Teijin Automotive Technologies Breaks Ground for Huntington, Indiana, Facility Enlargement

AUBURN HILLS, Mich.–(Small business WIRE)–Teijin Automotive Systems broke floor now to develop the capabilities at its Huntington, Indiana, facility, adding a topcoat line and assembly spot. These additions improve the capabilities of the company’s Huntington facility, which at the moment involve compression molding, bonding, water jetting, sanding, and priming.

Especially, Teijin Automotive Technologies obtained 30 acres in the new Riverfork West Industrial Center and will be setting up a 164,400 sq.-foot facility on this web site to property a new paint line and assembly abilities. This facility will be situated across Indiana Highway 9 from the company’s present 350,000 square-foot producing facility. The new facility is anticipated to be complete, together with all tools installation, by December 2023, and will make use of somewhere around 110 persons when operations get started in April 2024, and extra than 200 at whole employment.

“As demand from customers for our impressive, lightweight parts continues to increase, we have the possibility to incorporate capabilities and capability to meet present-day and upcoming customer requirements,” said Steve Rooney, Teijin Automotive Systems CEO, and common supervisor of Teijin’s Composites Small business Unit. “This website in close proximity to to our current Huntington facility designed sense mainly because there was land offered, and we realized we could access a competent workforce. We are grateful for the continued support and collaboration from the economic advancement groups from the Point out of Indiana, Huntington County, and the Huntington community.”

Teijin Automotive Systems and its guardian business Teijin Confined are building an financial commitment of additional than $100 million, which includes the land, making and tools, to aid future growth and manage its competitive gain. The Huntington place was picked for this growth dependent on a quantity of factors, together with the availability of a experienced workforce, proximity to a selection of existing and possible consumer facilities in Indiana and bordering states, and tax credits offered as a result of the Indiana Economic Development Corporation’s EDGE Program (Financial Enhancement for a Expanding Financial system).

About Teijin Automotive Technologies

Teijin Automotive Systems specializes in the advancement and manufacturing of state-of-the-art composite factors – which includes carbon and glass fiber – for the world wide automotive and transportation industries and is an integral aspect of the Teijin Group of companies. The company is a all over the world chief in composite formulations with a concentrate on supplying automakers with light-weight, durable goods that empower structure and packaging versatility. Headquartered in Auburn Hills, Mich., United states of america, Teijin Automotive Systems has 29 operations in 8 countries and employs extra than 5,000 men and women. For a lot more facts go to Teijinautomotive.com.

About the Teijin Group

Teijin (TSE: 3401) is a technological innovation-pushed international team providing state-of-the-art alternatives in the fields of environmental benefit basic safety, stability and catastrophe mitigation and demographic transform and elevated health and fitness consciousness. Initially set up as Japan’s first rayon company in 1918, Teijin has progressed into a unique enterprise encompassing a few main

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Introduction Systems Enters Into Technologies Evaluation Arrangement With Second Massive Global Automotive Manufacturer

BOSTON–(Enterprise WIRE)–Arrival Systems Holdings, Inc. (NASDAQ: ADN) (“Advent“ or the “Company”), an innovation-pushed chief in the gasoline cell and hydrogen technologies place, is delighted to announce the signing of a technological know-how evaluation agreement with a 2nd big global automotive maker.

With a prevalent objective of sustainability and the speedier decarbonization of the U.S. automotive industry, Introduction is supporting efforts to progress ground breaking gasoline cell technological innovation as a sustainable and efficient possibility for achieving carbon neutrality. Additional exclusively, Arrival will present guidance, as a result of:

  • Supplying Membrane Electrode Assemblies (“MEAs”) for testing, evaluation, and optimization below the collaborator’s conditions.
  • Furnishing support on MEA operational parameters while the collaborator supplies feedback to Advent on efficiency and toughness.
  • Sharing specialized know-how for gasoline mobile stacks, proprietary HT-PEM technologies, and leveraging HT PEM for advanced cooling systems.

One particular of the key aims will be to perform a in depth assessment of Advent’s proprietary HT-PEM technologies and newly launched MEAs for thought of foreseeable future chances. Contingent upon the productive execution of the very first stage of the challenge, the firms will operate to build a Joint Development Arrangement governing, amongst other factors, particular product or service needs, goals, milestones, and strategies.

The new Advent MEAs to be examined as component of this project, are at this time becoming formulated in the framework of L’Innovator, Advent’s joint improvement system with the U.S. Department of Energy’s Los Alamos National Laboratory, Brookhaven National Laboratory, and Nationwide Renewable Strength Laboratory. MEAs are the most essential elements of a gasoline cell as they greatly determine the performance, life span, weight, and cost of the finish program. Introduction MEAs function at large-temperature (80oC to 240oC) although the incumbent LT-PEM technologies is limited to below 100oC. Superior-temp procedure is necessary for effective heat removing in major-obligation mobility purposes, producing HT-PEM an perfect know-how for trucks, aviation, and maritime. Also, Advent MEAs can work with impure hydrogen which can be reformed on-board from methanol, natural gasoline, and other renewable fuels, and are resilient to serious temperature, humidity and air high quality disorders.

Dr. Emory De Castro, Advent’s Chief Technology Officer, mentioned, “We are anxious to decarbonize the automotive marketplace using subsequent-era gas mobile technological know-how and welcome this really impactful collaboration. MEA is the heart of the gasoline cell and a vital part employed in fuel cells and other electrochemistry apps these as CO2-totally free hydrogen output, and strength storage. All of us at Arrival technologies search ahead to a lengthy and productive collaboration, which will enable us to share our lengthy-standing know-how and help reshape the automotive marketplace by changing the need for traditional fuels although creating clear electric power.”

About Arrival Technologies Holdings, Inc.

Introduction Technologies Holdings, Inc. is a U.S. corporation that develops, manufactures, and assembles fuel mobile techniques and the critical parts for fuel cells and other innovative electricity programs. Arrival is headquartered in Boston, Massachusetts, with places in California, Denmark, Germany, Greece, and

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Are Today’s Automotive Customers Prepared for Tomorrow’s Technologies?

When approximately fifty percent of all people specific curiosity in electrical autos and autonomous driving engineering, there is also surprisingly high gratification with additional conventional methods.

Client attitudes are shifting, with expanding openness to facts sharing, new mobility ideas, and substitute production marketplaces. These are the findings from world wide consulting company Simon-Kucher & Associates’ Automotive Client Survey 2022, masking virtually 10,000 customers across 14 markets. Having said that, the study also highlighted that a lot of however prioritise standard dealerships and acquiring types when it will come to their automobiles.

Unsurprisingly, a car’s price tag drives the purchasing selections, rating as the single most significant order criterion for respondents globally. Interestingly, this was adopted by more value-based mostly conditions, such as travel technologies, brand, and style and design. When making a order, common dealerships continue to arrive out on top rated. 86% of clients globally still want motor vehicle dealerships, determining the in-human being expertise and exam travel prospect as essential priorities. Above half of respondents (54%) also noted gratification with the present-day profits processes, a surprisingly superior selection given the criticism typically reported in this region.

Individuals cautiously open up to info sharing

When it will come to either information sharing or in-car or truck ads, attitudes are gradually shifting. Roughly 3 quarters of world wide respondents have been open to some sort of info sharing, specially regarding automobile knowledge (e.g. gasoline usage) alternatively than personal info (e.g. vacation spot). A vast majority of all those respondents needed limitations or incentive payments to be eager to share, with an average every month incentive quantity of £119 required.

There was extra hesitancy around in-auto marketing. In excess of 50 percent of all consumers globally (53%) were being open up to the plan in some sort. On the other hand, most requested a low cost or voucher in exchange. Amongst United kingdom people, there was marginally much more positivity than negativity, with more than fifty percent (54%) of customers indicating openness to in-motor vehicle advertising and marketing.

Electric powered autos have absent mainstream

A crucial trend across all nations around the world was the raising acceptance of Electric powered Motor vehicles (EVs), driven by sustainability issues, but also the fear of rising regulatory limits on typical autos. Globally, extra than half of all buyers (53%) would look at an EV as their upcoming auto. Among the this group, there is clear evidence of growing progress and acceptance of Chinese companies, with 65% fascinated in obtaining a Chinese EV.

Where respondents would not consider an EV, selling price, array, and charging infrastructure had been the vital rejection factors offered. On common, respondents globally expect an electric array of 519 kilometres, although in the Uk the bare minimum anticipated selection was just around 500 kilometres.

Autonomous driving know-how gaining traction

Reactions to autonomous driving engineering remain mixed. Just one in two respondents (48%) indicated excitement about the technology. Even so, a person in 4 respondents (25%) admitted anxiety of autonomous technological

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Teijin Automotive Technologies expands composites footprint in China to fulfill developing demand for EVs

Teijin Automotive Technologies’ Changzhou-dependent composites production facility to get started business functions. Photo Credit score: Teijin Automotive Technologies

On Feb. 14 Teijin Automotive Technologies (Tokyo, Japan), the brand name unifying five automotive materials organizations and the core business of Teijin Team’s automotive composites enterprise, introduced that it has started professional operation of a new 39,000-square-meter composites producing facility in the Wujin National Hello-Tech Industrial Zone primarily based in Changzhou, Jiangsu province, China. The business also introduced that it is constructing a third plant in China, based mostly in the Technological Progress Zone of the Tiexi District in Shenyang, Liaoning province, and will start functioning this plant, with 13,000 sq. meters of get the job done floor area, in the summer of 2023.

Teijin Automotive Technologies picked the Changzhou and Shenyang areas for its new vegetation since of their close proximity to the generation services of several main European, U.S. and Chinese automakers. Teijin thinks the two crops will assist meet up with the expanding demand from customers for composites factors, further amplified by way of the growth of the electric powered automobile (EV) market in China. The two plants will drastically increase the company’s ability to supply lightweight, protected, power-productive and durable composite elements, which are noted to be indispensable for environmentally friendly vehicles.

With the second plant’s startup and the third plant’s development, Teijin Automotive Systems is actively strengthening its position as a worldwide chief in automotive composite purposes. Concurrently, the business is establishing applications for superior composite supplies and procedures to assist its automotive customers’ troubles of accomplishing formidable bodyweight and CO2 reduction targets, and reduced EV generation expenses. Teijin is targeting annual product sales of $2. billion for its automotive composite products and solutions business by 2030.

Teijin Automotive Technologies has been production automotive composites and glass fiber sheet molding compounds (GF-SMC) in China due to the fact 2015, primarily for EV battery handles, battery shields, underbody shields, structural interior panels and exterior body panels.

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3 Under-the-Radar Vehicle Technologies Stocks to Enjoy in 2022

With the internal combustion engine no for a longer time the sole selection for energy, the auto is currently being entirely reimagined. Dozens of electric powered car or truck maker start out-ups have appeared to capitalize on this coming sea adjust. But a slew of new vehicle pieces manufacturers and service companies are also showing to assist satisfy the have to have for automotive technology, and quite a few of them could be even more rewarding investments than the automakers them selves.

Two compact car tech companies that buyers should really maintain an eye on are Luminar Technologies (NASDAQ:LAZR) and Ambarella (NASDAQ:AMBA). In addition, tech giant Qualcomm (NASDAQ:QCOM) has been quietly building its presence in the automotive space, and appears to be like like a fantastic buy suitable now.

Impression source: Getty Illustrations or photos.

Luminar Technologies: Crawling towards a viable car or truck autonomy small business

Lidar technological know-how professional Luminar was off to the races subsequent its IPO in late 2020, but the inventory put in much of 2021 in steady drop as investors’ abnormal early optimism little by little wore off. Lidar (which stands for “mild detection and ranging”) uses lasers to support a car “see” what is actually close to it, and could feature prominently in the units that at some point allow for thoroughly self-driving cars. But for now, Luminar is a start out-up which is operating tricky to build its wares and protected specials with automobile suppliers.

The financials convey to the story proper now. In the 3rd quarter of 2021, Luminar’s earnings was a mere $8 million, and it booked an altered internet reduction of $36 million. On its balance sheet, the company had $129 million in funds and yet another $416 million in shorter-expression investments, so it has a couple of years’ well worth of liquidity to protect its losses as it tries to produce into a feasible business. But at this stage, valued at a current market cap of $5.8 billion, Luminar is a large-chance financial investment.  

So why maintain tabs on Luminar? Even though I’m personally not completely ready to invest in the stock however, the organization is creating speedy development as automakers begin to include lidar know-how into their sophisticated driver support programs (ADAS). Income very last quarter was up 89% yr about calendar year. And it was not long ago declared that Nvidia (NASDAQ:NVDA) had chosen Luminar’s lidar sensors to go into the Nvidia Generate Hyperion autonomous car system, an integrated computer and sensor suite that automakers can use to supply their automobiles with self-driving capabilities. Drive Hyperion will go into production for 2024 design yr autos.

Hence, Luminar is on a crystal clear route to turning out to be a viable vehicle provider organization above the upcoming few of decades. Traders will want to physical exercise some tolerance listed here, as a good deal of buzz is still priced into the inventory. Even so, this modest business holds a good deal of assure if it can

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Automotive Technologies Market to Record USD 134.06 Bn | Continental AG, DENSO Corp., and HELLA GmbH and Co. KGaA emerge as dominant players

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According to the recent market study by Technavio, the Automotive Technologies Market Size is expected to increase by USD 134.06 billion from 2020 to 2025. However, the growth momentum in the market is expected to decelerate at a CAGR of 11.04%. The report provides a detailed analysis of drivers & opportunities, top winning strategies, competitive scenario, future market trends, market size & estimations, and major investment pockets.

APAC will register the highest growth rate, occupying 53% of the global market share. China, Japan, and South Korea (Republic of Korea) are the key markets for automotive technologies in APAC. However, the market growth in this region will be faster than the growth of the market in other regions.

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Vendor Insights-

The automotive technologies market is fragmented with the presence of several regional and international players. Major players are increasing their footprint in the market by expanding their operations. This has increased competition in the market, which is driving small vendors in the market to focus on introducing technologically advanced products and forming strategic alliances with other players.

Continental AG: The company offers various sensors like cameras, lidar, radar, and control units that provide the necessary information for highly automated driving.

DENSO Corp.: The company offers various electronic platforms, port terrain systems, and others.

HELLA GmbH and Co. KGaA: The company offers a range of vehicle electronics solutions such as LED headlamps, intelligent battery sensors for efficient energy management, lane change assistant, and others.

Intel Corp.: The company offers various technologies for the automotive industry such as autonomous driving, in-vehicle experience, functional safety and electric motor controls, power conversion, and battery management systems for electric vehicles.

NVIDIA Corp.: The company offers various automotive technologies such as ADAS, automated driving, in-vehicle experience, ADAS, and others.

Find additional highlights on the vendors and their product offerings. Download Free Sample Report

Regional Market Outlook

The automotive technologies market growth in APAC will be significant during the forecast period. The increasing sales of automobiles and the rising demand for electronics-based driving comfort and safety systems will be crucial in driving the growth of the automotive technologies market in APAC. The report also offers detailed insights into the growth of the market across other regions such as Europe, MEA, North America, and South America. Countries such as the US and Germany are identified as prominent markets for automotive technologies.

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