Kodiak Robotics, one of the last privately held autonomous truck outfits in Silicon Valley, has raised $125 million in new capital, funding that will be used to double its workforce as it pursues a path to commercialization. The oversubscribed Series B stands out for its lengthy list of backers and notably that the lead investor… Continue reading Self-driving truck startup Kodiak Robotics raises $125M
Tag: Strategy
Technology · 3:13 PM UTCAI chip startup Cerebras Systems raises $250 million in fundingCerebras Systems, a Silicon Valley-based startup developing a m…
Nov 10 (Reuters) – Cerebras Systems, a Silicon Valley-based startup developing a massive computing chip for artificial intelligence, said on Wednesday that it has raised an additional $250 million in venture funding, bringing its total to date to $720 million. The Cerebras chip is about the size of a dinner plate, much larger than the… Continue reading Technology · 3:13 PM UTCAI chip startup Cerebras Systems raises $250 million in fundingCerebras Systems, a Silicon Valley-based startup developing a m…
Hyzon Motors and TC Energy announce modular hydrogen production hub development agreement
ROCHESTER, N.Y. and HOUSTON, Nov. 10, 2021 /PRNewswire/ — Hyzon Motors Inc. (NASDAQ: HYZN), (Hyzon) a leading supplier of hydrogen-powered fuel cell electric vehicles, and TC Energy Corporation (TSX,NYSE: TRP), (TC Energy), today announced an agreement to collaborate on development, construction, operation, and ownership of hydrogen production facilities (hubs) across North America. The hydrogen production facilities will be… Continue reading Hyzon Motors and TC Energy announce modular hydrogen production hub development agreement
PA Consulting unveils design concept for an electric vehicle chargepoint to accelerate the adoption of zero-emission road transport
The project – commissioned by the Transport Secretary Grant Shapps in August 2021 – supports local authorities up and down the country by providing a blueprint of good design standards for electric vehicle (EV) chargepoints. It has been designed to enhance the charging experiences of residents, businesses, and visitors alike. EV chargepoints are an increasingly… Continue reading PA Consulting unveils design concept for an electric vehicle chargepoint to accelerate the adoption of zero-emission road transport
@Nio: NIO Inc. Reports Unaudited Third Quarter 2021 Financial Results000314
November 9, 2021 at 4:30 PM EST Quarterly Total Revenues reached RMB9,805.3 million (US$1,521.8 million)iQuarterly Deliveries of the ES8, the ES6 and the EC6 were 24,439 vehicles SHANGHAI, China, Nov. 09, 2021 (GLOBE NEWSWIRE) — NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer and a leading company in the premium smart electric vehicle… Continue reading @Nio: NIO Inc. Reports Unaudited Third Quarter 2021 Financial Results000314
@GM: GM to Invest $46 Million at Metal Center in Parma, Ohio
GM to Invest $46 Million at Metal Center in Parma, Ohio Investment to upgrade equipment and prep plant for future work 2021-11-04 WARREN, Mich. – Today, General Motors announced plans to invest more than $46 million at its Parma, Ohio, metal stamping operation. This investment will be used for equipment upgrades and to prepare the… Continue reading @GM: GM to Invest $46 Million at Metal Center in Parma, Ohio
@Toyota: Toyota Renews Investment in Collaborative Safety Research Center with Five-Year, $30 Million Commitment to Drive Next Phase of Safety Innovation
Funds for projects designed to explore the safety needs of evolving mobility ecosystem and analyze protection for vulnerable and at-risk populations on our roads CSRC has received $85 million for collaborative safety technology research to help reduce traffic fatalities and injuries since 2011 ANN ARBOR, Mich. (November 9, 2021) – The pursuit of safe mobility… Continue reading @Toyota: Toyota Renews Investment in Collaborative Safety Research Center with Five-Year, $30 Million Commitment to Drive Next Phase of Safety Innovation
U.S. auto safety regulator awards over $24 mln to Hyundai Motor whistleblower
The award to ex-Hyundai Motor engineer Kim Gwang-ho is the biggest ever in a whistleblower case in the auto sector globally, according to law firm Constantine Cannon. The U.S. auto safety regulator announced on Tuesday its first-ever reward to a whistleblower, handing out more than $24 million to a former Hyundai Motor Co employee who… Continue reading U.S. auto safety regulator awards over $24 mln to Hyundai Motor whistleblower
General Electric to split into 3 public companies
The company, founded in 1892, has refashioned itself in recent years from the sprawling conglomerate created by Jack Welch in the 1980s to a much smaller and focused entity. It was heavily damaged by the financial crisis. The storied American company General Electric will divide itself into three public companies focused on aviation, healthcare and… Continue reading General Electric to split into 3 public companies
@Groupe PSA: PR Stellantis Announces Launch of Stellantis & You, Sales and Services002754
New commercial name for Stellantis’ retail division for Europe and Morocco A new digital marketplace to enhance customer experience, with e-reservation and a modern responsive design AMSTERDAM – Stellantis N.V. (NYSE/MTA/Euronext Paris: STLA) (“Stellantis”) is pleased to announce the launch of Stellantis & You, Sales and Services, the new commercial name of Stellantis’ retail division… Continue reading @Groupe PSA: PR Stellantis Announces Launch of Stellantis & You, Sales and Services002754