Market News
Recent Developments
New product launches
- On December 15, 2023, Stellantis N.V. is a multinational automotive corporation formed from the merger of Fiat Chrysler Automobiles (FCA) and the French PSA Group and Valeo is a global automotive supplier known for its innovative technologies and solutions across various automotive systems mark their collaboration and dedication to the circular economy approach by introducing the inaugural remanufactured windshield-mounted automotive video camera, produced at Valeo's circular electronics lab in Nevers.
- In November 2022, Continental focuses on innovations in mobility, including advancements in autonomous driving, electrification, connectivity, and intelligent transportation systems Unveils cutting-edge campus for its Bengaluru technical center, India.
- In April 2021, DENSO Corporation revealed the development of components tailored for 'Advanced Drive,' a sophisticated driver assistance system showcased in the latest Lexus LS model.
Acquisition and partnerships
- In January 2023, Continental is a multinational automotive supplier known for its expertise in manufacturing automotive components, systems, and technologies and Ambarella is a semiconductor and software design company specializing in high-definition video compression, image processing, and computer vision technologies dollaborate to develop assisted and automated driving solutions featuring a comprehensive software suite.
- In February 2023, BMW is a renowned German multinational corporation primarily known for its luxury vehicles, motorcycles, and engines partners with Valeo is a global automotive supplier and technology company that specializes in the design and production of automotive components and systems to create a cutting-edge parking solution for future vehicles.
- In May 2021, Magna is a leading global automotive supplier that designs, develops, and manufactures automotive systems, modules, and components acquired Veoneer's is an automotive technology company specializing in developing advanced driver assistance systems (ADAS), automated driving technologies, and safety solutions for vehicles active safety business for US$31 million to strengthen ADAS capabilities including next-gen park assist technologies.
- In May 2023, Gentex Corporation, a top provider of technologies for digital vision, connected vehicles, dimmable glass, and fire protection, reported the completion of a series B funding agreement as the main investor in ADASKY, alongside a deal to collaborate on commercial, engineering, and production efforts that is aimed at market deployment of ADASKY's exclusive technology.
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