Infineon Technologies AG, Hyundai Motor Company and Kia Corporation have signed a multi-year supply agreement for silicon carbide (SiC) and silicon (Si) power semiconductors. Infineon will build and reserve manufacturing capacity to supply SiC as well as Si power modules and chips to Hyundai/Kia until 2030. Hyundai/Kia will support the capacity build-up and capacity reservation with financial contributions.
News
October 26, 2023
Continental celebrates the 25th anniversary since the foundation of its tire plant in Timisoara, Romania, and the production of the 300 millionth tire. With total investments of over 600 million Euros since 1998, Continental has created more than 2,700 permanent jobs in Timisoara. The Timisoara tire plant has a production capacity of 16.5 million tires. Continental’s Timisoara tire plant specializes in the production of a wide range of tires for both replacement and original equipment, including ultra high-performance tires and van tires, featuring sizes from 13 to 20 inches.
October 25, 2023
In September 2023, new car registrations increased by 9.2%, reaching 861,062 units, marking the EU car market’s fourteenth consecutive month of growth. Two of the EU’s largest markets saw substantial gains; Italy (+22.7%) and France (+10.7%). Germany’s market was relatively steady, with a tiny 0.1% drop compared to September 2022.
In the first three quarters of 2023, the EU car market grew substantially (+16.9%), totalling eight million registered units.
October 24, 2023
Earlier Xiaomi revealed it is launching its new flagships lineup this month, and now we have a date – the Xiaomi 14 series will be announced on October 26. The event will take place in China, where the company will introduce the phones with HyperOS and a variable aperture camera, co-developed with Leica.
The event is likely going to see two phones – Xiaomi 14 and Xiaomi 14 Pro, both of them with a Snapdragon 8 Gen 3 chipset. An Ultra phone may or may not arrive later on.
October 23, 2023
Wipro Pari has signed a definitive agreement to acquire a majority stake in Italy-based Ferretto Automation & Services for an undisclosed amount.
Wipro Infrastructure Engineering operates in hydraulics, industrial automation, aerospace, water treatment, and additive manufacturing. Ferretto Automation & Services specialises in the design and manufacture of automated storage systems. It manufactures a full range of state-of-the-art intra-logistics automation solutions for all storage (ASRS – Automated Storage and Retrieval Systems), handling and distribution needs.
October 19, 2023
Although electric vehicles took roughly six years to get from 1% to 10% of global market share, it will take just six more years to reach 80% adoption, an RMI report says.
Electric vehicle battery costs should fall below $100/kWh by 2026, according to BloombergNEF’s 2022 Battery Price Survey, making EVs much more affordable. In addition, without the fuel or maintenance costs of ICE vehicles, EVs will also be cheaper to operate, which could further spur adoption. In Norway, approximately 80% of all new cars sold last year were fully electric.
October 18, 2023
In the lead up to the Japan Mobility Show in Tokyo later this month, Nissan Motor Co., Ltd. is revealing a series of exciting all-electric concept vehicles, the first of which is the Nissan Hyper Urban crossover, that prioritizes environmental sustainability.
Nissan also unveiled the Nissan Hyper Adventure, the second vehicle in its series of advanced EV concepts for the Japan Mobility Show on October 25. The digital concept is a sports SUV designed for people passionate about outdoor adventures and an eco-friendly lifestyle.