Robin Li, the co-founder and CEO of Chinese internet technology company Baidu Inc, said it’s more likely that Level-4 autonomous vehicles (AVs), not Level-3 AVs, will be the first to enter commercial use as robotaxis. While automakers will continue to develop L2 systems for passenger vehicles. Li shared his thoughts on the industry in a speech at the World Artificial Intelligence Conference 2022 (WAIC 2022) this week in Shanghai.
Eric Walz2022-09-02 12:00 PT
StradVision, a developer of AI-powered computer vision perception systems for autonomous vehicles and advanced driver assist systems (ADAS), announced today it closed on its latest Series C funding round of $88 million. The latest round brings StradVision’s total funding to $129 million. The company says it's accelerating the deployment of fully autonomous vehicles by providing automakers with powerful perception technology at a fraction of the cost of its competitors.
Eric Walz2022-08-09 15:00 PT
Lidar developer Innoviz Technologies Ltd, which is among one of the leading developers of the laser technology for advanced driver assist systems (ADAS) and autonomous driving, has landed a major supply deal with Volkswagen’s software unit CARIAD. The lidar sensors supplied by Innoviz will be a part of CARIAD's software-based vehicle architecture and operating system that will serve as the foundation for millions of Volkswagen’s future EVs.
Eric Walz2022-08-02 11:15 PT
Qualcomm Ventures, the venture capital arm of Qualcomm, has made an investment in ThunderX, a subsidiary of Thunder Software Technology Co.,Ltd. (ThunderSoft), which is a China-based company specializing in vehicle computing platforms. The company plans to develop an open intelligent driving platform for automakers that can be mass produced.
Eric Walz2022-07-15 10:30 PT
Intel's autonomous driving technology unit Mobileye has put its U.S. IPO plans on hold. With the current global market conditions, taking the company public in the upcoming months would not be beneficial, according to Mobileye founder and CEO Amnon Shashua. Intel purchased Mobileye for $15.3 billion in 2017 in its push into the automotive space.
Eric Walz2022-07-11 09:15 PT
Pony.ai to Launch Robotaxis in China With Ontime, the Ride-Hailing App of Automaker GAC Group
Autonomous driving technology developer Pony.ai is expanding its presence in China in a new partnership with automaker GAC, which is China’s fifth largest carmaker and a longtime Pony.ai partner. As part of the close collaboration with GAC, Pony.ai will deploy its autonomous vehicles on the automaker’s "Ontime" ride-hailing app. The new collaboration with GAC will help to accelerate the commercialization of autonomous mobility in China.
Eric Walz2022-04-26 08:30 PT
Toyota’s Woven Planet Holdings, which is working on advanced technology for the automaker including autonomous driving, is taking a new camera-based approach in advancing its self-driving development without the use of expensive vehicle sensors such as lidar, Reuters reported on Wednesday. The team at Woven Planet views it as a "breakthrough" that may help drive down costs and better scale Toyota’s autonomous driving technology.
Eric Walz2022-04-06 10:45 PT
StradVision, a company developing AI-powered computer vision technology for autonomous vehicles and advanced driver assist systems (ADAS), announced today that German automotive technology supplier ZF Friedrichshafen AG ("ZF") has acquired a 6% stake in the company. As part of the investment, the two companies will expand their portfolios of perception technology for autonomous vehicles.
Eric Walz2022-03-29 11:00 PT
Chipmaker Intel Corp plans to take its autonomous driving unit Mobileye public. The company said on Monday that Mobileye, which Intel acquired for $15.3 billion in 2017, has confidentially filed paperwork for an initial public offering in the United States. The IPO could value Intel's self-driving technology unit at more than $50 billion.
Eric Walz2022-03-07 11:55 PT
China’s XPeng Sets Up a New Autonomous Driving Company for Robotaxis
Electric vehicle startup XPeng has established an autonomous driving subsidiary named “Guangzhou Pengxu Autonomous Driving Technology Co., Ltd.” that will focus on commercial mobility services, Chinese news outlet Gasgoo reports. During Xpeng’s Q3 financial report conference in Nov 2021, XPeng chairman and CEO He Xiaopeng, said the company plans to launch its own robotaxi service in the second half of 2022.
FutureCar Staff 2022-02-22 16:00 PT
The Apollo Go robotaxi service launched by China's internet technology giant Baidu Inc. has expanded to Shenzhen’s Nanshan District, providing autonomous robotaxi services to commuters there for the first time. Shenzhen becomes the seventh major city where Baidu has introduced its robotaxi ride-hailing services in China, following previous launches in Beijing, Shanghai, Guangzhou, Chongqing, Changsha, and Cangzhou.
Eric Walz2022-02-17 16:15 PT
Toyota Awarded More U.S. Patents Than Any Other Automaker in 2021
Japan’s Toyota Motor Corp was awarded the most U.S. patents than any other automaker in 2021, according to a recent annual ranking by the Intellectual Property Owners Association (IPO), an industry trade group for owners of patents, trademarks, copyrights and other trade secrets. A majority of the patents secured by Toyota were related to electric vehicles, battery technology, autonomous driving systems, software and AI.
Eric Walz2022-01-31 09:45 PT
Baidu & Geely’s New Smart Electric Vehicle Company JiDU Raises $400 Million in Series A Round
Newly formed intelligent electric vehicle company JIDU announced that it has closed on $400 million in Series A financing. The funding round was backed by China’s internet giant Baidu Inc and its strategic partner automaker Zhejiang Geely Holding Group ("Geely"). JIDU is committed to creating a revolutionary electric vehicle that combines “intelligence and emotion”, which it says will lead to a profound change in personal transportation.
Eric Walz2022-01-26 09:00 PT
Automotive supplier Bosch and the Volkswagen Group’s automotive software subsidiary CARIAD have agreed to form an extensive partnership to jointly develop a state-of-the-art, standardized software platform for future Volkswagen vehicles. The goal of the new partnership is to make SAE Level-2 and 3 autonomous driving capabilities for vehicles sold under the Volkswagen Group brands suitable for volume production.
FutureCar Staff 2022-01-25 16:15 PT
Honda Invests in Software Startup Helm.ai to Strengthen its Computer Vision and AI Development
Honda Motor Co. has made an investment in Silicon Valley-based software company Helm.ai in order to strengthen its software development in the fields of computer vision and artificial intelligence (AI). Helm.ai has been collaborating with Honda since 2019 through its "Honda Xcelerator," a global open innovation program that supports startups working on innovative technology.
Eric Walz2022-01-21 11:00 PT
Autonomous driving technology developer Pony.ai, which is planning to launch a robotaxi service in China using a fleet of self-driving Toyota Sienna minivans, announced the development of a complete autonomous driving computing unit built on NVIDIA’s powerful Orin system-on-a-chip (SoC). The processor is Pony.ai’s 6th generation autonomous driving system and is designed for automotive-grade mass production.
Eric Walz2022-01-20 12:15 PT
Mercedes-Benz to Partner With Luminar on LiDAR for Autonomous Driving
Luxury car maker Mercedes Benz today announced its is partnering with lidar developer Luminar Inc to supply lidar for its future autonomous driving systems. Mercedes-Benz will leverage Luminar's lidar technology with the aim to scale the technology and integrate it into series production vehicles.
Eric Walz2022-01-20 08:45 PT
Volvo Cars announced on Wednesday that its new autonomous driving feature called “Ride Pilot” can operate safely without human oversight. The automaker plans to offer the feature on vehicles in California first, before rolling its out to other regions. The name "Ride Pilot" implies that when the car is driving on its own, Volvo Cars takes full responsibility for all of the driving tasks.
Eric Walz2022-01-06 09:15 PT
Chinese automaker BYD and self-driving technology startup Momenta have established a new joint venture to deploy autonomous driving technology across BYD car model lines. The new company, named DiPi Intelligent Mobility Co., combines BYD's capabilities as an automaker and the ability to manufacture vehicles at scale with Momenta's experience in autonomous driving.
Eric Walz2021-12-27 12:20 PT
Germany's car watchdog has cleared the semi-autonomous driving system offered by Mercedes Benz, paving the way for the luxury carmaker to begin offering its “Drive Pilot” autonomous driving system internationally. Mercedes-Benz will become the first automotive company in the world to meet the demanding legal requirements for a Level 3 system that can operate without needing a driver to pay attention to the road at all times.
Eric Walz2021-12-09 10:00 PT
Prices For Used EVs Continue to Rise as Gas Cars Drop
Vineeth Joel PatelAug 29, 2022 8:00 AM PT
Rivian Discontinues Base Model for R1S, R1T
Vineeth Joel PatelAug 28, 2022 7:45 AM PT
Tesla Believes Its Dojo AI System Will Help It Win the Self-Driving Car Race
Vineeth Joel PatelAug 27, 2022 7:30 AM PT
Mercedes-Benz Begins Production of the Highly Anticipated EQS Electric SUV in Alabama
Eric WalzAug 26, 2022 10:30 AM PT
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