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Lidar Startup Luminar Technologies Inc. Launches IPO, Making its 25-Year-Old Founder One of the World's Youngest Billionaires

Lidar Startup Luminar Technologies Inc. Launches IPO, Making its 25-Year-Old Founder One of the World's Youngest Billionaires

With billions of dollars pouring into electric vehicle stocks and related technology for self-driving cars, companies are turning to Wall Street to raise capital. The latest IPO in the space is lidar startup Luminar Technologies Inc. The lidar company has completed its business combination with a special purpose acquisition company (SPAC) Gores Metropoulos, Inc. to become a public company listed on the NASDAQ.

Eric WalzDec 04, 2020 11:50 AM PT      

Robotaxi Startup AutoX is Now Picking Up Passengers in its Autonomous Vehicles Without Safety Drivers

Robotaxi Startup AutoX is Now Picking Up Passengers in its Autonomous Vehicles Without Safety Drivers

​Autonomous driving developer AutoX has launched its robotaxi service in China and the vehicles will be entirely driverless with no safety driver onboard, the company announced on Thursday. AutoX is one of the first companies to operate its ride-hailing fleet on public roads without drivers onboard. The AutoX fleet is made up of modified Chrysler Pacifica minivans.

Eric WalzDec 03, 2020 1:15 PM PT      

A Closer Look at Tesla's New 4680 Cell Battery Pack

A Closer Look at Tesla's New 4680 Cell Battery Pack

​Tesla's new battery technology has generated a lot of excitement in the EV industry. Here’s what you need to know.

Manish KharintaDec 03, 2020 3:05 AM PT

Nexteer & Continental Joint Venture Company Develops ‘Brake-to-Steer’ Technology for Autonomous Vehicles

Nexteer & Continental Joint Venture Company Develops ‘Brake-to-Steer’ Technology for Autonomous Vehicles

CNXMotion, the joint venture company of global auto supplier Continental and Michigan-based automotive motion control developer Nexteer Automotive, has announced the development of a new “Brake-to-Steer” (BtS) technology for automated vehicles or vehicles equipped with advanced driver assist systems (ADAS). The technology adds another layer of redundancy by using a vehicle’s electronic brake system to safely steer the vehicle while simultaneously controlling its speed.

FutureCar Staff Dec 02, 2020 4:45 PM PT        

Hyundai Reveals its New Dedicated ‘E-GMP’ Platform to Support its Goal to Become a Global EV Leader

Hyundai Reveals its New Dedicated ‘E-GMP’ Platform to Support its Goal to Become a Global EV Leader

Hyundai Motor Group’s plans to introduce a total of 23 electrified models over the next several years, so the company built a dedicated EV platform to serve as the foundation for its future battery-electric vehicles. The automaker revealed its new modular Electric-Global Modular Platform (E-GMP) on Wednesday. The E-GMP represents an entirely new way of building vehicles for Hyundai.

Eric WalzDec 02, 2020 11:45 AM PT      

China’s Rising EV startup NIO Reports a Record Number of November Deliveries

China’s Rising EV startup NIO Reports a Record Number of November Deliveries

On Tuesday, electric vehicle startup NIO reported it delivered 5,291 vehicles during the month of November, its highest number ever. The record deliveries represent a 109.3% year-over-year growth. NIO said it's in the process of accelerating its production capacity this month to accommodate the growing demand for its electric vehicles.

Eric WalzDec 01, 2020 4:30 PM PT    

Tesla Challenger Lucid Motors Completes Phase 1 Construction of its ‘Future Ready’ EV Factory in Arizona

Tesla Challenger Lucid Motors Completes Phase 1 Construction of its ‘Future Ready’ EV Factory in Arizona

​California electric vehicle startup Lucid Motors has completed the first phase of construction of its advanced factory in Casa Grande, Arizona, the company announced on Tuesday. The company calls the new facility “Lucid AMP-1”, which stands for Advanced Manufacturing Plant. Lucid says its Arizona factory is the first dedicated solely to electric vehicle production in North America.

Eric WalzDec 01, 2020 11:55 AM PT     

General Motors Signs New Agreement with Hydrogen Fuel Cell Truck Developer Nikola Corp, it Does Not Include Building the Badger Pickup

General Motors Signs New Agreement with Hydrogen Fuel Cell Truck Developer Nikola Corp, it Does Not Include Building the Badger Pickup

Nikola Corporation announced today the signing of a non-binding Memorandum of Understanding (MOU) with U.S. automaker General Motors for a global supply agreement for the integration of GM’s Hydrotec fuel-cell system into Nikola’s Class 7 and Class 8 commercial semi-trucks. Nikola said the MOU does not include GM's previously intended $2 billion equity stake or manufacturing the Nikola Badger electric pickup truck.

Eric WalzNov 30, 2020 3:15 PM PT

Tesla Granted Permission to Sell its Shanghai-made Model Y Crossover in China

Tesla Granted Permission to Sell its Shanghai-made Model Y Crossover in China

​After becoming the world’s most valuable car company in 2020 with a market cap topping $400 billion, Tesla is aggressively working to expand its manufacturing footprint in China, which is the world’s biggest auto market. The California company was just given the green light to sell the Model Y crossover in China. The EV will be built at Tesla's Shanghai factory.

FutureCar Staff Nov 30, 2020 12:00 PM PT     

California to Allow Companies to Charge for Rides in Autonomous Cars

California to Allow Companies to Charge for Rides in Autonomous Cars

The California Public Utilities Commission (CPUC) recently announced that autonomous ride-hailing companies would be able to charge consumers to use their driverless vehicles.

Vineeth Joel PatelNov 30, 2020 8:30 AM PT   

Consumer Reports Study Finds EVs Suffer From Pesky Reliability Problems

Consumer Reports Study Finds EVs Suffer From Pesky Reliability Problems

New platforms, powertrains, and high-tech features make electric vehicles, even ones from mainstream brands, prone to have reliability issues over gas-powered cars.

Vineeth Joel PatelNov 29, 2020 7:40 AM PT  

General Motors Changes Course, Sides With California on Fuel Economy Regulations

General Motors Changes Course, Sides With California on Fuel Economy Regulations

With the incoming Biden Administration, General Motors has decided to no longer back President Donald Trump in his effort to stop California from setting its own emissions regulations.

Vineeth Joel PatelNov 28, 2020 7:40 AM PT   

Silicon Valley EV Battery Developer QuantumScape Debuts on Wall Street After its Merger with Kensington Capital

Silicon Valley EV Battery Developer QuantumScape Debuts on Wall Street After its Merger with Kensington Capital

Silicon Valley-based solid state battery developer QuantumScape is now officially a publicly traded company after its debut on the New York Stock Exchange (NYSE) on Friday. QuantumScape is also backed by automaker Volkswagen and Microsoft co-founder Bill Gates via his venture capital firm Breakthrough Energy Ventures, which Gates founded in 2015 to help accelerate innovations in sustainable energy.

Eric WalzNov 27, 2020 4:15 PM PT      

Tesla is the Focus of Another Probe by the NHTSA for Suspension Safety Issues

Tesla is the Focus of Another Probe by the NHTSA for Suspension Safety Issues

Electric vehicle manufacturer Tesla has been the focus of numerous investigations by the NHTSA in the past and now the California company finds itself under investigation once again. The NHTSA said on Friday it had opened a preliminary investigation involving 115,000 Tesla models after receiving 43 complaints about failure of the left or right front suspension fore links.

Eric WalzNov 27, 2020 12:45 PM PT     

The Tesla Model 3 Will Now Share More Components with the Model Y Crossover

The Tesla Model 3 Will Now Share More Components with the Model Y Crossover

To help streamline production, the Tesla Model 3 will now share new components with the Model Y crossover.

Manish KharintaNov 26, 2020 9:00 AM PT

Elektrobit Unveils an Industry First Software-based Vehicle Architecture Platform for Next-Gen Vehicles

Elektrobit Unveils an Industry First Software-based Vehicle Architecture Platform for Next-Gen Vehicles

​Automotive electronics and embedded software supplier Elektrobit (EB) announced its new software platform called “EB xelor”, which the company says is an industry-first platform designed to streamline the development of next-generation automotive electronics architectures that will be based on high-performance computing (HPC). The xelor software platform can support features developed by different automakers.

Eric WalzNov 25, 2020 2:30 PM PT     

EV Startup Lucid Motors Announces the ‘Air Pure’ the More Affordable Version of its Luxury Air Sedan

EV Startup Lucid Motors Announces the ‘Air Pure’ the More Affordable Version of its Luxury Air Sedan

California luxury electric vehicle startup Lucid Motors today announced the official name of its entry-level Lucid Air model—the Lucid Air Pure. The electric sedan will be the lowest priced model from Lucid Motors starting at $69,900 after the $7,500 federal EV tax credit.

FutureCar Staff Nov 24, 2020 2:30 PM PT     

Tesla’s Market Value Tops $500 Billion as the Company Nears its S&P 500 Debut

Tesla’s Market Value Tops $500 Billion as the Company Nears its S&P 500 Debut

Electric automaker Tesla has further cemented its place as the world’s most valuable car company by far. The company’s stock continues to surge despite the worsening pandemic and is up nearly 5% to $546.59 on Tuesday pushing Tesla’s market cap over $500 billion to $518 billion.

Eric WalzNov 24, 2020 11:10 AM PT    

The U.S. EPA Officially Certifies Ford’s Fully-Electric Mach-E Range of 300 Miles

The U.S. EPA Officially Certifies Ford’s Fully-Electric Mach-E Range of 300 Miles

​Ford Motor Company’s first fully-electric Mach-E SUV will have an EPA estimated range of 300 miles. On Monday, Ford announced the U.S. Environmental Protection Agency (EPA) has certified range numbers for several variants of the all-electric 2021 Mustang Mach-E. According to the data, Ford has met all of its EPA estimated range targets for its first fully-electric vehicle.

FutureCar Staff Nov 23, 2020 12:25 PM PT     

General Motors Forced to Recall Nearly 6 Million Vehicles Due to Defective Takata Airbags

General Motors Forced to Recall Nearly 6 Million Vehicles Due to Defective Takata Airbags

​U.S. automaker General Motors will recall millions of vehicles due faulty airbag inflators, which can injure occupants if the vehicle’s airbags are deployed during an accident. The airbags in question were supplied by Japanese auto supplier Takata Corporation and are installed in GM vehicles beginning in the 2007 model year through 2014.

Eric WalzNov 23, 2020 10:45 AM PT      

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