Autonomous Driving

Chinese electric vehicle company XPeng Inc – ADR (NYSE:XPEV) rolled out an ambitious strategy blending artificial intelligence, robotics and advanced energy solutions. The company unveiled its latest initiatives, including the global debut of its 2025 XPENG X9 model and a roadmap that...

Kodiak Robotics, a U.S.-based autonomous trucking startup, will go public following its announcement on Monday of a merger with Ares Acquisition Corporation II (NYSE:AACT), a Special Purpose Acquisition Company (SPAC). What happened: In an official statement, the company, which has logged over 2.6...

Uber Technologies, Inc (NYSE:UBER) and WeRide, Inc (NASDAQ:WRD) announced a partnership with Dubai’s Road and Transport Authority (RTA). The partnership aims to help Uber make autonomous vehicles an accessible and reliable part of everyday life in Dubai, beginning with WeRide as the...

On Friday, Pony AI Inc (NASDAQ:PONY) became the first company authorized to operate a paid, fully driverless robotaxis in Shenzhen’s Nanshan District on March 27. The company expanded commercial operations to connect Nanshan with its existing service zone in Baoan District...

Mobileye Global Inc (NASDAQ: MBLY) reported a fiscal fourth-quarter 2024 revenue decline of 23% year-on-year to $490 million, beating the analyst consensus estimate of $477.75 million.  Adjusted EPS of 13 cents beat the analyst consensus estimate of 11 cents.  The stock tanked after the print. EyeQ...

AI chipmaker Nvidia Corp. (NASDAQ:NVDA) has reportedly added hundreds of staff in China this year. What Happened: Nvidia will now end the year with nearly 4,000 employees, marking a significant increase from the 3,000 at the onset of the year, reported Bloomberg, citing people familiar with the...

As the race to dominate the robotaxi sector intensifies, Uber Technologies Inc (NYSE:UBER) is leveraging its extensive ridesharing network to compete against Tesla Inc. (NASDAQ:TSLA) and Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) subsidiary, Waymo. What Happened: Uber has shifted its focus from...

A U.S. District Court judge dismissed a lawsuit against Tesla, Inc. (NASDAQ:TSLA) on Monday. Shareholders who brought the lawsuit claimed the company and CEO Elon Musk misled investors regarding the company's Full-Self Driving (FSD) technology.  The Details: U.S. District Judge Araceli Martínez-...

Mobileye Global Inc. (NASDAQ:MBLY) shares skyrocketed on Thursday after Intel Corp (NASDAQ:INTC) assured investors it would not drop its majority stake in the Israeli autonomous driving company. Mobileye gained 14.99% to close at $13.35 on Thursday, marking its largest intraday jump since late...

Volvo Cars AB (OTC:VLVLY) has announced an expansion of its collaboration with Nvidia Corp. (NASDAQ:NVDA) to enhance AI and autonomous driving capabilities, according to a press release on Thursday. What Happened: The new Volvo EX90 is the first model to be truly software-defined, featuring a...

Warren Buffett-backed Chinese electric vehicle (EV) manufacturer, BYD (OTC:BYDDY) (OTC:BYDDF), has teamed up with technology powerhouse Huawei to integrate the latter’s sophisticated autonomous driving system into BYD’s off-road “Fangchengbao” EVs. What Happened: BYD has...

Uber Technologies, Inc. (NYSE:UBER) and General Motors Company's(NYSE:GM) Cruise announced on Thursday a multiyear strategic partnership to bring Cruise autonomous vehicles to the Uber platform. The Details: The companies plan to launch the partnership next year with a dedicated number of Chevy...

China-based autonomous driving startup WeRide said on Friday that it is looking to raise up to $440 million in a U.S. initial public offering and subsequent private placement. What Happened: WeRide is looking to raise up to $119.4 million in the IPO by offering 6.452 million American depositary...

In a major boost to the autonomous vehicle industry, Waabi, an autonomous trucking startup, has raised $200 million in a Series B funding round. The round saw significant investments from tech giant Nvidia (NASDAQ:NVDA), ride-hailing service provider Uber (NYSE:UBER), and automobile manufacturer...

Uber Technologies, Inc. (NYSE:UBER) is Altimeter CEO Brad Gerstner‘s stock pick on the latest edition of CNBC's “Halftime Report Final Trades.” Autonomous driving, Gerstner says, is a tailwind, not a headwind for the car service company. A U.S. appeals court on Monday rejected a...