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Hyundai X NTU: Four Pilot Projects Focusing On Mobility Of The Future.

Hyundai x NTU: Four Pilot Projects Focusing On Mobility Of The Future.

Singapore’s Nanyang Technological University (NTU) and South Korean car manufacturer Hyundai Motor Group have inked an agreement to run four research projects focusing on the production of electric vehicles and future mobility technologies. 

By Ashwini Balan, Eastern Trade Media


Specifically, the projects will look at the use of artificial intelligence (AI) and additive manufacturing(AM) technologies. The research initiatives were part of NTU’s vision to develop applications that would be revolutionary, paving the way for next-generation automobile manufacturing. One of the projects, for instance, is to build machine learning algorithms for vehicle image processing, that could be tapped to check the quality of battery electric vehicles. An AI-powered image processing sensor deployed in the manufacturing plant could detect defects and anomalies across the production process, ensuring the safety and reliability of the final product, NTU said. 

Another project would explore the integration of additive manufacturing, or 3D printing, to customise automotive components for electric vehicles and how these parts could be implemented in small factor operation. This could facilitate smart manufacturing sites capable of building car models that are customised.

The partnership between Hyundai and NTU started last October, when NTU was unveiled as Hyundai’s first academic research partner for their innovation centre in Singapore. The project will steadily begin research work this month and is expected to be completed by the end of 2022. The Hyundai research facility focuses on future mobility technologies and together with NTU, Hyundai also planned to run 3D printing competitions in automotive engineering, which they hoped would spur interest in electric vehicle manufacturing and nurture new talent in the sector. NTU students and researchers also would be able to tap Hyundai’s industry experts to exchange ideas. 

There are similar projects that Hyundai has partaken in 2021, in view of their carbon neutrality goals. In June, Hyundai teamed up with mobile app platform Grab to drive the adoption of electric vehicles in Southeast Asia. Both companies would explore pilots to ease the use of such vehicles for Grab drivers and delivery partners, such as offering leasing programmes on a “battery-as-a-service” model. The South Korean carmaker in March also announced a partnership with Singapore telco Singtel to develop a system for Hyundai to monitor electric cars driven on the island. The Internet of Things (IoT) platform would provide Hyundai with telemetry, or “automatic data transmission”, on the status and performance of the batteries powering the electric vehicles used the company’s subscription service.

Indeed, multinational automotive manufacturers are gearing ahead into the all-electric future and it seems that this vision of the future, would soon become the present reality. 

References of the content:
1. Original Article Source: , ZDNet, 2021
2. Image Source: Lorenzo Hamers on Unsplash

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Philippines Automobile Sales Grows 3.5 Percent In 2019

Philippines Automobile Sales Grows 3.5 Percent In 2019

According to a joint report by the Chamber of Automotive Manufacturers of the Philippines, Inc. (Campi) and Truck Manufacturers Association (TMA), Philippines Automobile Sales experienced a 3.5 percent growth in 2019, selling nearly 370,000 units. Campi and TMA member-companies sold 369,941 units in 2019, an increase from 357.410 units in 2018.

The sale of commercial vehicles increased by five percent from 248,390 units in 2018 to 260,744 units in 2019, accounting for 70.5 percent of total sales. While sale of passenger cars grew 0.2 percent from 109,020 units in 2018 to 109,197 units in 2019.

Auto sales in December gave the final push, as data showed that 33,715 units were sold in the last month of 2019, up by 5.5 percent from the 31,945 units sold in the same month in 2018.

The report also showed that Toyota Motor Philippines Corp. (43.79 percent share) remained the market leader last year, followed by Mitsubishi Motors Philippines Corp. (17.32 percent share), and Nissan Philippines Inc. (11.54 percent share).

According to Campi President Rommel Gutierrez, the growth was a “welcome relief” for the industry. “The year 2019 has been challenging for the industry due to various internal and external factors. Thankfully the industry’s collective efforts, supported by sustained economic growth, have paid off,” Gutierrez said.

“We will not rest on our laurels as we aim for further growth in the coming months, and hopefully for the whole of 2020,” he added.

 

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Vietnam To Remove Import Tax For Auto Materials

Vietnam To Remove Import Tax For Auto Materials

Vietnam To Remove Import Tax For Auto Materials Ministry of Finance (MoF) plans to eliminate the import tax for auto parts and accessories, which are not available domestically, to support the development of the local automotive industry. The tax cut was part of the Government’s revised decree on the schedule for preferential import tariffs, flat taxes, compound tariffs, and out-of-quota import tariffs.

Furthermore, MoF will develop preferential import tax policies for raw materials for automotive manufacturing and assembly from 2019 to 2023.

Removal of the import tariff for auto parts could help local companies reduce operation costs and improve competitiveness.

By 2030, Vietnamese automobile market will be fully open to major automobile production centres around the world including Japan, Mexico and the EU.

 

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The Auto Industry: Roadmap To The Future

The Auto Industry: Roadmap To The Future

As the sector transforms itself, will the auto industry keep its soul? Article by Paul Gao, Russell Hensley, and Andreas Zielke, McKinsey & Company.

Over the past 50 years, automobiles have continued to be our “freedom machines”, a means of both transportation and personal expression. Even so, as the industry recognised, the automobile is but one element of a mobility system – an element governed by extensive regulations, constrained by a need for fuel, and dependent on a network of roadways and parking spaces. Automobiles are also a force for change. Over the past half century, their very success has generated pollution and congestion while straining the supply of global resources. The rapid surge of emerging markets has heightened these dynamics.

Even more transformative change is on the way. Global competitive intensity will rise as Chinese players expand from their vast domestic market. Governments are examining the entire automotive value chain and beyond with an eye toward addressing externalities. Technological advances – including interactive safety systems, vehicle connectivity, and, ultimately, self-driving cars – will change the game. The automobile, mechanical to its soul, will need to compete in a digital world, and that will demand new expertise and attract new competitors from outside the industry. As value chains shift and data eclipses horsepower, the industry’s basic business model could be transformed. Indeed, the very concept of cars as autonomous freedom machines may shift markedly over the next 50 years. As mobility systems gain prominence, and vehicles are programmed to drive themselves, can the soul of the car endure? This is just one of the difficult questions that confront the automotive industry as a result of the forces described in this article.

The China Factor

Fifty years of innovations in horsepower, safety, and rider amenities have helped automobile sales grow by an average annual rate of three percent since 1964. This is roughly double the rate of global population growth over the same period and makes for a planet with over one billion vehicles on its roads. For the past 20 years, though, sales in North America, Europe, and Japan have been relatively flat. Growth has come from emerging markets – much of it in China, which over the past decade has seen auto sales almost triple, from slightly less than 8.5 million cars and trucks sold in 2004 to, estimates suggest, about 25 million in 2014. IHS Automotive predicts that more than 30 million vehicles a year will be sold in China by 2020, up from nearly 22 million in 2013.

For decades, Japanese, North American, and European OEMs formed a triad that, at its height, produced an overwhelming majority of the world’s automobiles. The growth of Chinese players is changing the equation – and things are moving fast. Ten years ago, only one Chinese OEM, Shanghai Automotive Industry Corporation, made the Fortune Global 500. The 2014 list has six Chinese automakers. Given surging local demand, the Chinese may just be getting started.

Regulating From ‘Well To Wheels’

Governments have been driving automotive development for decades. Initially, they focused on safety, particularly passive safety. The process started with seat belts and padded dashboards and moved on to airbags, automotive “black boxes,” and rigorous structural standards for crash-worthiness, as well as requirements for emissions and fuel economy.

More recently, the automobile’s success has strained infrastructure and the environment, especially as urbanisation has accelerated. Brown haze, gridlock, and a shortage of parking now affect many urban areas in China, as they do in other cities around the world. Municipalities have begun to push back: Mexico City’s Hoy No Circula (“no-drive days”) programme uses the license-plate numbers of vehicles to ration the number of days when they may be used, and dozens of cities across Europe have already established low-emission zones to restrict vehicles with internal-combustion engines.

China too is acting. Influenced by its dependence on foreign oil and by urban-pollution concerns, the government has indicated that it favours electric vehicles, even though burning domestic coal to power them can leave a larger carbon footprint. In Beijing, a driver wishing to purchase a vehicle with an internal-combustion engine must first enter a lottery and can wait two years before receiving a license plate. Licenses are much easier to get for people who buy state-approved electric vehicles.

Regulation would also create new opportunities beyond traditional industry competencies. For example, some automakers are investigating potential plays across the value chain – such as developing alternative fuels or investing in wind farms to generate power for electric vehicles – to offset the emissions created by the vehicles they sell.

In any event, the automotive industry should expect to remain under regulatory scrutiny, and future emissions standards will probably require OEMs to adopt some form of electrified vehicle. Indeed, we believe that regulatory pressures, technology advances, and the preferences of many consumers make the end of the internal-combustion engine’s dominance more a matter of “when” than of “if”. The interplay of those forces will ultimately determine whether range-extended electric vehicles, battery electric vehicles, or fuel-cell electric vehicles prevail.

Digital Disruption

The car of the future will be connected – able not only to monitor, in real time, its own working parts and the safety of conditions around it but also to communicate with other vehicles and with an increasingly intelligent roadway infrastructure. These features will be must-haves for all cars, which will become less like metal boxes and more like integrators of multiple technologies, productive data centres – and, ultimately, components of a larger mobility network. As every vehicle becomes a source for receiving and transmitting bits of information over millions of iterations, safety and efficiency should improve and automakers should be in a position to capture valuable data. Electronic innovations have accounted for the overwhelming majority of advances in modern vehicles. Today’s average high-end car has roughly seven times more code than a Boeing 787.

Digital technology augurs change for the industry’s economic model. Over the past decades, automakers have poured their cost savings into mechanical, performance-oriented features, such as horsepower and gadgetry, that allow for higher returns. While it’s unlikely that regulatory and competitive pressures will abate, the shift from mechanical to solid-state systems will create new opportunities to improve the automakers’ economics. The ability to analyse real-time road data should improve the efficacy of sales and marketing. Digital design and manufacturing can raise productivity in a dramatic way: big data simulations and virtual modelling can lower development costs and speed up time to market. That should resonate with customers conditioned to the innovation clock speed of consumer electronics, such as smartphones.

Common online platforms can connect supply and demand globally to increase the efficiency of players across the supply chain. Embedded data sensors should enable more precise monitoring of the performance of vehicles and components, suggesting new opportunities for lean-manufacturing techniques to eliminate anything customers don’t value and dovetailing with the digitisation of operations to boost productivity, including the productivity of suppliers, in unexpected ways. As automobiles become more digitally enabled, expect connected services to flourish. When the demands of driving are lifted, even the interiors of vehicles may give automakers opportunities to generate revenue from the occupants’ connectivity and car time.

Autonomous Vehicles And The Soul Of The Car

Currently, human error contributes to about 90 percent of all accidents, but autonomous vehicles programmed not to crash are on the horizon. To be sure, some technological issues remain, emissions issues will linger, and regulators are sure to have a say. Furthermore, combining autonomous and non-autonomous vehicles in a single traffic mix will be a significant challenge. The most difficult time is likely to be the transition period, while both kinds of cars learn to share the road before self-driving ones predominate. The technology, though, is no longer science fiction.

The possible benefits, by contrast, read like fantasy. If we imagine cars programmed to avoid a crash – indeed, programmed never to crash – we envision radical change. Passengers, responsible only for choosing the destination, would have the freedom to do what they please in a vehicle. Disabled, elderly, and visually impaired people would enjoy much greater mobility. Throughput on roads and highways would be continually optimised, easing congestion and shortening commuting times.

Freed from safety considerations such as crumple zones, bumpers, and air bags, OEMs could significantly simplify the production of cars, which would become considerably lighter and therefore less expensive to buy and run. Automobiles could also last longer as collisions stop happening and built-in sensors facilitate the creation of parts on demand.

But what about the soul of the car: its ability to provide autonomy and a sense of self-directed freedom? Google’s prototype autonomous vehicle has no steering wheel, brake pedal, or accelerator. The vision of a connected car, in fact, challenges even the most essential concepts of personal car ownership and control. When a rider need only speak a destination, what becomes of the driving experience—indeed, why even purchase a car at all? Manufacturers may continue to refine the feel of the ride and to enhance cabin infotainment. Still, there’s probably a limit to how “special” a cabin can be or even to how special consumers would want it to be.

 

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Global Metal Stamping Market Forecast

Global Metal Stamping Market Forecast

According to Research And Markets, the global metal stamping market is projected to grow at a CAGR of 3.9 percent from 2018 to reach USD 289.2 billion by 2023. Contributing factors for this growth include rising urbanisation and industrialisation, growth of the automotive industry, increasing demands from the aerospace and aviation industry and a rise in technological advancements. To add to this trend, the increased adoption of sheet metal across manufacturing industries and the blooming of metal stamping facilities has further supported the metal stamping market. However, the emergence of plastics and composite materials have also hindered market growth.

Blanking processes currently hold a huge market share and this can be attributed to the popularity of the technique among the automotive, aerospace and aviation and consumer electronics sector as this is a process that can mass produce precise and superior quality metal work pieces in large volumes at low costs. Similarly, the application of metal stamping in the automotive industry is highly popular, especially in China and India as both countries are experiencing rapid technological advancements and possess a large number of automotive metal stamping companies.

Growth of the market in Asia Pacific is expected to continue as the region held the largest share of the global metal stamping market in 2017, followed by Europe and North America. This can be attributed to factors such as the displacement of manufacturing from the west to the east, rising regional industrialisation,increased investment inflows and industrial growth across numerous sectors.

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Overview Of The Global Sheet Metal Market

Overview Of The Global Sheet Metal Market

Sheet metal is widely used in the metalworking industry. Metal such as brass, aluminium, steel, copper, nickel and tin are processed into flat or thin sheets. These thin sheets of metal can then be cut, bent or moulded into different shape and sizes for use in the automobile, aerospace and steel industries.

The major sheet metal markets are the developing regions in Asia Pacific such as China and India due to the large demand for sheet metal in the automobile industry. According to market research by Technavio, Asia Pacific led the market in 2017 with a market share of nearly 45 percent and is expected to dominate the market through 2022, with an increase in market share by nearly three percent.

Aluminium is also a big driver for the sheet metal industry as it is a major raw material used across industries. “The production process for aluminum releases high quantities of carbon emissions, negatively impacting the environment. This has been overcome by new advances in technology to reduce the carbon dioxideemissions and production-related expenses. For the process, inert anodes are used instead of carbon-rich anodes, leading to the production of oxygen instead of carbon dioxide. Thus, the increasing adoption of such manufacturing processes across the globe will increase the production of aluminum, in turn, driving the production of sheet metals in the future,” said a Senior Analyst for metals and minerals at Technavio.

Key players in the global sheet metals market include Associated Materials, ABC Sheet Metal, A&E Manufacturing Company, ATAS International, BlueScope Steel, Bud Industries, General Sheet Metal Works, NCI Building Systems, Nucor Corporation, United States Steel Corporation, Alcoa, Wise Alloys L, Noble Industries, Prototek, Autoline Industries, Humble Manufacturing, Gupta Metal Sheets, Gajjar Industries, Dhananjay Group, Rajhans Pressings, Nimex International, Kay Jay, Samesor, Fabrimech Engineers, Deepesh pressing, Southwark Metal, PROTO-D ENGINEERING, PEPCO MANUFACTURING COMPANY, Northern Manufacturing, Vinman Engineering Private, Aero Tech Manufacturing, Dulocos Conveyors and Moulds, SSR Metals Private, Fabrinox, and Acosta Sheet Metal Manufacturing.

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Vietnam And South Korea To Increase Bilateral Trade To US$100 Billion By 2020

Vietnam And South Korea To Increase Bilateral Trade To US$100 Billion By 2020

Vietnam’s Minister of Industry and Trade, Tran Tuan Anh, has signed a memorandum of understanding (MoU) with South Korea’s Minister of Trade, Industry and Energy, Sung Yunmo. Under this MoU, both countries will embark on an action plan to increase bilateral trade to US$100 billion by 2020. Additionally, this document will function as an added legal documentation between both leaders with regards to the broad agreements that were discussed at the Asia-Pacific Economic Cooperation (APEC) meetings in Da Nang in November 2017.

Based on the MoU, from now on till 2020, South Korea would support Vietnamese enterprises by enhancing their competitiveness in areas that include accessories and parts, automobile and electronics.

Bilateral trade between Vietnam and South Korea reached US$61.5 billion in 2017 which is an increment of 41.3 percent year-on-year. Within this figure, Vietnam’s exports to South Korea made up US$14.8 billion, which was an increment of 30 percent while the country’s imports to South Korea was worth US$46.7 billion. This was an increment of 45.3 percent year-on-year.

In the January – November period, South Korea remained Vietnam’s second largest import market with turnover of US$43.5 billion. This was an increment of 1.7 percent year-on-year and South Korea was only behind China by US$ 59.7 billion.

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Vietnam To Welcome More South Korean Investments

Vietnam To Welcome More South Korean Investments

South Korea has emerged as the top investor in Vietnam with US$60 billion worth of investments in the country as of 2018. This can be attributed to investments from mega companies such as Samsung, LG, Hyundai Motor, SK, Lotte, POSCO, CJ, Hanwha, LH Corp, Shinhan, Kumho, and Hyosung. To top this off, South Korean firms are continually seeking to expand investments in Vietnam due to the improvement in business conditions and implementation of effective policies over the past years.
In fact, during a meeting between South Korea officials and executives and the Vietnamese Deputy Prime Minister Trinh Dinh Dung, it has been elaborated that conducive business policies, have translated into better macroeconomic indicators which in turn allow for other sectors and FDI to grow. Kim Tae Soo, Head of the Economic Development Cooperation Fund (EDCF) has also added that, South Korean investors are interested in the infrastructure, logistics, manufacturing, automobile, agriculture, and food processing sectors within Vietnam. And the EDCF will work to speed up the disbursement of soft loans to help Vietnamese firms conduct projects under a public-private partnership (PPP).
To add to this, the South Korean government also considers Vietnam as the key pillar in its “Look South” policy and South Korea’s linkage to Southeast Asia, Europe, and the Americas.

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