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

  • Tata to supply Tritium DC fast chargers in India
    March 14, 2019
    Automobile components company Tata AutoComp Systems has signed a memorandum of understanding (MoU) to supply Tritium’s chargers for electric vehicles (EVs) in India. Tata says Tritium’s Veefil-RT DC fast chargers supply power to a range of EVs, including two-wheelers, passenger and commercial vehicles. David Finn, co-founder of Tritium, says the MoU coincides with the FAME (Faster Adoption and Manufacture of Hybrid and EVs) scheme. “The FAME policy is among the most progressive initiatives in the
    Read More
  • Lime brings renewable operations to France
    February 6, 2019
    Lime’s scooters and warehouses in France will be powered by local, solar and small hydro projects in a bid to advance clean micro mobility in Europe, the firm says. The move stems from a three-year agreement with Planète Oui, an electricity provider which supplies 100% local and renewable energy. As part of the deal, Lime’s ‘Juicer’ partners which join Planète Oui will receive a free three-month subscription to the service and an additional 20% discount on their monthly subscription thereafter. J
    Read More
  • Eight ways Volkswagen can regain their customers’ trust
    October 6, 2015
    In the light of Volkswagen's concession of corporate wrongdoing in circumventing EPA (Environmental Protection Agency) testing in the US, Frost & Sullivan has proposed eight strategies the company can utilise to regain consumer trust, fuel sales volumes and develop sustainable revenue growth opportunities. Frost & Sullivan says developments in clean diesel technology and internal combustion engines (ICE) have been substantially pushed back by years. The immediate impact of this crisis goes beyond Volkswa
    Read More
  • Boeing autonomous air vehicle completes first flight in Virginia
    January 30, 2019
    Boeing has completed a test flight of its autonomous passenger air vehicle (PAV) prototype in the US. The electric vertical takeoff and landing aircraft was developed through a collaboration between Boeing subsidiary companies Boeing NeXt and Aurora Flight Services. Boeing NeXt works with regulatory agencies and industry partners to help introduce new mobility modes and ensure autonomous and piloted air vehicles safely coexist. Steve Nordlund, vice president and general manager of Boeing NeXt, sa
    Read More

Highlighted Content