Tag: M and A

China Turns To CHAdeMO For Fast Charging: Single Unified Standard

CHAdeMO signs an MoU with China Electricity Council (CEC) for co-development of next generation ultra-fast EV charging standard New ultra-fast charging standard will ensure backward compatibility with both current CHAdeMO and GB/T standards, in order not to penalize current EV users Both Japanese and Chinese governments support this industry initiative, which is expected to lead… Continue reading China Turns To CHAdeMO For Fast Charging: Single Unified Standard

Four Toyota group firms to form JV for self-driving tech: Nikkei

TOKYO (Reuters) – Four Toyota Motor Corp (7203.T) group firms will form a joint venture to combine their self-driving technologies to better compete with automotive component giants such as Bosch Group [ROBG.UL], the Nikkei business daily reported on Friday. A Toyota Motor Corp logo is pictured in a showroom in Tokyo June 24, 2010. REUTERS/Yuriko… Continue reading Four Toyota group firms to form JV for self-driving tech: Nikkei

Fire contained at Tesla’s car production factory in California

(Reuters) – A minor fire on the grounds of the Tesla Inc factory in California on Thursday evening was contained by the Fremont fire department, a Tesla spokesperson told Reuters. FILE PHOTO – Cars pass by the Tesla Inc. Gigafactory 2, which is also known as RiverBend, a joint venture with Panasonic to produce solar… Continue reading Fire contained at Tesla’s car production factory in California

VW Gets Really Serious About Tech Acquisitions

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Carmera, the mapping startup for autonomous vehicles, raises $20 million

Autonomous vehicles need more than a brain to operate safely in a world filled with obstacles. They need maps. Or more specifically, self-driving vehicles need maps that constantly refresh and can deliver important information — like that sudden lane closure due to construction or a double-parked vehicle — so they can take the safest and… Continue reading Carmera, the mapping startup for autonomous vehicles, raises $20 million

Southeast Asia’s Grab plans electric vehicle push

Grab, the ride-hailing company that consumed Uber’s business in Southeast Asia, today made a big push to grow the number of electric vehicles in its fleet after it partnered with energy supplier Singapore Power. The deal will see Grab add 200 new ‘fast-charging’ EVs to its fleet in Singapore with SP providing “preferential” pricing at the… Continue reading Southeast Asia’s Grab plans electric vehicle push

La Trobe University completes driverless Autonobus trial

Melbourne’s La Trobe University has detailed findings of what it called successful on-campus trials of Navya’s driverless “Autonobus” shuttle, which uses 360-degree cameras and sensor systems to detect objects and runs a set route based on map coordinates. A report on the trial by La Trobe and its project partners includes a number of recommendations,… Continue reading La Trobe University completes driverless Autonobus trial

A new unicorn is born: Root Insurance raises $100 million for a $1 billion valuation

Root Insurance, an Ohio-based car insurance startup with a tech twist, said Wednesday it has raised $100 million in a Series D funding round led by Tiger Global Management, pushing the company’s valuation to $1 billion.  Redpoint Ventures, Ribbit Capital and Scale Venture Partners all participated as follow-on investors in this latest round. The car… Continue reading A new unicorn is born: Root Insurance raises $100 million for a $1 billion valuation