Date: April 25, 2024. — Bajaj Auto‘s Chetak brand is making its first foray into hydrogen-powered transportation. The company is presently investigating the possibility for hydrogen-powered two-wheelers, which may include bikes, scooters, and even rickshaws. If successful, the company could be the first to introduce hydrogen engines to the Indian market. The initiative is being led by Chetak Technology Ltd (CTL), a subsidiary of Bajaj Auto. CTL will focus on the development of these hydrogen vehicles, aiming to expand Bajaj Auto’s portfolio of technologically differentiated products. This move ..read more

Date: April 25, 2024. — HL Klemove, a South Korean car parts manufacturer, develops technology for driver assistance systems and eco-friendly vehicles, announced the inauguration of its first local Advanced Driving Assistance System (ADAS) Radar Manufacturing Unit in India. The event took place at the company’s Chennai plant and is a landmark achievement in the “Make in India” initiative. The inauguration was graced by the presence of Mr. Vinod Sahay, President and CPO of Mahindra & Mahindra Ltd., and Dr. Pal Joo Yoon, CEO of HL Klemove Corporation. Moreover, this step makes HL Klemove the ..read more

Asahi Kasei, a Japanese chemical company, announced that it will construct an integrated plant in Ontario, Canada for the base film manufacturing and coating of Hipore wet-process lithium-ion battery (LIB) separator. In relation to this plant, Asahi Kasei has concluded a basic agreement with Honda Motor Co., Ltd. (Honda) and the two parties are currently studying joint investment. Also with regard to the Canadian plant, it has been agreed that Asahi Kasei Battery Separator Corp., which is scheduled to be established in October 2024, will receive funding from the Development Bank of Japan Inc ..read more

SEOUL, April 24, 2024 – LG Energy Solution (KRX: 373220), a battery company known for its technology innovation and development in the global battery industry over the past 30 years, announced it will take countermeasures against “patent free riders.” LG Energy Solution is evaluating all options in this regard, including issuing warning notices or filing patent infringement lawsuits against those infringing on its patents. At the same time, it will also commit to driving fair competition in the industry by establishing a legitimate battery patent licensing market. The company sees a risin ..read more

AUSTIN, Texas, April 23, 2024 (GLOBE NEWSWIRE) — Uhnder Inc., a company that makes digital radar chips for cars, enabling more precise and advanced driver-assistance features for safer driving, unveiled the commercial availability of its S81, an imaging radar solution. Traditionally, the exorbitant costs of 4D imaging radars limited their enhanced safety benefits to high-end automobiles. However, the S81 revolutionizes this landscape by offering a compact 4D single-chip solution at an attractive price point, made possible by its utilization of Digital Code Modulation (DCM). This breakthrough d ..read more

Terranet, a company focused on developing automotive safety systems, recently released an update on the market potential of their product, BlincVision. Terranet believes BlincVision is well positioned to meet the growing market demand for a rapid driver assistance system for urban environments, where every meter and millisecond counts. Stricter regulations, increased consumer expectations, and technological advancements will collectively drive the market potential for BlincVision forward. According to Expert Market Research, the global ADAS market generated approximately 340 billion SEK (US ..read more

Date: April 24, 2024. — ICRA, a credit rating agency, anticipates an investment surge in the auto component industry for electric vehicle (EV) parts in India. Over the next 3-4 years, the industry is expected to invest Rs 25,000 crore. This investment aims to enhance EV production, increase localisation, and address manufacturing challenges. The investment forecast aligns with the growing EV penetration in India, which has reached 4.7% in FY2024, primarily driven by the electric two-wheeler segment. Advancements in localisation have been made for traction motors, control units, and battery man ..read more

24 April 2024, India: LetsTransport, an Indian company that connects businesses with trucks to streamline their deliveries, offering last-mile, mid-mile and even electric vehicle options, announced its latest funding round of US$22 million led by long term backers, Bertelsmann India Investments. Rebright Partners, NB Ventures, ALES Global, Stride Ventures, CAC Capital, and others have further participated in the raise. This raise accelerates LetsTransport in its journey to realize its mission to revolutionize India’s trucking industry by seamlessly aggregating India’s 10M+ fragmented truc ..read more

Bengaluru, April 19, 2024: Minus Zero, an Indian startup, develops self-driving car technology for navigating complex traffic conditions, aiming to revolutionize the future of transportation, signed an MoU with The International Institute of Information Technology, Hyderabad (IIIT-H) and I-Hub Data. This partnership intends to create a collaborative ecosystem for autonomous driving and AI research along with the curation of world-class autonomous driving datasets for Indian scenarios. This collaboration combines IIIT-Hyderabad’s academic and research expertise with Minus Zero’s industry expert ..read more

Date: April 24, 2024. — Momenta, a self-driving car tech company that develops software for advanced driver-assistance systems and autonomous vehicles, in collaboration with Qualcomm, has announced the launch of new intelligent driving solutions. These solutions are designed to enhance advanced driver assistance systems (ADAS) and autonomous driving (AD) functionalities. The announcement was made on April 22, and it marks a significant step in the development of scalable intelligent driving technology. The collaboration has led to the creation of automotive products that utilize Momenta’s “One ..read more