Category: Tech News

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Baidu’s electric car brand Jidu closes $400M Series A round

Once an industry with long development cycles, the automotive space is being upended by China’s tech giants. One can hardly keep up with all the new electric vehicle brands that come out of the country nowadays. Jidu, an electric carmaking company founded by Baidu and its Chinese auto partner Geely only a year ago, said… Continue reading Baidu’s electric car brand Jidu closes $400M Series A round

Wandelbots Raises $84M in Series C Funding

Wandelbots CEO Christian Piechnick Wandelbots, a Dresden, Germany-based robotic software company that is making industrial robots accessible for everyone, raised over $84m in Series C financing. The round was led by Insight Partners, with participation from existing investors 83North, Microsoft, Next47, Paua, Atlantic Labs and EQT. In conjunction with the funding, Philine Huizing, Principal at Insight Partners, will… Continue reading Wandelbots Raises $84M in Series C Funding

Baidu’s EV arm Jidu raises $400m in new funding round

Baidu’s electric vehicle (EV) arm Jidu Auto said on Wednesday that it had raised nearly $400 million from Baidu and Zhejiang Geely Holding Group in a fresh funding round. Jidu, an EV venture between China’s search engine company Baidu and Chinese automaker Geely, said in a statement that it would deliver its mass-produced “robot” cars in 2023.… Continue reading Baidu’s EV arm Jidu raises $400m in new funding round

Daily Crunch: Google dumps FloC plan, proposes new Topics API for ad targeting

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PST, subscribe here. Hello and welcome to Daily Crunch for January 25, 2022! Today our cup overflows with news. There’s simply too much going on to cover in a single newsletter, so I’ve tried to… Continue reading Daily Crunch: Google dumps FloC plan, proposes new Topics API for ad targeting

Ford starts production of its new all-electric E-Transit cargo van

Ford has started production of its electric E-Transit cargo vans at its factory in Kansas City, Missouri with the first deliveries expected in the next several weeks, Ford Pro North America general manager Tim Baughman told TechCrunch. Baughman’s comments follow Ford’s announcement earlier this month that it will nearly double production capacity of its upcoming electric… Continue reading Ford starts production of its new all-electric E-Transit cargo van

GM and LG announce giant new 50 GWh battery cell factory in the US

GM and LG Energy Solution, through their Ultium partnership, announced a giant new 50 GWh battery cell factory coming to Lansing, Michigan in the US. It’s going to be the third Ultium battery factory to support GM’s EV ambitions. At Electrek, we always say that if you want to gauge how serious an automaker is… Continue reading GM and LG announce giant new 50 GWh battery cell factory in the US

General Motors will build a third EV battery factory in the US

General Motors announced a $7 billion investment in growing its electric vehicle manufacturing capabilities in Michigan, calling it “the single largest investment announcement in GM history.” The company will spend the money on four manufacturing sites, with plans to create 4,000 new jobs and retain another 1,000 in the state. The investment includes construction of… Continue reading General Motors will build a third EV battery factory in the US

Seven CEOs and one secretary of transportation on the future of cars

Regular listeners of Decoder know car CEOs love coming on the show. There is a lot of change in the car industry, a lot of big ideas about how to manage that change, and a lot of big problems to solve: the transition to electric vehicles, the fact that cars are basically turning into rolling… Continue reading Seven CEOs and one secretary of transportation on the future of cars

Chinese automaker Changan to list EV unit around 2025

Chinese state-run automaker Chongqing Changan Automobile plans to list its electric vehicle (EV) unit around 2025, the China Securities Journal said on Tuesday. The unit completed fundraising round B on Monday, said the paper, reaping 5 billion yuan ($789.84 million), 2 billion yuan over its planned target. Changan did not immediately respond to a request for comment. Reuters reported last year that the unit was planning to list on STAR Market.… Continue reading Chinese automaker Changan to list EV unit around 2025