Industry

Automotive technology supplier Aptiv Plc on Thursday said its net income more than tripled during the third quarter, aided by higher vehicle production as automakers rushed to meet strong demand. Net income rose to $286 million in the quarter through September from $86 million a year earlier. Revenue improved 26 percent to $4.6 billion. Shares
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LOS ALAMOS, New Mexico — Hailed as a “magical” solution. Derided as a perennial fantasy. Embraced as an “earthshot.” Many have eyed hydrogen’s tantalizing potential as an abundant and pollution-free energy source for transportation and beyond. Jules Verne described a method in which “water will one day be employed as fuel,” and wrote hydrogen and
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Tesla CEO Elon Musk is staying the course with his promise of self-driving robotaxis within a few years, even as the auto industry is pulling back on autonomous-vehicle investments. But Tesla’s newest competitors — electric vehicle startups Rivian Automotive and Lucid Motors — are focusing their efforts on advanced driver-assistance systems that still require driver
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The collapse of Argo AI, the consistent traffic problems created by Cruise’s hesitant self-driving test vehicles in San Francisco and the unfulfilled promise from Elon Musk to turn Teslas into robotaxis illustrate the difficulties facing the autonomous highway. Investors have poured $160 billion into the dream of autonomous transport over the last dozen years, according
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Heightened raw materials costs, supply chain difficulties and shortages of key materials have sent prices for electric vehicle components rising over the last two years. That has delayed the industry’s quest to bring prices of EVs in line with those of gasoline-powered vehicles by at least a couple of years, said Jamie Fox, principal analyst
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In-car entertainment company Holoride launched the production version of its virtual reality entertainment platform as it looks to establish its lane in the growing in-vehicle entertainment market. The Holoride offering — which uses real-time motion data from the vehicle combined with unique content to create immersive VR entertainment experiences for passengers — will be available
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Volkswagen Group is selling its WeShare car-sharing business to German startup Miles Mobility as the automaker retreats from what has largely been an unprofitable industry. Miles will integrate WeShare’s 2,000 VW-branded electric vehicles into its mostly combustion-engine fleet of 9,000 cars, the companies said Tuesday. Miles also ordered 10,000 EVs from the manufacturer, with deliveries
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To push U.S. battery development, the Department of Energy awarded $250 million in cost-sharing grants to three companies working to scale silicon technology for faster charging and more energy storage of EV batteries. They include Amprius Technologies Inc., Group14 Technologies Inc. and Sila Nanotechnologies, all focused on silicon-based battery technology. The DOE funding is part
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