First funding tranche for Verkor battery gigafactory near complete, ET Auto

Verkor has already raised around 350 million euros, mainly for a new innovation centre, a pilot production line already in operation and a “battery school” to train future employees. Verkor should complete the first tranche of fundraising for its future battery gigafactory in Dunkirk, France, in the coming weeks, co-founder and chief customer officer Philippe…

Read More

California Suspends GM’s Cruise Robotaxis Citing Safety Risks

The California Department of Motor Vehicles (DMV) ordered Cruise, General Motors’ self-driving taxi business, to remove all of its robotaxis from state roads effective immediately, according to Reuters. The DMV said that the GM-backed company had misrepresented the technology’s safety and suspended Cruise’s autonomous vehicle (AV) deployment and driverless testing permit, forcing it to use…

Read More

Volvo enters space race: Volvo EM90 is an all-electric minivan that provides limo levels of luxury for six

Volvo has pulled the drapes off the Volvo EM90, its first minivan in more than 70 years of car-making. Not only that it’s battery-powered and more luxurious than its flagship XC90 SUV. Created to battle with other luxury van-with-windows, like the latest $160,000 Lexus LM and Mercedes V-Class that spend their life shuttling VIPs and…

Read More

Bollore and Foxconn partner on tomorrow’s solid-state battery

Bollore’s Blue Solutions has signed a memorandum of understanding with Hon Hai Technology Group (Foxconn) and its subsidiary, SolidEdge Solution, to jointly develop a solid-state battery ecosystem for the electric two-wheeler market. Blue Solutions is a Bolloré Group entity and global industrial-scale designer and manufacturer of solid-state batteries, which have been marketed since 2011. The company has signed a memorandum…

Read More

Continental leads consortium of partners for digitalisation of auto parts production process, ET Auto

The project, which is funded by the German Federal Ministry for Economic Affairs and Climate Action and financed by the European Reconstruction and Resilience Facility, started on January 1, 2023, and is designed to run for around three years. New Delhi: Continental is digitalizing the entire production process for automotive components. To this end, the…

Read More