January 25, 2021

Flourishing Electric Vehicle Industry to Boost Demand for Automotive Software in Asia-Pacific (APAC) in Coming Years

The rising urbanization, rapid technological advancements and innovations in the automotive industry, and the increasing consumer preference for vehicles equipped with advanced safety features have caused a sharp rise in the demand for advanced automobiles such as connected cars all over the world. As a result, the sales of connected cars have climbed steeply in several countries around the world. Because of this reason, the global connected car market industry reached a revenue of almost $72.5 billion in 2019. The ballooning sales of these vehicles are fueling the surge in the requirement for automotive software.

This is because of the integration of advanced technologies such as the internet of things (IoT) in the various systems incorporated in the connected cars. The IoT-based technologies and systems are helping the automobile manufacturers achieve pathbreaking results related to in-vehicle connectivity solutions. Furthermore, the integration of these innovative technologies enhances the safety of the

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Eaton Names Bo Yang President of Vehicle Group and eMobility, APAC Region

Power management company Eaton today announced that Bo Yang has been named president, APAC, Vehicle Group and eMobility. In this new role, he will be located in Shanghai, China, and continue to report to João Faria, president, Vehicle Group, Eaton. Yang will expand his responsibilities for the Vehicle and eMobility businesses to include the entire APAC region, with direct oversight for operations, sales performance, market development and revenue growth.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201008005537/en/

Eaton has named Bo Yang president of Vehicle Group and eMobility for the APAC region. (Photo: Business Wire)

“Bo’s had a tremendous impact on our business since joining Eaton,” said Faria. “His proven track record, combined with his global experience, market knowledge and technical expertise make him the right fit for this role.”

Yang joined Eaton’s Vehicle Group in January 2019 as vice president and general manager of China for

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