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Seoul, Global fabrication capacity for 200-millimeter wafers is forecast to jump 14 per cent over the next three years, a report showed on Thursday, as demand for chips used in electric vehicles (EVs), in particular, is sharply rising. "The development of powertrain inverters and charging stations for EVs in particular is expected to fuel increases in global 200mm wafer capacity, as EV adoption continues to rise," according to the 200mm <keyword id="18943431" type="General" weightage="50" keywordseo="fab-outlook" source="Orion">Fab Outlook</keyword> to 2026 report, published by SEMI, a global industry association representing some 3,000 electronics design and manufacturing companies worldwide. "The global <keyword id="581400" type="General" weightage="20" keywordseo="semiconductor-industry" source="Orion">semiconductor industry</keyword>'s ramp to record 200mm fab capacity highlights the bullish expectations for growth in the automotive market in particular," SEMI President and CEO Ajit Manocha said. "While automotive chip supply has stabilised, the increased chip content in EVs and the drive to reduce charging time is spurring capacity expansions," he added, reports Yonhap news agency. SEMI said fab capacity for automotive and power <keyword id="145965" type="General" weightage="20" keywordseo="semiconductors" source="Orion">semiconductors</keyword> was likely to grow 34 percent by 2026, followed by microprocessor and microcontroller units at 21 percent and micro-electromechanical systems at 16 percent. Semiconductor manufacturers, like <keyword id="18943432" type="General" weightage="20" keywordseo="bosch-fuji-electric" source="Orion">Bosch, Fuji Electric</keyword>, <keyword id="176195" type="General" weightage="20" keywordseo="infineon" source="Orion">Infineon</keyword> and <keyword id="6427662" type="General" weightage="50" keywordseo="mitsubishi" source="Orion">Mitsubishi</keyword>, are all ramping up their 200mm capacity projects to meet future demand, SEMI said. 200mm wafers, also known as 8-inch wafers, were once seen as outdated compared to bigger wafers like 300mm. But the 200mm market rebounded in 2020, as demand surged for analog, display drivers and power management ICs chips, which are produced in 200mm fabs.

200mm fab capacity to reach record high due to automobile chip boom

New Delhi, <keyword id="20643931" type="General" weightage="20" keywordseo="tvs-mobility" source="keywords">TVS Mobility</keyword> on Monday said it has formed a joint venture with the Japanese conglomerate Mitsubishi Corporation to establish a comprehensive vehicle mobility ecosystem in <keyword id="19895063" type="General" weightage="20" keywordseo="india" source="keywords">India</keyword>. As part of the collaboration, Mitsubishi Corporation will initially invest Rs 300 crore with both parties committed to support the growth of the joint venture. This investment is intended to propel both the parties' vision in relation to vehicle ownership in passenger cars, commercial vehicles and material handling equipment (MHE), <keyword id="20036540" type="General" weightage="20" keywordseo="tvs" source="keywords">TVS</keyword> Mobility said in a statement. The business model will have the potential to achieve USD 2 billion revenue in the next 3-5 years' time, it added. With this, the dealership business of TVS Mobility will transform into TVS Vehicle Mobility Solution (TVS VMS) offering a complete portfolio of services to its customers. "TVS Mobility, had pioneered the sales, service and distribution of vehicles market through its dealership business in India. This collaboration with MC will enable TVS to provide a range of solutions to the entire vehicle mobility ecosystem," TVS Mobility Director R Dinesh said. After providing integrated and digital platforms for the independent aftermarket, the vehicle mobility business will provide digitally-enabled solutions to customers, be it enterprises, corporates or fleet owners, he added. The partners would also expand partnership with vehicle manufacturers to provide integrated solutions across vehicle sales, operating of vehicles and Vehicle-as-a-Service solutions, Dinesh said. To gain a downstream foothold in the rapidly growing Indian market, Mitsubishi Corporation has been fostering its relationship with TVS Mobility group including the investment in the after-sales services provider TVS Automobile Solutions (TASL), Mitsubishi Corporation CEO of Automotive and Mobility Group <keyword id="20643932" type="General" weightage="20" keywordseo="shigeru-wakabayashi" source="keywords">Shigeru Wakabayashi</keyword> said. "The latest investment in the multi-brand dealer TVS VMS widens company's investment coverage through enhanced service capabilities even further and should propel its aim to develop comprehensive mobility solutions spanning not only after-sales services and multi-brand sales, but also vehicle-as-a-service model, and other automotive operations," he added. SEE ALSO:<a href="https://www.businessinsider.in/business/auto/news/ola-electric-cuts-prices-of-scooters-to-compete-with-ice-two-wheelers/articleshow/107816897.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/news/ola-electric-cuts-prices-of-scooters-to-compete-with-ice-two-wheelers/articleshow/107816897.cms" target="_blank">Ola Electric cuts prices of scooters to compete with ICE two-wheelers</a><a href="https://www.businessinsider.in/tech/news/fire-boltt-noise-lead-indias-wearable-market-growth-which-sees-a-34-spike/articleshow/107813888.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/news/fire-boltt-noise-lead-indias-wearable-market-growth-which-sees-a-34-spike/articleshow/107813888.cms" target="_blank">Fire Boltt, Noise lead India’s wearable market growth which sees a 34% spike</a><a href="https://www.businessinsider.in/careers/news/india-incs-wage-bill-growth-halves-in-q3-close-to-decadal-lows/articleshow/107815116.cms" target="_blank"></a> <a href="https://www.businessinsider.in/careers/news/india-incs-wage-bill-growth-halves-in-q3-close-to-decadal-lows/articleshow/107815116.cms" target="_blank">India Inc’s wage bill growth halves in Q3, close to decadal lows</a>

TVS Mobility forms JV with Mitsubishi Corp for comprehensive vehicle mobility ecosystem in India

<keyword id="201507" type="General" weightage="100" keywordseo="mitsubishi-electric" source="Orion">Mitsubishi Electric</keyword> Corporation on Tuesday said it will invest about ₹220 crore (3.1 billion yen) in its Indian subsidiary to set up a new factory near <keyword id="2094" type="General" weightage="20" keywordseo="pune" source="Orion">Pune</keyword> in Maharashtra. Its subsidiary <keyword id="2867860" type="General" weightage="50" keywordseo="mitsubishi-electric-india" source="Orion">Mitsubishi Electric India</keyword> will manufacture inverters and other factory automation (FA) control system products, said a statement from the Japanese manufacturer of electrical and electronic products. The factory is expected to start operations in December 2023 and would expand the company's capabilities to meet the growing demand in <keyword id="3658" type="General" weightage="50" keywordseo="india" source="Orion">India</keyword>, it added. "The rapidly <keyword id="3111611" type="General" weightage="20" keywordseo="growing-Indian-market" source="Orion">growing Indian market</keyword> is expanding at an annual rate of about 8 per cent mainly in industries such as automobiles, food &amp; beverage, pharmaceuticals, data centres, and textiles, with further market expansion expected in the future," it said. The new two-floor, 15,400 square-metre factory will be built on 40,000 square metres of land near Pune. "....(it) will help expand Mitsubishi Electric's <keyword id="10687216" type="General" weightage="20" keywordseo="production-capabilities" source="Orion">production capabilities</keyword> to meet local demand for products, and also contribute to the Make in India initiative promoted by the Indian government," the statement said. In addition, the facility will incorporate various features aiming to achieve carbon neutrality by reducing carbon dioxide emissions by using highly efficient air conditioning systems and LED lighting equipment. It will also meet sustainable development goals (SDGs) by reusing wastewater through underground filtration treatment and greening. Mitsubishi Electric India is in the business of "development, manufacture, sales and after-sales service of FA control system products, sales and after-sales services for air conditioners, semiconductors; manufacture, sales and after-sales service of electrical products for railway vehicles. Headquartered in <keyword id="4741" type="General" weightage="20" keywordseo="tokyo" source="Orion">Tokyo</keyword>, Mitsubishi Electric Corporation is a world leader in electrical and electronic equipment used in information processing and communications, space development and satellite communications, consumer electronics, industrial technology, energy, transportation and building equipment. The company had recorded a revenue of 4,476.7 billion yen (USD 36.7 billion) in the fiscal ended March 2022. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="http://www.businessinsider.in/business/corporates/news/paytm-could-be-entering-a-low-cost-high-profit-margin-regime-say-a-brokerage-firm/articleshow/92054964.cms">PayTM could be entering a low cost-high profit margin regime, say a brokerage firm</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="http://www.businessinsider.in/science/health/news/what-is-norovirus-infection-check-out-causes-symptoms-and-prevention/articleshow/92052855.cms">Norovirus detected in Kerala — here’s all you need to know about the virus</a>

Mitsubishi Electric to invest ₹220 crore to set up factory in Maharashtra

<ul><li>A total of 75 component makers have been approved by the government for incentives under the auto component PLI scheme.</li><li>Maruti Suzuki, Hero MotoCorp, Toyota, Motherson Sumi are among companies that have been approved for the scheme.</li><li>Auto company shares were among the outliers performing well in the weak market on Tuesday.</li></ul>About 75 auto component makers have been approved by the government for incentive under the production linked incentive (PLI) scheme. Maruti Suzuki, Hero MotoCorp, Toyota, Motherson Sumi, Bosch, Mitsubishi Electric and Tata Autocomp are among the list of companies that have been approved for the scheme. PLI is a form of incentive from one entity to another, such as from the government to industries. It provides incentives to domestic industries to boost local production. The auto PLI scheme is aimed at giving a push to advanced automotive technologies and manufacturing of electric vehicles in India. The government said that the PLI scheme for the auto sector envisages to overcome the cost disabilities of the industry for manufacture of advanced automotive technology products in India. The incentive structure will encourage industry to make fresh investments for indigenous global supply chains of advanced automotive technology products. Reportedly over 100 companies had applied for the PLI scheme. A report by CNBC-TV18 said that incentives in the range of 8-13% would be given to companies that are making components for safety, flex fuels, compressed natural gas (CNG), liquefied natural gas (LNG), emission control, passenger convenience, fuel efficiency, and sensors, while a higher range of incentives — 13 to 18% would be given to companies making components for hydrogen and electric vehicles. While the market remained under pressure due to high inflation and geopolitical tensions, shares of automobile companies were trading higher on March 15. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Auto companies </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">% change as of 2:15 p.m. </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Maruti Suzuki </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">+2.40% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Ashok Leyland </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">+2.24% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Mahindra &amp; Mahindra </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">+2.20% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Balkrishna Industries </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">+1.66% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">TVS Motor </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">+0.31% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Tata Motors </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">+0.24% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Bharat Forge </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">+0.31% </td></tr></tbody></table> What is Government PLI Scheme PLI is a form of incentive from one entity to another, such as from the government to industries. It provides incentives to domestic industries to boost local production. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/zerodha-founders-and-boats-aman-gupta-others-invest-150-million-in-licious/articleshow/90220096.cms">Zerodha founders, BoAt’s Aman Gupta and others invest $150 million in Licious</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/how-to-apply-for-latest-ruchi-soya-fpo/articleshow/90218887.cms">Ruchi Soya FPO – All you need to know about FPOs and how to apply</a>

Auto stocks turn outliers in a weak market as government approves 75 auto firms for PLI scheme

How Chinese EV makers are slowly taking over the world

<ul><li><keyword id="14074636" type="General" weightage="20" keywordseo="StrideOne" source="Orion">StrideOne</keyword>, which recently raised ₹250 crore as both equity from Elevar Equity and debt from banks, hopes other startups would follow its example.</li><li>The tech-powered digital lender which received its <keyword id="7882527" type="General" weightage="20" keywordseo="NBFC-license" source="Orion">NBFC license</keyword> last year, believes that the time is ripe for their debt-based solutions.</li><li>“When there is concentration of equity around all the time, that’s what is running in their minds all the time. It will create a large awareness of debt products,” <keyword id="14134418" type="General" weightage="20" keywordseo="Abhinav-Suri" source="Orion">Abhinav Suri</keyword>, the co-founder of StrideOne.</li></ul>While most startups are feeling the heat of a funding winter, Delhi-based startup StrideOne sees an opportunity to tap an ecosystem largely untouched by traditional finance. The tech-powered digital lender which received its NBFC license last year, believes that the time is ripe for their debt-based solutions as capital is expected to remain scarce for the next three-four quarters. “This ripple effect (of a funding slowdown) will be felt across the startup ecosystem. We are a startup focussed institution and this provides us with an opportunity to offer our off-balance sheet solutions to them,” <keyword id="13803875" type="General" weightage="20" keywordseo="Ishpreet-Singh-Gandhi" source="Orion">Ishpreet Singh Gandhi</keyword>, co-founder, StrideOne told Business Insider India. The end-to-end digital solutions company also acquired EdCred platform, a SaaS company to improve its technology capabilities which will allow them to grow without hiring more people. “We want to remain unit positive,” said Abhinav Suri, co-founder, StrideOne — which recently raised ₹250 crore as both equity from Elevar Equity and debt from banks. It expects other startups to follow their example. “Some startups also do not want to raise equity at the current valuations but also intend to keep on building the mindspace for their products,” explains Gandhi, who is a former banker like his co-founder Suri. StrideOne is also at an inflection point where startups might beckon an era of debt. “When there is concentration of equity around all the time, that’s what is running in their minds all the time. It will create a large awareness of debt products,” says Suri. <cmsannotation type="cmsannotation" annotationid="Paying influencers, FPOs and drivers" comment="subhead" text="Paying influencers, FPOs and drivers">Paying influencers, FPOs and drivers</cmsannotation> Gandhi and Suri are keen on funding companies such as themselves who are unit positive and intend to keep creating value even in a low-capital regime. Yet, their ‘solutions’ are nothing like straight loans offered by banks. One of their clients is a logistics company with top-tier clients like JSW Steel and Amazon. They need to pay their drivers every month but get paid every 60 days. StrideOne offers solutions that aid the startup like working capital loans but also help them collect from their clients. MyGlamm is yet another client of theirs which needs to pay its many influencers every month, and StrideOne eases the way their cash flow works and allows a growing company such as them to keep growing. Since it is MSME and agritech focussed, StrideOne is also helping many unorganized players into the formal economy. “We are working with the silk value chain, and also FMCG players - startups whose vendors go all the way back to farmers producer organizations or FPO who become our borrower,” explains Suri. Since StrideOne was floated by <keyword id="14134419" type="General" weightage="20" keywordseo="Strides-Ventures" source="Orion">Strides Ventures</keyword>, a venture debt fund — it already has access to a pool of startups in need of specialized financing solutions. “They are plugged into the startup ecosystem which pretty much provides them with zero acquisition cost where they are solving a problem and not pitching sales to them,” says Jyotsna Krishnan, managing partner at Elevar Equity. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="http://www.businessinsider.in/business/news/mitsubishi-electric-to-invest-220-crore-to-set-up-factory-in-maharashtra/articleshow/92054968.cms">Mitsubishi Electric to invest ₹220 crore to set up factory in Maharashtra</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="http://www.businessinsider.in/business/corporates/news/paytm-could-be-entering-a-low-cost-high-profit-margin-regime-say-a-brokerage-firm/articleshow/92054964.cms">PayTM could be entering a low cost-high profit margin regime, say a brokerage firm</a>

This startup has a solution for other startups suffering from funding slowdown

Here's what you need to know before the <keyword id="31671" type="CITY" weightage="100" keywordseo="markets">markets</keyword> open.1. <a href="https://markets.businessinsider.com/news/stocks/stocks-market-news-drop-after-fed-predicts-bleak-future-jobs-2020-6-1029299798">Global stocks plunge after the Fed predicts a bleak future for jobs and the US economy.</a> In the US, futures underlying the Nasdaq, S&amp;P 500 and Dow Jones are set to fall between 1.3% and 2.1%. Major European indexes are down more than 2%, while in Asia, the Nikkei was down 2.8%, Hong Kong's Hang Seng was down 2.3% and the Shanghai Composite dropped 0.8%. <a href="https://markets.businessinsider.com/news/stocks/carl-icahn-blasted-occidental-petroleums-warren-buffett-deal-again-2020-4-1029131899"></a>2. <a href="https://markets.businessinsider.com/commodities/news/oil-price-reaction-investors-fear-a-second-wave-covid-19-2020-6-1029299936">Oil dives 3% as investors fear a second wave of coronavirus and the US reports surging crude inventories.</a> Oil prices dropped on Thursday as fears resurfaced that a second wave of coronavirus could hit the US and stunt economic activity, while data showing that US oil inventories surged last week also subdued prices.3. <a href="https://markets.businessinsider.com/news/stocks/stocks-could-tank-10-percent-pandemic-fallout-revealed-peter-boockvar-2020-6-1029299872">Stocks could tank more than 10% when the pandemic's true cost is revealed, the boss of a $4.5 billion wealth manager says</a>. Stocks have shrugged off slowing US growth and surging unemployment to <a href="https://markets.businessinsider.com/news/stocks/nasdaq-hits-10000-first-time-ever-tech-shares-rally-stocks-2020-6-1029294365?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">post fresh highs</a> in recent weeks, but wealth manager Peter Boockvar thinks a big fall could be on its way.4. <a href="https://www.businessinsider.com/lloyds-bank-fined-81-million-for-mortgage-arrears-failures-2020-6?r=US&amp;IR=TIR=T">Lloyds Bank fined $81 million for mortgage arrears failures.</a> Britain's Financial Conduct Authority said on Thursday it has fined Lloyds Bank £64 million ($81.26 million) for failures in handling mortgage arrears.5. <a href="https://www.businessinsider.com/mitsubishi-electric-to-acquire-plant-from-sharp-to-boost-ev-power-chip-output-2020-6?r=US&amp;IR=TIR=T" target="_blank" rel="noopener noreferrer">Mitsubishi Electric to acquire plant from Sharp to boost EV power chip output</a>. Japan's Mitsubishi Electric Corp said on Thursday it would buy part of a plant in western Japan from Sharp Corp to meet growing demand for power management chips used in electric vehicles6. <a href="https://www.businessinsider.com/softbank-buyback-puts-financial-rigor-in-question-says-sp-2020-6?r=US&amp;IR=TIR=T">SoftBank buyback puts financial rigour in question, says S&amp;P.</a> Credit-rating firm S&amp;P Global Ratings on Thursday questioned SoftBank Group Corp's financial discipline as the tech conglomerate pursues a massive 2.5 trillion yen ($24 billion) share buyback program in volatile markets.7. <a href="https://www.businessinsider.com/chinese-smartphone-brands-in-india-turn-to-expensive-imports-as-plants-struggle-sources-2020-6?r=US&amp;IR=TIR=T">Chinese smartphone brands in India turn to expensive imports as plants struggle: sources.</a> China's Xiaomi Corp and Oppo are importing some smartphone models into India as their local plants struggle to get back to production levels needed to meet demand that built up during lockdown, sources familiar with matter said.8. <a href="https://www.businessinsider.com/aclu-calles-amazon-blanket-ban-rekognition-sales-2020-6?r=US&amp;IR=TIR=T">The ACLU says Amazon's 1-year suspension on selling facial recognition to law enforcement falls short and it wants a longer ban.</a> Amazon took an unusual step on Wednesday, recusing itself temporarily from the facial recognition market.9. <a href="https://markets.businessinsider.com/earnings-calendar?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">First-quarter earnings coming in</a>. PVH Corp and Lululemon Athletica are coming in. 10. <a href="https://markets.businessinsider.com/economic-calendar?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">Economic data releases today</a>. US EIA Natural Gas Storage Change, and a US four-week Treasury auction is due.

10 things you need to know before the opening bell

Welcome to <keyword id="34991" type="UNKNOWN" weightage="60" keywordseo="transportation">Transportation</keyword> &amp; Logistics Briefing, a new morning email providing the latest news, data, and insight on how digital technology is disrupting transportation and delivery, produced by BI Intelligence.<a href="http://www.businessinsider.com/intelligence/top-5-disruptive-trends-shaping-transportation-and-logistics?IR=T&amp;utm_source=businessinsider&amp;utm_medium=content_marketing&amp;utm_term=content_marketing_subscription_text_link_transportation-and-logistics-briefing-gms-first-self-driving-car-model-new-regulatory-guidelines-for-self-driving-cars-thermal-sensors-for-fully-driverless-vehicles-2017-9&amp;utm_content=content_marketing_subscription_text_link&amp;utm_campaign=content_marketing_subscription_link&amp;vertical=transportation">Get the free Top 5 Disruptive Trends Shaping Transportation &amp; Logistics report and start receiving our brand new Transportation &amp; Logistics newsletter.</a>Have feedback? We'd like to hear from you. Write me at: <a href="mailto:jcamhi@businessinsider.com">jcamhi@businessinsider.com</a>.RUMORS SWIRL AROUND NEW INVESTMENTS IN UBER AND LYFT: Last week, multiple media outlets reported ongoing discussions Uber and Lyft are each having with new investors at a pivotal moment in their competition. <ul><li>Japanese tech conglomerate SoftBank, US investment firm Dragoneer, and Chinese ride-hailing giant Didi Chuxing are working on finalizing a major investment in Uber through a new joint venture, Tech Crunch <a href="https://techcrunch.com/2017/09/13/softbank-dragoneer-didi-close-to-finalizing-investment-in-uber/">reported</a>. The group - led by SoftBank - is looking to invest as much as $10 billion into Uber, which would be the largest investment in the ride-hailing company to date. The deal would involve both a direct investment in Uber, and a purchase of shares from existing investors and employees. However, SoftBank is reportedly looking to buy shares from investors and employees at a 30% discount from Uber's most recent valuation of $70 billion, <a href="https://www.wsj.com/articles/uber-shareholders-divided-over-softbanks-investment-offer-1505409810">according to</a> The Wall Street Journal. It's unclear if investors and employees are willing to part with their shares at that discount. Additionally, existing shareholders have reportedly expressed concern that such a discount could devalue Uber as it gears up for an IPO by 2020. SoftBank has already invested in several other ride-hailing firms, including Didi, as well as Ola and Grab, which compete head-to-head with Uber in India and Southeast Asia, respectively.</li><li>Meanwhile, Lyft is reportedly <a href="https://www.axios.com/google-in-talks-to-invest-in-lyft-2485369946.html">in talks</a> with Google's parent company Alphabet to inject a $1 billion investment in the ride-hailing player. The investment negotiations follow the <a href="http://www.businessinsider.com/lyft-moves-into-driverless-cars-with-new-division-and-building-2017-7">announcement</a> earlier this summer that Waymo, Google's self-driving spinoff, would partner with Lyft on developing autonomous technology. Google was also an early investor in Uber, but the two are now in the midst of a drawn-out <a href="http://www.businessinsider.com/r-update-1-ubers-bid-to-move-waymo-court-fight-to-arbitration-denied-by-appeals-court-2017-9">legal battle</a>. </li></ul>Uber's recent scandals and leadership troubles have given Lyft's business a significant boost in recent months. Uber's share of the US ride-hailing market fell from 84% at the beginning of this year to 77% at the end of May, <a href="https://www.ft.com/content/b4fb76a6-52dd-11e7-bfb8-997009366969">according to</a> Second Measure, which analyzes anonymized credit card data. Meanwhile, Lyft booked more total rides in the first half of this year than in all of last year. It also grew its gross bookings by 25% sequentially in Q2, compared to Uber's 17% growth in the quarter.New funding could help Uber achieve its twin goals of both defending market share and cutting its losses, while Lyft could use a cash injection to press its advantage. The two companies have relied heavily on providing discounts and incentives to attract new riders and drivers, resulting in steep operating losses for both. Uber needs to improve its balance to steer towards a potential IPO, but cutting back on new user discounts could stall growth and further Lyft's momentum. Extra cash could provide a cushion, allowing it to continue attracting new users while it fills out its rather <a href="http://www.businessinsider.com/uber-travis-kalanick-resignation-leadership-2017-6">empty</a> c-suite and formulates a strategy for long-term financial health. Lyft, meanwhile, could use new cash to expand geographically and put Uber on the defensive in more markets outside the US. Media outlets reported on Friday that Lyft plans to <a href="http://fortune.com/2017/09/14/lyft-canada-expansion/">enter</a> Canada by the end of this year, and is <a href="https://www.cnet.com/news/lyft-said-to-be-eyeing-international-expansion/?ftag=COS-05-10aaa0b&amp;linkId=42255887">exploring</a> other markets, including Australia and the UK.<div class="KonaFilter image-container display-table click-to-enlarge"><div><div class="image on-image"><a title_source="BI Intelligence" title_caption="" class="zoomin" href="https://static-ssl.businessinsider.com/image/59bc1e7038d20d2a008b6cc6-960/uber lyft rides updated logo.png"></a>BI Intelligence</div></div></div>AUTOLIV'S STRATEGY FOR THE ELECTRIC AND AUTONOMOUS AGE: Auto parts supplier Autoliv is mulling separating its electric and self-driving technology and its core safety businesses into two separate, standalone companies, according to <a href="https://www.wsj.com/articles/autoliv-considers-split-into-two-listed-companies-1505384846?mod=djemlogistics">The Wall Street Journal</a>. The firm's core safety business manufacturers parts such as seat belts and airbags, while its electric and self-driving technology arm makes radar and positioning systems for self-driving cars. The Swedish company supplies parts and components to some of the world's largest automakers, including Volkswagen and Ford. Company executives say the split would leave both groups well-positioned to maximize their revenue potential. CEO Jan Carlson argued that the move would allow the firm's electric and autonomous driving business to innovate and continue to improve its offerings without stealing too many resources from its core safety business. Further, having a business dedicated to electric and self-driving technologies might help the firm to attract top engineers and developers so it can out-innovate, and pull ahead of, competitors.That'll be valuable as growth in the electric and self-driving car market outpaces Autoliv's core safety parts market in the coming years. While industry experts <a href="https://poseidon01.ssrn.com/delivery.php?ID=25510008108711508212011212301501002301603906003901008710011509807006808902910106502201911710306100803002711211601810210409506404307507805105400500311002410309012010500307901608700808802410002212209300111">expect</a> individual car ownership to decline in the coming decades, which would cause car sales to plummet and dent Autoliv's core business, automakers are increasingly adding electric and semi-autonomous vehicles to their lineups. That trend that will only accelerate in the next few years - the head of the German automakers' lobby said last week that automakers and suppliers alone will devote about $47.6 billion for electric vehicles through 2020, and BI Intelligence forecasts that 2.4 million fully autonomous cars will be on US roads in 2025. A standalone company specifically devoted to building these technologies could allow Autoliv to capitalize on this forthcoming growth.That could also push other large auto suppliers to follow Autoliv's lead. Many other legacy automotive suppliers - including Bosch, Delphi, and Magna International - are also building technologies for electric and autonomous cars while also remaining committed to building the core legacy components that they've supplied for decades. If Autoliv indeed splits up its business and it proves to be valuable, that could prompt some of these other players to mimic the company's move.Enjoy reading this briefing? <a href="http://www.businessinsider.com/intelligence/transportation-and-logistics-briefing" target="_blank" rel="noopener noreferrer">Sign up and receive Transportation &amp; Logistics Briefing to your inbox.</a>THE BIGGEST CHALLENGE TO USING DRONES AT CONSTRUCTION SITES: Construction has been one of the foremost industries in adopting commercial drones, with the sector making up a significant <a href="http://www.constructiondive.com/news/construction-drone-use-taking-off-as-industry-scores-40-of-all-faa-exempti/417421/">portion</a> of commercial drone exemptions granted by the FAA. Drones have helped make construction sites safer by automating dangerous safety inspections, while also delivering real-time imaging that helps managers track a site's progress.Hensel Phelps, one of the largest construction management companies in the US, has used drones to improve safety and measure progress at several of its construction projects. The company has been using drones for nearly four years to survey its sites and perform safety inspections. Using drones has cut the time it takes to perform safety inspections at Hensel's sites from a week down to a matter of hours. It also takes away much of the risk of a worker getting injured in an accident while performing an inspection, which can be a dangerous task requiring inspectors to climb high scaffolding.However, regulatory requirements have posed a major challenge from the start, Richard Lopez, a virtual design and construction manager who leads Hensel Phelps' drone program, told BI Intelligence. Putting drones to use at Hensel's sites required gaining pilot certifications and <a href="https://www.faa.gov/uas/beyond_the_basics/section_333/">Section 333</a> exemptions from the FAA. It also required documenting every detail of every drone flight - including flight path, altitude, and duration - in order to show regulators that Hensel Phelps' drones were operating in full compliance with current regulations. The company partnered with Skyward, a commercial drone software and services provider acquired by Verizon earlier this year, to help plan and document all of its drone sorties. This has been vital to Hensel's drone operations - Lopez says the drone program probably would not have won approval without Skyward's tools for logging all of its drone flights.Despite proper licensing and all of the documentation Hensel and Skyward collect, compliance can still be a time-consuming and frustrating task, Lopez says. Many of Hensel's projects take place in controlled airspace. Getting permission to fly a drone around such projects can take up to 120 days, despite FAA <a href="https://www.uaslawblog.com/2015/03/10/faa-streamlines-coa-process-for-section-333-exemptions/">efforts</a> to streamline its approval processes, he reports. Additionally, Lopez says Hensel could derive more benefits from doing more drone flights during the day, but has to limit its flights to before work crews arrive for the day, or after they leave. That's because companies can't fly commercial drones over people under current regulations. While companies hope that the FAA will resolve some of these issues in updated commercial drone regulations the FAA is scheduled to release next year. However, there are growing concerns that the updates may not arrive on schedule, or may not address some of these issues, because of the intervention of law enforcement agencies.In other news…<ul><li>Renault-Nissan <a href="https://www.alliance-2022.com/news/alliance-2022-announcement/">announced</a> it will roll out 12 electric cars, 40 cars with autonomous driving technologies, and intends to become a global leader in ride-hailing services powered by autonomous cars by 2022. The company previously <a href="https://redirect.viglink.com/?format=go&amp;jsonp=vglnk_150549555939112&amp;key=5571228bb04e008b467a126d6af6bf81&amp;libId=j7m11tvn01011kx5000DAav8lkr0w&amp;loc=https%3A%2F%2Fwww.cnet.com%2Froadshow%2Fnews%2Frenault-nissan-to-start-autonomous-car-sharing-service-">said</a> it plans to launch a ride-hailing service rather than partner with an existing service, which is likely why it <a href="https://techcrunch.com/2017/01/12/karhoo-rides-again-nissanrenault-buys-failed-on-demand-ride-startup/">bought</a> the assets of failed ride-hailing startup Karhoo earlier this year. It's worth noting that these plans <a href="http://www.businessinsider.com/companies-making-driverless-cars-by-2020-2017-1/#volvo-is-aiming-to-make-its-cars-deathproof-by-2020-by-rolling-out-semi-autonomous-features-in-its-cars-eventually-working-up-to-fully-driverless-ones-6">are slightly behind</a> many other automakers' - Audi, Daimler, and Honda all plan on bringing at least partially self-driving cars to market in 2020, while Tesla may <a href="https://www.tesla.com/blog/all-tesla-cars-being-produced-now-have-full-self-driving-hardware">issue</a> an over-the-air update to make many of its cars fully autonomous as soon as next year.</li><li>Alphabet has spent more than $1.1 billion on self-driving car technologies since it started working on the technologies in 2009, according to <a href="https://spectrum.ieee.org/cars-that-think/transportation/self-driving/waymo-vs-uber-8-things-i-learned-from-anthony-levandowski-taking-the-5th">court documents</a> filed in its lawsuit against ride-hailing giant Uber. This has vaulted the company's self-driving car project, now a standalone company known as Waymo, ahead of many automakers and arch rival Uber in terms of technological progress. This sheds light on just how expensive it is to build a self-driving system, a potential barrier to startups without the cash to spend that are eyeing the space.</li><li>Mitsubishi is bringing its Fuso eCanter electric delivery trucks to the US for the first time, according to <a href="https://techcrunch.com/2017/09/14/daimlers-electric-short-haul-city-trucks-are-coming-to-the-u-s/">Engadget</a>. The Daimler-owned company will first lease the trucks to UPS and a handful of non-profits in New York City, but plans on making them available to other companies later this year. The trucks can handle a payload of up to 10,000 pounds, but can only travel for 60 miles on a single charge - which makes them ill-suited for long haul trucking, and likely too large for last-mile deliveries. Instead, the trucks are designed for inter-city deliveries of heavy goods, such as between a storage facility and a distribution center. Such local and short-haul trips make up the <a href="https://www.rita.dot.gov/bts/programs/freight_transportation/html/length_of_haul.html">majority</a> of the US trucking industry.</li></ul><div id="categorypromo"><h2><a href="http://www.businessinsider.com/intelligence/top-5-disruptive-trends-shaping-transportation-and-logistics">Click here to receive a FREE download of The Top 5 Disruptive Trends Shaping Transportation and Logistics from BI Intelligence, Business Insider's premium research service.</a></h2></div>

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