Honda Pledges Support for Turkey-Syria Earthquake Relief JCN Newswire

Honda Pledges Support for Turkey-Syria Earthquake Relief

February 15, 2023
TOKYO, Feb 15, 2023 - (JCN Newswire via SEAPRWire.com) - Honda would like to express its deepest sympathies and condolences to the victims of the February 6, 2023 earthquake which struck an area near the Turkish-Syrian border. In response to this tragedy, Honda Motor Co., Ltd. will donate 10 million yen to the Japanese Red Cross Society to support the humanitarian relief and recovery effort in the affected areas.A Honda subsidiary in Europe, namely Honda Motor Europe Ltd., and Honda Turkiye A. S. will donate more than 200 generators as well as essential products to meet the most urgent needs. Moreover, Honda subsidiaries in the U.S., namely American Honda Motor Co., Inc., and Honda Development and Manufacturing of America, LLC have already begun receiving donations from their Honda associates, and the companies are planning to augment the donation with a company matching gift. Honda sincerely hopes for the earliest possible recovery of the affected region. Copyright 2023 JCN Newswire. All rights reserved. (via SEAPRWire)
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Honda Motor Co-founder Takeo Fujisawa to be Inducted into Automotive Hall of Fame JCN Newswire

Honda Motor Co-founder Takeo Fujisawa to be Inducted into Automotive Hall of Fame

February 13, 2023
Detroit, Michigan, Feb 13, 2023 - (JCN Newswire via SEAPRWire.com) - Takeo Fujisawa, co-founder of the Honda Motor Co., Ltd., will be inducted into the Automotive Hall of Fame at its awards ceremony at The Fillmore Detroit on July 20. Fujisawa will join Honda founder Soichiro Honda, who was inducted in 1989 as the first Japanese automotive executive honored by the Automotive Hall of Fame, located in Dearborn, Michigan. Born on November 10, 1910, Fujisawa originally aspired to become a teacher, but instead worked as a salesman for a steel products company and then for a lumber company when he met Soichiro Honda in August 1949, about one year after the founding of Honda Motor Co., a small local venture in Hamamatsu, Japan. It was the right after the launch of the Dream D-Type, considered to be Honda's first full-fledged motorcycle product. While the two men were equipped with different personalities and skill sets, Honda and Fujisawa hit it off almost immediately and began deep discussions about their approach to business and dreams for the future. Quickly developing a trusting relationship, they established a shared vision for the future of the company with Fujisawa joining Honda Motor in October 1949. As a president of the company, Honda retained responsibility for product design and technology development and manufacturing operations, inventing many innovative vehicles including Super Cub, the world's best-selling mobility product. Fujisawa backed him up as his right hand with responsibility for the business side of the company, including sales, finance and marketing. Fujisawa's marketing savvy, strong business sense, and keen ability to chart unique paths to growth proved the perfect match to Soichiro Honda's engineering acumen and vision for mobility. The partnership lasted 25 years, until March 1973 when Messrs. Honda and Fujisawa retired together. From the beginning, Fujisawa had an enormous impact on Honda's business globally and in the U.S., where he played the key role in the approach to the American market. Fujisawa made several lasting and impactful business decisions that are still relevant today: Starting Honda Business in the U.S.In 1959, and by then the senior managing director of Honda, Fujisawa made the challenging decision to establish American Honda as Honda's first subsidiary outside Japan. At the time, the entire U.S. motorcycle industry sold no more than 60,000 units annually -- mostly larger bikes. One member of the team recommended expansion in Asia, where small motorcycles from Europe, like those made by Honda, were already in use. He suggested that America, the "land of the automobile," was too difficult a target for Honda. Fujisawa had another idea. "On second thought, let's do America," he said. "To succeed in the U.S. is to succeed worldwide. To take up the challenge of the American market may be the most difficult thing to do, but it's a critical step in expanding the export of our products." Without Fujisawa's leadership, Honda would not be the success story in the United States that it is today.Creating Independent U.S. Dealer NetworkFujisawa adopted many innovative sales and marketing strategies in Japan and the U.S. This included the decision to start motorcycle sales by establishing Honda's own dealer network. Despite suggestions that Honda should follow the approach of other Japanese companies and rely on a trading company to launch U.S. sales, Honda forged relationships with many smaller dealers, even those with no history in the motorcycle industry, and successfully expanded business from the West Coast across America. By the mid-1960s, Honda was the best-selling motorcycle brand in America.Establishing Separate R&D CompanyIn 1960, based on Fujisawa's initiative, Honda R&D Co., Ltd. was created as a separate company. Fujisawa conceived the idea with two objectives: to give Honda engineers the freedom to create new value without being constrained by the ups and downs of daily business and to protect Honda's ability to sustain this innovation in the future when they could no longer rely on the genius of Soichiro Honda. The new R&D company ushered in an era of incredible technological and product innovation, and entering new business areas including the automobile and aviation industries. Honda R&D's focus on research and creating new value in mobility continues to this day. More information about Takeo Fujisawa will be provided at the time of his formal induction into the Automotive Hall of Fame in July 2023. Copyright 2023 JCN Newswire. All rights reserved. (via SEAPRWire)
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ION Mobility Closes US$18.7m in Series A funding; Brings TVS Motor Company on Board as Strategic Investor ACN Newswire

ION Mobility Closes US$18.7m in Series A funding; Brings TVS Motor Company on Board as Strategic Investor

February 3, 2023
Singapore, Feb 3, 2023 - (ACN Newswire via SEAPRWire.com) - ION Mobility (ION) today announced new investments of US$18.7 million in its Series A funding round. Additionally, the company also brings TVS Motor Company on board as its strategic investor, through TVS Motor's Singapore subsidiary, TVS Motor (Singapore). As part of this investment agreement, TVS Motor will provide ION with the necessary ecosystem support to be successful in the electric two-wheeler markets of Singapore and Indonesia.ION's latest fundraise and partnership with TVS Motor is to support its vision to build Southeast Asia's leading electric mobility solutions company starting with Indonesia. Other investors include AC Ventures Malaysia, Michael Sampoerna and ION's Chief Manufacturing Officer Ng Ho Sen, with existing investors such as TNB Aura, Quest Ventures, Monk's Hill Ventures, Village Global, GDP Venture and Seeds Capital also participating in the round.Founder and CEO James Chan said, "I am delighted with the vote of confidence that my team and I have received from TVS Motor via our funding round and partnership. We are excited to draw upon TVS Motor's decades of global expertise in two-wheelers to accelerate our "Mobius" M1-S production readiness, as well as the design and development of other models. We look forward to leading the charge towards an electric and sustainable two-wheeler future together."This new funding round brings the total capital raised by ION to over US$25.5 million since 2020. The company will invest the capital into Indonesia to grow its local team, operations and capabilities. This includes its sales and marketing presence, local supply chain networks, production tooling and manufacturing capabilities in Indonesia, in order to achieve at least 50% local content.Speaking on the occasion, Mr. Sudarshan Venu, Manging Director, TVS Motor Company said, "TVS Motor is committed to developing exciting products for consumers across global markets. We are thrilled to partner with ION Mobility, a full-stack EV company with a strong team of engineers and technical base in Singapore, to drive the premium electric two-wheeler growth in the region. We share a common vision and are eager to support them as a strategic investor."This announcement comes on the heels of ION Mobility's launch of its M1-S electric scooter in Jakarta in November 2022, which also saw the company sign a broad-ranging Memorandum of Understanding (MOU) with Indonesia's national grid operator PT Perusahaan Listrik Negara (PLN) to expand PLN's charging network, in addition to two-wheeler fast-charging technology research and user outreach and education. The MoU was officiated by Indonesian Minister of Industry, Agus Gumiwang Kartasasmita at the Indonesia Motorcycle Show 2022, with Singapore Ambassador to Indonesia Mr. Kwok Fook Seng also in attendance.About ION MobilityION Mobility is a tech and automotive OEM on a mission to create and deliver aspirational and sustainable mobility and energy solutions for everyone. They are committed to creating great products and seamless user experiences for their customers. Their products combine advanced hardware and software technology with human-centred design to deliver smart electric motorbikes and energy charging and storage solutions that are for everyone to use. Their vision is to be Southeast Asia's top technology company leading their region's transition towards a low-carbon economy across Southeast Asia, starting with the ION M1-S. For more information, please visit www.ionmobility.com and ionmobility.substack.com.For more information, please contact: hello@ionmobility.comAbout TVS Motor CompanyTVS Motor Company is a reputed two and three-wheeler manufacturer globally, championing progress through Sustainable Mobility with four state-of-the-art manufacturing facilities in Hosur, Mysuru and Nalagarh in India and Karawang in Indonesia. Rooted in their 100-year legacy of Trust, Value, and Passion for Customers and Exactness, they take pride in making internationally aspirational products of the highest quality through innovative and sustainable processes. They are the only two-wheeler company to have received the prestigious Deming Prize. Their products lead in their respective categories in the J.D. Power IQS and APEAL surveys. They have been ranked No. 1 Company in the J.D. Power Customer Service Satisfaction Survey for consecutive four years. Their group company Norton Motorcycles, based in the United Kingdom, is one of the most emotive motorcycle brands in the world. Their subsidiaries in the personal e-mobility space, Swiss E-Mobility Group (SEMG) and EGO Movement have a leading position in the e-bike market in Switzerland. TVS Motor Company endeavours to deliver the most superior customer experience across 80 countries in which they operate. For more information, please visit www.tvsmotor.com.For more information, please contact:KS Harini – ks.harini@tvsmotor.comNikita Verma – nikita.verma@tvsmotor.com Copyright 2023 ACN Newswire. All rights reserved. (via SEAPRWire)
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TVS Motor Company’s Chairman Sir Ralf Speth conferred with University of Warwick’s Honorary Doctorate ACN Newswire

TVS Motor Company’s Chairman Sir Ralf Speth conferred with University of Warwick’s Honorary Doctorate

January 21, 2023
Singapore, Jan 21, 2023 - (ACN Newswire via SEAPRWire.com) - Sir Ralf Speth, Chairman of TVS Motor Company, has been conferred with an Honorary Doctorate in the field of Science (Doctor of Science, honoris causa) from the University of Warwick, United Kingdom. The honorary degree was conferred by the University of Warwick Chancellor Baroness Catherine Ashton of Upholland. TVS Motor Company's Chairman Sir Ralf Speth conferred with University of Warwick's Honorary Doctorate.Sir Ralf is accompanied by the University of Warwick Chancellor Baroness Catherine Ashton of Upholland who conferred the degree.Sir Ralf is a Fellow of the Royal Academy of Engineering, and a Fellow of the Royal Society. An honorary professor at Warwick Manufacturing Group (WMG), he has been closely associated with WMG ever since obtaining his engineering doctorate in 2008, under the pioneering leadership of former WMG Chairman, Lord Bhattacharyya. An outstanding engineer with a vast experience in the global automotive industry, Sir Ralf has held leadership roles with some of the renowned automotive and industrial giants such as Jaguar Land Rover, BMW, Ford, Tata Motors, and The Linde Group. He was appointed Honorary Knight Commander of the British Empire and an Additional Knight Commander of the Most Excellent Order of the British Empire.Commenting on the honour, Venu Srinivasan, Chairman Emeritus, TVS Motor Company, said, "My heartiest congratulations to Ralf for this well-deserved recognition. Over his distinguished career in automotive and industrials of more than four decades, he has built world class products and brands. He has been relentlessly working towards transforming the industry with his passion for technology and strive for excellence. This honour is a testament to his leadership, vision, and dedication to the industry, and we are privileged to have him lead TVS Motor Company in its transformational journey."Sudarshan Venu, MD, TVS Motor Company, said, "Sir Ralf's exemplary leadership skills, tremendous vision for the industry, and discerning approach towards technology make him unique. His energy and passion is inspiring. We are proud to have him amongst us. We wish him many more accolades recognising his immense contributions to the industry."Sir Ralf has a degree in engineering from the University of Applied Sciences Rosenheim, Germany, and a doctorate of engineering in Mechanical Engineering and Business Administration at the University of Warwick.About TVS Motor CompanyTVS Motor Company is a reputed two and three-wheeler manufacturer globally, championing progress through Sustainable Mobility with four state-of-the-art manufacturing facilities in Hosur, Mysuru and Nalagarh in India and Karawang in Indonesia. Rooted in our 100-year legacy of Trust, Value, and Passion for Customers and Exactness, we take pride in making internationally aspirational products of the highest quality through innovative and sustainable processes. We are the only two-wheeler company to have received the prestigious Deming Prize. Our products lead in their respective categories in the J.D. Power IQS and APEAL surveys. We have been ranked No. 1 Company in the J.D. Power Customer Service Satisfaction Survey for consecutive four years. Our group company Norton Motorcycles, based in the United Kingdom, is one of the most emotive motorcycle brands in the world. Our subsidiaries in the personal e-mobility space, Swiss E-Mobility Group (SEMG) and EGO Movement have a leading position in the e-bike market in Switzerland. TVS Motor Company endeavours to deliver the most superior customer experience across 80 countries in which we operate.For more information, please visit www.tvsmotor.com. For more information, please contact:Priyanka Kumar Priyanka.kumar@tvsmotor.com Copyright 2023 ACN Newswire. All rights reserved. (via SEAPRWire)
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LG Energy Solution and Honda Formally Establish Battery Production Joint Venture JCN Newswire

LG Energy Solution and Honda Formally Establish Battery Production Joint Venture

January 16, 2023
TOKYO, Jan 16, 2023 - (JCN Newswire via SEAPRWire.com) - LG Energy Solution (LGES; KRX: 373220) and Honda Motor Co., Ltd. (Honda) today announced the formal establishment of the joint venture (JV) which will produce lithium-ion batteries for electric vehicles (EV) produced by Honda.The JV will begin construction of a new battery plant early this year with the goal of completion by the end of 2024 and starting mass production of advanced lithium-ion battery cells by the end of 2025. The plant aims to have an annual production capacity of approximately 40GWh. All batteries produced by the new JV will be supplied exclusively to Honda plants in North America to power battery-electric vehicles sold in North America. The new plant will be located approximately 40 miles southwest of Columbus in Fayette County, near Jeffersonville. LGES and Honda have committed to investing $3.5 billion and creating 2,200 jobs to establish the new production facility. The companies' overall investment related to the JV is projected to reach $4.4 billion.About the new JV:Company name:L-H Battery Company, Inc. (tentative name)Location:Jeffersonville, Ohio, U.S.A.Capital:$ 210 million USD (Percentage of ownership: 51% LGES, 49% Honda)Corporate officers:Robert H. Lee, CEO (Currently Executive Vice President, North America Regional Group Leader of LGES)Rick Riggle, COO (Previously Plant Lead of Anna Engine Plant of Honda Development and Manufacturing of America)Comments by Robert H. Lee, CEO of L-H Battery Company, Inc."LG Energy Solution has all the right assets to make this joint venture a success, including the financial stability, quality, competitiveness, and production capacity with global operational expertise," said Robert H. Lee. "With two companies' expertise combined, we will provide top quality batteries to ensure the successful launch of Honda EVs in North America, and grow with the community here in Ohio by creating high value jobs."Comments by Rick Riggle, COO of L-H Battery Company, Inc."The formal establishment of this joint venture between LG Energy Solution and Honda to produce EV batteries in Ohio is another major step toward our electrified future," said Rick Riggle. "We are excited to move forward with such a strong partner in LG Energy Solution and, together, we look forward to establishing a strong relationship with the community in Fayette County, Ohio."About LG Energy SolutionLG Energy Solution (KRX: 373220), a split-off from LG Chem, is a leading global manufacturer of lithium-ion batteries for electric vehicles, mobility, IT, and energy storage systems. With 30 years of experience in revolutionary battery technology and extensive research and development (R&D), the company is the top battery-related patent holder in the world with over 25,000 patents. Its robust global network, which spans North America, Europe, Asia, and Australia, includes battery manufacturing facilities established through joint ventures with major automakers such as General Motors, Stellantis N.V., Hyundai Motor Group, and Honda Motor Co. Ltd. At the forefront of green business and sustainability, LG Energy Solution aims to achieve carbon neutral operations by 2050, while embodying the value of shared growth and promoting diverse and inclusive corporate culture. To learn more about LG Energy Solution's ideas and innovations, visit www.lgensol.com.About Honda Motor Co., Ltd.Honda Motor Co., Ltd. (NYSE: HMC) is responsible for the development, production and sales of automobiles, motorcycles, power products and aviation products worldwide. Honda now delivers over 30 million products annually through its three product lines. Honda and its partners build products in more than 60 manufacturing plants in 27 countries, employing about 220,000 associates globally. On a global basis by 2050, Honda is striving to achieve carbon neutrality for all products and corporate activities, as well as zero traffic collision fatalities involving Honda automobiles and motorcycles. Copyright 2023 JCN Newswire. All rights reserved. (via SEAPRWire)
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TVS Motor Company readies itself to rule the virtual world of racing; Introduces the TVS Apache RR 310 in Gameloft’s Asphalt 8: Airborne, for racing enthusiasts ACN Newswire

TVS Motor Company readies itself to rule the virtual world of racing; Introduces the TVS Apache RR 310 in Gameloft’s Asphalt 8: Airborne, for racing enthusiasts

December 16, 2022
Singapore, Dec 16, 2022 - (ACN Newswire via SEAPRWire.com) - TVS Motor Company, a reputed manufacturer of two-wheelers and three-wheelers globally, announced today its partnership with Gameloft for brands for Asphalt 8: Airborne featuring its flagship motorcycle, TVS Apache RR 310. It makes TVS Motor the first Indian two-wheeler manufacturer to bring a virtual racing experience of its motorcycle to Gameloft's Asphalt 8, one of the world's leading motor racing game. This integration marks TVS Apache's foray into the world of gaming, extending its commitment to deliver an unparalleled racing experience to its 4.8 million+ customers, online as well as offline. It is in line with the growing interest for gaming amidst the racing enthusiasts and target audience for TVS Apache, making this integration another medium for the company to engage with enthusiasts across the world even when they are off their motorcycles.The TVS Apache series built out of TVS Racing, is based on the "Track to Road" philosophy. This philosophy manifests itself in each of TVS Apache motorcycles through the best-in-segment performance, technology and unique stye.Commenting on the partnership, Vimal Sumbly, Head Business - Premium, TVS Motor Company, said, "TVS Motor Company is excited about its partnership with Gameloft for brands, as it brings TVS Apache RR 310 in the popular gaming franchise - Asphalt 8: Airborne. TVS Apache series has been instrumental in flourishing premium motorcycling culture and is a popular brand among motorcycle enthusiasts and the Gen-Z. We are sure that this collaboration with Gameloft will help in increasing the awareness for TVS Apache brand, targeting a new set of audience while engaging online with our customers. With initiatives like these, TVS Apache has become one of the fastest growing brands in its segment, and continues to demonstrate its focus on bringing innovative platforms to connect with the customers."Speaking on the integration, Alexandre Tan, SVP Brand Partnerships & Advertising at Gameloft for brands, said, "TVS Motor is a great partner and we are excited that they are joining us for the first time in this new competition. With this new partner, we are thrilled to bring new innovative and exclusive in the game, creating a deeper connection with the TVS Motor brand and the Asphalt franchise community."Key highlights:- As part of this association, gamers across the world can now compete against each other on TVS Motor Company's flagship motorcycle - the TVS Apache RR 310- With this new integration, the 4.8 million TVS Apache customers and owners worldwide will get an all-new platform to experience their favourite TVS Apache RR 310 virtually in an exciting setting- TVS Motor is the first Indian two-wheeler manufacturer to bring its motorcycle to the popular gaming franchise- Players will discover the new TVS Apache branded booster & billboards and the new TVS Apache World Series Season. In the process, they also stand a chance to win exciting prizes- TVS Apache customers find keen interest in online gaming, and this association is set to bolster the brand's awareness and imagery in engaging newer audiences- The TVS Apache RR 310 integration in Asphalt 8: Airborne can be experienced in Career, Player vs Player and Multiplayer modesAbout TVS Motor CompanyTVS Motor Company is a reputed two and three-wheeler manufacturer globally, championing progress through Sustainable Mobility with four state-of-the-art manufacturing facilities in Hosur, Mysuru and Nalagarh in India and Karawang in Indonesia. Rooted in our 100-year legacy of Trust, Value, and Passion for Customers and Exactness, we take pride in making internationally aspirational products of the highest quality through innovative and sustainable processes. We are the only two-wheeler company to have received the prestigious Deming Prize. Our products lead in their respective categories in the J.D. Power IQS and APEAL surveys. We have been ranked No. 1 Company in the J.D. Power Customer Service Satisfaction Survey for consecutive four years. Our group company Norton Motorcycles, based in the United Kingdom, is one of the most emotive motorcycle brands in the world. Our subsidiaries in the personal e-mobility space, Swiss E-Mobility Group (SEMG) and EGO Movement have a leading position in the e-bike market in Switzerland. TVS Motor Company endeavours to deliver the most superior customer experience across 80 countries in which we operate. For more information, please visit www.tvsmotor.comAbout Gameloft for brandsGameloft for brands offers leading advertising and gamification solutions to help brands better connect with their audiences. Through interactive content and immersive experiences supported by its extensive in-game media network, Gameloft for brands leverages its longstanding gaming expertise to engage people in meaningful ways with an unparalleled level of transparency and safety. Gameloft for brands has received the TAG Certification Against Fraud Seal and follows MOAT's standards. To date, Gameloft for brands has delivered more than 10,000 campaigns for prestigious brands such as Air France, Coca-Cola, Ferrero, Ford, FOX, Automobili Lamborghini, ING, Netflix, Procter & Gamble, Samsung and LEGO, in over 40 countries around the world (North America, Latin America, Middle East, Africa, Europe, Asia, etc.) and our work has been honoured with over 50 awards from marketing organizations.For more information, please contact:Namrata Sharma - Namrata.sharma@adfactorspr.com Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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Toyota Motor Thailand Marks 60th Anniversary JCN Newswire

Toyota Motor Thailand Marks 60th Anniversary

December 14, 2022
TOKYO, Dec 14, 2022 - (JCN Newswire via SEAPRWire.com) - Toyota Motor Corporation (TMC) announces that Toyota Motor Thailand Co., Ltd. (TMT), its vehicle manufacturing and distribution subsidiary in Thailand, held a ceremony today in Bangkok, Thailand to celebrate its 60th anniversary. Approximately 1,500 people attended the ceremony, including Supattanapong Punmeechaow, Deputy Prime Minister and Minister of Energy of the Kingdom of Thailand, and other members of the Thai government, as well as representatives from local suppliers and dealers. Attendees from Toyota included TMC President Akio Toyoda and TMT President Noriaki Yamashita. President Toyoda expressed his gratitude to Thailand and his commitment to making further contributions.For more information, visit https://global.toyota/en/newsroom/corporate/38421226.html. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)
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Fujitsu, Toyota Systems leverage Fujitsu’s Quantum-Inspired Digital Annealer to streamline automobile production sequence JCN Newswire

Fujitsu, Toyota Systems leverage Fujitsu’s Quantum-Inspired Digital Annealer to streamline automobile production sequence

October 21, 2022
TOKYO, Oct 21, 2022 - (JCN Newswire via SEAPRWire.com) - Fujitsu Limited and Toyota Systems Corporation (hereinafter Toyota Systems) today announced the launch of a new automobile production instruction system at Toyota Motor Corporation's (1) Tsutsumi plant leveraging Fujitsu's Quantum-Inspired Digital Annealer technology (2).The Digital Annealer offers users access to powerful combinatorial optimization problem-solving capabilities for challenges that prove difficult for conventional hardware, and Toyota Systems and Fujitsu previously used the technology in 2020 in a project to optimize supply chain and logistics network operations essential to support automobile production. The latest project represents the first use case in Japan in which Fujitsu's Digital Annealer technology has been applied to streamline automobile production operations.The new system enables efficient and high-speed solution searching by utilizing constraint processing technology to express complex business constraints in equations and inequalities, a proprietary technology available since the third generation of the Digital Annealer--the processing technology was developed by Fujitsu Research based on its long-time expertise in the manufacturing industry.The new vehicle production instruction system will enable Toyota Motor Corporation to respond quickly to production fluctuations and also reduce the workload of its employees. Moving forward, Toyota Systems and Fujitsu plan to expand the system to Toyota Motor Corporation's other plants in Japan and, in the future, to Toyota Motor Corporation's overseas plants.From October 2022, Fujitsu will commercially launch its "Fujitsu Computing as a Service (below, CaaS)" service portfolio in Japan, which delivers advanced computing technologies such as the Digital Annealer and software technologies to regular commercial users, lowering the barrier to access high performance computing resources and technologies like AI. Fujitsu plans to roll-out the service globally to markets outside of Japan from fiscal 2023.Through the new technology developed for this project, Toyota Systems aims to realize a safe, secure and comfortable mobility society by supporting Toyota Motor Corporation's IT based business transformation.Fujitsu is committed to providing optimal IT environments and solutions that meet customers' diverse needs under its portfolio of global solutions to realize a sustainable world, "Fujitsu Uvance."(1) Toyota Motor Corporation:President and Representative Director: Akio Toyoda; Head Office: Toyota City, Aichi Prefecture, Japan.(2) Quantum-inspired technology:A number of acceleration technologies inspired by quantum technology, but not quantum effects.About FujitsuFujitsu's purpose is to make the world more sustainable by building trust in society through innovation. As the digital transformation partner of choice for customers in over 100 countries, our 124,000 employees work to resolve some of the greatest challenges facing humanity. Our range of services and solutions draw on five key technologies: Computing, Networks, AI, Data & Security, and Converging Technologies, which we bring together to deliver sustainability transformation. Fujitsu Limited (TSE:6702) reported consolidated revenues of 3.6 trillion yen (US$32 billion) for the fiscal year ended March 31, 2022 and remains the top digital services company in Japan by market share. Find out more: www.fujitsu.com.About Toyota SystemsToyota Systems is an IT solutions company established in Jan. 2019 by merging 3 different Toyota IT subsidiaries. The mission of the company is to support Toyota Motor Corporation and its group companies by developing innovative IT solutions and, by doing so, to contribute to develop the mobility society of the future. The number of the employees is approximately 3,000 and its support covers most of the Toyota's main business areas such as R&D, production, logistics, sales, administration etc... For more information, please see www.toyotasystems.com/en/. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)
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Hitachi: Development of an Anti-Jerk Control to Improve Ride Comfort of Electrified Vehicles and Prototype of motor torque control to improve power consumption and stability of electrified vehicles JCN Newswire

Hitachi: Development of an Anti-Jerk Control to Improve Ride Comfort of Electrified Vehicles and Prototype of motor torque control to improve power consumption and stability of electrified vehicles

October 20, 2022
TOKYO, Oct 20, 2022 - (JCN Newswire via SEAPRWire.com) - Hitachi Astemo, Ltd. has developed a prototype of an anti-jerk control that improves ride comfort by reducing the back-and-forth jerk* that occurs when the vehicle stops, and a motor torque control (motor ABS (anti-lock braking system)) that improves electricity consumption, driving stability and a sense of security by maintaining appropriate wheel slippage during regenerative braking on slippery surfaces.Change of motor torque and vehicle velocity with anti-jerk during accelerator release* Rate of change of acceleration. When a vehicle is brought to a stop, a vigorous acceleration with vibration and shaking tends to occur, which is called jerkIn automobile operation, during deceleration when bringing a vehicle to a stop, braking force must be controlled by loosening or strengthening the brakes appropriately according to the speed, or else jerks will occur, resulting in shaking that impairs ride comfort. To solve this issue, Hitachi Astemo developed a prototype that leverages the features of electrified vehicles.Unlike the torque of an internal combustion engine, which is powered by fuel combustion, the torque of an electric motor is highly responsive to the driver's operation and can be increased quickly when accelerating or decelerating. Electric vehicles are also equipped with a mechanism called regenerative braking, which converts the torque into electric energy when the accelerator pedal is released. It quickly reduces the motor's rotation with torque and it generates electricity while uses torque for the braking force.Hitachi Astemo has developed an anti-jerk control system that takes advantage of the motor's torque characteristics and the braking power of regenerative braking. The system will suppress jerks by appropriately controlling the amount of torque to optimize the motor's braking power when the accelerator pedal is released. With this control, even ordinary drivers can easily achieve smooth stops with little jolting achieving the same results as those of a skilled driver.When driving on icy and slippery road surfaces, the regenerative braking alone could cause the tires to slip, which in turn reduces steering and driving stability. One way to avoid this issue is to stop the regenerative brake operation, which can suppress tire slippage, but this will reduce the amount of regenerated electric energy, which will worsen electricity consumption.Hitachi Astemo has developed a motor torque control technology that does not stop the regenerative brake itself, but controls the torque of the drive motor according to the driving conditions of the vehicle. The technology enables the vehicle to continue regenerating electricity even during deceleration when the accelerator pedal is turned off, while controlling tire slip and stabilizing the driving condition. This enables both regeneration of electricity and a sense of security due to improved driving stability during deceleration.The two newly developed technologies will contribute to OEM's electric vehicle development combining high driving performance with environmental performance, and thereby contribute to the popularization of electrified vehicles.Hitachi Astemo is committed to strengthening its business and delivering technological innovation through a strategic business portfolio, which consists of the Powertrain & Safety Systems business, Chassis business, Motorcycle business, Software business and Aftermarket business. Aiming for a better environment globally and growth around the pillars of "green," "digital," and "innovation," we will deliver highly efficient internal combustion engine systems; electric systems that reduce emissions; autonomous driving for improved safety and comfort; advanced driver assistance systems; and advanced chassis systems. Through such advanced mobility solutions, we will contribute to realizing a sustainable society and provide enhanced corporate value for our customers. For more information, please visit the Hitachi Astemo website: www.hitachiastemo.com/en/. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)
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Leadrive Technology Completes Series C Financing, Legend Capital Re-upped ACN Newswire

Leadrive Technology Completes Series C Financing, Legend Capital Re-upped

September 25, 2022
HONG KONG, Sep 25, 2022 - (ACN Newswire via SEAPRWire.com) - Leadrive Technology, a leading supplier of power semiconductor and motor control solutions for new energy vehicles, recently announced its completion of the series C financing. As the existing shareholder, Legend Capital continued to support this round of financing.This round of financing will be mainly used for the construction of the IGBT/SiC power module packaging production line, the operation of the rapid production of motor control products, and the R&D of the latest generation of silicon carbide power modules and motor control products.Founded in 2017, Leadrive Technology has been committed to the forward development and production of power semiconductor modules and high-performance motor control units, bringing high-quality electric power to global automotive enterprise customers and consumers. After five years of rapid development, Leadrive Technology is equipped with mature technology and product solutions in the power modules and motor control units. A variety of high-performance IGBT power modules and main-drive dual-motor controller products developed by Leadrive have been installed in several hybrid models of many OEMs, achieving mass shipments and fully entering the passenger car market. With many test indicators at the industry-leading level in vehicle testing, the silicon carbide motor controller independently developed by Leadrive has also been designated and recognized by many downstream customers in the global market. In the future, Leadrive will center on the two core electrification foundations of power semiconductor modules and motor control units, and continue to invest in advanced technology development, product platform iteration, capacity expansion, and other fields. By leveraging its technological advantages, Leadrive works with industry chain partners to empower the electrification trend of the automotive industry and make outstanding contributions to promoting the technological progress of the industry.Dr. Jie Shen, the CEO of Leadrive, said: "Currently, the company is in a critical stage of rapidly developing large-scale delivery. This round of financing will mainly be used for the construction and implementation of the company's power module packaging production line and the replenishment of working capital for multiple mass production projects. For the smooth delivery of this round of financing, I would like to thank all the new and existing shareholders for their trust and strong support. With pursuing excellence in our mind, we take it as our duty to promote the technological progress of the industry as well as to make a continuous innovative contribution to the development of the new energy vehicle industry in China." About Legend CapitalFounded in 2001, Legend Capital is a leading VC&PE investor focusing on the early-stage and growth-stage opportunities in China, with offices across Beijing, Shanghai, Shenzhen, Hong Kong, and Seoul, Korea. It currently manages USD and RMB funds of over US$10 billion in commitments, and has invested in around 600 companies, covering technology, healthcare, consumer, enterprise service and intelligent manufacturing sectors. Rooted in China, Legend Capital participated in the rise of many world-leading companies by solid investment coverage and systematic post-investment value-add. Over the years, Legend Capital has also become a widely recognized name in bridging key resources in China and overseas through cross-border activities, and a valuable partner to Chinese and overseas investors. Legend Capital values long-term sustainable investment and incorporates ESG into its long-term development strategy. As a UNPRI signatory since November 2019, Legend Capital is among the first group of top VC/PE firms in China to join the initiative. For more information, please visit www.legendcapital.com.cn/index_en.aspx and follow us on LinkedIn @Legend Capital (https://www.linkedin.com/company/legend-capital). Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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