EACON Mining Technology, a leader in autonomous haulage solutions, has recently completed its Series C funding round, amassing an impressive $55.22 million. This round was led by Richen Capital, with significant contributions from Shenyin&Wanguo Capital Management and previous investors like…
Hyundai Motor Group and Motional, a leader in autonomous driving technologies, have announced the inauguration of the Hyundai Motor Group Innovation Center in Singapore (HMGICS). This facility heralds a new era in automotive innovation, as it is the birthplace of…
RoboSense, a pivotal player in the global LiDAR and perception solutions industry, has announced a record-breaking third quarter in 2023. The company’s LiDAR sensor sales reached an impressive 60,000 units, out of which over 53,000 were dedicated to advanced driver…
Arbe Robotics Ltd., a leader in radar technology for autonomous vehicles, has been honored with the prestigious Self-Driving Industry 2023 Award by Cars of the Future. This recognition, in the hardware category, underscores Arbe’s impact in advancing automotive radar systems.…
Hesai Technology, a global leader in lidar sensor technology, recently announced a significant achievement: its ET25 model has been honored as a CES 2024 Innovation Awards recipient. This award, which highlights excellence in design and engineering for cutting-edge technology products,…
Kyle Vogt, co-founder and CEO of Cruise, the autonomous vehicle subsidiary of General Motors, has resigned. This move comes amid a series of operational challenges and safety concerns within the company. Why It Matters Vogt’s departure signifies a pivotal moment…
In a significant leap for automotive technology, two major auto shows in Guangzhou and Los Angeles are currently showcasing an array of AI-powered vehicles. Lotus, along with other notable brands such as ZEEKR, DENZA, Genesis, Lucid, NIO, and XPENG, is…
Lotus has unveiled the Emeya hyper-GT, a breakthrough in automotive technology that combines 75 years of heritage with cutting-edge performance. The highlight of this new model is its unparalleled processing power, courtesy of the NVIDIA DRIVE platform. This innovative approach…
The Teamsters Union in New York has taken a firm stance against Waymo, the autonomous vehicle subsidiary of Google, as it plans to expand its robotaxi operations in the state. Citing safety concerns and potential job losses, the union is…
Continental Automotive has once again marked its innovation footprint by securing the CES 2024 Innovation Award in Vehicle Tech & Advanced Mobility for its Radar Vision Parking technology. This cutting-edge solution blends high-resolution surround radars with cameras, revolutionizing parking by…