The battle is heating up between Tesla and its Chinese challenger Xpeng as the latter makes clearer its stance on the future of autonomous driving. Over the weekend, Xpeng, which counts Xiaomi and Alibaba among its investors, announced that it will be using lidar sensors from Livox, a startup with closes ties to the Chinese… Continue reading Tesla’s China rival Xpeng to use lidar sensors from DJI affiliate Livox
Tag: Autonomous
Aeva, Inc. and InterPrivate Acquisition Corp. Announce $200 Million Investment from Sylebra Capital in Support of Business Combination
Under the terms of the agreement, Sylebra, a current holder of InterPrivate common stock, has committed to purchase an additional $200 million of InterPrivate common stock in connection with the expected closing of the business combination. Sylebra has also entered into a one-year lock-up agreement on the majority of its investment, and will vote all… Continue reading Aeva, Inc. and InterPrivate Acquisition Corp. Announce $200 Million Investment from Sylebra Capital in Support of Business Combination
World NM: Hyundai chief sets 2021 as ‘turning point’ for expansion000690
Hyundai Motor Group, South Korea’s top automaker, will accelerate its drive to morph into a future mobility solutions provider this year to better compete with rivals, the group’s chief said Monday. To strengthen its presence in the eco-friendly vehicle market, the group’s main affiliate Hyundai Motor Co. plans to launch the IONIQ 5, the first… Continue reading World NM: Hyundai chief sets 2021 as ‘turning point’ for expansion000690
Rolling out driverless cars is ‘extraordinary grind’, says Waymo boss
Google sister company raised $3.2bn last year but John Krafcik says challenge remains huge Go to Source
@Nio: 000176
On January 3, NIO provided its December and 2020 full-year delivery results. NIO delivered 7,007 vehicles in December, increasing by 32.4% month-over-month, setting a new record for five consecutive months, and by 121% year-over-year, registering its ninth straight month of twofold growth since April. For the full year, NIO delivered 43,728 vehicles in 2020, representing… Continue reading @Nio: 000176
@Nio: NIO Inc. Provides December, Fourth Quarter and Full Year 2020 Delivery Update000174
January 3, 2021 at 3:00 AM EST Company Achieved New Records for Monthly and Quarterly Deliveries; Annual Delivery Reached 43,728 Vehicles in 2020 NIO delivered 7,007 vehicles in December 2020, increasing by 121.0% year-over-year NIO delivered 17,353 vehicles in the three months ended December 2020, increasing by 111.0% year-over-year NIO delivered 43,728 vehicles in 2020… Continue reading @Nio: NIO Inc. Provides December, Fourth Quarter and Full Year 2020 Delivery Update000174
Mahindra likely to sign term sheet with new SsangYong investor next week
India’s Mahindra & Mahindra, which holds a majority 74.65 percent stake in Korean carmaker SsangYong Motor Company (SYMC) has divulged that it is in talks with a new investor to give up its charge of South Korea’s fourth-largest carmaker, albeit one which has been struggling to cope up with the recent dynamics in the global… Continue reading Mahindra likely to sign term sheet with new SsangYong investor next week
@Ford: Ford, Mahindra End Discussions for Auto Joint Venture
DEARBORN, Mich., Dec. 31, 2020 – Ford Motor Company and Mahindra & Mahindra have mutually and amicably determined they will not complete a previously announced automotive joint venture between their respective companies. The decision follows the passing of the Dec. 31 “longstop,” or expiration, date of a definitive agreement the organizations entered into in October… Continue reading @Ford: Ford, Mahindra End Discussions for Auto Joint Venture
Europcar Taps AI Start-up for Mobility Solutions
Europcar Mobility Group is testing Tchek to strengthen its relationship with customers, its commitments, and its maintenance and repair processes. Photo via Depositphotos. French start-up, Tchek, has signed a partnership with Europcar Mobility group, which is currently testing Tchek’s artificial intelligence solution on its sites. With these first pilot projects, Europcar Mobility Group is strengthening… Continue reading Europcar Taps AI Start-up for Mobility Solutions
@VW Group: Volkswagen Group Components previews mobile charging robot
Dec 28, 2020 First glimpse of the prototype mobile charging robot CEO Schmall: “Available charging infrastructure is key in the success of electric mobility” Charging and charging systems combined as core issues at Group Components Wolfsburg — Today, Volkswagen Group Components gives the first glimpse of the prototypes of its mobile charging robot. This is… Continue reading @VW Group: Volkswagen Group Components previews mobile charging robot