February 9, 2018 Venture capital and private equity firms in China continue to invest in the country’s tech firms, with Farasis Energy and Codoon raising fresh funds recently, according to a China Money Network report. China Venture Capital backs Farasis Energy’s $790m Series C Farasis Energy (Ganzhou), a Chinese lithium-ion battery company headquartered in California,… Continue reading China Digest: Farasis Energy raises $790m, Codoon secures $20m
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A new ‘ultra fast’ electric car charging network in Europe receives backing from Renault-Nissan
Europe is starting to get more than its fair share of electric car fast-charging networks – making the rest of the EV world jealous and now we learn of again a new one as French automaker Renault announces its backing of the project. Home Solar Power The network, called E-VIA FLEX-E, was actually announced in December, but… Continue reading A new ‘ultra fast’ electric car charging network in Europe receives backing from Renault-Nissan
2018:THE WORLD IS MOVING IN RIVERSIMPLE’S DIRECTION
Air pollution concerns have really brought the need for clean cars to the fore. Now that combustion-engined vehicles have a ‘Sell By’ date of 2040, there is much greater focus on practical and viable alternatives and the question of scale is surfacing. What are the 34 million cars in the UK alone going to be… Continue reading 2018:THE WORLD IS MOVING IN RIVERSIMPLE’S DIRECTION
Singapore: ComfortDelGro expands UK footprint, buys over insurance JV
February 9, 2018 ComfortDelGro Corporation is expanding its footprint in the United Kingdom through the acquisition of a bus and coach operator in South Wales for £13.4 million ($18.7 million). Additionally, it has bought over an insurance joint venture it launched in 2003. The acquisition of New Adventure Travel (NAT) Group in the UK was conducted through… Continue reading Singapore: ComfortDelGro expands UK footprint, buys over insurance JV
Elon Musk: Tesla wants to build 100,000 electric trucks a year
Tesla Semi (Photo: Tesla) Elon Musk has announced to investors that in four years 100,000 Tesla– Electric tractors could be sold per year. Tesla boss Elon Musk expects the production of up to 100,000 electric trucks per year, said Musk on one investor conference With. The Tesla Semi is scheduled to go into production in… Continue reading Elon Musk: Tesla wants to build 100,000 electric trucks a year
THE FULLY AUTONOMOUS CAR UPDATE: How self-driving cars are poised to move into the mainstream and upend the automotive industry
This is a preview of a research report from BI Intelligence, Business Insider’s premium research service. To learn more about BI Intelligence, click here. The self-driving car is no longer a futuristic fantasy. Consumers can already buy vehicles that, within a few years time, will get software updates enabling them to hit the road without… Continue reading THE FULLY AUTONOMOUS CAR UPDATE: How self-driving cars are poised to move into the mainstream and upend the automotive industry
Ford’s Facelifted Van Aimed at Baby Boomers Reliving Glory Days
Ford Motor Co. is looking to revive an aging workhorse with a facelift, technology injection and appeal to baby boomers looking to relive their “magic bus” days. The automaker pioneered the compact commercial van market in the U.S. when it brought the Transit Connect over from Europe about nine years ago. Ford still controls nearly… Continue reading Ford’s Facelifted Van Aimed at Baby Boomers Reliving Glory Days
Autonomous LA-to-NYC Tesla Trip Past Deadline, Still Coming
Tesla Inc. hasn’t thrown its plan to demonstrate an autonomous cross-country drive out the window — it’s just tapped the brakes. Chief Executive Officer Elon Musk said a self-driving Tesla will attempt the trip from Los Angeles to New York in the next three to six months after missing the deadline he set for late… Continue reading Autonomous LA-to-NYC Tesla Trip Past Deadline, Still Coming
Elon Musk Calls Out LIDAR Tech as “A Crutch” in Autonomous Vehicles
In Brief Waymo and Uber’s self-driving systems use LIDAR technology to navigate traffic. But Tesla CEO Elon Musk says cameras — not LIDAR — are the way to go. Vision of the Future Elon Musk recently reiterated his stance that Light Detection and Ranging (LIDAR) technology is not a critical component of autonomous driving systems.… Continue reading Elon Musk Calls Out LIDAR Tech as “A Crutch” in Autonomous Vehicles
Deloitte anticipates the disastrous impact of Brexit on cars
The so-called “hard Brexit” scenario will have disastrous consequences for the British car industry, according to a study by Deloitte. The radical version of Brexit will take the UK back ten years, at the height of the financial crisis. This is the conclusion drawn by the Deloitte study, published on February 8, 2018. In its… Continue reading Deloitte anticipates the disastrous impact of Brexit on cars