Robotics & Automation News

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South Korea looks to strengthen position in global autonomous vehicles market with billion-dollar investment

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South Korea is looking to strengthen its position in the global autonomous vehicles market with an investment of 1.1 trillion South Korean won, which equates to about $1 billion.

The investment calls for the development of “level 4” autonomous cars, according to the Ministry of Science and ICT, according to a report on the Korean Times website.

Level 4 autonomy – as defined by the SAE – means that a car is capable of driving itself but is designed to be ultimately controlled by a human driver. [Read more…] about South Korea looks to strengthen position in global autonomous vehicles market with billion-dollar investment

What Barriers Still Impede Electric Vehicles?

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Electric vehicles have been with us for a long time.

It’s only recently that they’re being touted as a serious replacement for the internal combustion engine and a (partial) answer to our climate crisis.

The UK government says that it’ll ban the sale of petrol and diesel vehicles by 2030 – and you can reasonably expect any Labour government to be at least as ambitious, given their slightly greener voter-base.

By then, electric cars will need to be fairly ubiquitous. So what’s stopping this from happening right now? [Read more…] about What Barriers Still Impede Electric Vehicles?

Do You Have an Idea for a Great New Invention? Get Assistance from InventHelp Experts

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There are many wonderful inventions that we have come to rely on over the years and decades.

Of course, these inventions were once nothing more than ideas in the heads of geniuses who then worked tirelessly to make them into a reality.

Even today, there are lots of people who come up with great ideas for inventions, and with the world of technology evolving at an impressive rate, the possibilities have become seemingly endless. [Read more…] about Do You Have an Idea for a Great New Invention? Get Assistance from InventHelp Experts

Service robotics market grows by 33 percent in China

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China’s robotics industry outlook remains positive post-Covid-19 outbreak, especially across manufacturing, hospitality, and healthcare sectors.

This is according to a new report, How is Covid-19 Shaping China’s Robotics Industry?, by YCP Solidiance, which highlights that the $8 billion robotics industry projects a positive long-term growth forecast highlighting robotic automation and its useful applications across different industries.

Investment Contraction in China Following Covid-19: The Covid-19 outbreak has caused investment contraction in Q1 2020 – between 50 percent to 57 percent year-on-year, setting off a difficult funding situation across China and globally. [Read more…] about Service robotics market grows by 33 percent in China

Tips on How to Choose Which Cryptocurrency to Trade

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The cryptocurrency market was born in 2009 after the launch of a project called Bitcoin (BTC).

A cryptocurrency is an encrypted decentralized digital currency that can be transferred from one individual to another.

Since the launch of Bitcoin, many players have joined the market. Aside from Bitcoin, the other top players are Ethereum(ETH), Litecoin (LTC) and Ripple (XRP). [Read more…] about Tips on How to Choose Which Cryptocurrency to Trade

Investment in agricultural automation increases as farmers look to offset labor shortages

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Total investment in agricultural robot startups has increased significantly as farmers look to offset labor shortages partly caused by the coronavirus pandemic, according to a report on the Financial Times website.

Citing data collated by DealRoom.co, the news website says investment in vertical and indoor farming startups has grown by more than 40 percent this year compared with last year.

Indoor farming is basically the process of growing inside large buildings, some of which are like greenhouses and use natural light coming through transparent roofs, while others use artificial lights if their roofs are opaque. [Read more…] about Investment in agricultural automation increases as farmers look to offset labor shortages

Mitsubishi Motors considering building first factory in Myanmar

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Mitsubishi Motors is considering building its first factory in the formerly communist and closed state of Myanmar, according to a report on the Nikkei Asian Review website.

Mitsubishi, one of Japan’s top 10 automotive companies, builds more than a million cars a year at more than a dozen plants and supply centres, and also has five research and development facilities.

The Asian countries in which Mitsubishi currently has manufacturing facilities include the Philippines, Thailand, Indonesia and China. [Read more…] about Mitsubishi Motors considering building first factory in Myanmar

More than half of US companies are ‘planning to increase automation investments due to Covid-19’

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More than half of US companies are increasingly open to invest in automation to survive changing market conditions brought about by the Covid-19 pandemic, according to a recent study by Honeywell Intelligrated.

The 2020 Honeywell Intelligrated Automation Investment Study reveals that the e-commerce (66 percent); grocery, food and beverage (59 percent); and logistics (55 percent) industries are most willing to invest more in automation.

Chris Feuell, chief marketing officer at Honeywell Intelligrated, says: “The global pandemic caused a sudden and seismic shift in the global supply chain driving distribution centers to embrace remote operations and social distancing work processes. [Read more…] about More than half of US companies are ‘planning to increase automation investments due to Covid-19’

HRG Robotics holds its first startup competition

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HRG Robotics has held its first startup competition, attracting more than 50 investment and technology companies and organisations.

The company says it wants to provide a platform to support innovation and startups.

HRG says startup competitions help connect companies of “great potential” within HRG system with top venture capitalists. [Read more…] about HRG Robotics holds its first startup competition

ForwardX Robotics launches robots-as-a-service for its warehouse automation solutions

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ForwardX Robotics, a provider of artificial intelligence and robotics solutions, says it will now offer Robots-as-a-Service (RaaS) options for its collaborative mobile robots.

Whilst also offering outright sale and renting options, the RaaS subscription-based model aims to encourage supply chain operations to invest in innovation by allowing them to upgrade their facilities without the large upfront investment usually associated with automation projects.

Paul Qian, VP of sales at ForwardX Robotics, says: “The pressure on supply chains to deliver is growing with every day that passes and we know how much of an impact our solutions can have on facilities and their processes. [Read more…] about ForwardX Robotics launches robots-as-a-service for its warehouse automation solutions

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