Geely Holding Group announces successful completion of USD 750 million A-Series fundraising for ZEEKR, with the premium electric mobility brand valued at USD 13 billion

Zhejiang Geely Holding Group (Geely Holding) welcomed a $750 million Series-A investment in its premium pure-play electric mobility brand, Zeekr Intelligent Technology (Zeekr). The investment from five investors, including Prof. Amnon Shashua, Contemporary Amperex Technology Ltd (CATL), and more, valued Zeekr at $13 billion.  Zeekr Accelerates Global Development with Series-A Funding With the funding raised […]

In German City Teledriving Trials Take Full Autonomous Driving Closer to Reality

Vay, a German startup, has made history by deploying the first vehicle without a human being inside on a European public road. This milestone marks a major step forward in the development of remote-controlled mobility services. Vay’s Teledriving Concept The company is promoting a new concept called “teledriving,” which involves human operators remote-controlling automobiles from […]

Engineers at NC State Propose Fourth Traffic Signal for Self-Driving Cars

Transportation engineers at North Carolina State University propose a fourth light at traffic lights, called the “white light,” to improve traffic flow and reduce fuel consumption. The white light concept uses the computing power of autonomous vehicles (AVs) and involves a new traffic signal for human drivers. The researchers have conducted computational simulations and found […]

AB Dynamics Unveils Advanced Pedestrian ADAS Target

AB Dynamics, a test solutions supplier, in collaboration with Dynamic Research, has launched a new pedestrian Advanced Driver Assistance System (ADAS) target named the Soft Pedestrian 360. The target aims to support the testing of sensor perception and categorization, and reduce the cost and time of testing through its improved design and robustness. Improved Realism […]

UK government has allocated £6.6 million in funding for world’s first SAE Level 4 autonomous hydrogen HGV

The Hub2Hub consortium has been awarded £6.6 million by the UK government to develop the world’s first autonomous zero-emission heavy goods vehicle (HGV). This will be the first vehicle of its kind and will provide new employment opportunities and increased efficiency, safety, and cost savings for the transportation and logistics sector. The consortium, which includes […]

Did Autonomous Vehicles Experience a Slowdown at CES 2023?

CES 2023 featured various exciting reveals in the automotive industry, from advanced infotainment systems to innovative electric vehicles. However, the focus on autonomous vehicles seems to have shifted from previous years. Mobileye’s Take on AV Sentiment Mobileye CEO, Amnon Shashua, noted that public sentiment towards autonomous driving has been swinging like a pendulum. A few […]

Self-Driving Cars Relying on Computers Could Greatly Drive Up Global Carbon Emissions

A new study by MIT researchers has found that the energy needed to run the powerful computers on autonomous vehicles could generate as many greenhouse gas emissions as data centers in the world today. Data centers currently account for 0.3% of global greenhouse gas emissions, the same amount of carbon produced by Argentina annually. The […]