Latest news with #TRATONGROUP
Forbes
6 days ago
- Automotive
- Forbes
PlusAI Reveals Key Performance Indicators For Commercial Readiness
PlusAI, an artificial intelligence company commercializing AI-based virtual driver software for factory-built autonomous commercial trucks, has released a set of key performance indicators (KPIs) designed to track progress towards commercial readiness of their SuperDrive autonomous driving system. PlusAI is headquartered in Silicon Valley with operations in the United States and Europe. PlusAi is working with partners including TRATON GROUP's Scania, MAN, and International brands, Hyundai Motor Company, Iveco Group, Bosch, and DSV as they move towards deployment of next-generation autonomous trucks. PlusAI has deployed autonomous driving technology across over five million miles of driving in the U.S., Europe, and Asia. These real-world operations have generated a proprietary dataset that fuels PlusAI's technology development. Leveraging this data and advanced generative AI models, PlusAI has built a generalizable "driving intelligence" platform using auto-labeling, model distillation, and highly optimized in-vehicle neural networks. Key Performance Indicators for Commercial Launch The KPIs just announced are Safety Case Readiness (SCR), Autonomous Miles Percentage (AMP), and Remote Assistance Free Trips (RAFT). For safety assurance, PlusAI uses a safety case approach that is best practice in safety-critical industries including aviation, nuclear, automotive, and oil and gas. The PlusAI Safety Case Readiness metric measures how mature and complete its underlying Safety Case Framework is for SuperDrive to operate safely. The SCF is built on a multi-tiered structure of safety claims, sub-claims, and supporting evidence, organized around five core pillars that cover underlying architecture, processes, performance, and maintenance needed for safe operations. Specifically: According to PlusAI, the Safety Case Framework supports transparency and accountability by sharing key elements of the framework with stakeholders and by aligning with industry standards and best practices, such as UL4600 and ISO26262, in automated vehicle safety assurance. The Framework provides the basis for PlusAI's risk-based approach to safety validation and helps inform regulatory engagement, operational readiness, and product maturity. The chart below shows the evolution of the SCR factors since 2024, aiming for commercial launch. Autonomous Miles Percentage To assess the performance of its autonomous system, PlusAI uses the Autonomous Miles Percentage metric. This is defined as the percentage of total distance driven by SuperDrive on a specified route that is completed under full autonomous control, without intervention from a remote operator or onboard safety driver. AMP reflects SuperDrive's ability to sustain autonomous operation across varying conditions along a commercial corridor. AMP is a route-specific measure that quantifies the extent and reliability of SuperDrive in real-world operations. It complements PlusAI's Remote Assistance Free Trips metric by providing a continuous measure of autonomous engagement across distance traveled and supports readiness assessments, regulatory engagement, and system maturity evaluation. Remote Assistance Free Trips PlusAI's Remote Assistance Free Trips (RAFT) measure captures the percentage of autonomous trips completed without any intervention from a remote operator or an onboard safety driver on a specified commercial route. A trip is considered RAFT-compliant if SuperDrive maintains full control from departure to arrival—without any human assistance to control the vehicle. PlusAI notes that, while remote assistance will always be available if needed, this metric highlights SuperDrive's operational independence, technical maturity, and readiness for scaled deployment. Looking at the set of charts, in the first half of 2025, PlusAI achieved significant advancements in autonomous performance metrics, reaching 86% Safety Case Readiness (SCR), 98% Autonomous Miles Percentage (AMP), and 76% Remote Assistance Free Trips (RAFT), up from 75%, 97%, and 69% respectively in the second half of 2024. Commercial Launch Threshold For commercial launch, PlusAI is targeting 100% Safety Case Readiness, and more than 90% Remote Assistance-Free Trips. The company says that achieving these milestones will demonstrate that SuperDrive has the safety, performance, and operational efficiency required for real-world commercial deployment, enabling trucking fleet operators to complete entire routes without human intervention. PlusAI is currently conducting public road testing in Texas and Sweden with customer fleet trials scheduled for fall of 2025. "We have a clear roadmap to the commercial launch of SuperDrive," said David Liu, CEO and Co-Founder of PlusAI. "By publicly sharing these performance metrics on a regular basis, we're demonstrating our unwavering commitment to the safe and scalable deployment of factory-built autonomous trucks. We believe it's essential for partners, customers, regulators, and all road users to have visibility into our safety-driven progress and our disciplined approach toward commercializing autonomous driving technology." "Our AV 2.0 architecture marks a major shift in how we design and deliver autonomous driving systems. By replacing hand-written components with end-to-end AI models, we've simplified the overall system and accelerated performance improvements. This approach ensures we'll be ready for broad deployment as soon as our factory-built autonomous trucks begin production in 2027. We're excited to be at the forefront of autonomous driving technology," said Tim Daly, Chief Architect at PlusAI. Looking Forward PlusAI announced in June 2025 that it plans to go public via a merger with Churchill Capital Corp IX, with timing set for Q4 this year. As PlusAI transitions to a public company, it intends to report these KPIs regularly to provide transparency on its path to commercial launch in Texas in 2027. PlusAI's go-to-market partner in the U.S. is truck-maker International. Per the press release, PlusAI is demonstrating steady progress toward commercial launch of factory-built autonomous trucks in 2027. Initial launch is expected to be in the Texas Triangle, later expanding to other freight corridors in the U.S. and Europe. Last week, Aurora Innovation announced they have expanded their operational design domain to include nighttime operations. Aurora is running driverless trucks in Arizona and Texas. The company said they are close to also accommodating operations in heavy rain. For scaling up, Aurora has go-to-market partnerships with PACCAR and Volvo Group. Another autonomous truck developer, Kodiak Robotics plans to go public via a SPAC sometime during the second half of 2025. The company provides commercial driverless trucking in an off-road setting. Autonomous truck developers Bot Auto and Waabi have announced plans to begin commercial driverless operations later this year. While autonomous trucks are generally allowed in the U.S. due to the lack of any specific vehicle regulations, the full rollout will be accelerated by effective federal regulations. The Autonomous Vehicles Industry Association (AVIA) has been advocating this for some time. Now the political winds are blowing favorably. Last month, California Congressman Vince Fong introduced the AMERICA DRIVES Act, an acronym for 'Autonomous Mobility Ensuring Regulation, Innovation, Commerce, and Advancement Driving Reliability in Vehicle Efficiency and Safety' Act. Industry appears to be in support of the provisions in the Act. Legacy truck OEMs own the supply chain, the factories, the support network, and the customer relationships. Thus, OEMs are critical to commercialization when it comes to scaling truck autonomy. For AV truck players who don't have such a partnership, the road ahead is challenging. All in all, the tech is working 'in the wild' and steadily getting better. In the wilds of Congress, we're seeing the most momentum yet in setting a Federal Safety Framework for truck autonomy. Driverless trucking is showing promise. Across multiple players, the truck autonomy space is moving steadily into the commercialization phase. Disclosure: Richard Bishop is an Advisor to and/or an equity holder in the following companies mentioned in this article: Aurora, Plus.
Yahoo
09-07-2025
- Automotive
- Yahoo
TRATON GROUP Reports Unit Sales Slightly Above Prior-year Level With 80,000 Vehicles in the Second Quarter of 2025
MUNICH - July 9, 2025 (NEWMEDIAWIRE) - In an uncertain market environment, the TRATON GROUP reported unit sales that were slightly above the prior-year level in the second quarter of 2025. Based on preliminary figures, a total of 80,000 vehicles were sold in the second quarter of 2025, compared to 79,000 vehicles in the prior-year quarter. In the first half of 2025, unit sales came to 153,100, representing a 4% decrease. Unit sales of the TRATON GROUP: Q2 2025 Q2 2024 Delta H1 2025 H1 2024 Delta TRATON GROUP 80,000 79,000 1% 153,100 160,100 -4% of which all-electric vehicles 630 290 117% 1,250 610 107% - Scania Vehicles & Services 24,600 25,800 -5% 46,800 52,300 -10% of which all-electric vehicles 120 60 89% 220 110 103% - MAN Truck & Bus 26,400 25,300 4% 47,000 49,400 -5% of which all-electric vehicles 430 100 318% 800 240 238% - International Motors 17,600 16,000 10% 34,500 35,300 -2% of which all-electric vehicles 90 120 -21% 180 170 3% - Volkswagen Truck & Bus 11,400 11,900 -4% 24,800 23,400 6% of which all-electric vehicles 0 10 -88% 50 90 -42% Percentage changes are based on unrounded figures Scania Vehicles & Services sold 5% fewer vehicles in the second quarter of 2025 than in the prior-year quarter. In Brazil, elevated dealer stocks, rising interest rates, and high inflation are creating challenging market conditions. This is particularly affecting Scania due to the focus on heavy duty trucks. Unit sales declined by 10% in the first half of the year. MAN Truck & Bus increased unit sales by 4% in the second quarter of 2025, reflecting the good order momentum of the last two quarters in Europe, especially in Germany. In the first half of 2025, MAN's unit sales were 5% lower year-on-year. International Motors saw an increase in unit sales of 10% in the second quarter of 2025 compared to the prior-year quarter, which had been affected by a fire at a supplier's plant. However, the US market faces ongoing uncertainty regarding the impact of import tariffs and the economic outlook. Unit sales fell by 2% at International in the first half of 2025. Volkswagen Truck & Bus (VWTB) posted a 4% decline in unit sales in the second quarter of 2025. VWTB was also affected by the weakening momentum in the Brazilian market. Nonetheless, VWTB grew unit sales by 6% in the first half of the year due to the strong opening quarter. The TRATON GROUP will publish its 2025 Half-Year Financial Report, which also includes more detailed information on unit sales, on July 25, 2025. It will be available here: Contact Ursula QueretteHead of Investor RelationsM +49 152 Thomas PaschenInvestor RelationsM +49 170 TRATON SE Hanauer StraBe 26 / 80992 Munich / With its brands Scania, MAN, International, and Volkswagen Truck & Bus, TRATON SE is the parent and holding company of the TRATON GROUP and one of the world's leading commercial vehicle manufacturers. The Group's product portfolio comprises trucks, buses, and light-duty commercial vehicles. "Transforming Transportation Together. For a sustainable world.": this intention underlines the Company's ambition to have a lasting and sustainable impact on the commercial vehicle business and on the Group's commercial growth. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Associated Press
02-07-2025
- Automotive
- Associated Press
L&T Technology Services Chosen by TRATON GROUP as Strategic Engineering Partner in Global R&D Transformation
SÖDERTÄLJE, Sweden & BANGALORE, India--(BUSINESS WIRE)--Jul 2, 2025-- L&T Technology Services (BSE: 540115, NSE: LTTS), today announced that it has been chosen by the TRATON GROUP, one of the world's leading manufacturers of commercial vehicles, as a strategic engineering partner. This collaboration in LTTS' Mobility segment will support TRATON's roadmap to build a unified, future-ready product-development platform that delivers scale, speed, and sustainable mobility solutions worldwide. TRATON is reshaping its global R&D ecosystem to unlock cross-brand synergies while expanding the share of battery-electric vehicles in line with its 2029 profitability and sustainability targets. LTTS' selection will see the company provide engineering support, from mechanical and software engineering to digital systems integration - across key development hubs in Sweden, Germany, the United States, Poland, and India. The collaboration positions LTTS to deepen existing workstreams and pursue new programs across TRATON's brands, spanning software-defined vehicle architectures, electrified powertrains, autonomous & ADAS feature development, and advanced digital engineering toolchains. These capabilities align with LTTS' Mobility charter, leveraging its expertise in engineering intelligent and sustainable solutions to create safer, smarter, and more personalized mobility experiences for a global clientele. Alind Saxena, Executive Director & President - Mobility & Tech at L&T Technology Services, said,'Being selected by TRATON GROUP is a testament to LTTS' leadership in next-generation Mobility engineering. This collaboration underscores our commitment to delivering cutting-edge solutions that align with TRATON's vision of sustainable and intelligent transportation. With our proven track record in engineering transformation, we are excited to help TRATON achieve its ambitious goals of electrification, autonomy, and digital innovation while redefining the future of commercial mobility.' About TRATON GROUP With its four brands Scania, MAN, International, and Volkswagen Truck & Bus, the TRATON GROUP is one of the world's leading manufacturers of commercial vehicles. The portfolio consists of trucks, buses, and light-duty commercial vehicles, as well as the sale of spare parts and customer services. In addition, the TRATON GROUP offers a broad range of financial services to its customers. 'Transforming Transportation Together. For a sustainable world.': this intention underlines the Company's ambition to have a lasting and sustainable impact on the commercial vehicle business and on the Group's commercial growth. About L&T Technology Services Ltd L&T Technology Services (LTTS) is a global leader in engineering and technology services. A listed subsidiary of Larsen & Toubro (L&T), we offer design, development, testing, and sustenance services across products and processes. Purposeful. Agile. Innovation. is how we drive growth across the Mobility, Sustainability and Tech segments. Our customer base includes 69 Fortune 500 companies and 57 top ER&D companies across industrial products, medical devices, transportation, telecom & hi-tech, and process industries. Headquartered in India, we have over 24,250 employees across 23 global design centers, 30 global sales offices, and 108 innovation labs, as of March 31, 2025. For more information, please visit View source version on CONTACT: Media Contact: Aniruddha Basu L&T Technology Services Limited E:[email protected] KEYWORD: EUROPE SWEDEN INDIA ASIA PACIFIC INDUSTRY KEYWORD: SOFTWARE EV/ELECTRIC VEHICLES AUTOMOTIVE ENGINEERING OTHER AUTOMOTIVE TECHNOLOGY VEHICLE TECHNOLOGY MANUFACTURING SOURCE: L&T Technology Services Ltd Copyright Business Wire 2025. PUB: 07/02/2025 04:59 AM/DISC: 07/02/2025 04:59 AM
Business Wire
02-07-2025
- Automotive
- Business Wire
L&T Technology Services Chosen by TRATON GROUP as Strategic Engineering Partner in Global R&D Transformation
SÖDERTÄLJE, Sweden & BANGALORE, India--(BUSINESS WIRE)-- L&T Technology Services (BSE: 540115, NSE: LTTS), today announced that it has been chosen by the TRATON GROUP, one of the world's leading manufacturers of commercial vehicles, as a strategic engineering partner. This collaboration in LTTS' Mobility segment will support TRATON's roadmap to build a unified, future-ready product-development platform that delivers scale, speed, and sustainable mobility solutions worldwide. TRATON is reshaping its global R&D ecosystem to unlock cross-brand synergies while expanding the share of battery-electric vehicles in line with its 2029 profitability and sustainability targets. LTTS' selection will see the company provide engineering support, from mechanical and software engineering to digital systems integration - across key development hubs in Sweden, Germany, the United States, Poland, and India. The collaboration positions LTTS to deepen existing workstreams and pursue new programs across TRATON's brands, spanning software-defined vehicle architectures, electrified powertrains, autonomous & ADAS feature development, and advanced digital engineering toolchains. These capabilities align with LTTS' Mobility charter, leveraging its expertise in engineering intelligent and sustainable solutions to create safer, smarter, and more personalized mobility experiences for a global clientele. Alind Saxena, Executive Director & President - Mobility & Tech at L&T Technology Services, said, 'Being selected by TRATON GROUP is a testament to LTTS' leadership in next-generation Mobility engineering. This collaboration underscores our commitment to delivering cutting-edge solutions that align with TRATON's vision of sustainable and intelligent transportation. With our proven track record in engineering transformation, we are excited to help TRATON achieve its ambitious goals of electrification, autonomy, and digital innovation while redefining the future of commercial mobility.' About TRATON GROUP With its four brands Scania, MAN, International, and Volkswagen Truck & Bus, the TRATON GROUP is one of the world's leading manufacturers of commercial vehicles. The portfolio consists of trucks, buses, and light-duty commercial vehicles, as well as the sale of spare parts and customer services. In addition, the TRATON GROUP offers a broad range of financial services to its customers. 'Transforming Transportation Together. For a sustainable world.': this intention underlines the Company's ambition to have a lasting and sustainable impact on the commercial vehicle business and on the Group's commercial growth. About L&T Technology Services Ltd L&T Technology Services (LTTS) is a global leader in engineering and technology services. A listed subsidiary of Larsen & Toubro (L&T), we offer design, development, testing, and sustenance services across products and processes. Purposeful. Agile. Innovation. is how we drive growth across the Mobility, Sustainability and Tech segments. Our customer base includes 69 Fortune 500 companies and 57 top ER&D companies across industrial products, medical devices, transportation, telecom & hi-tech, and process industries. Headquartered in India, we have over 24,250 employees across 23 global design centers, 30 global sales offices, and 108 innovation labs, as of March 31, 2025. For more information, please visit
Business Standard
02-07-2025
- Automotive
- Business Standard
LTTS inks multi-year collaboration pact with Sweden-based TRATON GROUP
L&T Technology Services said that it has been chosen by the TRATON GROUP as a 'strategic engineering partner' for transforming its global R&D ecosystem. This collaboration in LTTS Mobility segment will support TRATONs roadmap to build a unified, future-ready product development platform that delivers scale, speed, and sustainable mobility solutions worldwide. With its four brands Scania, MAN, International, and Volkswagen Truck & Bus, the TRATON GROUP is one of the worlds leading manufacturers of commercial vehicles. The portfolio consists of trucks, buses, and light-duty commercial vehicles, as well as the sale of spare parts and customer services. The group is reshaping its global R&D ecosystem to unlock cross-brand synergies while expanding the share of battery-electric vehicles in line with its 2029 profitability and sustainability targets. LTTS selection will see the company provide engineering support, from mechanical and software engineering to digital systems integration - across key development hubs in Sweden, Germany, the United States, Poland, and India. The collaboration positions LTTS to deepen existing workstreams and pursue new programs across TRATONs brands, spanning software-defined vehicle architectures, electrified powertrains, autonomous & ADAS feature development, and advanced digital engineering toolchains. These capabilities align with LTTS Mobility charter, leveraging its expertise in engineering intelligent and sustainable solutions to create safer, smarter, and more personalized mobility experiences for a global clientele. Alind Saxena, executive director & president - Mobility & Tech at L&T Technology Services, said: Being selected by TRATON GROUP is a testament to LTTS leadership in next-generation Mobility engineering. This collaboration underscores our commitment to delivering cutting-edge solutions that align with TRATONs vision of sustainable and intelligent transportation. With our proven track record in engineering transformation, we are excited to help TRATON achieve its ambitious goals of electrification, autonomy, and digital innovation while redefining the future of commercial mobility." L&T Technology Services (LTTS) is a global leader in engineering and technology services. A listed subsidiary of Larsen & Toubro (L&T), we offer design, development, testing, and maintenance services across products and processes. The company's consolidated net profit declined 3.5% to Rs 311.1 crore in Q4 FY25, compared to Rs 322.4 crore in Q3 FY25. Revenue from operations stood at Rs 2,982.4 crore in the March 2025 quarter, marking a 12.42% increase from Rs 2,653.0 crore reported in the previous quarter. The scrip rose 0.12% to currently trade at Rs 4358.85 on the BSE.
