The company is supplying Volvo with Lidar sensors to build their fully-autonomous cars. Recently, Luminar announced that they’d be slashing their prices and scaling up fast enough to meet the rapidly growing demand for its Lidar laser 3D sensors that enable self-driving cars to see all their surroundings.
Volkswagen says that Quantum computing technology could help come up with a “chemical blueprint” that will speed up development and production of electric vehicle batteries. The technology, according to VW, can analyze and build a specialized and customized car battery for future green cars.
Byton, a Chinese EV startup company has announced the acquisition of $500 million after the completion of series B round of funding. The funds put them in a strong financial position as they come closer to achieving their goal to have massive production of electric vehicles by the end of 2019.
Faraday Future is finally making some progress on their plans to deliver their first supercar by December this year.
CEO Elon Musk outlined in a conference call that Tesla plans to make the Model Y at a completely different factory. The new venue will be announced by the end of 2018. He added that the forthcoming vehicle will be ‘a manufacturing revolution’ when it begins production in 2020.
Tesla CEO Elon Musk has doubled down on his vision of car driving of the future. During a conference call on its latest earnings announcement, Musk said he foresaw individuals sharing their electric, self-driving vehicles.