10 August 2023
10 August 2023
Factory next to a car assembly plant coming
Luke Martin August 09 2023
Volkswagen has ordered battery system assemblies (BSAs) from Hyundai Mobis.
Mobis said the BSA “combines a battery pack with the battery management system (BMS) and other components” and would be used in a future EV platform.
The company planned to build a new factory next to a car assembly plant in Spain to supply the BSAs.
It has production lines in Korea and the Czech Republic and plans new plants in the US and Indonesia.
It was "expecting additional orders for electric vehicle components”.
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GlobalData estimates the total AI market will be worth $909 billion in 2030, having grown at a CAGR of 35% between 2022 and 2030. The automotive sector is undergoing a digital transformation fuelled by changing global supply-chain dynamics, tighter market competition, and rising inflation. AI is a key part of this digital revolution. Focus is directed toward driver assistance features for safety and hazard detection and greater automation of many vehicle processes and functions. Simultaneous localization and mapping (SLAM), facial recognition, and motion tracking will be vital for developing incockpit safety features such as early driver fatigue detection. For the most part, the automotive sector will not play a significant role in creating and developing generative AI hardware or platforms. Instead, it will be a key driver for innovations in machine learning platforms and associated IoT hardware for autonomous driving and ADAS. This will also help to drive advances and greater scale-up of adoption of these AI technologies in adjacent sectors such as travel and tourism and construction.
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