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

  • September 26, 2018
    Improve efforts to develop alternative fuels infrastructure, say MEPs
    The European Commission (EC) and member states need to ‘redouble efforts’ to boost the development of an alternative fuels infrastructure, say transport MEPs. The warning comes in a draft resolution from the Transport and Tourism Committee. Ismail Ertug, rapporteur, the Progressive Alliance of Socialists and Democrats in the European Parliament, says: “Our initiative report urges the Commission to accelerate the revision of the directive, come up with strong infrastructure targets and more funding for a
    Read More
  • November 3, 2014
    PAX Technology ships 300,000 units to Brazil
    Electronic payment solutions provider PAX Technology is determined to push into new markets after success in Brazil and China. Already, 300,000 Brazilian customers have received solutions using PAX D-series MPOS products (D180, D200 and D210) and the company insists there is more to come.
    Read More
  • December 19, 2018
    Enterprise CarShare brings service to University of Delaware
    Enterprise CarShare has launched a short-term car rental service aimed at University of Delaware (UD) students and staff. Delaware is the latest campus to sign up for the service, which targets people who typically need a vehicle for just a few hours. Richard Rind, UD’s director of auxiliary services, says: “Many UD students and community members don’t have access to a car to take them where they need to go.” The service, part of Enterprise Rent-A-Car, will initially cost UD members $5 per hour which in
    Read More
  • April 23, 2019
    EVgo utilises Autocharge technology in North America
    EVgo has deployed Autocharge technology in North America in a bid to allow customers to charge electric vehicles (EVs) without using apps or credit cards. Autocharge instantly recognises the EV and begins charging automatically, the company says. It is being launched on EVgo’s dedicated Maven Gig network – which offers rental cars for drivers who need a car to work for ride-share and delivery services. The technology will be rolled out across the US by the end of 2019 to all EVgo account holders with a
    Read More

Highlighted Content