More breaking news today:
Magna International is set to acquire Veoneer Active Safety:
/PRNewswire/ -- The automotive technology company Veoneer announced that it has entered into an agreement with Magna International Inc., a mobility technology...
www.prnewswire.com
Implications: Veoneer partnered with Arbe (Pheonix Radar chipset).
Magna is introducing its "first to market" 360 HD Radar with the Uhnder chipset on the Fisker Ocean, with first deliveries expected 1st Quarter 2023. Now having acquired Veoneer Active Safety, they will be the first TIER1 assembler/supplier to bring the Ultra High Definition Arbe chipset to the Western Market. Arbe is set to deliver its first mass production chipsets in late 2023, with vehicles hitting consumer markets in 2024.
Look up the Magna Steyr factory in Austria for a list of current and past OEM models they've manufactured for several auto makers. They are looking to build a similar Magna factory in the US to take advantage of the US EV credits.
Most likely, Tesla sees the Fisker Ocean as direct competition to the Model Y, and needs to up its safety features which 360 radar brings. Abandoning USS may be indicative of Tesla putting not one, but up to 5+ radars in cars starting Q1 2023.