May 16, 2018 Roadstar.ai, a Shenzhen-based AI-powered self-driving technology startup founded by former Google and Tesla engineers, announced that it has raised $128 million in Series A funding round, the biggest-ever investment made into a Chinese startup in the country’s autonomous driving industry. In a statement posted on its website, Roadstar.ai said the latest funding… Continue reading Chinese self-driving tech startup Roadstar.ai raises industry record funding of $128m
Tag: Autonomous
Hear from the executives of Innoviz and Oryx Vision about the eyes and ears of the new automobile in Tel Aviv
The success of the autonomous vehicle revolution relies on complicated systems of sophisticated sensors working in harmony to provide the magic of sight to machines. OmerKeilaf, chief executive, Innoviz In Tel Aviv, we’ll hear from experts in the field as they discuss the technological marvels that are the driving force behind the transformation of mobility… Continue reading Hear from the executives of Innoviz and Oryx Vision about the eyes and ears of the new automobile in Tel Aviv
(LEAD) Hyundai Motor says ISS opposition to overhaul plan ‘deeply regrettable’
(ATTN: UPDATES with quote and other details) By Kim Kwang-tae SEOUL, May 16 (Yonhap) — Hyundai Motor Group on Wednesday accused U.S. proxy adviser ISS of misleading the market by opposing its corporate governance overhaul program as it vowed to persuade investors to support the restructuring plan at two key shareholders’ meetings set for later… Continue reading (LEAD) Hyundai Motor says ISS opposition to overhaul plan ‘deeply regrettable’
BMW First Foreign Car Company To Win Chinese Self-driving License
BMW China Services Ltd. has received two self-driving road test licenses from Shanghai regulators, making it the first foreign automaker to gain such permits, according to the official website of Shanghai Municipal People’s Government. The licenses allow BMW to use a 5.6-km section of public road in Shanghai International Automobile City to test its intelligent… Continue reading BMW First Foreign Car Company To Win Chinese Self-driving License
Asia Digest: Baidu joins Vesper round; Hyundai CRADLE invests in Metawave
May 16, 2018 Asian investors have backed US-based startups with Baidu joining in advanced sensor developer Vesper’s Series B funding and car-maker Hyundai Motor’s corporate venture arm Hyundai CRADLE investing in Metawave Coporation. Baidu joins Vesper’s $23m Series B Boston-based advanced piezoelectric sensors developer Vesper has raised a $23 million Series B funding, led by… Continue reading Asia Digest: Baidu joins Vesper round; Hyundai CRADLE invests in Metawave
Faurecia wants to almost double in size by 2025
At the head of Faurecia just two years ago, Patrick Koller sees big for the automotive supplier. During a day investors, he unveiled Tuesday his medium-term ambitions: a turnover 30 billion euros in 2025, against 17 billion in 2017. A near-doubling, he hopes to achieve primarily through organic growth: he expects “only” 1.5 billion additional… Continue reading Faurecia wants to almost double in size by 2025
Groupe PSA: Evolution within the Executive Committee
RUEIL MALMAISON, France–(BUSINESS WIRE)–Regulatory News: The Executive Committee is evolving to further deploy the Push to Pass Strategic Plan, Opel / Vauxhall PACE! plan, and accelerate the development of the Group (Paris:UG). Yannick Bézard is appointed Executive Vice President of the Eurasia Region. Yannick Bézard joined Groupe PSA in 1985. After holding various positions in… Continue reading Groupe PSA: Evolution within the Executive Committee
Uber CEO Dara Khosrowshahi talks about flying taxis and why his kids won’t own cars
Uber CEO Dara Khosrowshahi, left, on “Office Hours,” the podcast hosted by Zillow CEO Spencer Rascoff. (Office Hours Photo) Riding in the back of an Uber is sometimes the best way to hear an opinion on just about anything, from music to politics to restaurants and more. Turns out the best way to get the… Continue reading Uber CEO Dara Khosrowshahi talks about flying taxis and why his kids won’t own cars
Elon Musk says Tesla will be ‘thoroughly reorganised’
Tesla’s chief executive Elon Musk has told staff the firm is undergoing a “thorough reorganisation” after two of its cars were involved in crashes last week. The tech billionaire’s email to employees also comes amid production problems and senior staff departures, with shares falling 2.1% to $297 on Monday. Mr Musk said the restructuring plans… Continue reading Elon Musk says Tesla will be ‘thoroughly reorganised’
Surfing the 77 Gigahertz Wave: Our Investment in Metawave
Radar was originally developed for military use in the mid-twentieth century. However, recent advancements in imaging radar technology have opened new applications for the automotive industry, where it’s critical for vehicles using for automated vehicles to “see” in difficult weather conditions — something for which radar is particularly well-suited. Along with cameras and LiDAR, imaging radar will… Continue reading Surfing the 77 Gigahertz Wave: Our Investment in Metawave