BMW logo is seen during Munich Auto Show, IAA Mobility 2021 in Munich, Germany, September 8, 2021. REUTERS/Wolfgang Rattay Q3 net profit 2.58 bln euros vs forecast 2.38 bln Q3 deliveries fell 12.2%, but revenues up 4.5% Q3 autos EBIT margin 7.8% BERLIN, Nov 3 (Reuters) – Higher prices and strong electric vehicle sales helped… Continue reading Autos & Transportation · 8:07 AM UTCBMW offsets lower deliveries with higher prices, EV salesHigher prices and strong electric vehicle sales helped Ge…
Tag: Mobility
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
India Roundup: IPO-bound Ola posts first operating profit, and more (Updated)
Also, SoftBank may sell its stake in Delhivery’s US$1 billion IPO, Coinbase acquires its first Indian startup for over US$40 million, and more. Go to Source
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