Latest news with #MarkusSchaefer
TimesLIVE
04-07-2025
- Automotive
- TimesLIVE
China seeks safe and quick progress on assisted driving technology
In its push for assisted-driving technology, and ultimately fully self-driving cars, Beijing is seeking to help homegrown carmakers in the same way it supported China's rapid rise to become the world's electric car juggernaut. Last year, China's government lined up nine carmakers for public tests to advance the adoption of self-driving cars. In their Level 3 push, Chinese regulators also are upping the regulatory ante by holding carmakers and parts suppliers liable if their systems fail and cause an accident. Legislation passed in Britain last year adopted a similar approach to liability. At the Shanghai auto show in April, several companies touted progress toward rolling out vehicles with Level 3 capability. Tech giant Huawei said it is ready to introduce a Level 3 system for highways after simulated testing of more than 600-million kilometres. It showed a video of drivers and passengers singing karaoke as the car drove itself. Geely's Zeekr brand debuted the luxury SUV 9X, featuring Level 3 software the carmaker said is ready for mass production in the third quarter if regulations allow. Zeekr is also applying to be part of a second batch of carmakers to undergo government Level 3 validation tests. Traditional carmakers at the Shanghai auto show such as Mercedes-Benz and Volkswagen said they were pushing their most advanced assisted driving features but stopped short of crossing the Level 3 liability line. Getting there is a challenge as they are at a cost disadvantage against their Chinese rivals, analysts said. Mercedes-Benz CTO Markus Schaefer told Reuters while chip and computing power prices have fallen, the additional safety required for Level 3 will cost much more.
Yahoo
31-03-2025
- Automotive
- Yahoo
u-blox Appoints Helen Xu as Chief Growth Officer
THALWIL, Switzerland - March 31, 2025 (NEWMEDIAWIRE) - u-blox (SIX:UBXN), a global leader in positioning and short-range communication technologies for automotive, industrial, and consumer markets, announces that its Board of Directors has appointed Helen Xu as Chief Growth Officer and member of the Executive Committee, effective April 1, 2025. She succeeds Markus Schaefer, who will be leaving u-blox to pursue new opportunities. With a distinguished 30-year career in the automotive and semiconductor industry, Helen brings extensive global experience spanning North America, Asia, and Europe. Between 2019 and 2024, she served as Senior Vice President and Executive Committee member at Gentherm Inc., a Tier 1 automotive supplier, where she was Managing Director for Asia and in her global role, she also led the strategic development of comfort product solutions. Prior to Gentherm, she led Infineon's Automotive business in China, Hong Kong, and Taiwan as Vice President, driving significant business growth between 2012 and 2019. Earlier in her career, she held senior leadership roles at International Automotive Components (IAC) Group and Lear Corporation. Helen is a U.S. citizen and holds a Master of Business Administration from Walsh College, a Master of Science in Mechanical Engineering from Oakland University, and a Bachelor of Science in Mechanical Engineering from Kettering University. Stephan Zizala, u-blox's CEO, commented: "The Board of Directors, the Executive Committee and the whole u-blox team would like to thank Markus Schaefer for his contribution to u-blox. Under his six- year tenure, u-blox achieved record-breaking revenue, expanded its customer base, and secured major business wins across key market segments. We wish him all the best in his future endeavors." "We are happy to welcome Helen Xu as Chief Growth Officer. We are looking forward to her contribution to u-blox based on her broad industry, sales and cultural experience." For further information, please contact: Investor Relations Rafael Duarte Phone: +41 43 547 0693 u-blox (SIX:UBXN) is a global leader in automotive, industrial, and consumer markets, driving innovation through our cutting-edge positioning and short-range communication technologies. We are the pioneers behind high-precision technologies, providing smart and reliable solutions that enable people, vehicles, and machines to determine their precise position and communicate wirelessly. With headquarters in Thalwil, Switzerland, and offices across Europe, Asia, and the USA, we are making a global impact. Join us on social media - X, Facebook, LinkedIn, and Instagram - to shape a precise future. ( Join us on social media - X, Facebook, YouTube, LinkedIn and Instagram. DisclaimerThis release contains certain forward looking statements. Such forward looking statements reflect the current views of management and are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements of the u blox Group to differ materially from those expressed or implied. These include risks related to the success of and demand for the Group's products, the potential for the Group's products to become obsolete, the Group's ability to defend its intellectual property, the Group's ability to develop and commercialize new products in a timely manner, the dynamic and competitive environment in which the Group operates, the regulatory environment, changes in currency exchange rates, the Group's ability to generate revenues and profitability, and the Group's ability to realize its expansion projects in a timely manner. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in this report. u blox is providing the information in this release as of this date and does not undertake any obligation to update any forward looking statements contained in it as a result of new information, future events or otherwise. Sign in to access your portfolio
