Tag: Vehicle

Hyundai begins building electric vehicle hub in Singapore

SINGAPORE (Reuters) – South Korea’s Hyundai Motor Co started construction on a research and development centre in Singapore on Tuesday that will house a small-scale electric vehicle production facility.

Speaking at the groundbreaking ceremony, Singapore Prime Minister Lee Hsien Loong said the facility may produce up to 30,000 electric vehicles (EVs) annually by 2025 and represents an investment of S$400 million ($295 million).

Singapore is one of the world’s most expensive places to buy a car and does not currently have any auto manufacturing capacity. But the wealthy city-state has set out ambitious plans to phase out petrol vehicles by 2040.

“Automotive activities are becoming viable in Singapore once again. EVs have a different supply chain, fewer mechanical parts and more electronics, which plays to Singapore’s strengths,” PM Lee said.

A Hyundai spokeswoman confirmed the 30,000 unit target but said that the exact capacity was yet to be determined. The

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Amazon, Rivian unveil first custom electric delivery vehicle

  • Amazon unveiled the first of its three custom electric delivery vehicles made by Michigan-based Rivian on Thursday morning.
  • The vans would hit the road in 2021, it said, and can last up to 150 miles on a single charge.
  • The vehicles are Alexa-integrated, and have multiple exterior cameras to give the driver a 360-degree view of their surroundings.
  • The custom vans also include a “dancefloor” inside the driver’s cabin, Amazon added — likely referring to the open space where the driver can move around.
  • Amazon aims to have 10,000 of these vans in operation as early as 2022, and 100,000 by 2030. 
  • Visit Business Insider’s homepage for more stories.

Amazon unveiled its first custom electric delivery vehicle on Thursday morning – and it plans to have 100,000 on the road within a decade. 

The vehicles are made by Michigan-based Rivian, and Amazon is aiming to deploy the first of them

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Automotive Engineering Service Providers Market | Increasing Vehicle Digitization and Electrification to Boost the Market Growth

The global automotive engineering service providers market size is poised to grow by USD 5.31 billion during 2020-2024, progressing at a CAGR of over 6% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201009005403/en/

Technavio has announced its latest market research report titled Global Automotive Engineering Service Providers (ESP) Market 2020-2024 (Graphic: Business Wire).

Disruptive technology-driven trends in the automotive industry have been propelling automotive OEMs to incorporate advanced driver-assistance systems (ADAS) primarily for product differentiation and gain competitive advantage. The significant demand from the consumer end for increased

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Global $7 Bn Automotive Communication Technology Market to 2026 by Application, Bus Module, Vehicle Class and Region

The “Automotive Communication Technology Market – By Application, By Vehicle Class, and By Region – Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026” report has been added to ResearchAndMarkets.com’s offering.

The global Automotive Communication Technology market amassed revenue worth nearly 7 (USD Billion) in 2019 and will register a CAGR of over 17% during the period from 2020 to 2026.

The report offers assessment and analysis of the Automotive Communication Technology market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, sales estimates, opportunities, evolving trends, and industry-validated data. The report offers historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion).

Introduction

Automotive sector has emerged swiftly as a result of growing utilization of electronic control units that has favorably impacted the myriad vehicle subsystem communications. This is anticipated to

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Amazon debuts its first fully electric delivery vehicle, created in partnership with Rivian

Amazon has received delivery of its very first, custom-built EV delivery van – a vehicle built through its partnership with electric transportation startup Rivian. The van doesn’t look too different from existing, traditional fuel and hybrid commercial delivery vans (though there are a lot more rounded edges) but most of the innovation is happening in less obvious places.

In a blog post detailing the vehicle, Amazon outlined some of the unique features of its custom vehicle, including sensor-based highway driving and traffic assist features; exterior cameras that can provide a 360-degree view for the driver via a digital display; a larger interior floor space in the cabin to help with drivers getting to and from the cabin compartment; surround tail lights for better braking visibility for other drivers; integrated three-level shelving and a bulkhead cargo compartment separating door; and finally, of course – built-in Alexa voice assistant integration.

Amazon announced

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Apple Contractor Foxconn Pushes Further Into Electric Vehicle Production

Foxconn Technology, the world’s biggest contract assembler of consumer electronics and main assembler of Apple products, says it has joined forces with a fellow Taiwanese hardware firm to delve further into electric vehicle production as the global market is set to grow.

The assembler founded by one of Taiwan’s richest people, billionaire Terry Gou, formed a “strategic alliance” with Yageo Group, Foxconn announced last week. The alliance will advance Foxconn’s fledgling electric vehicle business by sharing Yageo’s years of experience in EV components along with its knowhow in 5G technology and semiconductor packaging, the statement says.

“Through the cooperation with Hon Hai Group, we are able to enlarge mutual technological benefits and resource sharing to maximize the value of both groups and see multiple growths in the

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Lucid Motors: Everything to Know About the New Electric Vehicle Company Gunning for Tesla

Text size

The Lucid Air electric vehicle.


Courtesy Lucid Motors

Another electric vehicle is coming to market. This time, it isn’t an all-electric truck like the

Tesla

Cybertruck or the

Nikola

Badger. And it isn’t a futuristic people mover like Canoo is planning, nor an SUV like Fisker’s.

The new EV is a luxury sedan like the Tesla (ticker: TSLA) Model S. It’s the Lucid Air from Lucid Motors, a privately held EV maker. The Air made its debut in Silicon Valley Wednesday evening.

“Lucid Motors is driven to make the electric car better, and by doing so, help move the entire industry forward, toward accelerated adoption of sustainable mobility,” said Lucid CEO Peter Rawlinson in a news release. “With the Lucid Air, we have created a halo car for the entire industry, one which shows the advancements that are possible by pushing the boundaries of EV technology and performance

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StradVision Unveils New Solution for Vehicle 360-degree Vision at NVIDIA’s GPU Technology Conference 2020

SEOUL, South Korea, Oct. 5, 2020 /PRNewswire/ — StradVision will reveal its new Advanced Driver-Assistance Systems (ADAS) solution for automotive surround view monitoring at NVIDIA’s 11th GPU Technology Conference (GTC) 2020.

The annual event, held online from October 5 to 9 this year due to COVID-19, has previously attracted more than 45,000 registered attendees. It brings together industry leaders, specialists, developers, researchers, engineers, and innovators looking to enhance their skills, exchange ideas, and gain a deeper understanding of how AI will transform their work.

Available to GTC’s registered attendees as an on-demand presentation, StradVision Platform Engineer Kukhyun Cho’s session will explain how the company’s flagship product SVNet works with Surround View Monitors (SVMs) to form an accurate, 360-degree visualization of a vehicle’s environment. Through a process called Edge Blending, the image edges from front, rear, left, and right cameras are seamlessly fused into one combined image.

This vision

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Tesla Hits Record High Of 140,000 Q3 Vehicle Deliveries

Tesla  (TSLA) – Get Report published a stronger-than-expected third-quarter delivery total Friday, but still looks set to fall short of its 500,000 full year target.

Tesla said deliveries for the three months ending in September were pegged at record 139,300, just ahead of the Street consensus, as production increased to 145,000 vehicles. The third quarter total compares to a 90,650 tally for the three months ending in June. That  still leaves Tesla needing to shift 166,000 cars — another record — over the final three months of the year to meet its 2020 estimate of 500,000.

Tesla’s Model 3 sedan and Model Y SUVs lead the gains, with 128,044 units produced, and 124,100 delivered, the company said, thanks in part to improving demand in China and the pace of work at its new Shanghai factory.

“In terms of days of sales, new vehicle inventory declined further in Q3

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Worldwide Passenger Car and Commercial Vehicle Instrument Clusters Industry to 2026 – Impact of the COVID-19 Pandemic

DUBLIN, Sept. 29, 2020 /PRNewswire/ — The “Passenger Car and Commercial Vehicle Instrument Clusters Market Size Analysis and Outlook to 2026 – Potential Opportunities, Companies and Forecasts for Instrument Clusters application and technology across End User Industries and Countries” report has been added to ResearchAndMarkets.com’s offering.

The Passenger Car and Commercial Vehicle Instrument Clusters market is one of the dynamic digital and display technology segments with major factors such as technological advancements, wide range adoption and large scale applications.

The COVID-19 pandemic has had a negative impact on the market size for the year 2020, with small and medium scale companies struggling to sustain their businesses in the near term future. The Passenger Car and Commercial Vehicle Instrument Clusters market growth has become variable by region with some countries offering huge growth potential while others face closures and low profit margins.

Over the medium to long term future, the

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