Electric Car Brand Polestar Announces Plans for a Subscription Service & ‘Polestar Spaces’Oct 27, 2018 6:50 PM WST
At a event in New York, Polestar Performance AB announced details of how it will sell and market its electric vehicles—the Polestar 1 and Polestar 2. Polestar is the new performance luxury electric brand of Volvo Cars, wholly owned by China’s Zhejiang Geely Holding Group Co.
Uber in Talks to Buy Dubai-based Ride-Hailing Rival Careem for Around $2 BillionOct 24, 2018 1:09 PM WST
Ride-hailing company Uber Technologies Inc is in talks to buy Dubai-based rival Careem Networks FZ for around $2 billion to $2.5 billion, Bloomberg reported on Monday, citing people familiar with the matter.
Port of Los Angeles Awarded $41 Million for Hydrogen Fuel Cell Freight ProjectOct 21, 2018 3:43 PM WST
Toyota Motor North America is continuing its commitment to hydrogen fuel cell technology. The automaker is partnering with the Port of Los Angeles, truck maker Kenworth, and oil company Shell to launch a zero-emission, hydrogen fuel cell freight project under which it will supply powertrains and provide operational support.
French Energy Co Saft to Begin Producing Next-Gen EV Batteries by 2020Oct 20, 2018 12:46 PM WST
France's Saft, a subsidiary of energy company Total, expects to begin mass production of next-generation lithium ion batteries starting in early 2020. Saft is part of a four-way European battery alliance between Siemens AG, Manz AG and Belgian chemical company Solvay.
Renesas to Buy Silicon Valley-Based Integrated Device Technology Inc for $6.7 billionOct 18, 2018 1:18 PM WST
Japan’s Renesas Electronics Corp said it had agreed to buy Silicon Valley-based Integrated Device Technology Inc (IDT) for $6.7 billion, its second major acquisition as it looks to develop semiconductors and sensors used for self-driving cars.
Volvo Cars Cancels its Planned IPO Amid Ongoing Trade TensionsOct 17, 2018 12:22 PM WST
Volvo Cars has postponed its planned IPO, citing ongoing trade tensions and a decline in automotive stocks. The Swedish carmaker, which is owned by China’s Geely, hoped to list its shares by the end of the year.
Nissan & EVgo Open 'I-95 Fast Charging ARC' Connecting Boston and Washington DCOct 13, 2018 5:01 PM WST
A partnership between Nissan Motor Co and EVgo has made traveling between Boston and Washington DC, one of the busiest traffic corridors in the U.S., a little easier. Nissan and EVgo have announced completion of their planned ‘Fast charging ARC’ connecting the cities of Boston and Washington DC.
Volvo Calls for Universal Standard for Autonomous Car CommunicationOct 12, 2018 4:50 PM WST
With the new 360c autonomous concept, Volvo Cars is addressing one of the main challenges around the introduction of autonomous technology. Volvo is calling for a new, global standard in how autonomous vehicles communicate with all other road users.
Apple Self-Driving SUV Involved in Accident in Silicon ValleyOct 07, 2018 6:24 PM WST
Despite being one of the world’s most valuable tech companies, Apple’s self-driving cars are still a work in progress. The company reported that one of their self-driving development vehicles was involved in a collision near the company’s headquarters in Silicon Valley.