(Reuters) – Canadian automotive parts supplier Magna International Inc said on Wednesday it will invest $200 million in Lyft Inc and work with the U.S. ride-hailing firm to manufacture self-driving cars. FILE PHOTO – An illuminated sign appears in a Lyft ride-hailing car in Los Angeles, California, U.S. September 21, 2017. REUTERS/Chris Helgren The news… Continue reading Auto parts maker Magna invests $200 million in Lyft
Tag: Tesla
Electric car startup spun out of Faraday Future ‘EVelozcity’ claims to have raised $1 billion
We first revealed the existence of Evelozcity, an electric vehicle startup founded by former Faraday Future (FF) executives, a few months ago and it might already be a $1 billion company. The startup now claims to have raised ~$1 billion to bring its electric vehicles to market. Home Solar Power As we previously reported, Stefan Krause, former… Continue reading Electric car startup spun out of Faraday Future ‘EVelozcity’ claims to have raised $1 billion
SHAPING THE FUTURE OF MOBILITY IN THE SILICON VALLEY
Reinforcing our innovation ecosystem is one of our top 2018 priorities following the January launch of our new TechCenter in Silicon Valley. We’re excited to be at the heart of open collaboration that’s connecting the automotive industry to start-ups, universities and tech entrepreneurs to explore the car of the future. To highlight this, we opened… Continue reading SHAPING THE FUTURE OF MOBILITY IN THE SILICON VALLEY
China’s WM Motor Open to U.S. IPO, Shrugging Off Trade Tensions
China’s WM Motor Technology Co., set to take on Tesla Inc. with an electric SUV going on sale this year, is open to holding an initial public offering in the U.S. as its founder shrugs off a potential trade war between the world’s two biggest economies. The company has a team looking into proposals for… Continue reading China’s WM Motor Open to U.S. IPO, Shrugging Off Trade Tensions
Faraday Future teases fleet of FF91 electric car prototypes as it still aims for launch this year
Despite its many setbacks over the last few years, Faraday Future claims that it is now flush with money and still plans to launch the FF91, its first electric vehicle, by the end of the year. The startup now teases a new fleet of prototypes ahead of the launch. Home Solar Power We have all… Continue reading Faraday Future teases fleet of FF91 electric car prototypes as it still aims for launch this year
Geely, Autoliv & Zenuity for Level 3 Systems in China
The Chinese automaker Geely wants to purchase semi-autonomous systems for the Chinese market from Sweden. First, in this context, the company affiliation must be cleared up. Autoliv is a supplier from Sweden, especially for Volvo, Volvo belongs to Geely, which also recently Mercedes Benz and Volvo Trucks have entered. Volvo also has teamed with Autoliv… Continue reading Geely, Autoliv & Zenuity for Level 3 Systems in China
Tesla increases cost of using its Supercharger stations, still says it ‘will never be a profit center’
Tesla officially introduced its paid Supercharger network access plan over a year ago, but it’s only now starting to have a greater impact since virtually only Model 3 owners are on it and the vehicle is just now starting to hit the roads in greater numbers. And with that, the automaker is now increasing the… Continue reading Tesla increases cost of using its Supercharger stations, still says it ‘will never be a profit center’
Battery Makers 2017: Panasonic & BYD Hold Majority Of Market
1 min ago by Mark Kane MWh of EV li-ion batteries produced in 2017 (data source: EV Sales Blog) Various plug-in electric car models compete on the market, but the top three battery suppliers remains the same as last year. Panasonic Cell Worldwide, EV car sales increased by around 58% last year, but new models… Continue reading Battery Makers 2017: Panasonic & BYD Hold Majority Of Market
Alphabet’s Waymo Takes on Freight in Atlanta Driverless Semis
Look out, truckers. Waymo, the self-driving vehicle unit of Alphabet Inc., is taking its driverless truck tests to Atlanta, and this time they’ll be carrying cargo. Waymo will start testing a fleet of autonomous freight trucks in Georgia’s capital next week that will take deliveries to Google’s data centers. The company has already been conducting road… Continue reading Alphabet’s Waymo Takes on Freight in Atlanta Driverless Semis
There’s No Accounting for Tesla Bondholders’ Tolerance
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