Mitra Chem takes aim at Chinese dominance of battery materials supply chain
Mitra Future Technologies, also known as Mitra Chem, has raised a $20 million Series A led by billionaire investor Chamath Palihapitiya's Social Capital Holdings. The startup aims to boost the North American battery supply chain industry that's currently dominated by China, by producing an
The world is waking up to driver monitoring systems
Driver monitoring systems (DMS) are fast becoming the leading automotive safety system in the world. In the United States, rapid growth of Level 2 driving assistance systems such as General Motors' Super Cruise and Ford's BlueCruise are quickly expediting and greatly expanding DMS usage.
Dr
Honda shows off the latest version of its ‘Autonomous Work Vehicle’
At CES 2018, Honda revealed several companion mobility robot concepts. It’s moving forward with at least one of them, an autonomous vehicle that can go off road. Honda and engineering company Black & Veatch have been putting the second-gen Autonomous Work Vehicle (AWV) through its paces a
The Station: The biggest deal of 2021 and executive shuffling in transportation land
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox.
Welcome to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B.
Early data shows Elon Musk’s Las Vegas Loop not yet up to speed
When Las Vegas Convention and Visitors Authority CEO Steve Hill unveiled The Boring Company’s plan for a subterranean shuttle that would whisk visitors to different parts of the city’s vast Convention Center campus, he predicted it would take just under two minutes to travel between its
GM plans to build a military vehicle based on the Hummer EV
The Hummer H1 was based on a military truck, and now it appears GM is ready to return the favor. GM Defense president Steve duMont told CNBC the company planned to build a military vehicle prototype based on the upcoming Hummer EV. The eLRV, or electric Light Reconnaissance Vehicle, would modify th
Elon Musk’s Tesla stock sale hits $5B mark
Elon Musk has sold about $5 billion worth of Tesla stock, according to a slew of regulatory filings that posted late Wednesday.
Initial filings showed Musk had sold 934,091 shares for about $1.1 billion out of more than 2.1 million options he received as part of a compensation package. Musk discl
Foxconn buys Lordstown Motors’ Ohio factory for $230M, plans to help produce Endurance electric pickup
Electric light-duty truck manufacturer Lordstown Motors has officially sold its 6.2-million-square-foot Lordstown, Ohio factory to Foxconn, the Taiwanese hardware manufacturing company best known for making Apple’s iPhone. The $230 million deal is expected to close by the end of April next ye
Ample raises $30M to take battery swapping business to Europe
Ample, a startup developing battery swapping technology for electric vehicles, has scored another $30 million from The Blackstone Group and Spanish multinational financial services company Banco Santander.
The San Francisco-based company should be at or near unicorn status, considering its valuatio
Congress mandates anti-drunk driving technology for cars
Congress is making its biggest push ever to stop drunk driving with President Biden’s huge infrastructure bill. As we previously reported, one of the provisions included a mandate for anti-drunk driving technology in new cars. Now, the Infrastructure Investment and Jobs Act has passed Congres
The DOJ is suing Uber over claims its ‘wait time’ fee policy discriminates against people with disabilities
The Department of Justice is suing ride-hailing giant Uber over claims that the company discriminates against passengers with disabilities, in violation of the U.S. Americans with Disabilities Act.
The suit, filed in the U.S. District Court for the Northern District of California on Wednesday, alle
Chinese EV startup Nio’s journey to the West
Nio, a Chinese electric vehicle startup listed on the NYSE, will be in at least six European markets by 2022.
The firm shared its ambitions for Europe on its earnings call this week. Nio is already taking orders for its electric SUVs and shipping small batches in Norway, its first stop outside Chin
Rivian raises $12B in one of the hottest IPOs of 2021
Electric automaker Rivian has priced its initial public offering at $78 a share, pushing it far above its targeted share price as investors dove in the year’s most highly anticipated IPO.
Updated: the story haas been updated to reflect the regulatory filing figures.
The compan
Workhorse reports $81M loss, plans to redesign C-1000 electric cargo van
Electric vehicle startup Workhorse Group is hemorrhaging money. During the company’s third-quarter earnings call, Workhorse reported an $81 million loss, blaming an increase in operating costs and a suspension of production due to recalls. Revenue is also in the negative to the tune of $576,6