KG Mobility and BYD, two prominent players in the automotive industry, have recently announced the expansion of their strategic partnership. This enhanced collaboration encompasses a battery pack factory agreement in Korea and a joint effort to develop cutting-edge next-generation hybrid systems. These new ventures signify a significant step forward for both companies and are poised […]
In the pursuit of cutting-edge and reliable Advanced Driver Assistance Systems (ADAS) and Autonomous Vehicle (AV) technology, TTTech Auto, a prominent provider of safe software solutions, has recently unveiled a strategic collaboration with Mobileye, a renowned company specializing in autonomous driving and driver assistance technologies. This partnership harnesses the core expertise of both entities to […]
Hyundai Motor Company and the Public Investment Fund (PIF) have recently inked a groundbreaking joint venture agreement aimed at establishing a highly automated vehicle manufacturing plant in Saudi Arabia. This ambitious project is set to become a pivotal player in the automotive industry, with the facility slated to produce both internal combustion engines and electric […]
Geely and Baidu have officially launched the 01 ROBOCAR, the world’s first consumer vehicle featuring Baidu’s full Apollo suite of Level 4 autonomous driving solutions. This futuristic autonomous electric vehicle (EV) marks a significant milestone in the partnership between Baidu and Geely, which began in January 2021 when Baidu expanded from software development into physical […]
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 […]
