By Miles, the UK’s first real-time pay-by-mile car insurance provider and InMotion Ventures portfolio company, has successfully raised £15m in a Series B funding round led by CommerzVentures. The insurtech company is on a mission to make car insurance fairer for the UK’s 19 million lower mileage drivers – those who drive less than 7,000… Continue reading @Tata-JLR: By Miles, the pay-by-mile car insurance provider, raises £15 million in Series B funding
Tag: Tesla
Tesla Gigafactory Shanghai expansion is back in full swing
Construction work at Tesla Gigafactory Shanghai appears to be back in full swing as new buildings come up super quickly to produce Model Y in less than a year. As we reported earlier this week, Tao Lin, vice president of Tesla China, is saying that Tesla will ramp up Model 3 production by more than… Continue reading Tesla Gigafactory Shanghai expansion is back in full swing
GM’s ‘Ultra Cruise’ to take on Tesla with hands-free city driving
General Motors is close to taking its self-driving tech onto neighborhood streets.Super Cruise uses facial recognition technology to ensure a driver is looking ahead with their eyes open, and a combination of cameras, GPS and hyper-accurate 3D maps to steer the vehicle in a lane on certain highways.
Tesla installs more production robots at Fremont factory
Tesla is installing more production robots at its Fremont factory in order to increase capacity, according to new construction permits. Due to the shelter-in-place order in the Bay Area, Tesla had to shut down its Fremont factory for about a month and a half before restarting production last week. The factory had been in operation… Continue reading Tesla installs more production robots at Fremont factory
GM working on semi-autonomous Ultra Cruise to operate on all roads
General Motors Co. is working on a comprehensive Tesla-fighting Ultra Cruise semi-autonomous system for its passenger cars. And its fully autonomous Cruise Origin vehicle may moonlight delivering packages in addition to delivering people to their destinations. The revelations came from global product development chief Doug Parks, as he promised that GM’s vision for self-driving transportation is on track during the COVID crisis. GM’s Super… Continue reading GM working on semi-autonomous Ultra Cruise to operate on all roads
UK’s first car battery ‘gigafactory’ to be built by two startups
Automotive industry AMTE Power and Britishvolt to invest up to £4bn in plant similar to Tesla facility in US The Tesla-Panasonic Gigafactory in Nevada, whose annual battery production has a total capacity of up to 30GWh. The new facility will produce roughly the same. Photograph: Bob Strong/Reuters Two British startups have announced plans to invest… Continue reading UK’s first car battery ‘gigafactory’ to be built by two startups
US survey: autonomous driving is not yet there
The organization PAVE carried out a survey on autonomous driving in the USA. PAVE is an abbreviation for Partners for Automated Vehicle Education and consists of representatives from industry, research and non-profit organizations. The organization’s survey was aimed at around 1,200 people in the United States and had that Autonomous driving on the subject. Autonomous… Continue reading US survey: autonomous driving is not yet there
Tesla is set to produce 4,000 electric cars per week in Shanghai next month, Model Y in Q1 2021
Tesla is apparently going to exceed its planned Model 3 production capacity in the first phase of Gigafactory Shanghai, and Model Y production is going to start sooner than some think. When Tesla first announced its plans for a new factory in Shanghai, the automaker was aiming for the first phase to produce 150,000 Model… Continue reading Tesla is set to produce 4,000 electric cars per week in Shanghai next month, Model Y in Q1 2021
Tesla To increase ‘Full Self Driving’ Price: Musk Says It Will Be Worth $100k
Tesla CEO Elon Musk has announced on Twitter that the company plans to increase the price of its ‘Full Self Driving‘ option, yet again. That’s consistent with what Musk had said in the past, that the company would raise the price significantly as they get closer to actually making Full Self Driving features available. But… Continue reading Tesla To increase ‘Full Self Driving’ Price: Musk Says It Will Be Worth $100k
GM says it is ‘almost there’ on million-mile electric vehicle battery
(Reuters) – General Motors Co is “almost there” on developing an electric vehicle battery that will last one million miles, a top executive said on Tuesday. FILE PHOTO: A logo of General Motors is pictured at its plant in Silao, in Guanajuato state, Mexico, November 9, 2017. REUTERS/Edgard Garrido The automaker also is working on… Continue reading GM says it is ‘almost there’ on million-mile electric vehicle battery