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Foresight partners with global industrial equipment manufacturer on proof-of-concept for autonomous mining and construction trucks

Green Car Congress

Israel-based Foresight Autonomous Holdings, a developer of automotive vision systems, has signed a paid proof-of-concept (POC) project with the Chinese subsidiary of one of the world’s leading manufacturers of industrial equipment, heavy machinery, construction and mining equipment.

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BYD produced its 5 millionth New Energy Vehicle

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As of July 2023, BYD’s global new energy vehicle sales have soared beyond 4.8 BYD has been actively expanding its global presence since 2010, strategically introducing new energy buses and taxis for public transit electrification. The momentum continued in 2023, as the company reached a cumulative sales volume of 1.5

BYD 370
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Hyundai Motor to establish Hyundai Mobility Global Innovation Center in Singapore

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Hyundai Motor Company will establish a Hyundai Mobility Global Innovation Center in Singapore (HMGICs) to accelerate its innovation efforts, with support from the Singapore Economic Development Board (EDB). HMGICs will become Hyundai’s global open innovation hub. It also will help define the future business direction for the company.

Singapore 268
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UBQ Materials partnering with Teknor Apex on thermoplastic elastomer compounds

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Israel-based UBQ Materials, a developer of advanced materials made from unsorted household waste, is partnering with Teknor Apex Company, one of the largest custom thermoplastics compounders globally, to include UBQ in its latest line of sustainable thermoplastic elastomers (TPE).

Waste 199
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General Motors acquires battery software startup ALGOLiON

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General Motors has acquired substantially all the assets of Israel-based battery software startup ALGOLiON Ltd. ALGOLiON employees, including the company’s founders, will remain based in Israel and join more than 850 employees at the GM Technical Center in Herzliya, Israel. for an undisclosed sum.

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Electric powertrain company IRP Systems raises $17M in Series B

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Israel-based IRP Systems , a provider of electric powertrain products, raised $17 million in Series B funding. IRP Systems provides high-performance, cost-effective powertrain products to the electric vehicle market. The company’s global customer base includes top automotive and micro-mobility manufacturers.

Companies 277
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Arrival and Uber to collaborate on EV for ride-hailing industry; based on Small Vehicle Platform

Green Car Congress

The Arrival Car will address the global need to shift ride-hailing and car sharing services—with more than 30 million estimated drivers across the ride-hailing sector—to electric to reduce emissions and improve air quality in cities. This will help clean up urban transport and drive a mass market for EVs.

London 186