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EV developer Rivian closes $2.5B funding round; raised $10.5B in total since 2019

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billion since 2019. In February 2019, Rivian announced a $700-million funding round led by Amazon. In February 2019, Rivian announced a $700-million funding round led by Amazon. In April 2019, Rivian announced that Ford Motor Company invested $500 million and that the companies would collaborate on a future program.

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Mercedes-Benz unveils new Sprinter; focus on connectivity; electric drive in 2019; realizing adVANce

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As the first fully connected integral system solution, the third generation of the Sprinter demonstrates the development of the division from purely a vehicle manufacturer into a provider of complete transport and mobility solutions, the company said. The current model of the Sprinter has been on the market since 2006. billion (US$3.1

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Groupe Renault changes China strategy: light commercial vehicles and electric passenger cars

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With 860,000 electric vehicles sold in China in 2019, China is by far the largest EV market in the world. EV sales are expected to reach 25% of the Chinese market by 2030. Chinese ICE passenger car market. The Renault City K-ZE, introduced in 2019, was the sixth all-electric vehicle in the Renault range.

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SAIC-GM Connectivity Strategy 2025 lays out roadmap to cloud-based connectivity, autonomy

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SAIC-GM, GM’s Chinese joint venture with SAIC, announced its Connectivity Strategy 2025, which lays out a roadmap for its connectivity development from 2017 through 2025. 2019: Introduce Super Cruise technology, enabling hands-free driving. 2020: Promote connected vehicle (V2X) technology to make mobility safer.

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Schaeffler startup to present near-production Bio-Hybrid at CES 2019; cargo and passenger versions

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Bio-Hybrid GmbH , a company belonging to the Schaeffler Group, will present the near-production Bio-Hybrid ( earlier post )—a new, modern form of personal urban mobility and means of transportation—at CES 2019. The versions showcased at CES will be deployed in a test field in the middle of 2019. —Prof. —Prof.

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BYTON shows interior of M-Byte SUV production model at CES 2019

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BYTON revealed more about the interior of its first production model, the M-Byte SUV ( earlier post ), at the Consumer Electronics Show (CES) 2019 in Las Vegas. Positioned as the next generation smart device, BYTON is designed for the future of autonomous driving in which the automobile will become a mobile digital lounge.

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GlobalData: Global battery energy storage market to grow by 7% to reach $13.13B by 2023

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The global battery energy storage market will to grow to $13.13 Asia-Pacific (APAC) and EMEA will be the dominant markets for battery energy storage systems over the forecast period 2019-2023. APAC will continue to be the largest market, reaching $6.05 billion by 2023, according to a new forecast by GlobalData.