China officially has five electric vehicle companies valued at US$1 billion or more, as China Money Network has learned that Byton, an EV start-up rooted in China, is currently seeking a new financing round at a minimum valuation of US$1.2 billion. Byton, previously known as Future Mobility Corp, last raised around US$200 million at a… Continue reading Exclusive: Electric Vehicle Firm Byton To Raise New Round From Chinese State Investor At $1.2B Valuation
Tag: Autonomous
Volvo Cars reports record operating profit of SEK14.1 billion in 2017
Volvo Cars reports record operating profit of SEK14.1 billion in 2017 Volvo Cars, the premium car maker, has reported a strong 27.7 per cent increase in operating profit in 2017, earning a record SEK14.1 billion compared to SEK11.0 billion in 2016, driven by global sales of 571,577 cars. Net revenue for the period… Continue reading Volvo Cars reports record operating profit of SEK14.1 billion in 2017
First European Customers Receive Their Ford GT Supercars
About Ford Motor Company Ford Motor Company is a global company based in Dearborn, Michigan. The company designs, manufactures, markets and services a full line of Ford cars, trucks, SUVs, electrified vehicles and Lincoln luxury vehicles, provides financial services through Ford Motor Credit Company and is pursuing leadership positions in electrification, autonomous vehicles and mobility… Continue reading First European Customers Receive Their Ford GT Supercars
Lyft considered buying the startup at the center of Alphabet’s suit against Uber
The timeline of events leading up to Uber’s acquisition of self-driving trucking startup Otto has always been a bit muddled. But Alphabet’s lawsuit against Uber, which centers on that acquisition, has yielded more information about that deal. Today, on the third day of trial in the U.S. district court for the Northern District of California,… Continue reading Lyft considered buying the startup at the center of Alphabet’s suit against Uber
Elon Musk’s self-driving strategy still doesn’t include LiDAR
Elon Musk’s vision of autonomous driving differs from a lot of Tesla’s competitors in that he’s been adamant that LiDAR isn’t a core component of his approach. It’s a stance that provokes a lot of debate among experts in the field, many of whom, including former Tesla employees, disagree that full autonomy can be managed… Continue reading Elon Musk’s self-driving strategy still doesn’t include LiDAR
Tesla promises ‘series of new Autopilot features in 2018’, still plans coast-to-coast drive
After Tesla Autopilot had a difficult year with several delays for the release of features under the new hardware suite, Tesla is now promising those features in 2018 – along with the delayed fully self-driving demonstration. Home Solar Power Tesla wrote in its shareholders letter today: “The upcoming autonomous coast-to-coast drive will showcase a major… Continue reading Tesla promises ‘series of new Autopilot features in 2018’, still plans coast-to-coast drive
Renault-Nissan-Mitsubishi and DiDi Chuxing sign MOU to explore car-sharing partnership in China
World’s leading automotive alliance to explore future business opportunities with global transportation company Renault-Nissan-Mitsubishi, the world’s leading automotive alliance, today announced it has signed a memorandum of understanding with DiDi Chuxing (‘DiDi’), the leading Chinese mobile transportation platform, to explore future business cooperation on a new electric vehicle car-sharing program in the People’s Republic of… Continue reading Renault-Nissan-Mitsubishi and DiDi Chuxing sign MOU to explore car-sharing partnership in China
Announcing our partnership with Dubai’s Roads and Transport Authority
We have a vision for enabling an autonomous world for everyone, everywhere – and we’re excited to help Dubai deliver their vision for a driverless future. The Roads and Transport Authority of Dubai plays a vitally important role in developing the future of infrastructure in the city. Their remit includes preparing legislation, strategic planning, and… Continue reading Announcing our partnership with Dubai’s Roads and Transport Authority
Groupe PSA: 600,000 Free2Movers Within a Year of Launch!
RUEIL-MALMAISON, France–(BUSINESS WIRE)–Regulatory News: Groupe PSA (Paris:UG): A year after its launch on 2 February 2017, the Free2Move app today boasts 600,000 users worldwide and over 30 key partners. The app allows users to identify a range of nearby mobility services, helping them find a shared car, scooter or bike. After comparing features, price and… Continue reading Groupe PSA: 600,000 Free2Movers Within a Year of Launch!
Marchionne: Even with autonomous vehicles, brand identity will be key
A 2018 Alfa Romeo Giulia is shown during a media preview at the 2018 North American International Auto Show in Detroit in January 2018. (Photo: Erik S. Lesser, EPA-EFE/REX/Shutterstock) The term generic might imply a reasonable, cost-effective choice at the grocery store, but Fiat Chrysler Automobiles CEO Sergio Marchionne says it’s no way to think about cars.… Continue reading Marchionne: Even with autonomous vehicles, brand identity will be key