Category: Automotive

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  • November auto sales achieve year record

    November auto sales achieve year record

    Auto sales in November hit 36,359 units, the highest monthly number this year as Vietnam continues to contain Covid-19.

    The figure exceeded that of last year by 22 percent, making November the third month to record year-on-year growth in 2020 after February and October as Covid-19 caused sales to slump in other months, according to data from Vietnam Automobile Manufacturers Association (VAMA).

    Passenger cars accounted for 79 percent of sales, commercial vehicles nearly 20 percent, and special-purpose vehicles for the rest, data shows.

    However, auto sales in the first 11 months still fell nearly 14 percent year-on-year due to deep plunges recorded in April and August after two major Covid-19 outbreaks.

    Local brand Truong Hai Auto (Thaco) retained the top spot in the first 11 months with a 35.5 percent share of the market as sales rose two percent to 84,858 units.

    It was followed by Toyota with 59,394 units, down 16 percent and Mitsubishi with 24,387 units, down nine percent. Ford and Honda rounded off the top five.

    Last year, auto sales had risen 11.7 percent from 2018 to 322,322 units, according to VAMA.

  • Elon Musk’s Boring Company Proposes Citywide Expansion In Las Vegas

    Elon Musk’s Boring Company Proposes Citywide Expansion In Las Vegas

    Elon Musk’s hobby project – the Boring Company – is planning a citywide expansion of its underground tunnel system which it has been building in Las Vegas. The startup wants to build a 16-kilometer loop that serves the famous Las Vegas strip that connects the casino hotels with the downtown area of the city including its McCarran International Airport. All these loops will obviously be powered by Tesla vehicles. In addition to this, it even wants to build another loop that connects the properties owned by Caesars entertainment that includes Caesar’s palace properties. This proposal will make the tunnels that will enable transportation from the Las Vegas Convention center which is the home of CES to hotel’s like the Mandalay Bay just three minutes long as opposed to 30 minutes during peak traffic hours.

    As reported by the Las Vegas Review-Journal, a proposal was floated to the Car County officials after the Las Vegas Convention and Visitors Authority (LVCVA) finished buying the Las Vegas Monorail which filed for bankruptcy in September.

    Following the acquisition, LVCVA killed a non-compete agreement that prevented the Boring Company from digging any tunnels that served the same areas as the monorail. This monorail is not expected to reopen till 2021.

    While all of this is quite impressive, the Boring Company has been laggard in completing its original project. It is still working on its first underground people-mover which will open to the public below the Convention Center. It was originally slated for a January 2021 opening in time for CES 2021, but those plans are now not in play as CES thanks to the pandemic is a virtual event and generally, work has been slower in the wake of the COVID19 crisis.

    The Boring Company has plans of shuttling up to 4,000 people per hour through its tunnels using Tesla Model 3s and Tesla Model Xs which will operate alongside a tram built on the Model 3 platform that will be able to fit up 16 people. This tram and the cars will move autonomously, though they will also have drivers.

    Originally the LVCVA paid the Boring Company $48.6 million to build tunnels, but that cost has already swollen up to $52.5 million. If this expansion goes through, the Boring Company, will not get such a sweet deal. It will have to pay for the cost of the construction of the main tunnel of the new citywide loop, while properties that want a station will have to pay to have them built. This proposal will be put in front of the Las Vegas City Council on Wednesday and in front of the county officials in February.

  • Honda Recalling 1.79 Million Vehicles Worldwide For Safety Issues

    Honda Recalling 1.79 Million Vehicles Worldwide For Safety Issues

    Honda Motor said on Tuesday it was recalling 1.79 million vehicles worldwide in four separate campaigns, including some linked to reported fires. The recalls cover 1.4 million vehicles in the United States. The Japanese automaker said one recall covers 268,000 2002-2006 model year CR-V vehicles in the United States to replace power window master switches. Honda said there had been no reported injuries, but 16 fires reported related to the issue.

    Honda conducted a prior recall of the power window master switches in 2012. The new recall is in response to moisture-related failures of switches repaired under the previous campaign.

    One recall covers 268,000 2002-2006 model year CR-V vehicles in the United States to replace power window master switches.

    Honda is also recalling about 735,000 U.S. 2018-2020 Accord, Accord Hybrid and 2019-2020 Insight vehicles to update the Body Control Module software. A programming flaw could disrupt communication causing illumination of several warning lights and malfunction of electronic components, it said, including “the rearview camera display, turn signals and windshield wipers.”

    Honda is also issuing two recalls covering 430,000 U.S. vehicles in 22 U.S. states and the District of Columbia with significant road salt use to inspect and potentially replace front driveshafts. Both are in response to possible breakage of the drive shafts due to corrosion. No injuries have been reported in relation any of the recalls, the company said.

  • Baidu is considering designing and building electric vehicles

    Baidu is considering designing and building electric vehicles

    China’s Baidu is considering making its own electric vehicles and has held talks with automakers about the possibility, three people with knowledge of the matter said, the latest move in a race among tech firms to develop smart cars.

    The search-engine leader, which also develops autonomous driving technology and internet connectivity infrastructure, is considering contract manufacturing, one of the people said, or creating a majority-owned venture with automakers.

    The initiative would be a step up from internet peers such as Tencent Holdings, Amazon, and Alphabet Inc., which have also developed auto-related technology or invested in smart-car startups.

    Baidu has held preliminary talks without reaching any decisions, with automakers including Zhejiang Geely Holding Group Guangzhou Automobile Group Co. and China FAW Group Corp.’s Hongqi, on a possible venture, the people said.

    They declined to be identified as the talks are private.

    Baidu declined to comment. GAC said it has a strategic partnership with Baidu and that any further cooperation was subject to discussion. Geely said it was not familiar with the matter. FAW did not respond to a request for comment.

    Baidu established the autonomous driving unit Apollo in 2017. The unit mainly supplies technology powered by artificial intelligence and work with automakers such as Geely, Volkswagen Group, Toyota Motor, and Ford Motor Co.

  • Amazon Unveils Zoox Self Driving Robotaxi

    Amazon Unveils Zoox Self Driving Robotaxi

    Amazon could become the fourth major player to have a self-driving robotaxi service after Waymo, Cruise, and AutoX. Amazon’s Zoox comes out of stealth after releasing prototypes six years ago. The most striking thing about Zoox is that its car has a level of fit and finish that goes beyond what Waymo or Cruise have unveiled. And presumably, this will be the basis of a ride-hailing service that Amazon will launch to take on the likes of Uber, Waymo, and Cruise.

    The vehicle is quite different as it has a carriage-style four-wheel all-electric powertrain that can set up for people. It is just 3.63 meters long which makes it smaller than the Origin robotaxi by Cruise.

    Zoox is different because it can drive both forward and backward and side to side — in other words, it has bi-directional capabilities. This allows the car to handle tight curbside pickups” and tricky U-turns, something which AutoX has also shown off. It is also the fastest autonomous vehicle of its kind as it travels at 120 kilometers per hour — a Waymo robotaxi can only do 72 kilometers per hour.

    As far as the autonomous tech goes, this vehicle marries 6 LiDAR arrays as well as multiple radar sensors and cameras providing a 270-degree field of view, with the vehicle having no blindspots. It even has sensors for redundancies and can see objects up to 150 meters away.

    The interior is also unique. It gets really comfortable bench seats that face inward with the passengers surrounded in textured fabric. It also features a radical new system for airbags alongside cupholders and wireless charging mats. The ceiling draws inspiration from the Rolls-Royce Ghost with its starry sky pattern and each seat even gets a touchscreen for controlling music, AC, and their route plus ETA.

    It is also an EV that is powered by a 133 kWh battery and can have up to 16 hours of continuous use. This is in the league of Tesla battery packs which is very impressive.

    Amazon is the secretive player in the self-driving space. It has used for robotaxis and self-driving vehicles for the sake of its infrastructure and logistics business. But then it also holds a massive investment in Rivian and Aurora who just bought Uber’s ATG unit.

    The big news here is that Zoox is out of stealth and it has a very very impressive self-driving vehicle which seems more fleshed out than even Waymo.

  • BMW Group And AWS Collaborate To Develop IT Solutions

    BMW Group And AWS Collaborate To Develop IT Solutions

    Amazon Web Services (AWS) and the BMW Group announced a comprehensive strategic collaboration. The goal of the collaboration is to further accelerate the BMW Group’s pace of innovation by placing data and analytics at the centre of its decision-making. The companies will combine their strengths to jointly develop cloud-based IT and software solutions that increase efficiency, performance, and sustainability across all company processes, from vehicle development to after-sales services.

    As part of the wide-ranging collaboration, the BMW Group will migrate data from across its business units and operations in over a hundred countries to AWS. The move will encompass a number of the BMW Group’s central IT systems and databases for functions such as sales, manufacturing, and maintenance, and will help increase agility, achieve new insights from data analysis and more quickly innovate new customer experiences. In addition, the companies will invest in enabling and training up to 5,000 software-engineers in the latest AWS technologies to empower the BMW Group’s global workforce to make better use of data.

    Alexander Buresch, CIO and Senior Vice President, BMW Group IT said, “We are making data central to the way we work and we look forward to collaborating with AWS to merge our talents, continuing to raise the bar for innovation among automakers and delivering exciting new experiences for our customers around the world.”

    A key element of the collaboration is the further development of the Cloud Data Hub of the BMW Group. It is the central platform for managing company-wide data and data solutions in the cloud. The Cloud Data Hub offers BMW Group employees across all corporate divisions a central starting point for implementing analytical and data-driven applications. Via the Cloud Data Hub, employees use various AWS services already today to process, interrogate and enrich development-, production-, sales- and vehicle performance data in the order of several petabytes and to gain insights through the application of machine learning. For example, this will enable the BMW Group to better forecast the demand for its range of vehicle models and equipment options worldwide. In this way, planning in purchasing, production and sales can be optimized and, as a result, customer satisfaction can be increased.

  • Toyota Working On New Electric SUV

    Toyota Working On New Electric SUV

    Toyota has revealed that it will debut a new full-electric SUV in 2021. The details about the new EV are scant but it will be built on the company’s new e-TNGA platform. In terms of size, it will be similar to the current RAV4. Toyota aims to focus on the European market with the new electric SUV which is yet to be named. Toyota believes that a compact SUV can accommodate the needs of most regions in which the company operates and there are more volumes in that segment. The new battery-electric SUV will be one of the first of six EVs to be coming from the e-TNGA platform.

    Koji Toyoshima, Deputy Chief Officer, ZEV Factory, Toyota Motor Corporation, said, “Toyota will shortly take the next step in the rollout of its forthcoming battery-electric portfolio by first previewing an all-new mid-sized SUV in the coming months. The versatility and flexibility of e-TNGA technology allows us to design and create vehicles that are not just battery-electric, but also exciting to drive and beautiful to look at.”

    The new platform gets a clever design and Toyota says it is both highly versatile and easily adaptable for a range of product types. The basic architecture principle is that a number of key elements remain fixed whilst others vary. This allows the company to bring in variance in different parameters such as vehicle width, length, wheelbase and height. The e-TNGA platform can accommodate front, rear or four-wheel drive layouts. With a wide-range of battery and electric motor capacities that can be adapted to suit various vehicle types and usage profiles, Toyota is likely to use this platform increasingly in the near future. The development time of different model variants can be reduced and individual models can be developed in parallel to each other.

  • Volkswagen adopts new sales model in Mainland

    Volkswagen adopts new sales model in Mainland

    Volkswagen AG is launching another sales model in China that will see the automaker open showrooms in city centres for electric vehicles (EV) and offer fixed prices.

    The move marks a departure from the conventional sales system used by the wider industry in China.

    Last week, Volkswagen’s joint venture with SAIC Motor opened its first showroom under this system in the eastern city of Hangzhou, according to a social media post. The store, named “ID. Store X”, sells its ID. range of family cars.

    The German automaker said customers can order vehicles at a fixed price directly through the company website, phone app or from authorized dealers. The stores are invested and operated by selected dealers, not the automaker.

    The dealers get a commission from vehicle sales and do not need to maintain the car inventory, Volkswagen said.

    Traditionally automakers including Volkswagen, GM and Toyota set the official price, but dealers are expected to keep an inventory of vehicles and often allowed to offer discounts or price them higher depending on the demand for the models.

    The German automaker’s new attempt still differs from Tesla’s direct sales model that bypasses dealers entirely. Tesla’s model allows the US carmaker to manage the process from production to pricing to sales to delivery while adding operational costs of running the wholly-owned stores.

    Showroom strength is becoming an important differentiator for EV makers in the world’s biggest auto market, as they line up model launches. Tesla currently has over 150 showrooms and service centres in China while Nio has 189 stores. Xpeng had 116 and Li Auto has 45 showrooms, as of the end of September.

    SAIC-Volkswagen said it would open 40 ID. Store X stores in 29 Chinese cities in the next 18 months. Volkswagen’s other venture with FAW Group has yet to announce a detailed sales plan for EVs.

    Volkswagen said last month that it will launch eight ID. family models in China by 2023 with its local partners SAIC and FAW.

    Sales of electric, plug-in hybrid and hydrogen-powered vehicles in China are forecast to rise to 20 percent of new car sales by 2025 from just 5 percent now, the State Council said last month.

  • Fiat To Electrify 60 Percent Of Its Cars By 2021

    Fiat To Electrify 60 Percent Of Its Cars By 2021

    The automobile industry is changing dramatically for the first time in a century. Volkswagen has already announced that it is stopping all motorsports activities to focus on electrification efforts before this Honda also announced in September that it was going to be focusing on electrification and sustainability which perpetuated its exit from F1. Now, Fiat has joined the bandwagon and its head for EMEA has said that 60 percent of its vehicles will be electrified by the end of 2021. This includes the Fiat, Lancia and Abarth brands.

    Fiat’s approach is a different one, however. Its electrification efforts amount to multiple new hybrid models, unlike the traditional plug-in electric models. It already makes a hybrid version of 500, the Panda and the Lancia Y. It also has a couple of cars incoming — 500X and Tipo, apart from this, there is also a new Fiat 500 electric and Fiat E-Ducato coming in.

    Fiat feels that adding more hybrids and plug-in cars are a necessity for it in Europe. It has also been forced to make this move as it has been lagging behind in its electrification efforts and also been forced by the European Union’s Emission requirements to buy emission credits.

    For this, it has partnered with the big daddy of all-electric cars – Tesla – the world’s highest-valued automotive company for complying with the CO2 emission for the EU. It is also highly dependent on Tesla’s ability to scale up its operations and production in the EU.

  • Japan May Ban Sale Of New Petrol-Powered Vehicles In Mid-2030s

    Japan May Ban Sale Of New Petrol-Powered Vehicles In Mid-2030s

    Japan may ban sales of new petrol-engine cars by the mid-2030s in favour of hybrid or electric vehicles, public broadcaster NHK reported on Thursday, aligning it with other countries and regions that are imposing curbs on fossil fuel vehicles.

    The move would follow Prime Minister Yoshihide Suga’s pledge in October for Japan to slash carbon emissions to zero on a net basis by 2050 and make the country the second G7 nation to set a deadline for phasing out petrol vehicles in a little over two weeks.

    Japan’s industry ministry will map out a plan by the year-end, chief government spokesman Katsunobu Kato told a news conference on Thursday.

    Japan’s Prime Minister Yoshihide Suga pledge in October for Japan to slash carbon emissions to zero on a net basis by 2050.

    The likelihood of state interventions to lower carbon emissions is fuelling a technological race among carmakers to build electric cars and hybrid petrol-electric vehicles that will lure drivers as they switch from petrol models, particularly in the world’s two biggest auto markets, China and the U.S.

    Measures already in place in Japan mean Japanese automakers, particularly big ones such as Toyota Motor Corp with greater research and development resources, could use electric vehicle technology they have already developed at home.

    Nissan Motor Co chief operating officer Ashwani Gupta last month told Reuters his company was ready to respond to Britain’s decision to hasten a phase-out date for new petrol and diesel powered cars and vans by five years to 2030 because it was part of a global trend.

    Japan’s industry ministry is considering requiring all new vehicles to be electric, including hybrid vehicles, NHK reported earlier, adding the ministry would finalise a formal target following expert-panel debates as early as the year-end.

    Nissan says it’s ready to respond to Britain’s decision to hasten a phase-out date for new petrol and diesel-powered cars and vans by five years to 2030

    Japanese automakers for now are keeping quiet on what impact those measures could have on their businesses.

    Toyota, Honda Motor, Nissan and its alliance partner Mitsubishi Motors Corp declined to comment.

    In Japan, the share of electric vehicles is expected to increase to 55% in 2030, Boston Consulting Group said in a report on prospects for battery-powered cars.

    Globally, “the speed of expansion of the share of electric vehicles will accelerate due to the fact that battery prices are falling more rapidly than previously expected,” Boston Consulting said in the report.

    Japan, China and South Korea recently announced firm targets to end net emissions of carbon, which has given momentum for companies and banks to push for cutbacks to keep global warming in check.

    Apart from Britain, parts of the United States and Canada, Norway and Germany, are or plan to imposed curbs on fossil fuel cars. The wider European Union is expected to decide on future restrictions as early as this month.

  • Bentley Hires Jets To Fly Car Parts To Britain During Brexit

    Bentley Hires Jets To Fly Car Parts To Britain During Brexit

    Bentley, the luxury carmaker owned by Volkswagen has booked five Antonov cargo jets to help overcome potential supply bottlenecks in the event of a disorderly exit of Britain from the European Union, the carmaker said on Wednesday. Car manufacturers are securing additional supply routes as policymakers in Brussels and Westminster seek to strike a deal to determine the future trading relationship with continental Europe after Britain exits the European Union.

    Bentley, which makes high-end sports cars, buys 90% of its components from continental Europe, and sells around 24% of its cars into Europe, Chief Executive Adrian Hallmark told the Financial Times’ Future of the Car summit.

    “We have spent two years planning. We have five Antonovs that we have on reserve to fly bodies to Manchester,” Hallmark said, adding that in addition to shifting car bodies by air, Bentley has hiked the level of spare parts stored for production.

    Bentley has booked additional warehouses and planned new logistics routes in case traditional supply methods are hampered by bottlenecks

    “We used to run just-in-time with two days stock. Now we have 14 days of stock. That’s 14 working days, so that’s three weeks of stock,” he said.

    The company has booked additional warehouses and planned new logistics routes in case traditional supply methods are hampered by bottlenecks.

    If Britain fails to secure a negotiated trade agreement with European policymakers, Bentley would be able to absorb 10% import tariffs by raising prices and cutting costs. This would be less damaging than supply disruptions.

    “It is not existential as long as everything flows. Stopping flows is far more dangerous than Brexit tariffs,” Hallmark said, referring to supply bottlenecks.

    This year Bentley expects to sell more than 10,000 luxury cars and to reach breakeven, mainly thanks to a rebound in demand in China, Hallmark said.

    China sales are up 35% when compared with before the COVID-19 crisis. Sales in Europe and the United States up 15% Hallmark said.

    “Overall we are in a position where we will do well over 10,000 sales this year,” he said via Webcast. “We are on the cusp of going beyond breakeven.”

  • Korean cars find few takers in Southeast Asia, sustained by Vietnam market

    Korean cars find few takers in Southeast Asia, sustained by Vietnam market

    Out of 185,595 South Korean cars sold in Southeast Asia last year, Vietnam accounted for 59 percent. While the Vietnamese auto market only ranks fourth in size in the region, its contribution to the sales of Hyundai and Kia, two major Korean brands, has been remarkable. Since 2018 Vietnam has accounted for more than half of all South Korean car sales in Southeast Asia.

    Sales of Hyundai and Kia in Vietnam in the first 10 months of 2020 rose to 82,129 units for a 31 percent market share.

    Hyundai topped the market with sales at 57,039 vehicles, followed by Japan’s Toyota with 49,950.

    Hyundai vehicles are made by TC Motor at its plant in the northern province of Ninh Binh while Truong Hai Auto (Thaco) makes Kia at its factory in the Chu Lai industrial zone in the Southern Quang Nam Province.

    According to the Korea Automobile Manufacturers Association, South Korean cars had a 5.2 percent share of the regional market in 2019. The figure for Japanese cars was 74.3 percent or 2.63 million units last year.

  • Volkswagen Bets On Porsche Racecar Engineer To Help Overtake Tesla

    Volkswagen Bets On Porsche Racecar Engineer To Help Overtake Tesla

    Alexander Hitzinger, a 49-year-old engineer who defected to Apple after helping to develop Porsche’s winning 919 racecars, has been lured back to Volkswagen Group for perhaps his biggest challenge yet – building an electric car to take on Tesla. While Volkswagen, the world’s largest automaker, has been rolling out electric vehicles from the ID.3 compact to the high-end Porsche Taycan, analysts say it needs a more comprehensive system that integrates electric power with new self-driving and infotainment technologies if it hopes to overtake Tesla.

    It has turned to Hitzinger, whose ability to conceptualize clean-sheet designs and manage projects helped Porsche develop a racecar that won the Le Mans endurance race in 2015, 2016, 2017. After a stint working on Apple’s autonomous cars, Hitzinger now heads up Volkswagen’s “Project Artemis”, named after the Ancient Greek goddess of hunting, with the aim of chasing down electric car pioneer Tesla. “At Porsche, I always thought of a vehicle as a comprehensive system. This is a very important point. It is what Tesla does well,” he explained in a video interview.

    The task of building a car has gotten more complex with the advent of electric and autonomous driving technologies, forcing new battery-driven powertrains to compete for electricity with camera, radar, and lidar sensors, plus infotainment systems. Rather than stitching together separately designed systems, Artemis wants to create something new and seamlessly integrated, from the ground up, Hitzinger told Reuters. “The idea behind Artemis is to have a comprehensive understanding of the vehicle. When something is optimized, this has knock-on effects and these need to be understood.”

    Volkswagen’s “Project Artemis”, named after the Ancient Greek goddess of hunting, with the aim of chasing down electric car pioneer Tesla

    Allocating processing power between propulsion, automated driving and infotainment systems such as satellite navigation and music streaming is a key challenge, he said.

    “The human-machine interface, the interior design, the exterior design, aerodynamics and the range are all interconnected. If I modify something on the exterior, it will impact the aerodynamics and the efficiency,” Hitzinger said.

    Volkswagen Group, whose brands range from budget Seats and Skodas to high-end Audis and Bentleys is now focussing on developing systems that can handle all these new demands.

    The car, which is due to be produced in 2024, will make use of components developed for Porsche and Audi’s premium electric vehicle platform, PPE. The group’s factory in Hanover, Germany, is being retooled to build an electric sport-utility vehicle for Audi, Bentley and Porsche.

    Having a small team of highly qualified engineers, who are empowered to take decisions unencumbered by the corporate bureaucracy of the Volkswagen empire, should end up producing a better vehicle more quickly.

    Analyst say VW needs a more comprehensive system that integrates electric power with new self-driving and infotainment technologies if it hopes to overtake Tesla.

    Project Artemis will have between 200 and 250 staff once Hitzinger is done hiring, up from 10 at present.

    “I am putting the team together on a top-down basis. The managers come first. Then I look for A-players, who will attract other A-players. I don’t want managers, but people who love to develop technologies, who are prepared to take risks,” he said.

    Artemis will seek to draw on existing skills within the Volkswagen Group, such as expertise in making vehicle bodies at Audi, but take the lead in developing new techniques that speed up production and improve the customer experience.

    “We want to set new standards for what a customer can do in a vehicle and how he interacts with the car,” Hitzinger said.

    He declined to elaborate on what user experiences the new car would offer, citing the confidential nature of the project.

    He also declined to comment on a power struggle unfolding at Volkswagen, which has convened its executive committee to meet on Tuesday to decide whether to extend CEO Herbert Diess’s contract.

  • BlackBerry and Amazon Team Up On Vehicle Data And Software Platform

    BlackBerry and Amazon Team Up On Vehicle Data And Software Platform

    Canadian technology specialist BlackBerry and e-commerce titan Amazon have developed a cloud-based software platform designed to help automakers and suppliers standardize vehicle data and speed deployment of new revenue-generating features and services, the companies said on Tuesday.

    BlackBerry and Amazon Web Services (AWS) said the new intelligent vehicle data platform, called IVY, will compress the time to build, deploy and monetize in-vehicle applications and connected services across multiple brands and models, making it easier for automakers to collaborate with a wider pool of developers to accelerate the development of apps and services.

    Carmakers have been reluctant so far to share with outside technology providers much of the data generated by their vehicles. IVY is designed to complement and run simultaneously with new digital vehicle architectures developed by Volkswagen, General Motors and others.

    The platform is built on BlackBerry’s QNX, a vehicle operating system in 175 million vehicles worldwide, according to John Wall, head of BlackBerry Technology Solutions.

    “The biggest challenge that most carmakers have in getting applications in the vehicle or monetizing their data is that there is no standardized way to access the data,” Wall said.

    One goal of BlackBerry and AWS is to establish IVY as a standard platform across the auto industry, as Apple and Google have done in mobile phones through their iOS and Android platforms.

    Without that standardization, Wall said, automakers “can’t really establish an ecosystem” or leverage the broader community of app developers. IVY is expected to be installed on the first production vehicles in the model year 2023, said AWS executive Sarah Cooper. BlackBerry and Amazon declined to say which companies will be the first to use IVY.

  • Hyundai Motor To Launch Dedicated EV Platform In Major Push Into Electric Cars

    Hyundai Motor To Launch Dedicated EV Platform In Major Push Into Electric Cars

    South Korea’s Hyundai Motor Group said on Wednesday it will introduce an electric vehicle-only platform early next year that will use its own battery technology to cut production time and costs.

    The plan underscores efforts by the world’s No.5 auto group to become a major player in the global EV market, as car makers around the world are pouring billions of dollars of investment to improve battery technology, which keeps EV prices high compared with combustion engine models.

    Market leader Tesla said in September it aims to halve the cost of its EV batteries and bring more production of the key auto component in-house to lower EV prices to $25,000 each.

    Hyundai expects its dedicated Electric Global Modular Platform (E-GMP) will allow it to use its own battery module technology across various EV models and cut the number of components by 60%.

    “E-GMP will be highly effective in expanding the Group’s EV leadership position as it will enable the company to enlarge its EV line-up over a relatively short period through modularisation and standardisation,” it said in a statement.

    An electric vehicle based on E-GMP will offer driving range of 500 kms (310 miles) or more on a single charge, an improvement of at least 23% from the Kona EV, the longest driving range model among Hyundai’s EV lineups.

    Hyundai Motor and its sister company Kia Motors together aim to sell 1 million EVs in 2025 to become the world’s third-largest seller of EVs.

    It has promised 23 new EVs including 11 all-electric models by 2025 and plans to introduce a family of EVs under the Ioniq brand from early next year to spearhead its near-term transition toward EV production.