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Vision-oriented AI company Recogni raises $25M; investors include Toyota AI Ventures, BMW i Ventures, Faurecia

Green Car Congress

the designers of a vision-oriented artificial intelligence platform for autonomous vehicles, announced $25 million in Series A financing led by GreatPoint Ventures with participation from Toyota AI Ventures, BMW i Ventures, Faurecia, Fluxunit (VC arm of lighting and photonics company OSRAM), and DNS Capital. Recogni Inc. ,

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BNEF forecasts cumulative 26 GWh of second-life EV battery storage by 2025

Green Car Congress

In a new report for clients, Bloomberg New Energy Finance (BNEF) forecasts that there will be 29 GWh of used EV batteries coming out of cars in 2025. The auto industry is divided on the issue. This far exceeds the size of the current stationary storage market.

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LIVE BLOG: Tesla (TSLA) Q1 2021 earnings call summary

Teslarati

15:33 PT – Ferragu asks a follow up about Tesla’s energy business. According to Musk, Tesla has comparable margins in energy and vehicles though it should be noted that the company’s EV business is more mature than the energy segment. Powerwall is mature, however, so the margins there are pretty good. “We Credit: Tesla.

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Canoo Pickup, Kia EV6, Honda and Mini EV Plans: EV Week in Review – Mar 9-15

EV Adoption

The reveals of the Canoo pickup and Kia EV6 have heads turning and yet another automaker, BMW-owned Mini this time announced plans that it would only produce battery-electric vehicles from 2030. BMW CEO Officer Oliver Zipse is set to announce the plan alongside its annual report on March 17, the person said. In a letter to U.S.

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