Samyang Corporation, a leader in the Korean market for polycarbonate used in automobile headlamps, aims to expand its presence in the global market by developing high-permeability polycarbonate for Daytime Running Lights (DRLs).

Samyang Corporation, a chemical and food subsidiary of Samyang Group (CEO Kang Ho-sung), announced on 10 that it has developed high-transmittance polycarbonate (PC) for Daytime Running Lights (DRL) of automobiles.

Daytime running lights are lamps that automatically turn on when the car is started, helping to identify other pedestrians and drivers, thereby reducing the risk of traffic accidents. Bright and uniform lighting is essential for good visibility during the day, and the material must be resistant to impacts and heat.

Isosorbide,* an eco-friendly white biomaterial developed by Samyang Corporation, is applied to its high transmittance polycarbonate to improve light transmittance. It has superior light transmittance and a low level of yellowness compared to conventional polycarbonate. In addition, it has excellent heat resistance and stability, so there is little yellowing even after long-term use, surpassing imported polycarbonate. The product received the New Excellent Technology (NET) certification from the Korean Agency for Technology and Standards in December of last year, acknowledging its technological capabilities.

High-transmittance polycarbonate is being increasingly used worldwide due to the mandatory legislation of daytime running lights and factors such as branding identity and design in automotive companies. Samyang Corporation, the leading company of Korea in the automobile headlamp polycarbonate market, plans to expand its position in the global market by its newly developed high-transmittance polycarbonate.

This product is currently undergoing testing by domestic and foreign auto parts makers, and some companies are in the final stages of testing so that mass production as early as in the first half of this year is expected. Besides the daytime running lights of automobiles, the application of High Transmittance Polycarbonate is expected to be widened to various other interior and exterior components of automobiles, for example, a start button.

Samyang Corporation's CEO Ho-sung Kang said, "Recently, the application of high-transmittance polycarbonate to both interior and exterior components of automobiles has been increasing worldwide." He added, "With the development of a new eco-friendly material having excellent light transmittance and long-term heat resistance, Samyang Corporation expects to expand its influence in the global automotive headlamp material market.

The global robo taxi market size is estimated to grow by USD 568.65 million from 2021 to 2026, according to Technavio. The market is estimated to grow at a CAGR of 8.21% during the forecast period. The market is driven by the increased focus of OEMs on the development of robo taxis. Increasing traffic congestion has led many consumers to shift to new car ownership models, such as carpooling, cab services, and car rentals. To capitalize on this opportunity, automotive OEMs are developing technologies that focus on driverless, autonomous vehicle concepts. Although these technologies are still in a nascent stage for commercialization, numerous experts are expecting this concept to drive the future of the automotive industry. With many automobile manufacturers increasing their efforts to develop autonomous vehicles, the market growth will accelerate during the forecast period.

Technavio has segmented the market based on application (goods transportation and passenger transportation) and geography (North America, Europe, APAC, South America, and the Middle East and Africa). The market growth in the goods transportation segment will be significant during the forecast period. The increasing demand for last-mile delivery solutions and increasing initiatives to promote robo taxi transportation and logistics are driving the growth of the segment.

By geography, the global robo taxi market is segmented into North America, Europe, APAC, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global robo taxi market. APAC will account for 32% of the market growth during the forecast period. North America is another major region providing significant growth opportunities in the market. The presence of well-developed road infrastructure and connectivity solutions is a major factor driving the growth of the robo taxi market in North America.

The global robo taxi market is fragmented. The market consists of some well-established players that are into the design and development of transmission systems and components for electric vehicles. Vendors are focused on the development of level 4 and level 5 robo taxis, using artificial intelligence, radio detection and ranging (RADAR), and light detection and ranging (LIDAR) technologies to make them highly automated. Prominent vendors are focusing on improving the reliability, durability, and safety of autonomous taxis. There are numerous projects and initiatives under process in the global robo taxi market, which is playing a crucial role in driving the adoption of driverless taxis in designated places or areas. Owing to these factors, the robo taxi market is expected to intensify in competition during the forecast period. Some of the key vendors covered in the report include:

- Argo AI LLC - The company offers robo taxi services such as argo autonomy platform that includes the software, hardware, HD maps, and backend support needed to power full-service self-driving operations.

- AutoX Inc. - The company offers robo taxi services such as Robo Taxi and Robo Delivery.

- Baidu Inc - The company offers robo taxi services such as radish run which is an autonomous driving travel service platform.

- Easymile SAS - The company offers robo taxi services such as EZ10 passenger shuttle.

Global Robo Taxi Market – Market Dynamics / Leading trends influencing growth

- Internet of Things integration powered by AI technology in automobiles is identified as the key trend in the market.

- Automobile manufacturers are partnering with hardware and software companies to incorporate automation technologies such as AI and IoT in their vehicles.

- This is beneficial for autonomous vehicles because more individuals prefer smart devices to control various electronic devices.

- IoT allows automotive AI in a vehicle to read information stored within the cloud and alter drive patterns accordingly.

- It aids in reducing traffic and reducing the potentiality of an accident as vehicles communicate to each other about speed and braking distance.

- This trend will have a positive impact on the growth of the market during the forecast period.

Major challenges hindering growth

- Less system reliability is the major challenge affecting the growth of the market.

- Autonomous technologies such as advanced driver assistance system (ADAS) are designed to prevent accidents. However, the safety aspects are still not clear.

- Any occasional faults in the system could lead to driver discarding the use of such technologies.

- Also, improper tuning of the autonomous vehicle technology system may create unwanted stoppages of the vehicle.

- Many such challenges are expected to remain as obstacles to the growth of the global robo taxi market during the forecast period.

Club Car Wash prioritizes its charitable partners, as has raised over $1 million for Children’s Miracle Network Hospitals through its Ten Dollar Tuesday promotion. In the month of February, Club Car Wash raised $58,460 for Children’s Miracle Network, and an additional $51,243.35 for local organizations, including Eighty-Seven and Running through grand opening and other.

In honor of Co-Owner Travis Kelce’s 2023 Super Bowl run with the Kansas City Chiefs, Club Car Wash organized a fundraiser to benefit the Eighty-Seven and Running organization. Founded by Kelce in 2015, Eighty-Seven and Running helps underserved youth on their journey to become productive citizens by mentoring and motivating them to explore and develop their abilities while learning critical life skills.

For every new Club Car Wash membership purchased between February 4 and February 12, the company made a donation to Eighty-Seven and Running. With the help of new and existing members, the funds raised to benefit the organization totaled $42,301.

Club Car Wash operates more than 120 locations throughout the Central United States, and has recently expanded into the state of Wisconsin. The company opened six new locations in the month of February, including sites in Arkansas, Texas and Missouri. Club Car Wash plans to continue its expansion into Colorado and Tennessee in 2023.

Kelce joined the company as co-owner in April of 2021, and has made three appearances in the Super Bowl as a tight end for the Kansas City Chiefs.

Club Car Wash is excited to partner with Eighty-Seven and Running and to help empower disadvantaged youth through this and other fundraising initiatives.

“Giving back to the community is very important to us as a family and as a business,” said Rollie Bartels, CEO and Owner of Club Car Wash. “We are proud to support Eighty-Seven and Running and to help provide the opportunity for our youth to cultivate their talents, learn and grow.”

“I am so grateful to Club Car Wash for the ongoing support of the Eighty-Seven and Running organization and I am excited about the opportunities that this fundraiser will provide for the foundation,” said Travis Kelce, tight end of the Kansas City Chiefs and two-time Super Bowl Champion. “Each dollar raised from this campaign will go directly towards initiatives that will provide kids in the community with resources and opportunities to reach their full potential.”

Founded as Tiger Express Car Wash in 2006, the company rebranded to Club Car Wash in 2019. Currently operating more than 120 locations in Missouri, Kansas, Illinois, Iowa, Oklahoma, Nebraska, Arkansas, Wisconsin and Texas, Club Car Wash is one of the largest and fastest growing express car wash companies in the Central United States. Club Car Wash has plans to scale rapidly into Colorado, Kentucky and Tennessee through acquisitions and new developments. To learn more about Club Car Wash, please visit: www.clubcarwash.com.

Ford 500 is a stylish and comfortable mid-size sedan. The vehicle offers plenty of ultra-modern features. With its sleek and attractive design, ample interior space, and an array of safety and convenience features, Ford 500 is an ideal choice for those looking for a reliable and affordable vehicle. Discussing the features that make Ford 500 stand out from the competition is fascinating. Ford 500 is the perfect sedan for today's tech-savvy driver, from its advanced infotainment system to the intuitive driver-assist technologies.

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