Premium Chinese EV Brand Zeekr Seeks to Raise $1 Billion in U.S. IPO, According to Sources
Newly launched electric vehicle brand Zeekr Intelligent Technology Ltd. ("Zeekr"), which is owned by Chinese automaker Zhejiang Geely Holding Group ("Geely"), aims to launch an IPO in the U.S. to raise capital from investors. Zeekr is planning to become a U.S.-listed company as early as the second quarter of 2023.
Eric Walz2022-12-12 12:30 PT
China's internet technology giant Baidu Inc. held its “Apollo Day” live-streamed technology event on Monday where the company shared its latest progress on autonomous driving. Among the announcements at Apollo Day were Baidu’s plans to launch the world's largest fully-autonomous ride-hailing service aptly named “Apollo Go” by next year and become the world’s biggest robotaxi operator.
Eric Walz2022-11-29 15:00 PT
General Motors announced on Friday its acquiring SoftBank Vision Fund’s equity ownership stake in San Francisco-based autonomous driving technology developer Cruise for $2.1 billion. As part of the massive investment, GM is separately making an additional $1.35 billion investment in Cruise, replacing a previous commitment made by the Softbank’s Vision Fund fund in 2018.
Eric Walz2022-04-24 17:00 PT
Autonomous driving technology developer Pony.ai completed its first close of a Series D funding round, which combined with its previous funding, pushed its valuation to $8.5 billion. Prior to the latest funding, The company secured a $400 million investment from Toyota in Feb 2020 and raised $367 in million Series C funding after. Pony.ai plans to commercialize robotaxis and self-driving trucks in China.
Eric Walz2022-04-13 10:00 PT
Alphabet Inc's autonomous driving unit Waymo is expanding its relationship with U.S. transportation and logistics company J.B. Hunt. The two companies have entered into a long-term, strategic alliance to commercialize autonomous driving technology for Class-8 trucks after a successful trials runs using self-driving trucks throughout 2021.
FutureCar Staff 2022-02-20 12:40 PT
Autonomous Driving Technology Developer AutoX Unveils its 'Robotaxi Assembly Line' in China
Autonomous driving technology developer AutoX has unveiled its robotaxi assembly line in China, where it plans to produce thousands of self-driving vehicles for autonomous mobility services in China. The robotaxis are being built using Chrysler Pacifica minivans from Fiat Chrysler Automobiles (FCA), which is the same vehicle being used by Waymo in the U.S. for its autonomous ride-hailing service.
Eric Walz2022-01-28 14:30 PT
Waymo is Deploying its Self-Driving Vehicles in New York City
Alphabet Inc’s autonomous driving arm Waymo is deploying its autonomous vehicles in New York City. Beginning tomorrow, Waymo’s mapping vehicles start mapping the city in preparation for a more widespread deployment of fully-autonomous vehicles. The company plans to launch an autonomous ride-hailing service in major U.S. cities called "Waymo One" that's similar to Uber and Lyft.
Eric Walz2021-12-10 07:30 PT
Autonomous Trucking Startup Inceptio Technologies Raises $270 Million in Latest Series B Round
Autonomous truck startup Inceptio Technologies announced Tuesday it closed on a US$270 million Series B equity financing round. The funding round was jointly led by Wisconsin-based trucking firm JD Logistics, Chinese e-commerce platform operator Meituan, and PAG, one of Asia’s leading investment firms.
FutureCar Staff 2021-09-09 16:15 PT
Autonomous Driving Startup Aurora Inc. to Go Public in a SPAC Deal With a $13 Billion Valuation
Autonomous driving startup Aurora Inc., co-founded by three industry veterans, plans to go public in a merger with special purpose acquisition company (SPAC) Reinvent Technology Partners Y, a firm led by LinkedIn co-founder Reid Hoffman and Mark Pincus, the founder of game developer Zynga. The transaction will value Aurora at roughly $13 billion and represents the latest high-profile SPAC deal.
Eric Walz2021-08-21 13:30 PT
Luxury-electric vehicle startup Lucid Motors announced it hired former Waymo Treasurer & Head of Investor Relations Sherry House, as Chief Financial Officer, along with three other industry veterans, as the company prepares for the launch of its first vehicle, the luxury-electric Lucid Air sedan.
Eric Walz2021-06-11 02:00 PT
China’s Tech Giant Baidu Registers a New ‘Intelligent EV Company’ with Automaker Geely
Chinese tech giant Baidu Inc, which is the equivalent of Google in China, is launching a new “intelligent EV company” with automaker Zhejiang Geely Holding Group (Geely), the parent company of automaker Volvo. The joint venture will focus on “New Energy Vehicles” (NEVs), which in China include fully-electric and plug-in hybrid models.
Eric Walz2021-04-08 16:15 PT
Japan’s Toyota Motor Corp is the latest automaker to partner with a tech startup on the development of autonomous driving technology. On Tuesday, Silicon Valley startup Aurora innovation Inc. announced a strategic partnership with Toyota to add autonomous driving capabilities to its future models, beginning with the popular Toyota Sienna minivan.
Eric Walz2021-03-19 09:30 PT
The Transportation Research Center (TRC Inc.) in Liberty, Ohio announced on Tuesday that its taking over day-to-day operations of the California AutoTech Testing and Development Center at the shuttered Castle Air Force Base in Merced, California, located about 115 miles east of Silicon Valley. The former Air Force base is currently home to Waymo’s 105-acre Autonomous Vehicle Test Center.
FutureCar Staff 2021-03-11 15:30 PT
There will be a few more self-driving test vehicles on the roads in Silicon Valley without drivers behind the wheel. China’s multinational internet technology company Baidu Inc. announced on Thursday that its been granted a permit from the California Department of Motor Vehicles (DMV) to test driverless vehicles without a safety driver behind the wheel on public roads in the state.
FutureCar Staff 2021-03-06 11:40 PT
In the final hours of his presidency, President Trump pardoned former Google engineer Anthony Levandowski who was one of most high profile engineers working on self-driving cars in Silicon Valley. Levandowski was accused of stealing trade secrets and other IP from Google then taking them to rival Uber in the days before his resignation. The U.S. Department of Justice filed criminal charges against Levandowski in Aug 2019 for the theft.
Eric Walz2021-02-26 09:30 PT
As one of the biggest tech companies, Apple Inc. makes some of the world’s most popular consumer electronics products, including laptops, iPhones, iPads, smartwatches and headphones. Now it looks as though Apple is planning to add an EV to its portfolio. The iPhone maker is targeting 2024 to build a passenger car that might include its own advanced EV battery technology, people familiar with the matter told Reuters on Monday.
Eric Walz2021-01-27 15:50 PT
California ride hailing company Lyft is teaming up with Boston-based Motional on an autonomous ride-hailing service in major cities across the U.S., the companies announced on Wednesday. Motional’s self-driving vehicles will be integrated, operationalized and deployed on the Lyft network. The services will launch in 2023.
FutureCar Staff 2021-01-22 11:30 PT
GM’s Autonomous Driving Division Cruise said it was deploying five self-driving vehicles in San Francisco without human backup drivers. Cruise chief executive Dan Ammann made the announcement in a conference call Wednesday morning. Cruise was granted a permit in October that allows it to test autonomous vehicles in the city without a driver behind the wheel.
Eric Walz2021-01-15 16:05 PT
China’s Baidu Granted Permit to Deploy Self-Driving Vehicles in Beijing Without Human Backup
On Friday, China's Baidu said it was granted a permit to deploy self-driving vehicles on public roads in Beijing without human backup drivers. The vehicles are being tested for Baidu’s planned commercial robotaxi service called “Apollo Go.” Baidu said obtaining the driverless testing permit in Beijing is a breakthrough that will help the company accelerate the large-scale deployment of autonomous driving technology across China.
Eric Walz2021-01-13 13:00 PT
Autonomous driving developer AutoX has launched its robotaxi service in China and the vehicles will be entirely driverless with no safety driver onboard, the company announced on Thursday. AutoX is one of the first companies to operate its ride-hailing fleet on public roads without drivers onboard. The AutoX fleet is made up of modified Chrysler Pacifica minivans.
Eric Walz2021-01-09 13:15 PT
Eric WalzDec 22, 2022 2:30 PM PT
Eric WalzDec 19, 2022 1:45 PM PT
Hyundai Gets Serious About Electric Performance Cars, Shows off Two Concepts
Vineeth Joel PatelDec 17, 2022 6:15 AM PT
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