NEOM, the groundbreaking smart and sustainable regional development project located in northwest Saudi Arabia, has announced a substantial investment of $100 million through its NEOM Investment Fund (NIF) into Pony.ai, a globally recognized autonomous driving company. This strategic partnership will also pave the way for the establishment of a joint venture that will focus on […]
XPENG, a prominent Chinese smart electric vehicle (EV) company, recently unveiled a series of groundbreaking technological achievements and industry milestones during its fifth annual Tech Day in Guangzhou. Among the highlights of this event was the official introduction of the XPENG X9, a spacious 7-seater multi-purpose vehicle (MPV) with a futuristic design reminiscent of a […]
Toyota Motor North America, Inc. has taken a significant step towards the electrification of its vehicle lineup by entering into an agreement with Tesla, Inc. that promises to enhance the charging infrastructure for its battery electric vehicles (BEVs). In a groundbreaking move set to commence in 2025, Toyota and Lexus customers will gain unprecedented access […]
Cruise, General Motors (GM), and Honda have joined forces to establish an innovative joint venture with plans to launch a driverless ride service in Japan by early 2026, pending regulatory approvals. The three automotive giants aim to set up this groundbreaking venture in the first half of 2024. At the core of this ambitious project […]
Volta Trucks, a groundbreaking electric vehicle manufacturer, has announced its unfortunate decision to initiate bankruptcy proceedings in Sweden. Concurrently, the company’s primary trading entity, Volta Trucks Limited, is poised to file for administration in England. This grim turn of events has been precipitated by a chain reaction set in motion by the bankruptcy filing of […]
Honda Motor Co., Ltd. (Honda) and Mitsubishi Corporation (MC) have taken a significant step forward in the rapidly evolving world of electric vehicles (EVs) by signing a memorandum of understanding (MoU). Their mutual aim is to explore innovative business opportunities that harness the unique strengths of each company, with a primary focus on developing sustainable […]
Oxa, a prominent autonomous vehicle software developer, has teamed up with eVersum, a provider of electric commercial vehicles and passenger transportation solutions, to pioneer a groundbreaking initiative in shared autonomous passenger vehicles. This strategic partnership has been forged in response to the ever-growing demand for more adaptable, eco-friendly public transportation alternatives, particularly in the face […]
Hyundai Motor Company and Iveco Group N.V. made a groundbreaking announcement at Busworld 2023 in Brussels with the unveiling of the IVECO BUS E-WAY H2, a new addition to the IVECO BUS zero-emission solutions for urban environments. This venture marks another substantial achievement resulting from the strategic partnership announced by the two companies in March […]
GMV, a Spanish technology group, has secured a significant contract with BMW Group to provide cutting-edge positioning technology for the automaker’s next generation of automated driving systems. This announcement comes on the heels of a previous collaboration between the two companies in 2019 when GMV was tasked with developing GNSS (Global Navigation Satellite System) systems […]
In a groundbreaking move that further cements its commitment to the electric vehicle (EV) revolution, Ford has unveiled the highly anticipated all-electric F-150 Lightning Flash. This remarkable addition to the automotive giant’s lineup not only expands on the success of the existing XLT model but also ushers in a new era of in-demand technological capabilities, […]
