Sales of Tesla’s Cybertruck have plummeted from their peak last year, to the point that the hulking (and expensive) GMC Hummer EV outsold the polarizing steel-clad curiosity in the second quarter. Tesla sold just 4,306 Cybertrucks in the second quarter, just shy of the 4,508 Hummers that GMC moved in the same period, according to… Continue reading GMC Hummer EV outsold the Tesla Cybertruck last quarter
Author: Tech Crunch Online News
Ex-Waymo engineers launch Bedrock Robotics with $80M to automate construction
Bedrock Robotics, an autonomous vehicle technology startup founded by veterans of Waymo and Segment, has been operating quietly for more than a year. Now, it’s breaking cover with an $80 million funding round from investors Eclipse and 8VC. Bedrock Robotics is focused on developing a self-driving kit that can be retrofitted to construction and other… Continue reading Ex-Waymo engineers launch Bedrock Robotics with $80M to automate construction
Faraday Future faces potential SEC enforcement action after three-year probe
The Securities and Exchange Commission (SEC) has sent letters to Faraday Future founder Jia Yueting and president Jerry Wang, alerting them that they may soon face enforcement actions from the agency as the result of a three-year fraud investigation. The letters, known as “Wells Notices,” state that the commission’s staff has made an internal determination… Continue reading Faraday Future faces potential SEC enforcement action after three-year probe
Transit software startup Via confidentially files for an IPO
Via, the transit software startup that garnered attention for its consumer-facing on-demand shuttle service, said it has filed confidentially for an initial public offering. Via has been batting around plans for an IPO for years. The company filed confidentially for an IPO in 2021, but never took the next official and regulatory steps to enter… Continue reading Transit software startup Via confidentially files for an IPO
China’s Geely is officially bringing its luxury EV startup Zeekr private
China’s Geely Auto is officially taking its luxury EV subsidiary Zeekr private, just over a year after the company debuted on the New York Stock Exchange. The news comes two months after Geely offered to take Zeekr private, following President Donald Trump’s threats earlier this year to delist Chinese stocks from U.S. exchanges. When the… Continue reading China’s Geely is officially bringing its luxury EV startup Zeekr private
AV startup Pronto.ai acquires off-road autonomous vehicle rival SafeAI
The Venn diagram of engineers who know a little bit about AI, self-driving, and mining has a small intersection. Pronto.ai CEO Anthony Levandowski wants as many of those people as possible. And an acquisition is helping him achieve that goal. The San Francisco-based startup, which has developed a self-driving system designed for haulage trucks and… Continue reading AV startup Pronto.ai acquires off-road autonomous vehicle rival SafeAI
Lucid Motors will roll out hands-free highway driving this month
Lucid Motors is set to roll out a software update on July 30 that will enable hands-free highway driving on its Air sedans, a major step forward for the company’s advanced driver assistance system. The rollout will put Lucid Motors on a short list of companies that have made hands-free driving possible in the United… Continue reading Lucid Motors will roll out hands-free highway driving this month
Uber’s latest robotaxi partner is China’s Baidu
Uber has struck another deal with a robotaxi provider, and this time it’s with Chinese tech giant Baidu. The two companies announced Tuesday that they have agreed to a “multi-year strategic partnership to deploy thousands of Baidu’s Apollo Go autonomous vehicles (AVs) on the Uber platform” in multiple markets outside the U.S. and mainland China.… Continue reading Uber’s latest robotaxi partner is China’s Baidu
Tesla finally enters India — nine years after Elon Musk first teased its debut
Tesla has made its long-awaited entry into India with the opening of its first showroom — nine years after CEO Elon Musk first teased the move in April 2016 and following years of delays and shifting timelines in one of the world’s largest automotive markets. Tesla calls the showroom an “Experience Center” and has located… Continue reading Tesla finally enters India — nine years after Elon Musk first teased its debut
GM to challenge China’s LFP monopoly with upgraded battery factory
GM said Monday it is working with joint venture partner LG Energy Solution to upgrade its Ultium battery factory to make lithium-iron-phosphate cells for the automaker’s low-cost EVs. The factory’s overhaul will give LFP production in the United States a significant boost. Despite being invented and commercialized in the U.S., today the vast majority of… Continue reading GM to challenge China’s LFP monopoly with upgraded battery factory