DENSO Corporation and Toyota Motor, Luxoft & LG Electronics, BorgWarner, Magna, and SKC announced deals and investments during the last year. HARMAN expanded its automotive electronics manufacturing in India. We featured below six major automotive electronics deal.
#1 – Luxoft automotive joint venture with LG Electronics
Luxoft, a leading software engineering firm established an automotive joint venture with LG Electronics to advance the deployment of the production-ready digital cockpit, in-vehicle infotainment, rear-seat entertainment (RSE) and ride-hailing systems based on the webOS Auto platform. Luxoft is a part of DXC Technology Company.
The new joint venture will strengthen Luxoft’s capabilities in design, development, and deployment of the large-scale digital cockpit and connected mobility solutions based on open platforms. The new JV of Luxoft and LG will bring together one of the industry’s most innovative automotive software engineering providers with one of the world’s leading innovators in technology and home entertainment. The JV helps Luxoft to lead the deployment of webOS Auto platform in production-ready systems in automotive. [Read More]
#2 – BorgWarner acquisition of Delphi Technologies for $3.3 billion
The world’s leading auto component supplier, BorgWarner Inc. acquired London based Delphi Technologies for $3.3 billion. The acquisition of Delphi Technologies would strengthen BorgWarner’s power electronics products, capabilities, and scale. The deal helps BorgWarner’s propulsion market to maintain flexibility across combustion, hybrid, and electric propulsion (C-H-E). After completion of the deal, the combined company is expected to be one of the leading pure-play propulsion companies worldwide, serving light and commercial vehicle manufacturers and aftermarket customers. [Read More]
#3 – HARMAN expands automotive electronics manufacturing in India
Samsung Electronics subsidiary Harman International, announced expansion to its automotive electronics manufacturing plant at Chakan, Maharashtra, in India. The company’s phase II expansion in India will triple the production capacity by the year 2021. The company’s expansion includes four new world-class SMT production/assembly lines, scaling from existing two to six lines, to meet the growing demands for innovative connected car solutions globally.
HARMAN’s phase II expansion will help to manufacture highly complex, customized connected car electronics solutions for its domestic and global customers, including Maruti Suzuki, Daimler (Mercedes Benz), Volkswagen Group, TATA Motors, and Fiat Chrysler.
#4 – DENSO Corporation and Toyota Motor JV for R&D
DENSO Corporation, a leading mobility supplier established a joint venture with Toyota Motor Corporation for research and advanced development of next-generation, in-vehicle semiconductors.
DENSO will invest $1 million to open a new Texas Innovation and Connected Service Center in Plano, Texas. DENSO’s Texas R&D lab for innovating connected technologies and vehicle service solutions. DENSO is a global mobility supplier that develops advanced technology and components for nearly every vehicle and model.
#5 – Magna opened a new electronics facility in Michigan, USA
Magna, a Canadian mobility technology company, has opened a new electronics manufacturing facility in Grand Blanc Township, Michigan, the USA. The new Michigan facility consolidates the three nearby locations into a single state-of-the-art facility. Magna had invested nearly $50 million for the new 230,000-square-foot facility.
The Michigan facility equipped with future technologies such as advanced driver assistance systems (ADAS), advanced robotics, and micro-LED lighting. The facility is also home to an advanced robotics R&D testing lab.
#6 – KKR to sell KCF Technologies for $1 billion
KKR, a global investment firm, has announced that SK Group affiliate SKC will acquire KCF Technologies from KKR for $1 billion. KCF Technologies, a leading producer of copper foils and flexible copper-clad laminates predominantly used in li-ion batteries for electric vehicle applications. As per the agreement, KKR will assist KCFT in setting up all core functions to operate as an independent company.