author: Eric Walz Rivian Automotive, an automotive technology company developing electric SUVs and pickup trucks has secured $200 million of debt financing from Standard Chartered Bank, adding to the financing Rivian has already secured from other investors, including Sumitomo Corporation of Americas (SCOA). RJ Scaringe, Founder and Chief Executive Officer of Rivian, stated, “This latest… Continue reading Rivian Automotive Closes Financing Round of $200 Million
Author: Google News Scanning
Uber to develop flying taxis in Paris with new €20m research centre
Uber Firm’s first non-US Advanced Technologies Centre will host Elevate programme and research into electric transport Uber said that the Paris base will allow it to more easily work with European aviation regulators, such as the European Aviation Safety Agency. Photograph: Robyn Beck/AFP/Getty Images Uber is opening a new research centre in Paris to develop… Continue reading Uber to develop flying taxis in Paris with new €20m research centre
As Meridian Magnesium layoffs loom, Eaton Rapids prepares for worst
CLOSE Two people were injured and more than 100 workers were evacuated from an auto parts plant in Eaton Rapids early Wednesday after a fire and a series of explosions. Matthew Dae Smith, Lansing State Journal Buy Photo Meridian Magnesium employees were notified in May 3 meeting the company will eventually lay people off. Fire… Continue reading As Meridian Magnesium layoffs loom, Eaton Rapids prepares for worst
Geely’s Korean Partner Mando Seeks Bounty in China’s EV Startups
For Mando Corp., a South Korean auto-parts maker, China’s market for battery-powered and driverless vehicles is the next big thing. The maker of camera sensors and electric steering systems that supplies to Chinese EV startups including Byton, is expecting sales in China to grow 10 percent annually in the next few years, according to Chief… Continue reading Geely’s Korean Partner Mando Seeks Bounty in China’s EV Startups
Tata Motors stops production of Indica, Indigo CS
The production of Indica in FY17 stood at 19,042 units, and in FY18, it dropped substantially to 1,686 units. Photo: Bloomberg New Delhi: Tata Motors has stopped production of its once popular compact car Indica and Indigo CS sedan since the demand for these products plummeted over the past two years. The capacity will now… Continue reading Tata Motors stops production of Indica, Indigo CS
Coventry-made driverless pods ready to roll
Coventry-made self-driving vehicles which will form part of the biggest autonomous vehicle trials in the UK are ready to roll. Ten ‘Pod Zero’ vehicles made by Aurrigo, a division of RDM Group, have arrived in Milton Keynes, where they will soon be taking to the pavements and streets of the town. The pods are being… Continue reading Coventry-made driverless pods ready to roll
Porsche Stops Taking Custom Orders In Europe To Prepare For WLTP
The tougher test procedure is forcing Porsche to take some drastic decisions. In case you haven’t heard by now, the overly optimistic lab-based New European Driving Cycle (NEDC) will be replaced beginning September with the far more realistic Worldwide Harmonized Light Vehicle Test Procedure (WLTP) that takes place in the real world. This switch has had… Continue reading Porsche Stops Taking Custom Orders In Europe To Prepare For WLTP
Geely’s Volvo electric vehicles are using Korean batteries made in China and the competition isn’t happy
China’s protectionist laws are currently being relaxed when it comes to electric vehicles, but there are still some rigorous restrictions. For example, Chinese electric vehicles need to be powered by Chinese batteries. A new report now shows that Geely found a workaround for Volvo’s electric vehicles by using Korean batteries made in China and the competition… Continue reading Geely’s Volvo electric vehicles are using Korean batteries made in China and the competition isn’t happy
Uber’s Flying Car Chief Jeff Holden Has Stepped Down
Uber has a lost a key player in its bid to bring flying cars to the world. The company’s chief product officer and head of its Elevate flying car division Jeff Holden has left the company, according to Recode. In a statement to the news outlet, Uber would only say that Holden is moving on… Continue reading Uber’s Flying Car Chief Jeff Holden Has Stepped Down
Velodyne LiDAR Demonstrates World’s Most Capable LiDAR for Autonomous Vehicles at SmartDrivingCar Summit
SAN JOSE, Calif.–(BUSINESS WIRE)–Velodyne LiDAR Inc. today announced it is sponsoring the SmartDrivingCar Summit, which takes place on May 16-17 in Princeton, N.J. and brings together buyers, sellers and facilitators of autonomous cars, trucks and buses. At the conference, Velodyne LiDAR will discuss and demonstrate LiDAR technology that is primed to lead the autonomous revolution… Continue reading Velodyne LiDAR Demonstrates World’s Most Capable LiDAR for Autonomous Vehicles at SmartDrivingCar Summit