JTA NEWS
21 January 2018 - 5 Shevat 5778 - ה' שבט ה' אלפים תשע"ח
JTA NEWS :
Business
South Korean car manufacturers tighten grip on Israeli market E-mail

According to sources in Israel, 20,000 of the record 70,500 new cars sold in Israel in January and February 2017 were Hyundai and Kia models. Deliveries of these two brands have been, to a considerable extent, the result of a massive wave of deliveries of the two new hybrid models, the Hyundai Ioniq and the Kia Niro.

It is obviously impossible to analyze sales trends based on only two months of data, but there is no doubt that this trend is exceptional on an international scale, and is likely to gain momentum. Evidence of this can been seen in the South Korean news agencies, which recently gave headline coverage to the sales figures for the Israeli market in 2016. The Yonhap news agency, for example, stated: “The leading automakers in South Korea, Hyundai Motors and Kia Motors, controlled the Israeli car market in 2016, leaving Toyota and other Japanese manufacturers far behind.”

The citing of a victory over the Japanese manufacturers, rather than the European manufacturers, is no accident. The South Koreans have a major grudge against the Japanese, and beating them in the global auto market is a matter of national pride. “Hyundai conquered 13.6% of the Israel car market last year, and Kia’s market share was 13.3%. Israel has become one of the three largest auto markets in the Middle East, after growing 12.5%,” the report said.

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India and Israel in military deal E-mail

In a deal valued at over US$2.5 billion, India and Israel will co-develop and produce a medium-range surface-to-air missile for use by the Indian Army.

An official from India’s Ministry of Defence (MoD) said the weapon, dubbed MRSAM, will be produced by the state-owned Bharat Dynamics Limited (BDL) in partnership with other stateowned and private defence companies, but refused to say who will own the data package for the technology.

“The formal clearance for the MRSAM project has been given by the Cabinet committee on security headed by the prime minister,” the MoD official said. A formal contract will be awarded soon.

Israel Aerospace Industries (IAI) executives were unavailable for comment. The MRSAM will be developed jointly by India’s state-owned defence research agency, the Defence Research and Development Organization (DRDO), and IAI. The weapon will have the capability to shoot down enemy aircraft and drones at a strike range of between 50 and 70 kilometres.

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SAIC to set up R&D centre in Israel E-mail

Shanghai Automotive Industry Corporation (SAIC) will establish a Research & Development (R&D) centre in Israel for advanced auto technologies, the company announced recently in China.

The company said the centre would focus on development and venture capital investment in “electrical propulsion, data networks, car sharing, and smart automated propulsion”. According to Globes, the centre is part of a global plan in which the company is expanding its R&D worldwide. It recently opened a similar centre in Silicon Valley, US.

The company’s advance team is already in Israel, and its branch there is slated to expand to 50 employees. It is believed that SAIC’s business in Israel will be located in the new management centre of the Lubinski group in Meuyan Sorek. Lubinski has been the official importer for SAIC in recent years, and has sold several thousand units of the brand to date.

SAIC, a Fortune 100 company that is one of the four largest Chinese auto manufacturers, is a Chinese Government company and sells nearly five million vehicles a year.

The auto industry believes that this is just the spearhead of R&D and venture-capital investment by Chinese auto manufacturers in Israeli auto-tech. Early in March, a new auto-tech entrepreneurship and innovation centre owned by Chinese company Geely, with Volvo as a partner, was inaugurated in Israel.

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Autotalks teams up with Taiwan’s RoyalTek E-mail

Autotalks, an Israeli semiconductor company that makes vehicle-to-vehicle communication systems for use in autonomous driving cars, and Taiwan’s RoyalTek, a maker of global positioning systems (GPS) and satellite navigation technology, have joined forces to improve road safety.

The two companies made their announcement in January at the consumer electronics tradeshow CES 2017 in Las Vegas, Nevada, US.

The companies said they will develop a new vehicle-topedestrian product in which cars equipped with Autotalks’ V2X semiconductor chips will be able to “talk” to pedestrians who use RoyalTek’s OMEN device. Designed as a phone case, the OMEN is equipped with chips that will send alerts to pedestrians, cyclists and motorcyclists on their phones when cars get dangerously close and there is a risk of a crash. The joint product is currently at the prototype stage.

The algorithms that define what constitutes a risky or dangerous situation still need to be worked out, along with what form the alert will take – at the moment it is a visual alert on the phone, but a vibration or ring could be added to increase its impact, Autotalks said. The product will also be hacker-proof, allowing regular consumer cellphones to be used without compromising their privacy or security.

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Elbit Systems secures Asia-Paci c contract E-mail

Elbit Systems has won a contract worth approximately US$110 million from an Asia-Paci c country for the upgrade and maintenance of dozens of Mi-17 helicopters.

The project will be carried out over a five-year period. The solutions are tailored to meet customer demands, whether they are for a single system, large-scale systems, structural upgrades or maintenance and support.

Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems said: “Since the ‘ageing helicopter’ market is growing rapidly and includes numerous Eastern platforms, we hope other customers will follow the selection of our modernisation solutions.”

According to Defenseworld.net, Mi-17 helicopters are own in India, Myanmar, Nepal, Sri Lanka, Vietnam and Thailand.

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