Remove Auto Industry Remove Motor Remove Products Remove Volvo
article thumbnail

Volvo enters autonomous driving market via company acquisition

Teslarati

Volvo has acquired Zenseact, an autonomous driving hardware and software supplier. While many automakers now view autonomous driving products as the auto industry’s future, recent history has shown that it can be a highly volatile market. Details regarding how much Volvo paid for the shares have not been disclosed.

Volvo 98
article thumbnail

Volvo follows in Stellantis’ footsteps and departs from ACEA

Teslarati

As the auto industry splinters over the switch to electric vehicles, Volvo Cars AB is the second major manufacturer to leave Europe’s auto lobby. Volvo Cars have plans to produce only electric vehicles by 2030. Tavares believes that electricity is a political decision rather than an industrial one.

Volvo 98
article thumbnail

Polestar eyeing massive production growth, could hit 50k units this year

Teslarati

In an interview with Yahoo Finance , the Polestar CEO stated that the company is on track to produce 50,000 units this year, spurred on by help from Volvo and Geely, Polestar’s parent companies. and other new products will follow it in the near future. The company is still working to fill the massive Hertz order.

article thumbnail

Protean Electric forms partnerships for global production of in-wheel drive motors

Green Car Congress

In-wheel electric drive startup Protean Electric ( earlier post ) has formed relationships with several leading companies in the global auto industry to accelerate its in-wheel electric drive systems to market in high-volume production. MAHLE Powertrain, an engineering service provider to the global automotive industry.

Global 231
article thumbnail

Volvo Buses and SAIC Motors form joint company for new energy driveline systems; electric and hybrid buses

Green Car Congress

Volvo Buses and Chinese SAIC Motors have agreed to form a new joint venture company for driveline systems for new energy buses such as hybrids and electric buses. The new company will be owned by SAIC with 60% and by Volvo with 40%. The new company will act as the carrier for the new energy bus industrialization.

Volvo 199
article thumbnail

European Auto Industry Expresses Concern Over Iron Ore Price Hikes

Green Car Congress

In addition, BHP and Rio Tinto have announced their intention to create a joint venture and merge their Australian iron ore productions, leading to further concentration. The ‘big three’ represent around 70% of the exports of iron ore and, subsequently, hold the significant pricing power of an oligopoly.

article thumbnail

ChargePoint announces availability of Tesla NACS at charging stations

Teslarati

We remain committed to developing networked charging solutions that ensure any EV can charge in any parking space,” said Bill Loewenthal, Chief Product Officer at ChargePoint. ChargePoint’s CP600, a new commercial and light fleets product, will be sold or reconfigured with the Tesla NACS option by early 2024. market in 2025.

Available 106