Technology News

CATL takes advantage of China's leading position as the manufacturing hub of electronics and also now the leading electric car market in the world.

The Arrival Car for Uber is expected to hit production by Q3 2023. It will be an affordable purpose-built EV designed for Uber drivers.

Home-grown utility vehicle manufacturer, Mahindra & Mahindra, reportedly plans to keep supporting its loss-making South Korean subsidiary, SsangYong's electric vehicle business. Mahindra, which is developing electric SUVs and powertrain on the new MESMA 350 platform, has said that it will supply them to SsangYong as per the Korean brand's requirement.

BMW & Ford have also made a commitment towards acquiring batteries based on the new technology from Solid Power for their future electric vehicles.

Baidu's Apollo is one of the pioneers of autonomous self driving cars

AEye Inc and a blank-check firm backed by financial services company Cantor Fitzgerald on Monday amended their merger agreement, valuing the lidar sensor maker at $1.52 billion, citing valuation changes of publicly traded lidar companies.

Ford Motor Co and BMW AG are leading a $130 million funding round in a solid-state battery startup, Solid Power, as carmakers push to lower the cost of electric vehicles by investing in the development of affordable but powerful rechargeable batteries.

Rivian will also start deliveries of its R1T and R1S electric pick-up and electric SUVs later in 2021.