SAIC Motor

LG HONORED WITH GM'S 'SUPPLIER OF THE YEAR' AWARD

Retrieved on: 
Monday, March 27, 2023

SEOUL, South Korea, March 26, 2023 /PRNewswire/ -- LG Electronics (LG) has been recognized by General Motors (GM) as an excellent supplier for its achievements in the areas of infotainment and telematics at GM's 31st Annual Supplier of the Year Award. This year's ceremony, which took place this week in Texas, USA, centered on the theme of 'Momentum'.

Key Points: 
  • For nearly two decades, LG and GM have been teaming up to bring new innovations to the automotive industry.
  • GM selected LG's telematics control module for its OnStar service in 2006, and in 2016, based on an electric vehicle project carried out in partnership with LG.
  • Last year, LG also received the Supply Chain Guarantee Award from SAIC General Motors (SAIC-GM), the joint venture between GM and China's largest automaker, SAIC Motor.
  • "Moving forward, LG will continue to collaborate, create and contribute to the realization of the future mobility era."

Thailand's Economy in Game-Changing Move With New Investment Strategy, BOI Article Says

Retrieved on: 
Thursday, March 23, 2023

The article, which is citing officials and other stakeholders, describes how, under the new strategy, Thailand is offering much-improved incentives.

Key Points: 
  • The article, which is citing officials and other stakeholders, describes how, under the new strategy, Thailand is offering much-improved incentives.
  • For certain categories, investors and their top foreign talent will have the opportunity to apply for 10-year Long-Term Resident visas.
  • "We will use the BOI and investment as a tool to drive Thailand to the new economy," the article quotes BOI Secretary General Narit Therdsteerasukdi as saying in an interview.
  • "As the world focuses on ESG, investors need clean energy and we can provide it," he says in the article.

Thailand's Economy in Game-Changing Move With New Investment Strategy, BOI Article Says

Retrieved on: 
Thursday, March 23, 2023

The article, which is citing officials and other stakeholders, describes how, under the new strategy, Thailand is offering much-improved incentives.

Key Points: 
  • The article, which is citing officials and other stakeholders, describes how, under the new strategy, Thailand is offering much-improved incentives.
  • For certain categories, investors and their top foreign talent will have the opportunity to apply for 10-year Long-Term Resident visas.
  • "We will use the BOI and investment as a tool to drive Thailand to the new economy," the article quotes BOI Secretary General Narit Therdsteerasukdi as saying in an interview.
  • "As the world focuses on ESG, investors need clean energy and we can provide it," he says in the article.

Envisics Attracts New Investments from Hyundai Mobis, GM Ventures, Stellantis and Jaguar Land Rover's InMotion Ventures

Retrieved on: 
Friday, March 10, 2023

MILTON KEYNES, England, March 10, 2023 /PRNewswire/ -- Envisics, pioneer and global leader in dynamic holographic technology has today announced receiving over $50m as part of its Series C strategic funding round. The round was led by Hyundai Mobis – a strategic investor from the Series B round in 2020 – with additional investments from new strategic shareholders InMotion Ventures, the investment arm of Jaguar Land Rover, and Stellantis.

Key Points: 
  • Long-term investors Hyundai Mobis, GM Ventures, and Tarsadia Investments are joined by Jaguar Land Rover's InMotion Ventures and Stellantis Ventures as new strategic shareholders.
  • The round was led by Hyundai Mobis – a strategic investor from the Series B round in 2020 – with additional investments from new strategic shareholders InMotion Ventures, the investment arm of Jaguar Land Rover, and Stellantis.
  • Envisics Ltd. is a private company registered and headquartered in the U.K. Envisics Ltd. is owned by Envisics Inc., a Delaware corporation.
  • Following the Series C financing round, the ownership structure includes strategic investors Tarsadia Investments, GM Ventures, Hyundai Mobis, Stellantis Ventures, SAIC Motors and Van Tuyl Companies.

Microcars Are the Smaller, Greener Future of Urban Commuting, Reports IDTechEx

Retrieved on: 
Friday, February 24, 2023

BOSTON, Feb. 24, 2023 /PRNewswire/ -- There is a need to scrap the "highway-centric" model of urban development and prioritize the ease and convenience of local trips. Most car trips are short trips carrying just one person. Most of the energy is wasted on carrying the vehicle's own weight. Oversized vehicles are the root cause of urban congestion, pollution, waste of energy, material, and public space. As cities everywhere move toward a high-density, low-speed, low-impact model, it calls for a new type of personal vehicle to be created for people to get around conveniently. Microcars are one solution.

Key Points: 
  • Oversized vehicles are the root cause of urban congestion, pollution, waste of energy, material, and public space.
  • The IDTechEx report, " Micro EVs 2023-2043: Electric Two-Wheelers, Three-Wheelers, and Microcars ", benchmarks over 25 models of microcars from various countries on key metrics like motor power, battery capacity, and range.
  • IDTechEx sees microcars fitting in between electric cars and electric mopeds on the mobility spectrum.
  • The IDTechEx report includes microcars from various OEMs and startups, along with market shares for key regions.

Microcars Are the Smaller, Greener Future of Urban Commuting, Reports IDTechEx

Retrieved on: 
Friday, February 24, 2023

BOSTON, Feb. 24, 2023 /PRNewswire/ -- There is a need to scrap the "highway-centric" model of urban development and prioritize the ease and convenience of local trips. Most car trips are short trips carrying just one person. Most of the energy is wasted on carrying the vehicle's own weight. Oversized vehicles are the root cause of urban congestion, pollution, waste of energy, material, and public space. As cities everywhere move toward a high-density, low-speed, low-impact model, it calls for a new type of personal vehicle to be created for people to get around conveniently. Microcars are one solution.

Key Points: 
  • Oversized vehicles are the root cause of urban congestion, pollution, waste of energy, material, and public space.
  • The IDTechEx report, " Micro EVs 2023-2043: Electric Two-Wheelers, Three-Wheelers, and Microcars ", benchmarks over 25 models of microcars from various countries on key metrics like motor power, battery capacity, and range.
  • IDTechEx sees microcars fitting in between electric cars and electric mopeds on the mobility spectrum.
  • The IDTechEx report includes microcars from various OEMs and startups, along with market shares for key regions.

ADAS Market worth $65.1 billion by 2030 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Monday, February 20, 2023

Tesla is a bestseller in North America and Europe, whereas Wuling HongGuang Mini EV is a low-cost EV popular in China.

Key Points: 
  • Tesla is a bestseller in North America and Europe, whereas Wuling HongGuang Mini EV is a low-cost EV popular in China.
  • BEV models such as Tesla Model X offer autopilot ADAS features, including adaptive cruise control, auto park, and lane departure warning systems.
  • OEMs such as Nissan, BMW, Mercedes Benz, Ford, GM, and others provide ADAS features across their premium models.
  • Increasing demand for accurate and faster object recognition will be a major growth driver for the software segment of the ADAS market.

ADAS Market worth $65.1 billion by 2030 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Monday, February 20, 2023

Tesla is a bestseller in North America and Europe, whereas Wuling HongGuang Mini EV is a low-cost EV popular in China.

Key Points: 
  • Tesla is a bestseller in North America and Europe, whereas Wuling HongGuang Mini EV is a low-cost EV popular in China.
  • BEV models such as Tesla Model X offer autopilot ADAS features, including adaptive cruise control, auto park, and lane departure warning systems.
  • OEMs such as Nissan, BMW, Mercedes Benz, Ford, GM, and others provide ADAS features across their premium models.
  • Increasing demand for accurate and faster object recognition will be a major growth driver for the software segment of the ADAS market.

Global and China Automotive Smart Surface Industry Research Report 2022: Smart Surfaces Lead the Trend of Smart Cockpits - ResearchAndMarkets.com

Retrieved on: 
Tuesday, December 27, 2022

The "Automotive Smart Surface Industry Research Report, 2022" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Automotive Smart Surface Industry Research Report, 2022" report has been added to ResearchAndMarkets.com's offering.
  • As an important medium for multimodal interaction, smart surfaces lead the trend of smart cockpits.
  • Smart surfaces represent the development trend of automotive interiors and exteriors, as an important part of smart cockpits and a crucial medium of multi-modal interaction.
  • 1.2.1 Development History of Automotive Smart Surfaces: Phase 1
    1.2.2 Development History of Automotive Smart Surfaces: Phase 2
    1.2.3 Development History of Automotive Smart Surfaces: Phase 3

Hesai Technology Announces New Lidar Design Win with SAIC's Rising Auto

Retrieved on: 
Sunday, January 8, 2023

PALO ALTO, Calif., Jan. 8, 2023 /PRNewswire/ -- Hesai, a global leader in lidar technology, today announced a new design win with SAIC's electric vehicle brand - Rising Auto (formerly known as the R brand; also known as "Feifan" in China). The new model of Rising Auto will carry AT128 - Hesai's long-range automotive lidar.

Key Points: 
  • PALO ALTO, Calif., Jan. 8, 2023 /PRNewswire/ -- Hesai, a global leader in lidar technology, today announced a new design win with SAIC's electric vehicle brand - Rising Auto (formerly known as the R brand; also known as "Feifan" in China).
  • The new model of Rising Auto will carry AT128 - Hesai's long-range automotive lidar.
  • Rising Auto is a premium all-electric vehicle brand owned by SAIC Motor, one of the largest automobile manufacturers in China.
  • SAIC's Rising Auto chooses Hesai as the lidar supplier for its excellent product performance and mass production capabilities.