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This years list of the most innovative automotive companies recognizes both the upstarts and the incumbents advancing the next era in mobility. Chinas largest car company, BYD , became the worlds second-biggest EV maker in 2024 due to the rollout of its ultra-affordable models such as the $11,000 Seagull as it grows its global footprint.
The South Korea-based company says its batteries’ advantages over lithium ion include less risk of ignition and the ease of sourcing vanadium. The latter is an important selling point, as electric vehicle makers face a potential shortage of lithium ion batteries. VIB cannot be as compact as lithium ion.
YOUIBOT, as a highly influential participant in the production of industrial mobile robots, is having a considerable impact on the normalization of the use of robots across the entire Chinese manufacturing industry. It is the largest mobile robot enterprise in terms of shipments in the semiconductor field.
Ford will spend $30 billion on electric vehicles by 2025, and says 40 percent of its global fleet will be all-electric by 2030. Better-connected cars would let Ford offer things like more convenient mobile service, which could entice more customers to turn to the automaker when their cars need something fixed, for example. Image: Ford.
17, entering a global competition to bring the potentially transformative technology to play in electric vehicles (EVs). Meanwhile, the Chinese partner of Toyota and Honda expects its first wholly-owned battery plant to start rolling out conventional lithium-ion batteries later this month. The RMB 10.9 billion ($1.5
For the drivetrain, NIU is offering a 350W motor and 486Wh lithium-ion battery pack for the Pro kick scooter, while the Sport will be powered by a 300W motor and 365Wh battery pack. NIU is mostly known in North America for its popular $2,000 electric mopeds, which have been used by shared mobility companies like Revel and Lime.
Just take a look at Swedish lithium-ion battery producer Northvolt. Other deals that caught my attention … Accure , a startup that uses AI to predict lithium-ion battery failures, raised $7.8 Climate-tech fund Blackhorn, lithium-mining giant SQM and mobility-focused investor Proeza also participated. Vroom vroom!
Less than a month after announcing a partnership with India’s largest two-wheeled vehicle maker , Gogoro is taking another big step in its global expansion plans. Gogoro’s new deals in India and China are the biggest steps it has taken for its global strategy since launching the first Gogoro Smartscooter in 2015.
plans to merge with , Spartan Energy Acquisition Corporation, which was formed by investment firm Apollo Global Management. Mobile, fell apart after the small startup became insolvent. The presentation was one of many pages of documents filed with the Securities and Exchange Commission by the publicly listed company Fisker Inc.
BYD is aiming to establish an electric vehicle battery plant in South Korea, with local manufacturer KG Mobilitys assistance, to commence volume production by January 2025, as reported by Reuters on Wednesday. Notably, BYD holds the second-largest market share in global battery supply, trailing only CATL, with a 15.7% Reuters ]
While that's not earth shattering, it is native for mobile and computers both, and it reduces our reliance on our overburdened email. Probably the most amusing mobile story of 2016 was the overnight success of the Nintendo Pokémon Go scavenger hunt mobile app and how nonprofits attempted to use it for a hot minute.
Why it matters: The development is the latest example of liquid-state lithium-ion pack leader China ramping up effort s to master the technology, as global auto giants expect solid-state batteries to give them an edge over competitors in the EV transition. The IM L6 sedan is scheduled for launch in May.
The good: reduced costs, innovation Among the key reasons for the price reductions is the plunging cost of raw materials for EV batteries, as the spot price of battery-grade lithium carbonate fell from more than RMB 500,000 ($69,450) per ton to just over RMB 100,000 throughout the last year.
One founder set eyes on getting the most downloads in the mobile gaming category. The new cohort features startups operating in a wide-ranging space: Calyx Global is helping businesses choose better carbon credits and reimagining the ratings system; Arintra is an AI-powered autonomous medical coding platform to help U.S.
billion energy storage operation in Chiles Atacama Desert, which the companies claim to be the largest of its kind globally. of the global energy storage system market with shipments of 14 GWh worth of batteries in 2022, industry tracker SNE Research said in an annual summary dated March 2, 2023. Context: BYD had captured around 11.5%
Chinese automaker Dongfeng Motor will introduce the first global model from its premium electric vehicle brand Voyah as early as the third quarter of this year, in what will be a direct challenge to Teslas best-selling crossover the Model Y, local media has reported. The five-seater SUV measures 4.7 meters in length and 1.6
The push by CATL is the latest example of China charting its own path in the electric vehicle transition, as major economies such as Germany grapple with a near-term global slowdown for EVs. Consumers want a cheap, reliable solution, and fully electric vehicles are considered unreliable in terms of ease of charging, said Daniel J.
Beijing also wants to replicate its success story of electric vehicles from land to sky, as part of its ambition to become a global leader in technological innovations. That is not the only reason, though. So is it almost like EVs in the air?
Chinese EV brand Zeekr on Thursday announced the launch of a fast-charging, affordable, lithium iron phosphate (LFP) battery capable of running 500 kilometers (310 miles) on a 10-minute charge, becoming the latest automaker to seek more self-reliance and better cost control over the critical EV component.
They recognize that citizens are extremely concerned about global warming. Additionally, there has been a lot of rhetoric on the part of the automakers regarding the greenness of their operations, when in fact what we are seeing is a lot of green-washing. They recognize that green is very vogue right now.
Additionally, the Volkswagen-invested battery maker announced its participation in the global race to make all-solid-state batteries, as China looks to catch up with rivals in producing an alternative battery success story. The Biden Administration has said it would increase the tariff rate for Chinese non-EV lithium-ion batteries from 7.5%
Power Global, a two-year-old startup, wants to disrupt the auto rickshaw market by offering a retrofit kit for diesel-powered vehicles and swappable battery pack to transition the more common lead-acid batteries to lithium-ion. Image Credits: Power Global (opens in a new window).
Our goal is to help bus owners in Kenya realize these savings, and in the process, help Kenya become a global leader in sustainable public transport,” said Bhattacharya. Bhattacharya is not new to the field of electric vehicles, having been a technology leader in rechargeable (lithium-ion) batteries for more than 12 years.
Welcome to May, which we have informally dubbed “Mobility Week” over here at TechCrunch. We’ll kick off mobility month with a TechCrunch Live event focused on building a better mobility fintech startup featuring Rachel Holt of Construct Capital and Caribou CEO Kevin Bennett. and Canada, has just raised a $43.5
The global e-scooter market size, which was at around $20.78 based e-scooter startup Bo Mobility , says the industry has been coming at scooter manufacturing all wrong. “The way scooters have grown up was they took the micro-scooter, and they strapped a lithium ion powertrain to it,” Morgan told TechCrunch.
I’m talking about May Mobility — one of the last independent-yet-to-be-acquired autonomous vehicle companies. Panasonic announced plans to build a $4 billion factory in Kansas that will manufacture and supply lithium-ion batteries to EV makers. Fisker appointed Alpay Uguz as senior vice president of global manufacturing.
Carma , Australia-based online used car startup, raised a $20 million (AUD $28 million) seed round from Tiger Global. SAIC Mobility and Momenta have launched a robotaxi trial service in Shanghai. The global automaker said it will invest more than $33.7 Gig economy. Stellantis laid out an ambitious plan to generate $22.5
I would call them mobile sensor suites that have computational capability, not only on-board, but to your point, off-board as well. We’re doing computational work on that data in the cloud, and then serving that information, those insights, up to farmers, either on their desktop computer or on a mobile handheld device or something like that.
Following up on our May of 2020 survey of the sector and about the impact of COVID-19 in particular , TechCrunch spoke with 10 investors about the state of mobility, which trends they’re most excited about and what they’re looking for in their next investments. Sasha Ostojic , operating partner, Playground Global. Make the U.S.
million from state funds for the construction of EV chargers in Huntsville, Hoover, Tuscaloosa and Mobile. Experts say they are cheaper and environmentally superior to lithium-ion batteries and less likely to catch fire, although they store less energy. global competitiveness, national security and economic growth.
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