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Siemens Jumps Into Electric Vehicle Market

Green Chip Stocks

siemens logo Siemens Jumps Into Electric Vehicle Market

In order to demonstrate the benefits of centralized ICT  (Information and communication technology) architecture, the Corporate Technology Research department at Siemens and its partners are teaming up to build the next generation of electric cars.

Funded by the German Federal Ministry of Economics and Technology, project RACE (Robust and Reliant Automotive Computing Environment of Future eCars) will run for three years during which time the electric car prototypes – the Evolution and the Revolution – will be constructed.

For the Evolution, researchers intend to replace existing vehicle technology periodically with new components adding features like autonomous parking and inductive charging. Conversely the “Revolution” prototype will be built from scratch.

Driver assistance, safety, and infotainment features will be installed as software in the new vehicles as opposed to being managed in control units. Designers say this will reduce the current complexity of the ICT architecture and at the same time increase ICT power.

The multitude of tasks and functions performed by today’s modern vehicles calls for increasingly complex ICT architecture, but the inherent complexity in these models makes the integration of new features difficult and labor-intensive.

Electro-mobility allows manufactures to rework the ICT architecture and to quickly integrate new functions.  With the ease of integration Electro-mobility offers, the partners want to coalesce all the functions in a few central computers with a single bus System.

Such a system would allow new systems to be installed via Plug&Play technology, eradicating the need for extra control units and making complex wiring obsolete. The new ICT should also allow vehicles to communicate with upcoming intelligent power grids and transport systems.  These capabilities can lead to the development of new functions like “autopilot”, which would steer the vehicle automatically.

Until Next Time

Nate

Siemens Focusing on New Technology for Electric Cars originally appeared in Green Chip Stocks. Green Chip Review is a free 2x-per-week newsletter, is the first advisory to focus exclusively on investments in alternative and renewable energies.

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Green Chip Stocks Editors & Contributors Jeff Siegel Jeff Siegel is the managing editor of Green Chip Stocks, an independent investment research service that focuses exclusively on renewable energy and organic and natural food markets. Nick Hodge One of the bright young minds in today's cleantech industry, Nick is putting his knowledge of nascent green markets to use in several ways... Nick is the co-author of a best-selling book and has interviewed dozens of times for TV and Web; his keen insight, uncanny foresight, and global contacts have led to double- and triple-digit wins for his readers, time after time.