Technology News

Earlier last year, the unit had raised $1 billion (758 million pounds) from a consortium of investors including SoftBank, that valued it at $7.25 billion.

Approximately 35 billion Euros will be spent on battery-electric vehicles. A further approximately 11 billion Euros has been earmarked for the development of hybrid vehicles of existing models.

Velodyne expects automotive-grade mass manufacturing to be under way by the second half of 2021 and that the devices could show up in vehicles in 2022 or 2023.

In a response to a tweet, Waymos official twitter handle emphatically said -yes- claiming its technology was superior than its -vocal- rivals.

The bright yellow, sporty electric two-seater named Luca can reach a top speed of 90 km and can complete 220 km when fully charged.

Brown also had some strong comments for the Racing Point team.

It has also become the go-to partner for new electric vehicles in the US, particularly ones that are coming from European or Asian brands.

The automaker is going all-in on electric cars and is electrifying its iconic Mustang with the new Mustang Mach-E, apart from the Transit.