Industrial manufacturing company Siemens has made a $25 million strategic investment for a minority stake in WiTricity, a wireless EV charging technology developer. As part of the investment, the two companies will work together to develop interoperable standards for the rollout of wireless EV charging infrastructure.
Eric WalzJul 16, 2022 10:00 AM PT
JiDU, the new intelligent electric vehicle (EV) company backed by China’s internet giant Baidu Inc and Volvo Cars’ parent company Zhejiang Geely Holding Group ("Geely"), unveiled its concept production “robocar” on Wednesday. The company says the futuristic vehicle is set to “revolutionize the automobile industry”, leading the way to an intelligent car era powered by advanced artificial intelligence.
Eric WalzJul 15, 2022 12:00 PM PT
Demand remains solid for the first vehicle from EV startup Fisker Inc. The electric automaker announced on Wednesday that customer reservations for the battery-powered Fisker Ocean SUV have reached 50,000. Fisker also shared new details about its second vehicle, the PEAR (“Personal Electric Automotive Revolution”), which will be an advanced urban EV.
Eric WalzJul 15, 2022 6:15 AM PT
Swedish automaker Volvo Cars recently announced that its upcoming vehicles will come with 3D in-car graphics powered by the Unreal Engine from Epic Games. The Unreal Engine is widely used in the film and gaming industries to create photorealistic 3D graphics. Volvo says the high-resolution graphics will offer a less distracting and easier viewing experience.
Manish KharintaJul 14, 2022 8:00 PM PT
Alphabet Inc's autonomous technology unit Waymo is partnering with Uber’s logistics business unit Uber Freight, which would see the two rivals working together to transform the trucking industry using autonomous trucks and a greater level of utilization and efficiency. Waymo is connecting its core autonomous driving technology with Uber’s logistics platform and will deploy its self-driving Class 8 trucks.
Eric WalzJul 14, 2022 10:45 AM PT
Electric performance automaker Polestar has announced that the world premiere of its next electric vehicle, the Polestar 3 electric-performance SUV, will be in Oct 2022. The company released the first image of the electric SUV on Tuesday, which will be built at Volvo's factory in South Carolina beginning in early 2023.
FutureCar Staff Jul 14, 2022 8:25 AM PT
iPhone maker Apple Inc. kicked off its 2022 Worldwide Developers Conference (WWDC) on Monday with a flood of new announcements, including an all new version of Apple CarPlay that syncs an iPhone with a vehicle for safer and smarter driving. Now that modern vehicles come with much larger screens, including a digital dashboard and center touchscreen display, Apple wanted to take advantage of this screen space that’s currently unused by CarPlay, so the next-gen version will do just that.
Eric WalzJul 13, 2022 2:45 PM PT
Solid state battery startup Solid Power announced the completion of its pilot production line that will produce the first advanced battery cells for electric vehicles that can deliver longer ranges. The company has dubbed it the “EV cell pilot line”. Solid Power will produce the first energy dense Silicon EV Cells for internal testing before delivering them to its automotive partners BMW and Ford Motor Co. for further automotive qualification testing.
Eric WalzJul 13, 2022 9:30 AM PT
General Motors’ autonomous subdivision will start charging for rides in its self-driving vehicles in San Francisco, California.
Vineeth Joel PatelJul 12, 2022 6:00 AM PT
With the new price tag, the 2023 Chevrolet Bolt EV becomes the most affordable electric car in the U.S.
Vineeth Joel PatelJul 11, 2022 7:00 AM PT
In March, Japan's public broadcaster NHK reported that Panasonic Corp was looking to purchase land in the United States for a "mega-factory" that will churn out advanced electric vehicle batteries for electric automaker Tesla. Now after two months, the Japanese company is reportedly close to selecting which U.S. state will be the home of its new factory.
FutureCar Staff Jul 10, 2022 12:10 PM PT
Tesla Chief Executive Elon Musk announced that he wants to reduce Tesla’s workforce by 10%, equal to roughly 10,000 jobs. Musk cites economic uncertainty for the plans to reduce Tesla’s workforce and wrote that he has a "super bad feeling" about the economy in the email to executives.
Eric WalzJul 10, 2022 9:30 AM PT
Chinese automaker Zhejiang Geely Holding Group ("Geely") conducted its first successful satellite launch on Wednesday, sending nine satellites into orbit that will provide more accurate navigation for autonomous vehicles with centimeter level precision. Geely was granted approval in Feb 2021 to launch a network of LEO satellites that it said would support Vehicle-to-vehicle (V2V) and Vehicle-to-everything (V2X) communications for self-driving vehicles.
Eric WalzJul 09, 2022 11:15 AM PT
Representatives from Ford Motor Company and the United Auto Workers (UAW) announced plans to add more than 6,200 new U.S. manufacturing jobs in the Midwest as the automakers ramps up vehicle production. Ford is investing $3.7 billion in its manufacturing facilities in Ohio, Michigan and Missouri to prepare them to produce the new vehicles, including an all-new Mustang.
FutureCar Staff Jul 09, 2022 8:45 AM PT
Toyota’s new in-car “Intelligent Assistant” is a highly advanced voice activated assistant that can learn a driver’s commands and get smarter over time. It’s available for both the Toyota Audio Multimedia and Lexus Interface, including the 2022 like the Toyota Tundra and Lexus NX. Toyota says that the rollout of these intelligent connected services will transform it from an automotive company to a mobility company.
Eric WalzJul 08, 2022 3:30 PM PT
Electric sports car maker Rimac Group (“Rimac”) has raised $500 million Euro in its latest Series D funding round. The funding round was led by SoftBank Vision Fund 2 and the Private Equity business within Goldman Sachs Asset Management, with participation from existing Rimac shareholders InvestIndustrial and automaker Porsche.
Eric WalzJul 08, 2022 11:00 AM PT
General Motors division Buick will become a fully-electric brand by the end of the decade. The automaker also announced that the first of these new Buick EVs will debut in 2024. Buick’s future EV products will also carry the "Electra" name, drawing inspiration from the brand’s history.
FutureCar Staff Jul 08, 2022 8:30 AM PT
Recently, Lucid Group CEO and CTO Peter Rawlinson offered a thorough breakdown of how the Lucid's automotive engineering teams created one of the most spacious vehicle interiors for a vehicle of this size. Lucid had to devise a way to fit all the Air's electrical components into a relatively short wheelbase, without compromising the cabin space or affecting the ride and handling characteristics of the vehicle.
Manish KharintaJul 08, 2022 7:30 AM PT
BMW i Ventures announced today an investment in the Series B funding round of next-generation blockchain company Vendia. The company developed a serverless, distributed data and code-sharing platform that allows businesses to securely share data with their partners. Vendia’s blockchain technology can be used by automakers like BMW to securely share vehicle data with its trusted partners in real-time across applications, datastores and the cloud.
Eric WalzJul 07, 2022 1:00 PM PT
Automaker Stellantis is partnering with Toyota Motor Europe on a new large-size commercial van, which will also be offered in a fully-electric version. The new vehicle will round out the lineup of vans produced as part of the agreement between the two automakers, which also includes a compact, mid-size commercial vehicle for the European market.
FutureCar Staff Jul 07, 2022 10:30 AM PT
FutureCar Staff Dec 01, 2023 3:14 PM PT
FutureCar Staff Dec 01, 2023 8:19 AM PT