Aurora shines spotlight on autonomous truck tech, strategy ahead of SPAC merger

On Interstate 45 in Texas, a billboard with “Aurora” emblazoned at the top in giant white letters offers a cryptic message: “A new way to drive is on the horizon.” It’s hard to know just how many of the thousands of drivers on this stretch of road know what that means or what Aurora is; […]

General Motors’ new software platform Ultifi is coming to vehicles starting in 2023

General Motors is rolling out a new end-to-end software platform in vehicles starting in 2023 that executives say will usher in a sweeping set of capabilities including giving drivers access to in-car subscription and using over-the-air updates to offer new apps and services. The software platform can be used to give owners greater access to […]

Energize Ventures raises $330M to fund energy, mobility and climate resiliency technology

Energize Ventures, an early and growth-stage venture fund, has announced the closing of its second fund with total capital commitments of $330 million. Fund II will be used to help scale and commercialize software across renewable energy, mobility, cybersecurity, battery storage, critical infrastructure and climate resiliency. The fund, which is worth exactly double what Energize […]

How Ford’s electrification footprint will change with planned investments

Earlier this year, Ford Motor Company announced an investment of $30 billion toward electrification by 2025. On Monday, the automaker unveiled some specifics for that plan. Ford and its battery joint venture partner, SK Innovation, will be investing $11.4 billion in the two new campuses it plans to build in Kentucky and Tennessee to produce […]

Ford, SK to spend $11.4B to build two US manufacturing campuses dedicated to EVs and batteries

Ford Motor Company and battery manufacturer SK Innovation plan to spend $11.4 billion to build two massive campuses in Tennessee and Kentucky that will produce batteries as well as the next generation of electric F-Series trucks — a project the companies said will create 11,000 new jobs. Facilities on the two campuses are designed to […]

Lamborghini’s vision for an alternative-fuel future

Car enthusiasts have a history of electric-car hesitancy. While some are fully on board with electrification and hybridization, there are still some petrol holdouts, especially at the rarified and pointy end-of-the-price spectrum like Lamborghini. The push for electrification and hybrid powertrains poses a significant challenge to the carmaker known for creating striking, bespoke containers for […]

Swedish EV-maker Polestar reportedly preparing to go SPAC at $21B valuation

Swedish electric vehicle maker Polestar is reportedly preparing to go public via special purpose acquisition with Gores Guggenheim Inc., reports the Wall Street Journal citing people familiar with the matter. The SPAC deal, which sources say could be reached by Monday, would value Polestar at $21 billion. Polestar falls under Volvo Car Group’s electric performance […]