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

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

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

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

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

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

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

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

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

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