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Hyundai Mobis Unveils 65 Groundbreaking Technologies Driving Mobility Competitiveness

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Hosted ‘R&D Tech Day’ on the 2nd at Uiwang Research Center, showcasing 14 world-first technologies and other vital components.Focused R&D on the three pillars of electrification: ‘batteries, drive systems, and power conversion,’ enhancing flexibility to meet customer and market demands.Increased annual investment in future-oriented R&D by 15%, approaching 1.7 trillion KRW this year, with R&D personnel exceeding 7,000.

SEOUL, South Korea, Oct. 4, 2024 /PRNewswire/ — Hyundai Mobis has unveiled 65 mobility technologies slated for commercialization within the next two to three years. This milestone achievement results from concentrating this year’s record-high R&D investment of approximately 1.7 trillion KRW on electrification and electronics. Hyundai Mobis remains committed to its R&D strategy, which aims to proactively secure future competitiveness in the rapidly evolving global automotive industry.

On the 4th, Hyundai Mobis held the ‘2024 R&D Tech Day’ at its Uiwang Research Center in Gyeonggi Province, inviting major domestic media outlets. Tech Day is an event where Hyundai Mobis traditionally showcased its research and development achievements to clients every other year. This year, however, the company opened the event to external stakeholders, demonstrating its confidence in the results of its future mobility R&D development outcomes.

The Electrification Research Building, where the Tech Day was held, is a specialized research facility dedicated to next-generation electrification technologies, completed at the end of last year. It plays a pivotal role by consolidating the development of key electrification components, including R&D, testing and evaluation, and quality analysis, all under one roof.

Hyundai Mobis chose ‘Collective Inspiration’ as the theme for this Tech Day, symbolizing the integrated collaboration across all related departments in R&D to provide a comprehensive mobility integrated solution.

The exhibition featured seven themes and presented 65 key technologies in sectors such as electrification, electronics, and safety, including 14 world-first innovations. A Hyundai Mobis representative explained, “These achievements were made possible by advancing preemptive projects aligned with mobility trends, fostering a flexible R&D culture, and securing top talent through substantial investments.”

Announcement of Three Core Electrification Component R&D Strategies… Prioritizing In-House Design and Manufacturing to Lead Internationally

On the same day, Hyundai Mobis announced its three core development strategies for electrification components: drive systems, battery systems, and power conversion systems. Building on the expertise gained since developing hybrid battery systems, motors, and inverters in 2011, Hyundai Mobis aims to lead the industry with electrification solutions specialized for unit components, systems, Advanced Automotive Mobility (AAM), and robotics.

Lee Young-Kook, Vice President of Hyundai Mobis’s Electric Powertrain Engineering Division stated, “Despite external environmental changes such as the Chasm, hundreds of researchers at the Uiwang Research Center are diligently pursuing uninterrupted R&D activities,” adding, “Hyundai Mobis’s competitiveness in electrification components is recognized as top-tier by global customers, and many international clients, including those from Europe, are expected to attend this year’s R&D Tech Day.”

Among Hyundai Mobis’s three core electrification component strategies, the drive system is represented by a 3-in-1 integrated drive system combining motors, reduction gears, and inverters. Key focuses include miniaturizing the system, high-efficiency electromagnetic design, oil cooling, and power module technology. Building on this, specialized drive systems for PBVs and AAMs are also under development.

The battery system strategy emphasizes thermal management stabilization technology. The goal is to develop systems with inherent heat resistance and flame retardancy to prevent thermal transfer rather than merely delay it. Additionally, Cell-to-Pack technology, which skips the module stage to directly assemble packs from cells, is concentrating on increasing energy density. Future initiatives include next-generation battery cells and advanced technologies utilizing recycled batteries as new business ventures.

The power conversion system strategy focuses on developing the next-generation Integrated Charging Control Unit (ICCU), which incorporates the Electric Vehicle Communication Controller (EVCC). This advancement is expected to realize Vehicle-to-Everything (V2X) connectivity for electric vehicles, linking cars with charging infrastructure and smart home functionalities. Concurrently, Hyundai Mobis is accelerating the development of necessary power semiconductors.

Hosting a Large-Scale Exhibition to Attract Global Clients… Actively Leveraging Overseas Order Opportunities

Over recent years, Hyundai Mobis has consistently participated in global exhibitions, including CES. These events serve dual purposes: enhancing brand recognition among general audiences and actively utilizing them as business channels for securing orders from international clients.

The unprecedented number of exhibits unveiled at this year’s R&D Tech Day is a testament to this strategy. Of the total 65 exhibits, 21 were electronic components, the highest proportion. The majority showcased technologies in autonomous driving, advanced sensors, parking assistance systems, next-generation displays, and connectivity encompassing infotainment innovations.

Key products included a high-performance front radar with an extended detection range of 350 meters, an infrared camera with improved recognition capabilities under adverse weather conditions, generative AI specialized for vehicle care, and a 3D display with an expanded field of view.

Electrification components were presented in next-generation product lines tailored to market trends and customer requirements. Notable examples included in-wheel motors capable of crab steering, next-generation drive systems for compact trucks specialized for urban transportation, and bidirectional ICCUs with high power density.

In the safety and chassis sectors, Hyundai Mobis attracted attention by introducing world-first technologies in major core component areas such as airbags, lamps, braking, and steering systems. Highlights included a passenger-side airbag designed to reduce brain injuries during collisions, communication headlamps that interact with surrounding road conditions using HD LEDs, a third-generation regenerative braking system, and a rear-wheel steering system recognized as an innovative technology by North American automotive publication Automotive News.

Additionally, other standout innovations included a core device made from nickel-free metal powder without using expensive rare metals like nickel for inductors, ultra-high-speed battery charging cooling technology, e-corner systems enabling crab steering, and the next-generation infotainment integrated system M.Vics 4.0, all of which captivated the audience’s attention.

Media Contact 
Choon Kee Hwangckhwang@mobis.com
Myong Sun Song: sms@mobis.com

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Prime Securities Forays into Wealth Management

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MUMBAI, India, Oct. 4, 2024 /PRNewswire/ — Prime Securities Ltd. (PSL https://primesec.com/ ), a SEBI registered Category-I Merchant Banker, is expanding its reach within the financial services sector by entering the wealth management business through its wholly-owned subsidiary, Prime Trigen Wealth Ltd. (PTWL). This strategic move aims to tap into new growth opportunities with significant scalability potential.

PTWL has roped in industry veterans Mr. Sailesh Balachandran and Mr. Maneesh Kapoor as Executive Director, Founders and Joint-CEO, to take charge of its Wealth Management business. PTWL will initially launch in NCR, Mumbai, Bangalore, and Chennai, with plans to gradually expand its services to the top Tier 1 and Tier 2 wealth destinations across the country.

Sailesh Balachandran, with 24 years of experience in the Banking and Financial Services sector, was previously Managing Director and Head of South India at LGT Wealth India. His past roles have spanned across ICICI Securities Private Wealth and HSBC Bank.

Maneesh Kapoor brings over 24 years of experience in the Banking and Financial Services industry, having served as a Senior Managing Partner at InCred wealth and Business Head for North and East India at LGT Wealth, in his previous roles. His career also includes holding key leadership positions at ICICI Securities Private wealth and ICICI Bank Ltd.

Maneesh and Sailesh’s extensive expertise and proven leadership abilities have consistently driven success and innovation in the industry. They have the experience of building and scaling business and capabilities across India, leading teams that included nearly 70 exceptional private bankers and over $1.5 billion of assets under management.

In a joint statement, Maneesh and Sailesh expressed their excitement about joining PTWL: “We are delighted to be part of the founding team of Prime Trigen Wealth. We keenly look forward to building a comprehensive, high-tech enabled and RM-led wealth management practice dedicated to serving the rapidly growing HNI, Ultra HNI and Family Offices across India. Prime’s entrepreneurial spirit and agility provide the ideal environment for creating a robust wealth business. Furthermore, the synergy with Prime’s full-service investment banking offerings will enable us to deliver unique and unparalleled solutions to our clients.”

Akshay Gupta, Director of Prime Securities, added, “The Wealth Management business will complement our existing services and provide synergistic value to Prime Group’s shareholders. Our clients, both current and new, will benefit from Prime’s decades of expertise in investment banking and corporate and family office advisory, allowing us to offer bespoke solutions in an increasingly crowded wealth management market.”

Prime Securities is a well-respected name in business, corporate, and family business circles, having collaborated with some of India’s most prominent industry leaders as well as new-age entrepreneurs and businesses. The rise of Gen-AI, along with the emergence of wealthy new-age businesses and the growing segments of High-Net-Worth Individuals (HNI) and Ultra High Net Worth Individuals (Ultra HNI), highlights the significant wealth creation occurring in the country. With its extensive capabilities, robust network, and established credentials, Prime Securities recognizes the increasing demand for professional services tailored to India’s wealthy clients and is strategically positioned to capitalize on this market opportunity.

About Prime Securities Limited (NSE: PRIMESECU) (BSE: 500337)

Prime Securities Limited (“Prime”) is a SEBI registered Category-I Merchant Banker since almost 3 decades. Prime is among the top pure play Investment Banking (IB) outfits in India. Prime offers wide and diverse service offering that includes facilitating equity and debt capital, M&A advisory, QIPs, debt syndication, structured credit, restructurings & resolutions, rights issues, buybacks, open offers, delisting, etc. Prime is listed on BSE Limited and National Stock Exchange of India Limited since 1995.

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Vieworks to Showcase VT Sense Series at VISION 2024

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ANYANG, South Korea, Oct. 4, 2024 /PRNewswire/ — Vieworks, a leading manufacturer of industrial cameras, is set to introduce its latest innovations at VISION 2024 in Stuttgart, Germany (booth 10E30, October 8th – 10th). Vieworks will showcase a broad selection of industrial cameras and lenses, including the highly anticipated VT Sense Series.

As a pioneer in industrial cameras, Vieworks will present a wide range of area scan cameras, with resolution from 0.4 megapixel to 1152 megapixels. The latest VZ Series is a family of compact cameras with GigE and USB 3.0 interfaces, ideal for automated inspection systems across multiple industries.

Among the highlights of Vieworks’ cameras will be the TDI (time delayed integration) line scan cameras, renowned for their exceptional sensitivity achieved through up to 256 stages of integration. Available in M42, M58, M72, and M95 mounts from 2k to 23k resolution, these TDI line scan cameras are suitable for various applications in low-light environments.  

At the forefront of the TDI line scan lineup is the latest VT Sense Series, equipped with BSI (back-side illuminated) sensors for even higher sensitivity. This newest series boasts unmatched sensitivity as well as excellent quantum efficiency (QE) and signal-to-noise ratio (SNR). The back-side illuminated VT Sense ensures superior image quality in visible, UV (ultraviolet), and NIR (near-infrared) spectrum.  

In addition to the camera lineup, Vieworks will also highlight its VEO Series, a family of industrial lenses codeveloped with Schneider Kreuznach. VEO Series is precisely designed to maximize the performance of Vieworks’ cameras.

“We are more than thrilled to introduce the all-new VT Sense Series at VISION 2024 and hear what our customers have to say. VISION serves as a great opportunity to engage with our partners,” a Vieworks spokesperson remarked. “Our goal for VISION 2024 remains clear: continuing our efforts on being our customers’ vision partner and delivering the vision solution to suit their needs.”

The world’s leading trade fair for machine vision, the two-year cycle VISION anticipates yet another record-breaking attendance in 2024.

About Vieworks Co., Ltd.

With industry-leading technology, Vieworks provides machine vision solutions encompassing industrial cameras, industrial lenses, and machine vision accessories. As your vision partner, Vieworks offers innovative vision and insight for your vision system. For more information, please visit vision.vieworks.com

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SOURCE Vieworks Co., Ltd.

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A23 rolls out India’s Biggest Rummy Festival ahead of the festive season; offers ₹100 crore prize pool

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A23– a premier rummy platform offers mega prizes for rummy enthusiasts with a whooping first prize of ₹1 crore

BENGALURU, India, Oct. 4, 2024 /PRNewswire/ — Ushering in the festive season, A23 (Head Digital Works), India’s leading skilled gaming platform with more than 70 million registered users, announced the launch of A23 Rummy Maha Mela, a hundred-day long online rummy extravaganza starting October 5 to January 12, 2025. This mega event is the first of its kind and is slated to be the biggest online rummy celebration this festive season, offering an array of exciting rewards and experiences for rummy enthusiasts across India.

During the A23 Rummy Maha Mela, players can showcase their rummy skills and get the opportunity to compete for luxurious prizes, including a BMW car, XUV700s, Royal Enfield motorcycles, gold coins, iPhones and loads of cash prizes. The A23 Rummy Maha Mela is designed to be the ultimate online rummy festival, featuring a combination of challenges, leaderboards and tournaments where winners will be presented with exciting rewards, cash prizes and much more.

The Maha Mela aims to elevate the gaming experience for every rummy enthusiast by providing high-value rewards that add to the festive cheer.

The A23 Rummy Maha Mela will culminate into an offline mega finale, also considered a highly anticipated event for rummy enthusiasts. Top 36 finalists from the online competitions will get an opportunity to compete in an offline format at an exotic location, to be revealed soon. The offline finale is scheduled to take place after January 12, 2025, and promises to be an exciting culmination of the festival, bringing together the top rummy players from across the country.

Commenting on the mega event, Deepak Gullapalli, Founder & CEO, A23 (Head Digital Works), said, “We’ve witnessed a growing popularity of online rummy in India. The festive season is the perfect time to bring in cheer to families across India and for us, A23 Rummy Maha Mela is not only an occasion to celebrate our loyal customer base but also rummy enthusiasts and the A23 family at large. Through this festival, players can showcase their rummy skills and celebrate all through the festive season with mega wins. The mela is designed to celebrate the spirit of rummy and offer unparalleled rewards and experiences to players. This, coupled with A23 being a trusted rummy platform is sure to set a new benchmark in the online gaming industry.”

Along with the Rummy Maha Mela, the premier rummy platform will also be kicking off multiple video campaigns to capture the attention of rummy aficionados. Customers can keep a tab on the offers available through A23’s official app, website and social media handles.

About Head Digital Works

Head Digital Works is India’s oldest online skill-gaming company that develops and operates platforms like A23 Rummy, A23 Poker and Cricket.com. A23 has over 70 million registered users across India and is the first-ever website to launch the classical Indian Rummy. A23 is on a mission to promote Rummy as a professional game and create a community of skilled gamers.

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