Beyond car manufacturing – new journeys for car companies
Automotive brands are no longer simply car manufacturers. We are now seeing automotive breaking into the energy and connectivity/data spaces.
24 October 2023
24 October 2023
Automotive brands are no longer simply car manufacturers. We are now seeing automotive breaking into the energy and connectivity/data spaces.
£250m spend part of planned £15bn electrification investment.
To supply prismatic batteries for vehicles produced in Europe.
Established supplier after a 10 year association.
Investment of $500m expected with PIF taking a 70% stake and Hyundai 30%.
The role of robotics is less sure-footed in the foodservice sector. Automating kitchens and meal service is less easily done with robots than automating warehouses and production lines, although this hasn’t deterred start-ups’ efforts to automate burger flipping and meal delivery with robots and drones. Robots improve profitability in the long term but have high up-front costs, so investing in robotics is not without risks.
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