Ficosa pledges €500m investment in C/AV technology

Spanish firm Ficosa is to put €500m into R&D over the next four years to provide new technology for connected and autonomous vehicles (C/AVs). The firm believes that revenue from its technology systems will rise from €100 million to €800 million over the next five years. Assisted driving and e-mobility are other areas of interest, and the company has already put its money where its mouth is, showing off a new e-mobility development centre last year. The company had overall revenues of €1.28 billion
March 19, 2019 Read time: 2 mins

Spanish firm Ficosa is to put €500m into R&D over the next four years to provide new technology for connected and autonomous vehicles (C/AVs).

The firm believes that revenue from its technology systems will rise from €100 million to €800 million over the next five years.

Assisted driving and e-mobility are other areas of interest, and the company has already put its money where its mouth is, showing off a new %$Linker: 2 External <?xml version="1.0" encoding="utf-16"?><dictionary /> 0 0 0 link-external e-mobility development centre false http://www.itsinternational.com/sections/general/news/ficosa-shows-off-new-e-mobility-development-centre/ false false%> last year.

The company had overall revenues of €1.28 billion in 2017 and says it invested nearly 8% of sales in R&D.

Ficosa developed and manufactured the Audi e-Tron’s digital rear-view system, composed of cameras and screens instead of the conventional exterior mirrors.

Javier Pujol, Ficosa CEO, says: “Some years ago, we set our sights on technological products with high value added for the automobile and made a firm commitment to our transformation.

The company is celebrating its 70th birthday this year.

Networking & Communication Systems

Related Content

  • Battery bottleneck: EV roll-out at risk
    June 17, 2019
    In order for the take-up of electric vehicles – a key part of the future mobility mix - to grow, we need batteries. And that might prove tricky, reports Graham Anderson Industry and commodities experts fear that the growth in electric vehicles (EVs) could be much slower than predicted due to bottlenecks in global battery market supply chains. “People seem to think that the switch from the internal combustion engine to electric vehicles just means you plug your car in rather than fill it with petrol,” a
    Read More
  • Pilomat improves road block surface product
    March 21, 2018
    Italian firm Pilomat is showing off the latest version of its surface-mounted hydraulic road blocker at Intertraffic. Designed to increase security at access points to residential, commercial and industrial areas, the Road Blocker Surface has been made more functional and safe with “aesthetical and mechanical improvements”, the company says. It is now “compact and easy to integrate into any urban space”. The first prototype was displayed at the last edition of Intertraffic two years ago. It previously ha
    Read More
  • Arup partners with MaaS Global to develop services
    May 1, 2018
    Consultant Arup will assist MaaS Global by providing consultancy services related to the development and deployment of Mobility as a Service (MaaS). The collaboration intends to provide an offering that rivals car ownership across cities. MaaS Global’s mobile app, Whim, is available in Helsinki, Finland and has just made its UK debut in the city of Birmingham. The company has grand ambitions for Whim, looking to roll it out to 60 countries in the next five years. David O'Keeffe, director and digital
    Read More
  • ITS International: Meet us in Vienna
    September 21, 2012
    ITS International, the number one business-to-business title for anyone involved in advanced technology for the traffic management and urban mobility markets, is in Vienna to report from the ITS World Congress, 2012, http://2012.itsworldcongress.com/content , which takes place from the 22-26 October. Once again, ITS International will lead coverage of the event through its www.DailyNews-Online.com/ITSWorldCongress-2012 site. We are planning to bring you all the latest preview and live event news from the I
    Read More

Highlighted Content