Samsung to invest in connected cars

The South-Korean technology company Samsung (005930) has announced it will invest in connected cars and AI via its new 300 million dollars tech fund. Samusung made the announcement during the International Motor Show in Frankfurt last week.

According to the company the new fund, part of the Harman International company, will focus on smart sensors, connected solutions and security.  A big part will also be advanced driver assistance services (ADAS). Harman company is known for its navigation services and onboard entertainment systems. The company was bought by Samsung with 8 billion dollars in 2016.

Samsung has also announced that it will start to test autonomous driving in California and Korea.

Tech

BNEF: Sales of electric cars to 3 million by 2021

According to Bloomberg New Energy Finance´s (BNEF)  new study the electric car markets will grow faster than earlier expected. The forecast shows EV sales worldwide growing steadily in the next few years, from the record 700,000 seen last year to 3 million by 2021. 

The general finding is that EVs will not just have lower lifetime costs, but will also be cheaper to buy than internal combustion engine cars in most countries by 2025-29. This is because of tumbling battery prises.

Electric vehicles will make up the majority of new car sales worldwide by 2040, and account for 33% of all the light-duty vehicles on the road, according to the study.

It also confirms the recent announcements from car manufacturers related to electric cars. For example Volvo released their commitment to electric cars a couple of weeks ago saying that they will focus on hybrid or totally electric cars from 2019 onwards. The first totally electric Volvo-cars will be build in China, but later on also in Europe and  the US.

robots Tesla

Picture: Robots in Tesla factory. The new Tesla Model 3 was ready from the production line in California on Monday this week.

By 2040, EVs will be displacing 8 million barrels of transport fuel per day and adding 5% to global electricity consumption.

According to the study, since 2010, lithium-ion battery prices have fallen 73% per kWh. Manufacturing improvements and more than a doubling in battery energy density are set to cause a further fall of more than 70% by 2030.

Business Tech

Hyperloop One offering 9 potential routes in Europe

Hyperloop One is offering 9 potential routes in Europe for more efficient, greener and on-demand transportation. The company unveiled its plans in a conference in Amsterdam yesterday.

According to the company press release,  these nine potential European routes will connect over 75 million people in 44 cities, spanning 5000 kilometers and connecting the entire continent.

The proposed routes would greatly reduce passanger and cargo transport times across some of the continent´s most heavily trafficked regions. The routes include: Germany, Estonia-Finland, Spain-Morocco, Corsica-Sardinia, the Netherlands, Poland, UK Scotland-Wales, UK Northern Arc and UK North-South Connector.

With Hyperloop One, passangers and cargo are loaded into a pod and accelerated gradually via electric propulsion through a low-pressure tube. With this magnetic levitation the pod glides at airline speed for long distances, curbing emissions and fuel consumption at the same time.

Business Tech

Tag Heuer and 20th Century Fox collaborate in Kingsman

KingsmanTagOneShe_Ref103_2TAG Heuer, part of LVMH Group (MC:FP), has announced a global partnership with MARV films and 20th Century Fox in the upcoming new film from acclaimed director Matthew Vaughn, Kingsman: The Golden Circle, in cinemas worldwide on September 22, 2017. TAG Heuer’s Connected Smart Watch is the Official Watch of The Kingsman.

In the new film, the Kingsman agents will all be fitted with TAG Heuer watches. According to the Tag Heuer CEO Jean-Claude Biver,  Kingsman means explosions, action, laughter, and, of course, elegance.

Director Matthew Vaughn added: “For Kingsman: The Golden Circle, we needed a smart watch for our agents. We looked at the different options available, but none of them were elegant enough for a Kingsman. Then I saw an interview on Bloomberg TV with Jean-Claude Biver about his connected watch, and it became immediately obvious; the Kingsman agents would wear the TAG Heuer Connected.”

See the trailer for Kingsman: The Golden Circle:

Lifestyle Tech Travel

Siemens: Energy blockchain trading piloting in New York

23022011094

One of the largest engineering and manufacturing companies Siemens (SIE:GR)  is piloting a blockchain energy trading in Brooklyn, New York. According to company, this is a small scale pilot and the aim of this is to find how energy trading is working between communities.

– We are experimenting this new method of energy trading. We see that this will be one of the future trends in the energy sector and the way people can themselves trade energy as part of climate awareness, says Siemens Director of Smart Cities Julie Alexander to ComteamPUBplus.

In that project, neighbors with and without photovoltaic systems, are buying and selling solar power from each other on a blockchain platform that automatically documents each transaction. If Hurricane Sandy should hit again, this isolated network would operate self-sufficiently. This renewable energy project is a pioneer in the movement toward a distributed energy supply system. Siemens is partnering with a local start-up company called LO3 Energy in that project.

This kind of peer-to-peer business deal is very cost efficient and has great potential.  According to Coimarketcap, the total value of the assets being administered via blockchain all over the world is 1,6 billion dollars.

– The energy markets are evolving with new cap and trade -markets for example in Tokyo, Japan and Ontario, Canada. And energy companies are building Smart Grids and new kinds of energy storage and are entering the market with electric cars markets and renewable energy solutions for customers. The big players, which we share,  in the energy markets are  for example Microsoft (MSFT:US), SAP (SAP:GR) and IBM (IBM:US). We all are working with the data related to the energy sector, Julie says.

Customers can have different kind of financing possibilities for new energy efficiency investment, but according to Julie customers are not always aware of financial instruments such as Green Bonds.

According to latest statistics the Green Bonds Markets have increased by 17 percent in the first quarter of  2017 compared with year ago. The issuance was nearly 30 billion dollars and the expectance for this year is 120 billion dollars.

Siemens market value is 113 billion dollars and the company is investing in digitalisation of the manufacturing industries, healthcare and the infrastructure sectors. The company  is listed in Frankfurt, Xetra.

Business Tech

Apple building closed-loop supply chain

 

Apple (AAPL:US) is building a closed-loop supply chain in order to minimize the impact in environment. According to the company Environmental Report 2017 ” we’re going deeper to pioneer a closed-loop supply chain, where products are made using only renewable resources or recycled material to reduce the need to mine materials from the earth. ”

This statement also highlights the need to decrease the use of conflict minerals in the mobile phones & devices production. Apple´s total greenhouse gas emissions last year were 29,5 millions, 77 % was from manufacturing, and the carbon emission per product has decreased to 97 kg versus 137 kg in 2011.

Apple is investing in green data centers and the company can say that all iMessages, Facetime and Siri are run by renewable energy. And the same target is with the real estate investments & projects.

Accordign to the Report, Apple Park, the new corporate headquarter, is on track to be the largest LEED Platinum–certified building in North America. Over 80 percent of the new campus is open space with more than 9000 drought-tolerant trees and it is operated by renewable energy.

– We’re pushing our manufacturing partners to join us in the fight against climate change. Seven major suppliers have now pledged to power their Apple production entirely with renewable energy by the end of next year, the company reported.

Partners committed to 100 percent renewable energy for Apple production by 2018  are: Biel Crystal Manufactory Ltd. • Catcher Technology • Compal Electronics • Ibiden • Lens Technology • Solvay Specialty Polymers • Sunwoda Electronics

 

 

 

Business Tech

The US Smartwatch markets to get new devices

The smartwatch industry seems to be growing in the US. Two companies have launched new devices to consumers in recent weeks. And for example Apple ((AAPL:US) and Nike (NKE:US) have announced their new model called NikeLab, which sales will start next week in the Nike´s webstore.

The Chinese ZTE smartwatch Quartz is available from the third largest operator, T-Mobile in the US. The smartwatch is powered by Android Wear 2 & Qualcomm Wear 2100 platform. According to the company release, consumers can connect virtually when they like and where they like, while the smartwatch is operating all time in the T-Mobile network. This smartwatch is available from the T-Mobile stores from tomorrow on and the pricing is just under 200 dollars.

Verizon (VZ:US), the US telecom company, has launched an exclusive smartwatch called Wear 24. And it can be used apart from the smartphone like the ZTE´s rival. This smartwatch costs 299 dollars and 349,99 dollars without the contract. The Verizon Wear has different colors ranging from stainless steel to rose gold. This model also includes Android Pay.

Verizon released also its first quarter results today.  – Our first-quarter results again demonstrated that customers value a high-quality network experience,” said Chairman and CEO Lowell McAdam.

– To build on our loyal customer base and the third-party recognition we have received for network leadership, we extended our wireless and fiber network capabilities, began offering an unlimited pricing option and expanded our opportunities in new markets. We’re executing on strategies to capture future growth and create long-term shareholder value, he said in the statement.

In the financial markets analysts are expecting some kind of M&A deal with for example Comcast, Disney or CBS. Verizon has said it is open to talks with them according to Bloomberg News. If there would be some kind of a merger, it would change the landscape of media and telecom companies in the US totally. The market value of Verizon is about 197 billion dollars.

Business Tech