Volkswagen plans to invest up to $5 billion in electric vehicle startup Rivian, starting with an initial investment of $1 billion. The additional $4 billion is expected to be invested following the establishment of a joint venture. Rivian is up about 50% afterhours. The Rivian and Volkswagen Group joint venture will create vehicle software. Volkswagen …
Researchers at the Department of Energy’s Oak Ridge National Laboratory have successfully demonstrated the first 270-kW wireless power transfer to a light-duty electric vehicle. The demonstration used a Porsche Taycan and was conducted in collaboration with Volkswagen Group of America using the ORNL-developed polyphase wireless charging system. As a light-duty passenger vehicle, the Porsche Taycan …
Every Tesla FSD sale even with the price cuts is $8000 per car or $99 per month. The $99 per month is $1200 per year or $7200 for six years. Tesla has the highest profit per car of all car makers at $7000 per car. This is why Tesla FSD before robotaxi is a big …
Billionaire investor and fund manager Ron Baron describes his ride in what seems to be the unreleased version of Tesla FSD. Waymo are $250,000 each. Ron was in California on Monday last week and was taken on a ride with the latest version of Tesla FSD. He says this is the moment for [supervised] autonomous …
Tesla FSD pricing and licensing strategies for maximum adoption. 1. Allow OEM to integrate it into any car for free or at cost. Car owner pays for FSD license 2. Active safety & basics comes free 3. Leverage Supercharger deals. Offer same pricing as Tesla cars for EVs that integrate FSD hardware & share data …
Elon Musk says Tesla FSD V12.4 is another big jump in capabilities and the training compute limitations are almost gone. AI expert James Douma had said that with additional training and data, he expected FSD V12.X to reach 0.1-1% of the interventions for Tesla FSD v11.X. If the level of improvement expected by James Douma …
Lordstown Motors has completed a bankruptcy deal. GM invested $75 million in the EV startup Lordstown Motors in 2019, and then sold in late 2021. GM invested as part of the sale of an Ohio plant to the electric vehicle startup as well as a $675 million SPAC deal that took Lordstown public. Lordstown Motor …
Charge Enterprises built electric charging for dealers, hotels and other business customers. They made as much as $750 million per year in revenue but almost always had losses. GM and Stellantis were among the funders and customers of Charge Enterprises. In August 2023, GM, Honda, BMW, Mercedes-Benz, Hyundai, Kia, and Stellantis announced a $1 billion …
Rivian CEO and Founder RJ Scaringe debuts the next generation of Rivian’s vehicles: R2, R3 and R3X. Rivian is targeting delivery of the R2 in mid-2026. Rivian Automotive unveiled three new vehicles and announced over $2 billion in lower expenses by delaying construction on a plant in Georgia. The R2 is expected to start at …
Chinese wholesale passenger NEVs (New energy vehicles, battery and hybrid) in February were 441,000 units, down 11 percent from a year ago and down 37 percent from January, according to the CPCA (China Passenger Car Association). Cumulative wholesale sales of Chinese passenger NEVs so far this year totaled 1.123 million units, up 27 percent year-on-year. …
UBTECH’s humanoid robot Walker S was introduced into the assembly line of electric car maker NIO’s advanced vehicle manufacturing center, as an “intern” assisting in the car production. Walker S is the first bipedal humanoid robot to complete a specific workstation’s tasks on a mobile EV production line. UBTECH humanoid robot will also be placed …