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Posts Tagged ‘Volvo’

Volvo inks multi-billion dollar battery deals with LG Chem and CATL for EVs

Volvo Car Group has inked a massive multi-billion dollar supply deal with the Chinese battery manufacturer, CATL, and Korea’s LG Chem to supply its planned fleet of electric vehicles. The lithium ion batteries from both suppliers will power the development of Volvo Cars’ electrification strategy for its own brand and the company’s Polestar joint venture ...

Canoo, the electric vehicle startup formed from Faraday Future’s ashes, seeks $200 million

Less than a month after rebranding as Canoo, the startup electric vehicle company formerly known as Evelozcity is on the hunt for $200 million in new capital. The startup, which is backed by a clutch of private individuals and family offices hailing from China, Germany and Taiwan, is hoping to line up the new capital ...

Volvo cars in Europe will be able to warn each other about hazardous road conditions

Volvo is taking technology that allowed some of its vehicles to communicate with each other about hazardous road conditions and expanding it across Europe in an effort to increase safety, the automaker announced Monday. Volvo first introduced its Hazard Light Alert and Slippery Road Alert system in 2016 on Volvo’s 90 Series cars. But it ...

Uber spent $457 million on self-driving and flying car R&D last year

Uber spent $457 million last year on research and development of autonomous vehicles, flying cars (known as eVTOLs) and other “technology programs” and will continue to invest heavily in the futuristic tech even though it expects to rely on human drivers for years to come, according to the company’s IPO prospectus filed Thursday. R&D costs ...

Search giant Baidu has driven the most autonomous miles in Beijing

While the public is asking, “When are we going to ride in autonomous cars?” Technology companies have been moving apace to test them on designated roads. In China’s capital city Beijing, eight firms drove a total of 153,600 kilometers (95442.6 miles) through their autonomous fleets in 2018, and Baidu, the country’s largest search engine service ...

Transportation weekly: Nuro dreams of autonomous lattes, what is a metamaterial, Volvo takes the wheel

Welcome back to Transportation Weekly; I’m your host Kirsten Korosec, senior transportation reporter at TechCrunch. We love the reader feedback. Keep it coming. Never heard of TechCrunch’s Transportation Weekly? Read the first edition here.  As I’ve written before, consider this a soft launch. Follow me on Twitter @kirstenkorosec to ensure you see it each week. ...

Transportation Weekly: Polestar CEO speaks, Tesla terminology, and a tribute

Welcome back to Transportation Weekly; I’m your host Kirsten Korosec, senior transportation reporter at TechCrunch . This is the fourth edition of our newsletter, a weekly jaunt into the wonderful world of transportation and how we (and our packages) move. This week we chat with Polestar CEO Thomas Ingenlath, dig into Lyft’s S-1, take note ...