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

  • July 18, 2019
    AVs for seniors from Via in New South Wales
    Autonomous vehicle (AV) developers seem to targeting ‘closed’ communities such as retirement complexes or universities and Via is also joining this trend. The company has launched a free AV service called BusBot for a retirement community in New South Wales (NSW), Australia. In partnership with local bus operator Busways, Transport for NSW and EasyMile, BusBot is operating in the Marian Grove Retirement Village in Toormina, a suburb of Coffs Harbour. Via says its technology allows the vehicle
    Read More
  • February 14, 2019
    Ride-hailing and taxi drivers could face tougher criminal checks in England
    Drivers who ply their trade on apps such as Uber could be under greater scrutiny as part of proposals being put forward by the UK government. The potential risk to passengers from the explosion of ride-hailing apps, as private-hire drivers are perceived to receive less thorough vetting – for example, to flag up past convictions – has long been argued. Incidents such as the murders of passengers by a Didi driver in China heightened such concerns - although critics point out that a US Uber driver who ad
    Read More
  • October 16, 2019
    Dyson scraps EV project
    British technology company Dyson has pulled out of a project to build electric vehicles (EVs), saying it is unable to make its car “commercially viable”. Chief executive Sir James Dyson said in a statement: “We have been through a serious process to find a buyer for the project which has, unfortunately, been unsuccessful so far.” The company, known primarily for its vacuum cleaners, says it will continue its £2.5 billion investment programme into new technology in two UK locations and in Singapore. It wil
    Read More
  • June 17, 2019
    Battery bottleneck: EV roll-out at risk
    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

Highlighted Content