Hyundai Motor Group and Grab Holdings Inc., Southeast Asiaâ€™s leading mobile platform, announced an agreement under which Hyundai Motor Company and Kia Motors Corporation will invest an additional $250 million into Grab and establish a partnership to pilot EV programs across Southeast Asia.
Cohda Wireless has successfully demonstrated its connected autonomous vehicle technology in a live trial on the streets of the city of Adelaide. The trial proved the potential for connected self-driven vehicles to make streets much safer than they are and that Cohdaâ€™s technology is effective even in the most challenging of environments â€“ the so-called â€˜urban canyonsâ€™ of a typical city.
Alliance Ventures, the strategic venture capital arm of Renault-Nissan-Mitsubishi, announced that it has invested in the latest round of funding in Transit, a multi-modal transportation mobile app company based in Montreal, Canada.
Toyoda Gosei Co., Ltd. will establish a Corporate Venture Capital Department in January 2019. This new department will serve as the companyâ€™s centre for flexible and swift investment in startups and venture capital to accelerate open innovations for practical application and commercialization of new technologies and products.
InMotion Ventures, Jaguar Land Roverâ€™s venture capital fund, has invested in Montreal-based journey planner app, Transit. Transit helps people navigate and make better transport decisions in more than 175 cities worldwide.
Generali Country Italia and the Fiat Chrysler Automobiles Group have signed a letter of intent, the first step in a business and technological partnership which will develop innovative products and services for the automotive and connected vehicles sectors, and offer them to the insurance market.
The Volkswagen Group is making further progress with its work with quantum computers. For the first time, Volkswagen experts have succeeded in using a quantum computer to develop a traffic management system that will replace forecasting for urban traffic volumes, transport demand and travel times with precise calculations.
Project lead is CloudMade, with partners Aimsun, Birmingham City Council and Trakm8.
1-year feasibility study will take anonymized telematics data to help improve connected and autonomous vehicles (CAVs)
Ford Motor Co. and Volkswagen AG have been holding discussions to explore possibilities of jointly developing self-driving and electric vehicles. This kind of a strategic alliance, if it were to go through, could mean saving costs by billions of dollars for both companies.
Volvo Cars has reached an agreement with Baidu, the leading Chinese internet search provider, to jointly develop electric and fully autonomous drive-compatible cars with the aim of mass producing them for China, the largest car market in the world.