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Posts Tagged ‘automotive’

UVeye snaps up $31M for its hyper-detailed, AI-based drive-thru vehicle-scanning platform

The race is on for the car of the future, equipped with self-driving capabilities, on-board personalised information and entertainment, and an ever-smaller carbon footprint. Today, however, comes news of a startup that’s improving car performance from the outside. UVeye, a Tel Aviv-based company that has built a set of drive-through external scanners that can take ...

Tesla drops request for restraining order against allegedly dangerous short seller

Tesla has withdrawn its request for a court-ordered restraining order against Randeep Hothi, documents submitted to the court where the complaint was filed revealed Friday. Hothi, an individual who is very vocal on social media about his short position in Tesla, had gone to extreme and potentially dangerous lengths in his avid attempts to collect ...

Self-driving startup AutoX expands beyond deliveries and sets its sights on Europe

AutoX, the Hong Kong and San Jose, Calif.-based autonomous vehicle technology company, is pushing past its grocery delivery roots and into the AV supplier and robotaxi business. And now, it’s taking its business to Europe. AutoX has partnered with NEVS — the Swedish holding company and electric vehicle manufacturer that bought Saab’s assets out of ...

After Baidu tie-up, BMW taps Tencent for autonomous driving in China

China is BMW’s largest market, and the German automaker knows in order to capture the country’s demanding consumers, its future models must support robust autonomous driving capability. But to build it itself in China is hardly possible. The success of autonomous driving relies in part on high-definition mapping, a process that requires an expansive collection ...

This is one way Toyota plans to shuttle people around during the 2020 Olympics

When thousands of people converge on Tokyo for the 2020 Olympic and Paralympic Games, the city’s infrastructure will be tested. Toyota is getting into the mix to handle some of the ways people will get around the city and the Olympics venue. Toyota unveiled Thursday a new product called APM, or Accessible People Mover, which ...

Toyota locks in more than a supply of EV batteries in deal with China’s CATL

Toyota needs more than a secure and steady supply of batteries if it hopes to meet its ambitious global sales goal for electric vehicles. If it hopes to compete, the Japanese automaker will need better quality lithium-ion batteries that don’t squeeze profit margins. The automaker is turning to Chinese EV battery supplier CATL for the ...

Peloton’s new automated vehicle system gives one driver control of two trucks

The trucking world has been inundated in recent years by startups and large companies alike pitching an array of automated driving technology and business strategies, all aiming to solve the big three problems with freight: safety, fuel costs and driver shortages. For Peloton Technology, a Silicon Valley company that launched in 2011, the answer doesn’t ...

Peer-to-peer car sharing marketplace Turo raises $250M at over $1B valuation from IAC

Car-sharing startup Turo has raised $250 million in a Series E round of funding from IAC, the internet media company that owned and spun out Match.com, and OKCupid. This round pushes Turo into Unicorn territory, with its valuation now “past the billion-dollar” mark according to Turo CEO Andre Haddad. This late round of funding brings ...

Ford unveils its latest pickup truck built for a smartphone

Ford’s F-Series line of pickup trucks has been the best-selling vehicle in the U.S. for decades, which should make the automaker an expert of sorts in the truck-building business. Ford unveiled Wednesday the latest addition to its pickup truck portfolio. This particular one, isn’t meant for driving. The automaker created a pickup truck emoji, which is ...

Elon Musk is raising the price of Tesla’s “full self-driving” feature by another $1,000

The price of a Tesla vehicle equipped with “full self-driving” is about to get more expensive, the second time in the past several months the company has increased fees for a feature that isn’t completely functional. Tesla CEO Elon Musk tweeted Tuesday that the price of its full self-driving option will increase by $1,000 on ...