The Boston-based joint venture between self-driving vehicle company Aptiv and Hyundai Motor Group is ramping up hiring in Boston, saying that the pandemic spurs a renovated interest in autonomous means of transportation.
There are an estimated 1.4 billion cars on the road globally, and about 5.1 million of them are electric vehicles (EV). Even though only one-third of one percent of all consumer vehicles use EV technology, some of the most innovative companies in the global economy are EV manufacturers. Does the future promise fully electric semi-trucks, cars, and motorcycles? The next generation of EVs may revolutionize the world of transportation.
Milwaukee-based motorcycle manufacturer Harley-Davidson recently announced “an overhaul of its global operating model, including a leaner, more nimble organization.” The plan, dubbed The Rewire, will result in the elimination of 700 positions across the company’s global operations. According to a statement from the company, approximately 500 employees are expected to exit the organization by the end of the year.
The automotive power electronics market is projected to grow from $ 3.8 billion in 2020 to $4.7 billion by 2025, at a CAGR of 4.7 per cent as per a report by MarketsandMarkets. The report said that increasing electronics content inside the vehicle for the operation of specific vehicle applications and government mandates related to carbon emissions and vehicle safety are crucial factors that will fuel the market growth. Developments in the power converters of the electric vehicle is also another factor that will drive the automotive power electronics market.
Even as electric vehicle technology transforms the industry, most EV chargers still bear a strange likeness to the traditional internal-combustion world, plugging into a port on the car just like an old-fashioned gas pump nozzle.
ATLANTA, Ga. (AP) — A battery company plans a $940 million expansion of a manufacturing plant in Georgia, Gov. Brian Kemp’s office said Thursday.Kemp’s office says in a news release that the expansion by the company “SK innovation” in Jackson County will create 600 jobs.
Segway, which boldly claimed its two-wheeled personal transporter would revolutionize the way people get around, is ending production of its namesake vehicle.The Segway PT, popular with tourists and police officers but perhaps better known for its high-profile crashes, will be retired on July 15, the company said in a statement.
Lockheed Martin is making significant scheduling changes to hold on to employees while dealing with supplier delays impacting the F-35 program as a result of the COVID-19 pandemic.