Since Toyota AI Ventures was founded in July 2017, I’ve received a flurry of questions from startup founders, institutional venture capital investors, other corporate venture capital investors, and the press. They want to know how the fund is structured, how (and how fast) we make decisions, the role of our corporate business units, whether we… Continue reading @Toyota: Finding New Mountains: Our Venture Mission of Discovery
Tag: Strategy
@Groupe PSA: NEW CITROËN Ë-SPACETOURER: 9 SEATS COMPACT MPV 100% ËLECTRIC
A pioneer in the field of people carriers and LAVs, Citroën has true expertise in developing versatile and spacious cars that are a pleasure to live in. The Brand proves this once again by unveiling the 100% ëlectric version of the SpaceTourer compact MPV: ë-SpaceTourer. This way, customers will be able to choose their energy,… Continue reading @Groupe PSA: NEW CITROËN Ë-SPACETOURER: 9 SEATS COMPACT MPV 100% ËLECTRIC
@Groupe PSA: Christian Müller appointed new Head of Powertrain & Chassis Engineering for the Group
Christian Müller, current Opel R&D chief, succeeds Alain Raposo at Groupe PSA level with the same responsibilities Marcus Lott to follow Christian Müller as Vice President Opel/Vauxhall Engineering Christian Müller, currently Managing Director Engineering Opel Automobile GmbH has been appointed new Head of Powertrain & Chassis Engineering of Groupe PSA effective August 1. He will report… Continue reading @Groupe PSA: Christian Müller appointed new Head of Powertrain & Chassis Engineering for the Group
Daimler-backed Momenta says its robotaxis will be fully driverless and profitable in 2024
In China and the U.S., there’s much debate about when and how humans will achieve fully autonomous robotaxis at scale — cars that chauffeur passengers under complex road conditions without safety drivers behind the wheel. Many pieces are needed to make this happen: mammoth amounts of test data, advanced algorithms, strong operational teams, big checks… Continue reading Daimler-backed Momenta says its robotaxis will be fully driverless and profitable in 2024
NIO China Receives First Two Installments of Cash Infusion
NIO Inc. NIO recently announced that its strategic investors, including Hefei City Construction and Investing Holding, CMD-SDIC Capital and Anhui Provincial Emerging Industry Investment, have completed cash injections for NIO Anhui, a legal entity of NIO China wholly owned by the company, for the first two installments of funding commitments. NIO Anhui’s minority investors include… Continue reading NIO China Receives First Two Installments of Cash Infusion
China’s smart electric vehicle player NIO Anhui raises $679m from investors
NY-listed Chinese leading smart electric vehicle company NIO Inc on Tuesday said that its fully-owned unit NIO (Anhui) Holding Co Ltd has received a cash injection of 4.8 billion yuan ($679 million) in line with an agreed payment schedule with strategic investors. In April this year, NIO had forged an agreement with a slew of… Continue reading China’s smart electric vehicle player NIO Anhui raises $679m from investors
@BMW: Interview with Oliver Zipse, Chairman of the Board of Management of BMW AG: “We will be taking sustainability to a whole new level”
Munich. When it comes to sustainability, major corporations have a key role to play. The BMW Group acknowledged this fact long ago and outperforms industry rivals by far in terms of CO2 emissions per vehicle produced. But as new powertrains such as e-drives gain momentum, the approach to sustainable vehicle production is changing. In an… Continue reading @BMW: Interview with Oliver Zipse, Chairman of the Board of Management of BMW AG: “We will be taking sustainability to a whole new level”
@Daimler: Daimler Truck AG is working intensively to prepare series production of fuel cells
Experts at the Stuttgart site are developing new, state-of-the-art production facilities as the technological template for subsequent series production. Martin Daum, Chairman of the Board of Management of Daimler Truck AG and Member of the Board of Management of Daimler AG: “We are pursuing the vision of the CO2-neutral transportation of the future. The hydrogen-based… Continue reading @Daimler: Daimler Truck AG is working intensively to prepare series production of fuel cells
Bharat Forge writes off its investment in e-truck maker Tevva Motors
Bharat Forge has provided Rs 89 crore towards impairment of its investment in Tevva Motors (Jersey) Ltd, the company said in a regulatory filing today. In June 2018, Bharat Forge had taken a strategic stake in the UK-based Tevva Motors, a provider of electric powertrain solutions for commercial vehicles for 10 million pounds (about Rs… Continue reading Bharat Forge writes off its investment in e-truck maker Tevva Motors
NIO Announces Substantial Completion of Cash Injections into NIO China in June
SHANGHAI, China, June 29, 2020 (GLOBE NEWSWIRE) — NIO Inc. (“NIO” or the “Company”) (NIO), a pioneer in China’s premium smart electric vehicle market, today announced that the investors have substantially completed the cash injection obligations for the first two installments of their investments in NIO China. NIO (Anhui) Holding Co., Ltd., or NIO Anhui,… Continue reading NIO Announces Substantial Completion of Cash Injections into NIO China in June