Hyundai Ioniq Electric (Image: Hyundai) First sell yourself electric cars bad, now the manufacturers can not deliver: the electric Smart, the E-Golf or the Hyundai Ioniq Electric are virtually impossible to get. Manufacturers often misjudged demand. Manufacturers can not keep up with the growing demand for electric cars. Customers have to wait a long time… Continue reading High demand: Electric cars barely to get
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Bosch to enhance localisation of electrified portfolio in India
Soumitra Bhattacharya, MD, Bosch Limited and president, Bosch India Group: “Bosch strongly believes that its current and future portfolio of electromobility solutions will be one of the key contributing factors that lead to a dynamic ecosystem in the country.” At the Bosch Technology Exposition 2018, Bosch announced its plans to significantly increase the extent of localisation of its electrified… Continue reading Bosch to enhance localisation of electrified portfolio in India
Exclusive: Electric Vehicle Firm Byton To Raise New Round From Chinese State Investor At $1.2B Valuation
China officially has five electric vehicle companies valued at US$1 billion or more, as China Money Network has learned that Byton, an EV start-up rooted in China, is currently seeking a new financing round at a minimum valuation of US$1.2 billion. Byton, previously known as Future Mobility Corp, last raised around US$200 million at a… Continue reading Exclusive: Electric Vehicle Firm Byton To Raise New Round From Chinese State Investor At $1.2B Valuation
Tech guru Bill Joy’s Ionic Materials raises $65m from Nissan, Mitsubishi, others
February 8, 2018 Ionic Materials Inc., a battery-material developer backed by Silicon Valley luminary Bill Joy, raised $65 million to build a production line and commercialize its technology. Investors in the Series C funding round include Joy and Alliance Ventures, a venture capital company comprising automakers Renault SA, Nissan Motor Co. and Mitsubishi Motors Corp. Ionic declined to identify other participants.… Continue reading Tech guru Bill Joy’s Ionic Materials raises $65m from Nissan, Mitsubishi, others
Tesla reports record loss but says outlook is positive
Electric car maker Tesla has notched up its biggest ever quarterly loss and said it “learned many lessons” from its crucial Model 3 production plans. The firm’s future hangs on the Model 3 sedan, but it has so far struggled with production bottlenecks. Tesla reported a loss of $675.4m (£487m) in three months to 31… Continue reading Tesla reports record loss but says outlook is positive
Elon Musk’s self-driving strategy still doesn’t include LiDAR
Elon Musk’s vision of autonomous driving differs from a lot of Tesla’s competitors in that he’s been adamant that LiDAR isn’t a core component of his approach. It’s a stance that provokes a lot of debate among experts in the field, many of whom, including former Tesla employees, disagree that full autonomy can be managed… Continue reading Elon Musk’s self-driving strategy still doesn’t include LiDAR
Battery Startup Ionic Materials Gets $65M Jolt From Nissan & Others
February 7th, 2018 Big automakers are betting that solid-state battery technology from Massachusetts-based startup Ionic Materials could eventually challenge the standard lithium-ion batteries used in today’s electric vehicles. Woburn, MA-based Ionic announced Wednesday it secured $65 million in a Series C funding round. The investors include Alliance Ventures—a venture capital fund backed by carmakers Nissan,… Continue reading Battery Startup Ionic Materials Gets $65M Jolt From Nissan & Others
Tesla promises ‘series of new Autopilot features in 2018’, still plans coast-to-coast drive
After Tesla Autopilot had a difficult year with several delays for the release of features under the new hardware suite, Tesla is now promising those features in 2018 – along with the delayed fully self-driving demonstration. Home Solar Power Tesla wrote in its shareholders letter today: “The upcoming autonomous coast-to-coast drive will showcase a major… Continue reading Tesla promises ‘series of new Autopilot features in 2018’, still plans coast-to-coast drive
Elon Musk’s Tesla announces biggest quarterly loss ever
Tesla Elon Musk’s Tesla announces biggest quarterly loss ever Loss of $675.4m announced day after Musk’s car sent into space in test of SpaceX rocket After a big success for his SpaceX company, Musk’s Tesla reported a heavy loss. Photograph: Brendan Smialowski/AFP/Getty Images The tech billionaire Elon Musk sent one of his Tesla electric cars… Continue reading Elon Musk’s Tesla announces biggest quarterly loss ever
Yoshi Closes $13.7m in Series A Funding
Yoshi, a San Francisco, CA-based provider of a subscription service for on-site car maintenance and gas delivery, closed $13.7m in Series A funding. The round was led by General Motors Ventures and ExxonMobil with participation from Y Combinator, Kevin Durant & Rich Kleiman (The Durant Company), Arab Angel and others. The company intends to use… Continue reading Yoshi Closes $13.7m in Series A Funding