Industry

Mining companies are going to great lengths to source the raw materials needed for electric vehicle batteries, even miles below the ocean’s surface. They are racing to tap into these seabed stockpiles, striking deals, developing mining processes and equipment and striving to be eco-friendly. Meanwhile, environmental groups want to slow the rush until more is

Ford Motor Co. CEO Jim Farley said new federal electric vehicle tax credits created by the Inflation Reduction Act should have a “wide range of positive impacts” for the automaker as it ramps up production. “What’s not yet clear is the degree to which the IRA will drive customer demand versus offsetting our EV investments

SAVANNAH, Georgia – Hyundai Motor Co will break ground on a $5.54 billion electric vehicle (EV) and battery plant in the United States on Tuesday, as South Korea’s biggest automaker grapples with an uncertain outlook for its EV sales in its top market. Hyundai plans to begin commercial production in the first half of 2025

Self-driving startup Argo AI will shut down operations and its employees and parts will be absorbed by its main backers, Ford Motor Co. and Volkswagen Group, TechCrunch reported on Wednesday, citing people familiar with the matter. Argo employees were told that some of them would receive offers from the two automakers, TechCrunch said, adding that

Mobileye Global Inc., the self-driving technology company owned by Intel Corp., priced one of the biggest U.S. initial public offerings of the year above its marketed range to raise $861 million. The company sold 41 million shares for $21 each, according to a statement Tuesday confirming earlier reports. Mobileye had marketed the shares for $18

Getty Images By Theo Leggett & Lora Jones BBC Business The popular Ford Fiesta is set to be discontinued as early as next year as costs of parts rise and drivers opt for SUVs, the BBC understands. Ford bosses are expected to announce in the next few days that the production of the Fiesta will

WASHINGTON — A group representing self-driving car companies is appointing a former U.S. Senate aide as its new head as the industry works to convince U.S. policymakers to speed the deployment of autonomous vehicles and jumpstart stalled legislation. The Autonomous Vehicle Industry Association (AVIA) has tapped Jeff Farrah as its first executive director, the group

Autonomous vehicle companies and suppliers have collectively spent about $75 billion developing self-driving technology, with scant sign of meaningful revenue emerging from AV services after all that investment. This has spelled disaster for Aurora Innovation, TuSimple Holdings and Embark Technology, whose shares have each plunged at least 80 percent this year. It’s no wonder Intel

West Coast charging network operator EVCS is looking to simplify powering electric vehicles by offering a choice of monthly subscription plans. The move marks a departure from the way such networks typically operate. Most require a low monthly fee and charge an additional amount per kWh used. “It really is a minefield across the various

PAHRUMP, Nev. — Countless data points gathered by vehicles every day on public roads can be used to improve safety and traffic flow and speed up emergency response times. British automotive data startup Wejo hopes to play a major role in getting the auto industry to that point by using data to learn how drivers

Ouster Inc. has unveiled a series of digital lidar sensors that use a new chip and provide double the range of the previous generation. The San Francisco company said its REV7 sensors have a maximum range of more than 400 yards, allowing detection of objects up to a quarter-mile away. The distance is achieved by

PAHRUMP, Nev. — Countless data points gathered by vehicles every day on public roads can be used to improve safety and traffic flow and speed up emergency response times. British automotive data startup Wejo hopes to play a major role in getting the auto industry to that point by using data to learn how drivers

WASHINGTON — The Biden administration said Wednesday it is awarding $2.8 billion in grants for projects to boost U.S. manufacturing of electric vehicle batteries and domestic mineral production. The White House is also launching an effort, dubbed the American Battery Material Initiative, to strengthen critical mineral supply chains as automakers race to expand U.S. electric

Uber is debuting an ad format that will tap into the company’s first-party data to target riders during each part of their route.  Journey Ads will serve brand messages to riders while they are waiting to connect with a driver, waiting to be picked up and during their trip. The ads will also apply to

Waymo, Alphabet Inc.’s driverless-vehicle unit, plans to expand its robo-taxi service to Los Angeles, the third region where it will be offered. The company will follow the same playbook for the service, called Waymo One, that it has elsewhere, according to an announcement Wednesday. Local employees will try the program first, followed by so-called “trusted

Intel’s Mobileye said on Tuesday it was targeting a valuation of nearly $16 billion in its initial public offering, less than a third of what it had previously expected, as volatility in stock markets and rising interest rates dampen the appetite for new listings. The self-driving unit of Intel said in a regulatory filing it

Lyft Inc. is increasing the service fee its U.S. riders pay directly to the company to cover higher insurance costs, the ride-hailing firm said. The increase averages less than 50 cents per trip nationally, a Lyft spokesperson said. The company pays for drivers’ insurance when they are working on its platform. “Lyft is facing insurance

BERLIN — Mercedes-Benz and Microsoft announced a partnership using Microsoft Cloud for a data platform intended to improve production efficiency at over 30 passenger car plants globally. The data platform, called MO360, is already available in Europe, the Middle East and Africa and will also be launched in the United States and China, Mercedes said