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Market Activities

Hyundai America Technical Center, Inc. (HATCI) partners with the American Center for Mobility (ACM) for advancement of CAV technology

ACM-telematicswire

Hyundai America Technical Center, Inc. (HATCI) is entering into a long-term partnership with the American Center for Mobility (ACM) to support the advancement of connected and automated vehicle (CAV) technology. HACTI —one of the founding members with AT&T, Toyota, and Ford— will contribute $5 million to support the creation of …

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Delphi acquires nuTonomy

Delphi_Automated_Drive_Ottomatika_Audi_Coast

Delphi Automotive, high-technology company that integrates safer, greener and more connected solutions for the automotive and transportation sectors, is all set to acquire nuTonomy, an MIT spin-off technology startup company that makes software to build self-driving cars and autonomous mobile robots, for an upfront purchase price of $400 million and earn-outs …

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Continental and China Unicom Smart Connection formed joint venture – Unicom Continental Intelligent Transportation Technology

UCIT-telematicswire

The technology company Continental and China Unicom Smart Connection, a fully owned subsidiary of China Unicom, unveiled the newly formed joint venture – Unicom Continental Intelligent Transportation Technology (Shanghai) Co., Ltd. The company is jointly invested by Continental and China Unicom Smart Connection with an equal 50 percent share and …

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Automotive telematics systems revenues to reach $6.7B globally in 2023, nearly tripled from 2016

Connected-vehicle-telematicswire

Global revenue from automotive telematics systems will grow at a compound annual growth rate (CAGR) of nearly 17 percent to more than $6.7 billion by the end of 2023, according to new research from business information provider IHS Markit. Other points highlighted by the report: More than 33 million light …

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Market for Cloud based solutions for automotive is estimated grow at ~20% to reach USD 66.95 Billion by 2022

connected-vehicle-cloud-Ericsson

The market for Cloud based solutions for automotive is estimated to be USD 27.03 Billion in 2017 and is projected to grow to USD 66.95 Billion by 2022, at a CAGR of 19.88% during the forecast period, according to a report by MarketandMarkets. According to the report, the cloud based …

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GENIVI Alliance working on Vehicle Domain Interaction Strategy

GENIVI-T'wire

The GENIVI Alliance is working on a Vehicle Domain Interaction Strategy focused on developing open standard interfaces and code that will define the necessary paths bridging multiple car software domains. The new GENIVI Vehicle Domain Interaction Strategy is primarily based on a key market trend of system on a chip …

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Automated vehicles will result a range of complex regulatory challenges that can affect the insurance market profoundly

Autonomous_CarsAutonomous_Cars

Berg Insight has released new findings about the effect of autonomous cars on auto insurance. Several major trends are currently impacting the motor insurance market, which has resulted in higher competitiveness and new stakeholders on the market. The integration of telematics technology constitutes the latest revolution for the automotive insurance …

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Safety of the vehicles, including the risk of hacking, remain key concerns for Americans regarding autonomous vehicles

Nissan LEAF at CEATEC Japan 2013 demonstrating Autonomous Drive

AIG conducted Autonomous Vehicle Insights study last month in partnership with McLaughlin & Associates and Pinkston Group. It studied the responses from 1,000 adults in the United States online, with an accuracy of +/- 3.1 percent at a 95 percent confidence interval. Americans are highly polarized as to whether to …

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Daimler Mobility Services acquires German ride sharing startup, flinc

Daimler-flinc-telematicswire

Daimler Mobility Services has announced the full acquisition of the Darmstadt-based flinc GmbH. flinc is the leading provider of door-to-door ridesharing for short- and medium-haul routes. The start-up launched the flinc platform for short-distance carpooling in 2011. Today, around half a million customers are registered with the platform. As the …

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Mazda, Denso, and Toyota agree to establish a new company dedicated to EVs

mazda-denso-toyota-telematicswire

Mazda, Denso, and Toyota will jointly develop basic structural technologies for electric vehicles according to a contract signed by the three companies. A new company consisting of selected engineers from the three companies, will also be established to ensure the efficient implementation of the joint technological development projects. The new company …

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