Report: Self-driving car startup Aurora is raising capital at a $2B valuation

Early last year, LinkedIn co-founder and prolific venture capital investor Reid Hoffman called Chris Urmson “the Henry Ford of autonomous vehicles (AV).” The vote of confidence and big check from Hoffman, coupled with a team of deeply knowledgable AV entrepreneurs, has catapulted his company, Aurora Innovation, squarely into “unicorn” territory. Aurora, the developer of a full-stack […]

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Tesla breaks ground on Shanghai factory which will product Model 3 EVs for China

Tesla CEO Elon Musk has confirmed that the company’s first overseas factory in Shanghai will focus on producing Model 3 vehicles for the Chinese market only. Musk is currently in China to break ground on the new factory today, which is being developed in partnership with the Shanghai government — an ally that is likely to […]

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Byton has added yet another screen to its upcoming all-electric M-Byte SUV

Byton, the China-based electric car startup that made its debut at CES last year, is back to show what the finalized interior of its upcoming M-Byte SUV will look like. The giant 48-inch wraparound digital dashboard screen that received so much attention is staying. And so is the touchscreen drive tablet located at the center […]

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Electric car startup Byton on track to complete China factory by May

China-based electric vehicle startup Byton is on track to complete construction of its factory by May, company executives said Sunday at CES 2019 in Las Vegas. The plant is being constructed in Nanjing, China and will have a capacity to produce 300,000 vehicles per year. The main body of the factory, which includes the stamping, […]

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China’s Byton is sending its electric SUV prototypes to the U.S.

Byton, the new China-based automaker founded by former BMW and Infiniti executives, has produced the first 10 prototypes of its tech-centric all-electric SUV and some of them will be in the U.S. before the end of the year, company president and co-founder Daniel Kirchert told TechCrunch. Byton plans to produce another 100 prototypes of the SUV, […]

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Chinese electric car startup Byton raises $500 million

Byton, a Chinese electric car startup, has secured a $500 million Series B funding round to fuel the development of smart, connected cars. Investors include FAW Group, Tus-Holdings and CATL. Byton also announced the opening of a new HQ in Nanjing, China. This is on top of Byton’s research and development center in Santa Clara, Calif. […]

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Israeli autonomous technology developer Innoviz is entering China’s car market

Innoviz, a developer of light detection and ranging technologies for computer vision and autonomous vehicles, is getting a toehold in China, the world’s fastest growing auto market, through a partnership with the Chinese automotive supplier HiRain Technologies. From offices in Beijing, Chicago, Detroit, Shanghai, Tianjin HiRain serves as a global supplier to some of China’s […]

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Upstarts emerge to chase Tesla’s lead in electric vehicles

A slew of well-funded new entrants backed by massive amounts of capital are chasing Tesla’s lead in an effort to power the next generation of the electric vehicle industry. Electric vehicle startups have raised more than $2 billion in the U.S. over the first months of 2018 alone, a huge increase over the $650 million […]

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Aurora will power Byton EV’s autonomous driving features

 Aurora, the self-driving startup founded by Google self-driving car project alum Chris Urmson, along with Tesla Autopilot developer Sterling Anderson, CMU robotics expert and Uber vet Drew Bagnell, and a team of industry experts, will be making the autonomous smarts for Byton’s forthcoming electric vehicle. Byton, a startup that had a splashy debut at CES earlier this year.… Read More

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