Sweden’s Polestar, the electric car maker controlled by Volvo and its parent, the Chinese automaker Geely, has raised $550 million in external funding, the company said on Thursday. The financing is Polestar‘s first external funding and comes amid a year of sustained sales and share price growth for electric vehicle (EV) makers such as Tesla Inc and Nio Inc.… Continue reading Geely’s EV unit Polestar raises $550m in external funding
Tag: Tesla
Ford reveals BlueCruise, its hands-free driving tech to rival Tesla Autopilot and GM’s Super Cruise (F, GM, TSLA)
Ford revealed details about its upcoming hands-free driving system to rival Tesla Autopilot on Wednesday. BlueCruise will enable hands-free driving on more than 100,000 miles of North American highways. It will be available for certain F-150 trucks and Mustang Mach-E crossovers later in 2021. See more stories on Insider’s business page. Ford has teased hands-free… Continue reading Ford reveals BlueCruise, its hands-free driving tech to rival Tesla Autopilot and GM’s Super Cruise (F, GM, TSLA)
Ford takes aim at Tesla, GM with its new hands-free driving system
Ford will debut its new hands-free driving feature on the 2021 F-150 pickup truck and certain 2021 Mustang Mach-E models through a software update later this year, technology that the automaker developed to rival similar systems from Tesla and GM. That hands-free capability — which uses cameras, radar sensors and software to provide a combination… Continue reading Ford takes aim at Tesla, GM with its new hands-free driving system
Toyota taps Apex.AI for its autonomous vehicle operating system
Automakers shifting to all-electric and tech-laden vehicles have discovered that software — and more aptly software that is free of bugs and can be updated wirelessly — has become a consistent speed bump on the road to attracting customers. It is an issue that plagued Volkswagen’s launch of its all-electric VW ID.3, the 2022 Volvo… Continue reading Toyota taps Apex.AI for its autonomous vehicle operating system
Revolt Token (RVLT) Backing Alternet Systems (ALYI) Gains Ground As Coinbase (COIN) Fuels Cryptocurrency Market
ALYI’s EV Ecosystem is launching with the introduction of the Revolt Motorcycle. See Video Demo: https://www.youtube.com/watch?v=ZvL3Ij3bnGo Today, RevoltTOKEN CEO Henryk Dabrowski reported that he expects to soon launch a new website for the direct sale of Revolt Tokens that includes improved purchasing functionality streamlining the process to register and conduct the know-your-customer prerequisites. Mr. Dabrowski… Continue reading Revolt Token (RVLT) Backing Alternet Systems (ALYI) Gains Ground As Coinbase (COIN) Fuels Cryptocurrency Market
China’s Xpeng in the race to automate EVs with lidar
Elon Musk famously said any company relying on lidar is “doomed.” Tesla instead believes automated driving functions are built on visual recognition and is even working to remove the radar. China’s Xpeng begs to differ. Founded in 2014, Xpeng is one of China’s most celebrated electric vehicle startups and went public when it was just… Continue reading China’s Xpeng in the race to automate EVs with lidar
Elon Musk reportedly tried to hire VW’s Herbert Diess as Tesla CEO
Tesla CEO Elon Musk reportedly attempted to hire Volkswagen CEO Herbert Diess to take his own role as chief executive officer at Tesla in 2015. Diess is one of the most respected automotive executives in the business. After more than 15 years at BMW where he was one of the top executives, he decided to… Continue reading Elon Musk reportedly tried to hire VW’s Herbert Diess as Tesla CEO
Ford to sell vehicles directly to customers in China under new EV organization
Ford Motor Co. announced Tuesday it will sell vehicles directly to customers in China under the umbrella of a new, dedicated battery-electric vehicle organization. The move, in the world’s largest auto market and electric vehicle leader, marks the latest step forward in the Blue Oval’s bid to ramp up production of EVs globally. Meanwhile, the company also… Continue reading Ford to sell vehicles directly to customers in China under new EV organization
Samsung SDI and Hyundai Motor Group to Work on Development of Next-Generation Cylindrical Batteries
Samsung SDI is set to develop next-generation cylindrical batteries that will be used for Hyundai Motor Group’s new HEVs (hybrid electric vehicle) and made an agreement with the group. The agreement is a result of meetings between Chairman Chung Eui-sun of Hyundai Motor Group and Vice Chairman Lee Jae-yong of Samsung Electronics and it will… Continue reading Samsung SDI and Hyundai Motor Group to Work on Development of Next-Generation Cylindrical Batteries
Nvidia, Volvo Cars accelerate auto industry’s data-processing power race
By Joseph White 3 Min Read DETROIT (Reuters) – Volvo Cars said Monday it will use a new generation of high-powered chips from Nvidia Corp to enable more autonomous driving functions in future vehicles, starting next year. Slideshow ( 2 images ) Volvo is among a crowd of new and established automakers putting digital processing… Continue reading Nvidia, Volvo Cars accelerate auto industry’s data-processing power race