Daimler Trucks, a division in the Daimler AG, has purchased a majority stake in Torc Robotics, a Virginia company developing autonomous technology for the commercialization of level 4 self-driving trucks in the U.S.
Eric WalzMar 29, 2019 12:00 PM PT
In March, a total of 3,593 Model 3 sedans have been registered in Norway, making the electric vehicle the best-selling battery-powered vehicle in the country.
Vineeth Joel PatelMar 29, 2019 10:11 AM PT
Lyft Inc. will become the first ride-hailing company to go public. Ahead of its Friday IPO, Lyft is reportedly pricing its stock at $72 per share, according to the New York Times. A price of $72 per share would value the ride-hailing firm at $24.3 billion.
FutureCar Staff Mar 28, 2019 6:44 PM PT
Global auto parts supplier Aptiv, formally known as Delphi Automotive, announced today the full release of nuScenes, an open-source autonomous vehicle (AV) dataset. The dataset will help developers improve the safety of autonomous vehicles.
Eric WalzMar 28, 2019 2:53 PM PT
In an attempt to push local automakers to come out with new, innovative technology for electric vehicles, China is planning to scale back its subsidies on electric cars.
Vineeth Joel PatelMar 28, 2019 6:00 AM PT
Self-driving vehicles generate terabytes of data, which needs to be analyzed during the development process, so that deep-learning algorithms can make safer driving decisions and improve over time. The challenge for automakers is how to sort and analyze all of this data so it can be used more efficiently for self-driving vehicles. To address this problem, BMW is built its own IT platform it calls D3.
Eric WalzMar 27, 2019 5:15 PM PT
One of the most important pieces of hardware for self-driving vehicles is lidar and two emerging lidar startups announced this week they raised millions in new funding to supply the technology. Israeli startup Innoviz Technologies said on Tuesday it raised $132 million, bringing its total funding to $214 million, while San Francisco-based Ouster said on Monday it raised $60 million.
Eric WalzMar 26, 2019 7:07 PM PT
Los Angeles-based electric vehicle startup EVELOZCITY has changed its name to Canoo. The new company aims to be a boutique Californian brand offering four unique electric vehicles, each available as a subscription.
Eric WalzMar 26, 2019 1:12 PM PT
The emergence of virtual testing techniques for autonomous vehicles point to a maturing industry that is set to deliver promises of a functional, safe and exciting driverless future.
Michael ChengMar 26, 2019 6:00 AM PT
A federal judge in San Francisco dismissed for the second time a securities fraud lawsuit brought by Tesla shareholders alleging that the company’s CEO Elon Musk and other executives made misleading comments about the production status of its Model 3
FutureCar Staff Mar 25, 2019 4:37 PM PT
Financially strapped electric vehicle startup Faraday Future (FF) looked like it was on the brink of insolvency last week after selling off its California headquarters to generate enough funds to stay afloat. Now the struggling electric automaker has received a lifetime from Chinese Internet company and video game distributor The9 Limited (The9), an unlikely place for a EV startup.
FutureCar Staff Mar 25, 2019 1:49 PM PT
Tesla's Gigafactory 3 in Shanghai has entered into its first construction phase and the factory is starting to take shape very quickly.
Manish KharintaMar 24, 2019 10:31 AM PT
The self-driving shuttles will provide rides within the Brooklyn Navy Yard – a commercial site spanning 300 acres.
Michael ChengMar 24, 2019 6:00 AM PT
In its third reboot, electric vehicle startup Fisker Inc. plans to introduce a high volume EV, with a competitive price tag but no solid-state batteries just yet.
Manish KharintaMar 23, 2019 10:34 AM PT
Now that China has relaxed the 50 percent cap on foreign ownership, Daimler AG is looking to increase its increase its 49 percent stake in Beijing Benz Automotive, its JV with state-owned BAIC Group.
FutureCar Staff Mar 22, 2019 6:56 PM PT
General Motors today announced is investing $300 million in its Orion Township, Michigan, assembly plant to produce a new electric vehicle. The announcement is part of GM’s new commitment to invest a total of $1.8 billion in its United States manufacturing operations
FutureCar Staff Mar 22, 2019 1:55 PM PT
In an effort to keep up with its tremendous growth, Waymo announced that it will open a technical service center in Mesa, Arizona that will measure in at 85,000 square feet.
Vineeth Joel PatelMar 22, 2019 6:00 AM PT
NVIDIA CEO Jensen Huang delivered the opening keynote at this week’s annual GPU Technology Conference in San Jose, California to announce some of the company’s latest products and breakthroughs in fields such as autonomous driving, artificial intelligence and deep-learning. Among the highlights this year was the announcement of Nvidia’s latest autonomous driving platform called DRIVE AP2X, a complete level-2 autonomous driving platform.
Eric WalzMar 21, 2019 6:44 PM PT
On Wednesday, Tesla Inc. sued former employees of both Zoox and Xiaopeng Motors, accusing them of trade secrets theft related to autonomous vehicle technology. The pair of lawsuits was filed in U.S. District Court of Northern California in San Jose.
FutureCar Staff Mar 21, 2019 12:00 PM PT
“I don’t trust some computer to drive me around,” Trump told golf club members at his Bedminster club in 2017.
Vineeth Joel PatelMar 21, 2019 10:15 AM PT
Vineeth Joel PatelMay 16, 2019 9:57 AM PT
Eric WalzMay 15, 2019 5:00 PM PT
Eric WalzMay 15, 2019 10:00 AM PT
Michael ChengMay 15, 2019 5:00 AM PT