BYD builds a 24GWh battery plant in China
BYD opened a 24GWh power battery factory in Western China’s Qinghai province as it prepares to increase total production capacity to 60GWh by 2020.Read Now
The factory, equivalent to the size of 140 football fields, will be the largest in the world after its construction is completed in 2019. It is also BYD's third battery factory in China after Shenzhen and Huizhou.
"Electrification is a done deal as several countries have announced a deadline for the sale of internal combustion engine cars to end. Electric vehicles are on the cusp of another boom," said BYD President and Chairman Wang Chuanfu.
BYD's new Qinghai factory will employ the use of a first rate Manufacturing Execution System, smart logistics, driverless automatic guided vehicles and a seamless information integration.
"All our batteries come with a unique identification code," said BYD battery division CEO He Long. "We can troubleshoot any problems simply by scanning the QR code on the battery as this gives us the battery's technical specifications and necessary manufacturing information."
With more than 23 years' continuous innovation, the company offers a wide variety of battery products, such as consumer 3C batteries, power batteries, solar cells and energy storage batteries, and has a complete battery ecosystem.
In addition to applications in new energy vehicles and rail transportation, BYD's battery products are widely used in solar power stations, energy storage power stations and many other new energy solutions.
Faurecia wins the Innovation award at the Groupe Renault’s Suppliers event
The Innovation award at Groupe Renault’s Suppliers event 2018, recognises Faurecia’s Cockpit of the Future vision and contribution to the Renault’s scale 1 demonstrator representing its 2025 vision for an urban, autonomous (level 4) and electrified vehicle.Read Now
David Degrange, Vice President of the Cockpit of the future division at Faurecia said, "We are very much honoured to receive this award from Renault which recognises the excellent collaboration between us in a short time frame to deliver an innovative concept for future vehicle interiors. We have created with Renault a real Lab of advanced and functional innovations that enhanced the user experience for future autonomous, connected and electric vehicles."
The Groupe Renault also awarded Faurecia and its interiors activity in the "Excellence Manufacturing" category for its plant based at Pitesti in Romania. This facility, at the forefront of the Group's Industry 4.0 initiative, is manufacturing instrument panels, door panels, acoustic and soft trims for Dacia.
Eberspaecher acquires shares of PACE telematics
The Esslingen-based automotive supplier, Eberspaecher, is expanding its competence in connectivity solutions by acquiring a share of PACE Telematics GmbH through which the company aims to expand cloud-based mobility services for their products.Read Now
"We are convinced that data-based services form a core element of the mobility of tomorrow and believe strongly in this young company," explained Managing Partner Heinrich Baumann. "In addition, the extensive know-how of the start-up in the Internet of Things opens up new possibilities for our products," adds Baumann.
The Esslingen-based automotive supplier Eberspaecher holds more than a 20% shares of the start-up. The three founders of the company will continue their management roles as co-partners.
In future, PACE cloud-based mobility solutions will enable networking between Eberspaecher products themselves as well as with other functions within the vehicle. Baumann continued: "We want to improve the user experience for our customers. They will be effectively air-conditioned and informed and can simply and conveniently control many functions through one app."
Both companies are convinced that the acquisition forms an excellent basis on which the company can offer even more comfort on the move and therefore win new customers and enter new markets. They aim to cooperatively develop new products for workshops, fleet managers and end customers.
Dr Martin Kern, Founder and Managing Director of PACE Telematics, added: "We are very happy to have gained a strong partner in Eberspaecher. We expect many synergies, especially in the area of our B2B business. Our companies are very similar in that we both work as independent, neutral partners to the automobile OEMs and aftermarket industries."
Viking Plastics acquires Genesis Plastics and Engineering
Viking Plastics, an injection moulding and value-added assembly service provider, announced its acquisition of Genesis Plastics and Engineering, LLC (Genesis), a Scottsburg, IN-based manufacturer of automotive interiors, seating and high-precision, custom injection moulded products.Read Now
With this acquisition, Corry, PA-based Viking Plastics added to its current line of custom injection moulded products and assemblies for the automotive, HVAC, and industrial markets. This new partnership expands their expertise and customers and incorporates Genesis' capabilities to manufacture new tools.
Established in 1995, Genesis is IATF certified and shares Viking Plastics' commitment to providing highly reliable products that accurately meet customer specifications. "I am excited that Genesis is now part of Viking Plastics," said Genesis President Jim Gladden. "Our culture, business combination, and focus on exceptional quality makes this a great partnership."
Viking Plastics President/CEO Kelly Goodsel said, "We are just as excited to partner with Jim Gladden and the Genesis team. Their commitment to quality, customer satisfaction, and continuous improvement align with our values. This will allow us to deliver what our collective customers need," said Goodsel. "Our partnership will enable us to provide a wider range of quality products to our current customers and position us to better serve new customers."
Viking Plastics is a portfolio company of Spell Capital.
OSRAM Continental JV starts operations
The OSRAM Continental GmbH joint venture, set up by the two technology companies Continental and Osram, is up and running.Read Now
Following the successful completion of all negotiations and the issuance of merger control approvals, the joint venture has been launched as planned in the second half of 2018.
OSRAM Continental will initially employ around 1,500 people at 16 locations worldwide, basing its headquarters in Munich (Germany). The plan is to move the headquarters to Garching (Germany) in due course. The joint venture aims to generate annual sales in the mid-triple-digit-million-euro range. Continental and Osram each hold a 50% stake in the joint venture, which is fully consolidated in the case of Osram.
OSRAM Continental is planning growth rates of up to double digits annually for the next five years. This is based on strong growth in the market for LED as well as laser-based lighting modules and solutions and associated electronics. The first products to be developed by the joint venture are expected to be ready for series production by 2021.
Dirk Linzmeier, CEO of OSRAM Continental said, "Over the past few months, we have laid down a number of markers, which will allow us to create a new company that will rethink the future of automotive lighting. Building on these strong roots, OSRAM Continental will enable us to provide a significant boost to the market."
"By launching our joint venture, we are generating confidence that the market for intelligent automotive lighting will continue to grow and be viable. Furthermore, with our team comprising of management staff and experts from both companies, we will increase the speed of innovation as well as efficiency and integration. I am really looking forward to working with our new colleagues on developing exciting products," stated Harald Renner , CFO and member of the general management of OSRAM Continental GmbH.
The market for vehicle lighting in the automotive industry is currently in a period of transition as it moves towards semiconductor-based lighting technologies. As a result, software and electronics are becoming increasingly important and influential.
Continental and Osram are therefore combining their strengths in each of these areas and developing state-of-the-art headlamp modules and solutions for tail and interior lighting for automotive manufacturers and suppliers.