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Source: Nuro Nuro Inc. The companyoffers two flagship products to automotive manufacturers, suppliers, and mobility companies: the SAE Level 4 Nuro Driver and Level 2++ Nuro Driver Assist. It said each combines automotive-grade hardware with AI-first self-driving software. This marks the Mountain View, Calif.-based
Source: Gatik Gatik AI Inc. It claimed that this third-party audit was the first of its kind and that it marks a significant milestone toward commercialization of self-driving freight operations. based company launched its first driverless commercial transportation service with Walmart in 2021 and Kroger in 2023.
Source: Outrider Outrider today announced that it has raised $62 million in an oversubscribed Series D financing round. In January 2023, Outrider raised $73 million in Series C financing. It has employees in 10 countries developing and supporting its industrial-grade technology.
Source: Wayve Most self-driving vehicle developers, like Cruise and Waymo, meticulously map the areas their robotaxis will drive in. “Together, we’re excited to work with automotive OEMs to bring autonomous driving technologies to consumers sooner.” The company has an ongoing partnership with Uber Freight. Register now.
SMMT’s latest Sustainability Report shows that the UK automotive manufacturing sector shrunk its emissions to the lowest level on record last year, with emissions per vehicle made cut by -2.8% – while at the same time producing a record-high proportion of EVs.
Source: LinkedIn As The Robot Report reported last October, one of the biggest autotech stories of the year was the stalling of Cruise after California’s Department of Motor Vehicles suspended its driverless testing license. Last October, GM disclosed its billion-dollar purchase of the startup lost over $730 million during Q3 2023.
“Our hydrogen locomotive went from concept to reality in 24 months with the first zero emissions hydrogen locomotive having already pulled freight in revenue service. The second hydrogen locomotive is expected to enter service later in 2023. We look forward to this collaboration as we work to create a lower carbon future.”
There is a real short-term increase in the cost of international freight.” Forecast sales have decreased slightly in most product segments, with only limited growth related to customers’ competitive sourcing and moves to new technology. percent increase over 2023. We had budgeted a 3.5-percent
On 1 February 2023, the Government announced the winners of its deployments competition, where seven successful projects from around the UK form the most advanced set of commercial, self-driving passenger and freight operations anywhere in the world. Grant funding : £1.5 Partners: DRISK.AI Grant funding : £2.3 Grant funding : £1.8
That drop came from a 1-cent downward move for polymer-grade propylene feedstock and from buyers taking back 3 cents in margin, according to market sources contacted by Plastics News. In the engineering resins market, higher than normal inventories at the processor level led North American prices down in the last four months of 2023.
Brakes India is a leading automotive component supplier both to the domestic Indian market and to global markets. How has the automotive and the allied auto components sector, both in India and globally, transformed over the last couple of years? disruption in the automotive industry. There is massive C.A.S.E
on May 23, 2023. Following the closing of the transaction, which is expected to occur in the fourth quarter of 2023, existing Stratasys shareholders will own approximately 59% of the combined company, and legacy Desktop Metal stockholders will own approximately 41% of the combined company, in each case, on a fully diluted basis. “The
Ltd); Kapila Sandeep Soni, Managing Director, Croyance Automotive; Amit Lakhotia, Founder & CEO, Park+; and Rahul Bollini, Head-Emerging Technologies, JLNPhenix Energy. which are 15% to 30% lower even at the landed cost (including freight and duties). Kapila Sandeep Soni, Managing Director, Croyance Automotive.
Agility and resiliency remain essential attributes for manufacturers in 2023. While these two trends are common across many industries, perhaps nowhere are they more pronounced than in the automotive industry. Beyond the automotive industry, even the most basic household appliances are now wireless and connected.
offers its autonomous driving platform on a range of vehicles, including all-electric passenger robotaxis and long-distance freight trucks. Source: Pony.ai have been working together since since 2023. this week announced its seventh-generation autonomous driving system. ” Founded in 2016, Pony.ai Toyota and Pony.ai
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