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    Does the acquisition of Arm give NVIDIA the keys to autonomous driving?
    US-based NVIDIA’s announced agreement to acquire UK-based Arm from SoftBank is a significant development for automotive electronics. Arm brings CPU intellectual property (IP) expertise that has enabled low-powered, embedded solutions, and NVIDIA’s graphics processing unit (GPU) IP expertise has ...
    Mainland China’s mobility service market to drive demand for autonomous driving technology
    Since the first autonomous car competition organized by the US Department of Advanced Research Project Agency (DARPA) in 2004, the United States has been at the center stage of autonomous driving. Alphabet’s Google Self-Driving Car Project, which later became an independent company called Waymo, w...
    14-Aug-2020 Insights Technology Trends Pinned
    Toyoda Gosei develops LED illuminated emblem
    Toyoda Gosei Co., Ltd. has developed an LED illuminated emblem to light up the front face of vehicles, the Japanese supplier said in a press release on 18 September 2020. It will be used on several models of VOYAH, a luxury brand of new energy vehicles (NEVs) that will be launched starting in 2021 b...
    21-Sep-2020 News New Products
    Sumitomo Bakelite develops plant-based phenolic resin for automotive applications
    Sumitomo Bakelite has developed a new plant-based solid novolac phenolic resin for automotive applications, according to a report by Plastics Today on 8 September. The new material, which the company manufactures on a commercial basis, uses lignin as a raw material. Sumitomo Bakelite said the new ma...
    21-Sep-2020 News New Products
    Kia to launch seven new dedicated BEVs by 2027
    In a press release dated 15 September, Kia Motors announced that it will launch seven new dedicated battery electric vehicles (BEV) by 2027. Kia’s first dedicated BEV, codenamed CV, is scheduled to launch in 2021 and will showcase Kia’s new design direction. The company expects BEVs to account f...
    17-Sep-2020 News New Products
    Panasonic launches ‘Conductive Ventures II’ with investment commitment of USD150 million
    Panasonic has launched a new fund ‘Conductive Ventures II’ with a commitment of USD150 million, a 50% increase from the first fund, the Japanese supplier announced in a press release on 15 September. Headquartered in California, the new fund will invest in expansion stage enterprise software and...
    Nuvve Corporation provides key technology for V2G project in Japan
    Nuvve Corporation will offer key technology for a vehicle-to-grid (V2G) project in Japan, the company said in a press release on 9 September. The project aims at demonstrating how plug-in hybrid electric vehicles (PHEV) and battery electric vehicle (BEV) batteries can be aggregated into a virtual po...
    Toyota Research Institute Advanced Development to establish new investment fund
    Toyota Research Institute - Advanced Development, Inc. (TRI-AD) has announced that it will create a new global growth-stage investment fund called 'Woven Capital, L.P' according to a press release on 10 September 2020. The USD800 million fund will invest in growth-stage companies that are de...
    AGC supplies curved large cover glass for new 2021 Cadillac Escalade
    AGC is supplying its curved-large cover glass for car-mounted displays for Cadillac's model year 2021 Escalade, the Japanese supplier announced in a press release on 10 September. AGC’s Dragontrail™ is a specialty glass receptive to chemical strengthening that has been enhanced with chemical rei...
    Dürr partners with Techno Smart for EV battery manufacturing technology
    Dürr is partnering with Techno Smart, a leading Japanese manufacturer of coating systems, Dürr said in a press release on 4 September 2020. The company covers all relevant technologies for coating electrodes for lithium-ion batteries. “With Techno Smart as our cooperation partner, we want to ...
    Hyundai Motor Group partners with SK Innovation for EV battery development
    Hyundai Motor Group and SK Innovation have entered into a partnership for development of electric vehicle (EV) battery ecosystem, the automaker announced in a press release on 8 September. Under the partnership, the two companies will collaborate in diverse business areas related to the EV battery i...
    Startup Stradvision picks BlackBerry’s QNX Software Development Platform for ADAS in South Korea
    Stradvision will use BlackBerry’s QNX Software Development Platform for Advanced Driver Assistance Systems (ADAS) and autonomous vehicles from South Korean automakers, the company said in a press release on 7 September. BlackBerry is set to license its QNX technology, including its QNX Software...
    NSK develops ultra-high-speed ball bearings for EV motors
    NSK has developed a new ball bearing for use in traction motors of electric and hybrid vehicles, the company announced in a press release on 7 September. The new bearings can allow electric motors to operate at higher speeds, while improving fuel economy, thanks to reduced power consumption per unit...
    08-Sep-2020 News New Products
    Nissan develops new production process for carbon fiber
    Nissan Motors has developed a new production process for manufacturing carbon fiber reinforced plastics (CFRP), the company announced in a press release on 3 September. The new process is expected to speed up the development of car parts made from CFRP. Nissan aims to use the new process to mas...
    HELLA supplies radar sensor technology for Suzuki Swift and Swift Sport in Japan
    HELLA is supplying its 24 GHz radar sensor technology for the driver assistance system of the new Suzuki Swift and Swift Sport, the German supplier announced in a press release on 2 September. Suzuki Motor Corporation has launched the new Suzuki Swift and Swift Sport in Japan. The technology enables...
    Sompo Holdings to invest USD92 million in autonomous driving software startup Tier IV
    Japanese insurance company Sompo Holdings will invest JPY9.8 billion (USD92 million) for an 18% stake in autonomous vehicle startup Tier IV, according to a report by Nikkei Asian Review on 27 August. Significance: This deal is expected to bring new avenues for the shrinking domestic insurance mar...
    01-Sep-2020 News Investments
    Hyundai Mobis to expand EV parts plant in South Korea
    Hyundai Mobis is building a new plant for electric vehicle (EV) components in Pyeongtaek, Gyeonggi-do, Korea, according to company press release on 26 August. Hyundai Mobis is investing KRW35.5 billion (USD30 million) in new plant, which is located in Poseung District (BIX) in Pyeongtaek spans acros...
    01-Sep-2020 News Investments
    Toyoda Gosei supplies weatherstrip for the new Lexus LC 500 Convertible
    Toyoda Gosei Co., Ltd. is supplying weatherstrips for new Lexus LC 500 Convertible, which was launched in July 2020, the Japanese supplier said in a press release 28 August 2020. Toyoda Gosei supplies 34 weatherstrips of 20 different types for use on the doors, luggage compartment, hood, and elsewhe...
    Hyundai Mobis in talks with two global automakers to supply electrified parts
    Hyundai Mobis is in talks with two global automakers to supply parts for electrified vehicles, Reuters reported on 25 August. The company is hoping to win the order from automakers before the end of the year. “We were not able to supply to other companies because we were busy with keeping up with ...
    Hyundai partners CSIRO, Fortescue Metal Group to jointly develop hydrogen production technology
    Hyundai Motor Co. has signed a memorandum of understanding (MOU) with an Australian think tank Commonwealth Scientific and Industrial Research Organization (CSIRO) and iron ore producer Fortescue Metal Group (FMG) to develop the technology to extract hydrogen from ammonia, Fortescue Metals Group sai...
    Renault Samsung launches all-electric ZOE in South Korea
    Renault Samsung Motors, the company that runs Renault’s operations in South Korea, has launched the Renault ZOE electric vehicle (EV) in the country, according to a report by Korea Bizwire on 18 August. The first vehicles will be delivered in September and will be imported from France after being ...
    20-Aug-2020 News New Products
    Kumho supplies OE tires for Renault Samsung XM3 and Kia Motors Seltos in South Korea
    Kumho Tire is supplying tires as OE fitment for Renault Samsung XM3 and Kia Motors Seltos in South Korea, reports The Korea Herald on 18 August. The Korean tiremaker is supplying its Solus TA31 tires for Kia Seltos in 16- and 17-inch seizes. The company is supplying Solus TA31 tires in 16- and ...
    Toyota, Kyoto University developing fluoride-ion EV battery
    Toyota is working with Kyoto University for developing next-generation fluoride-ion batteries for electric vehicles (EV), Nikkei Asian Review reported on 13 August. The battery that the two organisations are working on has around seven times as much energy per unit of weight as conventional lithium-...
    Tachi-S’s Q1 sales drop 47.8% y/y to USD353.7 million
    Automotive seating supplier Tachi-S has reported a 47.8% year-on-year (y/y) decline in net sales to JPY37.9 billion (USD353.7 million) for the first quarter ended 30 June 2020, according to a company press release on 6 August. The company posted net loss of JPY7.2 billion compared to net loss of JPY...
    Ichikoh’s H1 net sales down 22.7% y/y to USD481.5 million
    Ichikoh Industries, a Valeo company, has reported a 22.7% year-on-year (y/y) decline in net sales to JPY51.7 billion (USD481.5 million) for the first six months ended 30 June 2020, according to a company press release on 7 August. Net loss for the period was JPY636 million, compared with net income ...
    Yokohama’s H1 2020 revenue slides 20.6% y/y to USD2.33 billion
    Yokohama Rubber Co., Ltd. has reported a 20.6% year-on-year (y/y) decline in sales to JPY247.1 billion (USD2.3 billion) for the first six months ended 30 June 2020, according to a company press release on 7 August. Profit attributable to owners of parent declined 92.5% y/y JPY1.3 billion and operati...
    LG Chem's sales increase 2.3% y/y to USD5.7 billion in Q2 2020
    LG Chem has reported a growth of 2.3% year on year (y/y) in its sales to KRW6.9 trillion (USD5.7 billion) during the second quarter ended 30 June 2020, according to a company press release on 31 July. Operating profit for the second quarter touched KRW571.6 billion, which is a strong growth of 131.5...
    ABB to supply 250 EV chargers to Japanese firm eMP
    ABB has received an order for installation of more than 250 ultra-fast electric vehicle (EV) chargers from Japan’s e-Mobility Power Co., Inc, (eMP), ABB said in a press release on 4 August. ABB will provide its newly launched Terra 184 EV chargers to modernize the infrastructure for the country’...
    Central Glass’ Q1 net sales down 16.8% y/y to USD419.6 million
    Central Glass has reported a decline of 16.8% year on year (y/y) in net sales to JPY45 billion (USD419.6 million) for the first quarter ended 30 June 2020, according to a company press release on 31 July. Operating profit for the quarter also fell by 75.6% y/y to JPY424 million, while net profit was...
    Hankook Tire’s Q2 2020 sales fall 25% y/y to USD1.12 billion
    South Korean tiremaker Hankook Tire has reported a 21.4% year-on-year (y/y) decline in sales to KRW1.36 trillion (about USD1.12 billion) for the second quarter ended 30 June 2020, according to a company press release on 3 August. The operating profit for the quarter amounted to KRW70.1 billion, down...
    Aisin Group’s Q1 revenue drops 42.3% y/y to USD5.2 billion
    Aisin Seiki’s revenue declined 42.3% year on year (y/y) to JPY555.3 billion (around USD5.2 billion) in the first quarter ended 30 June 2020, the company said on 31 July. Net loss for the quarter was JPY50.3 billion against net profit of JPY17.4 billion in the same period a year ago. The company po...
    SK Innovation partners with Professor John Goodenough for developing next-gen battery technology
    South Korean battery manufacturer SK Innovation has partnered with Nobel Laureate Professor John Goodenough to develop next-gen battery technologies, the company announced in a press release on 30 July. Professor Goodenough will work with SK Innovation on a  new battery that provides ...
    Toyota collaborates with BluE Nexus on electric drive modules for electrified vehicles
    Toyota has partnered with BluE Nexus Corporation for development of electric drive modules for electrified vehicles, the automaker announced in a press release on 31 July. Toyota will acquire a 10% stake in BluE Nexus as part of the collaboration. BluE Nexus and Toyota intend to strengthen their com...
    Toyota Industries Q1 net sales down 21.8% y/y to USD4.01 billion
    Toyota Industries has reported a 21.8% year-on-year (y/y) decline in net sales to JPY430.8 billion (USD4.01 billion) for the first quarter ended 30 June 2020, according to a company press release on 31 July. The operating loss for the quarter was JPY6.5 billion compared with an operating profit of J...
    Toyoda Gosei partners with US-based wireless power solutions startup Ossia
    Toyoda Gosei has partnered with Ossia, a US-based wireless power solutions startup, to apply wireless power technology in vehicle cabins, smart cities, and more, the two companies said in separate press releases on 29 July. This partnership includes a commercial agreement and strategic investme...
    Mitsubishi to invest in Mizushima Plant in Japan for manufacturing electric Kei-cars
    In a press release dated 28 July, Mitsubishi Motors announced that it will invest JPY8 billion (USD75.8 million) in Mizushima Plant in Japan for manufacturing electric Kei-cars. The investment in the plant will start from August 2020. The investment will be used for establishment of assembly and ins...
    29-Jul-2020 News Investments
    Koito’s Q1 sales decline 45% y/y to USD1.02 billion
    Koito's net sales declined 45% y/y to JPY108.3 billion (USD1.02 billion) in the first quarter ended 30 June 2020, according to a company press release on 28 July. The company posted JPY4.9 billion net loss for the quarter, compared with a net profit of JPY13.9 billion in the same period a year ago. ...
    NGK develops high heat resistance Li-ion battery
    NGK Insulators have developed a high resistance lithium-ion coin-type battery for high-temperature operations, the company announced in a press release on 15 July. The "EnerCera Coin” battery can operate in temperatures of up to 105°C and have potential application in  automotive and industr...
    28-Jul-2020 News New Products
    Polyplastics unveils Duranex PBT grades for ADAS parts
    Polyplastics has developed a new Duranex PBT (Polybutylene terephthalate) materials for Advanced Driver-Assistance Systems (ADAS) parts, the company announced in a press release on 14 July. The material can be used for producing actuators and communications equipment with high durability, alkali res...
    24-Jul-2020 News New Products
    Seven automakers to recall more than 34,000 vehicles in South Korea over faulty parts
    Seven automakers namely Hyundai, Kia, Renault Samsung, Mercedes-Benz, BMW, Toyota, and Hanbul Motors (which imports Peugeot and Citroën vehicles into South Korea) are recalling more than 34,000 vehicles in South Korea to fix separate issues, according to a report by Yonhap News Agency on 17 Ju...
    24-Jul-2020 News Recalls
    Nidec’s Q1 revenue down 6.6% y/y to USD3.1 billion
    Nidec has reported a decline of 6.6% year on year (y/y) in revenues to JPY336.9 billion (about USD3.1 billion) for the first quarter ended 30 June 2020, the Japanese supplier said in a press release on 21 July. Operating profit for the quarter grew 1.7% y/y to JPY28.1 billion. The company posted a m...
    Nexen Tire supplies OE tires for 2020 Volkswagen Golf
    Nexen Tire is supplying N’blue S and WINGUARD Sport 2 tires as original equipment (OE) fitment for the model year 2020 Volkswagen Golf, according to a company press release on 21 July. The tiremaker is supplying N’blue S in size 205/55R16 91V, and WINGUARD Sport 2 in two sizes—195/65R15 91H an...
    Kia Motors and CODE42.ai form JV for EV mobility services
    Kia Motors and CODE42.ai have formed a new joint venture (JV), called Purple M, for electric vehicle (EV) mobility services, the automaker announced in a press release on 20 July. Through this new startup, Kia and CODE42.ai plan to create new concepts for mobility services and realize a shared goal ...
    Hyundai, Kogas to form JV for hydrogen refuelling stations
    Korea Gas Corporation has announced that it will be setting up a new joint venture with Hyundai Motor Company. According to a report filed by South Korean news publication The Korea Herald on 19 July, Korea Gas Corp stated that the two companies have signed a memorandum to expand sustainable hydroge...
    POLICY: South Korea to extend EV subsidy program to 2025
    The South Korean government has extended the timeline of state subsidies on electric vehicles. According to a report filed by South Korea-based news publication Pulse News on 17 July, the sunset provision date for electric vehicle (EV) subsidies has now been pushed back until 2025. This is in lin...
    Toshiba develops constant-current two-phase stepping motor driver for automotive applications
    Toshiba Electronic Devices & Storage Corporation has developed “TB9120AFTG,” a constant-current two-phase stepping motor driver for automotive applications, according to a company press release on 16 July. The new integrated circuit (IC) outputs a sine-wave current using only a simple clock ...
    17-Jul-2020 News New Products
    Nissan unveils all-electric crossover Ariya
    Nissan has unveiled its all-electric crossover Ariya, the company announced in a press release on 15 July. The Ariya will be offered with a two-wheel drive (2WD) and an all-wheel drive (AWD) configurations, and both will come with two battery pack options—a 65-kWh battery and a 90-kWh battery. The...
    16-Jul-2020 News New Products
    Asahi Kasei commercializes engineered resin series ‘SoForm’ surface material
    Asahi Kasei Plastics North America, a subsidiary of Asahi Kasei, has commercialized new engineered resins ‘SoForm™ A Class’ as part of its diverse Thermylene family, the company said in a press release on 15 July 2020. SoForm™ is a Thermylene® glass fiber reinforced polypropylene for s...
    16-Jul-2020 News New Products
    Rheinmetall wins USD34 million order to supply divert-air valves to South Korean OEM
    Germany-based automotive technology supplier, Rheinmetall Automotive, has announced that it has secured a major order from a South Korean carmaker. According to a press statement issued by Rheinmetall Automotive on 15 July, the company will be supplying its divert air valves for a South Korean-based...
    New Kia Ceed gets 48V mild hybrid powertrain and intelligent manual transmission
    Kia is offering 48V mild hybrid powertrain and intelligent manual transmission in the new Ceed models, the company announced in a press release on 8 July. The new EcoDynamics+ powertrain is now offered in the Ceed five-door hatchback, Ceed Sportswagon, ProCeed five-door shooting brake, and XCeed urb...
    15-Jul-2020 News New Products
    Sumitomo Rubber supplies Dunlop brand OE tires for Toyota Hiace
    Sumitomo Rubber Industries, Ltd. is supplying its DUNLOP brand tires as OE fitment for Toyota Hiace, the Japanese tiremaker said in a press release on 2 July. The company is supplying SP175N (SPN) tires for the model. Significance: The SP175N tire featuring a unique tread compound maintains ...
    Toyota to source electrical steel sheet from China Baowu for EVs
    Toyota Motor will source some of its electrical steel sheet for electric vehicles (EV) from mainland Chinese major steel supplier China Baowu Steel Group, according to a report by Nikkei Asian Review on 13 July. Previously, Toyota has mainly sourced this material from Japan's leading steel makers...
    Kia begins production of European-specification Sorento Hybrid at Korean facility
    Kia has started production of its new Sorento Hybrid at its Hwasung production facility in South Korea, the automaker announced in a press release on 9 July 2020. The company said it will also assemble hybrid, gasoline, and diesel variants of the SUV on the same production line. The start of product...
    Renesas unveils pressure sensor solution for EV HVAC systems
    Renesas Electronics has unveiled a new automotive pressure sensor solution ‘ZSSC4132’, the Japan-based supplier of advanced semiconductor solutions said in a press release on 9 July. The solution is ideal for HVAC applications used in plug-in hybrid electric vehicle (PHEV), battery electric...
    10-Jul-2020 News New Products
    Hankook supplies Ventus OE tires for Porsche Taycan electric sports cars
    South Korean tiremaker Hankook is supplying Ventus S1 evo 3 ev tires as OE fitment for the Porsche Taycan, according to a press release on 9 July 2020. The Ventus S1 evo 3 ev tire has been specially developed for the needs of electric vehicles (EV). The company is supplying tires in size 225/55...
    Hyundai Motor, SK Group mull partnership for next-gen EV battery
    Hyundai Motor and SK Group are mulling to enter into a partnership to develop next-generation electric vehicle (EV) batteries, The Korea Herald reported on 7 July. Hyundai Motor Group executive vice chairman Chung Euisun and SK Group Chairman Chey Tae-won met to discuss the battery technologies incl...
    Toyota, Mazda, Panasonic halt operations due to flood in Japan’s Kyushu region
    Automakers Toyota and Mazda, and electronics conglomerate Panasonic have temporarily halted operations at certain plants in Japan’s Kyushu region on 6 July due to heavy rains, Reuters reported on 7 July. Significance: Mazda canceled the second shift at its plants in Hiroshima, and Hofu, Yamaguc...
    LG Chem partners with GS Caltex to develop EV battery specialized services using big data
    South Korean battery maker LG Chem has partnered with GS Caltex to develop electric vehicle (EV) battery specialized services using big data, the company announced in a press release on 7 July. For this, the two companies have also signed a memorandum of understanding (MOU) with Signet EV, Soft Berr...
    Six automakers to recall around 110,000 vehicles in South Korea over faulty parts
    Hyundai, Mercedes-Benz, SsangYong, Porsche, Honda, and Hanbul Motors are recalling approximately 110,000 vehicles in South Korea over faulty parts, Yonhap News Agency reported on 2 July, citing the South Korean Ministry of Land, Infrastructure, and Transport (MLIT). The recall affects certain H...
    07-Jul-2020 News Recalls
    LG Chem to produce batteries for Tesla in South Korea
    LG Chem is planning to produce lithium-ion (Li-ion) batteries for Tesla at its plant in South Korea, Reuters reported on 3 July. The move is to meet the expanded order for batteries from Tesla for the Chinese market. LG Chem is reportedly converting some of its production in South Korea to cater to ...
    Toyota Tsusho invests in Japanese Li-ion battery startup APB
    Toyota Tsusho has made an undisclosed investment in Japanese lithium-ion (Li-ion) battery startup APB, according to a press release on 30 June. APB is a startup that is developing and manufacturing the first large-scale bipolar Li-ion battery modules called ‘All Polymer Battery.’ All Polymer ...
    06-Jul-2020 News Investments
    Sanden’s revenue declines 25.2% y/y to USD1.9 billion in FY 2019/20
    Sanden holdings has reported a 25.2% year-on-year (y/y) decline in revenues to JPY204.8 billion (USD1.9 billion) for the fiscal year ended 31 March 2020, according to a company press release on 30 June. The company posted an operating loss of JPY3.4 billion, compared with an operating income of JPY8...
    Toyota launches new acceleration suppression system
    Toyota has developed a new acceleration suppression system to prevent serious accidents and reduce damage caused by misapplication of the accelerator pedal, the Japanese automaker said in a press release on 1 July 2020. Toyota has launched this system as "Plus Support" for new cars and added the fun...
    01-Jul-2020 News New Products
    Japan and Britain aim to finalize trade deal by end of July
    Japan and Britain are aiming to close a new trade deal by the end of July 2020, and Japan will attempt to secure at least the same tariff levels for automobiles that it has in its existing trade pact with the European Union, said Hiroshi Matsuura, the chief negotiator for trade talks with Britain, a...
    COVID-19 pandemic impact: Japanese supplier Sanden files for debt restructuring with creditors
    Japanese auto supplier Sanden Holdings has filed for debt restructuring with its creditors, according to a press release on 30 June. The company filed applications for the ‘Turnaround ADR Proceedings.’ The filing companies will develop a business revitalization plan through discussions with the ...
    KT Corp to offer in-car infotainment services for Renault Samsung Motors vehicles in South Korea
    South Korean telecom company KT Corp will offer in-car infotainment services for Renault Samsung Motors vehicles which are set to be released this year, Yonhap reported on 25 June. In-car infotainment services will include weather reports, music, podcast streaming and will be integrated through a...
    Mitsubishi Chemical partners with AM Polymers to develop PBT 3D printing grades
    Mitsubishi Chemical Corporation (MCC) and Germany-based new materials startup AM Polymers GmbH (AMP) have entered into an exclusive joint development and commercial partnership agreement on polybutylene terephthalate (PBT) powder product for industrial 3D printing, MCC said in a press release on 15 ...
    Hyundai, Kia and LG Chem launch e-mobility startup program
    South Korean consortium, consisting of Hyundai, Kia and LG Chem have launched a new e-mobility startup program ‘EV and Battery Challenge’, Kia Motors announced in a press release. The program is set to discover new promising startups working on different technologies related to electric vehicles...
    Nissan partners with Sunwoda for next-gen battery development for e-POWER vehicles
    Nissan has partnered with Sunwoda Electric Vehicle Battery to study a joint development of next-generation vehicle batteries for Nissan’s e-POWER vehicles, the automaker announced in a press release today (19 June). The two companies will also discuss the development of an efficient production sys...
    AGC develops light control glass for panoramic sunroof of Toyota's new Harrier
    Japanese supplier AGC has developed light control glass called WONDERLITETM Dx, for the panoramic sunroof of Toyota's new Harrier, which went on sale on 17 June 2020, according to a company press release. The new light control glass WONDERLITETM Dx is composed of a specialized film encapsulated...
    Aisin Seiki invests in StradVision Series B fundraising
    StradVision Inc., a startup focused on vision processing technology for autonomous vehicles, has received a strategic investment from Japanese automotive supplier Aisin Siki Co. as part of its USD27 million Series B fundraising, according to a report by The Robot Report on 16 June. Aisin Group inves...
    18-Jun-2020 News Investments
    Hankook Tire to supply Kinergy GT OE tires for MY 2021 Chevy Trailblazer
    Hankook Tire will supply its all-season tire Kinergy GT (H436) tires as OE fitment for Chevrolet's all-New 2021 Trailblazer, according to a company press release on 15 June 2020. The company will supply Kinergy 225/55R18H for Trailblazer RS, and the Dynapro AT2 (RF11) 225/60R17H for the ACTIV t...
    Toyoda Gosei announces management and organizational changes
    Toyoda Gosei has announced certain management and organizational changes, the Japanese supplier said in a press release on 12 June. The company has established a new Emblem Business Division to accelerate business planning development and production of millimeter wave compatible emblems, a key produ...
    COVID-19 pandemic: Hyundai Motor Group, GM Korea join South Korean government’s move to support auto parts suppliers
    The South Korean government has joined hands with local automakers, including Hyundai Motor Group (HMG) and GM Korea, for guarantee funds to support the struggling auto parts suppliers in the country hit by the COVID-19 pandemic, The Korea Herald reported on 11 June. The Ministry of Transport, ...
    12-Jun-2020 News COVID-19
    Additive manufacturing company Yamaichi signs MOU with nTopology for nTop software
    Yamaichi Special Steel (YSS) has signed a memorandum of understanding (MOU) with nTopology to promote nTopology’s new generation nTop software in Japan, news website 3D Printing Media Network reported on 4 June. Under the agreement, YSS will bring the nTop solution to its customers based in Japan ...
    Radar sensing startup Bitsensing raises USD5.8 million in pre-A Series funding round
    South Korean radar technology startup Bitsensing has raised USD5.8 million in a Pre-Series A round of funding, according to a company press release on 9 June. The funding round was led by LB Investment, a leading venture capital in South Korea, and Mando Corporation, a South Korean global tier-1 aut...
    Denso opens ‘Electrification Innovation Center’ in Japan
    Denso has opened an ‘Electrification Innovation Center’ at its plant in Anjo, Aichi in Japan, the supplier announced in a press release on 5 June. The Electrification Innovation Center features a development building, which will house teams focused on developing advanced production technologies ...
    10-Jun-2020 News Investments
    Stanley developing headlamp system combining laser and MEMS scanner
    Japan-based Stanley Electric Co., Ltd. is developing headlamp system by combining laser and MEMS (Micro-Electro-Mechanical System) mirror, which allows high precision light and sensing function, according to a report by LEDinside on 4 June. The company is using blue laser light, which can be reflect...
    05-Jun-2020 News New Products
    Nippon Seiki revenue declines 6.4% y/y to USD2.3 billion
    Nippon Seiki has reported 6.4% year-over-year (y/y) decline in revenue to JPY246.3 billion (USD2.3 billion) in the financial year ended 31 March 2020, the company said in a press release on 3 June. Operating income dropped 46% y/y to JPY7.7 billion. Nippon Seiki concluded the financial year with net...
    Hyundai opens first hydrogen charging station for commercial cars in South Korea
    Hyundai Motor has opened the first charging station for hydrogen-powered commercial cars in South Korea, according to a report by Yonhap News Agency on 3 June. The automaker has established the charging station at its Jeonju plant in Seoul. The station is Hyundai’s first charging station for hydro...
    Toshiba develops new interface bridge ICs for in-vehicle infotainment systems
    Toshiba Electronic Devices & Storage Corporation has introduced two new display interface bridge integrated circuits (ICs) to their product lineup for automotive in-vehicle infotainment (IVI) systems—TC9594XBG and TC9595XBG, according to a company press release on 2 June. The new TC9594XBG and...
    03-Jun-2020 News New Products
    Samsung SDI, EcoPro BM to invest in EcoPro EM JV for EV batteries
    Samsung SDI and EcoPro BM are planning to invest in their battery material joint venture (JV) EcoPro EM, The Korea Herald reported on 29 May, citing Samsung SDI. The two companies will jointly invest KRW120 billion (USD96.9 million) in EcoPro EM. EcoPro BM will invest KRW72 billion in the JV, a...
    02-Jun-2020 News Investments
    NSG’s FY 2019/20 net sales down 9.2% y/y, to USD5.1 billion
    Nippon Sheet Glass (NSG)’s net sales declined 9.2% year on year (y/y), to JPY556.1 billion (USD5.1 billion), in the fiscal year (FY) ended 31 March 2020, according to a company press release on 22 May. Operating profit for the year also dropped 42.5% y/y, to JPY21.2 billion. NSG reported...
    Koito’s net sales falls 3.1% y/y to USD7.4 billion in FY 2019/20
    Koito's net sales declined 3.1% y/y to JPY800.9 billion (USD7.4 billion) in the fiscal year ended 31 March 2020, according to a company press release on 28 May. Net profit for the year was also down 20.4% y/y to JPY58 billion. The Japanese automotive lighting systems supplier recorded a 18.8% y...
    Impact of COVID-19 on Automotive UI/ UX Market
    The coronavirus disease 2019 (COVID-19) pandemic has profoundly disrupted all aspects of the automotive supply chain. Global efforts to control the spread of the virus have impacted both demand and supply, and in turn the industry cumulating in a sharp decline in production. Both automakers and auto...
    29-May-2020 Insights COVID-19
    LG Chem to supply EV batteries to Hyundai Motors
    LG Chem will supply electric vehicle (EV) batteries to the Hyundai Kia Automotive Group, according to a Reuters report on 27 May. Details of the supply contract including the EV model and the full amount of the deal are not disclosed yet. Significance: The South Korean battery manufacturer has be...
    Hyundai Mobis plans to invest USD812 million in R&D projects in 2020
    South Korean auto parts supplier Hyundai Mobis plans to invest KRW1 trillion (USD812 million) in research and development (R&D) projects this year, according to a report by Korea Bizwire on 27 May. Hyundai Mobis stated in its 2020 sustainability report that the company will invest in 2,000 R&...
    Kumho Tire to supply OE tires for SEAT’s Ibiza model
    South Korean tiremaker Kumho Tire has bagged an order for supply of tires as original equipment (OE) fitment from Spanish automaker SEAT for the latter’s Ibiza model, according to a report by The Korea Herald on 25 May. The company has been supplying its Ecowing ES31 185/65R 15 88H for Ibiza since...
    COVID-19 pandemic: MARELLI to produce PPE in Japan
    MARELLI has announces a number of new initiatives in Japan to fight the ongoing COVID-19 pandemic, the company press release said on 22 May. These efforts include production of personal protective equipment (PPE) for healthcare workers in Japan using MARELLI’s expertise, facilities, equipment...
    26-May-2020 News COVID-19
    How COVID-19 will fast-track health and wellness features in the automotive industry
    As the world is adapting to live the “new normal,” the widespread economic impact of the coronavirus disease 2019 (COVID-19) virus is becoming clearer by the day. For industries across the world, the key challenge is not just to fight the pandemic but also to manage its social and economic conse...
    26-May-2020 Insights COVID-19
    Funding: Lidar startup SOS Lab raises USD8 million in Series A+ financing round
    SOS LAB, a Korea-based lidar sensor startup, has raised USD8 million in Series A+ financing round, according to a press release on 20 May. The company has closed the funding last month, led by Korea Development Bank (KDB). Other investment companies such as A ventures, Emford Equity Partners, U...
    SoCar, RideFlux partner to launch autonomous car shuttle service in South Korea
    South Korea's car-sharing app operator SoCar has partnered with a tech startup to launch an autonomous car shuttle service in Jeju, according to a report by Yonhap News Agency on 18 May. The company will use Hyundai's full-electric car Ioniq, which has been integrated with technologies develope...
    Toray develops high tensile modulus carbon fiber and thermoplastic pellets
    Toray Industries, Inc., has developed high tensile modulus carbon fiber and thermoplastic pellets that are ideal for injection molding employing that fiber, according to a press release by the Japanese company on 21 May 2020. Toray said the new material could be used in diverse applications, includi...
    22-May-2020 News New Products
    Ichikoh’s Q1 net sales down 8.1% y/y to USD296.1 million
    Ichikoh Industries, a Valeo company, has reported a 8.1% year-on-year (y/y) decline in net sales to JPY31.9 billion (USD296.1 million) for the first quarter ended 31 March 2020, according to a company press release on 21 May. Net income for the quarter also declined 48.8% y/y to JPY871 million. Lowe...
    Mazda starts production of MX-30 all-electric car in Japan
    Mazda has started production of its MX-30 all-electric car at its Ujina plant in Hiroshima, Japan, the company announced in a press release on 20 May. The MX-30 will arrive in European dealerships from autumn 2020 onward and is now available for order. “A stylish and versatile SUV, the MX-30 has b...
    21-May-2020 News New Products
    COVID-19 pandemic: Bridgestone temporarily shuts down plants in Japan
    Bridgestone Corporation has announced a temporary phased shutdown of its plants in Japan owing to the market situation and decline in the demand, according to a company press release on 20 May. The company has temporarily halted production at Kurume, Nasu, and Hofu plants located in Fukuoka, Tochigi...
    21-May-2020 News COVID-19
    Tokyo Radiator’s FY 2019/20 sales down 4.3% y/y to USD267.9 million
    Japan-based manufacturer of heat exchanger Tokyo Radiator’s net sales declined 4.3% y/y to JPY28.9 billion (USD267.9 million) in the fiscal year ended 31 March 2020, according to a company press release. Operating income also fell by 50.2% y/y to JPY716 million and net profit decreased 91.9% ...
    Panasonic's net sales falls 6.3% y/y to USD69.4 billion in FY2019/20
    Panasonic Corporation has reported a fall of 6.3% year on year (y/y) in its net sales to JPY7.4 trillion (USD69.4 billion) during the financial year ended 31 March 2020, according to a company press release on 18 May. Net income for the fiscal year also dropped by 20.5% y/y to JPY225.7 billion. ...
    Toray to expand Torayfan polypropylene film production capacity at Japanese plant
    Toray Industries, Inc, announced plans to expand production capacity for Torayfan® oriented polypropylene (PP) film for automotive capacitors, according to a company press release 18 May 2020.  The company will expand capacity by 60% at its Tsuchiura Plant in Ibaraki Prefecture in 2022. Sig...
    19-May-2020 News Investments
    AGC’s Q1 net sales falls 1.1% y/y to USD3.3 billion
    AGC’s net sales declined 1.1% year on year (y/y) to JPY357.5 billion (USD3.3 billion) in the first quarter ended 31 March 2020, the company said in a press release on 18 May. Net income dropped by 13.4% y/y to JPY13.5 billion, while operating profit grew 7% y/y to JPY22.3 billion. Sales in the ...
    Tachi-S’s FY 2019/20 net sales fall 6.1% y/y to USD2.6 billion
    Automotive seating supplier Tachi-S has reported a 6.1% year-on-year (y/y) decline in net sales to JPY282.3 billion (USD2.6 billion) for the fiscal year ended 31 March 2020, according to a company press release on 14 May. The company posted net loss of JPY1.56 billion compared to net profit of JPY1....
    Toyo Tires’ Q1 2020 net sales drops 8.9% y/y to USD770 million
    Toyo Tires’ net sales decreased 8.9% year on year (y/y) to JPY82 billion (USD770 million) in the first quarter of 2020, according to a company press release on 12 May. Operating income also declined 31.8% y/y to JPY6.9 billion and net income dropped 62% y/y to JPY2.1 billion. In terms of busine...
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