A major transformation is underway in the automotive industry as demonstrated by the CASE trends of connected cars, autonomous driving, sharing and services, and electrification. Increasingly complex and sophisticated development of products and technologies necessitates mutually complementary partnerships between industry players.
In response to these challenges and customer needs, Nippon Seiki and Alps Alpine have decided to apply their respective technological and product strengths to joint activities involving product development centered on next-generation integrated cockpits. Through fusion of products and technologies, such as Nippon Seiki’s head-up displays (HUD) and instruments and Alps Alpine’s human-machine interfaces (HMI) and infotainment systems, as well as the latter’s system integration expertise, the companies aim to speed up development of integrated cockpit products that are also compatible with integration of onboard electronic control units (ECU) and work to create new value, delivering a user experience that accurately captures the future.
The companies plan to sell jointly developed cockpit-related products within their own respective lineups, gaining the agreement of customers.
Nippon Seiki and Alps Alpine will initially share their respective strengths in joint development and proceed to explore options allowing them to fully draw on synergies in wide-ranging areas, such as harnessing scale advantages in purchasing and realizing mutual supply of each company’s products. To strengthen the ties between the two companies with a view to ongoing cooperation and mutual advancement, they will enter a capital alliance involving reciprocal acquisition of the other party’s shares.
With aims to enhance global competitiveness and value for customers, the two companies will carry out joint development of agreed-upon themes centering on system products integrating Nippon Seiki’s products and Alps Alpine’s automotive equipment, as well as other joint development relating to agreed-upon themes within CASE domains. Collaboration in production and purchasing activities may also be explored depending on how the alliance progresses.
To develop and strengthen the partnership between the two companies over the long term, the companies will each acquire shares of the other party, as detailed below, pursuant to the agreement reached.
Nippon Seiki will acquire 2,600,000 shares of Alps Alpine (1.18% of all issued shares for a total value of ¥3.72 billion) through the disposal of treasury stock by Alps Alpine by way of third-party allotment.
Alps Alpine will acquire, for the same value, 3,000,000 ordinary shares of Nippon Seiki (4.92% of all issued shares for a total value of ¥3.62 billion) through the disposal of treasury stock by Nippon Seiki by way of third-party allotment.
The two companies will allocate proceeds from disposal of treasury stock by third-party allotment to cover some of the funds required by both sides for development relating to integrated cockpit products.
The Supplier of the Year Award recognizes companies that have shown exceptional commitment to FCA, providing innovative and high-quality products and services.
FCA honored 31 supplier partners across 19 categories on October 23rd, 2020, during the virtual 2020 North America Annual Supplier Conference and Awards program. The Supplier of the Year awards recognize companies that have shown exceptional commitment to FCA, providing innovative and high-quality products and services. NSNA received awards both in categories of Supply Chain Management Supplier of the Year and in Innovation Supplier of the Year for FCA’s latest U Connect 5 Global Platform (honored as part of 13 suppliers receiving this prestigious recognition)
Unique this year, FCA honored 13 companies in the Innovation category for their role in developing the all-new Uconnect 5, Nippon Seiki North America being one of these recognized suppliers in this category. Through collaboration and innovation, the team of suppliers helped to make the platform the most advanced Uconnect system ever. FCA also expanded its recognition for supply chain logistics firms by adding three categories: finished vehicle logistics, logistics services, and parts and materials logistics. FCA North American, recognized Nippon Seiki North America, as the Supplier of the Year for Supply Chain Management.
Award recipients were determined based on an evaluation of each company’s 2019 supplier scorecard performance – a rating system that evaluates supplier performance in quality, delivery, cost and warranty – and input from FCA senior leadership. Foundational Principles winners represent those companies that have demonstrated extraordinary partnership, collaboration, transparency, and integrity. Winners for innovation, sustainability and diversity categories were submitted by the suppliers and vetted by FCA senior leadership.