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InoBat Auto secures funding from Slovakian government to build €1 billion ‘Gigafactory’

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InoBat Auto, a battery production company providing new energy solutions for electric vehicles, has secured funding to build a research and development centre to support the construction of a 10 GWh Gigafactory in Slovakia – the world’s biggest car producer per capita.

The investment from the Slovakian Government has contributed to the €100 million first-phase fund raising to deliver the Gigafactory, which will deploy state-of-the-art battery technology with the potential to provide an estimated 240,000 electric vehicles with cutting edge batteries by 2024.

InoBat Auto says its planned Gigafactory will catapult Europe to become a leading global force in the electric vehicle battery industry. [Read more…] about InoBat Auto secures funding from Slovakian government to build €1 billion ‘Gigafactory’

Lyro Robotics secures seed funding to build pick-and-pack robots

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Lyro Robotics has secured seed funding to build artificial intelligence-powered pick-and-pack robots.

The Australian company says its software will enable robots to work alongside humans, and enable them to “see and understand the job at hand”.

The company’s plan is to install Lyro’s solutions into the robots which can then be used in call-out duties in time-critical industries. [Read more…] about Lyro Robotics secures seed funding to build pick-and-pack robots

Fabric raises $110 million in new investment round backed by Kraft Heinz

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On-demand fulfillment services startup Fabric has raised an additional investment to its Series B round from Evolv Ventures, the investment arm of Kraft Heinz, one of the largest global food and beverage companies in the world.

Led by a team of food, startup, and venture capital veterans, Evolv Ventures is focused on strategic investments in emerging technologies across the food value chain.

Their undisclosed additional investment to the $110 million-dollar round is a resounding vote of confidence from a leading food tech investor and the iconic food company. [Read more…] about Fabric raises $110 million in new investment round backed by Kraft Heinz

Global robotics market predicted to triple to $275 billion by 2025

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The global robotics market is predicted to triple to $275 billion by 2025, according to analysis of International Federation of Robotics data by DC Advisory.

The investment bank calculates that the market was worth approximately $98 billion in 2018.

DC Advisory says changing consumer market has driven manufacturers and logistics companies to adopt new methods of production and distribution – chiefly the new generations of robotics and automation technology. [Read more…] about Global robotics market predicted to triple to $275 billion by 2025

GM investing $40 million in Spring Hill plant

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General Motors is to invest $40 million in its Spring Hill Global Propulsion Systems plant to increase capacity of the 5.3L V8 engines for GM’s full-size truck and SUV programs.

The 5.3 V8 engine with Dynamic Fuel Management is paired with a 10-speed automatic transmission.

This engine variant is available for select full-size trucks and SUVs, including Chevrolet’s Silverado, Tahoe and Suburban as well as the GMC Sierra. [Read more…] about GM investing $40 million in Spring Hill plant

General Motors to invest $2.2 billion in Detroit-Hamtramck plant to make it ‘100 percent devoted to electric vehicles’

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General Motors is making a $2.2 billion investment into its Detroit-Hamtramck assembly plant to produce a variety of all-electric trucks and SUVs.

The company says the plant will be “100 percent devoted to electric vehicles”.

GM’s first all-electric truck will be a pickup with production scheduled to begin in late 2021. This will be followed soon after by the Cruise Origin, a shared, electric, self-driving vehicle unveiled by Cruise in San Francisco last week. [Read more…] about General Motors to invest $2.2 billion in Detroit-Hamtramck plant to make it ‘100 percent devoted to electric vehicles’

ForwardX Aiming to Deliver ‘Best-in-Class’ Autonomous Mobile Robots

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By Nic Temple, Vice President of Sales for the Americas at ForwardX Robotics

Given the proliferation of warehouses, distribution centers, direct to consumer (D2C) business models, fleets of AMRs (Autonomous Mobile Robots), questioning the validity of innovation is worthy of examination.

Unlike in prior years when attendees would walk the show floor for days, many are using the MHI MODEX app and visiting for just a single day.

For that reason, a compelling innovation from ForwardX (Booth 1207) should be the first stop for serious AMR decision-makers. [Read more…] about ForwardX Aiming to Deliver ‘Best-in-Class’ Autonomous Mobile Robots

Nvidia launches new SoC and software-defined platform for autonomous cars and robots

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Nvidia has introduced a new, “highly advanced” software-defined platform for autonomous vehicles and robots.

The Nvidia Drive AGX Orin platform is powered by a new system-on-a-chip (SoC) called Orin, which consists of 17 billion transistors and is the result of four years of research and development investment.

The Orin SoC integrates Nvidia’s next-generation GPU architecture and Arm Hercules CPU cores, as well as new deep learning and computer vision accelerators that, in aggregate, deliver 200 trillion operations per second – nearly seven times the performance of Nvidia’s previous generation Xavier SoC. [Read more…] about Nvidia launches new SoC and software-defined platform for autonomous cars and robots

AGCO to expand manufacturing facility in France with €40 million investment

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AGCO, an agricultural machinery giant, is to further expand its manufacturing site in Beauvais, France.

Martin Richenhagen, CEO of AGCO, made the announcement at the Choose France summit, led by French President Emmanuel Macron.

Richenhagen said: “We are delighted to keep our promise, made exactly one year ago at the Beauvais 3 Logistic Centre opening event, to announce the acquisition of the 15.7 hectares of the next door ex-Froneri Site, effective from 19th September 2019 to consolidate our presence in Beauvais. [Read more…] about AGCO to expand manufacturing facility in France with €40 million investment

Opinion: Radical rethink of automotive R&D investment required in 2020

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Continued disruption, restructuring and re-shaping of the automotive industry will be required to make increasing levels of R&D affordable whilst simultaneously representing a major growth opportunity in the year ahead, according to engineering consultancy Horiba Mira.

The proliferation of electrification and connected and autonomous vehicle (CAV) technologies will continue to be amongst the top automotive trends in 2020 which will continue to push up the already soaring costs of research and development.

Indeed, latest figures show European auto manufacturers spent a record £33.3 billion on R&D – 35 per cent more than the £24.6 billion spent in 2014/15. [Read more…] about Opinion: Radical rethink of automotive R&D investment required in 2020

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