Remove Auto Industry Remove Connected Remove Global Remove Tech
article thumbnail

Volvo Cars Tech Fund invests in electric car charging company FreeWire

Green Car Congress

Volvo Cars has acquired a stake in mobile EV rapid charging company FreeWire Technologies ( earlier post ) via the Volvo Cars Tech Fund. Drivers thus can enjoy all the benefits of fast charging without operators needing to go through the hassle of establishing a high-voltage connection to the grid.

Volvo 230
article thumbnail

Varroc appoints Dixit Roy Mahidhara as CEO of subsidiary, CarIQ Tech – ET Auto

Baua Electric

Dixit Roy Mahidhara Varroc , a leading global tier-1 automotive supplier, has appointed Dixit Roy Mahidhara as Chief Executive Officer of its subsidiary – CarIQ Technologies Private Ltd. He brings a wealth of experience and expertise to this critical role and will help drive the future of connected vehicles at Varroc, the company said.

Auto 52
article thumbnail

CAR report quantifies automotive’s position as a leading high-tech industry

Green Car Congress

Percentage of Global R&D Spending by Industry, 2013. Source: Booz & Company “Global Innovation”; Battelle R&D Magazine; Center for Automotive Research 2012. The report authors acknowledge the difficulty of defining “high-tech” in an ever-changing economic environment. Click to enlarge. Source: IRI 2013, CAR.

article thumbnail

GM and GlobalFoundries in long-term direct supply agreement for US production of semiconductor chips

Green Car Congress

This agreement supports GM’s strategy to reduce the number of unique chips needed to power increasingly complex and tech-laden vehicles. With this strategy, chips can be produced in higher volumes and are expected to offer better quality and predictability, maximizing high value content creation for the end customer.

GM 170
article thumbnail

CEO’s Take on 2024: Cost efficiency and tech skills make India a global force in auto parts sector, says Nirmal K. Minda, CMD, Uno Minda – ET Auto

Baua Electric

While India has a position as one of the world’s fastest-growing economies, its motor vehicle penetration per capita remains significantly lower compared to the global average. However, this disparity is anticipated to narrow gradually, fueled by rising disposable income and ushering in a lucrative market for the auto industry.

India 52
article thumbnail

2024 trends in the auto industry promise a focused approach | Autocar Professional

Baua Electric

So, while the Covid-19 lockdowns severely affected the entire automotive industry’s value chain, it also began to embrace a fresh perspective amidst the global crisis. Mobility solutions, green tech, safety Some industry reports predict the domestic automobile sales volume to grow by a moderate eight to ten percent in FY24.

article thumbnail

U-Michigan, China enter two new automated and connected vehicle partnerships

Green Car Congress

The University of Michigan is entering two separate agreements with Chinese institutions targeting automated and connected vehicles. First, a $27-million research agreement with Shenzhen-based investment firm Frontt Capital Management will advance autonomous, connected vehicles and robotic technologies. Second, a $2.5-million

Michigan 150