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Market Activities

NXP Semiconductors in talks with Baidu on a partnership to promote self-driving technology

Baidu-T'wire

NXP Semiconductors is in talks with Baidu on a partnership to promote self-driving technology, according to a report by ChinaDaily. The automotive market in China is expanding rapidly and has surpassed the US market to become the largest. The technological advancements in the country have given a boost to the electric …

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India: Unlimit and IBM collaborate to co-create IoT solutions for specific industry verticals

unlimit-telematicswire

Unlimit, a business venture of Reliance Group and IBM announced a strategic collaboration that brings together Unlimit’s  industry-specific Internet of Things (IoT) solutions with IBM IoT capabilities to unlock new value for businesses in India. Both the companies will co-create IoT solutions for specific industry verticals including automotive, insurance, utilities, …

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China: Tencent and Guangzhou Automobile to collaborate on internet-connected cars

China-automotive-Industry-T'wire

Chinese automotive industry is moving briskly towards connected cars. Recently China’s Tencent Holdings and Guangzhou Automobile Group Company entered into an agreement to collaborate on internet-connected cars, according to a report by Reuters. Under the agreement, both the companies will work together to develop internet-connected cars and artificial intelligence-aided driving. …

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Renault, Nissan and Mitsubishi announce new six year plan, focus on EVs, autonomous drive tech

alliance-telematicswire

Groupe Renault, Nissan Motor and Mitsubishi Motors, the world’s largest automotive alliance have announced a new six-year plan. The alliance as set  the following objectives: More than 9 million vehicles to share four common platforms Proportion of common powertrains to rise from a third to three-quarters of total volumes Additional …

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Mahindra and Ford to work together leveraging their mutual strengths

Mahindra-telematicswire

Mahindra Group and Ford Motor Company have signed a memorandum of understanding, under which both the companies will be working together leveraging their mutual strengths. Teams from both companies will collaborate and work together for a period of up to three years. Any further strategic cooperation between the two companies …

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Over-The-Air (OTA) updates market for automotive is to grow at a CAGR of 18.2% reaching USD 3.89 Billion by 2022, report says

inmarsat-telematicswire

According to a report by Research and Markets, the global Over-The-Air (OTA) updates market for automotive is projected to grow at a CAGR of 18.2% from 2017 to 2022, and to reach USD 3.89 Billion by 2022. The report further says that stringency of vehicle safety legislations and increasing demand …

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Samsung establishes an innovation fund while subsidiary Harman forms strategic business unit dedicated to automotive

Samsung-t'wire

Having secured licenses for on-road testing of autonomous driving software and hardware under development in Korea and California, Samsung is making efforts to cement its place in the automotive space. The company has established a $300-million fund–named as Samsung Automotive Innovation Fund–focussed on connected car and autonomous technologies, smart sensors, …

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Waymo’s autonomous software may cause disruption across the automotive value chain: Frost&Sullivan

Waymo to launch self-driving taxis in Phoenix

Frost& Sullivan has released a paper “Strategic Analysis of Waymo’s Future Autonomous Disruptive Capabilities for the Automotive Industry”. According to it Waymo’s autonomous software may cause disruption across the automotive value chain from OEMs to dealerships. Some points raised by it are: Waymo could potentially help commercialize its autonomous technology …

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Siemens all set to buy self-driving software specialist Tass International

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German industrial group Siemens is all set to buy Dutch self-driving software specialist Tass International, according to some reports. The monetary details have not been disclosed yet. The acquisition will strengthen the Siemens’s automotive business. The company plans to combine Tass’s software with its own advanced simulation products and the …

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Octo Telematics and Agero partner to deliver an integrated crash management solution

Octo-T'wire

Octo Telematics and Agero have announced a partnership to deliver an integrated crash management solution to enable carriers to more proactively and quickly respond to any crash situation, and will permit insurance carriers to improve First Notice of Loss (FNOL) services and savings. Octo Telematics is a leading global provider of telematics and …

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