Date: May 3, 2024. — Motional, a self-driving car company co-founded by Hyundai and Aptiv in 2020, has secured a major investment of $475 million from Hyundai. This is part of a larger deal where Hyundai is also buying an 11% stake in Motional from Aptiv for $448 million. This investment strengthens Hyundai’s position in the self-driving car market. They will now have an 85% controlling stake in Motional, up from the previous 50/50 split with Aptiv. The investment will support the launch of a robotaxi service planned for later this year, which will utilize driverless Hyundai Ioniq 5 vehicles ..read more

Potential has secured an additional Canadian $2 million in funding to further commercialize its technology. This builds on two previous seed round commitments, for a total of $8.5M raised since May 2020. Potential Motors, a Canadian automotive tech company develops AI-powered off-road vehicles with self-driving capabilities for a safer and more thrilling experience. Investors in the extension include returning partners Brightspark Ventures, Build Ventures and NBIF (the New Brunswick Innovation Foundation), with Farpointe joining for the first time. They join existing investors, including ..read more

STARKVILLE, Miss.— Mississippi State University is introducing an electric-autonomous passenger shuttle system pilot program to campus and the community this fall, demonstrating its commitment to technology, innovation, and research. With deployment by Beep, Inc., a provider of autonomous and electric shared mobility solutions, the system will be the first of its kind in the state and in the Southeastern Conference, and is designed for safety, sustainability, accessibility, and efficiency. In September, a pilot project will introduce two shuttles capable of seating up to 11 passengers each, wh ..read more

LONG BEACH, Calif. (May 2, 2024) – FuelCell Energy, Inc. and Toyota Motor North America, Inc. are celebrating the grand opening of the first-of-its-kind “Tri-gen” system at the Port of Long Beach, California. Tri-gen uses biogas to produce renewable electricity, renewable hydrogen, and usable water, and was built to support the vehicle processing and distribution center for Toyota Logistics Services (TLS) at Long Beach, Toyota’s largest North American vehicle processing facility that receives approximately 200,000 new Toyota and Lexus vehicles annually. FuelCell Energy is a company t ..read more

The eSync Alliance announced the launch of Version 2.2 of its eSync specification, a standard for over-the-air data exchange in vehicles. This new version focuses on improving compatibility between different systems, allowing automakers and parts suppliers to work together more easily. The company believes this will speed up the development of Software Defined Vehicles (SDVs). The eSync Alliance is a non-profit organization creating a standardized system for car manufacturers to securely update software and receive data wirelessly in vehicles. Version 2.2 draws on the accumulated experiences o ..read more

Date: May 02, 2024. — CalAmp Corp., a company develops technology to track and manage mobile assets, like vehicles and drivers, for improved efficiency, safety, and compliance, has been making significant strides in vehicle communication and efficiency systems with two of its latest patents. Patent 11924303: Systems and Methods for Dynamic Telematics Messaging This patent relates to the field of system communication processing, specifically to dynamically processing disparate messages within telematics. The patented system includes at least one vehicle telematics device and a dynamic telematic ..read more

IRVINE, Calif., May 01, 2024 (GLOBE NEWSWIRE) — CalAmp announces the launch of Dispatch Monitor, this application seamlessly integrates with the CalAmp K-12 suite of application solutions, fortifying CalAmp’s commitment to improving school bus fleet management. CalAmp is a company that develops Internet of Things (IoT) technology for fleet management, helping businesses track and manage vehicles, drivers, and assets. This feature allows school bus operators to monitor and manage their fleet in real-time, ensuring that their vehicles are always on schedule and operating safely. Dispatch Monitor ..read more

GARDENA, Calif. (May 1, 2024) – Toyota Motor North America (TMNA) announced that it is renaming the TMNA R&D California office as its new North American Hydrogen Headquarters (H2HQ). This move is to reaffirm its commitment to support fuel cell and additional hydrogen-related products and technology toward a hydrogen economy. The office workspace at the new H2HQ was recently redesigned for its teams working from research and development to commercialization planning and sales of hydrogen-related products and technologies. There are plans to add key features to the H2HQ campus in the fu ..read more

Bengaluru, Karnataka, India — TVS Motor Company registered a growth of 25% with sales increasing from 306,224 units in April 2023 to 383,615 units in April 2024.  Two-Wheeler Total two-wheelers registered a growth of 27% with sales increasing from 294,786 units in the month of April 2023 to 374,592 units in April 2024. Domestic two-wheeler registered growth of 29% with sales increasing from 232,956 units in April 2023 to 301,449 units in April 2024.    Motorcycle registered a growth of 24% with sales increasing from 152,365 units in April ..read more

Date: May 1, 2024. — Tesla’s is looking forward to introduce its Full Self-Driving (FSD) system in China. In the process, it is encountering stiff competition from local rivals who are advancing rapidly in the autonomous vehicle space. During a recent visit to Beijing, Elon Musk discussed the potential deployment of Tesla’s FSD system and sought government approvals for the transfer of vehicle data from China to overseas, which is crucial for the development of autonomous driving technologies. While Tesla’s approach relies solely on cameras for its self-driving technology, competitors in China ..read more