Automotive News and Insights

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Automotive News and Insights

Stay ahead of the curve with AutoTechInsight's daily automotive news and insights, offering a fresh and succinct yet insightful perspective on the latest trends and developments as they emerge in the automotive industry. Our dedicated Automotive Supply Chain and Technology team tirelessly sources and aggregates the most relevant news on technology, supply chain, and OEM strategy. But that's not all - we go the extra mile to analyze their significance and contextualize them with the help of our original research and forecasts.

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Latest assets for Automotive News and Insights

BYD Semiconductor collaborates with TSMC and MediaTek on advanced automotive chips

BYD Semiconductor, a chip design offshoot of BYD, has been collaborating with TSMC and Mediatek in the development of a central automotive controller chip and a cutting-edge, 4-nanometer (nm) smart cockpit chip, according to a report published by eeNews Automotive on Nov. 20. The central controller chip designed by BYD Semiconductor is highlighted for its capability, boasting a performance of 80 tera operations per second (TOPS) in its smart driving system. This innovation is poised to c...

news
M&A
22-Nov-2024

Bose acquires McIntosh Group to expand premium audio offerings

Bose Corp. has announced its acquisition of McIntosh Group, the parent company behind the luxury audio brands McIntosh and Sonus faber, and manufacturer of premium amplifiers, speakers, turntables and other audio products. This acquisition significantly expands Bose’s portfolio of premium audio solutions for various markets, including automotive. According to Bose, the acquisition brings together “two industry pioneers with more than 175 years of combined, deep technical expertise a ...

XCharge NA and Grensol partner for sustainable EV charging solutions

XCharge North America (XCharge NA), specializing in DC fast-charging and battery-integrated electric vehicle solutions, announced a partnership with the Grensol Group to enhance sustainable, electrified travel by focusing on the reduction of end-of-life waste from electric vehicle supply equipment (EVSE), specifically targeting EV charging cables and modules. This collaboration is set to provide Grensol and its research partner, Worcester Polytechnic Institute (WPI), with broken or worn-dow...

LG Chem, Exxon Mobil sign non-binding MOU for lithium offtake

Exxon Mobil Corp. and LG Chem have signed a non-binding memorandum of understanding (MOU) for a multiyear offtake agreement of up to 100,000 metric tons of lithium carbonate, LG Chem announced Nov. 20. The lithium will be supplied from ExxonMobil’s planned project in the US to LG Chem’s cathode plant in Tennessee, US, which LG Chem expects to be the largest of its kind in the US, the South Korean material supplier said in a statement. LG Chem’s Tennessee-based cathode plant brok...

AutoTechInsight Weekly - 2 December 2024

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CES 2025: LeddarTech to showcase latest AI-driven automotive software in collaboration with Arm and TI

As reported in a press release on Nov. 27, 2024, LeddarTech has announced its participation in Consumer Electronics Show (CES) 2025, taking place from Jan. 7 to 10, 2025, in Las Vegas. At this event, the company will showcase its LeddarVision technology, a patented AI-driven software that enhances advanced driver assistance systems, autonomous driving and parking applications through low-level sensor fusion and perception. LeddarTech will be located at booth 6752 in the LVCC West Hall,...

news
Financial results
02-Dec-2024

Autonomous vehicle company WeRide unveils next-gen robo-taxi platform

In November, WeRide released its unaudited financial results for the third quarter and first nine months ended Sept. 30. Building upon its Nasdaq-listing momentum, WeRide has been pushing forward with its strategic goals in the autonomous driving sector, marked by significant technological and global partnership milestones. In October, WeRide introduced its GXR robo-taxi platform with Level 4 autonomous driving systems and Sensor Suite 5.6. WeRide's expansion strategy is evident in its strate...

Baidu gains license for autonomous vehicle trials in Hong Kong

Baidu has secured a license to conduct trials for its Apollo Go robo-taxi service in Hong Kong, marking a notable expansion of its operations beyond mainland China, according to a report published by Reuters on Nov. 30. The license, granted by Hong Kong's Transport Department to Baidu Apollo International Ltd., authorizes the company to test 10 autonomous vehicles in North Lantau. This license is set to be valid from Dec. 9, 2024, to Dec. 8, 2029. However, during the initial phase of the...

Automotive Supplier Outlook 2025: Volume 1 Companies A - D

S&P Global Mobility has engaged senior executives from 42 suppliers in the automotive supply chain for an end-of-year interview initiative. This initiative seeks to gather valuable insights on the challenges faced in 2024 and the strategies being formulated for 2025, prioritizing genuine experiences over elaborate strategies. This report is the first of four volumes published in late 2024. Key discussion points encompass significant trends impacting suppliers, such as shifts in demand dyn...

Steel deal: The weight is over

The automotive industry is increasingly focused on reducing vehicle weight to enhance fuel efficiency, reduce emissions, and comply with stringent regulations. Steel, a primary material in vehicle construction, plays a pivotal role in this lightweighting trend. The shift toward lighter vehicles is driven by regulatory frameworks such as the EU's CO2 emissions targets, which mandate a reduction in average fleet emissions to 93.6 g/km by 2025, and the UK's zero-emissions vehicle (ZEV) mandate, whi...

Interview with CTO of Stellantis: “Relying solely on cloud processing is impractical”

Stellantis is a global automotive leader formed from the merger of Fiat Chrysler and PSA Group, encompassing 14 brands such as Jeep, Peugeot and RAM. The company focuses on electrification, connected technologies and operational efficiency, aiming for a sustainable future while addressing diverse consumer needs across major markets. The original equipment manufacturer is committed to achieving a 100% zero-emission lineup in Europe by 2030, focusing on affordability and technological innovatio...

Lighten up: How aluminum is stealing the show

As regulatory pressures to reduce emissions intensify, manufacturers are increasingly turning to aluminum to boost fuel efficiency. Vehicles made from aluminum can weigh up to 50 percent less than their steel counterparts, leading to significant reductions in fuel consumption and greenhouse gas emissions. This lightweighting trend aligns with global regulatory frameworks designed to lower carbon footprints, including the European Union's strict CO2 emissions targets and the US Corporate Avera...

Automotive Supplier Outlook 2025: Volume 1 Companies A - D

EV battery prices will continue to fall, despite upward movement in battery material prices

Lithium-ion (Li-ion) battery prices have decreased around 90% over a past decade. In the past one year itself, prices have fallen nearly 25%. What’s causing the prices to fall so dramatically? This was primarily due to the fall in prices of critical battery metals: Lithium, cobalt and nickel. For example, the price of cobalt has fallen from roughly $70,000 per metric ton in 2022 to about $30,000 in 2024. Similarly, the price for lithium carbonate has also fallen from a high of approximately $7...

insights
Car Cutaways
22-Nov-2024

Suppliers to the CUPRA Terramaris

The new CUPRA Terramaris designed in Barcelona and manufactured in Győr, Hungry. Production of the car is expected to peak at 71900 in 2025, according to a forecast from S&P Global Mobility. Image Source : CUPRA Suppliers to the CUPRA Terramaris COMPONENT NAME SUPPLIERS Low -voltage battery Clarios A/C Compressor Denso Die-Casting Inverter Housing FOMA Spa Gear Shifter - Shift by Wire Kostal ...

Charge point operators struggle for profitability amid BEV slowdown, high costs

In October 2024, French Energy company Engie SA ceased operations of EV Box, an Amsterdam-based supplier of EV charging stations for residential and commercial purposes, after failing for months to find a buyer for its loss-making subsidiary. The only saving grace was that Engie managed to sell off EV Box’s DC business, named EVTronic, to engineering and electrical installation services company Financière de Pessac, which took over EV Box’s facility in Bordeaux, France. Although Engie sa...

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