Self-driving tech firm Cruise on Tuesday said SoftBank Group Corp’s Vision Fund has agreed to invest an additional $1.35 billion through a second tranche, as it works to launch a commercial ride-hailing service in San Francisco. Cruise, majority-owned by General Motors, has strong financial support from its investors including Honda and Microsoft and is not planning to… Continue reading GM’s Cruise to raise $1.35b more from SoftBank as it readies robotaxis
Tag: Mobility
ABB increases majority stake in Chinese charging provider Chargedot
European electronics giant ABB has increased its majority stake in Chinese charging provider Chargedot from 67 percent to 80 percent. ABB is now one of two shareholders in Chargedot, alongside a subsidiary of China’s largest vehicle manufacturer, SAIC, which retains a 20 percent stake. Both companies have benefited from their partnership. Chargedot has implemented ABB’s… Continue reading ABB increases majority stake in Chinese charging provider Chargedot
Self-driving car companies zoom ahead, leaving U.S. regulators behind
WASHINGTON/SAN FRANCISCO, Feb 2 (Reuters) – Self-driving vehicle companies from Tesla Inc (TSLA.O) to General Motors Co’s (GM.N) Cruise are racing to start making money with their technology, outrunning efforts by regulators and Congress to write rules of the road for robot-driven vehicles. On Tuesday, Cruise said that SoftBank Group Corp (9984.T) will invest another… Continue reading Self-driving car companies zoom ahead, leaving U.S. regulators behind
Cruise, loaded with another $1.35B from SoftBank, opens up driverless ride-hailing to the public
Cruise is opening up its driverless robotaxi service to the public in San Francisco as the GM subsidiary creeps toward commercialization with a fresh $1.35 billion investment from SoftBank Vision Fund. SoftBank had previously committed to investing an additional $1.35 billion, on top of its initial $900 million investment, once Cruise was ready for commercial… Continue reading Cruise, loaded with another $1.35B from SoftBank, opens up driverless ride-hailing to the public
GM’s Cruise launches robotaxi service in San Francisco
SoftBank invests another $1.35bn into driverless car unit as it takes first step to expand services to the public Go to Source
Continental and Volterio develop automated charging system
Continental Engineering Services (CES) has partnered with startup Volterio to develop an automated conductive charging system. Volterio plans to develop near-production systems for the jointly designed “charging robot” by mid-2022. CES will then take the product through the certification process and take over production. Volume production of the system is planned for 2024 and will… Continue reading Continental and Volterio develop automated charging system
Battery swapping to boost EV adoption in last-mile delivery space
Finance Minister Nirmala Sitharaman said the private sector will be encouraged to develop sustainable and innovative business models for ‘Battery or Energy as a Service’. New Delhi: Despite Tesla CEO Elon Musk still not entertaining a bevy of Indian ministers to manufacture its electric cars in the country, the government on Tuesday said it will… Continue reading Battery swapping to boost EV adoption in last-mile delivery space
AVL Renames North American Division to Reflect Mobility Leadership
“As a company, we have moved well past traditional powertrains and now our name reflects our strength in new technologies,” said Stephan Tarnutzer, President of AVL Mobility Technologies, Inc. “At AVL, we create a better world by driving the trends of tomorrow through our technology leadership in sustainable mobility solutions.” The division renaming also kicks… Continue reading AVL Renames North American Division to Reflect Mobility Leadership
NIO Inc. Provides January 2022 Delivery Update
NIO delivered 9,652 vehicles in January 2022, increasing by 33.6% year-over-year Cumulative deliveries of the ES8, ES6 and EC6 as of January 31, 2022 reached 176,722 SHANGHAI, China, Feb. 01, 2022 (GLOBE NEWSWIRE) — NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer and a leading company in the premium smart electric vehicle market,… Continue reading NIO Inc. Provides January 2022 Delivery Update
Hyundai Motor America Reports Record-Breaking January 2022 Sales
FOUNTAIN VALLEY, Calif., Feb. 1, 2022 /PRNewswire/ — Hyundai Motor America reported total January sales of 47,872 units, a 10% increase compared with January 2021 and the highest January sales total in company history. Venue (+70%), Tucson (+64%), Palisade (+12%) and the Ioniq (+51%) also established new January total sales records. Hyundai did not have any… Continue reading Hyundai Motor America Reports Record-Breaking January 2022 Sales