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Toshiba’s Visconti 4 image recognition processor selected by leading Chinese manufacturer for ADAS

Green Car Congress

Toshiba Electronic Devices & Storage Corporation announced that Zhejiang Asia-Pacific Mechanical & Electronic Co. The decision recognized the growing number of vehicles incorporating ADAS functions on China’s roads, with the Chinese market for vehicle-mounted cameras expected to grow fourfold from 2019 to 2030, to almost US$6.1

Chinese 221
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Daimler takes 12% stake in Chinese parter BAIC Motor; first non-Chinese automotive company to acquire an interest in a Chinese OEM

Green Car Congress

This marks the first investment by a non-Chinese automotive company in a Chinese OEM. The official closing of the transaction followed a short time after the signing of the investment agreement between the two companies in Stuttgart earlier this year and a smooth approval by the relevant Chinese authorities.

Chinese 259
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The $10,000 BYD Seagull EV is scaring the U.S. auto industry

Teslarati

Although competitive Chinese automaker BYD isn’t yet slated to enter the U.S. at this point, the company has been beginning to deliver its EVs in several markets throughout Europe and Asia. “The Chinese car companies are the most competitive car companies in the world,” Musk said during the call.

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Continental AG Opens Asia HQ and RD Center in Shanghai

Green Car Congress

The international automotive supplier Continental AG has opened its new Asia Headquarters and R&D Center in Shanghai’s Yangpu district, China. The Center aims to provide increased localization and advanced technical support to customers in the Chinese market.

Asia 186
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Pike forecasts sales of electric two-wheelers in Asia Pacific to reach more than 65M units in 2018; China dominates

Green Car Congress

Electric two-wheel vehicle sales by country, Asia Pacific: 2012-2018. China will reach more than 355 million units by 2018, with cumulative electric two-wheel vehicle sales in Asia Pacific will reach more than 381 million units in 2018. —“ Electric Two-Wheel Vehicles in Asia Pacific ”. Source: Pike Research. E-Motorcycles.

Asia 244
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Tesla executives looking for 790-acre land in Thailand: Prime Minister

Teslarati

In an apparent bid to highlight Thailand’s potential position as an electric vehicle manufacturing hub in Southeast Asia, Thai Prime Minister Srettha Thavisin personally accompanied Tesla executives on a tour of potential industrial sites last week. A month later, he held a crucial meeting with Tesla CEO Elon Musk.

Thailand 124
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Ricardo wins new large engine design contract from China’s Weichai Power

Green Car Congress

The new engine is targeted at achieving internationally competitive levels of performance and fuel economy and durability and cost of ownership. This contract is a further demonstration both of Ricardo’s leadership in large engine technology and commitment to the Chinese market. —Ricardo Asia president Gary Tan.

Design 210