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TTTech Auto gains US$285M investment from Aptiv and Audi

Green Car Congress

TTTech Auto, a Vienna-based technology leader in automotive safety software, raised US$285 million (€250 million) from Aptiv PLC and Audi in its latest funding round. With this latest funding round and a valuation of more than US$1 billion, TTTech Auto confirms its strong position amid a growing number of auto tech unicorns.

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Tesla contributes nearly 25% of Shanghai’s general auto manufacturing

Baua Electric

contributed nearly one-quarter of Shanghai’s general automobile manufacturing price endmost month, native media reported, in an indication of the way briefly the electrical automotive maker has ramped up output in China. billion yuan ($26.4 billion yuan ($26.4 1 million vehicles a month. 1 million vehicles a month.

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EV components maker Matel raises USD 4 mn in funding – ET Auto

Baua Electric

The firm will also increase its manufacturing capacity from the current 5,000 units a month to 20,000 units a month by FY26, Patro added. Matel made over INR 30 crore in revenue in FY24 and has been profitable at a profit after tax (PAT) level since 2019, Patro told ET.

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Luminar says Tesla is biggest customer for its lidar sensors – ET Auto

Baua Electric

And anyone relying on Lidar is doomed,” Musk said in 2019. And anyone relying on Lidar is doomed,” Musk said in 2019. The Florida-based company said last week it would cut its workforce by about 20% and reduce in-house manufacturing as part of restructuring plans. “Lidar is a fools’ errand.

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US opens probe into 250,712 Honda vehicles over braking issues – ET Auto

Baua Electric

A preliminary evaluation, or the first phase of an NHTSA investigation, involves a review of consumer complaints or manufacturer service bulletins, which suggest a safety defect may exist. The emergency brake issue affects the 2019-2022 models of the Honda Insight, a hybrid electric car, and the Honda Passport SUV.

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Schaeffler India re-appoints Harsha Kadam as MD, CEO – ET Auto

Baua Electric

Harsha Kadam German auto parts maker Schaeffler on Friday said its board has approved the re-appointment of Harsha Kadam as the Managing Director (MD) and CEO of its India arm for a period of three years, effective from October 1, 2024.

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Tesla could start selling Optimus robots by the end of next year, Musk says – ET Auto

Baua Electric

Several companies have been betting on humanoid robots to meet potential labor shortages and perform repetitive tasks that could be dangerous or tedious in industries such as logistics, warehousing, retail and manufacturing. In 2019, he told investors that Tesla would be operating a network of “robotaxi” autonomous cars by 2020.

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