Pony.ai, a Chinese autonomous vehicle company valued at $8.5 billion as of late, has sued two former employees over alleged trade secret infringement. The lawsuit is arriving months after Frank (Zhenhao) Pan and Youhan Sun, two former technical leaders at Pony’s autonomous trucking business in the U.S., resigned to start a competitor called Qingtian Truck.… Continue reading Toyota-backed robotaxi unicorn Pony.ai sues ex-employees over trade secrets
Tag: Toyota
Xona Space Systems Raises Funding
Xona Engineer Nick Manglaviti setting up hardware-in-the-loop testing at Xona’s R&D lab in San Mateo, California. (Photo: Xona Space Systems) Xona Space Systems, a San Mateo, CA-based pioneer in navigation technologies from Low Earth Orbit (LEO), raised a financing round that brings their total funding to over $25M. The round was led by First Spark Ventures… Continue reading Xona Space Systems Raises Funding
Toyota’s bZ4X recall isn’t going great – company offers car buyback
Toyota has sent a letter to bZ4X owners, offering a choice between a loaner and incentive package or full repurchase of vehicles, as the company continues to struggle with (literally) keeping the wheels on their first electric car effort. Notably, the car’s electric drive systems are not affected by the recall – the battery and… Continue reading Toyota’s bZ4X recall isn’t going great – company offers car buyback
Legacy auto BEV growth rate doubles Tesla which drops to 60.9% of total EV market
Despite dwindling inventories of BEVs due to supply chain constraints and legacy automakers still playing catchup in BEV production, the demand for electric vehicles continues to rise… and Tesla isn’t the only pony in the race anymore. That being said, Tesla remains the “Nap” in EV sales, but the rest of the market is starting… Continue reading Legacy auto BEV growth rate doubles Tesla which drops to 60.9% of total EV market
Ford’s July sales up on better inventory flow
Ford Motor Co.’s July sales grew 36.6% year-over-year even as industrywide sales fell, which the Dearborn automaker chalked up to improvements in inventory flow. Ford sold 163,942 new vehicles in the U.S. last month, one year from a period when the automaker was being hit particularly hard by a global shortage of semiconductor chips. Light-vehicle sales in the… Continue reading Ford’s July sales up on better inventory flow
Lucid Motors will barely make any EVs this year as it slashes production goals again
-Luxury electric vehicle maker Lucid Motors is slashing its production forecast for 2022 for the second time this year. The Newark, California-based company announced it was revising its production expectations to between 6,000 and 7,000 vehicles. Lucid originally said it would make 20,000 vehicles in 2022, but that number was revised in February to 12,000–14,000… Continue reading Lucid Motors will barely make any EVs this year as it slashes production goals again
Toyota responde a las necesidades básicas tras la inundación sin precedentes en Kentucky
Proporciona $750,000 para apoyar la recuperación inmediata y a largo plazo; Opciones de alivio de pagos ofrecidas a los clientes afectados de Toyota y Lexus PLANO, Texas, 3 de agosto de 2022 /PRNewswire-HISPANIC PR WIRE/ — Toyota anunció hoy $750,000 en donaciones para ayudar con las necesidades inmediatas y los esfuerzos de recuperación a largo… Continue reading Toyota responde a las necesidades básicas tras la inundación sin precedentes en Kentucky
Xona Secures Investment from First Spark Ventures and Lockheed Martin to Accelerate LEO GPS Alternative
SAN MATEO, Calif., Aug. 3, 2022 /PRNewswire/ — Xona Space Systems, a pioneer in navigation technologies from Low Earth Orbit (LEO), is excited to announce that they have raised an oversubscribed financing round to accelerate the development of their high-performance commercial satellite navigation network, bringing their total funding to over $25M. Continue Reading Xona raised… Continue reading Xona Secures Investment from First Spark Ventures and Lockheed Martin to Accelerate LEO GPS Alternative
@Toyota: Toyota Responds to Critical Needs Following Unprecedented Kentucky Flooding
Provides $750,000 to support immediate and long-term recovery; Payment relief options extended to affected Toyota and Lexus customers PLANO, Texas (Aug. 3, 2022) – Toyota announced today $750,000 in donations to assist with immediate needs and long-term recovery efforts following catastrophic flooding in Eastern Kentucky. Toyota employees are also rallying to support immediate needs through donation… Continue reading @Toyota: Toyota Responds to Critical Needs Following Unprecedented Kentucky Flooding
Rising demand for automation in material handling, enhanced levels of workplace safety, improved productivity and accuracy and reduced utility cost will be the drivers of growth for Automated Guided Vehicles Market in North America: Ken Research
Rising demand for automation in material handling, especially in the aftermath of the COVID-19 outbreak when industries suffered from labor shortage, is expected to help the Automated Guided Vehicles market in North America grow faster. Apart from enabling automation, the use of Automated Guided Vehicles in assembly lines, factory floors, warehouses and logistics hubs has… Continue reading Rising demand for automation in material handling, enhanced levels of workplace safety, improved productivity and accuracy and reduced utility cost will be the drivers of growth for Automated Guided Vehicles Market in North America: Ken Research