Volvo is making an investment in Palo Alto-based Apex.AI, a startup working on developing a robotic operating system qualified for use in production automobiles. Apex.AI, founded by automated systems engineers Jan Becker and Dejan Pangercic, raised $15.5 million in a Series A last November, and revealed that its focus is on developing an enterprise-focused version… Continue reading Volvo invests in autonomous vehicle operating system startup Apex.AI though its VC arm
Tag: Manufacturing
GM, LG Chem to invest $2.3 billion in EV battery joint venture
GM Chairman and CEO Mary Barra said Thursday morning that the automaker is forming a joint venture with LG Chem to mass produce battery cells for its electric vehicles, a portfolio that will include a new battery-electric truck coming in the fall of 2021. The two companies said they will invest up to a total… Continue reading GM, LG Chem to invest $2.3 billion in EV battery joint venture
NIO Inc. Provides November 2019 Delivery Update
Delivered 2,528 vehicles in November 2019, including 2,067 ES6s and 461 ES8s Cumulative deliveries of ES8 and ES6 reached 28,743 Safe Harbor Statement
Audi Hungaria starts serial production of mild-hybrid e-vehicles
The local unit of German carmaker Audi started serial production of its Audi Q3 and Q3 Sportback models with mild-hybrid system, the company told Hungarian news agency MTI on Thursday.The Q3 models are Audiʼs first hybrid cars.
Volvo Group Venture Capital Invests in Software for Autonomous Mobility
GÖTEBORG, Sweden, Dec. 5, 2019 /PRNewswire/ — Volvo Group Venture Capital AB has invested in Apex.AI, a leading software company in autonomous mobility. The investment will fund the development of a safety-certified software framework for autonomous systems. Apex.AI, a Palo Alto, California-based company founded in 2017, is building an automotive-grade version of ROS (Robot Operating… Continue reading Volvo Group Venture Capital Invests in Software for Autonomous Mobility
Billionaire Lawrence Stroll seeks big stake in Aston Martin: report
LONDON (Reuters) – Canadian billionaire Lawrence Stroll, owner of Formula One team Racing Point, is preparing a bid for a major stake in Aston Martin (AML.L), Autocar magazine reported, sending the luxury sports car maker’s battered shares up 17% on Thursday. FILE PHOTO: A James Bond 1965 Aston Martin DB5 coupe is displayed at Sotheby’s… Continue reading Billionaire Lawrence Stroll seeks big stake in Aston Martin: report
@Hyundai: Kia Motors officially opens new India production facility
Kia plans to strengthen its innovative brand image and digital leadership Introduction of fully digitized sales and service channel for customers Kia expanding its future mobility business through various partnerships Kia to expand the product portfolio in 2020 with premium MPV and sub-compact SUV, one of the best-selling segment in India Seltos achieve early success… Continue reading @Hyundai: Kia Motors officially opens new India production facility
General Motors and LG Chem Team Up to Advance Toward an All-Electric Future, Add Jobs in Ohio
DETROIT, Dec. 5, 2019 /PRNewswire/ — Will create more than 1,100 new jobs in a new, Ohio-based facility Joint venture to drive cost per kilowatt hours to industry-leading levels New battery plant to have an annual capacity of more than 30 gigawatt hours with flexibility for expansion Companies enter joint agreement to develop advanced tech,… Continue reading General Motors and LG Chem Team Up to Advance Toward an All-Electric Future, Add Jobs in Ohio
Lotus Evija: The £2.2m electric hypercar
The Lotus Evija will be the first all-British electric hypercar. The company says it will be the most powerful production car in existence with the capability of accelerating from 0-186mph (0-300km/h) in “significantly” less than nine seconds, and with a maximum speed of more than 200mph. BBC Click finds out more. See more at Click’s… Continue reading Lotus Evija: The £2.2m electric hypercar
@Daimler: MAYBACH Accessories – “Ultimate Luxury” in its finest form
Exclusive materials, first-class craftsmanship and highly developed design appeal to all the senses of a discerning clientele Stuttgart/Mayen: For decades the name MAYBACH has stood for extraordinary luxury in the automotive sector. Mercedes-Maybach Saloon models are particularly discernible by their top selection of equipment with exclusive materials, generous spaciousness and technical perfection. These high quality… Continue reading @Daimler: MAYBACH Accessories – “Ultimate Luxury” in its finest form