Steel Strips Wheels Ltd (SSWL) bags order from BMW

 

products-rightOn February 12, 2018 the SSWL bagged an order from Caravan Wheels in Europe for 19,500 steel wheels. The company has picked up another order from BMW for supplying approximately 46,000 steel wheels. The product would be supplied to BMW’s Leipzig, Germany plant from the Chennai plant starting next financial year. SSWL and BMW have strong business relationship for the past eight years.

An established designer and manufacturer of automotive steel wheels since 1991 the company supplies steel wheels for two- and three-wheelers, passenger cars, multi utility vehicles, tractors, trucks and off-road vehicles.

The company has three production facilities in India (Punjab, Chennai and Jamshedpur). The Punjab and Chennai facility mainly manufactures passenger car wheels and truck wheels in Jamshedpur. It has a total annual capacity of 16.6 million wheels – (9 million wheels in Dappar, 6 million wheels in Oragadam and 1.6 million truck wheels in Jamshedpur).

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BMW close to 10-year supply deal for battery minerals: FAZ

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Repost from MINING.COM | Copper and base metals markets are having terrible week, but the rally in the price of cobalt shows no signs of fizzling out. The metal quoted on the LME rose to a fresh 9-year peak of $81,500 a tonne yesterday, a 147% surge since the beginning of 2017.

Lithium carbonate prices began its run up two years ago, going from $6,100 per tonne to average $23,350 so far this year on hopes of a boom in demand from electric vehicle manufacturers. Nickel, where EVs hardly registers on the demand side compared to steelmaking, have also been swept up by the positive sentiment and last year prices jumped by 25%.

On Friday luxury vehicle maker BMW said it’s close to signing a 10-year supply contract for lithium and cobalt according to a report in Germany’s Frankfurter Allgemeine Zeitung quoted by Reuters. Markus Duesmann, purchasing executive for the German marque, said “the aim is to secure the supply all the way down to the level of the mine, for 10 years. The contracts are ready to be signed.”

BMW recently said it believes its needs for car-battery raw materials will grow 10-fold by 2025 and that it had been surprised by “just how quickly demand will accelerate”. BMW plans to offer 25 electrified vehicles by 2025 and like many of its peers prefer the use of nickel-magnesium-cobalt batteries (EV pioneer Tesla’s battery technology does not require cobalt).

Traditional carmakers are scrambling to retool their businesses for the electric vehicle market. In January Ford said it’s doubling its investment in the sector to $11 billion over the next five years. French carmaker Peugeot said it’s returning to North America with an entire fleet of electrified vehicles by 2025 while Volkswagen is targeting a 300-model battery-powered lineup by 2030.

Volkswagen will invest more than $40 billion in the next five years as part of a push into battery-powered vehicles and autonomous-driving systems. Daimler AG is spending 10 billion euros on 10 battery models by 2022. BMW said separately on Friday that it put a procurement partnership with Daimler on ice as a result of an investigation into potential antitrust behaviour by German carmakers Reuters reports.

The boom in electric cars could more than quadruple demand for cobalt to in excess of 450,000 tonnes by 2030 from less than 100,000 tonnes last year, according to Bloomberg New Energy Finance.

DriveNow now becomes wholly owned subsidiary of BMW Group

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Munich. With the acquisition of Sixt SE’s stake in DriveNow, the BMW Group continues its systematic development as a customer-centric mobility company. Today’s signing is subject to approval by antitrust authorities. With this move, the world’s leading provider of premium mobility is offering customers efficient, sustainable mobility solutions from a single source. The rapidly growing field of mobility services is one of the cornerstones of the BMW Group’s corporate strategy NUMBER ONE > NEXT, as evidenced by the BMW Group expanding its offering in the areas of on-demand mobility (DriveNow and ReachNow), parking (ParkNow) and charging (ChargeNow) in a sustainable way. The acquisition of the Sixt shares is therefore the next logical step in this strategy, following the acquisition of Parkmobile LLC in early January of this year, a move which made the BMW Group the world’s leading provider of digital parking solutions.

“We have achieved extraordinary success with DriveNow over the past seven years – thanks to the efforts of the DriveNow employees and the excellent cooperation with our joint venture partner, Sixt. Sixt will remain a strong partner for us in the future,” said Peter Schwarzenbauer, member of the Board of Management of BMW AG, responsible for MINI, Rolls-Royce, BMW Motorrad, Customer Engagement and Digital Business Innovation BMW Group. “Our aim is to win 100 million customers for our premium mobility services by 2025. With DriveNow as a wholly-owned subsidiary, we have all options for continued strategic development of our services in our hands. Our experience with mobility services supports our development of future autonomous, electrified and connected fleets,” Schwarzenbauer continued.

Independently of the acquisition of the Sixt stake in DriveNow, the BMW Group and Sixt will continue their successful long-standing partnership through delivery of BMW and MINI vehicles for the Sixt fleet.

“The joint development of DriveNow impressively demonstrates the innovative strength of Sixt and the BMW Group. We would like to thank the DriveNow employees and the BMW Group for this success and look forward to continuing our strategic partnership with the BMW Group through our contracts for delivery of BMW and MINI brand vehicles”, said Alexander Sixt, member of the Managing Board of Sixt SE, responsible for Group Strategy.

DriveNow was founded in 2011 as a premium car-sharing joint venture between the BMW Group and Sixt SE. The service is already used by more than one million customers in 13 European cities. The fleet comprises more than 6,000 BMW and MINI brand premium vehicles across Europe. The electric BMW i3 is also available to users at all DriveNow locations.

“In 2017 our customers drove over eight million kilometres with the DriveNow electric fleet – that is equivalent to driving round the globe more than 200 times on electric power. DriveNow not only reduces traffic and improves the parking situation in urban areas, but it is also supporting the breakthrough of electromobility,” said DriveNow Managing Director Sebastian Hofelich. “We look forward to working with our franchise and city partners to continue actively shaping urban mobility in a sustainable manner,” he added.

The BMW Group seeks to improve quality of life in urban areas through its mobility offering. The company works with various partners and decision-makers in cities to help shape the sustainable mobility of the future.

  The BMW Group 

With its four brands BMW, MINI, Rolls-Royce and BMW Motorrad, the BMW Group is the world’s leading premium manufacturer of automobiles and motorcycles and also provides premium financial and mobility services. The BMW Group production network comprises 31 production and assembly facilities in 14 countries; the company has a global sales network in more than 140 countries.

In 2017, the BMW Group sold over 2,463,500 passenger vehicles and more than 164,000 motorcycles worldwide. The profit before tax in the financial year 2016 was approximately € 9.67 billion on revenues amounting to € 94.16 billion. As of 31 December 2016, the BMW Group had a workforce of 124,729 employees.

The success of the BMW Group has always been based on long-term thinking and responsible action. The company has therefore established ecological and social sustainability throughout the value chain, comprehensive product responsibility and a clear commitment to conserving resources as an integral part of its strategy.

Source BMW Press Release

McLaren automotive collaborates with BMW to develop future powertrain technology

McLaren Automotive has announced a strategic project to design and develop technology for the next generation of powertrains. Working with a number of partners including BMW Group, the project will develop new combustion technology that will deliver a higher output per capacity than currently possible. It also aims to further facilitate CO2 reductions while simultaneously increasing engine output. The technology is destined for application in future McLaren engines.

The project, supported and part-funded by UK Government through the Advanced Propulsion Centre (APC), will also improve the UK’s development and production capabilities of low-CO2 internal combustion engine technology. The project will be led by McLaren Automotive but involves a total of six partners. McLaren Automotive will work with its existing engine manufacturing partner, Ricardo, and BMW Group while Grainger and Worrall will deliver complex, lightweight casting technology. Lentus Composites will contribute knowledge in specialist composite structures. Completing the syndicate is the University of Bath who bring their advanced research and development capabilities in internal combustion engine systems efficiency.

Commenting on the collaboration, Chief Executive Officer of McLaren Automotive, Mike Flewitt, said: ‘This is an exciting project that plays to the strengths of all partners. McLaren Automotive has an exceptional reputation for building the world’s finest engines, as showcased by our M838T and its previous category wins in the International Engine of the Year awards. We will continue to independently design and build our own engines, and the benefits of this project will help us accelerate the development of our next generation of powertrain, as confirmed in our recently-announced Track22 business plan.’

About McLaren Automotive:

McLaren Automotive is a British manufacturer of luxury, high-performance sports and super cars, located at the McLaren Technology Centre (MTC) in Woking, Surrey. For the past 30 years, McLaren has pioneered the use of carbon fibre in vehicle production and since introducing a carbon chassis into racing and road cars with the 1981 McLaren MP4/1 and 1993 McLaren F1 respectively, McLaren has not built a car without a carbon fibre chassis.

Following the global launch of McLaren Automotive in 2010, the groundbreaking 12C was revealed in 2011, the 12C Spider in 2012, and the limited-run McLaren P1™ went into production in 2013. In keeping with its plan to introduce a new model each year, the company unveiled the 650S, in Coupé and Spider form in 2014, while 2015 proved to be a year of unprecedented growth of the product portfolio with five new models launched across the full range. The strictly limited edition 675LT Coupé premiered at the Geneva Motor Show alongside the track-only McLaren P1™ GTR which, with 1,000PS, became the most powerful model ever produced by the brand. The much-anticipated Sports Series became the third – and final – model tier in the McLaren range with the 570S Coupé and 540C Coupé debuting in New York and Shanghai respectively, less than one month apart. The end of 2015 saw the launch of the fifth model, the 675LT Spider, which was as a direct response to customer demand. The year also saw the end of production for the first model in the Ultimate Series as the 375th McLaren P1™ was completed, closing what had become a defining year for the British brand. 2016 continued where 2015 had left off with the introduction of the 570GT – a second bodystyle for the Sports Series and the most luxurious car McLaren has ever built, as well as the 570S GT4 and 570S Sprint track variants. 2016 also marked the introduction of the company’s new business plan, Track22, which sees the company investing £1B in Research and Development to deliver 15 all new cars or derivatives by the end of 2022, of which at least 50% will feature hybrid technology. The uplift in sales in 2016 also saw the launch of the second shift at the McLaren Production Centre as well as the company’s third year of profitability in just six years of trading.

McLaren Automotive Partners

To support the development, engineering and manufacture of its range of innovative and highly acclaimed sports cars, McLaren Automotive has partnered with world leading companies to provide specialist expertise and technology including, AkzoNobel, Pirelli and SAP.

Source: cars.mclaren.press

BMW 740e iPerformance hybrid saloon announced

The sedan can travel up to 30 miles in pure electric mode. The post BMW 740e iPerformance hybrid saloon announced appeared first on RushLane.

via BMW 740e iPerformance hybrid saloon announced — RushLane

BMW G310R’s website goes live, India not listed

India will be the manufacturing base for the motorcycle though. It was shown at the 2016 Auto Expo, spied testing on Indian roads, confirmed to be launched in India in October this year, and yet when the global website for the BMW G310R model went online recently, India wasn’t listed as one of the markets.…

via BMW G310R’s website goes live, India not listed — Indian Autos blog

BMW announces partnership with Intel and Mobileye to help develop autonomous technology in its cars

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BMW has been developing autonomous car tech for the past several years, most of which can now be seen on the current-gen 7-series sedan. But now, the German automotive marque has decided to develop a fully-autonomous vehicle, which will be introduced by the year 2021. In order to achieve this goal, BMW has joined hands with the artificial intelligence and IT service provider – Intel, and an autonomous monitoring system development company – Mobileye.

BMW has chalked-out a multi-stage plan in the journey to develop a fully-autonomous vehicle. The automaker, along with Intel and Mobileye, will be working on different levels of vehicular automation. Under Level 3, the driver would be able to give the driving control to the car in certain situations, like while driving on the highways. Level 4 will include the car taking control in extreme weather conditions, while Level 5 will handle all autonomous functions, which include drop-off, pick-up and self-parking capabilities without any driver intervention.

BMW plans to earn most of their revenue by offering rides in these autonomous vehicles, rather than selling the cars to individuals. The company also hopes to establish an open platform for the autonomous vehicle technology, so that other manufacturers can use BMW’s learnings and technologies to build their own cars.

Source: ZigWheels