Tata Elxsi. Tata Elxsi works with leading global automotive OEMs, suppliers and chip vendors in system and software development for the next generation of intelligent, autonomous and electric vehicles. This is complemented by a proven suite of software for classic and adaptive Autosar, ADAS and autonomous software and tools for automated testing and validation. About GAC Automotive Research & Development Center GAC R&D Center, established in 2006 and is GAC Group's technology management department and R&D system hub, responsible for the implementation of new product and new technology planning and important R&D. GAC R&D Center is responsible for the GAC Trumpchi. About Tata Elxsi (www.tataelxsi.com) Tata Elxsi works with leading OEMs and suppliers in the automotive and transportation industries for R&D, design and product engineering services from architecture to launch and beyond. It brings together domain experience across Connected Infotainment, Autonomous Driving, Telematics, Powertrain, Body & Chassis electronics, along with digital technologies such as Artificial Intelligence, Analytics, Cloud and IoT. Media Contact: Tata Elxsi Hari BalanCorporate Communications+91-80-2297-9123 Email: media@tataelxsi.com Logo: https://mma.prnewswire.com/media/742257/Tata_Elxsi_Logo.jpg Related Links :http://www.tataelxsi.com
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Great Wall Motors' Tula factory in Russia starts production, setting Chinese auto brands on a new journey to global markets
TULA, Russia, June 7, 2019 /PRNewswire/ -- Great Wall Motors' Tula factory in Russia, the Chinese automaker's first wholly-owned full-process manufacturing plant outside its home market, was formally put into production on June 5, 2019. The USD 500 million Tula factory was completed following four years of construction with a designated annual capacity of 150,000 units, 65 per cent of which will be produced locally. At the same time, the Chinese automaker's first model being sold worldwide, the Haval F7, rolled off production lines and is now available in markets outside of China. This signifies that the automaker has entered a new stage with its global strategy but more importantly sets Chinese auto brands on a new journey to world markets. Great Wall Motors’ Tula factory in Russia The start-up of the Tula factory is of great significance to Great Wall Motors as the automaker accelerates the implementation of its global strategy. With the establishment of the local plant, the automaker is well positioned to effectively produce automobiles that can better meet the needs of the local market. The Tula plant is expected to have a lasting and far-reaching impact on the globalization of the Chinese automobile industry as it can serve as a "turnkey" model for global expansion by other Chinese automakers seeking to expand into international markets. The largest investment project of the Chinese manufacturing industry in Russia, is expected to generate over 18 billion yuan (approx. USD 2.6 billion) in total output value and over 3 billion yuan in before-tax profit (approx. USD 430 million) while creating nearly 3,000 jobs. The plant is an important step in the Chinese automaker's efforts to respond to the Chinese government's "Belt and Road" initiative. More importantly, built on the automaker's advanced manufacturing technology, quality management and environmental protection measures, the Tula plant is on track to speed up the formation of the local automobile manufacturing industry cluster and the downstream industry chain, promoting the transformation of the local industrial structure. In addition, the plant not only marks a new milestone in the economic and trade exchanges between China and Russia, but also represents a new era for Chinese automobile brands with operations in Russia. Photo - https://photos.prnasia.com/prnh/20190606/2487872-1
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Cango Inc. Announces up to US$10 Million Share Repurchase Program
SHANGHAI, June 5, 2019 /PRNewswire/ -- Cango, Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading automotive transaction service platform in China, today announced that its board of directors has authorized a share repurchase program under which the Company may repurchase up to US$10 million worth of its outstanding (i) American depositary shares ("ADSs"), each representing two Class A ordinary shares, and/or (ii) Class A ordinary shares over the next 12 months starting from June 5, 2019. Under the share repurchase program, the Company may repurchase its ADSs from time to time through open market transactions at prevailing market prices, privately negotiated transactions, block trades or any combination thereof. In addition, Cango will also effect repurchase transactions in compliance with Rule 10b5-1 and/or Rule 10b-18 under the Securities Exchange Act of 1934, as amended, and its insider trading policy. The number of ADSs repurchased and the timing of repurchases will depend on a number of factors, including, but not limited to, price, trading volume and general market conditions, along with Cango's working capital requirements and general business conditions. The Company's board of directors will review the share repurchase program periodically, and may authorize adjustment of its terms and size. The Company plans to fund the repurchases from its existing cash balance. About Cango, Inc. Cango Inc. (NYSE: CANG) is a leading automotive transaction service platform in China connecting dealers, financial institutions, car buyers, and other industry participants. Founded in 2010 by a group of pioneers in China's automotive finance industry, the Company is headquartered in Shanghai and engages car buyers through a nationwide dealer network. The Company's services primarily consist of automotive financing facilitation, automotive transaction facilitation, and after-market services facilitation. By utilizing its competitive advantages in technology, data insights, and cloud-based infrastructure, Cango is able to connect its platform participants while bringing them a premium user experience. Cango's platform model puts it in a unique position to add value for its platform participants and business partners as the automotive and mobility markets in China continue to grow and evolve. For more information, please visit: www.cangoonline.com. Safe Harbor Statement This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the "Business Outlook" section and quotations from management in this announcement, contain forward-looking statements. Cango may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Cango's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Cango's goal and strategies; Cango's expansion plans; Cango's future business development, financial condition and results of operations; Cango's expectations regarding demand for, and market acceptance of, its solutions and services; Cango's expectations regarding keeping and strengthening its relationships with dealers, financial institutions, car buyers and other platform participants; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Cango's filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Cango does not undertake any obligation to update any forward-looking statement, except as required under applicable law. Investor Relations ContactJenny TangCango Inc.Tel: +86 21 3183 5088 ext.5521Email: ir@cangoonline.com Jack WangICR Inc.Tel: +1 (646) 405-5056Email: ir@cangoonline.com View original content:http://www.prnewswire.com/news-releases/cango-inc-announces-up-to-us10-million-share-repurchase-program-300862318.htmlRelated Links :http://www.cangoonline.com
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INEOS Styrolution's Novodur High Heat Advance Aesthetic Appeal and Processability for Rear Lamp Housings
Novodur® HH-112 delivers best material properties for rear lamp housing application Novodur® HH-112 offers superior heat resistance and exhibits great performance in aluminum vacuum metallising coatings and welding processes VADODARA, India, June 5, 2019 /PRNewswire/ -- INEOS Styrolution, the global leader in styrenics, announces today that Minda Industries Limited -- Lighting Division, one of the leading automotive lamp manufacturers in India catering to Tier 1 automotive manufacturers in India, has selected the company's specialty ABS (acrylonitrile butadiene styrene) Novodur® HH-112 for the rear lamp housing application of a leading 4-wheeler model in India. INEOS Styrolution’s Novodur(R) HH-112 used on automotive rear lamps Novodur HH-112 enjoys a track record of more than ten years being the material of choice in terms of performance and process ability for rear lamp and housing applications and is currently used by leading global automobile brands. This material provides high heat resistance, high dimensional stability and excellent stiffness. In addition, it also offers great performance in metallisation and welding processes. For Minda, the molding and metallising performance of Novodur HH-112 were the key criteria to select this material for its rear lamp housing application. Novodur HH-112 offers excellent mechanical properties with overall balanced thermal and rheological properties. "Minda appreciates INEOS Styrolution as a reliable supplier of high-performance materials, providing us the best in class solutions and helping us achieve the required flowability and ease of metallising for futuristic lighting molds," says a senior representative of UNO Minda group. Rajiv Verma, Head of India Automotive, INEOS Styrolution, adds, "We are very pleased to partner with such a strong local component manufacturer. We are determined to deliver Minda the best solutions and support them to stay at the top of the industry." About INEOS Styrolution INEOS Styrolution is the leading, global styrenics supplier with a focus on styrene monomer, polystyrene, ABS Standard and styrenic specialties. With world-class production facilities and more than 85 years of experience, INEOS Styrolution helps its customers succeed by offering the best possible solution, designed to give them a competitive edge in their markets. The company provides styrenic applications for many everyday products across a broad range of industries, including Automotive, Electronics, Household, Construction, Healthcare, Packaging and Toys/ Sports/ Leisure. In 2018, sales were at 5.4 billion euros. INEOS Styrolution employs approximately 3,500 people and operates 20 production sites in ten countries. For further information, please visit www.ineos-styrolution.com. Follow us on Twitter (@styrolution). Contact Hui Boon KwaSenior Communications Manager, Asia PacificINEOS Styrolution APAC Pte Ltd.111 Somerset Road#14-16 to 21 TripleOne SomersetSingapore 238164Phone: +65 69338393Email: huiboon.kwa@ineos.comInternet: www.ineos-styrolution.com Photo - https://photos.prnasia.com/prnh/20190528/2478855-1Related Links :http://www.ineos-styrolution.com
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Chinese Tourists Can Now Hail Taxis Via the Alipay Mini Program Backed by Splyt When Travelling Globally
UK start-up's worldwide network of mobility and transport providers allows users to book and pay for transport when travelling abroad LONDON, June 4, 2019 /PRNewswire/ -- Today, Alipay, the world's leading payment and lifestyle platform operated by Ant Financial Service Group, announced that it is partnering with UK mobility start-up, Splyt Technologies, to give the payment platform's hundreds of millions users access to a global ride-hailing inventory via its in-app mobility marketplace mini program. Through this first integration of its kind by a global digital payment platform, Chinese tourists are now able to quickly and easily hail taxis from leading local mobility-service providers all through Alipay, without downloading a new app, when travelling overseas. "Consumers don't want 100 different apps - they want tools that make their lives easier," said Kiki Wu, Director of Business Development, Cross-Border Business, Alipay. "This brand-new taxi hailing mini program makes it possible to search, book and pay for taxi rides in our users' native currency. Partnering with Splyt gives us unparalleled access to a roster of transport providers across the world that will make getting around when travelling easier than ever before." The Splyt platform, which reaches 1.5 billion users in over 50 countries and territories, will provide Alipay users access to its network of transport partners in over 1,000 cities. In addition, Splyt has created a custom-built user-interface designed to meet the needs of users when travelling. All payment is processed in the user's preferred currency. In addition to 24/7 customer support, an in-app chat function is available to help passengers communicate with drivers even if they don't speak the same language. All of these features combined ensure ease-of-use and safety for users, wherever they are travelling in the world. "Splyt is the world's leading mobility marketplace and roaming enabler. We're delighted to launch this groundbreaking collaboration with Alipay to help ease the journeys of its users when abroad," commented Philipp Mintchin, Splyt CEO. "With the number of Chinese tourists growing every year, the strength of our platform will ease and support tourism in some of the fastest growing commercial corridors worldwide. As a London-based company, this is also a testament to the UK tech industry, and our ability to reach a global mobility market." At launch, Alipay users from Chinese mainland are able to use mobility services from Splyt partners in the UK, UAE and South-East Asia, with further coverage across the globe being rolled out later this summer. The Alipay Mini Program helps merchant partners acquire customers and operate more efficiently while enhancing the experience for Alipay users. Through the Alipay Mini Program, Alipay can provide its comprehensive capabilities, including payment, marketing and risk management, to its partners. For more information, visit the Splyt website: https://splyt.com/. Roland Palmer, Head of Europe, Alipay, will be discussing the partnership at Money20/20 Europe on Tuesday 4th June, 2019. About Alipay Operated by Ant Financial Services Group, Alipay is the world's leading payment and lifestyle platform. Launched in 2004, Alipay currently serves over 1 billion users with its local e-wallets partners. Over the years, Alipay has evolved from a digital wallet to a lifestyle enabler. Users can hail a taxi, book a hotel, buy movie tickets, pay utility bills, make appointments with doctors, or purchase wealth management products directly from within the app. In addition to online payments, Alipay is expanding to in-store offline payments both inside and outside of China. Alipay's in-store payment service covers over 50 markets across the world, and tax reimbursement via Alipay is supported in 35 markets. Alipay works with over 250 overseas financial institutions and payment solution providers to enable cross-border payments for Chinese travelling overseas and overseas customers who purchase products from Chinese e-commerce sites. Alipay currently supports 27 currencies. About Splyt Splyt Technologies Ltd. is the world's largest B2B mobility marketplace, connecting supply and demand for ground-based transport. Splyt's single connectivity solution makes ride-booking a seamless process for users of any consumer app. Splyt's platform gives its partners access to ride-hailing inventory in over 2,000 cities, without their users needing to download or register with additional apps. Splyt was founded 2015 and is headquartered in London.Related Links :https://splyt.com
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Wind River and Airbiquity Team on Vehicle-to-Cloud OTA Solutions for Connected and Autonomous Cars
DETROIT, June 4, 2019 /PRNewswire/ -- TU-AUTOMOTIVE DETROIT 2019 -- Wind River®, a leader in delivering IoT software for critical infrastructure, and Airbiquity®, a leader in connected vehicle services, are working towards integrating key technologies to develop an end-to-end software lifecycle management solution for connected and autonomous vehicles, one that spans vehicle to cloud. The solution will enable secure and intelligent over-the-air (OTA) software updates and data management. Proper and proactive management of software over the course of a vehicle's lifecycle is becoming increasingly important to enhance performance, maintain value, and address safety and security threats. Using OTA, carmakers can securely transmit diagnostic and operational data and efficiently deploy software updates to mitigate recall expenses and enable new vehicle features. Wind River and Airbiquity will provide the automotive industry with an open and flexible OTA solution combining market-leading software technology components to create a comprehensive, interoperable, pre-validated OTA solution backed by the expertise of two-industry leading software technology companies. Wind River plans to contribute its Edge Sync, a highly modular, OTA update and software lifecycle management solution. Airbiquity will contribute its OTAmatic™ solution including OTA orchestration, campaign management, software and data management, and Uptane-based security framework capabilities. An integrated solution combining Edge Sync and OTAmatic also has applicability to multiple non-automotive IoT sectors such as medical, industrial, aerospace, military, and telecommunications. "Carmakers are facing pressure to introduce highly complex features and constantly provide more value. Advancing software management to securely address the entire lifecycle of a car will be an effective strategy to help carmakers deliver more and ongoing innovation while staying cost-effective," said Marques McCammon, vice president of Automotive at Wind River. "By teaming up with leaders like Airbiquity, we can help carmakers meet evolving customer and business needs." "Airbiquity understands the market need for robust, secure, and highly scalable OTA solutions with proven interoperability from known suppliers," said Kamyar Moinzadeh, president and CEO of Airbiquity. "We look forward to bringing this joint OTA solution to automotive and other markets with a highly capable technology, marketing, and sales partner such as Wind River." Edge Sync provides a market-leading performant solution to allow for rapid, safe, and secure updates to software and firmware to continuously improve the value of the car and customer experiences on a long-term basis. It also includes technology that enables the smallest differential update when conducting OTA updates. Keeping updates minimal reduces distribution time and cost, update transmission time, and memory required on automotive electronic control units (ECUs). OTAmatic is an industry-leading multi-ECU OTA solution that securely orchestrates and automates vehicle software updates and data management from the cloud. OTAmatic provides a sophisticated OTA service with highly refined vehicle and device targeting; discrete policy and privacy controls; customizable consumer communications; multi-layer cybersecurity protection; and solution deployment flexibility. More information about Wind River automotive solutions and technologies is available at http://www.windriver.com/markets/automotive/. More information about Airbiquity automotive solutions and technologies is available at http://www.airbiquity.com. About Wind River Wind River is a global leader in delivering software for the edge. The company's technology has been powering the safest, most secure devices in the world since 1981, and is found in more than 2 billion products. Wind River offers a comprehensive portfolio, supported by world-class global professional services and support and a broad partner ecosystem. Wind River software and expertise are accelerating digital transformation of critical infrastructure systems that demand the highest levels of safety, security, performance, and reliability. To learn more, visit Wind River at www.windriver.com. About Airbiquity Airbiquity® is a global leader in connected vehicle services and pioneer in the development and engineering of automotive telematics technology. At the forefront of automotive innovation, Airbiquity operates the industry's most advanced cloud-based connected vehicle service delivery platform, Choreo™, and supports all leading use cases including over-the-air (OTA) software update and data management with OTAmatic™. Working with Airbiquity, automakers and automotive suppliers have deployed highly scalable, manageable, and secure connected vehicle service programs meeting the needs of their customers in over 60 countries around the world. Learn more about Airbiquity at www.airbiquity.com or join the conversation @Airbiquity. Wind River is a trademark or registered trademark of Wind River Systems, Inc., and its affiliates. Airbiquity, Choreo, and OTAmatic are trademarks of Airbiquity Inc. Other names may be the trademarks of their respective owners. MEDIA CONTACTS Jenny SuhWind River510-749-2972jenny.suh@windriver.com Noel Wurst Airbiquity904-673-4427media@airbiquity.com Logo - https://mma.prnewswire.com/media/892596/Airbiquity_Wind_River_Partnership_Logo.jpg Related Links :https://www.windriver.comhttp://www.airbiquity.comhttps://www.airbiquity.com
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Frost & Sullivan Intelligent Mobility Symposium Explores How Automakers are Future-Proofing their Portfolios by Embracing Connected, Electric, and Aut
LONDON, June 4, 2019 /PRNewswire/ -- Investments in the automotive industry are increasingly being channeled towards enhancing electric portfolios, achieving higher levels of automation, and meeting rising customer demand for digital convenience. As electric, connected and autonomous trends unleash widespread disruption, auto manufacturers are expected to retain their relevance by investing in scalable, sustainable, cost-effective and flexible platforms that can support current demands and future innovations. To assess how this technology-driven transformation will play out, Frost & Sullivan will host a panel discussion, 'Future Mobility Use Cases for Electric, Connected and Autonomous Vehicle Platforms', as part of its Intelligent Mobility flagship event at the Jumeirah Carlton Tower in London on 11 July 2019. The session will delve into the key technological, market and policy trends that will shape the mobility industry's landscape over the long term. Frost & Sullivan will evaluate these and many other emerging use cases and business models for new, innovative mobility solutions at its annual Intelligent Mobility event, taking place at the Jumeirah Carlton Hotel in London, on 10th and 11th July 2019. To register for Frost & Sullivan's Intelligent Mobility event or to view the agenda, please visit www.intelligentmobilityevent.com Electric vehicles (EVs) account for a progressively greater share of automakers' vehicle portfolios. Strict regulations and customer expectations for more environmentally friendly and efficient vehicles are providing an impetus to this trend. The industry is fast approaching a tipping point where EVs are no longer viewed as being niche, unique vehicle platforms but can be introduced across automakers' vehicle line-ups. However, for this to materialise as envisaged, identifying the right vehicle platform strategy, chassis technologies, and battery chemistries will be crucial. "Platform strategies are a hot-button topic at the moment with automakers having the choice of three possible approaches: altering their current platforms to introduce electrification, developing flexible platforms that can house multiple powertrain options, or creating dedicated EV platforms," explained Benny Daniel, Vice President, Consulting, for Frost & Sullivan's Mobility practice. "The final choice will be based on their vehicle portfolios and annual vehicle sales." Simultaneously, customer expectations that their digital lifestyle choices will be mirrored in their vehicles are intensifying. This is spurring automakers to look beyond applications related to in-vehicle safety and convenience towards providing a more comprehensive, immersive digital experience. To this end, automakers are seeking partnerships with technology companies outside the traditional value chain. The inherent danger here is that, over a period of time, they could lose their preeminent position in the automotive value chain and instead be relegated to becoming system suppliers to mobility and technology companies. To neutralise this threat, automakers will need to adopt a more customer-centric approach to vehicle design and value creation. The third spoke in the wheel—autonomous—is often hailed as the answer to a host of urban mobility challenges. The successful real-world implementation of autonomous vehicles will depend on devising an effective solution that is safe, convenient, and cost-effective. However, system development for autonomous vehicles is challenging, especially if the aim is to scale it to multiple business models and regions. "Cost synergies will force OEMs to focus either on deploying autonomous technology across both ownership and usership business models or, if they do not have the capabilities to run these two revenue streams in parallel, to outsource the technology development or licence it to other providers," said Daniel. "This will be the only cost-effective way to scale autonomous development." Overall, automakers and technology players will have to make critical decisions regarding the right platforms and use cases for connectivity, electrification and autonomous technologies. Their success and the smooth transition of the industry into a new era of mobility will depend on this. About Frost & Sullivan Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Contact us: Start the discussion For more information, please contact: Kristina MenzefrickeT: +44 (0) 208 996 8589E: kristina.menzefricke@frost.comhttp://ww2.frost.comRelated Links :http://www.frost.com
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Tradewind Provide Export Factoring for a Tire Group Headquartered in China
QINGDAO, China, June 4, 2019 /PRNewswire/ -- Tradewind has closed a deal with a tire company based in Qingdao, Shandong Province in China to provide a recurrent facility of 800,000 US dollars to support its export business to the US. The company is headquartered in Qingdao, with branches in Shandong Province, the United States, Africa, and Southeast Asia. With the company's manufacturing base in Shandong, the supply is sufficient, and the quality is well-recognized. The products are sold globally, of which the US market accounts for 12%, followed by Europe and Australia, while the business in South America, Africa, the Middle East and Russia also increased steadily. The US is the world's largest market for tires, but many of the buyers are not strong enough to take credit, while qualified buyers often need open terms, which brings high risks and financial pressure to suppliers. Therefore, when the company learned that Tradewind, as a German headquartered trade finance company, provide attention to details, efficient services, flexible products and competitive price, they reached out to them hoping to obtain customized products from Tradewind to relax the company's tight capital turnover, and to get better understanding of the buyer's credit situation by leveraging the global capability of Tradewind, so as to ensure the smooth and safe development and global growth. However, the impact of the recent trade policy has affected the tire industry when the cooperation was about to kick start. In order to lower the impact of tariffs, the company urgently adjusted its strategy and transferred its business to its branch office in Southeast Asia. Based on this situation, Tradewind made timely adjustments to the financing plan, and instead financed the invoices exported from Southeast Asia, and wired the funds to its account in US according to the customer's requirements. Now the cooperation with Tradewind has been smoothly carried out, and the rapid payment allows the company to obtain sufficient working capital. As the cooperation stabilizes, the client plans to add more buyers in order to better support its global development. "Tradewind has extensive experience in the automotive and auto parts industry. Our global presence allows us to provide quality services to exporters around the world. We are willing to provide customized financing products for companies like this tire company. We use our profession in exchange of customers' safety in trade and stable development," said Ms. Li Fang, sales manager of Tradewind. Tradewind (formerly DS-Concept) provides innovative international cash flow solutions tailored for global clients. Focused on the mid-market, its core products are non-recourse factoring and supply chain finance. The group has built an unrivaled reputation for the depth of its international finance expertise by maintaining a network of offices around the world including the USA, mainland China, India, Hong Kong, UAE, Turkey, Bangladesh, Pakistan, Iceland, Bulgaria, Hungary, Peru and its headquarters in Germany. By combining financing, credit protection, and collections into a single trade finance facility, Tradewind offers streamlined, flexible and best-in-class services.
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"Honda 'ORIGAMI'," Honda Motor's Brand Movie Produced by CyberAgent, Receives Awards at Three International Ad Festivals
- First Prize in Film-craft Section of "2019 New York Festivals Advertising Awards," Silver Award in Film-craft Section of "ADFEST 2019," and Bronze Award in Branding Section of "2019 AME Award" - TOKYO, June 4, 2019 /PRNewswire/ -- CyberAgent, Inc. (Tokyo Stock Exchange Code: 4751) announced on June 4 that "Honda 'ORIGAMI'," a brand movie for commemorating the 70th anniversary of the establishment of Honda Motor Co., Ltd., which was produced by CyberAgent's Internet Ad Business Division, has received the First Prize Award in the film-craft section and a prize in the film section of "2019 New York Festivals Advertising Awards," the Silver Award in the film-craft section of "ADFEST 2019," and the Bronze Award in the branding section of "2019 AME Award." The brand movie Honda "ORIGAMI" is a stop-motion one filmed while moving origami (paper-folding art) works representing Honda's products handmade one by one. The folding lines were infused with the ambition and technology accumulated by Honda. This movie pursues the overwhelming craftsmanship while endeavoring to depict everything, including the background, with origami works without using CG. Image1: Brand movie: Honda "ORIGAMI"https://kyodonewsprwire.jp/prwfile/release/M105277/201905317036/_prw_PI1lg_7dSNfS8P.jpg (Images2: https://kyodonewsprwire.jp/release/201905317036?p=images) - Original version of Honda "ORIGAMI"https://youtu.be/T_mNHM5qIVw - Behind-the-scenes footage of Honda "ORIGAMI"https://www.youtube.com/watch?v=wDojiV_YRXc Client company: Honda Motor Co., Ltd.Ad agency: CyberAgent, Inc.Production company: Niban-Kobo Production Corp. Creative Director: Atsushi Nakahashi Planner: Satoshi ShigematsuSena Kuwabara - What is "New York Festivals Advertising Awards"? https://www.newyorkfestivals.com/NYFA/2019/pieces.php?iid=545400&pid=1 New York Festivals Advertising, commonly known as NYFA, is the world's largest international ad contest held in New York. It is an ad award created in 1957 in one section of NEW YORK FESTIVALS. - What is "Asia Pacific Advertising Festival"? http://www.adfest.com/index.php/Home/Awards/winnersshowcase.html?category=5&awards=all&page=2 Asia Pacific Advertising Festival, commonly known as ADFEST, is the most prestigious ad award in the Asia-Pacific region, which was created in 1998 and is held in Pattaya, Thailand. - What is "World's Best Advertising & Marketing Effectiveness Awards"? https://www.ameawards.com/winners-gallery-1/honda-origami This is commonly known as AME Awards. It is an ad award created in 1957 in one section of "NEW YORK FESTIVALS," the world's largest international ad contest held in New York. - Corporate profile of CyberAgent Corporate name: CyberAgent, Inc.Location: Abema Towers, 40-1 Udagawacho, Shibuya-ku, TokyoEstablished: March 18, 1998Capital: 7,203 million yen (as of the end of December 2018)Representative: Susumu Fujita, PresidentNature of business: Media business, Internet advertisement business, game business, and investment development business View original content:http://www.prnewswire.com/news-releases/honda-origami-honda-motors-brand-movie-produced-by-cyberagent-receives-awards-at-three-international-ad-festivals-300861248.html
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Lightweight Materials to Break EV Mileage Barrier feature at Aluminium China and Lightweight Asia 2019
SHANGHAI, June 4, 2019 /PRNewswire/ -- To meet the need to increase the driving mileage of Electrical Vehicles (EVs), Aluminium China and its sister show Lightweight Asia in July, held in Shanghai by Reed Exhibitions, will showcase leading auto-aluminum brands committed to reducing the weight of next-generation EVs. While it is predicted that by 2020, the annual output of EVs in China alone will reach 2.42 million with 244 different models, representing an annual growth rate of 41%, 'mileage concern' still puts off many potential consumers. Reducing the weight of EVs is the best way to break the mileage barrier and motivate consumers to adopt them in greater numbers. It is estimated that for every 100kg saved, an EV can increase its mileage by 10-11%, reduce its battery cost by 20% and save 20% daily worn-out costs. And the most important factor to achieve so-called lightweighting is through developing light materials. Aluminium is considered to be one of the most important lightweight materials to be used on cars. In 2016, SAE-China released its energy efficiency and EV roadmap, which indicated that the average car weight will be reduced by 20% by 2025, with an average usage of aluminum alloy of 250kg per car. The use of aluminum alloys helps to reduce car weight by 30-50% compared with steel, while also ensuring strength and robustness. Aluminum alloy parts are resistant to rusting, adapt to production, processing and repairs, and are easy to be recycled. All these features simplify processes and reduce costs, reflected in the growing use of aluminum alloys by companies such as Tesla, BMW and Audi along with Chinese car makers including BYD, JAC and BAIC. In its 15th year, Aluminium China and Lightweight Asia will feature global companies such as Constellium, Novelis and Nikkeikin. In addition, leading Chinese aluminum suppliers will also be featured, including Chalco, Alnan, PMI, Kam Kiu, Giant, Hoshion, Mingtai, Qianliang and Runhua. Over 600 companies will be featuring their latest auto lightweight materials, processing technologies and solutions at Aluminium China and Lightweight Asia from 10 to 12 July in Shanghai. International visitors can obtain VIP tickets, free-of-charge business matchmaking and local factory visits provided by organizer Reed Exhibitions, by signing up at the official website. www.aluminiumchina.com/en or www.lightweightasia.com/en/ Media Contact:Julia ZhuTel: +86-10-5933-9054Email: julia.zhu@reedexpo.com.cnwww.aluminiumchina.com/en www.lightweightasia.com/en Related Links :http://www.aluminiumchina.com/enhttp://www.lightweightasia.com/en/
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Haval Ushers in New Era of Globalization with Production Launch of Haval F7 in Tula Factory
Haval F7 is the first mass-produced vehicle manufactured entirely overseas by China's automakerTULA, Russia, June 3, 2019 /PRNewswire/ -- Haval Brand ("Haval"), China's leading SUV brand and part of the Great Wall Motor ("GWM") group, has launched the inaugural round of production for the highly anticipated Haval F7 SUV in the brand's new factory in Tula, Russia. Haval F7 Roll-off from Haval Tula Factory - the First Full-Process Mass Produced Vehicle Manufacturing Plant Overseas The production of the Haval F7 marks a significant milestone as the automaker's first full-process mass-produced vehicle manufactured overseas. The Haval F7 is also the first vehicle to leverage Chinese research and development on a multinational scale with full-process production conducted both in China and Russia, ushering in Haval's Globalization 3.0 era. "With the Tula Factory, we are helping stimulate local economic development as part of the Belt and Road Initiative," said Wei Jianjun, Chairman of Great Wall Motor Company Limited. "I believe our globalization strategy has the potential to go beyond opening international markets - it will propel Haval to be a key player on the global auto stage." With investment totaling over US $500 million, the Tula factory is GWM's largest overseas investment project to date and China's first full-process offshore vehicle factory. With an annual capacity of 150,000 units, the factory covers all production stages including pressing, welding, painting and integrated assembly. The factory also has parts on-site and quality control will be conducted locally. In line with Haval's vision to localize 65% of production, over 90% of the plant's 800 employees are local and is expected to grow to 1500 by June 2019. As Tula's most significant industrial project, the factory will boost the local economy by RMB 3 billion (US $430 million) forecasted in domestic revenue and taxes. Products from the factory will also be exported to neighboring countries, bolstering Tula's foreign exchange income. The Tula factory heralds Haval's Globalization 3.0 era, leveraging the Belt and Road Initiative to champion sustainable development through global distribution while exporting China's manufacturing and technological advancements worldwide. In addition to providing a full-process mass-scale factory to service the expanding Russian market, Haval's factory acts as a joint resource for other automakers with OEM parts, complete knock-down and assembly to reduce costs and minimize investment risks. Located in Uzlova Industrial Park in Tula, Russia, the factory is strategically positioned near Russian economic hubs including Tula, New Moscow, and Moscow. Haval's factory will serve as a base for development into Central Asian and Eastern European markets, including the adjacent countries of Belarus, Kazakhstan and Moldova. Painting Workshop at Haval Tula Factory in Russia. About Haval Haval SUV, part of Great Wall Motor Company Limited, is China's No. 1 SUV brand and a fast-growing global SUV manufacturer. Independently operated since 2013, Haval, as the No.2 Most Valuable SUV of Brand Finance Auto & Tyres 2017 and No.16 in the 100 World's Most Valuable Automobile Brands of Brand Finance Auto & Tyres 2018, creates world-class SUVs for Chinese and overseas customers, combining a high level of production with innovative and sustainable technologies. The brand launched its Globalization 3.0 strategy in 2019 with the opening of the Tula factory in Russia, China's first full-process overseas vehicle factory. For more information, please visit http://www.haval-global.com/ Photo - https://photos.prnasia.com/prnh/20190603/2484699-1-a Photo - https://photos.prnasia.com/prnh/20190603/2484699-1-b Related Links :http://www.haval-global.com/
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Kaixin Auto Holdings Receives Notice of Delisting for Warrants; Notice Does Not Impact Kaixin's Ordinary Shares
BEIJING, June 3, 2019 /PRNewswire/ -- Kaixin Auto Holdings ("Kaixin" or the "Company") (NASDAQ: KXIN) announced today receipt of a delisting notice from The Nasdaq Stock Market LLC ("NASDAQ"), which informed the Company that, absent an appeal, trading in the Company's warrants (KXINW) will be suspended from The Nasdaq Capital Market at the opening of business on June 11, 2019. The Company received notification on May 31, 2019, indicating that the Company has not demonstrated that it meets the minimum 400 round lot holder requirement for initial listing of its warrants, following the completion of the Company's business combination on April 30, 2019. This action does not impact listing of the Company's ordinary shares, which will continue to trade on the NASDAQ. About Kaixin Auto Holdings Kaixin Auto Holdings is a leading premium used car dealership network in China. Supported by the rapid growth of China's used car market and leveraging its own hybrid business model that offers both strong online and offline presence, Kaixin has transformed from a tech-enabled financing platform into a nationwide dealer network that combines its own and affiliated dealers as well as value-added and after-sale services. Important Notice Regarding Forward-Looking Statements This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Kaixin may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Kaixin's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Kaixin's goal and strategies; Kaixin's expansion plans; Kaixin's future business development, financial condition and results of operations; Kaixin's expectations regarding demand for, and market acceptance of, its products and services; Kaixin's expectations regarding keeping and strengthening its relationships with customers, suppliers and other parties it collaborates with; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Kaixin's filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Kaixin does not undertake any obligation to update any forward-looking statement, except as required under applicable law. For investor and media inquiries, please contact: In China:The Piacente Group, Inc.Ross WarnerTel: +86 (10) 6508-0677Email: Kaixin@tpg-ir.com In the United States:The Piacente Group, Inc. Jean Marie YoungTel: +1-212-481-2050Email: Kaixin@tpg-ir.com View original content:http://www.prnewswire.com/news-releases/kaixin-auto-holdings-receives-notice-of-delisting-for-warrants-notice-does-not-impact-kaixins-ordinary-shares-300860480.html
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Ford Honors Nexteer Automotive at 21st Annual World Excellence Awards
Nexteer Automotive honored by Ford Motor Company with a Silver Level Manufacturing World Excellence Award Ford's World Excellence Awards honor companies that exceed expectations and achieve the highest levels of excellence in quality, cost, performance and delivery DEARBORN, Mich., June 3, 2019 /PRNewswire/ -- Nexteer Automotive earned recognition as a top-performing global supplier at the 21st annual Ford World Excellence Awards. Nexteer's Suzhou, China facility was presented with a 2018 Silver Level Manufacturing Award for Electric Power Steering (EPS) Production by Hau Thai-Tang, Ford chief product development and purchasing officer, and Linda Cash, Ford vice president, quality and new model programs. Nexteer President Mike Richardson (middle) receiving the award from Hau Thai-Tang (left), Ford Chief Product Development and Purchasing Officer "2019 marks Nexteer's second consecutive year for achieving a Ford World Excellence Award. The back-to-back recognition of Nexteer demonstrates our on-going commitment to be a partner of choice - delivering quality, technology and manufacturing of safety-critical motion control solutions for global OEMs," said Mike Richardson, president and executive board director, Nexteer Automotive. "We appreciate this recognition from our valued customer and look forward to continuing our strong collaboration in advanced steering and driveline technologies for Ford - that in turn delivers safety, fuel efficiency and performance to Ford drivers around the world." "Ford's annual World Excellence Awards recognize our top-performing suppliers for their contributions to our success," said Thai-Tang. "Suppliers like Nexteer play an instrumental role in helping us achieve our vision of being the most trusted mobility company." Honorees were recognized for achieving the highest levels of global excellence in 10 categories, including: Gold and silver for supplier manufacturing sites demonstrating superior quality, delivery and cost performance throughout the year Quality, sustainability, safe and smart categories for suppliers that demonstrate leadership in Ford's primary brand pillars Aligned business framework for suppliers that most exemplify the framework's principles, with an emphasis on quality, value and innovation Special recognition for suppliers that delivered results exceeding expectations Diverse supplier of the year and supplier diversity development corporation of the year to honor suppliers that excel in integrating diversity into their organization and business process ABOUT NEXTEER Nexteer Automotive (HK 1316), a global leader in intuitive motion control, is a multi-billion dollar global steering and driveline business delivering electric and hydraulic power steering systems, steering columns, driveline systems, as well as advanced driver assistance systems (ADAS) and automated driving enabling technologies for original equipment manufacturers (OEMs). The company has 26 manufacturing plants, three technical centers and 14 customer service centers strategically located in North and South America, Europe and Asia. The company serves more than 60 customers in every major region of the world including BMW, Fiat Chrysler, Ford, GM, PSA Group, Toyota and VW, as well as automakers in India and China. www.nexteer.com Photo - https://photos.prnasia.com/prnh/20190603/2484740-1 Related Links :http://www.nexteer.com
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Frost & Sullivan Commends Automotive Grade Linux with Global Enabling Technology Leadership Award for Delivering In-Vehicle Infotainment Innovation
The open source approach of AGL is reducing industry fragmentation and driving rapid innovation, enabling developers to focus on creating new features and reducing time-to-marketSANTA CLARA, California, May 30, 2019 /PRNewswire/ -- Based on its recent analysis of the global in-vehicle infotainment market, Frost & Sullivan recognizes Automotive Grade Linux (AGL) with the 2018 Global Enabling Technology Leadership Award for In-Vehicle Infotainment. AGL is resolving challenges related to development time, fragmentation, and lack of code reuse; and is quickly becoming the de facto industry standard for in-vehicle infotainment operating systems. Eventually, the company aims to address all the software needs of vehicles, including advanced driver assistance systems, autonomous driving, telematics, and other in-vehicle displays, such as instrument clusters and heads-up displays. 2018 Global In-Vehicle Infotainment Enabling Technology Leadership Award More than 133 industry participants, from automakers to suppliers to component producers, are members of the non-profit, open source project that is developing the AGL code base. This breadth of partners will benefit traditional Tier I in-vehicle infotainment suppliers that develop similar products for multiple automakers, and automakers that are striving to keep pace with smartphone and tablet advances. By sharing a common platform, suppliers can reuse the same underlying core functionality while developing new applications and interfaces specific to each automaker. This approach will also bring in-vehicle infotainment systems to market faster and at a lower cost. Some of the major AGL participants include Toyota, Volkswagen, Suzuki, Honda, Mazda, Daimler, Aisin AW, DENSO, Panasonic, Renesas, Amazon, Continental, Pioneer, and Qualcomm. "By collaborating on non-competitively differentiated technology, automakers can focus on delivering the experiences that consumers truly want from their in-vehicle infotainment solutions," said Robert Cavin, Industry Analyst. "Though automakers will add their proprietary interface layers and any data collection processes, AGL's unified code base (UCB) enables developers to generate solutions for other participating automakers. This code sharing allows automakers to accelerate their development process by not having to rewrite underlying code." AGL's UCB 7.0 platform provides 70% of the starting point for a production project, with new features including open source speech recognition APIs and device profiles for telematics and instrument cluster applications, It has reference applications for a media player, tuner, navigation, web browser, Bluetooth, WiFi, HVAC control, audio mixer, and vehicle controls across a range of hardware support from major automotive component manufacturers. Furthermore, it includes over-the-air (OTA) update capabilities, which can future-proof the system through instant updates. "AGL is a complete software stack comprising the Linux kernel, middleware, application framework and application programming interfaces (APIs), software-development kit (SDK), and reference applications," noted Robert Cavin. "These tools help foster innovation and decrease time to market for in-vehicle infotainment through reduced software fragmentation, which, in turn, have allowed AGL to position itself as the industry standard for today's automotive operating system." Each year, Frost & Sullivan presents this award to the company or organization that has demonstrated 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. 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, analysis, and extensive secondary research to identify best practices in the industry. About Automotive Grade Linux Automotive Grade Linux is a collaborative open source project that is bringing together automakers, suppliers and technology companies to accelerate the development and adoption of a fully open software stack for the connected car. With Linux at its core, AGL is developing an open platform from the ground up that can serve as the de facto industry standard to enable rapid development of new features and technologies. Although initially focused on In-Vehicle-Infotainment (IVI), AGL is the only organization planning to address all software in the vehicle, including instrument cluster, heads up display, telematics, advanced driver assistance systems (ADAS) and autonomous driving. The AGL platform is available to all, and anyone can participate in its development. Automotive Grade Linux is hosted at the Linux Foundation. Learn more at automotivelinux.org. About Frost & SullivanFrost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Contact us: Start the discussion. Contact: Bianca TorresP: 1.210.477.8418E: bianca.torres@frost.com Emily OlinAutomotive Grade Linuxeolin@linuxfoundation.org Photo - https://mma.prnewswire.com/media/894740/Frost_Sullivan_Leadership_Award.jpg Related Links :http://www.frost.com
