While the governments of the United States and China are pushing policies for technological decoupling, private tech firms continue to tap resources from both sides. In the field of autonomous vehicles, it’s common to see Chinese startups — or startups with a strong Chinese link — keep operations and seek investments in both countries. But… Continue reading TuSimple’s IPO filing reveals roadblocks for self-driving startups with Chinese ties
Tag: Strategy
Hyundai Motor places bet on selling more SUVs amid chip shortage
SEOUL — Hyundai Motor vowed on Wednesday to raise its portion of global SUV sales to 50% this year as the company struggles to boost profitability amid a shortage of key computer chips plaguing the automotive industry. South Korea’s largest automaker, which ranks as No. 5 globally in tandem with affiliate Kia Motors, set the… Continue reading Hyundai Motor places bet on selling more SUVs amid chip shortage
Australian lidar maker Baraja collects $31M B round to illuminate the future of autonomy
Lidar companies across the planet are going SPAC, but Baraja isn’t in a hurry to go public. The Australian lidar maker has raised a $31M B round to continue the deployment and development of its “unique and ingenious” imaging system, with participation beyond the usual VC suspects. Baraja’s lidar uses what the company calls SpectrumScan,… Continue reading Australian lidar maker Baraja collects $31M B round to illuminate the future of autonomy
Berlin’s Blacklane raises $26M to expand its high-end chauffeur-driven sustainable car service
As the Ubers of the world continue to scale, a smaller on-demand transportation startup has raised some funding in Germany, underscoring the opportunities that remain for startups in the space targeting specific service niches. Blacklane — the Berlin startup that provides on-demand black-car chauffeur services in Berlin, London, Dubai, Los Angeles, New York, Paris, Singapore… Continue reading Berlin’s Blacklane raises $26M to expand its high-end chauffeur-driven sustainable car service
Ralf Speth to take over as TVS Motor Chairman in 2023
Ralf Speth, who joined the TVS Motor Company Board of Directors on Wednesday, will take over as Chairman in January 2023. Venu Srinivasan will become Chairman Emeritus at that point in time. The former CEO of Jaguar Land Rover has been appointed to the TVS Motor Board ‘with a clear eye on the future’. Speth… Continue reading Ralf Speth to take over as TVS Motor Chairman in 2023
HAAS Alert Builds Out Connected Vehicle Business Unit
CHICAGO, March 24, 2021 /PRNewswire/ — HAAS Alert, an automotive safety technology startup, announced it has hired Jeff Niermann as Vice President of Connected Vehicle Sales to lead its business development activities with automotive manufacturers, suppliers, and emerging autonomous and electric mobility companies. Jeff brings decades of experience in sales and business development with automotive… Continue reading HAAS Alert Builds Out Connected Vehicle Business Unit
@niche: Unique flat EV chassis maker REE to open large facility in the UK000667
We’ve written about Israeli company REE Automotive and its remarkable super-flat modular EV chassis several times before. The company has a drastically disruptive offer for automakers; we’ll build you a skateboard electric vehicle chassis full of batteries, as well as your entire electric drivetrain, with more or less whatever characteristics you want in the motors,… Continue reading @niche: Unique flat EV chassis maker REE to open large facility in the UK000667
Samsung SDI to Double the Number of Its Prismatic Battery Production Lines in Hungary
Samsung SDI plans to double the number of its prismatic battery production lines at its Hungary plant by the end of this year and also begin construction of a second electric vehicle (EV) battery plant in Hungary. Its ultimate strategy is to gain dominance in the European prismatic EV battery market by investing about $890… Continue reading Samsung SDI to Double the Number of Its Prismatic Battery Production Lines in Hungary
Bosch and PTV Group: Alliance for better air
Mobility Solutions is the largest Bosch Group business sector. According to preliminary figures, it generated sales of 42.3 billion euros in 2020, and thus contributed 59 percent of total sales from operations. This makes the Bosch Group one of the leading automotive suppliers. The Mobility Solutions business sector pursues a vision of mobility that is… Continue reading Bosch and PTV Group: Alliance for better air
Self-driving truck startup TuSimple files to go public
TuSimple, the self-driving truck company that is backed by a diverse consortium of strategic investors, including Volkswagen AG’s heavy-truck business The Traton Group, Navistar, Goodyear, and freight company U.S. Xpress, filed Tuesday for an initial public offering. TuSimple is taking the traditional path to going public, a departure from the recent trend — particularly among… Continue reading Self-driving truck startup TuSimple files to go public