So long, Self-Driving Coalition for Safer Streets; hello, Autonomous Vehicle Industry Association! The AV industry’s top lobbying group in Washington, DC is rebranding, dropping the reference to “self-driving” in exchange for a more straightforward moniker. The group, which was founded in 2016 by Waymo, Ford, Lyft, Uber, and Volvo, lobbies lawmakers to pass legislation favorable… Continue reading The self-driving car industry is abandoning the term ‘self-driving’ and leaving it to Tesla
Tag: Mobility
@Hyundai: Kia announces 2021 fourth-quarter business results
2021 revenue increases 18.1% to KRW 69.86 trillion while operating profit jumps to KRW 5.07 trillion Annual global sales of 2.78 million units, 6.5 % increase Y/y 4Q revenue increases 1.6% and operating profit decreases 8.3% Y/y with global sales of 647,949 units, a 12.8% decrease Y/y Kia targets total global sales of 3.15 million… Continue reading @Hyundai: Kia announces 2021 fourth-quarter business results
Baidu’s electric car brand Jidu closes $400M Series A round
Once an industry with long development cycles, the automotive space is being upended by China’s tech giants. One can hardly keep up with all the new electric vehicle brands that come out of the country nowadays. Jidu, an electric carmaking company founded by Baidu and its Chinese auto partner Geely only a year ago, said… Continue reading Baidu’s electric car brand Jidu closes $400M Series A round
Green Motion Signs New Franchise in Portugal
Richard Lowden, founder & CEO of Green Motion International, with Paulo Pereira, mobility manager, MCoutinho Group, poses together in celebration of the new partnership. Photo: Green Motion Car rental company Green Motion confirmed the sale of its Master Country Franchise for Portugal to the MCoutinho Group, which is one of Portugal’s largest automotive retailers representing 20 brands… Continue reading Green Motion Signs New Franchise in Portugal
UK needs law for self-driving cars, government body says
Once a self-driving system is engaged, “the person in the driving seat would no longer be responsible for how the car drives,” the law commissions proposed in the report. By Nick Carey LONDON: Britain should pass a law regulating self-driving vehicles and include sanctions for companies if anything goes wrong when their vehicles take over… Continue reading UK needs law for self-driving cars, government body says
Baidu’s electric vehicle arm Jidu raises $400 mln in new funding round
Jidu, launched a year ago, is Baidu’s latest effort to leverage its artificial intelligence expertise for car-making. BEIJING: Baidu‘s electric vehicle (EV) arm Jidu Auto said on Wednesday that it had raised nearly $400 million from Baidu and Zhejiang Geely Holding Group in a fresh funding round. Jidu, an EV venture between China’s search engine… Continue reading Baidu’s electric vehicle arm Jidu raises $400 mln in new funding round
MAY MOBILITY ACCELERATES GROWTH WITH SERIES C FUNDING
ANN ARBOR, Mich., Jan. 26, 2022 /PRNewswire/ — May Mobility, a leader in the development and deployment of autonomous vehicle (AV) technology, today announced the initial closing of its Series C round of funding with an investment of $83 million led by Mirai Creation Fund II – a SPARX Group Co., Ltd. managed fund that is renowned… Continue reading MAY MOBILITY ACCELERATES GROWTH WITH SERIES C FUNDING
Baidu’s EV arm Jidu raises $400m in new funding round
Baidu’s electric vehicle (EV) arm Jidu Auto said on Wednesday that it had raised nearly $400 million from Baidu and Zhejiang Geely Holding Group in a fresh funding round. Jidu, an EV venture between China’s search engine company Baidu and Chinese automaker Geely, said in a statement that it would deliver its mass-produced “robot” cars in 2023.… Continue reading Baidu’s EV arm Jidu raises $400m in new funding round
@Hyundai: Hyundai Motor Group and JTC to Develop Smart Transport and Logistics Models for Singapore’s Jurong Innovation District
MOU partnership between Hyundai Motor Group and JTC to study and develop smart transport and logistics models for Singapore’s Next-Generation Industrial and Business Parks such as Jurong Innovation District The Group to review new mobility options, including Electric Vehicles (EVs) and Autonomous Vehicles (AVs), to optimise logistics routes, autonomous shuttle services and infrastructure The… Continue reading @Hyundai: Hyundai Motor Group and JTC to Develop Smart Transport and Logistics Models for Singapore’s Jurong Innovation District
Daily Crunch: Google dumps FloC plan, proposes new Topics API for ad targeting
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PST, subscribe here. Hello and welcome to Daily Crunch for January 25, 2022! Today our cup overflows with news. There’s simply too much going on to cover in a single newsletter, so I’ve tried to… Continue reading Daily Crunch: Google dumps FloC plan, proposes new Topics API for ad targeting