On August 24, Porsche announced that it has signed an agreement to sell its management and IT consultancy subsidiary MHP to Tata Consultancy Services (TCS). The deal marks another step in Porsche’s “Sportwagenschmiede 35” strategy.
The transaction is subject to regulatory and competition approvals and is expected to
Anhui Zhongding Sealing Parts Co., Ltd. (Anhui Zhongding) announced the launch of an AI Factory project, with Anhui Zhongding Fluid System Co., Ltd. (Zhongding Fluid) serving as the pilot, in collaboration with AI solution providers including HAND Enterprise Solutions Co., Ltd. (HAND), NVIDIA Corporation (NVIDIA), an
Robert Bosch GmbH (Bosch) announced that its subsidiary Five AI will develop a new photorealistic simulation technology in Cambridge, UK, to make autonomous vehicle development faster, safer, and less costly.
The project has received funding through the UK Government’s GBP 150 million CAM Pathfinder program, delivere
TIER IV announced on August 20 that it is collaborating with Renesas Electronics to build an open, AI-native computing platform for software-defined vehicles (SDVs). The platform will combine TIER IV’s Autoware open-source autonomous driving software and reference AI models with Renesas’ next-generation R-Car Gen 5 a
Alibaba Cloud announced the official launch of its third data center in South Korea, alongside the rollout of its Agentic AI services.
The new data center will provide enterprise-grade services such as computing, storage, networking, security, databases, containers, and cloud-native solutions. It will also deploy six
According to Beijing Volcano Engine Technology Co., Ltd (Volcano Engine) on August 12, OMODA and JAECOO, two brands under Chery Holding Group Co., Ltd (Chery Group), recently partnered with Volcano Engine to launch a new-generation Super AI Intelligent Cockpit In Indonesia, the first intelligent cockpit solution in S
Motive has launched Motive Maintenance, an AI-powered system designed to help fleets prevent breakdowns and reduce maintenance costs. The platform connects vehicle fault codes, inspections, maintenance schedules, repair workflows, and spending data in one system. AI can translate fault codes, prioritize critical issu
On August 14, TIER IV announced that it will advance research and development of a software-defined system-on-chip (SoC) for Level 4 autonomous driving. Through its participation in the Japan Science and Technology Agency’s (JST) Next-Generation Edge AI Semiconductor Research and Development Program, TIER IV will wor
HERE Global B.V. (HERE Technologies) has received the Amazon Web Services (AWS) AI Competency in the AI Software category, recognizing its technical expertise and proven customer success in developing AI-powered applications and workflows using location intelligence.
HERE Technologies integrates location data with AW
China Changan Automobile Group Co., Ltd (China Changan) announced on August 12 that it has signed a strategic cooperation framework agreement with Huawei Technologies Co., Ltd (Huawei) in Shenzhen.
Under the agreement, the two parties will further explore areas and scenarios for cooperation in AI products and applica
Guangzhou Automobile Group Co., Ltd (GAC Group) announced on August 11 that Guangdong Huilun Technology Co., Ltd (Huilun Technology), its humanoid robotics subsidiary, has completed a funding round of more than CNY 100 million. The proceeds will be used to further optimize domain-specific models, expand applications
Renesas Electronics Corporation (Renesas Electronics) announced that it will showcase solutions for embodied intelligence, industrial robots, service robots, and AI platforms at the 2026 China Embodied Intelligent Robot Industry Conference, to be held in Shanghai from August 12 to 14.
The multimodal dexterous robotic
According to multiple media reports on August 7, Beijing Yuanqi Physical Intelligence Technology Co., Ltd (Beijing Yuanqi) was established on August 5. The company is wholly owned by Beijing Automotive Group Co., Ltd (BAIC Group), with a registered capital of CNY 800 million.
Beijing Yuanqi's business scope includes
On August 6, German engineering company IAV GmbH, the General Works Council, and IG Metall agreed on a new forward-looking collective bargaining agreement. Eight general works council agreements have been finalized. This resolves the key issues surrounding employment, locations, working hours, compensation, and train
On July 31, British Business Bank invested USD 25 million into PhysicsX as part of its Series C financing. The round is led by Temasek and includes an investment from M&G Investments. PhysicsX is building the new simulation software stack for industrial engineering.
Its AI-native platform enables organisations acros
Astemo, Ltd. announced on August 5 that it has entered into a memorandum of understanding (MOU) with TIER IV, Inc. to jointly develop a next-generation development platform centered on an AI development foundation, with the aim of strengthening core technologies for next-generation driver assistance and autonomous dr
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