Belgian materials and technology group Umicore said growth in revenue and earnings in 2020 will be lower than previous indications due to delays in the electric vehicle and energy storage markets.The company, one of the world’s largest cobalt refiners, expects earnings before interest and tax (EBIT) for 2019 to be 475-525 million euros ($534- $590 million) due to tough market conditions.
Tag: Electric vehicles
Nvidia takes aim at Tesla’s custom GPU claims
Tesla CEO Elon Musk touted the company’s custom GPU processor, said it is using its own silicon over Nvidia and has all the hardware in place for autonomous driving. A day later, Nvidia set out to diplomatically correct some Tesla “inaccuracies.” Anyone who has followed the semiconductor market knows there are benchmark fibs all the… Continue reading Nvidia takes aim at Tesla’s custom GPU claims
Tesla Raises the Bar for Self-Driving Carmakers
In unveiling the specs of his new self-driving car computer at this week’s Tesla Autonomy Day investor event, Elon Musk made several things very clear to the world. First, Tesla is raising the bar for all other carmakers. Second, Tesla’s self-driving cars will be powered by a computer based on two of its new AI… Continue reading Tesla Raises the Bar for Self-Driving Carmakers
Tesla Will Bring Robotaxis To U.S. Streets ‘Next Year’
Tesla Inc. founder Elon Musk predicts that robotaxis, or autonomous driverless cars, will be available on U.S. streets next year.
Musk, who admitted he can be overly optimistic about some of his predictions, said at an Autonomy Investor Day on Monday that he was confident that Tesla would have over 1 million robotaxis on the road next year, CNBC reported.
“I feel very confident predicting autonomous robotaxis for Tesla next year,” the tech guru said.
He added that the vehicles would not be “in all jurisdictions, because we won’t have regulatory approval everywhere, but I am confident we will have at least regulatory approval somewhere, literally next year.”
Musk went on to say that part of the reason he is so optimistic about robotaxis being on the streets so soon is because Tesla cars already on the streets are built with the hardware needed for self-driving cars, so improving the software is all the company would need to do to make the driverless cars happen.
The company currently offers Autopilot and Full Self-Driving features in its cars, which seem to indicate the company is on the cusp of making the driverless car a reality. According to the Tesla website, the features have many amazing abilities, including keeping a car within a lane, automatically changing lanes without driver input, self-parking when near a parking spot, and braking automatically.
In addition to robotaxis on the street, Musk also predicted that his company would be making cars without steering wheels or pedals in two years, Reuters reported.
Getting those vehicles on the streets won’t be easy, however. As Reuters noted, the technology involved with driverless vehicles faces many federal and local regulatory hurdles.
But the notion of working through bureaucratic red tape does not seem to bother Musk. He promoted the latest Tesla at the event, claiming his cars were the wave of the future.
“The fundamental message consumers should be taking away today is it’s financially insane to buy something other than a Tesla. It’s like buying a horse.”
Safety concerns are another issue. CNBC reported that at least three fatal accidents have occurred in the U.S. involving Tesla cars while the Autopilot feature was engaged.
In a statement on its website, Tesla said the Autopilot program does not prevent all accidents, but it makes them much less likely to happen. The company also said that the feature “unequivocally” makes the streets safer for everyone on them.
Lucid Motors Appoints Peter Rawlinson as CEO
Since joining Lucid in 2013, Rawlinson has held the position of Chief Technology Officer, being responsible for all design and engineering activities, including Lucid’s first car, the all-electric Lucid Air luxury sedan. Prior to Lucid, Rawlinson was Vice President of Vehicle Engineering and Chief Engineer of the Model S at Tesla. Prior to Tesla, he… Continue reading Lucid Motors Appoints Peter Rawlinson as CEO
Allison Transmission Acquires Vantage Power and AxleTech’s Electric Vehicle Systems Division
INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission Holdings Inc. (NYSE: ALSN), the largest global manufacturer of medium- and heavy-duty fully automatic transmissions, announced today that it has purchased Vantage Power and AxleTech’s electric vehicle (EV) systems division. Allison Transmission has a more than 103-year history of leading technological advancements: from James Allison owning the winning racecar of the Indianapolis… Continue reading Allison Transmission Acquires Vantage Power and AxleTech’s Electric Vehicle Systems Division
Waymo picks Detroit factory for self-driving fleet, to be operational by mid-2019
SAN FRANCISCO (Reuters) – Alphabet Inc’s Waymo said on Tuesday it had chosen a factory in Detroit to mass produce self-driving cars, looking to the historical heart of the auto industry to build the vehicles of the future. FILE PHOTO: Waymo CEO John Krafcik speaks on stage during the annual Google I/O developers conference in… Continue reading Waymo picks Detroit factory for self-driving fleet, to be operational by mid-2019
Hyundai Motor Group introduces smartphone based EV performance control technology
Hyundai Motor Group announced development of ‘smartphone-electric vehicle pairing based performance adjustment technology,’ which allows users to customize primary functions through a smartphone application. Drivers can use this technology to adjust seven performance features including the maximum torque output of the motor, ignition, acceleration and deceleration abilities, regenerative braking capacity, maximum speed limit, responsiveness, and… Continue reading Hyundai Motor Group introduces smartphone based EV performance control technology
Motorists Remain Loyal to Engine Type
Andreas Wolf, head of Continental Powertrain: Conservative attitudes must be considered when it comes to electric mobility When it comes to choosing the engine type for their next car, motorists tend to stick to what they know. According to the 2018 Continental Mobility Study, three out of four motorists in Japan would choose the same… Continue reading Motorists Remain Loyal to Engine Type
Mullen Technologies Presents The American Debut Of The Qiantu K50 At The 2019 New York International Auto Show
April 3rd, 2019 – Brea, California, USA Mullen Technologies Presents The American Debut Of The Qiantu K50 At The 2019 New York International Auto Show Mullen Technologies is pleased to announce the North American Debut of the Qiantu (meaning “Future” in Chinese) K50 at the New York Auto Show in April. This past December, Mullen… Continue reading Mullen Technologies Presents The American Debut Of The Qiantu K50 At The 2019 New York International Auto Show