I-Byte Automotive July 2021

I-Bytes IT Shades
Engage & Enable
Automotive
July Edition 2021
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Table of Content s
1. Financial, M & A Updates...................................................................................................................................1
2. Solution Updates..................................................................................................................................................3
3. Rewards and Recognition Updates...................................................................................................................13
4. Customer Success Updates................................................................................................................................19
5. Partnership Ecosystem Updates.......................................................................................................................22
6. Environmental & Social Updates.....................................................................................................................41
7. Miscellaneous Updates......................................................................................................................................42

IT Shades
Engage & Enable
Financial, M & A
Updates Automotive Industry

Financial, M&A Updates
BorgWarner (USA) Completes Tender Offer and Acquires 89.08% of AKASOL AG IT Shades
Engage & Enable
Description Executive Commentary
BorgWarner Inc. announced that it has completed the tender offer for shares of “We are excited to add AKASOL’s innovative products, capabilities and team
AKASOL AG, resulting in BorgWarner owning 89.08% of AKASOL’s to BorgWarner as we advance our plan to grow our electric vehicle businesses
outstanding shares following completion of the tender offer. The acquisition to approximately 45% of total revenues by 2030 under Project Charging
further strengthens BorgWarner’s commercial vehicle and industrial Forward,” said President and CEO of BorgWarner. “Our companies share a
electrification capabilities, which positions the Company to capitalize on what commitment to delivering innovative, environmentally friendly solutions to
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it believes to be a fast-growing battery p ack market. AKASOL is now a our global customers, and together, we’ll be even better positioned to do just
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majority-owned subsidiary of BorgWarner. AKASOL’s headquarters are in that.”
Darmstadt, Germany, and as previously announced, AKASOL will be run
independently. Subject to approval of the shareholders at the AKASOL annual
general meeting on June 30, 2021, BorgWarner expects to be represented with
three of the five members of AKASOL’s Supervisory Board. BorgWarner will
assess what additional actions, if any, it will take to achieve full control and
ownership of AKASOL including, without limitation, the delisting of
AKASOL’s shares.
1
Financial, M&A Updates
GOODYEAR (USA) Completes Acquisition Of Cooper IT Shades
Engage & Enable
Description Executive Commentary
The Goodyear Tire & Rubber Company announced that it has “We are excited to officially bring Goodyear and Cooper
completed its acquisition of Cooper Tire & Rubber Company, together and unite our shared focus on customers, innovation
finalizing the merger agreement made public on February 22. and high-quality products and solutions. This combination
The combination unites two leading tire companies with strengthens Goodyear’s ability to serve more consumers
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complementary product portfolios, services and capabilities to globally and provides increased scale to support greater
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create a stronger U.S.-based leader in the global tire industry. investments in new mobility and fleet solutions,” said
The combined company will offer more options across the Goodyear chairman, chief executive officer and president.
value spectrum making it easier for customers and consumers to
choose Goodyear- and Cooper-branded tires.
2
IT Shades
Engage & Enable
Solutions Updates
Automotive Industry

Solution Updates
Changan Automobile (China) Blue Core iDD hybrid system Global
IT Shades
Launch at Chongqing Auto Show Engage & Enable
Solution Descriptio n
Chongqing Auto Show was held in the Yuelai National Expo Center. Changan Automobile's Blue Core iDD hybrid system was unveiled for the
first time in the world. Based on the national carbon neutral policy and guided by the "Shangri-La Plan", Blue Core fully embraces electrification
and launches Blue Core iDD hybrid system (intelligent Dual Drive). It adheres to the spirit of Blue Core Power, which is born to lead and pursue
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the ultimate. After 6 years of continuous polishing and refining, it has overcome dozens of technical problems in the field of hybridization and
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finally realized the “All Speeds, All Scenarios, All Temperature and All Time” intelligent oil-electric dual-drive system that meets the user's needs.
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It allows users to get the perfect driving experience in any scene and at any time without anxiety. All speeds - Blue Core iDD can ensure
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high-quality and consistent power output for low-speed start, high-speed overtake and top-speed race. The motor’s peak torque response is at nibh
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millisecond level, the initial acceleration is up to 0.6g, 0-100km/h acceleration time is 6s+ and the maximum speed can reach 200km/h on this
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platform. All scenarios - urban commute or long trips, fully-charged or at low SOC, the Blue Core iDD always get things done. Equipped on a
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two-ton level SUV, the fuel consumption is as low as 5L/100km, the pure electric range is 130km and the comprehensive range is 1100km even in
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the low SOC scenario, the power surges as well. In terms of fuel consumption and power, the Blue Core iDD has the perfect balance.
3
Solution Updates
Great Wall Motor (China): The 3rd Gen HAVAL H6 is launched in Chile
IT Shades
Engage & Enable
The FIFA World Cup Qualification of South America is well underway, while in Chile, the land of eternal passion, a tremendous battle is also
raging in the SUV field. As a number of brands have launched new vehicles in the first half of the year, HAVAL's new vehicles are also launched
following the trend. After the successful launch of HAVAL JOLION in May, the 3rd Gen HAVAL H6 has made its debut in Chile recently. The 3rd
Gen HAVAL H6, attracting users with continuous product innovation will certainly continue the legend of the national legendary vehicle, march
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forward unswervingly and write a new chapter of glorious success. On the launch day, more than 30 local leading media outlets in Chile attended
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the two-hour online cloud launch event. After watching the online presentation and test driving, they all give the thumbs up. Gabo Baeza, a
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journalist from Rutamotor, a well-known media, commented excitedly: "The 3rd Gen HAVAL H6 has made a great leap forward in intelligent my
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technology and design compared with the previous generation, and has fully possessed the product competitiveness surpassing big brands." As an
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old friend of HAVAL, Gabo Baeza has now become a HAVAL fan, and his HAVAL test videos on YouTube are always among the most viewed. "I
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have been paying attention to HAVAL since it entered the Chilean market in 2015. Generation after generation of new products makes me feel what
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strong vitality HAVAL has. HAVAL is a powerful brand because of its very powerful products", he enthusiastically recommended to the audience
in the video.
4
Solution Updates
Guangzhou Automobile Group (China) Gs4 Suv Launches in Panama
IT Shades
and Bolivia Engage & Enable
GAC MOTOR is thoroughly excited to announce the release of the All New GS4 in Panama, and soon also in Bolivia! The highly popular SUV
has received much praise in the Chinese market, being rated as the best-selling SUV of the year and winning multiple awards, including “SUV of
the Year” and “China Automotive Innovation Model of the Year”. The 1st generation GS4 boasted sales of over 1 million models. Panama and
Bolivia are important, fast growing overseas markets with many young buyers looking for a stylish, dynamic, smart, high-quality vehicle the
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second generation GS4 is ready to satisfy these needs. The 4 pillars of Quality, Safety, Research and Development, and Technology are at the heart
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of every GAC MOTOR product, including the new GS4. These 4 pillars allow the brand to continually achieve excellence whilst also keeping the
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consumer in the sights GAC settles only for flawless design and delivering an unforgettable, unique driving experience. The GS4 brings a range
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of aspects to the table, creating the perfect combination of design, security, stability, and comfort. The All New GS4 embodies the GAC MOTOR
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slogan, ‘GO AND CHANGE’. Tested over a range of road conditions and extreme environments, the All New GS4 has no limitations to a car
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owner’s adventures, whether that’s exploring the city in style or taking the car out into the wild for a road trip weekend. The second-generation
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GS4 has been rigorously performance tested against high temperatures of 50⁰C, lows of -40⁰C and altitudes as high as 5231m. Deserts, mountains,
or the slopes – the new GS4 can handle them all.

5
Solution Updates
Nissan (Japan) launches brain function development program to enhance
IT Shades
racing driver performance Engage & Enable
Nissan Motor Co., Ltd. launched an innovative program focused on brain function and anatomy research, training and development for its Formula E drivers Sebastien Buemi and
Oliver Rowland. The program, called Nissan Brain to Performance, uses advanced brain imaging and analysis to determine the anatomical specifics of high performance, professional
drivers. The program aims to develop bespoke, optimized training to enhance the brain functions and anatomy related to driving and racing. The program will be coordinated by Lucian
Gheorghe, a leader in the field of brain analysis and training, and a driving force behind Nissan’s forward-looking research on how to better build the connection between people and
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Nissan vehicles. The immediate priority of the Nissan Brain to Performance program is to enhance the performance of Nissan’s Formula E racers. The first stage of the new program
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will involve detailed analysis and testing of the Formula E racers’ brain functions, compared against a control group of ‘average’, non-racing drivers. All drivers will perform a range
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of tasks on state-of-the-art driving simulators while their brain activity is monitored and recorded. Based on the results, a bespoke driver training program involving electrical brain
stimulation will be developed with the aim of improving driver performance. Key research area overview: nonum-
my
• Understanding how Nissan Formula E drivers’ brain functions and anatomy differ in comparison to average drivers:- By establishing a spectrum of driver brain activity, the program
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• Through the use of electrical brain stimulation, can a professional driver’s brain be enhanced to improve on-track performance:- Once existing brain activity is known, a bespoke
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driver training program of electrical brain stimulation can be initiated, monitored,Utand
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• Can brain computer interface training be used to enhance general driving skills, with a longer-term goal to inform and enhance future Nissan EV product development, with a focus
on achieving the highest level of driver excitement and focus:- Recommendations to be made around the intuitive nature of future EV product development, based on an increased
understanding of bio-electricity to further enhance the driving experience.

6
Solution Updates
Nissan (Japan) launches the all-new Note Aura in Japan
IT Shades
Engage & Enable
Nissan launched the all-new Note Aura premium compact car in Japan, with sales planned to start in autumn. The all-new Note Aura comes
exclusively with Nissan’s e-POWER electrified powertrain, a key part of the company’s electrification strategy under the Nissan NEXT global
business transformation plan. The all-new vehicle inherits the comfort and advanced safety technologies of the Note e-POWER launched last year,
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with added premium furnishings and system enhancements. The exterior features an elaborately sculpted front grille, and an elongated, curved
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roofline. The rear fenders and new rear bumper convey a wide stance and low center of gravity, giving the vehicle a robust presence. The LED
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combination lamps that illuminate as a beam of light across the rear of the vehicle create an advanced and individualistic impression. The interior
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Zero Gravity seats come in two variations Herringbone patterned tweed-like fabric combined with synthetic leather or high-quality genuine leather
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with specially designed pleating to provide seating grip. The lower instrument panel and center console features a wood-grain finish while door
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trims, front armrests and the instrument panel are all finished in tweed-like fabric. A premium audio system has been developed together with
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Bose1 for a high-quality onboard experience. The optional Bose Personal Plus sound system speakers are placed in the front passenger headrests,
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providing a premium acoustic experience with the depth and breadth of sound unique to Bose1 and its advanced signal processing technology.
7
Solution Updates
Sumitomo Electric (Japan) Develops AirEB™, Multi-fiber Connector with Expanded
IT Shades
Beam That Delivers Cost Advantages to the Massive Fiber Optic Network Operators Engage & Enable
Sumitomo Electric Industries, Ltd. has developed AirEB™, a multi-fiber connector with an expanded beam that has optical performance tolerant to the contamination on the connector mating
faces that contributes to cost reduction for massive fiber optic network operators. Sumitomo Electric’s innovative technologies on fiber optic and precision molding enable AirEB™ to stay
good in performance even in a harsh environment or less maintenance circumstance, nevertheless, the productivity and the accessibility of AirEB™ requires little effort. This is good news
also for a massive fiber optic network operator who has to bear an enormous cost for the cleaning of millions of connectors in their facilities. AirEB™ has a lens structure at the end face of
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the connector, which expands the optical beam to be tolerant of foreign dust particles and keeps optical performance
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good with less frequent cleaning, or even without cleaning. Advantages
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• No need of the frequent cleaning, cleaning with ease. diam
• An expanded beam can be tolerant of the contaminations on the end face.

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• A small gap between mated lenses prevent the particles from sticking to the end face. nibh
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• Polish process required for a conventional MPO is not needed. dolore
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• All optics in a straight path can make the alignment easy. volutpat.
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• No special equipment is required for production. ullamcorper
• Easy material management.
• Simplex design, no gender, no conventional guide pins.

8
Solution Updates
Maruti Suzuki (Japan) launches ‘Mobility Challenge’ for mature startups
IT Shades
Partners with Hyderabad-based incubator T-Hub Engage & Enable
Maruti Suzuki India Limited announced the launch of the Mobility Challenge to explore new-age technologies and help growth-stage startups scale up their
business. The all new unique programme was unveiled in partnership with Hyderabad-based innovation intermediary and business incubator T-Hub. Startups from
Series A to unicorns from India and overseas are invited for this challenge and will be expected to showcase their cutting-edge technology solutions in the mobility
space. Through Mobility Challenge, MSIL is eager to partner with startups, including established players that have a ready product/solution with an existing
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customer base. Disruptive solutions, coupled with the capability to scale up fast, would play a vital role in the Mobility Challenge. Earlier in January 2019, MSIL
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had launched their unique MAIL (Mobility & Automobile Innovation Lab) programme in partnership
diam with GHV Accelerator to accelerate the growth of the
budding startups. While MAIL is an existing initiative, Mobility Challenge is another all new programme targeted exclusively at mature or growth-stage startups.
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Both the programmes will continue at a defined periodicity and strengthen the common purpose of driving innovations for business efficiencies. The programme
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will select mature startups who have technology in digital, data and AI/ML(Artificial Intelligence / Machine Learning) in the fields of augmented and virtual
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reality, autonomous mobility, automotive remote diagnostics, automotive servicing efficiency, big data analytics, electrification, internet-of-things,
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mobility-as-a-service and smart infrastructure. The selected mature startups
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in the Mobility Challenge will receive support and mentoring from experts at Maruti
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Suzuki and T-Hub. This includes domain knowledge, investor connect and test bed. This would help to further galvanize the startups and execute the POC (Proof
of Concept) for its growth. The company will identify two winners towards the end and award them a cash prize of Rs 10 lakhs each.
9
Solution Updates
Finance your car online, from anywhere with Maruti Suzuki (Japan) Smart
IT Shades
Finance Engage & Enable
Maruti Suzuki India Limited customers can now finance their cars online, anywhere and anytime, with Maruti Suzuki Smart Finance. Maruti Suzuki Smart
Finance is now made available for ARENA as well as NEXA customers. It is also available pan India. It covers a wide range of profiles to meet the demands
of a diverse range of customers. Maruti Suzuki was the first automobile company, to introduce a multi financier, end-to-end online car financing solution with
real-time loan status tracking. Maruti Suzuki Smart Finance was rolled out in limited
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in December 2020. Since its launch, it has seen over 25 lakh
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customer visits. Maruti Suzuki Smart Finance is a one-stop online finance portal that empowers customers to transform their car buying experience with a
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host of options. These options include choosing the right finance partner, selecting the best-suited loan product, completing all the finance related formalities
and disbursal of the loan, online. To make online car financing more comprehensive, Maruti Suzukinonum-
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Smart Finance has an integrated exchange customer
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journey. This will empower the customers to get an estimated value of their old cars in case of a replacement purchase. In addition to this, the platform now
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also offers the option of co-applicant financing, covering a wide spectrum of customer profiles. Maruti Suzuki Smart Finance currently has 14 financiers
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on-board: HDFC Bank, ICICI Bank, Yes Bank, Axis Bank, State Bank
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of India, IndusInd
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Bank, Bank of Baroda, Karur Vyasa Bank, Cholamandalam
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Finance, AU Small Finance Bank, Mahindra Finance, Kotak Mahindra Prime, Sundaram Finance & HDB Financial services. The company is planning to
add more financiers and structured finance products, in future enhancements, to provide an unparalleled car financing experience to the customers.
10
Solution Updates
Tata Motors (India) launches the ‘XPRES’ brand for fleet customers
IT Shades
Engage & Enable
Tata Motors, one of India’s leading automobile manufacturers, announced the launch of a new brand ‘XPRES,’ exclusively for fleet customers. Under the
XPRES brand, the company will introduce offerings, catering to fleet specific needs of safety, passenger comfort and low cost of ownership. All vehicles for
the fleet segment will sport an elegantly designed XPRES badge, clearly differentiating them from the growing ‘New Forever’ range of cars and SUVs that
cater to the requirements of the personal segment. The first vehicle under the XPRES
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‘XPRES-T’ EV. Targeted at mobility services, corporate and government fleet customers, the XPRES-T EV will come with an optimal battery size, captive
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fast charging solution, which will ensure outstandingly low cost of ownership in addition to safety and passenger comfort, making it a comprehensive and
attractive proposition for fleet owners and operators. The all-new XPRES-T electric sedan will be soon available at select dealerships in India for bookings.
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It comes with 2 range options – 213km and 165km (ARAI certified range under test conditions). The XPRES-T EV packs a high energy density battery of
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21.5 kWh and 16.5 kWh and can be charged from 0- 80% in 90 mins and 110 mins, respectively, using fast charging or can also be normally charged from
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any 15 A plug point, which is easily available and convenient. It comesUt wisiwith zero tail-pipe
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emission, single speed automatic transmission, dual airbags, ABS
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with EBD as standard across variants. The premium black theme interior with standard automatic climate control and Electric Blue accents across its interior
and exterior will give it a differentiated presence from other Tata cars.
11
Solution Updates
Tata Motors (India) takes the premium quotient in its passenger vehicles
IT Shades
to next level with launch of the #Dark Range Engage & Enable
Tata Motors, one of India’s leading automotive brands, announced the launch of the #Dark range which includes – India’s safest premium
hatchback Altroz, India’s first GNCAP 5star rated car – the Nexon, its premium SUV with the Land Rover DNA – the Harrier and India’s
highest selling passenger electric car – the Nexon EV. Harrier #Dark launched in Aug’19 took the style & premium quotient of the Harrier to
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the next level. It provided a compelling package to customers who were looking for a Bold, Sophisticated & Stylish SUV. The Dark theme on
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the exteriors & interiors created a unique identity for Harrier Dark. Other changes like distinctive dark finishes, special Blackstone Matrix
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dashboard & premium Dark upholstery were well appreciated and helped Harrier Dark stand out in the crowded SUV segment. As part of the
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New Forever Philosophy, Tata Motors is extending the #Dark franchise to the two other aspirational brands in the portfolio. The Dark range
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is now available at dealerships and is open for bookings. All Tata Motors authorised dealerships are decorated in the Dark theme for customers
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to indulge into this exclusive experience. Additionally, to add aesthetics and accentuate the styling, the Company is also introducing exclusive
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merchandise, which will consist of #Dark branded premium leather jackets and T-shirts. Furthermore, keeping absolute safety in mind the
Company has also introduced a tyre puncture repair kit, as a priority customer offering, to increasing the convenience quotient in the range.
12
IT Shades
Engage & Enable
Rewards & Recognition


R & R Updates
Daimler (Germany) honors steel supplier Big River Steel for sustainability IT Shades
Engage & Enable
R&R Description
Chairman of the Board of Management of Daimler AG and Mercedes-Benz AG, and Member of the Board of Management of
Daimler AG and Chairman of the Board of Management of Daimler Truck AG, have honored the American steel supplier Big River
Steel (BRS) for the exceptionally sustainable production of steel. By using recycled steel scrap and renewable energy, Big River Steel
is able to reduce the CO2 emissions for Mercedes-Benz products in steel manufacturing by more than 70% compared to the
traditional blast furnace route. In addition, the partner has set up a closed cycle in which the sheet-steel offcuts generated during
production are fully recycled. The Big River Steel plant in Osceola, Arkansas, is the first steel production facility to achieve LEED
(Leadership in Energy and Environmental Design) certification. Steel is a core component in vehicle construction and is very
energy-intensive to produce. To Daimler, sustainability means creating value for all stakeholders on a lasting basis: customers,
employees, investors, business partners and society as a whole. The basis for this is Daimler's sustainable business strategy. In this,
the company takes responsibility for the economic, ecological and social effects of its business activities and looks at the entire value
chain.
13
R & R Updates
Hyundai (South Korea) Wins Six Awards as IONIQ 5 named ‘Car of the IT Shades
Engage & Enable
Year 2021’
R&R Description
Hyundai Motor UK has dominated the 2021 Auto Express New Car Awards winning six highly coveted trophies, including the Car of the Year Award for the
all-electric IONIQ 5. The IONIQ 5 was also named best Mid-Size Company Car and best Premium Electric Car by Auto Express and secured the prestigious
Design trophy. In addition, the experts at Auto Express hailed the Hyundai TUCSON as best Mid-Size SUV and the Hyundai i20N best Hot Hatchback. Every car
on sale in the UK is eligible for the annual Auto Express New Car Awards, which were first held in 1993. The awards are judged by Auto Express’ highly
experienced panel of road testers, chaired by the editor-in-chief, Steve Fowler. The futuristic-looking Hyundai IONIQ 5 is based upon Hyundai’s breakthrough
Electric Global Modular Platform (E-GMP), which delivers faster charging, increased driving range, superior handling and more interior space. In addition to
revolutionizing sustainable mobility, the IONIQ 5 offers an interior that provides a whole new in-car experience – redefining living space and moving space.
Environmentally friendly materials, such as eco-processed leather and recycled yarn, are used extensively in the IONIQ 5. Offered with a range of electric
powertrains and two- and four-wheel drive configurations, the IONIQ 5 is able to charge from 10%-80% in just 18 minutes, accelerate from 0-62mph in as little
as 5.2 seconds and travel up to 298 miles on a single charge. As well as IONIQ 5’s victories as overall Car of the Year, Mid-Size Company Car and Premium
Electric Car, it was also crowned a winner for its revolutionary design voted for by the readers of Auto Express. The IONIQ 5’s exterior evokes the daring attitude
of the Hyundai Pony, the company’s first production car, but modernized with the freedom of a dedicated EV platform, while the interior is characterized as a
‘Living Space’, complete with flat floor and reclining chairs, allowing for levels of comfort and flexibility never before seen in this segment.
14
R & R Updates
The NIO (China) ET7 receives the 2021 Red Dot award for high design IT Shades
Engage & Enable
quality
R&R Description
NIO, manufacturer of smart electric vehicles in the premium segment, has received a 2021 Red Dot Product Design Award for its first
smart all-electric sedan, the NIO ET7, only six months after its launch. This award is the fourth Red Dot award given to NIO, following
two honors in charging infrastructure for NIO Power Home and NIO Power Swap. In 2020, NIO secured an additional Red Dot accolade
for its digital assistant, NOMI. The NIO ET7 made its debut in January 2021 at NIO Day in Chengdu. The design teams in Munich and
Shanghai, led by Tomasson, successfully collaborated to create a smart, all-electric sedan with more than 100 standard comfort, safety,
and smart features. The exterior, interior space, digital cockpit, performance, and autonomous driving function offer the user the ultimate
experience. Coupled with a range of over 1,000 km (NEDC), the NIO ET7 sets a new standard for premium electric vehicles. The Red
Dot Award for Product Design dates back to 1955 and recognizes the best products for a given year. The assembled jurors were faithful
to the motto "In search of good design and innovation" in the 2021 competition. The international panel of experts comprises specialists
from a wide variety of sectors. They scrutinized the products entered in the competition in a process that spanned several days and guided
by assessment criteria such as formal quality, ergonomics, and longevity.

15
R & R Updates
Sumitomo Electric (Japan) Obtains SBTi Certification for Its GHG Emission IT Shades
Engage & Enable
Reduction Targets and Supports TCFD Recommendations
R&R Description
Sumitomo Electric Industries, Ltd. is pleased to announce that the Sumitomo Electric Group has become certified by the international initiative
Science Based Targets initiative (SBTi)1 for the compliance of the Group’s greenhouse gas (GHG) emission reduction targets, which it is aiming
to achieve by 2030, with the initiative’s standards. In addition, Sumitomo Electric has announced its support for the recommendations of the Task
Force on Climate-Related Financial Disclosures (TCFD)*2, which has been set up by the Financial Stability Board (FSB). The Sumitomo Electric
Group sees that it’s most significant management challenges include environmental conservation efforts to be made from a global perspective.
Based on its Environmental Policy＊３, the Group is promoting the Action ECO-22V Campaign＊４ and making other efforts to conserve the
environment through its products and services. With this background, the Company has become certified by SBTi for the following GHG emission
reduction targets, which the entire Group has set as parts of its efforts regarding environment conservation.
• Scope 1 + 2 (GHGs directly emitted by the Company + GHGs indirectly emitted as a result of the use of power, heat and steam supplied by
other companies): reduction by 30% from the FY 2018 level by FY2030
• Scope3 (GHGs emitted indirectly in manners other than Scope 1 and Scope 2): 15% reduction from the FY 2018 level by FY2030
16
R & R Updates
Toyota (Japan): City Architecture for Tomorrow Challenge Awards Winners IT Shades
Engage & Enable
Numina and KERB US$500K for Implementation in Kuala Lumpur
R&R Description
Toyota Mobility Foundation launched CATCH in February 2020 with a global call for dynamic, intelligent and data-driven solutions to address mobility
and city planning challenges in Kuala Lumpur. Through the journey of the CATCH program, six finalists developed and delivered Minimum Viable
Products (MVP) successfully for Kuala Lumpur, despite the continuing impact of COVID-19. With support from strategic and data partners through the
finalist stage, including mentorship from industry experts during the incubation workshop, finalists obtained meaningful local insights and feedback for
finalizing their solution development. Finalists were also able to install physical devices in Kuala Lumpur, develop data analytics platforms and
dashboards, and conduct feasibility testing to showcase the data utilization and leverage innovative technologies to improve the access to mobility in
Kuala Lumpur. These MVPs were presented at the final assessment to our esteemed panel of eight judges from various fields of expertise. After careful
consideration and deliberations with the judges, TMF identified Numina from the US and KERB from Australia as the best suited solutions, which
matched the five assessment criteria of creativity, desirability, feasibility, sustainability and technicality. In addition to enhancing the quality of life for
citizens in the city of Kuala Lumpur, these winning solutions also align with Toyota's Mobility for All initiative. Numina and KERB will receive a grant
of US$250,000 each, as financial support for their solution trial and implementation in Kuala Lumpur with the continuing collaboration from strategic
and data partners.

17
R & R Updates
Valeo (France) ranked as the world’s leading French patent applicant, all IT Shades
Engage & Enable
sectors combined
R&R Description
According to the list published for the first time by France’s INPI industrial property institute, Valeo has been ranked the world's leading French patent applicant, with 1,913
patents filed in a year– of which 53% were filed in France. Valeo also came out in third place in the 2020 ranking of patent applicants in France, with 819 patents filed. Its
innovations are now protected by a portfolio of almost 35,000 patents worldwide. Among the 1,913 patents filed, 53% were filed in France, 21% in Germany, 8% in China, 5%
in Japan, 3% in the United States, 2% in South Korea, 5% in Europe (excluding France and Germany) and 3% in the rest of the world. Patents filed by Valeo in 2020 mainly
concerned:
• 48V electrification systems, particularly those used in micro-mobility and new mobility solutions, such as bikes, electric three-wheelers, driverless shuttles and delivery
droids
• the new generation SCALA® – the only series-produced LiDAR in the world that is compliant with automotive standards and already in series production – key to
automated driving
• smart HVAC systems, which ensure thermal comfort for all in electric vehicles while preserving battery life
• in-cabin air purification systems, which block allergens and viruses, transforming vehicles into “health shields”
• Smart lighting systems.
In 2020, Valeo’s Research and Development expenditure amounted to 1.66 billion euros, or 12% of the Group’s original equipment sales. Valeo has 63 R&D centers worldwide
and some 20,000 R&D engineers among its more than 110,000 employees.
18
IT Shades
Engage & Enable
Customer Success Updates

Automotive Industry

BorgWarner (USA) to Supply Integrated Drive Module to Hyundai Motor IT Shades
Engage & Enable
(South Korea) Group Electric Vehicles
Description
BorgWarner’s integrated drive module was selected by the Hyundai Motor Group for its power electric system, which will
be used in the upcoming A-segment electric vehicle production, planned to start in mid of 2023. With its state-of-the-art
electric motor, gearbox and integrated power electronics, BorgWarner's new iDM supports global automakers in their
mission to produce cleaner and more efficient vehicles. Designed, developed and manufactured by the company as a
high-performance system, BorgWarner’s iDM146 operates at 400V and has an exceptional peak power of 135 kW. The
advanced transmission technology offers smooth and quiet operation, and the electric motor uses High Voltage Hairpin
technology delivering exceptional performance. Overall drive system weight and space are reduced by integrating the
gearbox, a 400V silicon inverter and the motor with a compact, 146mm stator outer diameter. The iDM146 also offers a
scalable and modular inverter design, making it easily customizable to customer requirements.
19
Bridgestone (Japan) BATTLAX HYPERSPORT S22 Motorcycle Tires IT Shades
Selected as Original Equipment on Yamaha Motor´s YZF-R7 Engage & Enable
Description
Bridgestone Corporation announced that its BATTLAX HYPERSPORT S22 motorcycle tires have been selected as original equipment on the YZF-R7
super sport model motorcycle released by Yamaha Motor Co. (Yamaha Motor), Ltd., on May 19, 2021. The BATTLAX HYPERSPORT S22 tires have
a tread pattern and compound structure that allow the rider to have both sporty handling and superior grip on any surface. Its tread pattern features an
increased groove ratio on the tire's shoulder offering better traction in both wet and dry conditions, while its compound offers an optimized resin
structure that allows the tire to provide increased levels of grip at lower temperatures. These features promise to deliver a refined yet fun riding
experience on the YZF-R7 no matter the setting - from urban areas to highways to track days. The YZF-R7 was developed to give riders "A Fun Way
to Master a Super sport." The YZF-R7 aims to be a super sport model that motorcyclists at any skill level can master performance and sporty handling.
This fitment is part of a long-term collaboration in which Bridgestone has delivered premium tires to Yamaha Motor Co., Ltd. for a wide range of
motorcycles. Bridgestone continues to provide "Dan-Totsu" (the clear and absolute leader) products that meet and exceed the needs of its customers by
developing various product brands globally and expanding the range of original equipment tires that offer optimal functionality and value to a variety
of motorcycle models. These efforts are aligned to Bridgestone's vision of providing social value and customer value as a sustainable solutions
company.
20
Tata Motors (India) delivers 14 XPRES T EVs to Garden Reach IT Shades
Engage & Enable
Shipbuilders & Engineers Ltd., in Kolkata
Description
India’s leading automobile company, Tata Motors has partnered with the Garden Reach Shipbuilders & Engineers Ltd. based in
Kolkata to deploy 14 XPRES T EVs, as a part of its contract with Energy Efficiency Services Limited (EESL). In an event held
recently, the handover ceremony took place in the presence of Rear Admiral V. K Saxena – IN (Retd) CMD, GRSE and senior
officials from Tata Motors and EESL. Tata Motors is playing a leading role in proactively driving the acceptance of electric mobility
in the country. The company is closely working with other Tata Group companies including Tata Power, Tata Chemicals, Tata Auto
Components, Tata Motors Finance and Croma, to contribute to the faster adoption of EVs in India through its eMobility ecosystem
called the “Tata uniEVerse”. Tata Motors has consistently catered to the evolving needs of customers for electric cars with the
introduction of best-selling products in both fleet and personal segment. The Company and has sold over 7500 electric vehicles,
commanding a market share of 71% in EVs (FY21). Tata Electric Vehicles have received an overwhelming response, customers have
appreciated their design, safety, range, reliability, driving experience and cost of ownership. With products like the Tata Electric
Sedan, Tata Motors is also offering eco-friendly alternative to transportation.
21
IT Shades
Engage & Enable
Partner Ecosystem

Partner Ecosystem Updates
Daimler (Germany): Mercedes-EQ Formula E Team and Sherwin-Williams® Kick
IT Shades
Engage & Enable
Off New Partnership Driven by Technical Innovation and Sustainability
Description
The Mercedes-EQ Formula E Team and The Sherwin-Williams Company, the leading paints and Coatings Company, have announced
a new partnership. The team and Sherwin-Williams share the objectives of driving technical innovations in the automotive industry,
bringing people, products and platforms together and working towards a better, more sustainable and more inclusive future around
the world. Paints and coatings manufacturer Sherwin-Williams can look back on a long tradition in the automotive sector and is one
of the leading companies in its field. There are many similarities between the team and Sherwin-Williams in addition to their constant
striving for new innovations and better performance. Sherwin-Williams is committed to a sustainable way of working in all of its
business, production and sales processes. In addition, the Company is heavily involved with its communities and advocates a culture
of more inclusion, diversity and equity. To this end, Sherwin-Williams has launched the ‘We Stand Together’ initiative. As part of this
initiative, Sherwin-Williams is committed to advancing a culture of inclusion, diversity and equity where differences are welcomed,
celebrated and appreciated to positively impact its people and business.
22
Daimler (Germany) Truck, the TRATON GROUP and Volvo Group plan to pioneer
IT Shades
Engage & Enable
a European high-performance charging network for heavy-duty trucks
Description
The three leading commercial vehicle manufacturers Daimler Truck, the TRATON GROUP and Volvo Group have signed a non-binding
agreement to install and operate a high-performance public charging network for battery electric heavy-duty long-haul trucks and coaches
across Europe. The joint aim is to initiate and accelerate the build-up of charging infrastructure to enhance customer confidence and to
support EU’s transformation to climate-neutral transportation. The agreement lays the foundation of a future joint venture (JV) - equally
owned by the three parties, planning to start operations in 2022. The parties intend to invest together 500 million Euros to install and
operate at least 1,700 high-performance green energy charging points close to highways as well as at logistic and destination points,
within five years from the establishment of the JV. The number of charging points is with time intended to be increased significantly by
seeking additional partners as well as public funding. The future JV is planned to operate under its own corporate identity and be based
in Amsterdam, Netherlands. The future JV will be able to build on the broad experience and knowledge of its founding partners in
heavy-duty trucking. The future JV will act as catalyst and enabler for realizing the European Union’s Green Deal for a carbon-neutral
freight transportation by 2050 – both by providing the necessary infrastructure and targeting for green energy at the charging points.
23
General Motors (USA) to Source U.S.-Based Lithium for Next-Generation EV IT Shades
Engage & Enable
Batteries through Closed-Loop Process with Low Carbon Emissions
Description
General Motors has agreed to form a strategic investment and commercial collaboration with Controlled Thermal Resources to secure local and
low-cost lithium. This lithium will be produced through a closed-loop, direct extraction process that results in a smaller physical footprint, no
production tailing and lower carbon dioxide emissions when compared to traditional processes like pit mining or evaporation ponds. Lithium is a
metal crucial to GM's plans to make more affordable, higher mileage electric vehicles. The relationship between GM and CTR is expected to
accelerate the adoption of lithium extraction methods that cause less impact to the environment. A significant amount of GM's future battery-grade
lithium hydroxide and carbonate could come from CTR's Hell's Kitchen Lithium and Power development in the Salton Sea Geothermal Field,
located in Imperial, California. With the help of GM's investment, CTR's closed-loop, direct extraction process will recover lithium from
geothermal brine. As an anticipated part of its $35 billion global commitment to EVs and autonomous vehicles, GM will be the first company to
make a multi-million dollar investment in CTR's Hell's Kitchen project. As the first investor, GM will have first rights on lithium produced by the
first stage of the Hell's Kitchen project, including an option for a multi-year relationship. Batteries are and will remain one of the largest cost
drivers of EVs. Lithium is a key battery material used in the cathodes and electrolytes of GM EVs like the Chevrolet Bolt EV and Bolt EUV.
Lithium will become even more important in battery use as GM explores lithium metal batteries with a protected anode.
24
General Motors (USA) and Shell Offer Renewable Energy Solutions to U.S. IT Shades
Engage & Enable
Homeowners, EV Owners and Suppliers
Description
General Motors and Shell, through its wholly owned subsidiary MP2 Energy, LLC are collaborating to provide comprehensive energy
solutions programs to GM's customers and supply chain partners, including fixed-rate home energy plans backed by 100 percent
renewable energy resources. This program is currently available for eligible owners of Chevrolet, Buick, GMC and Cadillac vehicles in
Texas. Coming this summer, owners of electric vehicles from GM brands will have the opportunity to select home energy plans that
include the option for free overnight hours of EV charging1. This month, the companies will also begin providing GM suppliers access
to a tailored suite of renewable energy products to assist in setting and achieving their individual emissions-reduction goals. Employees
of participating GM suppliers will be eligible for the home energy plans mentioned above. General Motors is a global company focused
on advancing an all-electric future that is inclusive and accessible to all. At the heart of this strategy is the Ultium battery platform, which
powers everything from mass-market to high-performance vehicles. General Motors, its subsidiaries and its joint venture entities sell
vehicles under the Chevrolet, Buick, GMC, Cadillac, Baojun and Wuling brands. More information on the company and its subsidiaries,
including OnStar, a global leader in vehicle safety and security services, can be found at https://www.gm.com.
25
Wabtec and General Motors (USA) to Develop Advanced Ultium Battery and IT Shades
Engage & Enable
HYDROTEC Hydrogen Fuel Cell Solutions for Rail Industry
Description
Wabtec Corporation and General Motors announced they will collaborate to develop and commercialize GM’s Ultium battery
technology and HYDROTEC hydrogen fuel cell systems for Wabtec locomotives. Wabtec and GM signed a nonbinding
memorandum of understanding to advance the two companies’ shared vision of a zero emissions future in transportation.
Wabtec will bring its expertise in energy management and systems optimization, to develop a solution for heavy haul
locomotives that takes full advantage of GM’s advanced technologies. GM’s Ultium battery technology is anticipated to
provide the flexibility, efficiency, power and reliability needed for rail. Ultium Cells LLC, GM’s joint venture with LG Energy
Solution, is currently constructing battery cell plants in Ohio and Tennessee. GM’s HYDROTEC hydrogen fuel cell power
cubes are compact and easy to package and can be used in a wide range of applications, including locomotives. HYDROTEC
fuel cell systems will be assembled from globally sourced parts by Fuel Cell Systems Manufacturing LLC in Brownstown,
Michigan, the manufacturing joint venture between General Motors and Honda.
26
Great Wall Motor (China) Deepens its Strategic Partnership with Total Energies IT Shades
Engage & Enable
Description
Great Wall Motor Co., Ltd. and Total Energies, a global diversified energy company, reached two agreements in Baoding, China to
deepen the cooperative partnership in R&D and international business. GWM and Total Energies will work together to build a joint
technical R&D laboratory for new energy vehicle fluids in accordance with the two agreements. Total Energies will continue to invest in
the joint laboratory in HAVAL Research and Development Center of GWM, take the advantage of its rich experience and knowledge in
lubricant R&D to provide technical support for GWM, establish lubricant use specifications and standards, and promote the
implementation of key projects, such as transformation of existing engines and development of lubricating solutions for new engines. The
two agreements embody the long-term commitment of both GWM and Total Energies to pursue outstanding technology and develop
world-class excellent products and services to meet the needs of consumers. Cui Kai, the Vice President of GWM, and Liu Xiangshang,
the Vice President of GWM, renewed the GWM & Total Energies Lubricant Cooperation Framework Agreement and Cooperation
Statement Letter with Ian LEPETIT, the President of Total (China) Investment Co., Ltd. and Stephane DION, the Managing Director of
Total Lubricants China, in Baoding.

27
Great Wall Motor (China) and CATL Signs a 10-year Long-term Strategic IT Shades
Engage & Enable
Cooperation Agreement
Description
Great Wall Motor Company Limited and Contemporary Amperex Technology Co., Ltd. officially signed a 10-year long-term strategic cooperation framework
agreement at Baoding HAVAL Technology Center. Jack Wei, Chairman of GWM, and Zeng Yuqun, Chairman of CATL attended the signing ceremony. Cui Kai,
Vice President of GWM, and Zhu Wei, Executive President of CATL's Domestic Passenger Vehicle Business Division signed the agreement on behalf of both
parties. According to the Agreement, GWM and CATL will take advantage of their own strengths and in-depth mutual cooperation to improve the level of linkage
between supply and demand, create an efficient and collaborative competitive advantage, promote the scientific and technological progress of new energy vehicles,
and help to achieve the goals of "peak carbon dioxide emissions" and "carbon neutral". Before signing the Agreement, both parties met and reached a deep
consensus on promoting the implementation of the strategic cooperation agreement. As early as 2016, GWM and CATL have begun the cooperative development
of models. Since then, both parties have launched all-round technical R&D and supply cooperation in multiple brands such as HAVAL, WEY and ORA. This
long-term strategic cooperation is deepened and upgraded on the basis of many years of cooperation between both parties. As a world-renowned SUV and pickup
manufacturer, GWM is accelerating the transformation to a global mobility technology company and continuously creating value for users. At present, GWM has
more than 10 million users, with a sales volume of more than 1 million units for five consecutive years. Its five major brands, HAVAL, WEY, ORA, GWM Pickup
and TANK, continue to maintain the dominant position in the market segment. In the field of new energy, GWM, relying on three major technical brands,
synchronously develops the models of EV, HEV, PHEV and hydrogen energy.
28
Honda (Japan) and Komatsu Announce the Start of Joint Development of IT Shades
Engage & Enable
Micro Excavators Powered by Swappable Batteries
Description
Honda Motor Co., Ltd. and Komatsu Ltd. announced they have signed a basic agreement and begun joint development to electrify Komatsu micro excavators
using the Honda Mobile Power Pack and to strive to establish a battery-sharing system for the civil engineering and construction industry which will enable
mutual use of MPPs among various types of construction machinery and equipment. The two companies have been at the forefront of the industry in taking
initiative to realize products with low environmental impact. Honda has been expanding the lineup of products powered by MPPs, and Komatsu introduced
a battery-powered mini excavator to the Japanese market in April 2020. Through this joint development, the two companies will electrify the Komatsu PC01
micro excavator by equipping it with Honda MPPs and an electrified power unit (eGX). Among various construction machines Komatsu offers, the PC01 is
most likely to be used for various functions at worksites near people, trees, flowers and ornamental plants, including pipe-laying, landscaping and agricultural
and livestock work. The two companies will strive to introduce the electrified Komatsu PC01 before the end of the current fiscal year, ending March 31, 2022.
In addition to significantly reducing noise and exhaust heat, electrification of the micro excavator will reduce its environmental impact by realizing “zero
exhaust gas emission,” which enables users to work comfortably in various indoor and outdoor work environments. Moreover, by taking advantage of the
unique features of MPP as a swappable battery, the user can continue using the electrified equipment without waiting for a MPP to recharge. By powering
Komatsu equipment with Honda MPPs, the two companies will strive to make energy supply easier and realize enhanced convenience for customers.
29
Hyundai Motor (South Korea) and Kia Collaborate with Next Hydrogen to IT Shades
Engage & Enable
Develop Advanced Alkaline Water Electrolysis System
Description
Hyundai Motor Company and KIA Corporation have signed a memorandum of understanding with Next Hydrogen Corporation, a Canadian company specializing
in water electrolysis technology and a subsidiary of Next Hydrogen Solutions Inc., bolstering their efforts to usher in a global hydrogen society through
cost-effective production of clean hydrogen. Under the agreement, the companies will jointly develop an alkaline water electrolysis system and its related stack for
the purpose of generating green hydrogen economically and exploring new business opportunities and technological applications. Among the various methods of
water electrolysis, the alkaline water electrolysis system is regarded as technologically one of the most rigorously tested and proven means with a long track record
of research and development. Also, it has the advantage of being able to produce large-scale hydrogen and using relatively inexpensive catalysts, making facility
costs low. The aim is to advance stack-related technologies that are at the core of the alkaline water electrolysis system to reduce the cost of building the system
and maintaining/operating the system. The key benefit to be derived from the project is that by enhancing the performance of stack-related technologies in the
alkaline water electrolysis process, it will be possible to develop a new stack which can be operated at high current density[2] and produce green hydrogen
economically. The newly developed stack will use Hyundai Motor and Kia’s component technology related to electrodes, bipolar plates and current collectors,
combined with Next Hydrogen’s design technology. Hyundai Motor and Kia will also oversee the test performance of the new stack. A pilot test is planned for next
year, and the companies will also explore potential technological applications and commercial arrangements.
30
Hyundai Motor (South Korea) Group and Rhode Island School of Design IT Shades
Engage & Enable
Announce Collaboration to Research Future of Cities
Description
Hyundai Motor Group (Hyundai) and Rhode Island School of Design (RISD) announced a research collaboration exploring new relationships
between advanced technologies, public environments and personal experiences. Within each of these topics, nature is conceived of as a
complex and technologically mediated point of departure for new ways of viewing and making the world. Through RISD’s Research &
Strategic Partnerships program, the partnership with Hyundai elevates the expertise of faculty and the experimental creativity of students to
conceive of future realities. This joint research project builds upon the new collaborative research platform created by RISD solely for
Hyundai in 2020. In this second year of partnership, five faculty members at the world-renowned design school leveraged their expertise to
explore study areas supported by 32 students. Students were selected through a highly competitive process involving 16 departments at RISD.
The 10 departments ultimately represented in the cohort include Architecture, Global Arts and Cultures, Graphic Design, Illustration,
Industrial Design, Interior Architecture, Jewelry + Metalsmithing, Liberal Arts, Painting and Textiles. This year, a Hyundai task force created
to support the students’ research included designers from both Hyundai Motor and Kia’s global design centers. Offering different perspectives
and technological tools, four distinct areas of “adaptive ecologies” were examined: surfaces, societies, futures and textile research.
31
Hyundai Motor (South Korea) Group Deepens Partnership with Grab to IT Shades
Engage & Enable
Accelerate EV Adoption in Southeast Asia
Description
Hyundai Motor Group and Grab Holdings Inc. announced an enhancement of their ongoing strategic partnership in mobility services. The next phase of the
partnership will focus on accelerating EV adoption in Southeast Asia. The Group, including Hyundai Motor Company and KIA Corporation which are the
Group’s affiliates, and Grab will further develop new pilots and initiatives that lower the barriers of entry for Grab driver and delivery-partners to adopt EVs,
such as lowering the total cost of ownership and reducing range anxiety. Survey results from initial EV pilot in Singapore found that high costs, lack of
charging locations and long waiting times for charging are top barriers hindering Grab driver-partners from adopting EVs [1]. Hence, the enhanced
partnership will focus on addressing some of these barriers by piloting new EV business models such as leasing EVs with a battery-as-a-service model or
car-as-a-service model, and EV financing. Both parties will also develop a joint EV roadmap to accelerate adoption in Southeast Asia. The pilot programs
will start in 2021, beginning in Singapore, and expand to Indonesia and Vietnam. As part of the roadmap development, the two parties will also conduct an
EV feasibility study. The intent is to gain a deeper understanding into the gaps and barriers to wider EV ownership and adoption, then translating the findings
from the study into practical ways to further develop the EV ecosystem. These insights will provide governments and ecosystem partners with ideas and best
practices on how EV policies can be shaped to better address the day-to-day operational routines of ride-hailing drivers and delivery-partners. This comes at
a critical time as last-mile logistics and deliveries continue to experience unprecedented growth, and EVs can play a huge role in reducing carbon emissions
from vehicles.
32
Woven Alpha, Isuzu (Japan) and Hino Begin Exploring the Use of Automated IT Shades
Engage & Enable
Mapping Platform
Description
Woven Alpha, Inc. a group company of Woven Planet Holdings, Inc., a subsidiary of Toyota Motor Corporation ("Toyota"), Isuzu Motors Limited,
("Isuzu"), and Hino Motors, Ltd. announced an agreement to proceed with talks to utilize the Automated Mapping Platform developed by Woven
Alpha. AMP is a connected crowd sourced software platform that supports the creation, development and distribution of high definition ("HD")
maps - a key enabler for smart and safe automated mobility. AMP provides high-precision data driven maps by utilizing vehicle fleet data and
advanced satellite imagery technology. AMP HD map includes several layers of data rich information of road objects such as lanes, road signs,
traffic lights, and other objects, as well as that of road curves and topography creating an accurate representation of the road while keeping it
updated. The Woven Alpha team plans to develop AMP to become the most globally comprehensive road and lane network HD map platform
enabling high-precision localization support to automated driving vehicles. With the aim of realizing smarter and safer logistics through automated
driving and Advanced Driver Assistance System ("ADAS") using HD maps, Isuzu and Hino will examine the potential application of AMP on the
domain of small commercial-purpose trucks. The initiative aims to contribute to the dissemination of safer automated driving and ADAS with
Commercial Japan Partnership Technologies Corporation that intends to accelerate CASE responses, which Toyota announced with Isuzu and
Hino.
33
Joint venture between Nissan (Japan) and Mitsubishi Motors marks 10 years IT Shades
Engage & Enable
Description
The joint venture between Nissan Motor Co., Ltd. and Mitsubishi Motors Corporation, NMKV Co., Ltd., has marked ten years since its founding.
Nissan and Mitsubishi Motors established NMKV on June 1, 2011 as a 50/50 joint venture engaged in product planning and project management
for minivehicles sold in the Japan market. NMKV, with the combined strengths of Nissan and Mitsubishi Motors in fields such as product planning
and development, design, and purchasing, aims to consistently deliver competitive products to customers. issan and Mitsubishi Motors collaborate
closely from the product planning stage while pursuing distinct designs that embody the two brands. This results in models with a high level of
competitiveness that fuse the knowhow and advanced technologies of the two companies. Models from both brands have earned high acclaim, with
many winning prestigious awards. The latest Nissan ROOX and Mitsubishi eK space and eK X space were awarded “K Car of the Year” in the
2020-2021 Car of the Year Japan awards.Mitsubishi Motors’ Mizushima Plant has made an investment of around eight billion yen, which is the
first collaboration between Nissan and Mitsubishi Motors toward starting production of new electric minivehicles, and NMKV is working with
both companies to promote this project. Going forward, NMKV will continue to contribute to strengthening the domestic competitiveness of
Nissan and Mitsubishi Motors through the planning of new and attractive products and project management.
34
Tata Motors (India) partners with IndusInd Bank to provide exclusive offers IT Shades
Engage & Enable
on passenger vehicles to its customers
Description
In an effort to make its New Forever range of Tata Motors cars and UVs more accessible in these challenging times, Tata Motors, India’s leading
automotive manufacturer, has rolled out exciting finance offers for its passenger vehicle customers in collaboration with IndusInd Bank. The company
has been partnering with banks to provide lucrative offers for its customers. As part of this partnership with IndusInd Bank, the Company will provide
the Step Up scheme where the customers can choose and buy from the safest range of passenger cars in the country, with a special low EMI option
scheme for the first 3-6 months. Under the Step Up scheme, customers can now avail EMI options lowered by 60% starting from INR 834/- per lakh
per month, depending on the scheme and the products at an attractive interest rate. As per the scheme, the EMI payments will remain lower for a period
of 3-6 months depending on the convenience of the buyer. This will be provided with non-income proof funding and flexible tenor options ranging from
1 to 7 years depending on the product and variant. Furthermore, while the purchase of the Harrier, Safari or Tigor gets a loan to value (LTV) of up to
85% on the ex-showroom price, purchase of Tiago, Nexon or Altroz will make the customers eligible to get an LTV of 90%.To know more about offers
and car buying options, call your nearest dealership or visit https://cars.tatamotors.com/. Customers can also enquire, request a test drive, make
bookings, and select their preferred financing option via ‘Click to Drive’, Tata Motors’ end-to-end online platform, from the comfort and safety of their
homes.
35
Tata Motors (India) partners with J&K Bank to bring attractive financing IT Shades
Engage & Enable
options for its customers
Description
The partnership will enable easy commercial vehicle financing at competitive interest rates and extended loan tenure. Tata
Motors, India’s largest commercial vehicle manufacturer, has signed a two-year Memorandum of Understanding (MoU)
with Jammu & Kashmir Bank, the largest commercial vehicle financier in the union territory of Jammu and Kashmir, in a
collaborative effort to bring attractive and easy financing options to its customers. The beneficial offerings, arising out of
this partnership, will be applicable across Tata Motors’ commercial vehicle range. The company will offer special Tata
Delight points for joint customers of Tata Motors and J&K Bank on the purchase of its heavy, medium and intermediate
trucks. Tata Motors will offer special vehicle maintenance program for the J&K Bank-financed small commercial vehicles
and pick-up trucks. J&K Bank will provide special Loan-to-Value (LTV) ratios, and extended tenure for all vehicle
segments with competitive interest rates. J&K Bank has the widest network in the union territory of Jammu and Kashmir,
with over 950 branches, across the country.

36
Conclusion of an Agreement for Global Business Alliance between TB Kawashima,
IT Shades
Engage & Enable
a group of Toyota (Japan) Boshoku Corporation and AUNDE Achter & Ebels
Description
TB Kawashima Co, Ltd. a consolidated subsidiary of Toyota Boshoku Corporation and AUNDE Achter & Ebels GmbH
concluded a business alliance agreement to reinforce the competitiveness in the global market of interior material business
for transportation vehicle. The automobile industry is said to be in a transitional period once every 100 years, including
changes to CASE and MaaS. Along with the growing awareness of environmental issues, it is also essential for interior
material manufacturers to respond to those changes. Under such circumstances, TB Kawashima and AUNDE have been
working to further enhance their competitiveness based on their respective global bases. The two companies already
started operating joint venture in India last year, and have now entered into this new global agreement to develop the
business alliance including other markets as well where growth is expected in the future. Through mutual utilization of
knowledge, know-how and resources related to interior materials for transportation vehicle, TB Kawashima and AUNDE
will make further efforts to provide attractive products that better meet customers’ expectations.
37
Valeo (France) and Omega Seiki join hands to accelerate two and three wheelers IT Shades
Engage & Enable
electrification in India
Description
Valeo, the world leader in automotive electrification technology, and Omega Seiki Mobility part of Anglian Omega Group, have signed a Memorandum of
Understanding (MoU), through which Valeo will provide the electric powertrains for OSM Vehicle Range. Valeo will provide its 48V electric powertrain
system (reducer, integrated Motor and Inverter) along with the Powertrain Control Unit for Omega Seiki Mobility cargo three-wheelers “Rage+ and Rage+
Frost”. In addition, Valeo’s engineers will provide the technology integration support to help Omega Seiki Mobility to go to the market quickly. Valeo and
Omega Seiki Mobility will further collaborate for the upcoming vehicle models to be manufactured by the company in India. Valeo, pioneer and world leader
in 48V affordable systems, launched, in 2020, fully integrated compact 48V electric powertrain system in India to aid affordable electrification for small
mobility vehicles – two and three wheelers, that are extensively used for first and last mile connectivity in the country. As a world leader in automotive
electrification technology, Valeo offers both low and high voltage solutions and its technologies power all types of vehicles from two – and three -wheel urban
vehicles to premium sedans and SUVs. Through the Valeo Siemens eAutomotive joint venture, Valeo is the world number one in high-voltage i.e., greater
than 60V systems for electric vehicles. In India, Valeo produces electric powertrain from its manufacturing facility in Pune, Maharashtra. Omega Seiki
Mobility, which has its EV manufacturing plant in Faridabad, launched its first electric three-wheeler in the country in early 2020 and the company aims to
become a complete mobility solutions provider in the three-wheeler and two-wheeler market.
38
Valeo (France) and Navya strengthen their technological and industrial IT Shades
Engage & Enable
collaboration
Description
Valeo and Navya have decided to step up their technological and industrial collaboration in the field of autonomous shuttles. The Navya shuttles (180 units sold as
at December 31, 2020) which are operated worldwide are already equipped with Valeo technologies. The aim is to ramp up the Research and Development program
to build level 4 autonomous driving systems that can be brought to market within the next three years. Valeo will provide Navya with the sensors and associated
algorithms that will enable the vehicle to closely perceive its surroundings, and Navya will share the technical and functional data collected during
experimentations. At the end of this phase, Valeo will manufacture and supply the selected components, so that they can be integrated in the autonomous driving
solutions marketed by Navya. From a technological perspective, the collaboration will focus in particular on the following components: cameras, artificial
intelligence softwares and electronic control units (ECUs). In terms of driving assistance (ADAS), Valeo has the most extensive portfolio of technologies on the
market, all of which are manufactured on a large scale. They include ultrasonic sensors, cameras, radars and the first 3D LiDAR to enter series production and meet
the demanding specifications of the automotive industry. Valeo also provides the brain of the technology – the control unit – which combines and processes the
data collected. The control unit maps out a detailed 360° image of the vehicle’s surroundings and uses algorithms to detect objects and provide safety functions.
This technological, industrial and commercial partnership builds on the longstanding cooperation agreements between the two companies, particularly those
concerning the sensors used on the Autonom® Shuttle. The applications resulting from the first phase of development are expected in the third quarter of 2022.
39
Volkswagen Group (Germany) and Gotion High-Tech team up to industrialize IT Shades
Engage & Enable
battery cell production in Germany
Description
Volkswagen Group and Gotion High-Tech Co., Ltd. deepen their partnership. Based on a substantial shareholding agreement in May 2020, the Wolfsburg-based
automobile company entered a strategic cooperation framework with the major Chinese battery producer headquartered at Hefei. The goals of both partners are to
industrialize the planned battery cell production at the Salzgitter site of Volkswagen Group Components and to develop first use cases of the Volkswagen unified
cell concept for the volume segment. Both projects are part of the overarching plan of Volkswagen Group ‒ outlined at the Power Day event in March ‒ to
significantly reduce battery complexity and costs while boosting range and charging performance in order to make the electric car still more attractive. Both sides
will team up for fast cell industrialization at the Volkswagen-owned Salzgitter plant with Gotion High-Tech acting as technology partner for the cell factory layout,
machinery, and production processes. In addition, Volkswagen (China) Investment Company Ltd. (VCIC) and Hefei Gotion High-Tech Power Energy Co., Ltd.
agreed that Gotion High-Tech will develop the first generation of unified cells for the volume segment. The new activities will not affect ongoing contracts with
other battery suppliers. While the Salzgitter traditional engine plant is consequently transforming, a new battery production cell hub will be built up in partnership
with Gotion High-Tech. At the site, a Group-wide Center of Excellence Battery Cell with extensive cell laboratories, a pilot line for cell production, and a pilot
plant for battery recycling are the solid foundation for the imminent construction of the cell factory with scheduled start of production in 2025. In Europe alone,
Volkswagen Group will establish six gigafactories with a total production capacity of 240 GWh together with partners ‒ in order to secure battery cell supply and
achieve large economies of scale implementing the unified cell concept as well as numerous production innovations.
40
IT Shades
Engage & Enable
Environment & Social Updates

Automotive Industry

Environment & Social Updates
Toyota (Japan) Material Handling Europe moves towards net-zero future IT Shades
with 100% renewable electricity Engage & Enable
Description
Toyota Material Handling Europe has confirmed that it uses 100% renewable electricity in its European operations as of April 1
2021. The switch involves every single one of the organisation's European entities and represents a significant advancement
towards its ambitious sustainability goals. On its own, it achieves 15% of the required progress towards the 2030 target of net zero
emissions from operations. Mjölby, Sweden (June 3, 2021) - Toyota Material Handling Europe has announced that all its
operations across Europe now source 100% of their electricity renewably, with no associated CO2 emissions. This transition was
finalised as of April 1 2021, but is the result of continuous efforts since 2018, since when Toyota Material Handling Europe has
steadily grown its proportion of electricity that comes from renewable sources. It covers all entities and locations: five factories,
21 national sales companies, three head office facilities in Sweden, and several warehouses. This is the single highest-impact
project Toyota Material Handling Europe has completed on its road to net zero emissions so far. When it started tracking
sustainability data in 2012, it calculated that CO2 emissions from electricity represented 15% of its total emissions.
41
IT Shades
Engage & Enable
Miscellaneous

Miscellaneous Updates
Bridgestone (Japan) Announces Expansion of Renewable Electricity Use at Four IT Shades
Engage & Enable
Domestic Tire Plants as Part of the Global Sustainability Business Framework
Description
Bridgestone Corporation (Bridgestone) announced that it has switched all the electricity sourced from external sources to renewable energy
including hydro, geothermal, solar, and wind energy to power four domestic tire plants in Japan - in Hikone, Tosu, Shimonoseki, and
Kitakyushu. The first plant to adopt renewable energy to power manufacturing operations was the Hikone Plant, on June 1. The other three
plants made the change on July 1, 2021. This change of energy source is expected to reduce approximately 11 points in annual CO2 emissions
produced by Bridgestone domestic tire plants, and the total reductions of CO2 emission including initiatives done by 2020 will be
approximately 30% when compared to 2011. The ratio of renewable electricity at domestic tire plants will be increased to approximately
42%*2. Bridgestone will continue to reduce CO2 emissions by expanding renewable energy use, improving tire production energy efficiency,
and installing new solar power generation systems in all the domestic tire factories through 2030. Bridgestone Group is moving ahead with
Sustainability Business Framework through the implementation of its Mid Term Business Plan (2021 - 2023)*3 that aims to realize its vision
to provide social value and customer value as a sustainable solutions company toward 2050. The Sustainability Business Framework is
designed to contribute to realizing resource circulation, CO2 reduction, a circular economy and carbon neutrality throughout its businesses.
42
Miscellaneous Updates
Volkswagen Group (Germany) continues switch to low-emission logistics with IT Shades
Engage & Enable
LNG ships
Description
Volkswagen is the first automaker to transport most of its new vehicles overseas using low-emission LNG ships. After the first two LNG car
carriers entered service in 2020, Volkswagen Group Logistics has now ordered four more ships with dual-fuel engines that can be powered with
environmentally friendly liquid gas. They should be traveling the world’s oceans by the end of 2023, serving the North American route between
Emden in Germany and Veracruz in Mexico. On the return trip, the LNG ships will transport new vehicles destined for Europe. Soon, six of the
nine car carriers crossing the North Atlantic for Volkswagen will be powered by LNG. The further decarbonization of shipping will result in
substantial CO2 reductions, with the use of liquid gas enabling Volkswagen to cut the ships’ CO2 emissions by up to 25 percent (tank-to-wake).
“In line with the Group’s commitment to e-mobility and climate-neutral production, the LNG fleet used by Logistics represents a major
contribution to making Volkswagen net carbon neutral by 2050,” says Simon Motter, Head of Volkswagen Group Logistics. Volkswagen was one
of the first car manufacturers to subscribe to the goals of the Paris Climate Agreement that aim to limit global warming to significantly less than
two degrees by 2050. The Volkswagen Group has therefore committed to e-mobility as well as to the sustainable production and use of new electric
vehicles. The company follows the principle of focusing first on the avoidance of CO2 emissions and then on reducing emissions as far as possible.
Only unavoidable emissions are offset by climate protection measures.

43
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1. Financial, M & A Updates...................................................................................................................................1

3. Rewards and Recognition Updates...................................................................................................................13

4. Customer Success Updates................................................................................................................................19

5. Partnership Ecosystem Updates.......................................................................................................................22

6. Environmental & Social Updates.....................................................................................................................41

For any queries, Please write to marketing@itshades.com

For any queries, Please write to marketing@itshades.com

Description Executive Commentary

Darmstadt, Germany, and as previously announced, AKASOL will be run

independently. Subject to approval of the shareholders at the AKASOL annual

general meeting on June 30, 2021, BorgWarner expects to be represented with

three of the five members of AKASOL’s Supervisory Board. BorgWarner will

ownership of AKASOL including, without limitation, the delisting of

Description Executive Commentary

value spectrum making it easier for customers and consumers to

choose Goodyear- and Cooper-branded tires.

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or the slopes – the new GS4 can handle them all.

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understanding of bio-electricity to further enhance the driving experience.

• An expanded beam can be tolerant of the contaminations on the end face.

• Easy material management.

• Simplex design, no gender, no conventional guide pins.

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Rewards & Recognition

For any queries, Please write to marketing@itshades.com

by assessment criteria such as formal quality, ergonomics, and longevity.

other companies): reduction by 30% from the FY 2018 level by FY2030

and data partners.

• Smart lighting systems.

Customer Success Updates

For any queries, Please write to marketing@itshades.com

For any queries, Please write to marketing@itshades.com

celebrated and appreciated to positively impact its people and business.

Total Lubricants China, in Baoding.

with over 950 branches, across the country.

Environment & Social Updates

For any queries, Please write to marketing@itshades.com

For any queries, Please write to marketing@itshades.com

Only unavoidable emissions are offset by climate protection measures.

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