DUBLIN, Ireland — The global automotive sensors market is worth $19.2 billion and is expected to reach $44 billion by 2033 at a compound-annual-growth rate (CAGR) of 8.6%, according to a recently published report by Future Market Insights (FMI). With…
SOMERVILLE, Mass. — NODAR, the leading provider of next-generation stereo vision technology for autonomous vehicles (AVs), yesterday at IAA Mobility in Munich announced a new capability within its Hammerhead™ product line called GridDetect, which offers long-range object detection and tracking…
ANN ARBOR, Mich. – Recently there has been a lot of controversy concerning autonomous vehicles (AVs) in California. The robotaxis have been involved in accidents, blocked traffic and brought forth protests from unions about the potential to eliminate human jobs.…
EAST LANSING, Mich. – Recently, when customers began complaining that their vehicles with driver-assistance technologies (ADAS) were “phantom braking” or slamming on the brakes without any visible obstacles present, researchers at Michigan State University (MSU) wanted to learn more about…
LAKE NONA, Fla.– Beep Inc., provider of autonomous shared mobility solutions, and Oxa, the autonomous-vehicle (AV) software developer, announced a partnership to deploy vehicles driven by Oxa’s self-driving software product, Oxa Driver, as Beep continues to advance its testing and…
HANOVER/MUNICH, Germany –. “Making future mobility happen, today!” is Continental’s tagline for this year’s IAA MOBILITY in Munich, where the technology company will present its unique portfolio of software-based and sustainable mobility solutions. These range from innovative high-performance computers and…
SEOUL — STRADVISION, an automotive industry pioneer in deep learning-based vision perception technology, has been selected as a Renesas’ R-Car Consortium Proactive Partner Program member for five consecutive years. The R-Car Consortium, established by Renesas, serves as an inclusive platform…
LONDON – The global autonomous vehicle (AV) market is expected to top $70.3 billion by 2033, according to a new report from Future Market Insights, Inc (FMI). This growth comes from a projected 2023 revenue position of $30.5 billion, growing…
PALO ALTO, Calif. — Hesai Technology (NASDAQ: HSAI), the global leader in the lidar industry, yesterday released its unaudited 2023 second-quarter (Q2) financial report, setting new records for quarterly revenue and shipments. Hesai’s Q2 quarterly revenue reached RMB440.3 million ($60.7…
SAN JOSE, Calif. — Silicon Valley-based automotive radar startup, Altos Radar, has raised $3.5 million in seed round funding that will fast-track the commercialization of 4D imaging radars in driver-assisted (ADAS) and autonomous vehicles (AV). The funding, led by Hesai…
In our first official episode of the Coffee Brake podcast, brought to you by The BRAKE Report, we delve deep into the world of advanced braking systems, the fascinating intersection of cutting-edge tech, and the ever-evolving dynamics of the automobile…
CHATHAM, Mass. – To most Americans who even remember the Alfa Romeo name, the image it evokes is a sleek, sexy two-seat roadster with unique Italian flair being driven by the likes of Marcello Mastroianni and Sophia Loren along the…
HANOVER, Germany — Continental ended the second quarter (Q2) of 2023 with strong earnings again in the tires group sector and high order intake in automotive of around €8.6 billion. The ContiTech group sector achieved solid results, while earnings in Automotive…
SEOUL — Sunny Lee, a Member of NAEK and Chief Operating Officer (COO) of STRADVISION, an automotive industry pioneer in deep learning-based vision perception technology, attended the panel discussion themed “AI Technology and Application.” Lee delivered STRADVISION’s core technology, references,…
LONDON — The advanced driver assistance system (ADAS) testing equipment market, expected to hi $56.4 billion in 2023 and to grow past $202.7 billion in 2033, according to a recently published report from Future Market Insights (FMI). This translates into…
FREMONT, Calif.– Pony.ai, a leading global autonomous driving company, recently held a joint-venture signing ceremony with Toyota Motor (China) Investment Co., Ltd. (TMCI) and GAC Toyota Motor Co., Ltd. (GTMC) to jointly advance the future mass production and large-scale deployment…
FRIEDRICHSHAFEN, Germany — In the first six months of 2023, ZF generated sales of €23.3 billion (2022: €21.2 billion), an increase of approximately 10 percent on the prior-year period. Adjusted EBIT totaled €941 million (2022: €851 million), equivalent to an…
PALO ALTO, Calif. — Hesai Technology, a pioneer in the field of lidar sensors, announced a collaboration with NVIDIA to integrate Hesai’s cutting-edge lidar sensors within the NVIDIA DRIVE and NVIDIA Omniverse ecosystems. By combining Hesai’s industry-leading expertise in lidar…
TEL AVIV, Israel — Arbe Robotics Ltd. (NASDAQ: ARBE), a global leader in perception radar solutions, announced that Weifu High-Technology Group, a tier 1 supplier in the Chinese automotive market, has issued an $11.6 million preliminary order for Arbe radar…
PALO ALTO, Calif. – Hesai Technology (NASDAQ: HSAI) has been named the top automotive lidar company for the second-consecutive year by Yole Group, a global advisory and market analysis firm recognized for its expertise in the semiconductor, photonic, and electronic…
SAN FRANCISCO – Labor organizations are coming out in force to support California Assembly Bill 316 (AB 316) which would seriously curtail the implementation of autonomous vehicles (AV) greater than 10,000 pounds by mandating a human operator be on board…
AVON, Ohio – Across North America, at every hour and over every mile of road, commercial vehicle drivers keep things moving with a focus on safety. In support of the goals of the Commercial Vehicle Safety Alliance’s (CVSA) Operation Safe…
SHANGHAI — Hesai Technology announced it has been selected to provide LiDAR units for several models of the SAIC Motor Commercial Vehicle Division’s OEM-installed project. The new models will be equipped with Hesai’s automotive-grade, ultra-high resolution long-range LiDAR AT128. These…
DUBLIN –The global heavy-duty autonomous vehicle (AV) market was valued at $135.25 billion in 2022 and is anticipated to reach $1,453.20 billion by 2032, witnessing a compound annual growth rate (CAGR) of 27.42%, according to a recent report from ResearchandMarkets.com.…
HERNDON, Va. / AUSTIN — Volkswagen Group of America, Inc. (VWGoA) is starting its first autonomous vehicle (AV) test program in Austin beginning in July 2023. The company will kick off its program with a batch of 10 all-electric ID.…