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NEOM, the smart and sustainable regional development in northwest Saudi Arabia, has announced an investment of USD 100 million, through the NEOM Investment Fund (NIF), into Pony.ai, a global autonomous driving company. Additionally, a joint venture will be established for autonomous technology solutions for the region.
Stellantis N.V. and Leapmotor announced that Stellantis plans to invest ca. €1.5 billion to acquire approximately 20% of Leapmotor. The deal also outlines the formation of Leapmotor International, a 51/49 Stellantis-led joint venture that has exclusive rights for the export and sale, as well as manufacturing, of Leapmotor products outside Greater China.
An unprecedented ecosystem of 19 leading innovators in the automotive, bicycle and technology sectors have joined forces to work towards advancing and deploying connected transportation solutions to help reduce the risks facing cyclists and e-bike riders on North American roads.
Mitsubishi Motors Corporation has announced its investment in Ampere, an EV and software company to be established by the Renault Group. The maximum investment in Ampere will be 200 million euros.
Insurance telematics, commonly known as usage-based insurance (UBI), is transforming the automotive insurance landscape. Telematics, a blend of “telecommunications” and “informatics”, involves collecting vehicle-related data via telecommunication networks.
The unveilings constitute of engine test cell for the development of a Hydrogen Internal Combustion Engine and the necessary infrastructure for storage and dispensing of Hydrogen fuel for the Fuel Cell and H2ICE vehicles.
Transport Minister confirmed that the Cabinet has given its approval to extend the current Delhi Electric Vehicle Policy until December 31, 2023, or until the notification of the forthcoming Delhi EV Policy 2.0, whichever occurs earlier.
Samsung SDI has signed a supply deal for electric vehicle batteries with Hyundai Motor Company for the first time. Samsung SDI said the company will supply prismatic batteries for Hyundai Motor’s electric vehicles targeting the European market for seven years from 2026 through 2032.
At the signing ceremony at Dongfeng Motor’s headquarters in the central Chinese city of Wuhan, Beyonca also inked a strategic cooperation deal with QG FZE-LLC regarding investment opportunities in the Middle East, according to the EV brand.
Blue Solutions has signed an MOU with Foxconn. The aim of the agreement is to jointly develop a solid-state battery ecosystem.