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SoftBank to invest $2.25B in GM Cruise; GM to add $1.1B; driving large-scale AV deployment

Green Car Congress

billion in GM Cruise Holdings LLC (GM Cruise), further strengthening the company’s plans to commercialize autonomous vehicle (AV) technology at large scale. GM will also invest $1.1 billion in GM Cruise upon closing of the transaction. The investments value GM Cruise at $11.5 SoftBank Vision Fund will invest $2.25

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Buick debuts V2X technology in China; first V2X vehicle to roll out by year end

Green Car Congress

Buick’s vehicle-to-everything (V2X) technology made its debut at the Guangzhou International Automobile Exhibition. In August at Tech Day in Shanghai, GM announced that in 2022, 5G will be available on all new Cadillac models and most Chevrolet and Buick vehicles going forward. Past work on V2X in China.

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Honda partners with CATL on Li-ion EV batteries; 56 GWh by 2027

Green Car Congress

Also, at the Beijing Motor Show in 2018, it officially announced that more than 20 electric vehicles would be launched in China by 2025. Automobile R&D Center in Tochigi. Under that agreement, the companies will collaborate based on GM’s next generation battery system with the intent for Honda to source the battery modules from GM.

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SAIC-GM-Wuling breaks ground for new R&D center and proving ground

Green Car Congress

SAIC-GM-Wuling broke ground for its new R&D center and proving ground in Liuzhou, Guangxi, on 12 July. The R&D center is scheduled to open in December 2018. Since its establishment in 2002, SAIC-GM-Wuling has been leveraging resources from China and abroad. SAIC-GM-Wuling Automobile Co. stake, GM China a 44.0%

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Freudenberg secures majority interest in Li-ion battery maker XALT Energy; full acquisition coming

Green Car Congress

In March 2018, Freudenberg announced it had acquired a 31% ownership stake in XALT Energy through a multi-million dollar investment in its operations. In 2018, Freudenberg agreed to work with a leading provider of electrical power distribution and automation for the marine industry to explore battery solutions for its applications.

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Chevy Traverse will get first off-road short, extra tech on 2024 style

Baua Electric

” Utmost redesigned for the 2018 style pace, the Traverse will get a unutilized 2.5-litre litre turbocharged four-cylinder engine, which GM estimates will build 315 hp and 317 pound-feet of torque, mated to an eight-speed computerized transmission. million Traverses because the automobile debuted in 2009.

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2019 Ram 1500 pickup has 48-volt 'mild hybrid' system for fuel economy

Green Car Reports

The dominant news at the 2018 North American International Auto Show in Detroit was about pickup trucks. Fiat Chrysler Automobiles has lagged GM and FOrd on the.

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