Periodic Reporting for period 1 - KRG-250 (A fuel saving, emission reducing and cost effective Continuosuly Variable Transmission for European passenger vehicles)
Periodo di rendicontazione: 2016-12-01 al 2017-02-28
The automotive industry is highly competitive and has strict regulations on emissions. Thus, providing a vehicle that both adheres to these regulations and provides advanced fuel efficiencies gives vehicle manufacturers strong incentive to constantly improve and innovate.
The overarching Feasibility Study objective was to conduct the necessary activity and collate the required information to strengthen the business case and prepare for further fundraising (Phase 2) and development of the GIF-E Technology. To achieve this, we have fulfilled the following objectives:
• Technical and commercial risk assessed and mitigations identified
• Business model and sales figures validated against market conditions
• Innovation project work plan and budget
• Marketing strategies developed
• Five-year business model
Having undertaken this Feasibility Study, we are now confident that the KRG 250 technology is commercially viable. Therefore, we are proceeding with our plans to reach market as soon as possible. To achieve this, we shall submit a Horizon 2020 Phase 2 application to enable us to complete the technology development to increase capability, to complete commercial trials to gain market reference and continue our current route for commercialisation.
• 25% improved efficiency over existing CVT systems in real world driving – at 95% this meets the performance capability of a MT (Manual Transmission) system
• Achieves fuel consumption reduction of up to 30% over conventional AT (Automatic Transmission) with an associated reduction in CO2 emissions
• As there is no hydraulic requirement KRG is manufactured from few parts and so is very cost efficient, seeing up to 30% cost saving over AT, including new DCT (Double Clutch Transmission) systems.