German aircraft manufacturer Volocopter announced that it signed the first closing of its 50 million euro ($55.2M) Series C funding round led by Chinese automaker Zhejiang Geely Holding Group (Geely Holding). Geely is the parent company of Swedish automaker Volvo. With the latest funding round, Geely Holding becomes a minority investor in Volocopter, along with existing investor Daimler AG.
Eric Walz2019-09-09 11:45 PT
The head of a broad coalition of Japanese, German and South Korean automakers warned on Friday that renewed punitive Chinese tariffs on U.S. autos would hurt U.S. vehicle exports to China and put U.S. jobs at risk.
FutureCar Staff 2019-08-23 16:02 PT
China’s Beijing Automotive Group Co Ltd (BAIC) has bought a 5% stake and voting rights in German automaker Daimler, as the company looks to fend off competition from rival automaker Geely.
FutureCar Staff 2019-07-23 11:05 PT
BMW and Daimler are looking to standardize autonomous driving technologies for once these vehicles are commercially deployed. Speaking at the Geneva Motor Show today, Klaus Froehlich, BMW’s board member responsible for development, said there should be an industry standard that can help to shape future regulation for self-driving cars.
FutureCar Staff 2019-03-06 13:15 PT
Daimler and BMW announced that they will work together on self-driving technology, hoping to harness the power of strength in numbers to speed up the development of autonomous driving technology.
Eric Walz2019-02-28 16:10 PT
German automakers BMW and Daimler AG, announced today they are joining forces with a $1 billion euros ($US1.1 billion) investment in a new joint venture to provide seamless urban mobility options to customers. The service is called “Your Now”. The two automakers are combining five separate joint ventures together under one mobility brand which will be accessible using a single smartphone app.
Eric Walz2019-02-22 13:55 PT
German automaker Mercedes Benz is deepening its partnerships with Chinese auto parts suppliers, as the automaker adds more electrified powertrains and connected technology to its luxury lineup, Mercedes-Benz executive Wilko Stark said on Thursday.
FutureCar Staff 2019-01-25 12:50 PT
German automakers BMW AG and Daimler AG have been rivals in the automotive industry for years. However, the two luxury automakers are in talks to work together and share key automotive technologies, such as batteries and autonomous driving technology.
FutureCar Staff 2018-12-21 11:37 PT
Executives from German automotive companies including BMW, Daimler and Volkswagen have been called to talks with White House economic adviser Larry Kudlow on Tuesday, a source familiar with the discussions told Reuters.
Xiaoli Tian2018-12-03 15:12 PT
Mercedes Benz delivered its first fuel cell vehicle to a customer in Germany, becoming the first automaker to deliver an all-electric vehicle that can run on hydrogen or battery power.
Eric Walz2018-11-13 11:47 PT
The Ford Motor Company and China’s Baidu launched a two-year project on Wednesday to test self-driving vehicles on Chinese roads. The move is another partnership between a tech company and established automaker in the race to develop autonomous driving technology.
Eric Walz2018-10-31 10:50 PT
Mercedes-Benz Vans unveiled an odd-looking autonomous concept vehicle called the Vision URBANETIC. The visionary concept is based on a self-driving, battery-powered chassis with an interchangeable body that can be swapped for specific uses.
Eric Walz2018-09-10 18:59 PT
At an event in Stockholm, the German automaker unveiled its EQC, the first fully-electric vehicle from the Mercedes Benz nameplate set to give Tesla some serious competition in the luxury electric segment.
Eric Walz2018-09-04 13:34 PT
Chinese digital mapping company NavInfo signed a seven-year agreement with German automaker Daimler to become its exclusive digital mapping supplier in China over the next seven years. Daimler will use NavInfo’s mapping technology to to develop autonomous driving systems on future models.
Eric Walz2018-08-31 12:43 PT
The moovel Group, a Daimler subsidiary providing Mobility-as-a-Service (MaaS), has reached five million users. The platform is growing in popularity and gained over two million users in the past year alone, a 71 percent increase since first launching in 2015.
Jacky Ho2018-08-02 17:41 PT
The German automaker and China’s internet search giant Baidu signed a Memorandum of Understanding (MOU) to expand their partnership through the open Apollo autonomous driving platform and to integrate Baidu’s vehicle connectivity services into Mercedes-Benz’s latest MBUX infotainment system.
Eric Walz2018-07-25 17:54 PT
Silicon Valley based semiconductor company Xilinx Inc. today announced a partnership with Daimler AG, on AI-based applications for Mercedes Benz vehicles. The two companies are collaborating on an in-car system using Xilinx’s programmable logic device devices using artificial intelligence (AI) processing for future Mercedes-Benz models.
Eric Walz2018-06-26 09:55 PT
Daimler, Audi and Volvo have become the first automakers to add Alibaba’s smart voice assistant Tmall Genie to the range of smart devices compatible with their connected car apps.
Eric Walz2018-04-23 17:54 PT
A group of automakers including Germany’s BMW, Daimler, VW and U.S. based Ford Motor Co. will open ultra-fast electric vehicle charging stations this year and plans a European EV charging network of 400 locations by 2020.
Eric Walz2017-11-03 11:33 PT
FutureCar Staff Sep 12, 2019 3:45 PM PT
Eric WalzSep 12, 2019 11:00 AM PT
Eric WalzSep 11, 2019 7:03 PM PT
Eric WalzSep 11, 2019 11:45 AM PT