Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go public through a merger with Chinese blank-check acquisition firm CITIC Capital Acquisition Corp, people familiar with the matter said on Monday. Quanergy would be the latest company developing LiDAR technology – which uses laser beams to help generate a three-dimensional… Continue reading Self-driving tech supplier Quanergy nears China-backed SPAC deal to go public …
Category: Automotive
Ford Motor Co. hires former Renault exec Franck Louis-Victor to lead new businesses
A former Groupe Renault executive, Franck Louis-Victor, will join Ford Motor Co. on July 1 as vice president of new businesses, the Dearborn automaker announced Monday. His role is essential to developing and implementing a strategic plan for the Ford+ plan to create new value for customers and stakeholders, the company said in a news release. He will… Continue reading Ford Motor Co. hires former Renault exec Franck Louis-Victor to lead new businesses
Amazon is reportedly buying 1,000 autonomous truck-driving systems, which could pave the way for one day ditching drivers
Amazon reportedly ordered 1,000 autonomous truck-driving systems from a startup called Plus. The retail giant also has the option to buy shares of the AI startup, according to a recent filing. The technology falls in line with Amazon’s focus on AI-related technology. See more stories on Insider’s business page. Amazon has agreed to buy 1,000… Continue reading Amazon is reportedly buying 1,000 autonomous truck-driving systems, which could pave the way for one day ditching drivers
Lordstown Motors Invites Investors and Analysts to Its Factory
Its fortunes took a turn this year when a small investment firm, Hindenburg Research, issued a report noting that almost none of the pre-orders were firm commitments to buy trucks, and some had come from small companies not currently operating truck fleets. The company has promised to start production of the Endurance in September, but… Continue reading Lordstown Motors Invites Investors and Analysts to Its Factory
Electric utility bike startup Ubco raises $10 million to fund its global expansion
Ubco, the New Zealand-based electric utility bike startup, has raised $10 million to fund a global expansion focused on the U.S. market and scale up its commercial subscription service business. Ubco’s hero product, the Ubco 2X2, is an all-wheel drive electric motorbike that looks like a dirt bike but rides like a moped. What began… Continue reading Electric utility bike startup Ubco raises $10 million to fund its global expansion
Elon Musk: Tesla will hold ‘AI Day’ to show progress and recruit talent
Elon Musk announced that Tesla will hold an ‘AI Day’ in about a month to show its progress in software and hardware related to artificial intelligence. However, the main goal is to recruit talent. Over the last few years, Tesla started holding events, not really to unveil new products, but to present new technologies that… Continue reading Elon Musk: Tesla will hold ‘AI Day’ to show progress and recruit talent
@VW Group: Configuration now possible: launch of the new Polo with standard Digital Cockpit and Infotainment system003330
The new Polo is launching with a Digital Cockpit as standard. Volkswagen designed the architecture of the control centre so that all the information relevant for driving is available in a single line of vision. And the clarity of this layout is hard to beat. The digital instruments and the Infotainment system merge into a… Continue reading @VW Group: Configuration now possible: launch of the new Polo with standard Digital Cockpit and Infotainment system003330
@VW Group: Porsche invests in a factory for high-performance battery cells003332
The move marks an extension of the sports car manufacturer’s technological leadership role in the field of electric mobility. Porsche and joint venture partner Customcells today announced the launch of production of high-performance battery cells at the Weissach Development Centre. Oliver Blume and Winfried Kretschmann (f.l.t.r.) “The battery cell is the combustion chamber of the… Continue reading @VW Group: Porsche invests in a factory for high-performance battery cells003332
@Toyota: Toyota Motor North America Announces Executive Change in ITx
Aimed to drive global digital transformation PLANO, Texas (June 21, 2021) – Toyota Motor North America (TMNA) today announced that Brian Kursar, Chief Technology Officer (CTO), TMNA and Toyota Connected North America (TCNA), has been promoted to group vice president, Digital Technology. Kursar will remain CTO for both TMNA and TCNA. In his new role,… Continue reading @Toyota: Toyota Motor North America Announces Executive Change in ITx
@Toyota: Toyota Research Institute Reaches New Technical Milestones in Robotics
Latest Advances Demonstrate Adeptness at Complex Tasks in Home Environments LOS ALTOS, Calif., June 21, 2021 — Today, Toyota Research Institute (TRI) unveiled new robotics capabilities aimed at solving complex tasks in home environments. Specifically, TRI roboticists were able to train robots to understand and operate in complicated situations that confuse most other robots, including… Continue reading @Toyota: Toyota Research Institute Reaches New Technical Milestones in Robotics