Luminar Drives Expansion Into Automotive Market With Over $250 Million Total Raised

PALO ALTO, Calif.–(BUSINESS WIRE)–Luminar announced today it is entering the consumer automotive and commercial trucking markets with a sensing and perception platform called Iris, now backed by new major institutional and strategic investors. After three years of stealth development, the company also revealed its perception software built on its LiDAR sensing platform. A recent addition… Continue reading Luminar Drives Expansion Into Automotive Market With Over $250 Million Total Raised

Volvo solves autonomous revenue riddle with package deals

STOCKHOLM (Reuters) – Swedish truckmaker AB Volvo’s first commercial autonomous truck deal shows how it is bundling services to generate revenue from a technology that is years away from wide deployment. FILE PHOTO: A self-driving Volvo electric truck with no cab called Vera is seen during a presentation in Berlin, Germany, September 12, 2018. REUTERS/Emma… Continue reading Volvo solves autonomous revenue riddle with package deals

Carmakers’ designs on patents for the future

In 1959 an engineer at Volvo patented a device with the potential to transform driving — the three-point seatbelt. The carmaker then did something extraordinary. Rather than guarding the technology closely and using its innovation to give it a competitive edge, it released the design into the public domain. “Thanks to its decision to share… Continue reading Carmakers’ designs on patents for the future

Google rival Baidu teams up with Toyota and Geely

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Chinese tech giant Baidu partners Geely, Toyota in self-driving push

China’s top search engine operator Baidu Inc has joined hands with Zhejiang Geely Holding Group and Japan’s Toyota Motor Corp to cooperate on areas related to artificial intelligence (AI) amid a push for self-driving cars. Under their partnership, Geely and Toyota have joined Apollo, an autonomous driving platform by Baidu. Baidu will provide Apollo Minibus,… Continue reading Chinese tech giant Baidu partners Geely, Toyota in self-driving push

Baidu partners with Geely for intelligent mobility solutions

The Chinese automaker revealed that its fleet of 300 L4 autonomous vehicles across 13 cities in China had recently surpassed a milestone of 2 million kilometer distance driven in urban road environments. New Delhi: Baidu has joined hands with Geely to develop intelligent mobility solutions that include connected car technology. Under their partnership, the Geely… Continue reading Baidu partners with Geely for intelligent mobility solutions

Lotus Evija: 1000bhp electric hypercar named ahead of 16 July debut

As the official picture suggests, the Evija is low and wide. Lotus design director Russell Carr, who showed the model to Autocar, says it is a similar length to the existing Evora – which is 4.4 metres long – but will sit closer to the ground and be nearly two metres wide. It uses a carbonfibre… Continue reading Lotus Evija: 1000bhp electric hypercar named ahead of 16 July debut