autonomous-car

Despite National Security Concerns, Chinese Driverless Taxis Get Greenlight In California

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Despite National Security Concerns, Chinese Driverless Taxis Get Greenlight In California

WeRide, a Chinese autonomous vehicle company, has been authorised to test its driverless vehicles with passengers in California. This development occurs ahead of WeRide’s initial public offering (IPO) on the US stock market, aiming for a valuation of nearly $5 billion. Simultaneously, reports indicate the Commerce Department is considering banning Chinese-connected vehicles, including autonomous vehicles, … Read more

EV Startup Rivian Shares Jump Over 50% After $1 Billion Investment from Volkswagen

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EV Startup Rivian Shares Jump Over 50% After Billion Investment from Volkswagen

Volkswagen Group plans to enter a joint venture (JV) with US-based EV startup Rivian to leverage the latter’s electronic control units (ECU) architecture and software stack to create an industry-leading software-defined vehicle (SDV) technology platform. As part of the strategic partnership, Volkswagen will initially invest $1 billion in Rivian and an additional $4 billion by … Read more

Tesla settles lawsuit on eve of trial in deadly automated-driving crash

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Tesla settles lawsuit on eve of trial in deadly automated-driving crash

Tesla has settled a lawsuit over a 2018 car crash that killed an Apple engineer after his Model X, operating on Autopilot, swerved off a highway near San Francisco, court documents showed on Monday. The settlement was made on the eve of the trial over the high-profile accident involving Tesla’s driver-assistant technology. Tesla faces a … Read more