Who Will Become the Next Tesla Challenger?

For the last two decades, the automotive industry has been focusing on disruptive technology and innovative productions. The advent of electric cars in early 2000 has provided more opportunities for new companies to challenge the industry – and Tesla has proven that it’s possible. While the existing manufacturing companies remained faithful to the internal combustion engine or by upgrading their models, Tesla has challenged the industry by producing its own all-electric car.

Run by Elon Musk, one of the world’s most powerful people, Tesla is now one of the top 10 most valuable American companies by market cap. Although the market paused for thought a few times, there’s no doubt that Tesla is becoming one of the most influential companies in the EV and autonomous driving industry.

According to Motor Trend, Tesla Model S beat Chevy, Toyota, and Cadillac for the ultimate car of the year honors in 2020 and according to Motor1.com tests, it has the lowest energy consumption of all BEVs. However, its cars are more expensive than traditional or hybrid cars (yes, the battery technology is very expensive!) and the company hasn’t been able to keep up with the high demands of production fueled by the green energy movement.

But it seems like Tesla isn’t the only startup disrupting the automotive industry after all. As hurdles are much lower than they’ve been in the past few decades, it’s been encouraging many electronics and IT giants to eye the EV industry with their innovative challenger electric cars. For instance, Sony has showcased their first Vision-S prototype, a full-fledged contempt car, in Las Vegas this January. Later on, Foxconn Technology Group and Fiat Chrysler Automobiles NV also discussed creating a JV to manufacture electric cars in China.

Lordstown Motors is developing a pickup truck called Endurance, intended for commercial fleets and it has been using some of the equipment that was used to make the Chevrolet Cruze. Lucid Motors’ CEO Peter Rawlinson was the Chief Engineer for Tesla before he left the company in 2012. Founded in 2007, their new car will have a range of more than 400 miles and be able to go from 0 to 60 miles per hour in under 2.5 seconds. Faraday Future is another LA-based startup that builds luxury sedans designed for autonomous driving. Canoo, another Californian startup, is planning to offer electric vehicles next year by subscription starting in LA and gradually expanding the service throughout the United States.

Then there are startups from China such as Byton, with a mid-size electric SUV that has a 48-inch horizontal screen running the entire width of the dashboard. NIO is based in Shanghai and is one of the few companies that are building and selling electric cars. Byton is another startup founded by a former BMW executive in China and this company is accelerating to begin volume production in Nanjing starting next year.

Another Chinese IT giant Huawei, on the other hand, is well known for its consumer electronics and information and communications technology (ICT) infrastructure, rather than electric car manufacturing, across the globe. But with the Chinese government and policy on its side, Huawei has started to scramble to march into the EV market. Since the Mobile World Congress 2018 event, Huawei launched its Intent-Driven Network (IDN) solution which helps evolve networks from SDNs towards autonomous driving networks. Moreover, they have also been developing autonomous driving networks in wireless network scenarios as well as aiming to simplify sites, architectures, along with protocols to build simplified networks.

Huawei has also been expanding its business and exploring autonomous driving networks and technologies with operators, proposing different levels of driving automation. They’re currently in the work of developing vehicles and infrastructure ends by rolling out products like the roadside unit, EI-based intelligent twins, and OceanConnect intelligent transportation platform. Although the company has announced that it won’t build cars but will just help automotive manufacturers like BYD to build better cars equipped with 5G that run on Huawei’s smart car system based on Harmony OS, the company’s investment in the automotive industry is still highly watched.

Almost Self-Driving Cars in 2020

Tesla stated that it will sell its self-driving computer chips and will be able to make its vehicles completely autonomous by the end of this year. Cadillac, Nissan, BMW, Mercedes-Benz, and Toyota are also making every effort to build fully autonomous cars. While the era of full self-driving cars hasn’t yet arrived, we should prioritize security technologies that make autonomous driving feasible without any external threats or interventions.

As experts predict there will be more than 125 million autonomous cars on the road by 2030, the actual concerns about autonomous driving-related to companies taking proper cybersecurity measures have been raised. Of course, protecting the vehicle itself is the utmost priority, but for now, companies are trying to build safer charging environments as the public has already seen attackers causing damage to electronic charging stations, which is the fundamental infrastructure needed to support EV operations.

AutoCrypt, Safeguarding the Fundamental Infrastructure

Many experts in the industry have been predicting the vehicles will become a rolling internet device, a smartphone on 4 wheels, which will become much more than just a means of transportation. Additionally, according to McKinsey, the automotive-related software market will double in value to USD 469 billion over the next 10 years. This means that your vehicle will not only become convenient, smart, and optimized but also a rolling data center, and securing the storage and data is the biggest legal challenge the EV manufacturers are currently facing.

Additionally, the current technology implemented at stations is mostly out-of-date open charge point protocol based on HTTPS which doesn’t encrypt data when safeguarding electric vehicle charging is the key to secure mobility. As driving an electric car is much more than just charging the battery, we need to make sure that our credentials and data are kept and exchanged safely through a reliable V2G security solution.

AutoCrypt V2G protects both the electric vehicle and its supply equipment (EVSE) during the PnC process, which uses PKI technology. The solution verifies the identities of both the vehicle and the charger, ensuring a safe exchange of information.

To learn more about AUTOCRYPT’s security solutions, click here.

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