Jidu, launched a year ago, is Baidu’s latest effort to leverage its artificial intelligence expertise for car-making. BEIJING: Baidu‘s electric vehicle (EV) arm Jidu Auto said on Wednesday that it had raised nearly $400 million from Baidu and Zhejiang Geely Holding Group in a fresh funding round. Jidu, an EV venture between China’s search engine… Continue reading Baidu’s electric vehicle arm Jidu raises $400 mln in new funding round
Tag: Tesla
Baidu’s EV arm Jidu raises $400m in new funding round
Baidu’s electric vehicle (EV) arm Jidu Auto said on Wednesday that it had raised nearly $400 million from Baidu and Zhejiang Geely Holding Group in a fresh funding round. Jidu, an EV venture between China’s search engine company Baidu and Chinese automaker Geely, said in a statement that it would deliver its mass-produced “robot” cars in 2023.… Continue reading Baidu’s EV arm Jidu raises $400m in new funding round
GM’s $7 billion investment intensifies EV battle with Ford, Tesla
Jan 25 (Reuters) – General Motors Co (GM.N) said Tuesday it will invest $7 billion in Michigan, much of that aimed at dramatically boosting production of full-size electric pickups, intensifying a battle with rival Ford Motor Co (F.N) for EV supremacy in North America. Both U.S. automakers, however, will have to contend with current leader… Continue reading GM’s $7 billion investment intensifies EV battle with Ford, Tesla
Panasonic to make Tesla batteries in Japan after U.S. snag
OSAKA — Panasonic will begin commercial production of batteries for U.S. electric vehicle maker Tesla after struggling to bring a large U.S. battery plant online. The company will mass produce its latest power cells in Japan, where it has a large pool of skilled engineers. Go to Source
Volkswagen and Bosch to collaborate on automated driving software
The logo of German carmaker Volkswagen is seen on a rim cap in a showroom of a Volkswagen car dealer in Brussels, Belgium July 9, 2020. REUTERS/Francois Lenoir Register now for FREE unlimited access to Reuters.com Register BERLIN, Jan 25(Reuters) – Volkswagen’s (VOWG_p.DE) software subsidiary Cariad and autos supplier Bosch have formed a partnership to… Continue reading Volkswagen and Bosch to collaborate on automated driving software
America’s Favorite Pickup Truck Goes Electric – The New Yorker
Farley said that he had been at a racetrack with Field the previous weekend. “Everyone was saying, ‘Oh, there’s Jim Farley. He runs Ford, he races Cobras.’ I was with perhaps the most important American engineer of the past hundred years, and they didn’t even know who he is.” Field, who declined to be interviewed,… Continue reading America’s Favorite Pickup Truck Goes Electric – The New Yorker
Moody’s upgrades Tesla’s rating to Ba1, says outlook positive
A Tesla logo on a Model S is photographed inside of a Tesla dealership in New York, U.S., April 29, 2016. REUTERS/Lucas Jackson/File Photo Jan 24 (Reuters) – Moody’s upgraded Tesla Inc’s (TSLA.O) debt rating by two notches to Ba1 from Ba3 on Monday, reflecting the ratings agency’s expectations that Tesla will maintain its position… Continue reading Moody’s upgrades Tesla’s rating to Ba1, says outlook positive
Chinese part supplier orders super die-casting machines from Tesla partner, could NIO and Xpeng adopt one-piece manufacturing?
Guangdong Hongtu Technology (GHT), a part supplier to Chinese EV automakers like NIO and XPeng, announced it will begin developing a 12,000-ton die-casting unit with the help of Tesla supplier LK Technology. Recent responses from representatives at NIO and XPeng hint that they might soon be using GHT’s large, one-piece die-casting machines to manufacture their… Continue reading Chinese part supplier orders super die-casting machines from Tesla partner, could NIO and Xpeng adopt one-piece manufacturing?
Tesla now operates the most productive car factory in the US
Tesla is now operating the most productive car factory in the US, according to a new report tracking all US auto factories. Just a few years ago, many players in the auto industry couldn’t imagine that Tesla could become a major manufacturer. After all, it was the first US car startup to not go bankrupt… Continue reading Tesla now operates the most productive car factory in the US
Tesla countersues JPMorgan, claims bank sought ‘windfall’ after Musk tweet
The company and law firm names shown above are generated automatically based on the text of the article. We are improving this feature as we continue to test and develop in beta. We welcome feedback, which you can provide using the feedback tab on the right of the page. NEW YORK, Jan 24 (Reuters) –… Continue reading Tesla countersues JPMorgan, claims bank sought ‘windfall’ after Musk tweet