By Yilei Sun, Brenda Goh 2 Min Read FILE PHOTO: A sign of Alibaba-backed autonomous driving startup AutoX is seen on a modified Chrysler Pacifica minivan in Shenzhen, Guangdong province, China October 31, 2020. REUTERS/Yilei Sun BEIJING/SHANGHAI (Reuters) – Chinese autonomous vehicle startup AutoX, backed by Alibaba Group Holding Ltd, said on Thursday it has… Continue reading Alibaba-backed autonomous car firm AutoX starts driverless testing
Tag: Mobility
@VW Group: Audi increases budget for electromobility up to 2025
With its investment planning for the next five years, AUDI AG is pushing ahead its transformation to a provider of networked and sustainable premium mobility: with a total amount of approximately € 35 billion, investments remain at a high level, especially for future vehicle projects, in spite of a difficult business environment. Some € 17… Continue reading @VW Group: Audi increases budget for electromobility up to 2025
Uber in advanced talks to sell air taxi unit: Axios
By Reuters Staff 1 Min Read FILE PHOTO: An Uber logo is shown on a rideshare vehicle during a statewide day of action to demand that ride-hailing companies Uber and Lyft follow California law and grant drivers “basic employee rights”, in Los Angeles, California, U.S., August 20, 2020. REUTERS/Mike Blake (Reuters) – Uber Technologies is… Continue reading Uber in advanced talks to sell air taxi unit: Axios
@BMW: Focus on production: BMW Motorsport to call time on its Formula E involvement after Season 7.000791
Munich. After seven successful years, BMW Group will end its involvement in the ABB FIA Formula E World Championship at the end of the coming season. As a partner from the word go, BMW has consistently supported the Formula E project and been instrumental in the series’ success story. BMW has enjoyed victories and podiums… Continue reading @BMW: Focus on production: BMW Motorsport to call time on its Formula E involvement after Season 7.000791
Alpha Motor Corporation Previews New Electric Vehicle Icon™ Mobility Innovation For Sustainability
IRVINE, Calif., Dec. 2, 2020 /PRNewswire/ — Alpha Motor Corporation is pursuing a leadership role in the multi-billion-dollar EV market with a unique mobility innovation. Alpha today provided a much-anticipated preview of ICON™, the company’s first electric vehicle. The launch demonstrates the company’s commitment to revolutionize the automotive industry toward a sustainable future. Alpha Motor Corporation… Continue reading Alpha Motor Corporation Previews New Electric Vehicle Icon™ Mobility Innovation For Sustainability
@Ford: Ford Super Duty Sales up 7.5 Percent; Explorer Sales Gain 21.9 Percent; Transit Van Sales up 13.9 Percent; Lincoln Aviator Retail Share Expands
About Ford Motor Company Ford Motor Company (NYSE: F) 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; mobility solutions,… Continue reading @Ford: Ford Super Duty Sales up 7.5 Percent; Explorer Sales Gain 21.9 Percent; Transit Van Sales up 13.9 Percent; Lincoln Aviator Retail Share Expands
Self-driving trucks startup TuSimple raises $350M from U.S. rail, retail and freight giants
Self-driving trucks startup TuSimple has closed a $350 million funding round from a diverse consortium of strategic investors that include major U.S. corporations in rail, retail and freight, according to sources familiar with the deal. The round, which was oversubscribed, was led by VectoIQ LLC, confirming a report by TechCrunch in September. VectoIQ is the consulting… Continue reading Self-driving trucks startup TuSimple raises $350M from U.S. rail, retail and freight giants
Ridecell Secures $45 Million in Series C Financing Round
Round Led by Fort Ross Ventures to Support Company’s Hyper Growth into Commercial Fleet Product Lines and New Geographies SAN FRANCISCO, Dec. 2, 2020 /PRNewswire/ — Ridecell Inc., the high-yield fleet platform for digital transformation chosen by the world’s leading fleets, today announced it has secured $45 million for its Series C financing round. The round… Continue reading Ridecell Secures $45 Million in Series C Financing Round
Continental and Nexteer Joint Venture CNXMotion Develops Brake-to-Steer Technology
Pioneers use of electronic braking as an additional layer of steering control for traditional, highly automated and autonomous vehicles (Automation Levels 1 – 5) Offers a cost-effective approach to achieve advanced safety Leverages technology building blocks from parent companies: Nexteer Automotive and Continental AUBURN HILLS, Mich., December 2, 2020. Leveraging technology building blocks from its… Continue reading Continental and Nexteer Joint Venture CNXMotion Develops Brake-to-Steer Technology
VW’s Hitzinger says complexity of new cars to drive consolidation
By Reuters Staff 2 Min Read FILE PHOTO: The new electric Volkswagen model ID. 4 is shown during a media presentation in Zwickau, Germany, September 18, 2020. Picture taken September 18. REUTERS/Matthias Rietschel/File Photo FRANKFURT (Reuters) – The auto industry faces a new wave of consolidation as cars become electric, connected and add highly automated… Continue reading VW’s Hitzinger says complexity of new cars to drive consolidation