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US offers USD 710 mn in loans for EV technology projects, Auto News, ET Auto

EV Technology: South Korean company SK Siltron CSS is set to receive USD 544 million to expand a plant in Bay City, Michigan that produces high power silicon carbide wafers used in electric vehicles. Those components are critical EV drivetrains, including inverters, and electrical distribution systems, the department said.
United States South Korea Bay City Lake Orion South Korean Jennifer Granholm

Innovations and collaborations to shape the EV future in last mile mobility, ET Auto

Last Mile Mobility: A Bengaluru-based startup, Emobi, intends to enter the diverse segments of electric vehicles, including last-mile delivery, passenger transport, utility vehicles, and personal commuting in collaboration with various prominent players in the segment.
Emobi Kyari Kyarinew Bharath Rao Honda Power Pack Energy Emobi Kyari Emobi Kyarinew Delhi Honda Motors

Accelerating cyber security threats in connected cars, Auto News, ET Auto

An EY report on ‘Cyber securing connected cars 2.0; Navigating opportunities and risks in the digital era’ has mentioned several cybercrimes that can harm the consumer’s privacy. EY survey has disclosed the data that ranked India second in 2022 for the total number of cybercrime complaints received 2,550 that is 28.8%. Canada was at the top with 5,517 complaints. Australia, France, and South Africa followed India.
South Africa New Delhi Service Threats Autonomous Driving Autonomous Driving Assistance System Connected Cars

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Antolin develops new lighting system to improve driver vision for safer night driving, ET Auto

Antolin: The company is investigating the potential of lighting as a versatile and intelligent system capable of interacting with various functions within the interior. Its latest pioneering development (NightSight Assist) is based on a lighting system that can optimize the driver’s pupil diameter by inhibiting adverse effects caused by low-light conditions and thus improving the user’s vision.
Institute Of Applied Ophthalmology University Of Valladolid Uva Nightsight Assist Applied Ophthalmology Competitividad Empresarial Nightsight Assist

Chinese EV maker Xpeng to hire 4,000, invest in AI, Auto News, ET Auto

Xpeng: The additional employees would represent a 25% expansion of the Volkswagen-backed EV makers workforce from the latest headcount of 15,829 at the end of 2022. The expansion was announced in a letter from Chief Executive He Xiaopeng to employees on Sunday, the first working day after the Lunar New Year holiday.
Chief Executive He Xiaopeng Lunar New Year Tv Maker Chinese Ev Maker Auto Tech Artificial Intelligence

GM looking at the best path to unlock value at Cruise, CEO Barra says, ET Auto

Shares of GM rose about 2%. Cruise is an "incredibly valuable asset", General Motors Chief Executive Mary Barra said at an event hosted by Wolfe Research. The Detroit automaker will focus on relaunching the unit this year, she added while reiterating her support for the unit.
Mary Barra Wolfe Research General Motors Chief Executive Mary Barra Gm Cruise General Motors Autonomous Vehicle

Robots: Robot invasion hit a bump in 2023 as North American economy cooled, ET Auto

Companies bought 31,159 robots in 2023, a decrease of 30% over the year before, the largest drop in percentage terms since 2006 and largest drop ever in net units, according to the group, known as A3. The pullback occurred in automotive-related industries - which made up about half of the market last year - as well as other sectors such as food and metals manufacturing.
United States South Carolina Joe Gemma Kim Povlsen Dave Fox Jeff Burnstein

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