May 16, 2020

Hyundai Motors considering manufacturing facility contract

Hyundai
South Korea
Electric Vehicles
Gwangju
Sophie Chapman
2 min
Hyundai may invest in outsourced production to save money for EVs
The South Korean automotive manufacturer, Hyundai Motors, has announced that it is considering investing in a contract for a new vehicle production site...

The South Korean automotive manufacturer, Hyundai Motors, has announced that it is considering investing in a contract for a new vehicle production site.

The firm is conducting due diligence on the contract prior to any investments for the proposed factory in Gwangju, in the south west of the country, Reuters reported.

The firm is aiming to conserve capital in order to work on new technologies, namely electric vehicles (EVs).

Contract manufacturing is becoming increasingly popular within the electronics and automaker industries as firms aim to cut costs with contractors.

SEE ALSO:

 

“Even though the investment is confirmed, we are considering outsourcing and securing supplies of an economical new car by investing in a non-controlling stake without participating in the management of the new corporation,” Reuters reported the manufacturer stating.

Magna International Inc manufactures vehicles for BMW, whilst Kia Motors has it Picanto mini car produced by an outsourced company.

The Gwangju plant will have the capacity to manufacture 100,000 vehicles per annum.

The facility will require ₩500bn (US$467mn) of investments, and it is anticipated that Hyundai will provide ₩40bn ($37.3mn) for a 20% stake in the site.

Share article

Jun 16, 2021

Fluent.ai x BSH: Voice Automating the Assembly Line

Fluentai
BSH
AI
Technology
2 min
Fluent.ai and BSH announce plans to bring speech-to-intent AI to the assembly line that will increase factory efficiency and improve worker ergonomics

Fluent.ai has deployed its voice recognition solutions in one of BSH’s German factories. BSH leads the market in producing connected appliances—its brands include Bosch, Siemens, Gaggenau, NEFF, and Thermador, and with this new partnership, the company intends to cut transition time in its assembly lines. 

 

According to BSH, voice automation will yield 75-100% efficiency gains—but it’s the collaboration between the two companies that stands out. ‘After considering 11 companies for this partnership, we chose Fluent.ai because of their key competitive differentiators’, explained Ion Hauer, Venture Partner at BSH Startup Kitchen.

 

What Sets Fluent.ai Apart? 

After seven years of research, the company developed a wide range of artificial intelligence (AI) software products to help original equipment manufacturers (OEM) expand their services. Three key aspects stood out to BSH, which operates across the world and in unique factory environments.  

 

  • Robust noise controls. The system can operate even in loud conditions. 
  • Low latency. The AI understands commands quickly and accurately. 
  • Multilingual support. BSH can expand the automation to any of its 50+ country operations. 

 

How Voice Automation Works

Instead of pressing buttons, BSH factory workers will now be able to speak into a headset fitted with Fluent.ai’s voice recognition technology. After uttering a WakeWord, workers can use a command to start assembly line movement. As the technology is hands-free, workers benefit from less physical strain, which will both reduce employee fatigue and boost line production. 

 

‘Implementing Fluent’s technology has already improved efficiencies within our factory, with initial implementation of the solution cutting down the transition time from four seconds to one and a half”, said Markus Maier, Project Lead at the BSH factory. ‘In the long run, the production time savings will be invaluable’. 

 

Future Global Adoption 

In the coming years, BSH and Fluent.ai will continue to push for artificial intelligence on factory lines, pursuing efficiency, ergonomics, and a healthy work environment. ‘We started with Fluent.ai on one factory assembly line, moved to three, and [are now] considering rolling the technology out worldwide’, said Maier. 

 

Said Probal Lala, Fluent.ai’s CEO: ‘We are thrilled to be working with BSH, a company at the forefront of innovation. Seeing your solution out in the real world is incredibly rewarding, and we look forward to continuing and growing our collaboration’. 

 

 

Share article