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Market for logistics robots predicted to exceed $75 billion in 10 years

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Mobile robotics in material handling and logistics will become a $75 billion market by 2027, according to a new report, which adds that it will be more than double by 2038. 

These staggering headline figures mask turbulent transformative change underneath: some technologies will rise and transform the fortunes of industries, fuelling growth rates far outpacing recent trends, whilst others will face with decay and obsolescence.

“We are at the beginning of the beginning of a transformative change, and the time to plan is now,” says the report by IDTechEx Research.  [Read more…] about Market for logistics robots predicted to exceed $75 billion in 10 years

Opec and big oil eyeing electric cars with trepidation, says Bloomberg

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The Organization of the Petroleum Exporting Countries, Opec, and big oil companies around the world are looking at the growing popularity of electric cars anew, and revising their forecasts, according to a new report by Bloomberg New Energy Finance. 

The prospect of a massive trend that shows consumers turning away from petrol-driven vehicles would have huge implications for the oil industry.

Petrol-driven vehicles account for almost half of oil production demand, according to the US Department of Energy, while other sources say it’s more than 50 per cent.  [Read more…] about Opec and big oil eyeing electric cars with trepidation, says Bloomberg

Autonomous vehicle tech developer Nauto raises $159 million in funding

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nauto self-driving system

Autonomous vehicle technology company Nauto, which is developing an artificial intelligence and data platform for self-driving technology, has closed a $159 million Series B financing round, led by a SoftBank subsidiary, and Greylock Partners.

Other participants include previous strategic investors BMW iVentures, General Motors Ventures, Toyota AI Ventures and the venture unit of global financial services and insurance provider Allianz Group, and Series A investors Playground Global and Draper Nexus.

The funds will fuel Nauto’s growth and the deployment of its retrofit safety and networking system into more vehicles around the globe, as well as support the expansion of the Nauto data platform in autonomous vehicle research and development across multiple automakers.  [Read more…] about Autonomous vehicle tech developer Nauto raises $159 million in funding

China’s electric car market given a jump-start by government and looks set to boost lithium industry

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The market for electric cars in China is huge already and it’s growing at almost an exponential rate annually. 

Commentators in the country include electric cars in the category called “new energy vehicles”, which also refers to hybrid energy vehicles, and are saying the market will be further accelerated as a result of government backing.

Edward Tse, CEO of Gao Feng management consultancy, says: “With the issuance in April 2017 of the Automotive Industry Mid to Long Term Development Plan, the Ministry for Industry and Information Technology provides guiding principles for the development of China’s auto industry for the next decade.  [Read more…] about China’s electric car market given a jump-start by government and looks set to boost lithium industry

Roborace shows off its driverless electric racing car in the US

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Roborace has been showing off its driverless electric racing car in New York, in the US, after organising similar exhibitions in other countries. 

Roborace organises what is believed to be the world’s first driverless electric car racing series, using vehicles based on Nvidia’s Drive PX2 artificial intelligence platform.

The car incorporates technologies such as lidar, radar, cameras, ultrasonic sensors, optical speed sensors, GNSS positioning, and others, according to Engineering.com.  [Read more…] about Roborace shows off its driverless electric racing car in the US

Continental demonstrates ‘Cruising Chauffeur’, its vision of autonomous driving

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Continental’s Cruising Chauffeur autonomous vehicle

Continental has showcased its “Cruising Chauffeur”, an self-driving car platform which provides an insight into the company’s vision of the future of what it calls “highly automated driving” on highways.

Highly automated driving on highways is no longer just a dream, says the company, but now a reality.

Continental started testing systems for automated driving on public roads back in 2012 in Nevada, and was the first automotive supplier to receive the state’s license to test automated vehicles.  [Read more…] about Continental demonstrates ‘Cruising Chauffeur’, its vision of autonomous driving

Cheap batteries will accelerate sales of electric cars worldwide, says report

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electric car illustration
Picture courtesy of Alternative Energy News

The growth in popularity of electric vehicles in China alone, even if it’s a trend not followed anywhere else in the world, is enough to drive the automotive market to make fundamental changes to the way it manufactures cars as well as the raw materials and fuels it uses. 

The China Association of Automobile Manufacturers says sales of new energy vehicles – which includes hydrogen – reached 507,000 units in 2016, representing an increase of 53 per cent compared with 2015.

In the previous year, the increase was similar. The steep upward trend seems to have taken off in 2014, according to analysis by Bloomberg.  [Read more…] about Cheap batteries will accelerate sales of electric cars worldwide, says report

Nvidia partners with Hella and ZF to improve safety of self-driving vehicles

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nvidia hella zf self-driving truck

Nvidia has formed a strategic partnership with ZF and Hella to deliver AI technology with the New Car Assessment Program safety certification for the mass deployment of self-driving vehicles. 

ZF, one of the industry’s largest automotive suppliers, and Hella, a leading tier 1 supplier of camera perception software and sensor technologies, will provide customers with a complete self-driving system that integrates front camera units, as well as supporting software functions and radar systems.

Using the Nvidia Drive PX AI platform, the partnership aims to produce the highest NCAP safety ratings for passenger cars, while also addressing commercial vehicle and off-highway applications.  [Read more…] about Nvidia partners with Hella and ZF to improve safety of self-driving vehicles

World’s largest automotive companies and an intro to their autonomous and electric vehicle tech moves

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A picture of a car production line, this one in an Audi factory

In the first of a series of articles about large industrial companies, we list 20 of the leading automakers in the world in order of their last reported annual revenue amount, and highlight some of their more interesting developments in autonomous technologies. 

Automakers are have long been the largest market for industrial robotics and automation systems, but also, more recently, the vehicles they produce have become more robotic.

The design and development of road vehicles are becoming increasingly an exercise in developing computing technology – both hardware and software. Add to that the growing importance of artificial intelligence to run the advanced driver assistance systems that many new cars already have. [Read more…] about World’s largest automotive companies and an intro to their autonomous and electric vehicle tech moves

Teamsters union tackles self-driving trucks issue, calls for comprehensive federal rules on autonomous vehicles

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The Teamsters Union is calling for any federal legislation regarding self-driving technology to take into account public safety and the millions of working Americans employed in transportation and related industries.

At a public hearing on Capitol Hill this week, House lawmakers discussed 14 pieces of draft legislation on self-driving vehicles. The bills could be combined into a final package for introduction in the 115th Congress.

The Teamsters Union has been closely monitoring all aspects of the technology, urging lawmakers to prioritize safety and transparency in rules concerning the testing phase of self-driving vehicles.  [Read more…] about Teamsters union tackles self-driving trucks issue, calls for comprehensive federal rules on autonomous vehicles