Press Releases
Smart Eye AB, a global leader in interior sensing AI, and OmniVision Technologies, Inc., a leading developer of advanced digital imaging solutions, jointly announce today a full Interior Sensing solution for automotive OEMs that enables complete driver and cabin monitoring with videoconferencing applications from a single RGB-IR sensor. The solution is the first integrated video processing chain, which combines innovative features based on the OmniVision OV2312 RGB-IR sensor, suppor
Read more...Tactile Mobility, the leading tactile data and virtual sensing technology company, announced today the launch of its first-of-its-kind runover virtual sensor solution providing vehicles with the ability to identify in real-time an initial runover of an object and prevent a full runover. The software-only solution uses "sense of touch" technology to detect a variety of objects on the road of different heights, sizes, shapes, and materials – both organic and hard &ndas
Read more...16 July 2021
Schneider Electric, the leader in digital transformation of energy management and automation, today has been selected as a preferred provider for GM’s Ultium Charge 360 fleet service to support electric vehicle infrastructure. The move will facilitate GM’s commitment to fleet electrification and provide a more seamless experience for GM fleet and BrightDrop customers via an end-to-end solution offered by Schneider Electric. Schneider Electric’s new EcoStruxure for
Read more...Chevron U.S.A. Inc., through its Chevron Products Company division (Chevron), and Cummins Inc., a global power and hydrogen technologies leader, announced a memorandum of understanding (MOU) to explore a strategic alliance to develop commercially viable business opportunities in hydrogen and other alternative energy sources. The MOU provides the framework for Chevron and Cummins to initially collaborate on four main objectives: advancing public policy that promotes hydrogen as a dec
Read more...15 July 2021
ON Semiconductor, today announced that its image sensing and LiDAR technologies power key functions of AutoX’s Gen5 self-driving platform. Revealed at the World Artificial Intelligence Conference, the new Gen5 autonomous vehicle technology enables the first fully driverless RoboTaxi, designed to democratize autonomy and provide universal access to the transportation of people and goods. “In our quest to bring our Level 4 autonomous RoboTaxi to the market, ON Semiconducto
Read more...AEye, Inc., the global leader in adaptive, high-performance LiDAR solutions, today announced a development partnership with global self-driving technology company, TuSimple. TuSimple is working with VW’s TRATON Group to develop a commercial-ready fully autonomous system for heavy-duty trucks, and is co-developing Level 4 self-driving trucks with Navistar, targeting production in 2024. TuSimple selected AEye as a development partner based on AEye LiDAR’s extreme long-range performa
Read more...Cummins Inc. has taken another step forward in advancing zero carbon technology as the company began testing a hydrogen-fueled internal combustion engine. The proof-of-concept test is building on Cummins’ existing technology leadership in gaseous-fuel applications and powertrain leadership to create new power solutions that help customers meet the energy and environmental needs of the future. “Cummins is thrilled about the potential of the hydrogen engine to reduce emiss
Read more...REE Automotive (REE), a leader in e-Mobility, which is in the process of closing its merger with 10X Capital Venture Acquisition Corp., today announced a strategic collaboration with EAVX, a wholly owned business unit of JB Poindexter & Co (JBPCO). The JB Poindexter business enterprise includes commercial work truck bodies and accessory industry leaders Morgan Olson, Morgan Corporation, Reading, Truck Accessories Group, and Masterack. REE and EAVX will collaborate to develop best-in-class
Read more...Electric Last Mile Solutions, Inc., a designer of intelligent, e-mobility workstations for the last mile, today announced that it has signed a binding, long-term supply agreement with Liuzhou Wuling Automobile Industry Co., Ltd., a supplier of automotive components and one of China’s leading automotive manufacturers of electric cargo vans and light duty specialty vehicles. Under the agreement with Wuling Motors, ELMS will have long-term access to EV component systems and parts
Read more...Ampcera Inc., an innovator in solid-state electrolyte and battery technologies, announces its Phase I Small Business Innovative Research (SBIR) grant from the U.S. Department of Energy (DOE) Vehicle Technologies Office for the development of a lithium dendrite suppressing solid-state electrolyte membrane for lithium metal batteries using a high-throughput scaled manufacturing approach. In addition, Ampcera recently received private investment to fund further development. Ampcera is
Read more...2 July 2021
ATLIS Motor Vehicles, Inc. (ATLIS) announced a $300 million capital commitment from GEM Global Yield, LLC SCS (GGY), a Luxembourg-based private alternative investment group. Under the agreement, GEM will provide ATLIS with a Share Subscription Facility of up to $300 million for a 36-month term following the public listing of ATLIS's common stock. ATLIS will control the timing and maximum amount of each drawdown under the facility and has no minimum drawdown obligation. Concurren
Read more...MAPFRE Launches MotionSmart℠ to Reward Safe Driving, in Partnership with Cambridge Mobile Telematics
2 July 2021
MAPFRE, the largest auto insurer in Massachusetts, today launched MotionSmart℠, a usage-based insurance (UBI) program available to new MAPFRE policyholders in Massachusetts. Developed in partnership with Cambridge Mobile Telematics (CMT), the largest telematics company in the world, MotionSmart assesses users’ driving behaviors and provides personalized safe-driving tips, based on real-time behavior. New MAPFRE policyholders who participate in the program will receive a disc
Read more...Cummins Inc. and Rush Enterprises, Inc. today announced that they have signed a Letter of Intent for Cummins to acquire a 50% equity interest in Momentum Fuel Technologies from Rush Enterprises. The proposed transaction is expected to close later this year, subject to completion of customary pre-closing activities and entering into mutually agreeable transaction documentation. The joint venture between Rush Enterprises and Cummins will produce Cummins-branded natural gas fuel delive
Read more...24 June 2021
Smart Eye, the leader in AI-based eye tracking, announced that it has completed its acquisition of Affectiva, the pioneer of Emotion AI and Human Perception AI, per the agreement that was announced on May 25, 2021. The newly merged company has formed a global AI powerhouse that will lead and accelerate the growth and development of software for automotive Interior Sensing, Media Analytics, Human Factors Research and other adjacent markets. Post-closing, Smart Eye and Affectiva are f
Read more...Embark Trucks, Inc., a leading developer of autonomous software technology for the trucking industry and Northern Genesis Acquisition Corp. II, a publicly-traded special purpose acquisition company, jointly announced today that they have entered into a definitive business combination agreement that will result in Embark becoming a publicly listed company. Founded in San Francisco by CEO Alex Rodrigues and CTO Brandon Moak, Embark is a leading developer of software for self-driving t
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