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Self-Driving Startup Robotics Research Raises $228 Million In Funding
The fundraising round also included an investment from Luminar Technologies, which makes lidar sensors used in self-driving cars.
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German Mobility Startup Vay Raises $95 Million
Vay raised $95 million from investors such as Kinnevik, Coatue and Eurazeo, as it planned to launch its first car-rental service in Hamburg next year.
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BYD And Momenta Establish Joint Venture For Autonomous Driving Technology
The new venture, called DiPi Intelligent Mobility Co and located in Shenzhen, combines BYD's capabilities as an automaker with Momenta's experience in intelligent driving.
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Ferrari Signs Deal With Tech Firm Velas To Create Digital Products For Fans
From next season, Velas, a provider of digital products and services, will become a partner of Ferrari's Formula 1 racing team.
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Robotaxi Race Opens Up As Top Contender Waymo In Low gear In Arizona
Companies including Ford Motor Co's Argo AI and General Motors Co's Cruise are competing for the billions of dollars in financing needed to automate driving through artificial intelligence software and expensive sensors.
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Nissan Expects Chip, Parts Crunch To Extend Until At Least Mid-2022
Nissan expects global supply chain constraints and the sector-wide semiconductor shortage to continue until at least the middle of 2022.
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Tesla Faces Investor Lawsuit Over Musk Tweets On 10% Stock Sales
Tesla investor David Wagner called for access to internal documents to investigate whether Tesla and Musk violated an agreement with the U.S. securities regulator and its board members failed to adhere to their fiduciary duties.
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Albemarle Joins Newly Formed Lithium Industry Body
Albemarle, the world's largest producer of lithium for electric vehicles, is the latest to join ILiA after mining giants including Rio Tinto and BASF.
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GlobalFoundries Posts 56% Rise In Quarterly Sales On Booming Chip Demand
The company makes silicon wafers for chip designers, such as Advanced Micro Devices and Broadcom Inc, that do not have their own fabrication plants, called fabs.
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Waymo Has Tens Of Thousands People On San Francisco Robotaxi Waitlist, Co-CEO Says
Waymo is among a small number of companies around the world that have billions of dollars in financing to develop self-driving cars and trucks.
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Didi Bars Employees From Selling Shares Indefinitely: Report
The 180-day lock-up period post the company's initial public offering during which current and former staff were not permitted to sell shares was supposed to end on Dec. 27, but the prohibition has been extended without a new end date.
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Volkswagen Says Patent Suit By Taiwan's Acer Is Unfounded
Volkswagen said allegations made against it by Acer were unfounded, after a magazine reported that the Taiwanese computer maker had sued the German carmaker for infringing on its mobile network patents.
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Waymo And China's Zeekr Partner To Develop Driverless Taxis
The partnership with Zeekr will help Waymo expand its driverless ride-hailing service in the face of increased competition, and also create inroads for Chinese brand Geely into the U.S. market.
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Rivian Delays Deliveries Of Pickup, SUV With Big Battery Packs To 2023
Rivian Automotive Inc will delay deliveries of its electric pickup truck and sports utility vehicle with big battery packs to 2023, Chief Executive RJ Scaringe said in a mail to customers on Tuesday.
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Northvolt Battery Plant Sparks Into Life, A First For Europe
Northvolt said its new gigafactory in northern Sweden has assembled its first battery cell, making it the first European company to design and manufacture a battery on the continent.
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India's MRPL Operating Refinery At Full Capacity, Eyes Profit In FY22
The refiner has been cutting its crude processing for decades, mainly during the June quarter, due to shortages of water which is needed for cooling operations and power generation.
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Evergrande NEV Starts First Mass Production: Report
Mass production for its inaugural Hengchi 5 sport-utility vehicles at its Tianjin production facilities came 12 days ahead of schedule, the people said, and the firm plans to hold an official ceremony in the next two weeks.
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Vingroup Tapping Global Investors For Car Unit's $1 Billion Funding: Report
The fundraising exercise comes as VinFast, Vingroup's automobile arm, is betting big on the U.S. market, where it hopes that its electric SUVs and a battery leasing model will be enough to woo consumers away from the likes of Tesla and General Motors.
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Thailand Approves Incentives To Promote EV Shift
The package for 2022-2025 is in line with a zero-emission vehicle policy plus a goal to ensure 30 per cent of Thailand's total auto production are EVs by 2030.
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GM Extends EV Bolt Production Halt But Plans To Soon Resume Sales
GM said it planned to resume production of the Bolt at its Orion Township, Michigan plant the week of April 4.
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