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Tag Archives: Joint Venture

Sapcorda Services, a JV to bring high precision GNSS positioning services to mass market applications

Bosch, Geo++, Mitsubishi Electric and u-blox have announced the creation of Sapcorda Services GmbH, a joint venture that will bring high precision GNSS positioning services to mass market applications. The four parties recognized that existing solutions for GNSS positioning services do not meet the needs of emerging high precision GNSS …

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Daimler, BAIC will jointly invest five billion RMB in electric vehicles in China

Xu Heyi, Vorstandsvorsitzender der BAIC Group (links) und Hubertus Troska, Vorstandsmitglied der Daimler AG (rechts) unterzeichnen Rahmenvereinbarung. Quelle: Bundesregierung / Guido Bergmann  //  Xu Heyi, Chairman of the BAIC Group (left) and Hubertus Troska, Member of the Board of Management of Daimler AG (right) sign framework agreement. Source: Bundesregierung / Guido Bergman

Daimler and BAIC Motor have agreed to jointly invest five billion RMB for Battery Electric Vehicles (BEVs) and battery localization at Sino-German joint venture BBAC. In the presence of German Chancellor Dr. Angela Merkel and Chinese President Xi Jinping, both company partners announced a framework agreement to further deepen cooperation …

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Groupe Renault and Oktal come togather to form a simulation joint venture

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Groupe Renault will acquire a 35 percent stake in a new joint venture, Autonomous Vehicle Simulation (AVS), formed together with Oktal, a subsidiary of Sogeclair, a French aerospace and simulation company. This step will allow Renault and the Renault-Nissan Alliance to continue delivering a menu of advanced technologies by furthering …

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Hitachi and Honda establish a joint venture for the development, manufacture and sales of motors for electric vehicles

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Hitachi Automotive Systems and Honda Motor have established a joint venture company for the development, manufacture, and sales of motors for electric vehicles on the premises of Hitachi Automotive Systems in Hitachinaka-shi, Ibaraki Prefecture. The two companies have conducted discussions based on a Memorandum of Understanding signed on February 3 …

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JV between Flex and Caruma to develop AI-powered, vision-based interior systems for automakers

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AGM Automotive, developer and supplier of automotive interiors and consoles – recently acquired by Flex – has entered into a joint development and licensing agreement with Caruma Technologies, Inc., an Intelligent Connected-Vehicle Platform company, to develop AI-powered, vision-based interior systems for automakers. The two companies will collaborate on the integration …

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Minda and TTE form JV to manufacture and sell driving assistance products and systems

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Minda Industries Limited, the flagship company of UNO MINDA Group, has joined hands with Tung Thih Electronic Co. Ltd. (“TTE”), to form a 50:50 Joint Venture in India.  Tung Thih Electronic Co. Ltd. is a premier Taiwanese player engaged in manufacturing & Sale of Driving Assistance Products & Systems (DAPS). …

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Suzuki, Toshiba and Denso agree to establish a joint venture company for production of automotive lithium-ion battery packs in India

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Suzuki, Toshiba and Denso have reached basic agreement on establishing a joint venture company for production of automotive lithium-ion battery packs in India, and signed the agreement. In India, higher attention is being paid to environment, and new CO2 standards for automobiles is planned to be introduced.  In the Indian …

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Hitachi and Honda aim to establish a JV for the development, manufacture and sales of motors for electric vehicles

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Hitachi Automotive Systems, Ltd., and Honda Motor Co., Ltd., have announced the signing of a Memorandum of Understanding (“MoU”) on Feb. 3, aiming to establish a joint venture company for the development, manufacture and sales of motors for electric vehicles. The two companies now will conduct formal discussions regarding the …

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Nexteer and Continental to form a joint venture for motion control systems and actuator components

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Nexteer Automotive and Continental announced during a press conference at the North American International Auto Show their agreement to form a joint venture focused on the advancement of motion control systems and actuator components for automated driving.  This joint venture will combine Nexteer’s advanced steering and driver assistance (ADAS) technologies …

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