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Hyundai Motor Group will acquire a controlling interest in the mobile robot firm Boston Dynamics from Softbank in a deal that values Boston Dynamics at $1.1 Boston Dynamics is the established leader in developing agile, mobile robots that have been successfully integrated into various business operations. Hyundai Mobis Co.
Following initial contracts with European suppliers, the BMW Group has now concluded further 2 -reduced-steel-for-global-production-network">agreements for the supply of CO 2 -reduced steel in the US and China. Over the coming years, Boston Metal plans to expand the new method for steel production on an industrial scale.
Hyundai Motor Group has launched the Boston Dynamics AI Institute , with the goal of making fundamental advances in artificial intelligence (AI), robotics and intelligent machines. Hyundai Motor Group acquired an 80% controlling interest in Boston Dynamics in 2021. Earlier post.). Earlier post.).
Hyundai Motor Group, Boston Dynamics, Inc. announced the completion of Hyundai’s acquisition of a controlling interest in Boston Dynamics from SoftBank, following the receipt of regulatory approvals and other customary closing conditions. and SoftBank Group Corp. The deal valued the mobile robot firm at $1.1
Li-ion battery maker Boston-Power, Inc. —Boston-Power Chairman and Acting CEO Sonny Wu. Dr. Lampe-Onnerud founded Boston-Power in 2005 and the company has filed 150 patents. Tony Shen recently joined Boston-Power as the Chief Financial Officer.
Boston Metal, an MIT spin-off working to commercialize molten oxide electrolysis (MOE) for emissions-free metals and alloys production, announced that Vale and Energy Impact Partners have joined its Series B fundraising, closely following a $50M close announced in January. —Tadeu Carneiro, Chairman and CEO of Boston Metal.
Boston-Power, Inc. Long-standing Boston-Power investors Oak Investment Partners and Foundation Asset Management (FAM) also participated. '. Boston-Power recently broke ground on its new manufacturing site in Liyang. Concurrently, Boston-Power is establishing an R&D and EV battery engineering facility in Beijing.
A new study published in Nature Communications by researchers from IIASA, Boston University, and the Ca’ Foscari University of Venice found that by mid-century, climate change will increase the demand for energy globally, even with modest warming. —coauthor Ian Sue Wing, a researcher at Boston University.
Boston-Power, Inc., Existing Boston-Power investors Oak Investment Partners and Foundation Asset Management (FAM) also participated in the round. As part of its plans, Boston-Power is establishing an R&D and EV battery engineering facility in China. Purcell, Jr., Earlier post.).
Li-ion battery manufacturer Boston-Power, Inc. Boston-Power has attracted $185 million in investment since being founded in 2005. Boston-Power Swing 4400. Boston-Power currently uses cobalt and manganese on the cathode with graphite on the anode. Energy density: 180 Wh/L. Volumetric density: 420 Wh/L. Earlier post.)
Honda Research Institute (HRI), a Honda R&D subsidiary, and Boston University have agreed to begin joint research in the area of data security and privacy for artificial intelligence (AI) research. A first research project will investigate data privacy control using a technology called secure multi-party computation (MPC).
and is adding Boston, Chicago and Washington, D.C. As previously announced, Express Drive will expand to additional markets including Boston, Baltimore and DC by the end of the year. Maven+ and Maven City are coming to Boston this summer. There are now more than 50 Maven team members working globally.
Refuse trucks represent a $7-billion market segment within the global commercial fleet industry, with more than 62,000 units sold globally in 2018 and growing annually by four percent. Refuse collection trucks travel 25,000 miles annually on average and contribute around 1.4%
The Imperium3 consortium, which is building the New York-based gigafactory, consists of Magnis Energy, Charge CCCV LLC (C4V), and Boston Energy and Innovation (BEI). Magnis aims to become a leading global producer of next-generation green-credentialed Lithium-Ion Battery (LIB) cells. Magnis direct and indirectly owns 50.86% of iM3NY.
This year Hyundai Motor Group will concentrate efforts to become a global electric vehicle powerhouse by launching dedicated electric vehicles built on the E-GMP, including Hyundai Motor’s IONIQ 5, Kia’s crossover electric vehicle and Genesis luxury brand’s crossover electric vehicles.
Additionally, the two companies are actively discussing a potential global roll-out program beginning in Europe and Canada. Phoenix, New York and Boston in February. This will be rolled out in four key groups, in order to reach nationwide coverage by the end of April 2022. The Midwest and Southeast in March.
Cadenza Innovation , a Li-ion battery startup founded in 2012 by Dr. Christina Lampe-Onnerud, former CEO and founder of Boston Power ( earlier post ), has raised more than $5 million in growth capital. Safety: integrated fire protection, enabling fail-safe battery packs for use in residential, grid and transportation applications.
published the 2018 Global Traffic Scorecard that identified and ranked congestion and mobility trends in more than 200 cities, across 38 countries. In the US, the 2018 Global Traffic Scorecard analyzed congestion and the severity of it in the top 60 urban areas. Boston (164 hours lost due to congestion) and Washington D.C.
In a new report (its fourth on electric car adoption) the Boston Consulting Group forecasts that a combination of hybrid and fully electric powertrains will cut the global market share of pure internal combustion engines (ICEs) by about 50% by 2030.
Last week, Hyundai Motor Group and Boston Dynamics announced an initial investment of over $400 million to launch the new Boston Dynamics AI Institute. If we can start by looking back a little bit—what kind of company did you want Boston Dynamics to be when you founded it in 1992? It took a while before we got back to robotics.
gigatons of direct and indirect carbon dioxide emissions annually, or 10% of the global total. We also have a historic opportunity to decentralize the global iron and steel supply chain and re-shore manufacturing and mining jobs. billion metric tons of crude steel and causes 3.7 —Electra CEO Sandeep Nijhawan.
The stop/start function can be programmed with a global positioning system to automatically shut down the engine at specified locations. BAE Systems’ Series-ER technology is powering more than 200 buses across the globe, including major cities such as Brighton, Boston and San Francisco.
A new paper by an MIT team and colleagues in Singapore, China, Italy and Denmark, drawing on global data, finds that people visit places more frequently when they have to travel shorter distances to get there. This generalized behavior is not just something you observe in Boston.
After the projects are complete this fall, GM will house more than 38 MW of solar power at 13 facilities around the world and more than 60 MW of renewable energy globally when combined with its landfill gas and biomass energy use. —Rob Threlkeld, GM global renewable energy manager.
It is also plays a significant role in pushing forward GAC Motor’s global branding strategy. According to figures compiled by the US Department of Energy (DOE) ( earlier post ), China alone accounted for 42% of global plug-in vehicle sales (316,800 of 756,000 units) in 2016. —Yu Jun, General Manager of GAC Motor.
Although viewed as a potential target in the global effort to reduce climate change, atmospheric black carbon particles absorb significantly less sunlight than scientists have predicted, according to a new study by an international team of researchers, published in the journal Science. Earlier post.).
As one of the global leaders in innovation, HMG has allocated a series of additional expenditure to foster key future businesses such as robotics, advanced air mobility (AAM), autonomous driving, and artificial intelligence (AI). Robotics is an essential part of the Group’s transformation into a smart mobility solutions provider.
SES, which started in 2012 as an MIT research lab startup, is headquartered in Singapore and operates labs and pilot production facilities in Boston and Shanghai, China. Solid Energy and GM plan to establish a lithium metal battery test production plant near Boston by 2023, and are aiming for final commercialization in 2025.
Karl Iagnemma and Dr. Emilio Frazzoli and recently named a World Economic Forum Technology Pioneer, nuTonomy is developing a proprietary full-stack AD software solution for the global AMoD market. Upon completion of the transaction, Delphi will have AD operations in Boston, Pittsburgh, Singapore, Santa Monica, and Silicon Valley.
Additionally, Enel North America, through its renewables business Enel Green Power North America, has been awarded a grant, also under ACTNow program, of US$37,000 to support the development of an emissions-based carpooling program for Enel’s 650-plus Massachusetts employees across its Boston and Andover offices.
T&E commissioned Boston Consulting Group to study the impacts of the transition to zero-emission trucks on the European economy and truckmakers’ global competitiveness.
The sustainable, efficient and environmentally friendly use of energy is one of the major global challenges of the future. The Fraunhofer Center for Energy Innovation expands Fraunhofer USA’s portfolio of energy related technologies and will closely cooperate with the Fraunhofer Center for Sustainable Energy Systems (CSE) in Boston.
The new investment was led by Mitsui Ventures and includes I2BF Global Ventures, Energy Technology Ventures (a joint venture of GE, NRG Energy and ConocoPhillips), Kleiner Perkins Caufield & Byers and BP Alternative Energy. Thermoelectric material developer GMZ Energy ( earlier post ) has secured $14 million in Series C financing.
Hyundai Motor Group signed an MOU with the US Department of Energy in February 2020 to cooperate in hydrogen fuel cell technology innovation and global expansion. The Group also will firmly establish its presence in the robotics field through Boston Dynamics.
The 19 launch markets also include Atlanta; Austin and Houston, Texas; Boston; Chicago; Denver; Detroit; Los Angeles; San Francisco; San Diego; New York; Orlando, Fla.; The C-MAX vehicles will be built on the company’s global C-segment platform and are two of five electrified vehicles Ford plans to launch in North America in 2012.
Global demand for hybrid-electric and fully electric transit solutions is increasing as more legislation is passed setting clean air regulations and transit agencies continue to establish goals for greener fleets.
Advanced biofuels, concentrated solar power (CSP), and solar photovoltaic power (PV) will see accelerating adoption and growth and are on track to change the global energy mix far earlier than is often assumed, according to a new report from The Boston Consulting Group (BCG). Cleaner coal through carbon capture and sequestration.
UK-based Nyobolt , the developer of ultra-fast charging niobium-based battery technology, has expanded its global footprint with the opening of its first US office.
As COVID-19 stresses global supply chains, the logistics industry is looking to automation to help keep workers safe and boost their efficiency. A prime example is Stretch , a new robot from Boston Dynamics that can move heavy boxes where they need to go just as fast as an experienced warehouse worker. No one wants to do receiving.”
The researchers examined the relationship between exposures to fine particulate matter (PM 2.5 ) and black carbon, a component of PM, and cognitive performance in 954 older white males from the Greater Boston Area enrolled in the Normative Aging Study. Air pollution levels were obtained from a site in Boston. Elevated average PM2.5
Autonomous vehicle technology company Nauto has entered into strategic agreements with three major auto companies, including BMW i Ventures and Toyota Research Institute, as well as with Allianz Ventures, part of the leading global financial service provider and insurance company Allianz Group.
announced a global mobilization of the company’s 3D printing resources and expertise to respond to the COVID-19 pandemic, spanning its Stratasys, GrabCAD, Stratasys Direct Manufacturing and partner network with donated printing capacity across all regions. Stratasys Ltd.
GMZ is the exclusive licensee of a broad patent held by the Massachusetts Institute of Technology and Boston College covering the manufacturing of high ZT (a dimensionless figure of merit) thermoelectric materials with a nano-structure of less than 1 micron. The TG16-1.0 is currently available for sampling to qualified OEM manufacturers.
Global airport ground support equipment (GSE) manufacturer Mallaghan just deployed what it says is North Americas first ever fully electric refrigerated catering truck designed specifically for the aviation industry. The eMV features a 33,000 lb. SOURCE | IMAGES : Mallaghan SE. FTC: We use income earning auto affiliate links.
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