Kodiak Robotics is one of the last private autonomous vehicles companies focused on trucking that is still standing. Nearly all the rest have been wooed by the public marketplace and the capital it can provide. But co-founder and CEO Don Burnette says the three-year-old company’s strategy of staying focused and small(er) is paying off. It… Continue reading Kodiak Robotics’ founder says tight focus on autonomous trucks is working
Category: Tech News
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China’s indebted Evergrande to sell stakes in internet unit …
China’s most indebted property developer Evergrande Group has agreed to sell stakes in its internet unit HengTen Networks Group Ltd worth a total of HK$3.25 million ($418.2 million), an exchange filing showed on Sunday. Worries over the developer’s debt and the potential for systemic financial risk have intensified after Evergrande said in June its project… Continue reading China’s indebted Evergrande to sell stakes in internet unit …
Chinese EV battery-maker SVOLT closes $1.6b Series B round led by BOCGI …
Chinese EV battery maker and storage solutions provider SVOLT Energy Technology has raked in 10.28 billion yuan ($1.6 billion) in a Series B round just five months after the completion of its big-ticket Series A round. The new round was led by Bank of China Group Investment (BOCGI), a Hong Kong-incorporated direct investment arm of… Continue reading Chinese EV battery-maker SVOLT closes $1.6b Series B round led by BOCGI …
TuSimple’s self-driving truck network takes shape with Ryder partnership
TuSimple, the self-driving truck company that went public earlier this year, has partnered with Ryder as part of its plan to build out a freight network that will support its autonomous trucking operations. Under the deal announced this week, Ryder’s fleet maintenance facilities will act as terminals for TuSimple’s freight network. TuSimple’s so-called AFN, or… Continue reading TuSimple’s self-driving truck network takes shape with Ryder partnership
Argo AI can now offer the public rides in its autonomous vehicles in California
Argo AI, the autonomous vehicle technology startup backed by Ford and VW, has landed a permit in California that will allow the company to give people free rides in its self-driving vehicles on the state’s public roads. The California Public Utilities Commission issued the so-called Drivered AV pilot permit earlier this month, according to the… Continue reading Argo AI can now offer the public rides in its autonomous vehicles in California
Tesla agrees to pay owners $625 each over battery throttling after class-action lawsuit
Tesla has agreed to settle a class-action lawsuit over throttling battery capacity. The court hasn’t approved the settlement, but it is expected to be and will include a payment of $625 to each affected Tesla owner. Back in 2019, Electrek reported on several reports from Tesla owners about seeing significant drops in range from 12 to 30… Continue reading Tesla agrees to pay owners $625 each over battery throttling after class-action lawsuit
Elon Musk Reportedly Demanded to Be Made CEO of Apple
Absolute chutzpah. Power Play According to explosive allegations in a new book, Elon Musk once demanded to be made CEO of software megacorporation Apple — prompting Tim Cook, the actual CEO, to hang up the phone in disgust. Here’s how things went down during a 2016 call, according to the Los Angeles Times‘ synopsis of… Continue reading Elon Musk Reportedly Demanded to Be Made CEO of Apple
Nikola’s Fake Hydrogen Truck Was Actually Plugged In During Demo, According to Lawsuit
The hydrogen fuel cell was never actually installed. One-Way Trip Nikola became the laughingstock of the automotive world last year when it emerged that it had rolled its (purportedly) hydrogen-electric semi truck down a hill in a high-profile demo because it couldn’t actually drive yet. Now, though, it turns out the ruse may have been… Continue reading Nikola’s Fake Hydrogen Truck Was Actually Plugged In During Demo, According to Lawsuit
Elon Musk Employees Are Instructed to Tell People He’s “Awesome” and “Inspiring”
“Yup, he’s a great leader! He motivates us to do great work.” Dear Leader If you take a ride on Loop, Elon Musk’s underground tunnel transportation system in Las Vegas, you might get a bizarrely rosy portrait of the enigmatic megabillionaire during your journey. That’s because The Boring Company provides drivers — yes, the high-tech… Continue reading Elon Musk Employees Are Instructed to Tell People He’s “Awesome” and “Inspiring”
Uber slides 4% on report SoftBank will shed a third of its stake in the ride-hailing app
Photo by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images Uber’s stock fell 4% on Thursday after CNBC reported SoftBank is offloading a large stake in the firm. The latest share sale could take SoftBank’s holdings in Uber to less than 100 million shares. Reports say the decision is unrelated to SoftBank’s $4 billion loss from its… Continue reading Uber slides 4% on report SoftBank will shed a third of its stake in the ride-hailing app