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
Tag: Mobility
@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
Uber reportedly lays off 185 former Postmates workers
Uber has laid off about 185 Postmates workers, and plans to further integrate Postmates’ infrastructure within its Uber Eats segment, The New York Times reported. Uber acquired Postmates in July for $2.65 billion, following a failed attempt to buy rival food delivery service Grubhub. Meal delivery has been one bright spot for Uber amid the… Continue reading Uber reportedly lays off 185 former Postmates workers
Chinese EV startup Aiways said to seek funding ahead of IPO: Report
Aichi Automobile, a Chinese electric vehicle (EV) startup better known as Aiways, is in the market raising a new funding round that could give it a valuation of over $2 billion before its potential initial public offering (IPO) in the US. Chinese ride-hailing giant Didi Chuxing is one of the investors mulling participating in the… Continue reading Chinese EV startup Aiways said to seek funding ahead of IPO: Report
End-to-end operators are the next generation of consumer business
Roger Lee Contributor Roger Lee is a general partner at Battery Ventures, based in Menlo Park, CA, who focuses on investments in software and consumer tech, including online marketplaces. More posts by this contributor Keys to ascending the consumer-internet throne How to communicate with your board in tough times Justin Da Rosa Contributor Justin Da… Continue reading End-to-end operators are the next generation of consumer business
EVgo to go public via SPAC in bid to power EV charging expansion
EVgo, the wholly owned subsidiary of LS Power that owns and operates public fast chargers for electric vehicles, has reached a deal to become a publicly traded company through a merger with special-purpose acquisition company Climate Change Crisis Real Impact I Acquisition Corporation. The combined company, which will be listed under the new ticker symbol… Continue reading EVgo to go public via SPAC in bid to power EV charging expansion
@VW Group: Audi more than fulfilled the CO2 fleet targets for Europe in 2020
Audi has more than fulfilled its CO2 fleet target for Europe in 2020 on the basis of preliminary figures. With a calculated average of 101.5 g/km, the company lay well below the legally required value of 105.6 g/km. This result corresponds to an improvement of around 20 percent compared to the average of the previous… Continue reading @VW Group: Audi more than fulfilled the CO2 fleet targets for Europe in 2020
EV charging network EVgo to go public via $2.6 bln SPAC deal
The deal is the latest SPAC merger in the U.S. electric-vehicle business, which has seen many high-profile firms such as Nikola Corp and Fisker Inc go public through this route. EVgo Services LLC said on Friday it has agreed to go public through a merger with blank-check firm Climate Change Crisis Real Impact I Acquisition… Continue reading EV charging network EVgo to go public via $2.6 bln SPAC deal