Tag: Automotive
EV bus and truck maker The Lion Electric to take SPAC route to public markets
Canadian electric truck and bus manufacturer The Lion Electric Company said Monday it plans to become a publicly traded company via a merger with special purpose acquisition company Northern Genesis Acquisition Corp. The combined company, which will be listed on the New York Stock Exchange, will have a valuation of…
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Mobileye taps Luminar to supply lidar for its robotaxi fleet
Luminar, the buzzy sensor startup that is on the verge of becoming a publicly traded company, locked in a supplier deal to furnish Intel subsidiary Mobileye with lidar for its fleet of autonomous vehicles. The deal, announced Friday, will see a rising star paired with a company that has long…
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GM ups electric and autonomous vehicle spending to $27 billion through 2025
General Motors said it will spend $27 billion over the next five years on the development of electric vehicles and automated technology, a 35% percent increase that exceeds the automaker’s investment and gas and diesel and is an effort bring products to market faster. More than half of GM’s capital…
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Uber in talks to sell ATG self-driving unit to Aurora
Eighteen months ago, Uber’s self-driving car unit, Uber Advanced Technologies Group, was valued at $7.25 billion following a $1 billion investment from Toyota, DENSO and Softbank’s Vision Fund. Now, it’s up for sale and a competing autonomous vehicle technology startup is in talks with Uber to buy it, according to…
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Rivian electric pickup will debut with three editions, with a cheaper one to follow
Rivian is opening up pre-orders for three editions of its upcoming electric pickup truck and SUV that start as low as $67,500 and with a battery range of more than 300 miles. However, more options will follow, including a base version that will have a smaller range of at least…
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Rivian is making its hands-free driver assistance system standard in ‘every vehicle’ it builds
Electric automaker Rivian will makes its hands-free driver assistance system standard in every vehicle it builds, including its first two vehicles — the RT1 pickup truck and R1S SUV — that are coming to market in 2021. Details about the system, which is branded as Driver+, was just one of…
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