Freudenberg Group, a renowned global technology conglomerate celebrating its 175th anniversary this year, has announced unprecedented financial achievements for the fiscal year 2023. The conglomerate reported a historic surge in both revenues and operating profits, with sales reaching USD 12.8 billion, marking a 1.3 percent increase from the previous year's figures. Additionally, the operating profit soared to USD 1.19 billion, an impressive 15 percent rise compared to the preceding year, and breaking the USD 1 billion mark for the first time in the company's history.

The robust performance was underscored by Freudenberg's steadfast commitment to innovation, customer-centric strategies and adaptable problem-solving approaches across diverse industries. The conglomerate's success story reflects its unwavering dedication to delivering cutting-edge solutions and fostering strong relationships with its clientele on a global scale.

Freudenberg's Indian arm also experienced remarkable growth, reporting substantial sales of over INR 38 billion for the fiscal year 2023. Demonstrating its confidence in the Indian market, the group announced investments totalling close to INR 3.5 billion slated for the CY2024. These investments are earmarked for enhancing facilities in key regions such as Punjab, Karnataka and Tamil Nadu. 

Notably, Freudenberg inaugurated a new production facility in Morinda, India, catering to its Vibracoustic Business Group and Freudenberg-NOK India joint venture. Moreover, the company's exports from India amounted to nearly INR 8 billion, highlighting its significant contribution to the country's economy.

In line with its global sustainability initiatives, Freudenberg Group is spearheading the transition towards renewable energy sources, aiming to achieve carbon neutrality by 2045. Sustainability lies at the core of Freudenberg's operations, with a focus on optimising energy and material resource utilization. The conglomerate is committed to reducing its CO2 emissions to zero by 2045 through a multifaceted approach encompassing energy conservation, electrification and the generation of green electricity.

Freudenberg's proactive stance towards sustainability is evident in its ongoing endeavours to harness renewable energy including solar and wind power systems. The conglomerate has installed approximately 20 new photovoltaic systems worldwide with plans for an additional 60 systems at various stages of planning and execution. These initiatives underscore Freudenberg's unwavering commitment to environmental stewardship and its determination to mitigate carbon emissions on a global scale.

Commenting on the group’s annual results and its financial figures made public, Chief Executive Officer, Dr. Mohsen Sohi, said, “Numerous records were set during fiscal year 2023. We achieved the highest figures ever for sales and operating profit. When we look back over the past 10 years, it becomes clear how impressive these figures are. Within a single decade, we have roughly doubled our sales and operating profit with an average annual growth rate of 6 and 7.7 percent, respectively. Our investments in research and development have grown by 9.4 percent annually, even more strongly and almost tripling. I would like to thank all our employees worldwide. Their commitment enabled us to achieve these historic results.”

Speaking at the occasion Director of Freudenberg Regional Corporate Center for India, G. Sivasailam, said, “As Freudenberg commemorates 175 years of operations globally this year, it is indeed a proud moment for Freudenberg India to be part of the continued growth journey. Freudenberg Group has been committed to its growing operations in the country, across diverse domains and across the group companies. We are continuing to invest in the expansion of our facilities and 2024 promises to be another year of key milestones we will achieve in India.”

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Technology firm AUMOVIO and adhesive manufacturer tesa have entered a partnership to introduce a new mechanical integration solution for automotive displays.

The collaboration focuses on a robotic bonding process that allows for debonding-on-demand, a feature designed to facilitate repairs and recycling throughout a vehicle's life cycle.

The system utilises a 2 mm wide adhesive tape that is applied robotically, providing an immediate load-bearing bond without curing time. This narrow profile enables the manufacturing of ultra-thin display bezels similar to those found in smartphones.

Unlike traditional permanent adhesives, this bond can be selectively detached with minimal effort, allowing individual display components to be replaced or reworked during production or service without discarding the entire module.

The technology is engineered to compensate for material expansion across automotive temperature ranges while supporting circular economy principles. By enabling the recovery of valuable components at the end of a vehicle's service life, the solution aligns with AUMOVIO’s sustainability strategy. The partners are currently preparing to integrate this process into volume production during the second quarter of 2026.

Pavel Prouza, Head of the User Experience (UX) Business Area at AUMOVIO, said, “The combination of highly precise, automated application and targeted detachability adds an important element to our manufacturing and quality processes. It strengthens the robustness of our production, reduces material waste, and promotes efficient use of valuable components. For the end customer, this could even mean that future repairs may require replacing only the affected individual components in a cost-effective way.”

David Caro, Head of Automotive, tesa, said, “This partnership demonstrates how innovative materials technology is advancing the mobility of tomorrow. Together with AUMOVIO, we offer automated adhesive bonds that not only provide long-term durability but can also be deliberately debonded – enabling efficient production, longer product life cycles, and circular product concepts. This helps our customers translate their sustainability goals into tangible product solutions.”

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China’s WeRide has announced that at the Wuhu round of the Second China Urban Intelligent Driving Competition, the Chery Exeed Sterra ET, powered by the WeRide WRD 3.0 (jointly developed with Bosch), claimed first place with a lead of over 10 points.

As the first publicly traded Robotaxi company, WeRide operates in over 40 cities across 12 countries. It holds autonomous driving permits in eight major markets, including the UAE, Singapore and the US, providing L2 to L4 solutions across the mobility, logistics and sanitation sectors.

This win marks the first time in the competition's history that a single solution has achieved four consecutive championships, following previous victories in Taizhou, Wenzhou and Jinhua.

The WRD 3.0 system utilises a one-stage end-to-end ADAS solution designed to handle complex urban environments. Its performance is driven by two key internal technologies:

• GENESIS Simulation World Model: A proprietary platform that uses generative AI to reproduce rare ‘long-tail’ scenarios, bridging the gap between virtual training and real-world application.
• L4 Driverless Data Integration: The system leverages large-scale data from WeRide's fully driverless operations to refine perception and planning in dense traffic, such as street markets and mixed-use urban roads.

WeRide has transitioned WRD 3.0 from an algorithmic concept to a production-ready system, achieving hardware-software decoupling that allows it to run on different computing tiers.

With the launch of the Aion N60, WeRide has become the first autonomous driving provider to achieve mass production of one-stage end-to-end technology on both Nvidia Drive and Qualcomm Snapdragon platforms.

While strengthening its presence in China with brands like GAC Trumpchi and Hyptec, WeRide is expanding its international footprint. Through partnerships with Tiggo, Omoda and JAECOO, the company aims to export its intelligent driving solutions to global markets.

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South Korea-based Stradvision, a company specialising in AI-based vision perception technology, has been selected by a global commercial vehicle manufacturer to deploy its SVNet software across its Indian vehicle lineup.

The programme focuses on fleet-scale deployment of Advanced Driver Assistance Systems (ADAS) in a market where perception software must balance technical reliability with cost-efficiency.

The company stated that the Indian commercial vehicle sector requires ADAS solutions capable of operating on resource-constrained hardware while maintaining performance in high-density traffic.

SVNet is engineered to detect and classify objects in mixed-traffic environments, including two-wheelers, three-wheelers and pedestrians. This software architecture allows the OEM to implement functions such as automatic emergency braking, forward collision warning and lane departure warning across various models using a single software stack.

The deployment is structured to allow the manufacturer to standardise its perception platform while adjusting for model-specific hardware.

Till date, Stradvision has deployed approximately 5 million units of SVNet globally, providing the production maturity required for high-volume commercial vehicle programmes. This project indicates a shift in the automotive industry towards perception solutions that prioritises scalability and operational efficiency across diverse market conditions.

Philip Vidal, CBO, Stradvision, said, "India's commercial vehicle segment is one of the most consequential ADAS markets opening right now. The scale of the fleet, the complexity of the traffic environment, and the cost requirements make it a genuine test of whether perception software can perform where it matters most. SVNet was built for exactly this kind of deployment, and this program is a strong validation of that."

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Einride AB, the freight technology company, has appointed General (Ret.) Keith B. Alexander to its Board of Directors. The appointment coincides with the formal establishment of a dedicated defence business aimed at providing autonomous driving capabilities to military organisations globally.

General Alexander, a current member of the Amazon Board of Directors, previously served as the Director of the U.S. National Security Agency (NSA) and was the Founding Commander of the U.S. Cyber Command.

The move into the defence sector follows the completion of autonomous pilot contracts with a European NATO-allied organisation. Einride intends to utilise its vehicle-agnostic autonomous system, the Einride Driver, which can be integrated into new vehicle platforms or retrofitted onto existing fleets.

This technology licensing model operates alongside the company’s Freight-Capacity-as-a-Service offering, which manages electric heavy-duty fleets through AI optimisation software and charging infrastructure.

The company currently operates in the U.S., Europe and the Middle East, serving more than 30 enterprise customers. Einride reports approximately USD 92 million in expected annual recurring revenue from signed contracts. The firm is also progressing toward a public listing through a proposed business combination with Legato Merger Corp. III, expected to conclude during the first half of 2026.

General Keith B. Alexander, said, "Autonomous systems operating in defence environments face a distinct threat landscape, where adversaries probe for vulnerabilities in communication, navigation, and control. What brought me to Einride is its strong operational foundation, proven safety record and real operational experience. My role is helping ensure Einride's systems meet the standards required by NATO-allied and U.S. defence organisations and scale from pilots to full programs."

Robert Falck, Chairman of Einride's Board of Directors, said, "General Alexander has spent decades operating at the intersection of technology, security, and high-stakes decision-making. As Einride continues to expand its offering to the defence sectors, his knowledge and experiences are exactly what we need in the boardroom."

Roozbeh Charli, CEO, Einride, added, “Having validated our technology in a defence context, we're now moving with intent: recruiting specialised talent, developing defence-specific expertise, and bringing in leadership with deep domain knowledge. Appointing General Alexander to our Board of Directors is one concrete example of that, his experience directly strengthening our strategic direction in this space.”

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