Automotive

Stellantis and Foxconn partnering on automotive semiconductor business

By Michael J. Moody 1 day ago

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Stellantis and Foxconn will co-develop a new line of automotive semiconductor chips partly aimed at improving future supplies of the critical component, the companies announced Tuesday.

Stellantis is teaming up with Foxconn on new semiconductor chips. (REUTERS/Pascal Rossignol)

“With Foxconn, we aim to create four new families of chips that will cover over 80% of our semiconductor needs, helping to significantly modernize our components, reduce complexity, and simplify the supply chain. This will also boost our ability to innovate faster and build products and services at a rapid pace,” Stellantis CEO Carlos Tavares said.

The chips will be made available to third-party customers and will enter production by 2024. Details on planned investments and manufacturing locations were not immediately released.

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Stellantis is developing the chips to help it integrate new software platforms for its

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(MULN) – Mullen Automotive Begins Validation Process for Class 2 EV Cargo Vans

By Michael J. Moody 2 days ago

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, has started the initial validation testing of its exclusive Class 2 EV cargo van. The testing is taking place at Mullen’s Advanced Manufacturing and Engineering Center (“AMEC”), which is located in Tunica, Mississippi. Based on a 144-inch wheelbase, Mullen’s Class 2 EV cargo van features a 78.8-kWh battery pack as well as rear-wheel drive and a modular 460-cubic-foot cargo area. In addition, the vehicle offers a range of more than 200 miles and a maximum payload of 3,296 pounds.

The innovative cargo van will be exhibited at the January Consumer Electronics Show in Las Vegas. “Our Class 2 EV cargo van initial validation testing has begun at our AMEC facility in Tunica,” said Mullen Automotive CEO and chair David Michery in the press release. “The Mullen One is our first major manufacturing program out of our Tunica facility, and

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United Kingdom Automotive Market 2021 to 2028: Outlook for Passenger Cars, Commerical Vehicles and EVs

By Michael J. Moody 5 days ago

DUBLIN–(BUSINESS WIRE)–The “United Kingdom Automotive Market Outlook, 2021 – Passenger Cars, Commercial Vehicles, Ev Market Size, Share, Companies and Developments” report has been added to ResearchAndMarkets.com’s offering.

The United Kingdom Automotive Market Outlook report presents forecasts of different vehicles including Passenger Cars, Commercial Vehicles, EV along with market Size, Share, Companies and Developments.

The global automotive industry is showing signs of recovery in H1-2021, after a weak backdrop during the last year. Continued momentum for electric vehicles is observed during the year and is likely to continue through 2022.

Strong consumer demand coupled with purchasing power parity is encouraging the underlying demand trends for vehicles in the United Kingdom, with the market recovery to pre-pandemic levels. On the other hand, challenges related to supply chain disruptions, shortage of materials, in particular, semiconductor shortages, consumer demand fluctuation in major segments and others pose risks.

Leading industry trends including rapidly

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Automotive Aftermarket Market to grow by USD 211.53 billion | Rising Number of Automotive Consumers to Boost Growth | 17000+ Technavio Reports | State

By Michael J. Moody 1 week ago

NEW YORK, Nov. 29, 2021 /PRNewswire/ — The automotive aftermarket market is set to grow by USD 211.53 billion from 2021 to 2026. However, the growth momentum is likely to decelerate at a CAGR of 4.39% according to the latest report by Technavio.

To know the exact growth variance and the Y-O-Y growth rate- Request a free sample report.

Automotive Aftermarket Market 2022-2026: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our automotive aftermarket market report covers the following areas:

Automotive Aftermarket Market 2022-2026: Vendor Analysis

The market is fragmented, and the degree of fragmentation will decelerate during the forecast period. 3M Co., Aptiv Plc, Continental AG, Cooper Tire and Rubber Co., DENSO Corp., HELLA GmbH and Co. KGaA, Robert Bosch GmbH, Tenneco Inc., Valeo SA, and ZF Friedrichshafen AG are some of the

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