China-based autonomous driving startup Momenta has secured another $46 million in a new round of funding to reach a $1 billion valuation, becoming one of the first autonomous driving unicorns in China.
Oct 17, 2018 6:28 PM PT
The institute is designed to bring together leaders in the self-driving sector, which includes car manufacturers, universities and state agencies.
Oct 17, 2018 4:12 PM PT
Electric automaker Tesla has signed an agreement with the Shanghai government for a 860,000 square meter parcel of land where the electric automaker plans to build its first overseas Gigafactory, Tesla said in a Chinese social media post on Wednesday.
Oct 17, 2018 12:25 PM PT
German premium car brand Audi, a division of Volkswagen, said it was fined 800 million euros ($927 million) on Tuesday for emission violations tied to its six and eight-cylinder diesel engines. The massive fine is expected to cut into the company's profits for 2018.
Oct 16, 2018 6:32 PM PT
Dutch battery company Lithium Werks BV is investing 1.6 billion euros ($1.85 billion) in a massive lithium-ion battery factory in China to meet surging demand for electric vehicle batteries.Oct 16, 2018 5:39 PM PT
A U.S. judge approved Tesla's and Chief Executive Elon Musk's $40 million settlement with the U.S. Securities and Exchange Commission, resolving government claims that Musk misled the public with a number of tweets about plans to take the automaker private.Oct 16, 2018 1:11 PM PT
Earlier this month, the business welcomed Gilbarco Veeder-Root as a key investor in the company. This is significant, as the North Carolina-based establishment is one of the largest fuel dispenser and convenience store suppliers in the world.Oct 16, 2018 11:33 AM PT
Mercedes Benz has announced that its new GLC F-Cell, the company's first hydrogen powered vehicle, is available for customers to lease in Europe. Drivers in Germany can now lease the GLC for 799 euros ($917) a month.Oct 15, 2018 4:34 PM PT
German automaker BMW is partnering with Swedish battery company Northvolt and Belgian materials recycling group Umicore on a project to create a sustainable life cycle for the EV batteries used in future models, the companies said on Monday.Oct 15, 2018 12:51 PM PT
California-based firm Vonnen now offers a plug-in hybrid conversion kit for any stock Porsche 911. The kit costs $75,000.Oct 14, 2018 7:00 AM PT
The American Center for Mobility, also known as Willow Run in Ypsilanti Township in Ypsilanti, Mich., has lost its federal designation as a proving ground for autonomous-vehicle testing. So have nine other locations across the country.Oct 13, 2018 10:30 AM PT
For some time now, Mitsubishi Electric has been considering vehicle-deployed drones. The unmanned aircraft could be used for finding a parking spot, or scouting out the road ahead.Oct 13, 2018 7:00 AM PT
The U.S. National Highway Traffic Safety Administration (NHTSA) said on Thursday said it was moving to allow advanced headlights known as "adaptive driving beams" to be used in vehicles on U.S. roads that could help prevent crashes at night.Oct 12, 2018 5:53 PM PT
For hybrid vehicles, the estimated phase-out year is 2035. The plan will take some time to come to fruition, as approval is still needed from the parliament.Oct 12, 2018 2:08 PM PT
Porsche recently announced that its fully-electric Taycan will distinguish itself from its rivals by offering a new benchmark of rapid recharging time.Oct 12, 2018 10:50 AM PT
Now that the Chinese government is allowing foreign companies to take majority control of their Chinese joint ventures, BMW becomes the first automaker to take advantage of the new rules in a multi-billion dollar deal to take a majority stake in a joint venture with a Chinese company.Oct 11, 2018 6:28 PM PT
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Eric Walz Jul 25, 2018 5:54 PM PT