BERLIN — Audi plans to switch to agency sales for its electric models starting in 2023. Through this model, cars will be sold directly by the brand to end customers, with dealers acting only as intermediaries. So far Audi has been selling its own EVs such as the e-tron and e-tron GT through its authorized… Continue reading Audi will switch to agency model for EV sales – Automotive News Europe
Tag: Mobility
Veoneer partners with Baraja to deliver Spectrum-Scan LiDAR for next generation autonomous vehicles
STOCKHOLM, July 19, 2021 /PRNewswire/ — The automotive technology company Veoneer, Inc. (NYSE: VNE and SSE: VNE SDB) has signed an agreement with pioneering LiDAR company Baraja to industrialize their Spectrum-Scan™ LiDAR technology for the next market wave of L2+ through L4 autonomous vehicle applications. Under the non-exclusive agreement, Veoneer will develop, market and integrate… Continue reading Veoneer partners with Baraja to deliver Spectrum-Scan LiDAR for next generation autonomous vehicles
Robotaxis: have Google and Amazon backed the wrong technology?
An evolutionary approach to building driverless cars is challenging the companies targeting a ‘moonshot’ solution to full automation Go to Source
German Manager Magazin: 11 billion dollar valuation and hardly any income000951
The robot car company Aurora is the first promising developer of future technology to go public. So far from, among others Amazon supported company takes – like many start-ups currently – an abbreviation via the merger with an already listed company shell, a so-called Spac (“Special Purpose Acquisition Company”). Aurora is valued at around eleven… Continue reading German Manager Magazin: 11 billion dollar valuation and hardly any income000951
Ati Motors raises $3.5m led by Blume, Exfinity Venture and 16 India deal updates
ResearchPremium Ati Motors, an all-electric autonomous industrial vehicle maker, has raised $3.5 million in a funding round led by Blume Ventures and Exfinity Venture Partners. MFV Partners and a syndicate on LetsVenture led by Livspace founder Ramakant Sharma also participated in the Pre-Series A round, Ati Motors said. The pre-Series A funding will be deployed… Continue reading Ati Motors raises $3.5m led by Blume, Exfinity Venture and 16 India deal updates
Technopark-based company Acsia Technologies to hire 200 employees
Started in 2014, Acsia Technologies Pvt Ltd is currently working on multiple core sectors of a software-defined car ecosystem with the world’s leading carmakers and Tier1 suppliers. Their focus on quality processes and technology are helping the automotive companies in their transition from hardware-oriented cars to software-defined cars. Acsia Technologies, a Technopark-based company, will soon… Continue reading Technopark-based company Acsia Technologies to hire 200 employees
New Aston Martin Valhalla supercar revealed with 937bhp hybrid power
The new Aston Martin Valhalla supercar has been unveiled, together with full specifications for what is the first series production mid-engined road car in the brand’s 108-year history. Claimed to be “an extraordinary, truly driver-focused mid-engined hybrid supercar”, the Valhalla has evolved from the initial 2019 concept to a road-ready production model and will define a… Continue reading New Aston Martin Valhalla supercar revealed with 937bhp hybrid power
Uber CEO says ride prices will be close to normal by September
Uber CEO Dara Khosrowshahi said that ride prices will return “to nearly the good old days” by September, The New York Times reported on Thursday. During the pandemic, the popular ride-sharing app lost billions as people isolated at home. Now, users are opening the black-and-white app again — only to be shocked by high prices… Continue reading Uber CEO says ride prices will be close to normal by September
@VINFAST: Vingroup Joint Stock : eyes $60 bln valuation for car unit in potential U.S. IPO – sources04/12/2021 | 08:15am EDT…ters) – Vingroup JSC, Vietnam’s…
HANOi, April 12 (Reuters) – Vingroup JSC, Vietnam’s largest conglomerate, is considering an U.S. initial public offering (IPO) of its car unit that could value VinFast at about $60 billion, two people familiar with the matter said on Monday.Vingroup, which was founded in 1993 in Ukraine, is working with Credit Suisse Hong Kong for the… Continue reading @VINFAST: Vingroup Joint Stock : eyes $60 bln valuation for car unit in potential U.S. IPO – sources04/12/2021 | 08:15am EDT…ters) – Vingroup JSC, Vietnam’s…
New mission, logo shows SAIC Motor’s transition to user-orientated high-tech firm
China’s largest carmaker, SAIC Motor, published its new vision, mission, values, and logo on June 15, indicating its transition to a user-oriented high-tech company. Its new stated value is to be user-oriented，more attention on open partnerships and innovation to achieve further. The company’s new vision is to provide an exciting ride for a green and… Continue reading New mission, logo shows SAIC Motor’s transition to user-orientated high-tech firm