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Tech Startup Poni.ai Secures $112 Million in Funding
Pony.ai, a Silicon Valley-based startup that is testing self-driving cars on public roads in California and China, says it raised $112 million in a Series A funding round that closed earlier this month.
Toyota Aims to Cut Fuel Cell Costs 75% by 2025
Toyota Motor Corp. expects to slash core component costs for its fuel-cell system 50% by 2020 and 75% by 2025.
VW to Assemble Cars, Launch Ride-Sharing in Rwanda
Volkswagen AG has set up a company in Rwanda that will begin assembling VW-brand Polo and Passat small cars this summer.
Hyundai Plans $22 Billion Technology Spending Binge
Hyundai Motor Co. says it will invest 23 trillion won ($22 billion) over the next five years on self-driving vehicle technologies and electric powertrains.
Subaru Joins Michigan’s American Center for Mobility
Subaru Corp. is investing $2 million in the American Center for Mobility (ACM) test facility in Ypsilanti Township, Mich.
Carmera Wins Inaugural AutoMobili-D Innovation Award
Carmera, a New York City-based developer of 3D maps, received the “Best of Show” award for mobility innovation at the AutoMobili-D tech expo in conjunction with this week’s Detroit auto show.
GM to Build Silverado Diesel Engine in Flint
The new 3.0-liter inline 6-cylinder diesel General Motors Co. plans to launch in its redesigned Chevrolet Silverado pickup truck will be built at the company’s Flint, Mich., engine plant, Automotive News reports.
Honda, Toyota Suspend Vehicle Shipments to Vietnam
Honda, Mitsubishi and Toyota have stopped shipping vehicles to Vietnam because of new inspection rules for imported cars, The Nikkei reports.
Autonomy Picks Up Speed
The latest generation of the ProAI unit from ZF for autonomous vehicle technology is capable of processing inputs from multiple cameras, LiDAR and radar, as well as “paint” a 360-degree view around a vehicle, locate it on an HD map, and calculate a safe path through traffic, in no small part because it deploys the NVIDIA DRIVE Xavier, which is a processor that is capable of performing 30 deep-learning trillions of operations per section.
Driving into the Future
“Autonomous driving, zero tailpipe emission mobility and digital networking are virtually impossible without advances in AI and deep learning.”