e.GO Mobile electric vehicle manufacturer announces launch of smart Battery Swap service – the “e.Pit”

Customers, who may find themselves in need of dealing with an unexpected occasion that requires a trip longer than usual, could utilize this smart in-built feature of their e.GO Life to swap the nearly depleted battery with a fully charged one in a designated e.GO battery swap station – the “e.Pit”. They can pick up… Continue reading e.GO Mobile electric vehicle manufacturer announces launch of smart Battery Swap service – the “e.Pit”

Ford and Newlab Announce Startups to Pilot New Electric Vehicle Tech

Ford Motor Company and Newlab, a community of experts and innovators applying transformative technology to solve the world’s biggest challenges, recently announced the five startups that will participate in the inaugural cohort of the Mobility Studio—a new program focused on supporting the advancement of technologies, product collaborations, and business models that drive a cleaner transportation future. The… Continue reading Ford and Newlab Announce Startups to Pilot New Electric Vehicle Tech

XPeng launches ‘Smart Driving Points’ beta, eerily similar to Tesla’s ‘Safety Score’

Chinese EV automaker XPeng Motors has taken a play out of Tesla’s book and will implement a ‘Smart Driving Points’ scoring system to ensure future owners don’t abuse its self-driving technology. The safety monitoring system has launched in beta form ahead of a 2022 rollout, and appears to be eerily similar to Tesla’s recent ‘Safety… Continue reading XPeng launches ‘Smart Driving Points’ beta, eerily similar to Tesla’s ‘Safety Score’

Autonomous vehicle maker Nuro secures $600M for expansion

Silver Spring, Md. — Electric vehicle maker Nuro said Tuesday it had secured $600 million in funding from Google, Kroger and others to continue the development of its autonomous delivery vehicle service. The Silicon Valley robotics company has already made thousands of grocery deliveries with Kroger as a part of a 2018 partnership. More: Robots hit the… Continue reading Autonomous vehicle maker Nuro secures $600M for expansion

New York hedge fund stands to make over $5bn on Avis Budget share surge

Receive free Avis Budget Group Inc updates We’ll send you a myFT Daily Digest email rounding up the latest Avis Budget Group Inc news every morning. A New York hedge fund stands to make billions of dollars on a sudden leap in the shares of Avis Budget, the once ailing rental car company that catapulted… Continue reading New York hedge fund stands to make over $5bn on Avis Budget share surge

@VW Group: 29Oct Davide Casini is Italdesign new CTO He will take on the position of Italdesign Chief Technical Officer as of November the 1st004128

He will take on the position of Italdesign Chief Technical Officer as of November the 1st Davide Casini will take on the position of Italdesign Chief Technical Officer as of November the 1st, 2021, succeeding Antonio Casu recently appointed Chief Executive Officer. Davide, 48, joined Italdesign in 1999 and since then he has continued to… Continue reading @VW Group: 29Oct Davide Casini is Italdesign new CTO He will take on the position of Italdesign Chief Technical Officer as of November the 1st004128

Fisker Secures Long-term Battery Capacity With CATL for the Fisker Ocean SUV

Fisker and CATL agree to over 5 gigawatt-hours (GWh) annual battery capacity for the Fisker Ocean SUV. Fisker will utilize CATL’s unique dual-chemistry cell capability to optimize performance, application, cost and market position across the Fisker Ocean option package lineup. Fisker and CATL to optimize battery pack structure to support Fisker Ocean packaging requirements. CATL… Continue reading Fisker Secures Long-term Battery Capacity With CATL for the Fisker Ocean SUV

Autonomous delivery startup Nuro lands investment from Google, Tiger Global in new $600 million round

Nuro has raised $600 million in a fundraising round led by new investor Tiger Global Management, capital that the autonomous delivery startup will use to ramp up commercial operations. The funding has pushed Nuro’s valuation to about $8.6 billion — or some 72% higher than a year ago — according to people familiar with the… Continue reading Autonomous delivery startup Nuro lands investment from Google, Tiger Global in new $600 million round

Volvo Cars urges world leaders for more clean energy investment to maximise EV potential

Volvo Cars has urged world leaders and energy providers to significantly boost investments in clean energy, in order for its and other electric cars to deliver on their true potential in terms of climate benefit. The call coincides with a newly published report into the overall lifecycle carbon emissions of Volvo Cars’ latest fully electric… Continue reading Volvo Cars urges world leaders for more clean energy investment to maximise EV potential