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This trial is one of three conducted internationally by a public-private collaboration, organized by the 5G Automotive Association (5GAA) and eight member companies representing leading technology companies from around the globe. A related European live-trial was conducted in the city of Turin, Italy.
million Series A financing round led by prominent Silicon Valley venture fund, Playground Global, with the investor syndicate comprising Fortescue Future Industries, Coatue, Global Founders Capital, Plug Power, Airbus Ventures, JetBlue Technology Ventures, Toyota AI Ventures, Sojitz Corporation, and Future Shape.
The companies have successfully conducted Japan’s first C-V2X testing in the country using 5.8 Direct communication provides vehicle to vehicle (V2V), vehicle to infrastructure (V2I) and vehicle to pedestrian (V2P) and other vulnerable road users connectivity even in the most remote areas where no mobile coverage is available.
Ricardo has partnered with UK-based technology company Brightec to develop a smartphone app which will enable hybrid vehicles to sense that they have entered a clean air zone and encourage a switch to electric mode.
In Seoul, Hyundai Motor Company unveiled a strategic roadmap to accelerate its electrification ambition as it pursues sustainable progress for the company. The company also unveiled targets for sales and financial performance to be achieved by 2030. Under the new plan, the company aims to boost annual global BEV sales to 1.87
The close dialog between the main players is also intended to speed up previously lengthy and complex planning and application processes for network connections. Global electric truck portfolio at Daimler Trucks. The initiative’s measures therefore include the development of standard concepts that cover common charging profiles.
of cars on the road globally are electrified, which begs the question: How do we fulfill the promise of EVs to deliver sustainable mobility? That’s why Polestar set itself three climate targets: to become climate neutral company by 2040; to halve emissions per sold car by 2030 compared to 2022; and create a climate neutral car by 2030.
Ford announced a new global battery center of excellence—called Ford Ion Park—to accelerate research and development of battery and battery cell technology, including future battery manufacturing. —Hau Thai-Tang, Ford’s chief product platform and operations officer. This 200,000 sq.-ft.
Li-Cycle Holdings, the leading lithium-ion battery recycler in North America, and Vines Energy Solutions ( VinES ), a Vingroup company that specializes in the research, development and manufacturing of advanced batteries for mobility and energy storage applications, launched a global recycling partnership. Earlier post.)
Ford Motor Company will build two new massive, environmentally and technologically advanced campuses in Tennessee and Kentucky that will produce the next generation of electric F-Series trucks and the batteries to power future electric Ford and Lincoln vehicles. billion BlueOvalSK Battery Park—creating 5,000 jobs.
The scope of the proposed alliance includes a range of vehicles to be sold under each company’s distinct brands, as well as cooperation in purchasing, research and development, and connected services. This alliance will help both companies accelerate investment in future mobility innovation by freeing up additional resources.
EIT InnoEnergy, the European innovation engine for sustainable energy, announced a partnership with Vulcan Energy Resources Limited (Vulcan), a start-up lithium exploration company, to produce the world’s first completely carbon-neutral lithium in Germany.
ENGIE New Ventures, the corporate venture fund of ENGIE, is participating in a new round of investment to further the development of Connected Energy. Based in the United Kingdom, Connected Energy uses end-of-life EV batteries to create energy storage systems. —Matthew Lumsden, CEO of Connected Energy.
Mahindra Group and Ford Motor Company will jointly develop new SUVs, and a small electric vehicle as part of several initiatives announced between the two companies. The MoUs, which are non-binding, mark the progress made by the two companies since announcing their alliance in September 2017.
Cepsa—the Spain-based multinational oil and gas company—will invest more than €3 billion to establish the Andalusian Green Hydrogen Valley, creating the largest green hydrogen hub in Europe in southern Spain. The company will build two plants with a total capacity of 2 GW to produce green hydrogen.
Ford Motor Company and Autonomic have signed a multi-year, global agreement with Amazon Web Services (AWS), which will expand the availability of cloud connectivity services and connected car application development services for the transportation industry.
Kia Corporation described its roadmap to 2030 at the company’s 2022 CEO Investor Day virtual event. The roadmap builds on Kia’s successful Plan S strategy first announced in 2020. Becoming the number one brand in the global purpose-built vehicle (PBV) market by 2030. Starting with an annual global sales goal of 3.15
Harnessed effectively, sensor and other data available from connected vehicles can enable a wide range of services and applications with compelling benefits, ranging from personalized usage-based insurance to road hazard detection and traffic management. —Sanjiv Ghate, Mobilisights CEO.
focused on connected technologies for automotive, consumer and enterprise markets, is acquiring substantially all the assets of Savari, Inc., a Silicon Valley-based automotive technology company developing vehicle-to-everything communications (V2X) technology in 5G Edge and automotive devices.
The company was privatized in 1968 by the military government, and later bought by Fiat, which closed the factory in 1988. Brothers and investors Zeca and Alberto Martins are partners in the holding company that owns FNM and opened the company’s new factory in Caxias do Sul city. The FNM company is anything but normal.
To build on a partnership first announced in October 2022, VinES and Li-Cycle will also continue to explore global recycling solutions for VinFast (also part of Vingroup), the first global electric vehicle (EV) manufacturer in Vietnam and Southeast Asia.
—Duncan Aldred, global vice president, Buick and GMC. No longer a circular logo, the badge incorporates a sleek, horizontally aligned layout that builds upon Buick’s recognizable tri-shield. No longer a circular logo, the badge incorporates a sleek, horizontally aligned layout that builds upon Buick’s recognizable tri-shield.
Michigan Governor Gretchen Whitmer announced an initiative to develop a first-of-its-kind corridor for connected and autonomous vehicles (CAV) designed to improve transportation for communities in Southeast Michigan. This includes leading test tracks, universities, automotive companies, and key economic anchors.
Goldman Sachs acted as exclusive placement agent to the company in connection with the financing. Volta builds and operates an EV charging network with the highest utilization in the United States. —Scott Mercer, Founder and CEO of Volta. It will also allow Volta to begin its international expansion.
This trend is being driven by what Gelsinger called “the digitization of everything” and four superpowers—ubiquitous compute, pervasive connectivity, cloud-to-edge infrastructure, and AI—that are permeating the automotive and mobility industries. In March, Gelsinger introduced “IDM 2.0”.
A global shortage of semiconductors—caused by manufacturing delays that some semiconductor makers blame on a faster-than expected recovery from the coronavirus pandemic—has forced automakers to adjust or cancel production over the past months.
On the heels of an quarterly report marked by an underwhelming profit, and amid a general “lack of fitness” according to CFO Bob Shanks, Ford Motor announced that it is accelerating and expanding its activities in 2018 to deliver a broad suite of mobility products and services to personal vehicle owners, fleet owners and cities globally.
The Volkswagen Group’s software company Car.Software Organization will collaborate with Microsoft to build a cloud-based Automated Driving Platform on Microsoft Azure and tp leverage its compute and data capabilities with the goal of delivering reliable and safe automated driving (AD) experiences even faster and on a global scale.
Toyota will establish a new company in Tokyo in the latter part of this month named Toyota Research Institute-Advanced Development (TRI-AD) that will accelerate its efforts in advanced development for automated driving. Going forward, the three companies will hold further discussions, aiming to conclude a concrete joint development contract.
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.
The day before SpaceX aced its eighth Starlink launch in three months, President and COO Gwynne Shotwell implied that the company’s constellation of satellites could achieve “full [global] connectivity” just a handful of months from now. We hope to have “full connectivityglobally” after about 28 launches.
Ford is expanding its production capacity for the company’s next-generation battery electric vehicles at a second North American plant. Tied to the company’s $11.1-billion billion investment in global electric vehicles, Ford is expanding its BEV manufacturing footprint to its Flat Rock Assembly plant in southeast Michigan.
China-based battery maker CATL (Contemporary Amperex Technology Co Ltd) and its subsidiary Shenzhen Dynanonic signed an agreement with Jiang’an county government (located in south-west China’s Sichuan province) to build a lithium iron phosphate (LFP) cathode materials plant with a production capacity of 80 tpy. —Zeng Yuqun.
Enphase Energy, a global energy technology company and the leading supplier of microinverter-based solar and battery systems, has agreed to acquire EVSE company ClipperCreek. The company has sold more than 110,000 Level 2 AC charging stations since its inception.
The companies agreed to: 1) establish a joint venture that produces vehicles in the United States; 2) jointly develop technologies for electric vehicles; 3) jointly develop connected-car technology; 4) collaborate on advanced safety technologies; and 5) expand complementary products. with equal funding contributions.
Tokyo Electric Power Company Holdings, Inc. This system will be installed in the Eurus Tashirotai Wind Farm by Toyota Tsusho Corporation and Eurus Energy Holdings Corporation, and the four companies will begin a collaborative verification project around fall of this year.
Almost half of global consumers (46%) are considering purchasing a car in the next 12 months, an increase from 35% in April 2020. Without a clear end to the pandemic in sight, 87% of global consumers stated their safety and physical well-being, alongside that of their families, is best served through a personal vehicle.
Electric aviation technology company magniX and Harbour Air, North America’s largest seaplane airline, announced a partnership to transform Harbour Air seaplanes into an all-electric commercial fleet powered by the magni500, a 560 kW (751 shp) all-electric motor that delivers 2,814 N·m of torque. DHC-2 de Havilland Beaver.
NTT DATA Corporation and DENSO Corporation have started to build an industry-wide ecosystem for electric vehicle (EV) batteries to create a global trusted dataspaces where only necessary data can be shared, while also protecting private data. The two companies were officially approved as business operators in September 2022.
Daimler Truck, MFTBC, Hino, and Toyota will collaborate toward achieving carbon neutrality by developing CASE technologies (Connected/Autonomous & Automated/Shared/Electric) and strengthening the commercial vehicle business on a global scale. They will build a globally competitive Japanese commercial vehicle manufacturer.
Toyota’s MSPF leverages the reliability and scalability of AWS’ global infrastructure, as well as development expertise from AWS Professional Services, to meet the challenge of processing and analyzing data from operations within Toyota’s worldwide fleet of connected vehicles. Toyota Motor Corporation and Amazon Web Services, Inc.
a leading China-based Internet platform and AI company, plans to establish a company to produce intelligent electric vehicles (EV), and that it has entered into a strategic partnership with multinational auto manufacturer Zhejiang Geely Holding Group. Baidu, Inc., —Robin Li, Co-founder and CEO of Baidu.
Hyundai Motor Company announced an updated roadmap for its future business Strategy 2025 at the 2020 CEO Investor Day’ forum held virtually in Seoul. trillion (US$55 billion) by 2025, securing an 8% operating margin in the automotive sector and achieving a 5% range of global automotive market share. Updated Strategy 2025.
to create a company focused on the development of next generation smart transportation. Nasdaq:VTIQ) is a $230-million publicly traded Special Purpose Acquisition Company (SPAC) formed for the purpose of effecting a merger, acquisition or similar business combination within 24 months of its IPO, which was completed 18 May 2018.
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