Technology
car&bike Team
May 4, 2021, 5:53 PM
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.
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car&bike Team | May 4, 2021Ford, BMW Lead $130 Million Investing Round In Solid-State Battery Startup, Solid Power: ReportFord 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.1 min read
Sahil Gupta | May 4, 2021Rivian's Delivery Vans For Amazon Begin Operations In USARivian will also start deliveries of its R1T and R1S electric pick-up and electric SUVs later in 2021.1 min read
Sahil Gupta | May 3, 2021LG, Samsung & SK Innovation Capture 31% Of Global EV Battery SupplyLG Energy Solution has also lost a few customers because of battery reliability.1 min read
car&bike Team | May 3, 2021Intel To Invest $600 Million To Expand Chip, Mobileye R&D In IsraelIntel Corp has said it will invest another $600 million in Israel to expand its research and development (R&D) and confirmed it was spending $10 billion on a new chip plant.1 min read
car&bike Team | May 1, 2021Volkswagen To Design Chips For Autonomous Vehicles, Says CEOVolkswagen plans to design and develop its own high-powered chips for autonomous vehicles, along with the required software, Chief Executive Herbert Diess told a German newspaper.1 min read
Sahil Gupta | Apr 30, 2021Volkswagen In Soup With SEC Over Voltswagen Renaming April Fool's StuntAfter it was caught cheating during diesel gate scandal Volkswagen has been on a quest to revamp its image in front of the public.1 min read
Sahil Gupta | Apr 30, 2021GM Has Announced A $1 Billion Investment In Mexico For EV ProductionThis investment includes new capacity for battery packs and electric motors for which manufacturing will begin in the second half of this year.1 min read
Sahil Gupta | Apr 30, 2021Chinese EV Maker Nio To Build a $7.7 Billion NeoPark For Global ExpansionThe construction of the site began earlier this week and will be finished within a year's time. Nio expects a gross yearly output of $77.24 billion.1 min read
