Volkswagen Group

XPENG Reports Fourth Quarter and Fiscal Year 2023 Unaudited Financial Results

Retrieved on: 
Tuesday, March 19, 2024
Research, Master, Volkswagen Group, Platform, Three Months, Growth, XPENG, Partnership, Volkswagen, Software, ADS, G9, G6, Loss, Advertising, Investment, MPV, Marketing, Hand, Engineering, Total, Video game

Gross margin was 6.2% for the fourth quarter of 2023, compared with 8.7% for the same period of 2022 and negative 2.7% for the third quarter of 2023.

Key Points: 
  • Gross margin was 6.2% for the fourth quarter of 2023, compared with 8.7% for the same period of 2022 and negative 2.7% for the third quarter of 2023.
  • Vehicle margin was 4.1% for the fourth quarter of 2023, compared with 5.7% for the same period of 2022 and negative 6.1% for the third quarter of 2023.
  • Basic and diluted net loss per ADS were both RMB1.51 (US$0.21) for the fourth quarter of 2023, compared with RMB2.74 for the fourth quarter of 2022 and RMB4.49 for the third quarter of 2023.
  • Non-GAAP basic and diluted net loss per ADS were both RMB1.98 (US$0.28) for the fourth quarter of 2023, compared with RMB2.57 for the fourth quarter of 2022 and RMB3.23 for the third quarter of 2023.

ESI Group and FAW-Volkswagen TE Forge Strategic Partnership to Advance Automotive Intelligent Simulation Technology

Retrieved on: 
Tuesday, April 2, 2024
Technology, General Automotive, Engineering, Automotive Manufacturing, Manufacturing, Other Transport, Automotive, Trucking, Vehicle Technology, Transport, Software, Electronic Design Automation, Data Management, Consumer Electronics, FAW-Volkswagen, Research, Volkswagen Group, FAW-VW, Partnership, ESI, ESI Group, CAE, Memorandum of understanding, Safety, Automotive industry

ESI Group (Paris:ESI) and FAW-Volkswagen (FAW-VW) TE have commemorated their strategic partnership with the signing of a Memorandum of Understanding (MoU) aimed at advancing intelligent simulation technology within the automotive industry.

Key Points: 
  • ESI Group (Paris:ESI) and FAW-Volkswagen (FAW-VW) TE have commemorated their strategic partnership with the signing of a Memorandum of Understanding (MoU) aimed at advancing intelligent simulation technology within the automotive industry.
  • The collaboration between ESI Group and FAW-VW TE aims to address the challenges posed by China's automotive safety regulations and drive industry innovation.
  • Through this partnership, the two entities will aim to drive innovation and efficiency in intelligent simulation, and work towards establishing a localized automotive industry material database, thereby enhancing cooperation in advancing intelligent simulation technology across the industry.
  • FAW-VW TE awarded ESI Group the prestigious "CAE Trusted Advisor" award, recognizing ESI's outstanding support in advancing virtual simulation technology in the automotive industry.

Holley Performance Brands Appoints Two New Vice Presidents Focused on Accelerating Strategic Growth Across Key Performance Aftermarket Verticals

Retrieved on: 
Tuesday, March 26, 2024
Other Manufacturing, Automotive, General Automotive, Marketing, Automotive Manufacturing, Communications, Manufacturing, Performance & Special Interest, Off-Road Trucks & SUVs, Cloud, Firestone, CRM, Volkswagen Group, Growth, SUV, Safety, Nike, News, Digital, Overalls, Adobe Experience Cloud, Multimedia, Volkswagen Group of America, Risk management

Holley Performance Brands (NYSE: HLLY), a leader in automotive aftermarket performance solutions, today announced the addition of two new senior leaders who will focus on enhancing the customer experience across Holley’s portfolio of iconic brands.

Key Points: 
  • Holley Performance Brands (NYSE: HLLY), a leader in automotive aftermarket performance solutions, today announced the addition of two new senior leaders who will focus on enhancing the customer experience across Holley’s portfolio of iconic brands.
  • “Charlie and Will are dynamic leaders with deep understanding of the automotive aftermarket, and we’re confident that their leadership will help us identify new opportunities for growth.
  • As vice president of digital, data and CRM, he will develop and execute strategies aimed at achieving growth through digital channels.
  • “The Holley name is synonymous with performance and the company is known for putting enthusiasts first,” said Robbins.

Automated driving: Volkswagen Group intensifies collaboration with Mobileye

Retrieved on: 
Wednesday, March 20, 2024
Software, Vehicle Technology, Hardware, Data Management, General Automotive, Aftermarket, Technology, Autonomous Driving, Vehicles, Automotive, Artificial Intelligence, Other Automotive, Other Technology, Development, Volkswagen Group, Partnership, Volkswagen, Level 2, Volkswagen Commercial Vehicles, Transport, Architecture, Research and development, Safety, Multimedia, Level 4, SSP, Industrial design

The Volkswagen Group is welcoming further strategic collaboration and significantly accelerating its development efforts in the field of automated and autonomous driving.

Key Points: 
  • The Volkswagen Group is welcoming further strategic collaboration and significantly accelerating its development efforts in the field of automated and autonomous driving.
  • Mobileye is to provide technologies for partially and highly automated driving based on its Mobileye SuperVision and Mobileye Chauffeur platforms.
  • In the future, Mobileye is set to also provide technologies for driving functions with enhanced Level 2 capabilities ('partially automated driving') within the Volkswagen Group.
  • Volkswagen ADMT, a Volkswagen Group subsidiary, will implement these components in fully electric development platforms based on the Volkswagen ID.

Volkswagen ADMT Announces Agreement With Mobileye for Autonomous Driving

Retrieved on: 
Wednesday, March 20, 2024
Hardware, Autonomous Driving, Vehicles, Automotive, Artificial Intelligence, Technology, Automotive Manufacturing, General Automotive, Manufacturing, Commercial vehicle, Freedom, Mobileye, SDS, Bulli, Volkswagen Group, Volkswagen, Volkswagen Commercial Vehicles, Keirsey Temperament Sorter, Economic development, Transport, Software, Quality of life, Society, Caddy, City, Radar, Mobility, ID, ARG, Multimedia, MOIA, Level 4, SAE, Transporter, Police

Following an extensive pilot phase with road testing in Germany and the USA, Volkswagen ADMT GmbH, part of Volkswagen AG, is announcing a cooperation agreement with the technology company Mobileye Global Inc. Mobileye shall develop and supply software, hardware components and digital maps for the self-driving ID.

Key Points: 
  • Following an extensive pilot phase with road testing in Germany and the USA, Volkswagen ADMT GmbH, part of Volkswagen AG, is announcing a cooperation agreement with the technology company Mobileye Global Inc. Mobileye shall develop and supply software, hardware components and digital maps for the self-driving ID.
  • The aim of Volkswagen ADMT GmbH is to develop the fully electric autonomous ID.
  • Volkswagen ADMT GmbH is working intensively on autonomous freight transport for various industries as a second important pillar alongside autonomous passenger transport.
  • Within the Volkswagen Group, VWCV is also the lead brand for autonomous driving and mobility offerings such as Mobility-as-a-Service and Transport-as-a-Service - areas in which we are shaping the future of mobility.

Applied Intuition and Porsche Announce Joint Developments

Retrieved on: 
Wednesday, March 27, 2024
Development, Volkswagen Group, SIL, Entrepreneurship, HIL, Partnership, Software, AI, Silicon, Intuition

MOUNTAIN VIEW, Calif., March 27, 2024 /PRNewswire/ -- Applied Intuition , a Silicon Valley-based vehicle software supplier, today announced a strategic partnership with the German sports car manufacturer Porsche AG .

Key Points: 
  • MOUNTAIN VIEW, Calif., March 27, 2024 /PRNewswire/ -- Applied Intuition , a Silicon Valley-based vehicle software supplier, today announced a strategic partnership with the German sports car manufacturer Porsche AG .
  • The partnership helps Porsche utilize expertise to develop, deploy, and update vehicle software to provide unique consumer experiences.
  • "Software and AI development is very different from traditional hardware-driven automotive development," said Qasar Younis, Co-Founder and CEO of Applied Intuition.
  • The collaboration with Applied Intuition has enabled Porsche to design the software of its future vehicles with specific customer solutions.

Applied Intuition and Porsche Announce Joint Developments

Retrieved on: 
Wednesday, March 27, 2024
Development, Volkswagen Group, SIL, Entrepreneurship, HIL, Partnership, Software, AI, Silicon, Intuition

MOUNTAIN VIEW, Calif., March 27, 2024 /PRNewswire/ -- Applied Intuition , a Silicon Valley-based vehicle software supplier, today announced a strategic partnership with the German sports car manufacturer Porsche AG .

Key Points: 
  • MOUNTAIN VIEW, Calif., March 27, 2024 /PRNewswire/ -- Applied Intuition , a Silicon Valley-based vehicle software supplier, today announced a strategic partnership with the German sports car manufacturer Porsche AG .
  • The partnership helps Porsche utilize expertise to develop, deploy, and update vehicle software to provide unique consumer experiences.
  • "Software and AI development is very different from traditional hardware-driven automotive development," said Qasar Younis, Co-Founder and CEO of Applied Intuition.
  • The collaboration with Applied Intuition has enabled Porsche to design the software of its future vehicles with specific customer solutions.

Miovision acquires V2X leader TTS

Retrieved on: 
Monday, March 4, 2024
Acquisition, OEM, GTT, Transport, Data collection, TTS, Safety, City, Volkswagen Group, EDC, Interview, Road

TTS has agreements with 180 agencies, providing insights from 80,000 intersections, to power in-vehicle solutions while providing traffic network data insights to traffic agencies.

Key Points: 
  • TTS has agreements with 180 agencies, providing insights from 80,000 intersections, to power in-vehicle solutions while providing traffic network data insights to traffic agencies.
  • “TTS is the pioneer in V2X services, and over the past 10 years, this team has established relationships with public traffic agencies and traffic control companies around the world to make V2X a reality,” said Miovision CFO Joe Custer.
  • With this acquisition, TTS executives and team members will become Miovision employees responsible for continuing to support and develop TTS’s leading V2X solutions.
  • This acquisition expands Miovision’s presence to 80,000 TTS intersections, bringing the total number of intersections with Miovision solutions to over 170,000.

XPENG and the Volkswagen Group Announce Entry into Master Agreement on Strategic Technical Collaboration and Joint Sourcing Program

Retrieved on: 
Thursday, February 29, 2024
Software, Engineering, EV, XPEV, News, B class, Master, HKEX, Volkswagen Group, Smart electric drive, Volkswagen, Platform, XPENG, Partnership, Industrial design

The executed agreements not only accelerate the joint development of the two B-class battery electric vehicles but also pave the way for an extended and deeper strategic collaboration in the future.

Key Points: 
  • The executed agreements not only accelerate the joint development of the two B-class battery electric vehicles but also pave the way for an extended and deeper strategic collaboration in the future.
  • As part of the Master Agreement, both parties have also entered into a Joint Sourcing Program for the common parts of vehicles and platform that used by both parties.
  • “The signing of the Master Agreement represents another significant milestone we achieved together with our partner Volkswagen Group.
  • There is no precedent of the strategic partnership between Volkswagen and XPENG.

2023 in Review: Eclipse Software Defined Vehicle (SDV) Accelerates Automotive Tech Innovation through Open Source Collaboration

Retrieved on: 
Tuesday, February 27, 2024
General Motors, Research, IEC 61508, Growth, Future, HARMAN, Certification, OCX, Software, ISO, Eclipse Foundation, Automotive industry, GM, ISO 26262, Ecosystem, LG Electronics, IEC, Community, Development, Microsoft, Partnership, European Commission, Commercial software, Original equipment manufacturer, DENSO, Civil service commission, Electronics, Innovation, IEC 62304, SDV, G6, Volkswagen Group, Renewable energy

The year marked several noteworthy highlights, showcasing our unwavering commitment to innovation in the automotive tech landscape:

Key Points: 
  • The year marked several noteworthy highlights, showcasing our unwavering commitment to innovation in the automotive tech landscape:
    Inaugural Automotive Open Source Summit Success:
    In early June, Eclipse SDV successfully launched its first-ever Automotive Open Source Summit .
  • Geared towards automotive tech executives, thought leaders and senior managers, the summit showcased speakers from Eclipse automotive initiatives and beyond.
  • Discover opportunities to actively contribute to the global centre of gravity for software defined vehicle innovation and collaboration.
  • Later this year, the Eclipse Foundation will be hosting its inaugural event focused on automotive open source at the Open Code for Automotive conference, co-located with its newest global event for open source software, the Open Code Experience (OCX) , taking place on 22-24, October 2024 in Mainz, Germany.