Highlights with EIIR (Pareekh) Point of View (POV)
Volkswagen Group and Xanadu establish quantum simulation program for battery materials. Accurate and efficient simulation of battery materials is an industry-wide challenge that could benefit from the arrival of fault-tolerant quantum computers.
EIIR POV: Quantum computing usecases are emerging in automotive industry.
LTTS inaugurates ER&D Center in Toronto which will focus on developing digital solutions for the transportation sector including railway engineering, for a global aerospace & rail major. The area of specialization would cover rail track defect detection,
EIIR POV: Engineering services providers are investing in nearshore R&D centers.
LTTS has opened a new campus in Mysuru, catering to the design and development of embedded solutions, digital products, and software engineering. LTTS has plans to hire over 1,000 engineers in Mysuru over the next two years.
EIIR POV: Indian engineering service providers are augmenting their presence in Indian tier2/ 3 cities to reduce operational cost and attract wider talent pool.
FEV and Mitsubishi are combining their industrial material capabilities, industry expertise and network with the formation of Beyond Materials. The JV establishes a specialized strategy and engineering service provider advising and supporting material s
EIIR POV: Specialized R&D consulting is the need of the industry which engineering service providers can provide with collaboration with ecosystem partners.
Ceer, the first Saudi electric vehicle brand, is launched. It is a JV between Saudi Public Investment Fund (PIF) and Foxconn.
EIIR POV: Localization in automotive indusutry. Local automative and EV brands are emerging in many countries.