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  • Chinese-funded electric vehicle manufacturer Byton is seeking to raise at least $500 million to finance growth, valuing the nearly three-year-old company at more than $4 billion, two people familiar with the matter told Reuters. The latest round of fundraising comes as China's government promotes new energy vehicles (NEVs), a category comprising battery-powered and plug-in battery-petrol hybrid cars, to help reduce air pollution and support high technology development. Byton is keen to primarily attract foreign investors in its latest fundraising and the proceeds will be mainly used to finance the mass production of its first premium electric SUV vehicle - Byton M-Byte and research and development, one of the sources said on condition of anonymity as discussions are still private.
    EV Startup Byton Aims To Raise $500 Million To Fund Growth

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  • The Obama administration said it is taking a first step toward requiring that future cars and light trucks be equipped with technology that enables them to warn each other of potential danger in time to avoid collisions.
    US Wants to Make Cars Talk to Each Other
  • The US Army is embracing systems which will provide increased situational awareness and decrease the probability of accidents using safety features such as obstacle detection, collision avoidance, lane departure, tip-over warnings and vision enhancements for low-visibility conditions.
    The US Army to Get Autonomous Vehicles Soon
  • Hero MotoCorp, India's largest two-wheeler maker, is looking to start selling bikes in the US next year, hoping to create a niche market for its products. The Company is confident that its motorcycles will be accepted well in the US.
    Hero MotoCorp Plans to Start Selling Bikes in US Next Year