Jun 13, 2019 5:25 PM WST
On Thursday, Florida Governor Ron DeSantis signed a bill that expands the testing and use of autonomous vehicles, allowing companies to test the vehicles without a human driver present.
Jun 11, 2019 3:08 PM WST
Venture capital firms continue to pour money into lidar companies, as the laser beam technology is quickly becoming an essential perception tool for driverless cars and other autonomous applications. Innoviz Technologies, an Israeli maker of advanced lidar sensors for self-driving cars, said it raised an additional $170 million in its latest investment round.
Workhorse, the EV Company Looking to Move Into GM’s Shuttered Ohio Plant Gets a $25 Million Cash InfusionJun 10, 2019 8:17 PM WST
Workhorse Group, the electric truckmaker that General Motors confirmed last month it was in negotiations with the company’s founder to purchase its shuttered assembly plant in Lordstown, Ohio has received a much-needed cash infusion.
Jun 07, 2019 12:39 PM WST
Toyota Motor Corp is speeding up its timeline of having half of its global vehicle sales electric. To support the ambitious new timeline, Toyota said will turn to Chinese suppliers to supply the batteries needed for the new crop of electric models.
Jun 05, 2019 4:37 PM WST
General Motors Chief Executive Mary Barra on Wednesday defended the automaker’s plan to sell an assembly plant in Ohio, arguing the plan to sell the plant to electric vehicle startup Workhorse Group Inc was thoroughly vetted and has a chance of succeeding.
Jun 05, 2019 12:31 PM WST
Electric performance car brand Polestar announced that its Polestar 1 electric car, its first ever model, is entering its final prototype state before heading to production.
Jun 03, 2019 3:30 PM WST
A new partnership was announced today between industry leading mapping and location platform service provider HERE Technologies and Total Traffic & Weather Network (TTWN), the largest provider of traffic, weather, news and sports reports. The partnership will offer drivers another way to help avoid traffic, by incorporating precise real-time traffic information from TTWN in location services provided by HERE.
May 30, 2019 5:00 AM WST
Israeli-based automotive sensor startup TriEYE Technologies LTD announced a $17 million investment from Intel Capital, the venture capital arm of chip-maker Intel. TriEYE is developing Short Wave Infrared (SWIR) imaging solutions for autonomous vehicles and other applications.
May 28, 2019 6:19 PM WST
Shares in Chinese electric automaker NIO Inc. closed up nearly 4 percent Tuesday, closing at $4.00 a share after the electric automaker posted first-quarter earnings and announced it will form a joint venture with an investment corporation called NIO China.
May 23, 2019 1:40 PM WST
A leaked email from Tesla CEO Elon Musk to employees revealed that Tesla might finally be solving many of its production and logistics problems. The email to employees noted that Tesla is on track to deliver a record number of cars in the second quarter.