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.

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