Autonomous car | Pixr8 News

13Jun By NitishNo Comments

Automobile

Future of Automobile Industry & Key Trends

The future of automobile industry is expected to be shaped by several key trends and developments. Here are some significant aspects that could shape the industry in the coming years: Electric Vehicles (EVs): The shift toward electric vehicles is gaining momentum. Governments around the world are setting ambitious targets to reduce carbon emissions, and automakers are investing heavily in the development of electric cars. As battery technology improves, EVs are becoming more affordable, offering longer ranges, and charging infrastructure is expanding. This trend is likely to continue, leading to increased adoption of electric vehicles. Autonomous Vehicles (AVs): Self-driving cars are another major development in the automobile industry. Companies are investing in autono...

Amazon agrees to buy self-driving startup Zoox for over $1 billion

26Jun By reutersNo Comments

Automobile

Amazon agrees to buy self-driving startup Zoox for over $1 billion

Seattle, 26th June, 2020: Amazon has agreed to pay over $1 billion to buy self-driving startup Zoox Inc, the Information reported on Thursday, citing sources, in a move that would expand the e-commerce giant's reach in autonomous-vehicle technology. The report did not mention the exact purchase price and added Amazon is unlikely to disclose it when the deal is announced, likely to be on Friday. A majority of Zoox investors are getting their money back, with some making a positive return, the report added. Lux Capital, DFJ and Atlassian co-founder Michael Cannon-Brooks are some of the investors. Amazon and Zoox did not immediately respond to a Reuters request for comment. The Wall Street Journal reported last month that the companies were in advanced talks and the deal could val...

Baidu and BYD Partner for Mass Production of Autonomous Cars

7Sep By Gauri SinghNo Comments

CHINA

Baidu and BYD Partner for Mass Production of Autonomous Cars

China’s largest technology company and search engine Baidu Inc and China's leading electric car maker BYD have announced their plan that bothr the companies are partnering with an aim to start mass producing self-driving cars in the coming three years' time. It was last year that Baidu had launched Project Apollo, which was titled after the Apollo moon landing project. The project was started to mark the start of its push to get self-driving cars on the road in China. A technician from Baidu informed that Project Apollo will offer the software platform that can be used by car manufacturers. Baidu has already manufactured more than 100 autonomous buses and has plans to sell to foreign markets, including Japan, which is set to receive 10 in early 2019. Apart from BYD, China’s Google ha...

Uber Resumes Driverless Car Programme After Crash in Arizona

28Mar By reutersNo Comments

News, USA

Uber Resumes Driverless Car Programme After Crash in Arizona

Driverless vehicles operated by Uber Technologies Inc were back on the road in San Francisco on Monday after one of its self-driving cars crashed in Arizona, the ride-hailing company said. Uber's autonomous vehicles in Arizona and Pittsburgh, Pennsylvania, remained grounded but were expected to be operating again soon, according to a spokeswoman for the company, who refused to be identified. "We are resuming our development operations in San Francisco this morning," she said in an email. Uber's San Francisco program is currently in development mode. It has two cars registered with the California Department of Motor Vehicles, but is not transporting passengers. The spokeswoman said because of this, the company felt confident in putting the cars back on the road while it investig...

Tesla Raises $1.2 Billion, 20 Percent More Than Planned

19Mar By reutersNo Comments

FUNDING

Tesla Raises $1.2 Billion, 20 Percent More Than Planned

Tesla said on Friday it had raised about $1.2 billion, roughly 20 percent more than it had planned, by selling common shares and convertible debt, ahead of the launch of the crucial Model 3 sedan. The company, led by Elon Musk, said it sold 1.3 million common shares at $262 apiece to raise $350 million and that it raised another $850 million though the sale of convertible senior notes due 2022. The electric car company said on Wednesday it planned to sell $250 million worth of stock and $750 million in notes. Tesla had been expected to raise capital since late last year, with the expectations gaining steam last month after Musk said the company could be "close to the edge" on cash needs. Musk had Tesla was considering a number of options, including raising capital, to reduce ri...

World’s First Autonomous Taxis Hit The Road in Singapore

25Aug By NitishNo Comments

Automobile

World’s First Autonomous Taxis Hit The Road in Singapore

AP- The world's first self-driving taxis began picking up passengers in Singapore starting Thursday. Select members of the public can hail a free ride through their smartphones in taxis operated by nuTonomy, an autonomous vehicle software startup. While multiple companies, including Google and Volvo, have been testing self-driving cars on public roads for several years, nuTonomy says is the first to offer rides to the public. Its launch in Singapore is beating ride-hailing service Uber, which plans to offer rides in autonomous cars in Pittsburgh, by a few weeks. NuTonomy is starting small - six cars now, growing to a dozen by the end of the year. The ultimate goal, company executives say, is to have a fully self-driving taxi fleet in Singapore by 2018, to help cut the number of cars o...