Alliance Ventures, the strategic venture capital arm of Renault-Nissan-Mitsubishi, has become the lead strategic investor of WeRide.ai (formerly JingChi.ai), a Chinese autonomous driving company focused on L4 self-driving technology, following completion of the companyâ€™s Series A funding.
Ford Motor Company and Baidu, Inc. announced the commencement of a two-year joint autonomous vehicle test project, under which the two companies will further advance the development and on-road testing of autonomous vehicles in China.
As an innovative incentive to promote e-mobility, the Austrian Government has raised the speed-limit for electric vehicles being driven on highways by 20 mph to 80 mph as opposed to the 60 mph speed limit for their fossil fuel powered counterparts.
Toyota Motor Corporation (Toyota), Toyota Research Institute-Advanced Development, Inc. (TRI-AD), and Tokio Marine & Nichido Fire Insurance Co., Ltd. (Tokio Marine & Nichido) announced their agreement to establish a business alliance to develop advanced automated driving technology.
˜The Electrified Automotive Future and its Relationship to Architecture was the subject of an evening hosted by Jaguar design and a group of London's leading RIBA architects, planners, property developers and infrastructure experts.
ParkMobile, a provider of smart parking and mobility solutions in North America, announced the launch of new service in the Westwood Village area of Los Angeles. This is part of an expanded relationship with LADOT to improve parking around the city.
The Volkswagen Group, Mobileye, an Intel Company, and Champion Motors announced plans to deploy Israelâ€™s first self-driving ride hailing service â€“ or Mobility-as-a-Service (MaaS) â€“ starting next year. For this, the partners are planning to establish a joint venture.
Infineon Technologies AG and XAIN have agreed to work together on bringing blockchain technology into the car. The Munich based semiconductor maker and the Berlin-based start-up have signed a corresponding Memorandum of Understanding at Infineonâ€™s 1st Automotive Cybersecurity Forum, taking place in Munich.
Innovusion, a developer of LiDAR technology for the autonomous vehicle markets, announced it has raised about $30 million in Series A funding, co-led by NIO Capital and Eight Roads Ventures in China, and F-Prime Capital in the U.S., in addition to seed round from Gaorong Capital and other strategic investors.
A new technology hub was created for Daimler Trucks & Buses to increase its tech expertise and to facilitate and support global initiatives within the Daimler group. For this new company, the city of Lisbon was selected.
Chinese Car Manufacturer, Great Wall Motor (GWM), has signed a Memorandum of Understanding with H2 Mobility to become its seventh shareholder and co-owner. It will contribute additional investment to the company and acquire a minority share in H2 Mobility. GWM thereby joins the six existing shareholders, namely Air Liquide, Daimler, Linde, OMV, Shell and Total.
Audi and Umicore have successfully completed phase one of their strategic research cooperation for battery recycling. The two partners are developing a closed loop for components of high-voltage batteries that can be used again and again. Particularly valuable materials are set to become available in a raw materials bank.
The future has started in Hagen, where an important milestone on the road to emission-free energy and mobility has been achieved by technology company The Mobility House, energy supplier ENERVIE, transmission system operator Amprion and car maker Nissan.
SoundHound Inc., an innovator in voice-enabled AI and conversational intelligence technologies, announced a strategic partnership with Honda Motor Co., Ltd. to accelerate the development of voice-enabled AI assistant.
Veoneer, Inc., a pure-play company focused on Advanced Driving Assistance Systems (ADAS) and Automated Driving (AD), has appointed Nishant Batra to the new position as Executive Vice President (EVP) and Chief Technology Officer (CTO) and is refining its management and reporting structure within the Electronics Segment.
Computer vision company Eyesight, which brings Edge-based Computer Vision and AI solutions to the automotive and IoT markets, announced a $15 million growth investment round, led by Jebsen Capital, Arie Capital, Mizrahi Tefahot, among other investors.
The BMW Group has selected expert software development partners, further consolidating its partner network in the process. The aim of the collaboration with KPIT and TTTech is to press ahead with the scalable Autonomous Driving Platform and to work together on the development of Level 3 and Level 4/5 functions (Highway Pilot and Urban Pilot).