Phylion, a maker of lithium-ion batteries for electric vehicles (EVs), is planning to raise up to 1.5 billion yuan ($236 million) in a new round of financing, according to a statement on Tuesday. State-backed Shenzhen Capital Group, the lead investor of the round, has already seeded 950 million yuan ($149 million), the statement added. Upon… Continue reading Chinese EV battery maker Phylion looks to raise $236m in new round
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Cadillac will offer two new features to select Super Cruise drivers this summer
GM’s Super Cruise will learn two new tricks this summer. GM announced on Tuesday that the driver assist system will offer Automatic Lane Change and Trailering capabilities for eligible owners. Owners of the 2021 Cadillac CT4 and CT5 will have the opportunity to purchase Automatic Lane Change capabilities while 2021 Escalade owners will be given the Trailering option,… Continue reading Cadillac will offer two new features to select Super Cruise drivers this summer
Tesla raises prices across its entire EV lineup
Tesla has raised the prices of its electric vehicles for the second time within the month. After adding $1,000 to some long-range models last week, the automaker has now implemented a much larger price increase across its lineup. As Electrek reports, its prices now start at $46,990 for the base Model 3, $2,000 higher than… Continue reading Tesla raises prices across its entire EV lineup
The Station: A final rule for AVs and Cruise’s Kyle Vogt on why he’s ready to be CEO again
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hello readers: Welcome to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. It… Continue reading The Station: A final rule for AVs and Cruise’s Kyle Vogt on why he’s ready to be CEO again
Lyft to add temporary fuel surcharge to fares amid spike in gas prices
Lyft plans to add a temporary fuel surcharge to fares amid rising fuel prices around the country, the company confirmed to The Verge on Monday. “We’ve been closely monitoring rising gas prices and their impact on our driver community,” Lyft spokesperson CJ Macklin said in a statement. “Driver earnings overall remain elevated compared to last… Continue reading Lyft to add temporary fuel surcharge to fares amid spike in gas prices
Ford announces new EV production and profit goals for Europe
Ford is accelerating plans to sell more electric vehicles in Europe on its way toward reaching carbon neutrality in the region by 2035. The automaker announced Monday that it will launch three new electric passenger vehicles and four new electric commercial vehicles in Europe over the next two years. The company also said it plans… Continue reading Ford announces new EV production and profit goals for Europe
Moove raises $105M to scale its vehicle financing product across Asia, Europe and MENA
Moove, an African mobility fintech that provides vehicle financing to drivers of ride-hailing platforms like Uber and other gig networks, has raised $105 million in new Series A2 financing. Existing investors Speedinvest, Left Lane Capital and thelatest.ventures (the first two are lead investors from its Series A) led this round shared between $65 million equity… Continue reading Moove raises $105M to scale its vehicle financing product across Asia, Europe and MENA
Cleantechnica: Stellantis CEO Certain Company Can Catch Tesla 001793
Stellantis CEO Carlos Tavares told the world this week, “I am very confident — I am trying not to be arrogant, just confident — of the fact that we are going to catch up in the next couple of years with Tesla and it’s going to be a very healthy competition.” The company released a… Continue reading Cleantechnica: Stellantis CEO Certain Company Can Catch Tesla 001793
Luminar’s Austin Russell talks life post-IPO, AV deals and lidar’s future at TC Sessions: Mobility 2022
Achieving the vision of a world where fully autonomous vehicles are both safe and ubiquitous continues to be a long and winding road. Three complementary sensor technologies have emerged in the race to build vehicles that don’t require human intervention: camera, radar and lidar (light detection and ranging radar). Lidar, in particular, is widely considered… Continue reading Luminar’s Austin Russell talks life post-IPO, AV deals and lidar’s future at TC Sessions: Mobility 2022
The Station: Tier buys Spin, Waymo gets to charge for robotaxi and Tesla needs a Tim Cook
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hello readers: Welcome to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. Your… Continue reading The Station: Tier buys Spin, Waymo gets to charge for robotaxi and Tesla needs a Tim Cook