Hyundai launches its innovative fingerprint unlock and ignition technology
The traditional key FOB has been transformed throughout the years, but no technology has been as personalised as the use of fingerprint and facial recognition technology. Hyundai is set to introduce the use of fingerprint technology to unlock and turn on its new Santa Fe model, which is set to go on sale in China in the first quarter of 2019.
Through the use of biometric sensors, users will also be able to further tailor their journey to their requirements, such as adjusting seat positions, mirrors and various other features through digital innovation.
To unlock the vehicle, users will need to place their finger on the sensors embedded in the door handle, providing additional security against traditional lock methods. The company has stated that security will now be increased five-fold in comparison to traditional smart keys, where there will be 1 in 50,000 chance of the technology not recognising a user’s fingerprint. Implementing capacitance recognition, the technology will also reduce the risk of faked fingerprints and ensure accuracy even in extreme weather conditions.
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As consumers continue to look for technology to provide simplicity and ease of use, the automotive industry continues to undergo significant disruption. As automotive leaders continue to compete in the development of autonomous cars, it is only natural that the industry will look at further ways to deliver further convenience. The Jaguar E-Pace SUV, for example, has been advertised to those who love the outdoors, where an “activity key,” resembling a wristband with embedded NFC Chips, can be worn, removing the need to take bulky keys on the move.
“In the future, Hyundai Motor plans to further expand the application of the technology to allow the adjustment of temperature, steering wheel position, and many other features which will be tailored to driver’s preferences. This will ultimately offer a quality driving experience to each and every Hyundai customer,” commented Albert, Biermann, Hyundai’s head of research and development.
Additionally, the model will house Hyundai’s AI voice recognition system, built by Baidu. Similarly to Alexa, it will enable users to use voice commands to deliver infotainment services or find out further information regarding the weather, any concerns with regards to travelling on a particular route and more.
IMF: Variants Can Still Hurt Manufacturing Recovery
After a year of on-and-off manufacturing in the US, UK, and the eurozone, demand for goods surged early last week. Factories set growth records in April and May, suppliers started to recover, and US crude hit its highest price point since pre-COVID. As vaccination efforts immunise much of the US and UK populations, manufacturers are now able to fully ramp up their supply chains. In fact, GDP growth could approach double-digits by 2022.
Now, the ISM productivity measure has surpassed the 50-point mark that separates industry expansion from contraction. Since U.S. president Biden passed his US$1.9tn stimulus package and the UK purchasing managers index (PMI) increased to 65.6, both sides of the Atlantic are facing a much-welcomed manufacturing recovery.
Lingering Concerns Over COVID
Even as Spain, France, Italy, and Germany race to catch up, and mining companies pushed the FTSE 100 index of list shares to a monthly high of 7,129, some say that UK and US markets still suffer from a lack of confidence in raw material supplies. Yes, the Dow Jones has made up its 19,173-point crash of March 2020, and MSCI’s global stock index is at an all-time high.
Yet manufacturers around the world realise that these wins will be short-lived until pandemic supply chain bottlenecks are solved. If we keep the status quo, consumers will pay the price. In April, inflation in Germany reached 2.4%, and across the EU’s 19 member countries, overall prices have increased at an unusual pace. Some ask: Is this true recovery?
IMF: Current Boom Could Falter
Even as Elon Musk tweeted about chip shortages forcing Tesla to raise its prices, UK mining demand skyrocketed; housing markets lifted; and the pound sterling gained value. The International Monetary Fund (IMF), however, cautioned that manufacturing recovery won’t last long if COVID mutates into forms our vaccinations can’t touch. Kristalina Georgieva, Washington’s IMF director, noted that fewer than 1% of African citizens have been vaccinated: “Worldwide access to vaccines offers the best hope for stopping the coronavirus pandemic, saving lives, and securing a broad-based economic recovery”.
Across the globe, manufacturing companies are keeping a watchful eye on new developments in the spread of COVID. Though US FDA officials don’t think we’ll have to “start at square one” with new vaccines, the March 2021 World Economic Outlook states that “high uncertainty” surrounds the projected 6% global growth. Continued manufacturing success will in large part depend on “the path of the pandemic, the effectiveness of policy support, and the evolution of financial conditions”.
Mathias Cormann, secretary-general of the Organisation for Economic Co-Operation and Development (OECD) concurred—without global immunisation, the estimated economic boom expected by 2025 could go kaput. “We need to...pursue an all-out effort to reach the entire world population”, Australia’s finance minister added. US$50bn to end COVID across the world, they imply, is a small investment to restart our economies.