Technology

Vitesco Technologies, powertrain business of Continental, has signed a joint venture partnership with Padmini VNA Mechatronics PVT, to develop powertrain solutions for clean mobility. The new company 'PV Clean Mobility Technologies' will offer selected powertrain technologies for the Indian market that meet the new emission standard Bharat Stage VI, Vitesco Technologies said in a release. "This not only opens up major growth opportunities for both companies. They are also working hand in hand with their local customers to increase vehicle efficiency and reduce emissions," the automotive supplier said. As per the company the aim is to create an outstanding local supplier for the Indian automotive market by combining strengths and expertise in joint solutions for clean drive systems.Both partners have a 50 percent share in the joint venture, which will be based in Gurugram, India. … [Read more...] about Vitesco Technologies forms JV with Padmini VNA for clean mobility powertrain solutions

LiDAR solutions, SiLC Technologies recently said that it has closed $12 million in seed funding led by Dell Technologies Capital. Decent Capital, ITIC Ventures, and several prominent angel investors also participated in the funding round, the company said in a release. SiLC will use the funding to scale its R&D and operations to develop its frequency modulated continuous wave (FMCW) silicon photonic 4D+ Vision Chip platform, the statement added. "Integrating all essential functions necessary to build an FMCW chip on a cost-effective silicon platform represents the holy grail of LiDAR," said Daniel Docter, Managing Director, Dell Technologies Capital. "SiLC's team has over twenty years of experience and a proven track record commercializing silicon photonics solutions. After looking at more than 30 different LiDAR companies, we found SiLC to be the only company that has a viable approach for large-scale adoption of LiDAR in automotive and industrial robotics."SiLC was founded in … [Read more...] about SiLC Technologies raises $12 million to deliver LiDAR solution for autonomous vehicles, AR

The transmission speed sensors provide a highly accurate speed signal of gear in the transmission box. The sensor signals are used by the Transmission Control Unit (TCU) to control the transmission box.“Apart from the manufacturing capabilities, Continental has also invested in R&D development, with teams located in Manesar and Bangalore. For the speed sensors, the team in Manesar does the complete design, prototyping and validation. Our R&D team works closely with our customers to design and develop products relevant to the market.”, added Sandhu.At the Manesar plant, the company has reached a milestone of producing one million speed sensor units a month. The speed sensor product portfolio of Continental includes wheel, engine and transmission speed sensors for passenger vehicles, while for 2-Wheelers it is wheel and engine speed sensors. … [Read more...] about Continental plans expansion of Manesar plant to meet safety technology requirements

Toyota is one of the global auto manufacturers that has taken a front-row seat when it comes to making greener powertrain technology. The Japanese automaker has now adopted Environmental Challenge 2050 that comes with a comprehensive roadmap to achieve carbon neutrality, claims the company in a media release.The Toyota Environmental Challenge 2050 focuses on eliminating CO2 emissions from its vehicles by over 90% from the 2010 levels, going beyond tailpipe emissions to eliminate CO2 in the entire life cycle of the vehicle, said the company in the release.Toyota also says it aims to eliminate CO2 emissions from its operations besides minimizing water and energy usage consumption the Environmental Challenge 2050. Kevin Butt, Toyota’s general manager of environmental sustainability, said, “We have an obligation to reduce our carbon footprint, but also to do what’s right for the community around us.”Read also … [Read more...] about Toyota adopts Environmental Challenge 2050 to reach carbon neutrality

FRANKFURT: Continental AG will push back the spin-off of its powertrain division until next year, the company said on Friday, when it reported a 17 percent drop in first-quarter operating profit, hit by a downturn in car demand and higher investments.The Hanover-based automotive supplier said it would update capital markets towards the end of this year about the partial float of the recently formed division, which it has named Vitesco Technologies."Depending on market conditions, this can be expected from 2020," the company said.The delay marks the second time a high-profile listing has been delayed in Germany this year, after Volkswagen in March postponed listing its truck division until market conditions improve.Steel maker Thyssenkrupp is also reviewing plans to split its business in two as market conditions deteriorate.Continental's earnings before interest and taxes (EBIT) fell to 884 million euros ($984 million) in the first quarter, compared with 1.066 billion euros a year … [Read more...] about Continental delays powertrain IPO to 2020 as profits drop 17 pct