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Ekso Bionics in $100 million joint venture to develop the exoskeleton market in Asia

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Ekso Bionics, Inc. is to establish a joint venture to develop and serve the exoskeleton market in China and other Asian markets and to create a global exoskeleton manufacturing centre.

It will partner with Zhejiang Youchuang Venture Capital Investment Co., Ltd (ZYVC) and Zhejiang Silicon Paradise Asset Management Group.

The joint venture will develop, sell and support exoskeleton products into China, Hong Kong, Singapore, and Malaysia, and will be capitalized at greater than $100 million over its term.

[Read more…] about Ekso Bionics in $100 million joint venture to develop the exoskeleton market in Asia

Nidec to build $500 million facility in China to make motors for electric vehicles

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Industrial motors giant Nidec is planning to build a $500 million facility in China, according to a report on Nikkei.

The factory will specialize in manufacturing motors for electric vehicles, a growing market in China and the rest of the world.

The proposed location is said to be the Jinpu New Area in the port city of Dalian, north-east China, about 500 km east of Beijing.

[Read more…] about Nidec to build $500 million facility in China to make motors for electric vehicles

First JAL A350-900 rolls out of Airbus paint shop

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The first A350 XWB for Japan Airlines (JAL) has rolled out of the Airbus paint shop in Toulouse, France.

The A350-900 is the first ever Airbus aircraft to be produced directly for JAL and features a special A350 XWB red logo on the fuselage.

The aircraft will now proceed to ground and flight tests, before delivery to JAL in early summer.

[Read more…] about First JAL A350-900 rolls out of Airbus paint shop

Samsung moves into the vertical farming market

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Agricultural innovations are essential for feeding our ever-growing global population.

Especially these days, as industrialisation and global warming continue to negatively affect soil fertility and reduce the amount of arable land.

According to the United Nations, the world’s population is set to reach 9.8 billion by 2050.

[Read more…] about Samsung moves into the vertical farming market

Bosch to cooperate in large-scale production of fuel cells for trucks and cars

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Bosch is entering the market for mobile fuel cells and paving the way for the breakthrough of this technology in trucks and cars.

A crucial component is the stack. As the core of the fuel cell, is converts hydrogen into electrical energy.

To further improve and manufacture these stacks, Bosch has now formed an alliance with Powercell Sweden AB, the Swedish manufacturer of fuel-cell stacks.

[Read more…] about Bosch to cooperate in large-scale production of fuel cells for trucks and cars

Robotic lawn mower market forecast to grow to $1.3 billion

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The robotic lawn mower market is projected to grow from the current $533 million to $1,262 million by 2025 at annual growth rates of around 13 percent, according to a new report by ResearchAndMarkets.com.

Increase in labor cost, safety concerns over traditional lawn mowers, and need for noise-free operation are some of the major factors that will drive the robotic lawn mower market.

Europe is expected to be the largest as well as fastest growing robotic lawn mower market during the forecasted period.

[Read more…] about Robotic lawn mower market forecast to grow to $1.3 billion

Phihong launches new electric vehicle charger

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Phihong has launched a new electric vehicle charger.

Following successful deliveries of EV changer products in Asia and Europe, Phihong, a supplier of power solutions, announces the availability of the AC32A 7.7kW Electric Vehicle Charger with UL certification for the North American market.

The AC32 7.7kW AC charger is compact, reliable, lightweight, and vibration resistant. With a sleek, ergonomic and customizable design, the AC32 chargers require a single-phase 220Vac to 240Vac input and have options to be wall-mounted or free standing. [Read more…] about Phihong launches new electric vehicle charger

NXP teams up with Hawkeye in Chinese automotive radar market

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NXP Semiconductors N.V. has announced a new strategic collaboration and investment agreement with Hawkeye Technology Co., Ltd, a company at the forefront of the Chinese automotive radar sector.

Hawkeye will bring its 77GHz expertise, a team of engineers and a lab complex within Southeast University in Nanjing, China.

Together, the two companies will form a reference design collaboration that uses top engineering talent at Southeast University and NXP’s longstanding radar expertise, to create NXP-based reference designs for the Chinese automotive market.

[Read more…] about NXP teams up with Hawkeye in Chinese automotive radar market

Hyundai and H2 Energy sign joint venture deal on hydrogen mobility in Europe

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Hyundai Motor Company and H2 Energy AG have signed a contract for a joint venture, Hyundai Hydrogen Mobility, aimed at taking a lead across Europe’s burgeoning hydrogen mobility ecosystem.

To begin the joint venture’s operations, Hyundai Motor will deliver 1,600 fuel cell electric heavy-duty trucks to Hyundai Hydrogen Mobility from 2019 through 2025.

The venture will then lease a large portion of these fuel-cell powered trucks to the H2 Mobility Switzerland Association, which comprises major refuelling station operators, transport and logistics companies, as well as to various other industry players that promote hydrogen mobility in Switzerland. [Read more…] about Hyundai and H2 Energy sign joint venture deal on hydrogen mobility in Europe

Infineon ‘outgrowing all other leading suppliers of automotive semiconductors’ in Japan

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Infineon is outgrowing all other leading suppliers of automotive semiconductors in Japan, according to new research by Strategy Analytics.

Infineon says this shows “strong growth in a strategically important market”.

The latest research from Strategy Analytics finds that Infineon Technologies increased its automotive business in Japan by almost 25 percent in 2018. [Read more…] about Infineon ‘outgrowing all other leading suppliers of automotive semiconductors’ in Japan