Tag: Mobility

Faraday Future to push forward with EV project in China will enlist Geely’s help: Sources

The company told prospective investors this month it plans to locate the plant in a “tier one Chinese city” and envisions that it will have the capacity to make over 100,000 vehicles a year in its initial phase, one of the sources said. By Yilei Sun and Brenda Goh SHANGHAI: Embattled startup Faraday Future will… Continue reading Faraday Future to push forward with EV project in China will enlist Geely’s help: Sources

@Groupe PSA: PR Stellantis Convenes EGM to Approve Distribution of Faurecia Shares and Cash001076

Amsterdam – Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) (“Stellantis”) announced today that it has published the notice convening the Extraordinary General Meeting of Shareholders (“EGM”) in order to approve the distribution by Stellantis to the holders of its common shares of up to 54,297,006 ordinary shares of Faurecia S.A. (“Faurecia”) and up… Continue reading @Groupe PSA: PR Stellantis Convenes EGM to Approve Distribution of Faurecia Shares and Cash001076

Uber lays off 15% of Postmates’ workforce just 3 months after buying the food delivery app. Postmates founder Bastian Lehmann is reportedly among those let go.

Uber laid off around 185 Postmates staff on Thursday, sources told The New York Times. This included Bastian Lehmann, the founder and CEO of the food delivery app, the sources said. Uber bought the app in 2020, and the layoffs feed into Uber’s plan to better integrate Postmates and Uber Eats, the sources said. Visit Business… Continue reading Uber lays off 15% of Postmates’ workforce just 3 months after buying the food delivery app. Postmates founder Bastian Lehmann is reportedly among those let go.

Honeywell To Bring Next-Generation Inertial Sensors To Unmanned Vehicles Segment

PHOENIX, Jan. 25, 2021 /PRNewswire/ — Honeywell (NYSE: HON), with funding from the U.S. Defense Advanced Research Projects Agency (DARPA), is creating the next generation of inertial sensor technology that will one day be used in both commercial and defense navigation applications. Recently, findings gathered in Honeywell labs have shown the new sensors to be… Continue reading Honeywell To Bring Next-Generation Inertial Sensors To Unmanned Vehicles Segment

Hyundai launches AI-driven humanoid robot for automated customer services

Hyundai Motor Group has launched the ‘DAL-e’, a highly advanced customer service robot that independently communicates with people using precise recognition capabilities and mobility functions. The DAL-e is an acronym for ‘Drive you, Assist you, Link with you-experience’. Designed to pioneer the future of automated customer services, the DAL-e is equipped with state-of-the-art artificial intelligence… Continue reading Hyundai launches AI-driven humanoid robot for automated customer services

Autonomous driving startup Uisee attracts Chinese state investor in $150M round

There is no lack of state funding for China’s smart driving startups nowadays as the country advances its goal to become a global leader in artificial intelligence in a decade’s time. The latest to get a financial boost is Uisee, a Beijing-based company founded by a group of tech veterans including the former head of… Continue reading Autonomous driving startup Uisee attracts Chinese state investor in $150M round

@FCA: Stellantis convenes EGM to approve distribution of Faurecia shares and cash

Stellantis convenes EGMto approve distribution of Faurecia shares and cashAmsterdam, January 25, 2021 – Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) (“Stellantis”) announced today that it has published the notice convening the Extraordinary General Meeting of Shareholders (“EGM”) in order to approve the distribution by Stellantis to the holders of its common shares… Continue reading @FCA: Stellantis convenes EGM to approve distribution of Faurecia shares and cash

Hyundai Motor Group Leaning Towards Using Valeo’s LiDAR Sensors for Its First Level 3 Autonomous Vehicle “Genesis G90”

It is reported that Hyundai Motor Group plans to use LiDAR sensors from Valeo, a French automotive supplier, rather than from Velodyne for its first “level 3” autonomous vehicle “Genesis G90” that will be released in 2022.This decision is likely based on the fact that Velodyne has yet to reach a level to mass-produce LiDAR… Continue reading Hyundai Motor Group Leaning Towards Using Valeo’s LiDAR Sensors for Its First Level 3 Autonomous Vehicle “Genesis G90”

Taiwan asks TSMC and other chipmakers to help ease global crunch

TAIPEI — Taiwan’s Economic Ministry is asking domestic chip manufacturers such as Taiwan Semiconductor Manufacturing Co. to help “like-minded” economies alleviate the global shortage of automotive-related chips. The ministry said it has received requests since the end of last year from several nations via diplomatic channels. The countries are asking Taiwan to help look into… Continue reading Taiwan asks TSMC and other chipmakers to help ease global crunch