Lamborghini is dipping its supercar toe into the non-fungible token pool. But unlike the primate-based computer-designed Twitter avatars that have come to represent the NFT community, the automaker is bridging the physical and digital world for its crypto offering. Well, off-world to be exact. The automaker — in partnership with NFT PRO and RM Sotheby’s… Continue reading Lamborghini’s NFT scheme includes real-world space treasures
Category: Tech News
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Elon Musk says ‘don’t forget about my robots’ as Roadster, Semi, Cybertruck deadlines slip
What’s more important to Elon Musk? A hugely successful business selling critically lauded electric vehicles or the sci-fi dream of a humanoid robot that doesn’t exist outside of a slide deck? Well, if you’re familiar with Musk’s modus operandi, you won’t be surprised that Musk has declared the latter — a non-existent robot — to… Continue reading Elon Musk says ‘don’t forget about my robots’ as Roadster, Semi, Cybertruck deadlines slip
Stellantis to raise stake in China JV with GAC to 75%
Stellantis plans to increase its stake in its 50-50 joint venture in China with Guangzhou Automobile Group (GAC) to 75% as part of its efforts to tackle one of the weak spots in its business. The deal remains subject to approval by the Chinese government, Stellantis, the world’s number four carmaker said on Thursday. Additional details on Stellantis‘… Continue reading Stellantis to raise stake in China JV with GAC to 75%
Taiwanese battery maker ProLogium inks investment deal with Mercedes-Benz …
Taiwanese battery maker ProLogium Technology Co on Thursday said it has signed a cooperation agreement with Daimler AG’s Mercedes-Benz to build test vehicles equipped with co-developed solid-state batteries in the coming years. ProLogium in a statement said it will receive “high double-digit” million euros in investment from the German luxury car maker which will also take a seat… Continue reading Taiwanese battery maker ProLogium inks investment deal with Mercedes-Benz …
Tesla kept its record 2021 profits rolling right through Q4
Following a profitable — and, ahem, notable — 2021, Tesla remains at the forefront of EV production in America as we enter the new year. With deliveries up nearly 90 percent over 2020’s figures, Tesla achieved “the highest quarterly operating margin among all volume OEMs,” during that time frame, according to the company’s Q4 figures… Continue reading Tesla kept its record 2021 profits rolling right through Q4
Cowboy raises $80M to take its e-bike business up a gear
The pandemic spurred a boom in electric bikes and other alternative urban transportation modes as city dwellers looked for less-crowded ways to get around their streets quickly and easily without resorting to cars. Now, one of the companies that benefitted from that trend is announcing a big round of funding to expand its business. Cowboy,… Continue reading Cowboy raises $80M to take its e-bike business up a gear
Tesla (TSLA) releases Q4 2021 financial results: beat expectations with over $2 billion in profit
Tesla (TSLA) has released its financial results and shareholders letter for the fourth quarter of 2021, and consequently for its full-year 2021, after market close today. We are updating this post with all the details from the financial results, shareholders’ letter, and the conference call later tonight. Refresh for the latest information. Tesla Q4 2021… Continue reading Tesla (TSLA) releases Q4 2021 financial results: beat expectations with over $2 billion in profit
Automotive Lobbying Group Abandons the Term “Self-Driving”
The training wheels are starting to come off. The Self-Driving Coalition for Safer Streets, a Washington, DC-based lobbying group representing a number of auto industry heavyweights, has renamed itself to the “Autonomous Vehicle Industry Association” (AVIA), a notable shift away from the term “self-driving,” The Verge reports. While the group didn’t directly mention Tesla in its… Continue reading Automotive Lobbying Group Abandons the Term “Self-Driving”
The self-driving car industry is abandoning the term ‘self-driving’ and leaving it to Tesla
So long, Self-Driving Coalition for Safer Streets; hello, Autonomous Vehicle Industry Association! The AV industry’s top lobbying group in Washington, DC is rebranding, dropping the reference to “self-driving” in exchange for a more straightforward moniker. The group, which was founded in 2016 by Waymo, Ford, Lyft, Uber, and Volvo, lobbies lawmakers to pass legislation favorable… Continue reading The self-driving car industry is abandoning the term ‘self-driving’ and leaving it to Tesla
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