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Autonomous Driving Startup Momenta Reaches a $1 Billion Valuation With New Funding Round

Autonomous Driving Startup Momenta Reaches a $1 Billion Valuation With New Funding Round

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.

Eric WalzOct 17, 2018 6:28 PM PT     

Arizona-Intel Collaboration to Launch Driverless Research Institute

Arizona-Intel Collaboration to Launch Driverless Research Institute

The institute is designed to bring together leaders in the self-driving sector, which includes car manufacturers, universities and state agencies.

Michael ChengOct 17, 2018 4:12 PM PT

Tesla Secures Site in Shanghai for $2 Billion Gigafactory, its First Factory Outside the U.S.

Tesla Secures Site in Shanghai for $2 Billion Gigafactory, its First Factory Outside the U.S.

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.

Eric WalzOct 17, 2018 12:25 PM PT       

German Automaker Audi Fined $927 Million for Diesel Emission Violations

German Automaker Audi Fined $927 Million for Diesel Emission Violations

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.

FutureCar Staff Oct 16, 2018 6:32 PM PT    

Dutch Battery Firm Investing $1.8 Billion in Chinese Plant to Make EV Battery Cells

Dutch Battery Firm Investing $1.8 Billion in Chinese Plant to Make EV Battery Cells

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.

FutureCar Staff Oct 16, 2018 5:39 PM PT   

Tesla CEO Elon Musk Officially Settles with the SEC for Misleading the Public

Tesla CEO Elon Musk Officially Settles with the SEC for Misleading the Public

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.

Eric WalzOct 16, 2018 1:11 PM PT    

Tritium Wants to Replace Gas Stations with EV Charging Stations

Tritium Wants to Replace Gas Stations with EV Charging Stations

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.

Michael ChengOct 16, 2018 11:33 AM PT

The Mercedes Benz Hydrogen-powered GLC F-Cell Now Available in Europe

The Mercedes Benz Hydrogen-powered GLC F-Cell Now Available in Europe

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.

FutureCar Staff Oct 15, 2018 4:34 PM PT     

BMW Teams Up with Sweden’s Northvolt for Sustainable EV Batteries

BMW Teams Up with Sweden’s Northvolt for Sustainable EV Batteries

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.

Eric WalzOct 15, 2018 12:51 PM PT      

California-based Vonnen has Built the First Ever Porsche 911 Hybrid

California-based Vonnen has Built the First Ever Porsche 911 Hybrid

California-based firm Vonnen now offers a plug-in hybrid conversion kit for any stock Porsche 911. The kit costs $75,000.

Manish KharintaOct 14, 2018 7:00 AM PT

American Center for Mobility in Michigan Loses Federal Proving Ground Designation

American Center for Mobility in Michigan Loses Federal Proving Ground Designation

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.

Vineeth Joel PatelOct 13, 2018 10:30 AM PT    

Mitsubishi Considers Vehicle-Deployed Drones

Mitsubishi Considers Vehicle-Deployed Drones

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.

Mia BevacquaOct 13, 2018 7:00 AM PT

NHTSA Moving to Allow Adaptive Headlamps on Motor Vehicles in the U.S.

NHTSA Moving to Allow Adaptive Headlamps on Motor Vehicles in the U.S.

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.

Eric WalzOct 12, 2018 5:53 PM PT      

Denmark Plans to Ban Sales of Petrol and Diesel Cars by 2030

Denmark Plans to Ban Sales of Petrol and Diesel Cars by 2030

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.

Michael ChengOct 12, 2018 2:08 PM PT

The Porsche Taycan Will Get Ultra-fast Supercharging that is 2X Faster Than Tesla's

The Porsche Taycan Will Get Ultra-fast Supercharging that is 2X Faster Than Tesla's

Porsche recently announced that its fully-electric Taycan will distinguish itself from its rivals by offering a new benchmark of rapid recharging time.

Manish KharintaOct 12, 2018 10:50 AM PT

BMW to Take Majority Control of its Chinese Joint Venture in $4 Billion Deal

BMW to Take Majority Control of its Chinese Joint Venture in $4 Billion Deal

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.

FutureCar Staff Oct 11, 2018 6:28 PM PT    

Automotive HUD Startup WayRay Raises $80M in Series C Funding

Automotive HUD Startup WayRay Raises $80M in Series C Funding

WayRay’s HUD incorporates hints of AR technology to boost visuals and safety. For instance, the unit is capable of tracking pedestrians crossing at intersections. It can also highlight dangerous obstructions on the road to ensure detection.

Michael ChengOct 11, 2018 5:00 PM PT

Mercedes to Offer Level-3 Autonomous Driving on the Next S-Class

Mercedes to Offer Level-3 Autonomous Driving on the Next S-Class

Luxury automaker Mercedes Benz announced that the next S-Class, the company’s flagship sedan, will offer Level 3 autonomous driving technology, allowing drivers to take their eyes off the road in certain situations. The technology will be made available in the next S-Class and will eventually be offered on other Mercedes models.

Eric WalzOct 11, 2018 11:47 AM PT       

General Motors to Utilize Wind Power to Manufacture Large Pickups and SUVs

General Motors to Utilize Wind Power to Manufacture Large Pickups and SUVs

General Motor’s large pickups and SUVs may be some of the automaker’s least fuel-efficient offerings, but the American brand is looking to reduce the vehicles’ impact on the environment by using wind power to run the plants where they’re built.

Vineeth Joel PatelOct 10, 2018 2:30 PM PT   

US-NHTSA to Update Guidelines for Testing Autonomous Vehicles

US-NHTSA to Update Guidelines for Testing Autonomous Vehicles

As the self-driving sector continues to mature, so does the guidelines surrounding various aspects of development.

Michael ChengOct 10, 2018 11:15 AM PT    

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