Volkswagen – Asia Pacific Metalworking Equipment News | Manufacturing | Automation | Quality Control https://www.equipment-news.com As Asia’s number one English metalworking magazine, Asia Pacific Metalworking Equipment News (APMEN) is a must-read for professionals in the automotive, aerospace, die & mould, oil & gas, electrical & electronics and medical engineering industries. Sun, 12 May 2024 11:58:06 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.3 Vietnam Sluggish Auto Sales Hit Major Motorshow https://www.equipment-news.com/vietnam-sluggish-auto-sales-hit-major-motorshow/ Sun, 12 May 2024 11:22:52 +0000 https://www.equipment-news.com/?p=32972 Luxury brands Mercedes, Lexus, Audi, and BMW along with Kia, Hyundai and VinFast, reportedly will not participate in this year’s Vietnam Motor Show, the country’s biggest auto event, in October. Vietnam Express reported Audi prefers to participate in more exclusive…

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Luxury brands Mercedes, Lexus, Audi, and BMW along with Kia, Hyundai and VinFast, reportedly will not participate in this year’s Vietnam Motor Show, the country’s biggest auto event, in October.


Vietnam Express reported Audi prefers to participate in more exclusive and luxurious events, Ferry Enders, its CEO for Vietnam, said at the launch of a new showroom in HCMC’s District 7 in March 2024. Lexus expressed it has different business strategies every year, and this year they include not participating in the event. Mercedes has not explained its absence.

Other major brands to not participate are Mini, Kia, Mazda, and Peugeot, all manufactured and distributed in Vietnam by Thaco. VinFast, Nissan and Jeep have also opted out. 

11 companies have confirmed their participation: Ford, GAC, Honda, Isuzu, Mitsubishi, Skoda, Subaru, Suzuki, Toyota, Volkswagen and Volvo. Surprisingly, three motorbike brands, Honda, SYM and Yamaha will also take part.

Last year the Vietnam Motor Show was cancelled due to falling demand for cars in the country. The annual event is usually organised in October to boost sales during the year-end season.

Auto brands have been introducing new models at lower prices than their predecessors to boost demand. South Korea’s Hyundai launched the 2024 MPV Stargazer at prices starting at VND489 million (US$19,210), down 15% from the previous 2022 model.

However, it boasts more advanced technology with wireless charging for smartphones, electronic brakes, forward collision waring, and lane assist. Toyota announced a 4.6% cut in the prices of its 2024 Corolla Cross SUV to VD820 million (US$32,200). It has received many new upgrades in technology and safety systems including a larger entertainment monitor and reverse brake assist.

Germany’s Volkswagen is selling its special edition of the SUV Teramont starting at VND2.5 billion (US$98,200), down 12% from the 2021 version. Mazda, assembled in Vietnam by Thaco, is selling its CX-5 at VND749 million (US$29,400), down 10% from the previous model.

“The key is to claim more market share. Amid a slow market, customers prefer affordable products. Prices determine the number of buyers,”  the manager of a Japanese auto dealership in HCMC said to explain why prices are being lowered.

Other industry insiders said by lowering prices companies are able to reduce their inventories, thus cutting storage costs. Higher sales also mean they are able to pay their bank loans faster. Last year auto sales plummeted by 25% to 369,400 units with most brands suffering double-digit declines. In Q1 2024, the Vietnam Automobile Manufacturers Association posted a decline of 18% to 58,200 units.

 

 

 

 

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Tesla Settling Lawsuit Erodes Faith In Autonomous Driving https://www.equipment-news.com/tesla-recent-lawsuit-erodes-faith-in-autonomous-driving/ Tue, 09 Apr 2024 04:24:12 +0000 https://www.equipment-news.com/?p=32723 Tesla, the EV pioneer continues to suffer reputational damage after settling a lawsuit involving a tragic crash in 2018 with his Model X on Autopilot – fueling doubts over autonomous driving. Tesla has settled a lawsuit over a 2018 car…

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Tesla, the EV pioneer continues to suffer reputational damage after settling a lawsuit involving a tragic crash in 2018 with his Model X on Autopilot – fueling doubts over autonomous driving.


Tesla has settled a lawsuit over a 2018 car crash that killed an Apple engineer after his Model X, operating on Autopilot, swerved off a highway near San Francisco, court documents showed on 8 April 2024 according to Reuters. The settlement was made on the eve of the trial over the high-profile accident involving Tesla’s driver assistant technology.

Tesla faces a series of lawsuits over crashes related to the alleged use of Autopilot, putting the automaker at risk of large monetary judgments and reputational damage. The settlement, whose terms were not disclosed, came as Chief Executive Elon Musk makes major promotions of self-driving technology, touted as key to the financial future of the world’s most valuable automaker.

The 2018 accident killed 38-year-old Walter Huang. His family had alleged that Autopilot steered his 2017 Model X into a highway barrier. Lawyers for Huang’s family had also raised questions about whether Tesla understood that drivers likely would not or could not use the system as directed, and over what steps the automaker took to protect them.

Tesla contended that Huang misused the Autopilot system because he was playing a video game just before the accident. The crash is among hundreds of U.S. accidents in which Autopilot was a suspected factor in reports to auto safety regulators.

The U.S. National Highway Traffic Safety Administration has examined at least 956 crashes in which Autopilot was initially reported to have been in use. The agency separately launched more than 40 investigations into accidents involving Tesla automated-driving systems that resulted in 23 deaths.

“It is striking to me that Tesla decided to go this far publicly and then settle. What this does do, though, is it says to other attorneys, we might settle. We might not always fight it. That is the signal,” said Bryant Walker Smith, Law Professor at the University of South Carolina with expertise in autonomous vehicle law.

The case follows two previous California trials over Autopilot that Tesla won by arguing the drivers involved had not heeded its instructions to maintain attention while using the system. Despite marketing features called Autopilot and Full Self-Driving, Tesla has yet to prove it can produce an autonomous car despite years of predictions by CEO Elon Musk that one was just around the corner, an expectation that partly underpinned Tesla’s soaring valuation.

Musk said Tesla plans to unveil a completely self-driving robotaxi on 8 August 2024, after Reuters reported Tesla scrapped an inexpensive car plan in favor of robotaxis. He also said that Tesla will offer U.S. customers a month’s free trial of its driver-assist technology, Full Self-Driving.

Tesla says Autopilot can match speed to surrounding traffic and navigate within a highway lane. The step-up “enhanced” Autopilot, which costs $6,000, adds automated lane-changes, highway ramp navigation and self-parking features.

The $12,000 Full Self-Driving option adds automated features for city streets, such as stop-light recognition. Tesla materials explain the systems warn that it does not make the car autonomous and requires a “fully attentive driver” who can “take over at any moment.”

Autonomous Driving May Lose Its Charm (If Not Already?)

Evangelos Simoudis, investor, author and corporate adviser, said:

“Companies are realising that attaining level 4 of autonomous driving is way more difficult and expensive than the industry predicted.”

Level 4 autonomous driving refers to the vehicle moving automatically in longitudinal and lateral axes and the driver does not have to keep their eyes on the road or supervise the vehicle. Last October, GM found itself in hot water after an accident involving a pedestrian with its robotaxi. It resulted in General Motors’ Cruise recalling 950 driverless cars from the roads across the United States and slapped with federal investigations, Tesla’s brake systems fault also resulted in a massive recall.

This was in light of Aptiv, auto parts maker’s announcing its stake reduction in the autonomous vehicle joint venture after incurring millions in losses. Motional is a joint venture between Aptiv and Hyundai Motor Company, which uses the IONIQ 5 electric car as its robotaxi. The EV is used in Las Vegas through Uber and Lyft.

“While our Motional joint venture continues to make progress on their technology road map, we’ve decided to no longer allocate capital to it,” Aptiv CEO Kevin Clark said during the earnings call. Aptiv’s 2024 profit forecast of US$5.55 to US$6.05 per share includes a non-cash equity loss of about US$340 million, or US$1.20 of earnings per share, related to Motional’s losses. 

In January 2024, GM said it would cut about $1 billion in spending on its troubled robotaxi unit, Cruise, in 2024, while Ford and Volkswagen walked out of their self-driving startup Argo AI in 2022, saying the technology was a long way off.

The exit from Argo came after three years of joint efforts to develop automated driving systems and more than US$3 billion in investments, highlighting the cost pressure and safety hurdles automakers face. Aptiv joins Ford Motor, Volkswagen and General Motors in cutting down or backing out of the technology, which is often touted as the future of mobility.

 

 

 

 

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Volkswagen To Speed Up Electric Vehicle Transition https://www.equipment-news.com/volkswagen-to-speed-up-electric-vehicle-transition/ Fri, 02 Sep 2022 04:49:38 +0000 https://www.equipment-news.com/?p=27025 Volkswagen will accelerate its transition towards electric vehicles, but needs to find the right “rhythm” as it makes the shift, new Chief Executive Oliver Blume said at an internal conference on 1 September 2022, the first day of his tenure.…

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Volkswagen will accelerate its transition towards electric vehicles, but needs to find the right “rhythm” as it makes the shift, new Chief Executive Oliver Blume said at an internal conference on 1 September 2022, the first day of his tenure.


(REUTERS): At a gathering of global top managers in Lisbon, Blume said he had developed a ten-point plan focusing on topics including financial robustness, sustainability, the capital market, and development in China and North America. 

“I am a fan of e-mobility and I stand by this path… we will keep the current pace and, where possible, increase it,” Blume said.

Volkswagen aims to overtake Tesla as the world’s largest electric vehicle maker by 2025 and for half its global vehicle sales to be battery-electric by 2030.

Blume, CEO of Porsche since 2015, is an advocate for synthetic fuels, raising questions upon his appointment to the helm of the Group over whether he would water down the strong focus of former boss Herbert Diess on battery-electric vehicles. Still, the new chief said in an interview with local newspaper Braunschweiger Zeitung that e-fuels remained “primarily a topic for Porsche”.

Volkswagen must find the right rhythm for a stable transformation by defining and following through on a clear strategy, he added in his speech in Lisbon, which was peppered with references to the importance of teamwork and collaboration. Sources have said Blume was chosen in part because he is seen as a calmer and more consensus driven leader than his predecessor, who was known for radical shifts in strategy and a single-minded approach which at times angered the carmaker’s powerful workers council.

In an interview with Handelsblatt, the 54-year-old attempted to allay concerns that his dual role as chief of Porsche and Volkswagen would cause problems, pointing out he was giving up 10 of his mandates. Blume will also take over responsibility for software unit Cariad, which was set up on Diess’ watch and is far behind on its goals.

The software unit could be more open towards partnerships, Blume told Handelsblatt, reasoning that if global standards exist, it was inefficient to reinvent the wheel.

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Global Automakers Face Electric Shock In China https://www.equipment-news.com/global-automakers-face-electric-shock-in-china/ Thu, 02 Jun 2022 00:00:57 +0000 https://www.equipment-news.com/?p=25811 BEIJING, (Reuters) – If global automakers think they can extend their dominance in China into the electric era, they may be in for a shock. Reporting by Norihiko Shirouzu; Additional reporting by Zoey Zhang in Shanghai, Kevin Krolicki in Singapore…

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BEIJING, (Reuters) – If global automakers think they can extend their dominance in China into the electric era, they may be in for a shock.

Reporting by Norihiko Shirouzu; Additional reporting by Zoey Zhang in Shanghai, Kevin Krolicki in Singapore and David Dolan in Tokyo; Editing by Pravin Char

Kings of the combustion age such as General Motors and Volkswagen are falling behind local players in the booming electric vehicle (EV) market in China, a country that’s key to funding and developing their electric and autonomous ambitions.

For Beijing office worker Tianna Cheng, the main dilemma when she was buying a 180,000-yuan ($27,000) Xpeng electric crossover was whether she should go for a BYD car instead, or a Nio; she did not seriously consider overseas marques.

“If I was buying a gasoline car, I may have considered foreign brands,” the 29-year-old said as she drove home from work. “But I wanted an EV, and other than Tesla, I saw few foreign brands applying advanced smart technology properly.”

Buoyed by demand from consumers like Cheng, electric car sales are rocketing in China’s roughly $500 billion auto market, the world’s biggest.

In the first four months of 2022, the number of new energy passenger cars – pure EVs and plug-in hybrids – more than doubled from a year earlier to 1.49 million cars, according to data from the China Association of Automobile Manufacturers.

The cleaner technologies accounted for 23% of China’s passenger car market, where overall vehicle sales fell 12%, reflecting a steep decline in demand for gasoline cars.

There are no foreign brands among the top 10 automakers in the new energy vehicle (NEV) segment this year, with the notable exception of U.S. electric pioneer Tesla in third place, according to China Passenger Car Association data.

All the rest are Chinese brands, from BYD and Wuling to Chery and Xpeng. China leader BYD has sold about 390,000 EVs in the country this year, more than three times as many as global leader Tesla sold there. The top-ranked traditional carmaker is Volkswagen’s venture with FAW Group, in 15th place for EV sales.

Reuters Graphics

Reuters Graphics

Cheng said that overseas marques, whether the Buick Velite 7 or Volkswagen’s ID. series, failed to provide what she was looking for: an EV capable of giving her the “comfort” of having a smartphone-like experience in her vehicle.

“Foreign brands are so far from my life and lifestyle,” said Cheng, whose digital assistant handles connections to apps like Alipay and Taobao and “does everything for me from opening the windows to turning on music”, while her car software provides over-the-air updates.

It’s quite a reversal. Global brands have dominated in China since the 1990s, typically winning a collective 60-70% share of passenger car sales in recent years. In the first four months of 2022 they captured 52%, with their April monthly share at 43%.

Signalling the scale of the challenge facing traditional automakers, Nissan CEO Makoto Uchida told Reuters that some brands “could disappear in three to five years” in China.

“Local brands are becoming stronger,” said Uchida, who was formerly Nissan’s China chief, adding that the quality of EVs from Chinese makers had improved rapidly, with advances being made in the space of months.

“There will be a lot of transformation in China and we need to carefully watch the situation,” said the CEO, adding that carmakers had to be nimble in the design, development and launch of new models.

“In those aspects, if we were slow, we would be left behind.”

‘HI-TECH NATIVES’

Bill Russo, a former Chrysler executive who now heads Shanghai-based consultancy Automobility, said global brands need to turn the situation around quickly because they controlled less than 20% of China’s only growth auto market.

“Chinese brands are wining the race to EV,” said Russo, adding that consumers’ shift to cars that are essentially smartphones on four wheels appeared irreversible and that traditional carmakers were having trouble keeping up.

“I think it’s a secular shift toward hi-tech,” he said of the consumer demand for a “user-centric digital services experience” with a focus on interface, connectivity and apps.

“Traditional companies are not hi-tech natives.”

Volkswagen Group (VOWG_p.DE) brands, including Volkswagen, Audi, Bentley, Lamborghini, Porsche and Skoda, have led the market for much of the past two decades, alongside General Motors (GM.N) marques such as Buick, Chevrolet and Cadillac.

The two global groups had overall auto market shares of almost 13% and 12% respectively in China last year, according to LMC Automotive. Detroit giant GM also has a 44% stake in the locally controlled SAIC-GM-Wuling Auto (SGMW) venture, and includes its sales in group numbers, though SGMW does not make American brands, only Wuling and Baojun cars.

GM is now focused on winning over younger buyers in big cities that have hitherto largely snubbed its models according to two people familiar with the automaker’s business in China.

The group has announced electrification plans to spend more than $35 billion globally by 2025, including more than 30 new EVs, over 20 of them in China, starting this year with the launch of the all-electric Cadillac Lyriq crossover SUV.

The two sources said the Lyriq launch would be followed by an electric Buick SUV and a smaller, sportier electric crossover, both also planned for as early as this year.

Sales of Buicks have declined 32% over the last five years to 828,600 vehicles in 2021, while Chevrolet has shrunk more than half to 269,000 vehicles, according to LMC Automotive.

GM told Reuters it was aiming to install capacity to produce 1 million EVs a year by 2025 in China, adding that demand for the Buick Velite NEV family and Chevrolet Menlo EV “both grew significantly” in 2021 and the first three months of this year.

It said it was deploying smart technologies including hands-free driver assistance on highways, “aviation-grade” cyber security and over-the-air software updates.

Reuters Graphics

AUTOBAHN SPEED?

Volkswagen, which is spending around $55 billion globally on EVs by 2026, launched its new-generation of ID. series in China early last year but missed its goal of selling 80,000 to 100,000 cars last year. It aims to sell 160,000 to 200,000 ID. cars this year, though it has sold only 33,300 through April.

A key concern for foreign brands, according to one of the people close to GM plus a Volkswagen insider, is that their new EVs are being designed more for American and European markets in mind, with a heavier focus on performance and durability.

“Autobahn speeds? In most big cities in China traffic is so congested people can’t even drive above 60 km/h on most days,” said the source close to GM, who is familiar with the automaker’s product plans and product-development processes.

Volkswagen said NEV demand in China was strongly linked to the “smart car” theme, adding that it was investing in local R&D, especially in software.

“Our strategy will enable us to achieve our ambitious targets in China. By 2030, we also want to be the market leader in e-vehicles and thus ensure that Volkswagen remains the number one in China in the future,” it added.

The challenge for global brands is to find the formula to win over consumers in big cities with disposable incomes, like Cheng in Beijing and Li Huayuan, a civil engineer from Shanghai.

Li only half-heartedly considered Japanese and German brands when he bought his BYD electric sedan last year for 290,000 yuan including insurance.

“Seems to me only Tesla stands out when it comes to American brands,” he said from his parked BYD car in the Sichuan provincial city of Mianyang where he’s working on a project. “The other brands don’t even look competitive to me.”

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India’s Mahindra To Explore More Partnerships For EV Parts https://www.equipment-news.com/indias-mahindra-to-explore-more-partnerships-for-ev-parts/ Thu, 26 May 2022 04:00:33 +0000 https://www.equipment-news.com/?p=25736 DAVOS, Switzerland,(Reuters) – India’s Mahindra and Mahindra (MAHM.NS) will explore sourcing more components from other companies to boost its electric vehicle (EV) portfolio, its chief executive told Reuters. Reporting by Aditya Kalra in Davos; Editing by Alexander Smith Anish Shah, Chief…

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DAVOS, Switzerland,(Reuters) – India’s Mahindra and Mahindra (MAHM.NS) will explore sourcing more components from other companies to boost its electric vehicle (EV) portfolio, its chief executive told Reuters.

Reporting by Aditya Kalra in Davos; Editing by Alexander Smith

Anish Shah, Chief Executive Officer (CEO) of India’s Mahindra Group, said Mahindra had over time focused on developing EV components in-house, but now changed tack to forge partnerships to achieve faster growth in the segment.

Mahindra last week signed a partnership agreement with Volkswagen (VOWG_p.DE) in which it will explore equipping its electric cars with motors, battery system components and cells made by the German automaker. read more

“The world is moving towards a lot more partnerships. It’s better to source the best that’s out there, rather than do everything ourselves,” Shah said in an interview at the World Economic Forum summit at Davos.

“It’s VW (Volkswagen) at this stage and as we see similar strengths in other areas, we are open to looking at various components that we would bring in, and do what we are very good at in-house as well,” he added.

Although Mahindra is placing big bets on developing its EV portfolio, it will face fierce competition from India’s Tata Motors (TAMO.NS) in a country where the clean mobility sector is picking up fast.

Prime Minister Narendra Modi is offering companies billions of dollars in incentives to build EVs, as India looks to meet its climate change and carbon reduction goals.

India’s EV market represents only 1% of the country’s annual sales of about 3 million vehicles, with consumers still opting for fuel-guzzling cars that are far more affordable.

Tata dominates India’s EV market and last year raised $1 billion from TPG for the business. MG Motor India, which is owned by China’s SAIC Motor (600104.SS), also has plans to raise funds to develop its EV business. read more

Shah said Mahindra will use “significant funds” for EVs and had them available, adding: “We always will be open to value creation opportunities”.

Mahindra has developed a portfolio of EV commercial vehicles in India, but the latest push is focussed on passenger cars, and more particularly, sports utility vehicles (SUVs).

“Our strike zone has been authentic SUVs, that’s where we are going to stay … we are not going to make EV sedans, no hatchbacks,” Shah said.

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E-Mobility: ZEISS Accelerates Volkswagen’s EV Production https://www.equipment-news.com/e-mobility-zeiss-accelerates-volkswagens-ev-production/ Tue, 12 Apr 2022 00:00:49 +0000 https://www.equipment-news.com/?p=25057 ZEISS and Volkswagen have been working together to develop a new measuring solution for hairpin stators. The Volkswagen plant in Salzgitter manufactures important components for the new APP 310 electric drive destined for the VW ID.3, including an innovative hairpin…

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ZEISS and Volkswagen have been working together to develop a new measuring solution for hairpin stators.


The Volkswagen plant in Salzgitter manufactures important components for the new APP 310 electric drive destined for the VW ID.3, including an innovative hairpin stator. To assure the quality of this sophisticated engine design, ZEISS worked collaboratively with Volkswagen(VW) to develop a convincing measuring solution.

The VW ID.3 is the first-ever vehicle to be designed purely as an electric car. This compact model went into production in 2021, with up to 500,000 units expected to roll off the factory floor in Germany. In addition, plans to set up more production plants in other countries are already in place.

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Top 10 Manufacturing Hubs Based In Shanghai https://www.equipment-news.com/top-10-manufacturing-hubs-based-in-shanghai/ Thu, 07 Apr 2022 04:00:28 +0000 https://www.equipment-news.com/?p=24926 This week, the government of Shanghai, a city of 25mn, ordered all factories to suspend their manufacturing during a city-wide lockdown to prevent the spread of COVID-19. By Helen Sydney Adams 28.7% of the world’s manufacturing output takes place in China.…

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This week, the government of Shanghai, a city of 25mn, ordered all factories to suspend their manufacturing during a city-wide lockdown to prevent the spread of COVID-19.

By Helen Sydney Adams

28.7% of the world’s manufacturing output takes place in China. The north-eastern coastal city of Shanghai is its biggest hub, with over 2,000 container ships leaving the port each month to deliver cars, electronics and clothes to the world.

Top 10 manufacturing hubs based in Shanghai:

10. Fosun Group

Founded: 1992, Shanghai

Product: Technology, real estate, steel and healthcare

On the 2021 Forbes Global 2000 List, Fosun International ranks at no. 459. For three years, it has sat at the peak of China’s Top 500 Private Enterprises.

Fosun leads the customer-to-maker (C2M) ecosystem, building good quality products and services for customers across the world.

9. General Motors

Founded: 1908, USA, entering China in 1997

Product: Vehicles

The Chinese government was instrumental in the partnership between the Shanghai Automotive Industry Corporation (SAIC), China’s largest passenger automobile manufacturer, and General Motors. 

As SAIC-GM, the manufacturing facility in Shanghai is worth US$1.5bn. It is considered the biggest automobile complex in China.

8. Apple

Founded: 1976, USA, moving to China in 1988

Product: Electronics

Want to take a selfie? 

Apple’s Qualcomm factory manufactures the cameras used in the iPhone and iPad, including the camera algorithm, chassis, lens and the focus sensor.

Qualcomm is also pioneering the way 5G technology is used across computing and IoT.

7. Tesla

Founded: 2003, Texas, moving to China in 2018

Product: Vehicles and Tiny Houses

Growing demand for Tesla’s EVs in China (and competition with Volkswagen) means that Tesla is reportedly preparing to build a second factory in Shanghai, to double its EV production.

If successful, the electric vehicle manufacturer could be making up to 2mn cars each year.

6. Yotex Apparel

Founded: 2015, Shanghai

Product: Clothing

Endorsed by East China University of Science and Technology, Yotex Apparel Co., Ltd. was founded by a group of Fashion Design Engineers. Self-described ‘quality enthusiasts’, Yotex Apparel manufacture active sportswear and protective clothes.

In 2020, the business boomed due to an increase in demand for activewear, which has not slowed down.

5. Bright Food

Founded: 2006, Shanghai

Product: Food

As the second biggest food company in China, Bright Food utilises modern agriculture, food manufacturing and distribution to create products loved all over the world, including Maling canned foods and Bright ice cream.

Bright Food also has six listed companies, including Bright Dairy, Jingfeng Wine and Bright Real estate.

4. Shanghai Pharmaceuticals Holding

Founded: 1994, Shanghai

Product: Pharmaceuticals

The vertically-integrated and diversified pharmaceutical group, Shanghai Pharmaceuticals Holding Co. Ltd. (“SPH”), provides leading healthcare services in Research and Development, Manufacturing, Distribution and Retail.

As a leader in both manufacturing and distribution in China, SPH’s 2019 revenues reached US$26.5bn, making SPH one of China’s major healthcare forces.

3. ABB

Founded: 1999, Shanghai

Product: Technology

ABB Engineering (Shanghai) Ltd. is ranked among China’s top 100 electric enterprises and the company claims its success is due to its 105,000 employees, who are spread out over 100 countries.

The leading technology company is pushing for a more sustainable future for all stakeholders, through balancing economic success and environmental stewardship.

2. Volkswagen

Founded: 1937, Germany, arriving in Shanghai in 1985

Product: Vehicles

Despite competition with Tesla, Volkswagen continues to diversify its portfolio.“This emphasises the brand’s target of at least 50% of cars in North America and China being electric by 2030,” said Ralf Brandstätter, CEO Volkswagen.

“We will continue to improve our existing models and their variants to meet the needs of our Chinese customers,” said Stephan Wöllenstein, CEO of Volkswagen Brand China, on the growing EV market.

1. Baosteel Group

Founded: 1978, Shanghai

Product: Iron and steel

In the construction industry, iron and steel are core ingredients. Over 2020, the value of construction output made up 25.9% of China’s GDP and part of that is due to Baosteel.

As the first manufacturer capable of supplying the first, second and third generation of advanced high-strength steel, Baosteel is exported across the world, where it is used in a variety of sectors, including automobile, transportation and nuclear power.

Source_https://manufacturingdigital.com/procurement-and-supply-chain/top-10-manufacturing-hubs-based-in-shanghai

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Inflationary Pressure In Raw Materials & Logistics, Threatens Car Production https://www.equipment-news.com/inflationary-pressure-in-raw-materials-logistics-threatens-car-production/ Thu, 17 Mar 2022 00:00:45 +0000 https://www.equipment-news.com/?p=24511 Tesla Inc (TSLA.O) hiked prices in China and the United States for the second time in less than a week, after founder Elon Musk said the U.S. maker of electric cars faced significant inflation pressure. Elon Musk recently shared that…

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Tesla Inc (TSLA.O) hiked prices in China and the United States for the second time in less than a week, after founder Elon Musk said the U.S. maker of electric cars faced significant inflation pressure.


Elon Musk recently shared that Tesla Inc and his rocket company SpaceX are facing significant inflationary pressure in raw materials and logistics.

Musk in a tweet also asked about the inflation rate outlook and said his companies”are not alone”, retweeting an article saying the Ukraine-Russia conflict sent commodity prices to their highest levels since 2008.

Russia’s invasion of Ukraine has led to a surge in prices of metals used in cars – from aluminium in the bodywork to palladium in catalytic converters to the high-grade nickel in electric vehicle batteries – and customers are likely to foot the bill.

Soaring raw material prices has raised concerns about EV economics, as legacy automakers and startups prepare to launch new cars this year after overcoming problems related to chip shortages.

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Additionally, geopolitical challenges arising from Ukraine’s invasion have affected factory operations in the United States and made it difficult for raw material suppliers to quote prices. read more

“Just as hopes the semi-conductor shortage was easing… the invasion has thrown up fresh disruptions to the supply of essential materials and a worrying surge in prices,” Hargreaves Lansdown analyst Susannah Streeter said.

Wells Fargo analysts noted that prices of nickel, a key material used in batteries, were up 130%, while cobalt, lithium and aluminum surged 16% to 88% this year.

Tesla raised prices of its popular SUVs and sedans in China and the United States by $1,000 last week. Rivian Automotive Inc (RIVN.O) warned it would cut its planned production in half.

Technicians work in the assembly line of German carmaker Volkswagen's electric ID. 3 car in Dresden, Germany, June 8, 2021. REUTERS/Matthias Rietschel/File Photo

Technicians work in the assembly line of German carmaker Volkswagen’s electric ID. 3 car in Dresden, Germany, June 8, 2021. REUTERS/Matthias Rietschel/File Photo

Volkswagen warns of more supply chain troubles in 2022

Volkswagen (VOWG_p.DE) sold 2 million fewer cars than planned last year due to the semiconductor shortage, warning that ongoing supply bottlenecks, high commodity prices and the Russia-Ukraine conflict could hit growth in 2022.

Volatility in commodity markets could continue into 2026, Volkswagen said, exacerbated by Russia’s invasion of Ukraine, which has caused prices of materials key to car production, such as nickel and palladium, to soar.

The Volkswagen Group has a production site in Kaluga as well as sales units and financing companies in Russia, it said, which could be adversely affected by further sanctions on the country. It does not have subsidiaries or equity investments in Ukraine.

Still, business activities of the group in Russia and Ukraine were not significant, it said.

Volkswagen reported on Friday that it doubled operating profit in 2021 to just under 20 billion euros ($21.99 billion)thanks to higher prices and a more favourable product mix, despite total unit deliveries hitting a 10-year low of 8.9 million. read more

Looking forward, it expects to increase deliveries by 5-10% in 2021 and boost revenues by 8-13%, it said on Friday, even as it warned of ongoing troubles in the supply chain.

The carmaker reported rising revenue across all major regions in 2021, including in Asia Pacific, where it saw a fall in unit sales.

Both Volkswagen and Toyota (7203.T) have suspended production temporarily at some plants in China due to COVID-related lockdowns, with Toyota warning on Tuesday that the suspensions could last until the end of the month. read more

Source_Reuters

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Carmakers Sharing Data? Your Connected Car Knows You https://www.equipment-news.com/carmakers-sharing-data-your-connected-car-knows-you/ Tue, 15 Mar 2022 04:00:35 +0000 https://www.equipment-news.com/?p=24477 Companies in Europe and beyond are vying for control of the crown jewels of the connected car era: your vehicle’s data. Reporting by Nick Carey; Additional reporting by Victoria Waldersee in Berlin, Gilles Guillaume in Paris, Carolyn Cohn and Huw…

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Companies in Europe and beyond are vying for control of the crown jewels of the connected car era: your vehicle’s data.

Reporting by Nick Carey; Additional reporting by Victoria Waldersee in Berlin, Gilles Guillaume in Paris, Carolyn Cohn and Huw Jones in London; Editing by Pravin Char

The contest is entering a pivotal phase as EU regulators look to hammer out the world’s first laws for the ballooning industry around web-enabled vehicles, pitting carmakers against a coalition of insurers, leasing companies and repair shops.

European Commission sources said the EU executive should launch an industry consultation on in-vehicle data this week which could lead to legislation later this year – the first of its kind globally.

Many companies view data as the gold of the new wired world, though for some it’s more akin to air or water.

“If you don’t have access to data in the future, eventually you’ll be squeezed out,” says Tim Albertsen, CEO of ALD, Societe Generale’s car leasing division, which commands millions of vehicles.

“You’ll not be efficient, you’ll not have the right services, you just can’t operate at the end of the day.”

Car manufacturers, guarding their gatekeeper role in accessing data from their vehicles, have resisted specific regulations for in-vehicle data, saying that protecting consumers is paramount.

“Europe’s auto industry is committed to giving access to the data generated by the vehicles it produces,” said a spokesperson for the European Automobile Manufacturers’ Association (ACEA). “However, uncontrolled access to in-vehicle data poses major safety, (cyber) security, data protection and privacy threats.”

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Yet the companies lined up against them say limiting or charging what they deem unfair amounts for access to in-vehicle data could kill off competition for carmakers who already operate their own leasing firms, car subscription services and repair shops.

In some cases, they say carmakers are already restricting access to vehicle data and charging independent repair shops more for access.

“The manufacturers are in direct contact with the vehicle, so they get all the data,” says Sylvia Gotzen, CEO of the International Federation of Automotive Aftermarket Distributors, or FIGIEFA, which is part of a broader alliance of repair shops and parts makers that employs 3.5 million people in Europe.

“They get the full buffet and all we get is some crumbs.”

CARMAKERS: WE SHARE DATA

Vehicle manufacturers have big plans for data.

For example Stellantis, the world’s No. 4 carmaker, expects to generate 20 billion euros ($22.4 billion) annually by 2030 from software products and subscription services. Such offerings are also central to General Motors’ plan to double annual revenue to around $280 billion.

Volkswagen said data is becoming the “key source of value creation and innovation”, adding that customers have “full control” over it, citing vehicle security and customer sovereignty as its main focuses.

BMW rejected suggestions it was withholding data.

The German company said it can share nearly 100 data points with third parties if drivers requested it and could make more available if companies prove a real business need for them and a willingness to take responsibility for cybersecurity risks. Auto supplier groups like FIGIEFA say carmakers can access thousands of data points.

A BMW spokesperson said the carmaker would like all sides to sit down with a mediator such as the European Commission and hammer out a list of data points that is acceptable to everyone.

Stellantis CEO Carlos Tavares told reporters on Friday that the carmaker aggregated data, which cost money, and so needed to be paid for it. He cited, as an example, data that Stellantis sells to cities to measure how often anti-lock braking systems are engaged at junctions and gauge which are the most dangerous.

“It is not only collecting the data, it is also about crunching the data in a way that is going to create value for somebody willing to pay for it,” Tavares said.

‘DATA IS ABSOLUTELY KEY’

Yet other companies in the auto ecosystem, such as ALD, say they want the European Union to ensure a level playing field

ALD, in the process of buying Dutch rival LeasePlan to give it a combined fleet of 3.5 million vehicles, has a car-sharing platform that needs to run diagnostics, read the odometer, check the fuel gauge and switch cars between users.

It also offers an insurance product that lowers your premium based on good driving behaviour – monitoring how you accelerate and brake.

“Access to data is absolutely key for us to provide the services we do today,” CEO Albertsen said.

To extract car data, ALD plugs a wireless “dongle” into the vehicle that transmits information to an in-house developed platform that it pays U.S. startup Vinli to operate. Carmakers running similar services get that data directly, putting ALD at a competitive disadvantage, Albertsen said.

Stellantis, for instance, offers car sharing and rentals through its Free2Move unit. Volkswagen could take over rental company Europcar to take advantage of car sharing and subscription services.

And most major carmakers have their own leasing units, like BMW’s Alphabet and Mercedes-Benz’s Athlon.

ALD’s Albertsen said major fleet customers were willing to pay for the data but that he wanted regulations to ensure ALD’s car-sharing unit paid the same as, for instance, Stellantis charges its own Free2Move division.

RISKS FOR REPAIR SHOPS

Insurers and car repair shops say it is paramount that the EU let drivers choose who accesses their vehicles’ data.

“There is a need to regulate this, as you cannot leave this in the hands of car manufacturers,” said Nicolas Jeanmart, industry group Insurance Europe’s head of personal and general insurance. “It should be for each driver to decide what they want to do with their data.”

FIGIEFA’s Gotzen said that would allow car owners to link their preferred repair shop to their car and have it run remote diagnostics if they had car trouble, instead of relying solely on the manufacturer’s recommendations.

“All of this is technically possible now, but we are hampered because car manufacturers prevent us from doing this,” she said.

She said FIGIEFA’s members are willing to adopt carmakers’ cybersecurity processes and requirements, but added cybersecurity could serve as an excuse for carmakers to restrict access.

Richard Knubben, deputy director general of Leaseurope, which represents Europe’s leasing and car rental firms, said the longer the EU took to legislate car data, the more independent repair shops are at risk of going out of business because they lack access to it.

“By the time we get legislation we may already be stuck with an imbalance that we can’t fix anymore,” Knubben said.

Source: Reuters

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What Will Move Us Next?IAA Mobility 2021 Highlights https://www.equipment-news.com/what-will-move-us-next-iaa-mobility-2021-highlights/ Mon, 13 Sep 2021 13:06:17 +0000 http://www.equipment-news.com/?p=20879 With 2021 coming to a close and some countries slowly easing restrictions within their country, the post-pandemic world has certainly been enlightened to how mobility affects us significantly. By Ashwini Balan, Eastern Trade Media Mobility can be labelled as an…

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With 2021 coming to a close and some countries slowly easing restrictions within their country, the post-pandemic world has certainly been enlightened to how mobility affects us significantly.

By Ashwini Balan, Eastern Trade Media


Mobility can be labelled as an umbrella term that encapsulates a wide range of functions either as enabling mobility or in itself mobility. Especially in our digital world, the possibility is simply limitless from our standard automobiles to digital solutions and urban air mobility. With the global vision of an all-electric future, the organisers of IAA Mobility 2021, have brought together a phenomenal trade show that has been a trending topic among trade leaders, international corporations and fans of the latest automotive innovations. 

400,000 participants from 95 countries – 744 exhibitors and 936 speakers from 32 countries – 67 percent of visitors under the age of 40 – international media reach of 137 billion – survey shows very positive exhibitor and visitor response. All these statistics makes it further evident that the premiere of IAA Mobility 2021 in Munich, from the 7th to 12th September, was a roaring success and is now the largest mobility event in the world.

“We took a courageous step and were rewarded by the visitors,” said Hildegard Müller, President of the German Association of the Automotive Industry (VDA), which organized the first IAA Mobility this year jointly with Messe München.

“What will move us next?” is the motto of this year’s show with three key pillars being mobility of the future, commitment to constant change, and a platform for all those shaping the future. Among the massive list of exhibits, some were well-known OEMs such as Renault, Hyundai, Ford, BMW, MINI, Mercedes-Benz, Audi, Porsche, Volkswagen, Huawei, Microsoft, IBM, Bosch, Magna, Schaeffler, Continental, Michelin, and the bicycle brands Canyon, Specialized, Riese & Müller, Rose, Kettler and many more.

I have narrowed some interesting products and innovations that might be of interest to you. 

Products: 176 listed

Automobiles Related

Innovations: 340 listed

“We are now evaluating the event and will further develop our strategy so that we can welcome an even broader spectrum of exhibitors at the next IAA MOBILITY, and to continue the dialog on the future of mobility.,” Hildegard Müller said. 

Regardless of the event format in Munich, the IAA Mobility will continue operating its website www.iaa.de, making it a worldwide digital platform for the transformation of mobility on the path to climate neutrality, for innovations around cars, bikes, scooters, car and ride sharing, digitization and urban development.

References of the content:
1. Original Article Source: Press Release, IAA Mobility 2021 Website

2. The best photos of the IAA MOBILITY 2021 are available here

3. The film about the IAA MOBILTY 2021 is available here

4. The public-domain photo. and film material is available here

5. The complete list of exhibitors is available here

6. The complete list of partners is available here

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