Motor Vehicles Market size to grow at a CAGR of 6.3% from 2022 to 2027, Driven by the growing urban population – Technavio

NEW YORK, May 3, 2023 /PRNewswire/ — The motor vehicles market size is forecast to increase by USD 28,721.3 thousand units from 2022 to 2027. The market is estimated to progress at a CAGR of 6.3%, according to the recent market study by Technavio. The growth of the market will be driven by the growing urban population,… Continue reading Motor Vehicles Market size to grow at a CAGR of 6.3% from 2022 to 2027, Driven by the growing urban population – Technavio

Clean Technica: Sweden April Plugin Share Up Within Shrinking Auto Market002730

Sweden’s plugin electric vehicle share reached 55.7% of the auto market in April, up from 48.2% year on year (YoY). Full electrics grew share strongly, whilst plugin hybrids lost share slightly. Overall auto market volume was 20,588 units, down some 6% YoY, and down 35% from pre-2020 seasonal norms. The bestselling full electric vehicle was… Continue reading Clean Technica: Sweden April Plugin Share Up Within Shrinking Auto Market002730

Foretellix Raises $43 Million in Series C First Closing

New strategic investors include Woven Capital and NVIDIA TEL-AVIV, Israel and SUNNYVALE, Calif., May 2, 2023 /PRNewswire/ — Foretellix, the leading provider of safety-driven verification and validation solutions for Automated Driving Systems and Advanced Driver Assistance Systems (ADAS), announced today it had raised $43 million in the first closing of its Series C funding round… Continue reading Foretellix Raises $43 Million in Series C First Closing

Woven Capital, Nvidia back Foretellix’s autonomous vehicle validation tech

Startups working on driverless cars fully may no longer attract the kind of nine-figure acquisition or funding offers that were prevalent just a few years ago. But there are still pockets within the broader automated vehicle technology sector that have captured the interest and investment of strategic investors. “We’re looking for solutions that can integrate… Continue reading Woven Capital, Nvidia back Foretellix’s autonomous vehicle validation tech

Chinese electric vehicle brands expand to global markets

YOKOHAMA, Japan (AP) — Osamu Furukawa has driven lots of Japanese cars for his business converting classic gasoline-powered models to electric. But his favorite ride is an import: A battery-powered SUV from China’s BYD Auto. BYD Auto is part of a wave of Chinese electric car exporters that are starting to compete with Western and… Continue reading Chinese electric vehicle brands expand to global markets

Foretellix Raises $43 Million in Series C First Closing

New strategic investors include Woven Capital and NVIDIA TEL-AVIV, Israel and SUNNYVALE, Calif., May 2, 2023 /PRNewswire/ — Foretellix, the leading provider of safety-driven verification and validation solutions for Automated Driving Systems and Advanced Driver Assistance Systems (ADAS), announced today it had raised $43 million in the first closing of its Series C funding round… Continue reading Foretellix Raises $43 Million in Series C First Closing

Get Autonomous Driving Started in 10 Days

Made easy with PIXKIT: hands-on From Zero to One, and One to Plenty in AV R&D Autonomous driving is a complex endeavour, with difficult technical and regulatory challenges that require multidisciplinary teams to tackle. Robotics and AI represent the core of its development essentials; having systems interact in an intelligent way with their environment is… Continue reading Get Autonomous Driving Started in 10 Days

FreeWire Introduces Incentive Evaluation Service to Help Site Hosts Capitalize on Available Funding Opportunities for EV Charging

FreeWire’s latest service offers batch site qualification analysis for the National Electric Vehicle Infrastructure (NEVI) eligibility, the Energy Storage Investment Tax Credit, the EV Charging Investment Tax Credit, and State and Utility rebates and incentives, among others. NEWARK, Calif., May 1, 2023 /PRNewswire/ — FreeWire Technologies, the leading provider of battery-integrated electric vehicle (EV) charging… Continue reading FreeWire Introduces Incentive Evaluation Service to Help Site Hosts Capitalize on Available Funding Opportunities for EV Charging

Volvo Group partners with Narayana Health to launch ‘Wellness on Wheels’ in Bengaluru

The vehicle is provided with canopies and chairs for patients in-waiting, the company said in a media relese. New Delhi: As part of its societal initiatives, Volvo Group has built an advanced mobile community clinic, ‘Wellness on Wheels’ in partnership with Narayana Health, to provide free community screening and medical services in rural parts of… Continue reading Volvo Group partners with Narayana Health to launch ‘Wellness on Wheels’ in Bengaluru

VECV reports 18.9% YoY jump in dispatches during April 2023

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, reported sales of 6,567 units in April 2023 as compared to 5,525 units in April 2023, recording a YoY growth of 18.9%. This includes 6,399 units of the Eicher brand and 168 units of the Volvo brand, the company said in a statement.  According… Continue reading VECV reports 18.9% YoY jump in dispatches during April 2023