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Volvo enters autonomous driving market via acquisition of Zenseact
Volvo Cars has taken 100 percent ownership of its autonomous driving (AD) software development subsidiary, Zenseact. Immediately prior to the transaction, Volvo Cars owned 86.5 percent of the firm and has now acquired the remaining stake from ECARX, a global mobility tech company.
Volkswagen will announce a new electric vehicle at CES 2023
Volkswagen is set to reveal a new electric vehicle CES 2023. The brand plans to showcase the camouflaged version of the new EV as well as announce its official name.
India: JSW Group to enter into electric vehicles manufacturing
Sajjan Jindal-led conglomerate JSW Group is planning to enter into the manufacturing of electric vehicles. “The group had examined EV manufacturing plans earlier, but now it is becoming attractive,” JSW Group Chief Financing Officer Seshagiri Rao told PTI.
Pony.ai receives permit to deploy fully driverless vehicles in Beijing
Pony.ai announced that it has been issued a fully driverless autonomous vehicle road test permit by the Beijing Intelligent Connected Vehicle Policy Pilot Zone.
Baidu to add 200 fully driverless robotaxis to fleet in 2023
Baidu, Inc. announced a major step forward for its autonomous ride-hailing business in Beijing, as the company has been granted the Chinese capital’s first-ever license to test drive fully driverless vehicles on public roads, with no driver or safety operator in the car.
Automotive semiconductor market players hope for a revival in passenger vehicles segment: Future Market Insights
The global automotive semiconductor market is poised to increase at a CAGR of 7 % during the assessment period from 2020-2030. The growth is primarily attributed to a growing demand for usage of automotive semiconductors in camera-based sensors, 3-D mapping technology applications, Matrix LEDs for electric vehicles, camera-based sensors, LiDAR sensors, and others are projected to allow growth in the market.
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