On May 15, Ethernovia, a solution provider for virtualizing vehicle communication by unifying in-vehicle networks, announced that it has completed its Series A financing round of $64 million. The funding round consists of multiple investors, including Porsche Automobile Holding SE, Qualcomm Ventures, VentureTech Alliance, AMD...
On May 15, Anovion Battery Materials, a low emission battery anode-grade graphite producer with a focus on improved processing and localization of resources, has announced that it has selected Decatur County in Southwest Georgia as the location of the company's first large-scale expansion of manufacturing...
Media Source : China’s Rapid Shift to EVs Hurting Japanese Carmakers 02 MAY 2023 Big Japanese brands are struggling to match their Chinese rivals, as buyers in the world’s biggest market transition to cheap electric vehicles Toyota said it would introduce a system to audit cloud settings and...
Media Source : Financial Times Foreign makers have been caught out by speed of transition to electric vehicles and rapid rise of domestic rivals EDWARD WHITE So far this year, almost two-thirds of the total number of passenger vehicles sold were manufactured by four Chinese groups and Tesla...
In April 2023, Jeffrey Chou, CEO & Co-Founder of Sonatus, a cloud-enabled in-vehicle connectivity and data management solutions platform, was interviewed by WardsAuto's 'This Month in AutoTech' on innovating in real-time with software-defined vehicles. "Software-defined vehicles can upgrade, control and monitor features, services and behaviors...
Media Source : Business Insider Nora Naughton and Tim Levin May 16, 2023, 1:24 PM ET 16 MAY 2023 There aren't currently any Chinese car brands for sale in the US, but some analysts are concerned they could eventually make a play to upend the US market. Sjoerd van der...
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6th Edition - May 19, 2023 This quarterly newsletter features exciting investment opportunities from our Automobility EXCELerate pipeline. The depicted companies are actively fundraising and aim to close a round in the next 3-6 months. Click on the links in the profiles for further details if...
Market Weakness Prevails in the Aftermath of Price War The ICE Age is ending in China - will foreign brands survive the transition? Comments from Bill Russo, Founder & CEO of Automobility Ltd. The 20th Shanghai International Automobile Industry Exhibition was held from April 18 to 27, 2023....
On Apr 13, B-ON, a full-service solution provider democratizing fleet electrification by providing access to an entire ecosystem of services, announced that it will partner with leading UK electric vehicle (EV) charger manufacturer EO Charging (EO) to expand its charging capabilities and network. The partnership...