Tag: Toyota

BMW CEO says sees Toyota alliance going beyond 2025

By Reuters Staff 1 Min Read Oliver Zipse, CEO of German luxury carmaker BMW prepares for a statement after BMW donated protection masks and gloves to the Federal Agency for Technical Relief (THW), as the spread of the coronavirus disease (COVID-19) continues in Munich, Germany, April 8, 2020. REUTERS/Andreas Gebert FRANKFURT (Reuters) – BMW Chief… Continue reading BMW CEO says sees Toyota alliance going beyond 2025

A Panasonic battery VP explains the biggest challenge her team faces as it prepares for a huge wave of electric cars

Panasonic executive Celina Mikolajczak said on Tuesday that increasing production capacity is the biggest challenge the company’s electric-vehicle battery division faces right now. That’s partly the result of a supply chain for raw materials that’s concentrated in a small number of companies, Mikolajczak said. The auto industry is planning a major increase in EV production… Continue reading A Panasonic battery VP explains the biggest challenge her team faces as it prepares for a huge wave of electric cars

Autonomous delivery startup Nuro hits $5 billion valuation on fresh funding of $500 million

Nuro, the autonomous delivery startup founded by two former Google engineers, has raised $500 million, suggesting that investors still have an appetite for long-term pursuits such as robotics and automated vehicle technology. Nuro now has a post-money valuation of $5 billion. The Series C round was led by funds and accounts advised by T. Rowe Price… Continue reading Autonomous delivery startup Nuro hits $5 billion valuation on fresh funding of $500 million

Chinese autonomous truck startup Inceptio raises $120m from CATL, others

China’s Inceptio Technology, a startup developing self-driving trucks, said on Monday it has raised $120 million in its latest funding led by top Chinese electric vehicle battery maker CATL. The funding comes six months after a $100 million funding in April. Logistics firm GLP, Inceptio’s key strategic investor G7 and Nio Capital also invested in… Continue reading Chinese autonomous truck startup Inceptio raises $120m from CATL, others

Toyota president: Tesla has ‘not created a real business in the real world yet’

The logo of Toyota Motor is displayed at a company’s car showroom in Tokyo on February 6, 2019. Kazuhiro Nogi | AFP | Getty Images During a Toyota Motors earnings call on Friday, executives answered questions about how they plan to compete in the expanding field of electric vehicles, and took a potshot at Tesla’s… Continue reading Toyota president: Tesla has ‘not created a real business in the real world yet’

China Tech Digest: NIO’s Marcap Bigger Than Baidu’s; Li Auto Issues Recalls

NIO becomes becomes one of world’s top 10 car makers by marcap China’s new energy vehicle sector saw their US listed shares rose collectively. Among them, NIO closed at US$42.35, up 12.30%, and its market value reached US$57.688 billion, a record high. This market value also exceeds that of traditional car giants such as BMW,… Continue reading China Tech Digest: NIO’s Marcap Bigger Than Baidu’s; Li Auto Issues Recalls

Chinese autonomous vehicle startup Pony.ai hits $5.3 billion valuation

Pony.ai, the Chinese autonomous vehicle startup and relative newcomer to the industry, is now valued at $5.3 billion following a fresh injection of $267 million in funding. The round was led by TIP, an innovation fund within the Ontario Teachers’ Pension Plan Board that focuses on late-stage venture and growth equity investments in companies that… Continue reading Chinese autonomous vehicle startup Pony.ai hits $5.3 billion valuation