Tag: Automobiles
Xiaomi-backed fund invests in Chinese self-driving tech firm Zongmu
The multinational electronics company Xiaomi-backed investment fund has joined the slew of investors in Zongmu Technology as the Chinese autonomous driving system startup raised...
Amazon-backed EV firm Rivian could seek $70bn valuation in IPO; Sources
American electric vehicle automaker and automotive technology company Rivian Automotive has reportedly chosen underwriters for an IPO that could take place later this year.
According...
Russia’s SberAutoTech unveils FLIP; Promises next-level autonomous vehicle
SberAutoTech, a subsidiary of Russia's largest lender Sberbank, has developed FLIP, a fully autonomous vehicle that the firm described as a “taxi of the...
Hyundai will cut combustion engine line-up, to boost investment in EVs:...
South Korean automobile manufacturer Hyundai will reportedly reduce the number of combustion engine models in its line-up to free up resources to invest in...
Germany’s ZF, Mobileye team up to develop ADAS solution for Toyota
German car parts maker ZF and Mobileye, an Intel company, have been chosen by Japanese Toyota Motor Corp to develop and provide Advanced Driver...
Tesla in plans to strike low cost EV battery deal with...
According to sources, the American electric-vehicle giant Tesla is in talks with Chinese battery manufacturer EVE Energy to add the company to its Shanghai...
Hyundai plans to invest $7.4bn in US to produce EVs
South Korean automobile manufacturer Hyundai has announced that by 2025, it plans to invest $7.4 billion in the US to manufacture electric vehicles (EV),...
Ford to roll out over-the-air software updates this year
American multinational automaker Ford is finally ready to begin rolling out over-the-air (OTA) software updates to its vehicles at scale.
Though Tesla and other automakers...
