Tag: Automotive
Tesla said to be readying new long-lasting, low-cost batteries to put EVs at price parity with gas cars
Tesla CEO Elon Musk has been touting forthcoming battery technology improvements, going so far as to dub a forthcoming company talk “battery day” in prior public comments. Now Reuters is reporting that the automaker plans to unveil new advanced in battery technology it has developed that can produce power sources…
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7 top mobility VCs discuss COVID-19 strategies and trends
As COVID-19 swept across the globe, no sector lay untouched, but perhaps no industry was more disrupted than transportation. Airlines slashed routes, public transit use plummeted, ridership on Uber, Lyft and other ride-hailing platforms dropped and shared scooter companies pulled products from city streets. Meanwhile, e-bike sales bloomed and on-demand…
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Porsche rolls out search platform for its U.S. used car inventory
Porsche Cars North America has launched a new online platform called Porsche Finder that lets customers search for used vehicles across its dealership network, the latest step by the automaker to create an online marketplace. The new platform, which was developed by the automaker’s Porsche Digital subsidiary and PCNA, enables…
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Waymo expands first external investment round to $3 billion
Waymo has added an additional $800 million to the $2.25 billion funding round that it first announced in March, bringing the total size of the financing (its first from investors outside of Alphabet) to $3 billion. The extension comes from new investors including those managed by T. Rowe Price, Perry…
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Elon Musk just put a new person in charge of production at Tesla’s Fremont factory
On the same day that Elon Musk defied local regulations and reopened Tesla’s factory in Fremont, California, the CEO put a new person in charge of production. Musk named Richard Miller, who was director of paint operations at Tesla, to head of production at the factory, according to an internal…
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Fiat Chrysler and AV startup Voyage partner on self-driving minivans
Self-driving vehicle startup Voyage said Monday that it has inked a deal with Fiat Chrysler to supply purpose-built vehicles, a partnership that will help accelerate its plan to launch a fully driverless ride-hailing service. Voyage, a three-year-old startup that tests and operates a self-driving vehicle service (with human safety operators)…
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