LOS ANGELES, Dec. 07, 2021 (GLOBE NEWSWIRE) — Xos, Inc. (NASDAQ: XOS), a leading manufacturer of fully electric Class 5 to Class 8 commercial vehicles, today announced it has entered a strategic partnership with Austell, Ga.-based Yancey Bros. Co., the nation’s oldest Caterpillar dealer, to distribute Xos vehicles across the state of Georgia. “We’re thrilled… Continue reading @niche: Xos, Inc. Announces Strategic Partnership with Yancey Bros. Co.001483
Tag: Mobility
Autonomous driving startup Deeproute.ai prices L4 solution at $10,000
Deeproute.ai, an autonomous vehicle startup with offices in Shenzhen and Fremont, California, unveiled an ambitious self-driving solution on Wednesday. The package, named DeepRoute-Driver 2.0, is a production-ready Level 4 system that costs approximately $10,000. The price tag is incredible given the hardware used: five solid-state lidar sensors, eight cameras, a proprietary computing system, and an… Continue reading Autonomous driving startup Deeproute.ai prices L4 solution at $10,000
Stellantis CEO in Detroit: COVID-19 pandemic shows people want cars
For Carlos Tavares, the man who controls the fate of Jeep, Ram, Chrysler and Dodge, the pandemic, and what it has wrought, has been eye-opening. Crises, which began with COVID-19 and spread into the semiconductor shortage that has tested the resilience of the supply chain, driven up vehicle prices and limited what vehicles are on dealer lots,… Continue reading Stellantis CEO in Detroit: COVID-19 pandemic shows people want cars
GM’s self-driving subsidiary fires back at accusations it is violating laws
General Motors’ subsidiary Cruise said Monday it is following the law in testing driverless cars in San Francisco and it will push on with its application to start a robotaxi service there. Cruise, based in San Francisco, has been developing self-driving cars for the past several years for the purpose of starting a commercial robotaxi service in the city. In… Continue reading GM’s self-driving subsidiary fires back at accusations it is violating laws
@GM: GM to Invest More Than $51 Million at Bedford Aluminum Casting Facility for Chevrolet Silverado EV Drive Unit Castings December 7, 2021
Terms & Conditions LEGAL NOTICES PLEASE READ THESE TERMS CAREFULLY BEFORE USING THIS SITE THIS WEB SITE (THE “SITE”) IS PROVIDED BY GM FOR INFORMATIONAL PURPOSES ONLY. BY USING THE SITE, OR BY DOWNLOADING MATERIALS FROM THIS SITE, YOU AGREE TO ABIDE AND BE BOUND BY THE TERMS AND CONDITIONS CONTAINED BELOW AND ELSEWHERE WITHIN… Continue reading @GM: GM to Invest More Than $51 Million at Bedford Aluminum Casting Facility for Chevrolet Silverado EV Drive Unit Castings December 7, 2021
@VW Group: Volkswagen Group ties loan to sustainability target for the first time004313
The Volkswagen Group has for the first time concluded a loan with terms tied to achieving a sustainability target (sustainability linked loan). The interest rate on the three-year €1.8 billion agreement depends on the Volkswagen Group achieving its CO2 fleet emission targets in Europe. The funds will be used for refinancing and to cover new… Continue reading @VW Group: Volkswagen Group ties loan to sustainability target for the first time004313
BP buys EV charging provider AMPLY in green energy push
Under the terms of the agreement, AMPLY Power will continue to operate independently as part of BP’s global portfolio of businesses. Oil and gas major BP Plc said on Tuesday it had bought U.S. electric vehicle charging provider AMPLY Power for an undisclosed sum, stepping up efforts to cut emissions and focus on cleaner energy.… Continue reading BP buys EV charging provider AMPLY in green energy push
@Groupe PSA: PR Stellantis Targets ~€20 Billion in Incremental Annual Revenues by 2030 Driven by Software-Enabled Vehicles002907
Approximately €4 billion in annual revenues by 2026 and ~€20 billion by 2030, generated by software-enabled product offerings and subscriptions More than €30 billion of investments planned through 2025 to execute software and electrification transformation 34 million monetizable connected cars expected by 2030, with a majority of all new vehicles to be fully over-the-air updatable… Continue reading @Groupe PSA: PR Stellantis Targets ~€20 Billion in Incremental Annual Revenues by 2030 Driven by Software-Enabled Vehicles002907
Intel is taking its self-driving company Mobileye public in 2022
Intel announced that it will take public its self-driving technology company Mobileye, the Israeli company it acquired for $15.3 billion in 2017. The chipmaker said that by listing Mobileye’s shares on the stock market, it hopes to unlock more value for Intel’s shareholders. Intel will remain the majority shareholder in Mobileye. In a statement, Intel… Continue reading Intel is taking its self-driving company Mobileye public in 2022
Meritor Announces Hydrogen Fuel Cell Electric Truck Development Program with Hexagon Purus
TROY, Mich., Dec. 7, 2021 /PRNewswire/ — Meritor, Inc. (NYSE: MTOR) today announced it will supply its Blue Horizon™ 14Xe™ ePowertrains to Hexagon Purus for a near-term development program with the intention of taking the program to production. Meritor’s ePowertrain will be used in two different hydrogen fuel-cell electric vehicle applications in North America. These… Continue reading Meritor Announces Hydrogen Fuel Cell Electric Truck Development Program with Hexagon Purus