Tesla’s latest Full Self-Driving (FSD) beta software 10.3 has been pulled shortly after it was released, with CEO Elon Musk citing “some issues” in a tweet, TechCrunch has reported. Musk said one such issue is “regression” with left turns, while testers have posted about phantom forward collision warnings, autosteer bugs and more. The FSD has… Continue reading Elon Musk says ‘issues’ have forced Tesla to pull its latest full self-driving beta
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Lyft’s first-ever safety report reveals over 4,000 assaults between 2017-2019
Warning: this story contains descriptions of sexual assault that some readers may find disturbing. Ten people were killed in physical altercations and over 4,000 people were assaulted during Lyft rides from 2017-2019, the company revealed in its first-ever safety report. Also during that period, 105 people died in fatal vehicle crashes involving a Lyft car.… Continue reading Lyft’s first-ever safety report reveals over 4,000 assaults between 2017-2019
Asia Digest: Pakistan’s Rider bags $2.3m; S Korea’s Yanolja buys Interpark
Pakistan-based last-mile delivery provider Rider has bagged $2.3 million in a seed funding round; while South Korean travel platform Yanolja will acquire 70% stake in the country’s e-commerce pioneer, Interpark, for about $250 million. Pakistan’s Rider bags $2.3m seed funding Pakistan’s last-mile delivery provider Rider has bagged $2.3 million in a seed funding round led… Continue reading Asia Digest: Pakistan’s Rider bags $2.3m; S Korea’s Yanolja buys Interpark
Nikola holds on to its lawsuit against Tesla because that’s all it’s got
Nikola managed to barely hold on to its $2 billion lawsuit against Tesla over the design of its electric truck. The company’s stock went up 5% on the news as Nikola’s prospects are more and more limited following several controversies. As we previously reported, Nikola alleged that Tesla’s electric truck design infringes on its existing… Continue reading Nikola holds on to its lawsuit against Tesla because that’s all it’s got
Xpeng-backed urban air mobility company, HT Aero, raises $500M
HT Aero, an urban air mobility (UAM) company that’s an affiliate of Chinese electric vehicle manufacturer Xpeng, has announced a $500 million Series A raise. The company will use the funds to acquire top-tier talent, advance R&D and “continue to gain airworthiness provision and certification” as it advances towards the next generation of its vehicles,… Continue reading Xpeng-backed urban air mobility company, HT Aero, raises $500M
XPeng’s Xiaopeng Heitech secures over $500m in Series A co-led by IDG …
Xiaopeng Heitech, a subsidiary of China’s leading electric vehicle (EV) manufacturer XPeng Motor, has raked in over $500 million in its Series A round. The parent company XPeng alongside IDG Capital and 5Y Capital has co-led the fresh round, while other investors include Sequoia Capital China, GGV Capital, Eastern Bell Capital, Hillhouse Capital’s GL Ventures… Continue reading XPeng’s Xiaopeng Heitech secures over $500m in Series A co-led by IDG …
Amazon’s Zoox is expanding autonomous vehicle operations, testing to Seattle
Zoox, the autonomous vehicle startup acquired last year by Amazon, is expanding to Seattle. The company plans to open in 2022 an engineering office and operations facility, which will act as a base for its autonomous vehicle testing, Zoox, which today employs more than 1,300 people, tests its autonomous vehicles in San Francisco, Las Vegas… Continue reading Amazon’s Zoox is expanding autonomous vehicle operations, testing to Seattle
Asia Digest: SG’s Fat Projects Acquisition raises $100m; K Car mops up $285m in IPO
SG-based SPAC firm Fat Projects Acquisition Corp has announced the closing of its $100-million IPO while K Car, a South Korean automotive marketplace fully owned by private equity firm Hahn & Company, has raised $285 million in its IPO. SG’s Fat Projects Acquisition raises $100m IPO Singapore-headquartered investment and venture studio Fat Projects Acquisition Corp… Continue reading Asia Digest: SG’s Fat Projects Acquisition raises $100m; K Car mops up $285m in IPO
Tesla Just Scrubbed the Cybertruck Prices, Specs from Its Website
This comes after its release was delayed to next year. Bad Luck Cybertruck The Cybertruck is starting to feel like it’s been cursed from the start. From its less-than-auspicious debut to its recent delay to late 2022, the vehicle is starting to seem more like a pipedream than a reality. Now, Tesla has even gone… Continue reading Tesla Just Scrubbed the Cybertruck Prices, Specs from Its Website
Volkswagen Group BEV delivery numbers still a year behind Tesla, but gaining fast at 138% YOY
Following the release of its Q3 delivery numbers, Volkswagen Group continues to grow its presence in the BEV market, up 109% compared to Q3 last year. Nine months into 2021, Volkswagen has more than doubled its worldwide deliveries, nipping at the heels of Tesla – the current undisputed EV market leader. Tesla continues to grow… Continue reading Volkswagen Group BEV delivery numbers still a year behind Tesla, but gaining fast at 138% YOY