International News
Cummins cooperates with Navistar to develop a Class 8 hydrogen fuel truck with a range of up to 300 miles.
Cummins Inc., a global power leader, announced a partnership with Navistar International Corporation. to jointly develop Class 8 trucks powered by hydrogen fuel cells. .
Part of the funding for the project will be provided by an award announced in August by the Office of Energy Efficiency and Renewable Resources (EERE) of the US Department of Energy (DOE). In addition, the project is part of DOE's "H2@Scale" program, which aims to produce, store, distribute and use hydrogen fuel at low cost.
FCA and Engie will establish an electric mobility joint venture
On January 12, Fiat Chrysler (FCA) and Engie EPS, a subsidiary of the French utility company Engie, stated that they plan to establish a joint venture to promote the development of electric mobility. EPS is committed to the development of energy storage systems and microgrids.
In January of this year, FCA signed an agreement with Engie to become a partner in new electric mobility solutions. The latter will provide charging services for FCA's electric vehicles in 14 European countries. On November 12, FCA’s Italian division and EPS signed a memorandum of understanding. The two companies stated that they expect to sign a final agreement this year to establish a joint venture in the first quarter of 2021.
LG Chemical battery business subsidiary named "LG Energy Solution"
According to LG Chem and industry news on the 9th, the battery business subsidiary of LG Chem to be split next month will finally be named "LG Energy Solution" (LG Energy Solution) .
LG Chem first publicized its tentative new corporate name "LG Energy Solutions" on September 17, and after consulting with all staff and cadres, it was deemed that the name complied with the purpose of establishing the new legal entity, and the energy solution was LG Chem Battery The original English name of the business division can reduce the inconvenience caused to customers due to the name change, so it was decided to use this name.
Domestic news
Huawei and Ningde era "make cars" a new attempt to jointly build a smart car high-end brand
with Changan Auto Smart car brand, and the first mass-produced model will soon be put into production.
BAIC intends to achieve mass production of L4 autonomous driving in 2025.
On November 11, BAIC Group Party Secretary and Chairman Jiang Deyi stated that BAIC will strive to achieve mass production of L4 autonomous driving products by 2025 and fully automatic L5. The development of driving technology is mature.
On the same day, a new generation of L4 self-driving cars jointly launched by BAIC and Didi Autonomous Driving also debuted at the World Intelligent Connected Cars Conference and provided a test ride experience. It is reported that this is an L4 self-driving vehicle modified based on BEIJING-EU7. Participants can request a car in the venue through the Didi App. In the future, around this L4-level autonomous driving vehicle, BAIC Group and Didi Autonomous Driving will explore the possibility of landing and operating in a wider range.
Wutong Automobile Association Announces Technical Details of OpenOS Car Operating System
On November 11, Tencent's car networking company Wutong Automobile Association shared the product details of TINNOVE OpenOS (OpenOS for short) vehicle operating system and TINNOVE 3.0 integrated solution for the first time. The OpenOS vehicle operating system is a third-party vehicle operating system developed based on the Android system. It has two core features. One is that the functions are modular and independent of each other; the other is that developers can directly use the functions provided by OpenOS, but also Choose to develop by yourself.
The 5 billion Volvo Cars supply chain project settled in Chengdu
Six Volvo car suppliers including BAIC Moulding, Minth Group, Shanghai Lear, Cosdrun, Orion (Shanghai), Nantong Yeda, etc. November Signed an agreement with Chengdu Economic and Technological Development Zone on the 6th to invest 5 billion yuan in local production of car seats, new energy vehicle battery packs, and insuranceThis means that my country’s western region will play a more important role in Volvo Car’s supply chain map.
Amazon Cloud Service (AWS) helps Toyota Connect to fully implement the Internet of Vehicles service in China
Recently, Toyota Connect (Beijing) Technology Development Co., Ltd. (Toyota Connect) developed a data lake based on Amazon Cloud Services (AWS)-Toyota Big Data Center China Officially launched. It can store and process dozens of terabytes of data generated by tens of millions of Toyota vehicles every day during the driving process, and promote the large-scale implementation of Toyota's Internet of Vehicles solutions in the Chinese market. Through the storage and analysis of massive data, Toyota Big Data Center China can provide users with a variety of innovative services, such as helping drivers use cars more safely and helping car owners obtain car insurance discounts based on driving behavior data. With the help of the AWS technical expert team, Toyota Internet completed the development and deployment of this project within 5 months, and greatly reduced the cost of cloud resource usage with the help of AWS's powerful cloud services and functions.
Investment and financing news
Autonomous driving company Nuro completes $500 million Series C financing Softbank Vision Fund co-investment
According to foreign media reports, Nuro, a company dedicated to building purely electric self-driving cars and used for delivery, announced that they have completed 500 million. The US dollar C round of financing, the first phase of the SoftBank Vision Fund also participated in this round of financing.
Nuro announced the news on the official website on Monday, local time. This round of financing was led by T. Rowe Price Associates. The new investors also included Fidelity Management Research and Baillie Gifford, the latter is Tesla’s shareholder , Has also invested in many technology companies such as Amazon, Lyft and SpaceX.
Autonomous Driving Company "Incept Technology" received another US$120 million in financing, and CATL led the investment of
On November 9, Incept Technology, a self-driving truck technology and operation company, completed a new round of US$120 million in equity financing. This round of financing was led by Ningde Times, a lithium-ion battery R&D and manufacturing company, and all original shareholders such as GLP, G7, and Weilai Capital followed the investment. Inceptio Technology said that through this round of financing, they will accelerate the mass production and commercial operation of L3 autonomous driving heavy trucks.
Zhuishi Technology completes tens of millions of yuan in Pre-A round of financing
On October 30, Shanghai Zhuishi Technology Co., Ltd. (hereinafter referred to as: Zhuishi Technology), which focuses on low-speed autonomous driving, announced the completion of tens of millions of yuan in Pre-A round financing. This round of financing was led by Yunqi Capital, followed by BAIC Industrial Investment, Zhangjiang Technology Investment and Zhongnan Venture Capital Fund. Yu Mengmeng, COO of
Chase Technology, said that this round of financing will increase investment in several aspects: 1. Raise technical barriers and continue to maintain technological leadership in AVP, HZP and APA; 2. In terms of maps, smart parking lots, etc. Continue to invest in core technology research and development to prepare for the creation of a low-speed autonomous driving ecosystem; 3. Industrialization will be implemented to achieve mass production of parking systems.
*News information comes from websites such as Cheyun.com, Gasgoo, Sina, etc.
