Trend Micro, a founding member of Foxconn-initiated EV consortium MIH, has announced that it has set up a new subsidiary, VicOne, that focuses on automobile data security. According to the CEO of MIH, Jack Cheng, Trend Micro has also helped the EV consortium establish a cybersecurity team.
Trend Micro is now helping MIH deploy zero trust verification and more. Cheng added that MIH is selecting the best automotive suppliers from components, modular platform to solutions for carmakers and recruiting more members.
Mobile Drive, a joint venture of Foxconn's FIH Mobile and carmaker Stellantis, reportedly has also been in touch with VicOne.
MIH reportedly is also in talks with some Europe- and India-based suppliers, attempting to progress into the European market within this year.
Worldwide, MIH has partnered with Thai public oil company Petroleum Authority of Thailand (PTT), Saudi Arabia-based suppliers, and US-based EV startups Lordstown Motors and Fisker.
Cheng compared the business model of the latest over-the-air (OTA) cybersecurity technology to vaccination. Each OTA update is like a booster shot. Through its partnership with VicOne, MIH aims to create a crucial solution for all future EVs.
Cheng hinted that MIH is unveiling new automobile solutions related to power, battery, cybersecurity, and ADAS this October. Currently MIH has a task force that works on energy storage system solutions and CO2-tracking solutions.
Sources at suppliers pointed out that by 2030, around 60% of the vehicles in the world would be electric and 95% of all vehicles will be connected with Internet. Automobile cybersecurity has become an urgent issue for suppliers to tackle.