British-American vehicle manufacturer Arrival today announced it plans to establish an $11.5 million battery plant in Charlotte, North Carolina. The factory will be the company’s third overall facility in the city. It will be located just steps away from its soon-to-be-complete North American headquarters. Once the plant is operational, it will supply batteries to the… Continue reading EV startup Arrival is building a $11.5 million battery plant in North Carolina
Category: Tech News
Category Added in a WPeMatico Campaign
Samsung combines mobile and consumer electronics businesses
Samsung Electronics has announced an internal reorganization of its businesses with several changes to leadership. The company will have two new CEOs overseeing two divisions: Device Solutions, which is the semiconductors business, and a new SET Division that includes mobile, TVs, and consumer electronics. It’s the biggest change to Samsung’s structure since 2017, when the… Continue reading Samsung combines mobile and consumer electronics businesses
EV maker Arrival to build high-voltage battery module assembly plant in North Carolina
Arrival, the electric vehicle manufacturer that aims to break up the assembly line in favor of multiple microfactories, is investing $11.5 million to build a high-voltage battery module assembly plant in Charlotte, North Carolina. The plant will provide batteries for electric buses and vans produced at the company’s microfactories in Rock Hill, South Carolina and… Continue reading EV maker Arrival to build high-voltage battery module assembly plant in North Carolina
Uber spinout Serve Robotics gets $13M seed round to expand sidewalk robot deliveries
Serve Robotics, the autonomous sidewalk delivery company that spun out from Uber-owned Postmates in March, has closed an expanded seed round at $13 million. The company will use the funds to accelerate its expansion plans into new customer segments and geographic areas, which will require them to build more sidewalk robots to fuel that growth.… Continue reading Uber spinout Serve Robotics gets $13M seed round to expand sidewalk robot deliveries
Toyota will build a $1.29 billion electric vehicle battery factory in North Carolina
Toyota will build a $1.29 billion battery factory in North Carolina in an effort to bring some of its electric vehicle supply chain to the US. The news comes on the heels of Toyota’s announcement that it will invest around $13.6 billion in battery tech over the next decade, including a $9 billion investment in… Continue reading Toyota will build a $1.29 billion electric vehicle battery factory in North Carolina
Lucid Motors’ mega SPAC merger is under investigation
The Securities and Exchange Commission (SEC) is investigating yet another merger between an EV startup and a special purpose acquisition company, or SPAC. This time, it’s the massive deal from July that turned Saudi-owned Lucid Motors into a publicly traded company worth more than $20 billion. Lucid Motors announced the probe in a Monday morning… Continue reading Lucid Motors’ mega SPAC merger is under investigation
EV automaker Lucid Group under investigation by SEC
Lucid Group has been subpoenaed by securities regulators investigating the electric automaker’s merger that enabled it to become a a publicly traded company. Lucid said in regulatory filing Monday morning that the Securities and Exchange Commission requested certain documents related to its investigation. “Although there is no assurance as to the scope or outcome of… Continue reading EV automaker Lucid Group under investigation by SEC
Argo releases standards for how self-driving cars should act around cyclists
Argo AI, an autonomous driving technology company, teamed up with advocacy group the League of American Cyclists (LAB) to come up with guidelines for how self-driving vehicles should identify and interact with cyclists. The goal is to set a standard for other AV companies in the industry to follow, particularly as the self-driving industry moves… Continue reading Argo releases standards for how self-driving cars should act around cyclists
The Station: Didi delists, a plea for the Chips Act and crypto for in-car purchases
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. Welp,… Continue reading The Station: Didi delists, a plea for the Chips Act and crypto for in-car purchases
China Evergrande braces for another debt deadline
After lurching from deadline to deadline, China Evergrande Group is again on the brink of default, with its pessimistic comments condemning its stock to a record low just as direct state involvement raises hope of a managed debt restructuring. Having made three 11th-hour coupon payments in the past two months, Evergrande again faces the end… Continue reading China Evergrande braces for another debt deadline