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VW boss Diess: “The future of Volkswagen decides on the Chinese market”

VW boss Herbert Diess According to the plans of VW boss Herbert Diess, China will in future play a much more important role for the German carmaker. (Photo: AP) PekingChina should according to the plans of VW-Boss Herbert Diess play an even more important role for the German carmaker in the future. “The future of… Continue reading VW boss Diess: “The future of Volkswagen decides on the Chinese market”

Toyota Unveils Five Visions for the Future of Mobility at CES

Toyota Mobility Foundation, in partnership with Nesta’s Challenge Prize Centre, announces finalists in $4 million global Mobility Unlimited Challenge, at CES in Las Vegas Innovators from around the world submitted game-changing technologies to improve the lives of people with lower limb paralysis Finalists include teams from the United Kingdom, United States, Japan and Italy, with… Continue reading Toyota Unveils Five Visions for the Future of Mobility at CES

Ford plans new wireless tech for cars starting 2022

FILE PHOTO: The Ford logo is pictured on the company’s stand during the 88th Geneva International Motor Show in Geneva, Switzerland, March 7, 2018. REUTERS/Denis Balibouse (Reuters) – Ford Motor Co (F.N) said on Monday it plans to roll out a wireless technology for its new vehicle models in the United States, starting 2022, that… Continue reading Ford plans new wireless tech for cars starting 2022

Announcing HERE Navigation On-Demand

HERE Navigation On-Demand is the world’s first ‘Navigation as a Service’ solution, providing a market-ready framework that can add connected services and navigation to any vehicle. If you’re in the business of building cars, you may find yourself in a difficult position when building in-car navigation and infotainment systems. On one hand, consumers demand easy-to-use… Continue reading Announcing HERE Navigation On-Demand

Toyota Mobility Foundation Unveils Five Visions for the Future of Mobility at CES

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Byton brings its big-screen electric SUV back to CES, a step closer to production

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Byton M-Byte
The China-based electric vehicle maker Byton brought a close-to-production prototype version of its M-Byte SUV to the 2019 Consumer Electronics Show this week.

The debut of the vehicle, still headed for a starting price of around $45,000 and an available driving range of up to 325 miles, marks another step toward production for what was one of the surprise stars of last year's CES show.

Prior to last year’s show, few had heard of, Byton. And in all fairness, the real star of the show wasn’t the vehicle (then just called Byton Concept) so much as what it called the Shared Experience Display—a massive 49-inch screen tamed with gesture controls—and an elaborate, detailed proof-of-concept presentation to CES attendees and media.

DON’T MISS: Startup Byton: EVs aren't the innovation; personal-tech features are

Much of the Concept’s screen actually worked, and responded well to gesture controls, as demonstrated. It was what amounted to an effective distraction, at an electronics show, from the fact that the rest of the vehicle was still very much a cobbled-together concept car, with roughly a year of actual vehicle development underway.

What a difference a year can make. This year Byton reported at CES that the M-Byte, as it became called, is currently in prototype testing, and it brought the close-to-production prototype to CES 2019 with some significant tweaks—to the cabin design especially.

Byton M-Byte interior – production prototype for CES 2019

In addition to all the screen real estate that’s already accessible to those in front, Byton has added a new tablet-style screen between the driver and passenger, while keeping and redesigning the steering-wheel screen that serves as a small control tablet. Two big screens bring entertainment and other functions to rear-seat passengers, and face-recognition functions automatically recall personalized settings; directional microphones will accept voice inputs separately from each passenger.

CHECK OUT: Byton electric SUV promised for 2019 at $45,000 after CES debut: first-ride video

Otherwise the dashboard itself has been given more of a wrap-around design, with pragmatic concessions like climate-control vents and hard buttons added to the center-console area.

That said, the concept-car-style front seats still swivel 12 degrees, to allow those in front to converse, when the car isn’t in motion (or at some point in the future, when an autonomous mode is activated). And Byton says that the screen will meet crash standards in all target markets.

Byton M-Byte interior – production prototype for CES 2019

Byton is working on a Level 4 autonomous-driving system, but the M-Byte will only launch with some driver-assistance features (smart cruise control and limited steering assist).

READ MORE: Byton reveals self-driving living-room on wheels, the K-Byte, in LA

The company states that it “aims to create a premium brand rooted in China which has a global reach.” It has an impressive roster of executives from BMW, Tesla, Apple, and Google, and it emphasizes its international building blocks. The carmaker is building an assembly plant in Nanjing, China, with production equipment from Japan and Germany. The company’s strategic investors include Chinese automaker FAW, Chinese battery giant CATL, and key suppliers such as Bosch, BOE, and Faurecia.

Byton M-Byte and K-Byte

Byton revealed its first drivable prototype of the M-Byte just last year and, in concept form, the K-Byte, an electric sedan that it plans to follow the M-Byte.

In what has to be one of the tightest timelines yet, for from-scratch development of a vehicle intended for the U.S. and Europe, the company is targeting mid-2019 for the debut of a production version of the M-Byte, with a mass-production start at the end of the year. If all things go right, and the company avoids Faraday Future–style drama, it could reach the U.S. sometime in 2020.

Tesla Model S Resale Values = Best In Class

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Published on January 6th, 2019 |

by Guest Contributor

Tesla Model S Resale Values = Best In Class

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January 6th, 2019 by Guest Contributor

Originally published on EVANNEX.
By Charles Morris

It’s always fun to talk about Elon Musk’s tweets and tokes, but when it comes to predicting Tesla’s long-term financial prospects, savvy observers understand that the two metrics that matter are the demand for the company’s products and the margin of profit it earns on each unit. So, if TSLA stock slips in response to an unguarded comment by the Iron Man, consider it a buying opportunity. If you see evidence that demand for Teslas is flagging, then you can start to worry.

Tesla Model S (Image via Tesla)

One way to gauge the level of demand for an automaker’s vehicles is to examine how their value holds up in the used market. Generally speaking, vehicles that are more in demand depreciate less. So it’s encouraging to read a recent report from venture capital firm Loup Ventures, which found that the depreciation of Tesla’s Model S compares quite favorably with that of other vehicles in its class.

Based on a mathematical analysis of data on used car sales, Loup Ventures concluded that, after 50,000 miles, a typical Model S will have lost around 28% of its original value, whereas competing models in the luxury sedan class will have lost an average of 38%. Even when variables such as model year, miles driven and initial sale price were taken into account, Loup found that a Model S could be expected to retain 7% more value than its competitors.

Two things to keep in mind: higher-priced cars usually show worse depreciation than budget models; and plug-in cars in general exhibit worse depreciation than comparable gas-powered models (among other things, plug-in vehicles tend to be improved every year, and only new vehicles are eligible for federal and state incentives). Of the plug-in vehicles on the US market, Teslas show by far the least depreciation, holding their value better than the Chevy Volt, BMW i3, or Nissan LEAF.

The Loup Ventures team started by looking at an Autolist survey, which included 1.6 million data points gathered between January 2012 and August 2016. Autolist found the following amounts of depreciation after 50,000 miles:

Tesla Model S: 28%
Lexus LS 460: ~32%
Mercedes S-class: ~36%
Porsche Panamera: ~37%
BMW 7 Series: 40%
Audi A8: 40+%
Jaguar XJ: 41%

However, the researchers weren’t entirely satisfied with these numbers — during the years covered by Autolist’s survey, the supply of Teslas was limited, which could have artificially kept resale prices high. Therefore, the Loup team decided to conduct their own survey based on today’s prices.

The team examined the same auto models that were included in the Autolist survey, scraping listings of certified pre-owned cars from manufacturers’ websites. Next, they built a regression model to predict the percentage by which each car had depreciated based on model year, miles driven and MSRP. They also included a categorical variable designed to account for any inherent difference between Tesla and its competitors.

The article includes all the details of the team’s analysis, which the statistically inclined may wish to read. The researchers concede that their study wasn’t perfect – they could have used more data on non-Tesla vehicles, and the bewildering array of options available made it impossible to calculate the precise MSRP of some models. However, they believe that their conclusion that Model S depreciates at a rate 7% lower than that of competitors in its class is sound.

A look at an older Tesla Model S. (Image via Tesla Shuttle and CleanTechnica)

Be the numbers what they may, there’s plenty of anecdotal evidence that Tesla’s vehicles hold their resale value well — comments on the subject by frustrated would-be owners aren’t hard to find. But after all, these cars often seem to have minds of their own, so it shouldn’t be surprising that they stubbornly refuse to lose their value as quickly as most other luxury vehicles do. That may be bad news for car buyers with moderate budgets, but it’s a good sign for the future of the company.

About the Author

Guest Contributor is many, many people. We publish a number of guest posts from experts in a large variety of fields. This is our contributor account for those special people. 😀

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ZF will unveil a steering wheel and pedal-free robo-taxi at CES 2019

Robo-taxi featuring ZF technology at CES 2019 provides a preview of autonomous ride-hailing
Mobility-as-a-Service is one of the biggest drivers of the development of autonomous driving
ZF offers automotive systems competence for innovative mobility providers

Friedrichshafen, Germany / Las Vegas, NV, USA, 07-Jan-2019 — /EuropaWire/ — Novel urban mobility choices are one of the biggest drivers behind the development of autonomous driving. A primary example is autonomous ride-hailing, a service based on shared rides in robo-taxis or robo-shuttles. ZF offers extensive systems competence to companies offering Mobility-as-a-Service solutions. It includes radar, camera and LiDAR systems as sensors to help detect the vehicle’s environment, powerful computers such as the ZF ProAI RoboThink with software and algorithms, as well as mechatronic actuators and safety systems. Customers can also benefit from ZF’s ability to intelligently network these systems and integrate them into vehicles. This adds value for customers who want to offer not just vehicles, but mobility services.

At CES 2019, ZF will unveil a steering wheel and pedal-free robo-taxi to show how its technologies enable new forms of urban mobility. Users can hail the taxi using their smartphone or tablet and it will maneuver autonomously to pick them up. It can then chauffeur them to where they wish to go.

“Automation, electrification and networking are critical enablers as the transport of people and goods continually increase in urban centers. With our extensive systems competence, ZF is enabling and shaping next-generation mobility,” said Torsten Gollewski, head of Advanced Engineering at ZF and general manager of Zukunft Ventures GmbH. “Our flexible and modular system solutions are not only attractive for conventional car manufacturers, but also for new companies entering the mobility market.”

Networked systems link vehicles to the cloud

With the robo-taxi, ZF is demonstrating that it can provide the necessary solutions for the development of robo-vehicles and related services. In line with the company’s “see. think. act.” philosophy, the ZF range of sensors helps enable the demo vehicle to precisely detect its surroundings. ZF ProAI RoboThink, the high-performance supercomputer for autonomous driving is designed to process the vast amount of sensor data, translate it into a coherent picture and derive the right commands for the vehicle. These commands are then implemented by connected ZF systems that enable vehicle motion control and enhanced safety – including chassis, drive, steering system, brakes or occupant safety systems.

ZF has also been hard at work networking its intelligent mechanical systems with its cloud-based platform for mobility services. It will be possible to integrate functions across all kinds of providers, for instance for ride-hailing, innovative delivery services and fleet management. The vehicle software can be updated via the cloud.

Cockpit with no steering wheel or pedals

With increasing automation, new concepts for seat positions in fully automated delivery vehicles or robo-taxis are also in demand. The Trendsetting Cockpit from ZF and Faurecia installed in the CES demo vehicle demonstrates where development is heading. It can maneuver without a steering wheel and pedals and is equipped with three screens. Deliverers or passengers can freely choose where to sit. This provides greater flexibility, freedom of movement and new options for interior space utilization.

MEDIA CONTACTS

Florian Stemmler
Technology and Product Communication
+49 7541 77-2367
florian.stemmler@zf.com

Robert Buchmeier
Head of Technology and Product Communications
+49 7541 77-2488
robert.buchmeier@zf.com

SOURCE: ZF Friedrichshafen AG

Grab’s Series H round tops $3b with latest investment from Tokyo Century

January 7, 2019 Japanese financial services company Tokyo Century on Monday announced an undisclosed investment in Singapore-headquartered Grab, pushing the total capital commitments received in the latter’s ongoing Series H round to above $3 billion. According to an official statement, Tokyo Century has made a capital investment in Grab’s car rental arm, Grab Rentals, in addition… Continue reading Grab’s Series H round tops $3b with latest investment from Tokyo Century

ZF Sensor Power: Autonomous Driving With All the Senses

“As system architects for autonomous driving, we’ve developed a sensor set which equips cars with all of the necessary senses to digitally detect their surroundings,” said Torsten Gollewski, head of Advanced Engineering at ZF and general manager of Zukunft Ventures GmbH. “Our systems can more precisely and redundantly enable real-time sensing and signal processing of… Continue reading ZF Sensor Power: Autonomous Driving With All the Senses