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Foxconn to invest in EV battery manufacturing in Taiwan
After acquiring the earlier General Motors assembly plant in Ohio, Foxconn is now planning to invest $820 million in battery manufacturing in southern Taiwan, over next three years.
CerebrumX gets investment from BlackBerry
CerebrumX Labs Inc. (CerebrumX), a AI-driven automotive data services & product provider, announced on 6th April’23 , a strategic investment from BlackBerry.
Suzuki Motor to co-develop autonomous electric vehicle
According to press release on 30th March 2023, Suzuki Motor Corporation has signed a memorandum of understanding with Applied Electric Vehicles Ltd (Headquarters: Australia, CEO: Julian Broadbent, hereinafter “Applied EV”) for the development of autonomous electric vehicle platform.
India: No regulations on Artificial Intelligence
In a recent press release from PTI on 3rd April 2023, eminent personalities such as former Niti Ayog Vice Chairman Rajiv Kumar and Zoho Corporation CEO Sridhar Vembu warned of potentially catastrophic impact of powerful Artificial Intelligence (AI) on humanity and called for a debate on its utilisation to meet national goals.
Magenta Mobility secures US$ 22 Million Series A funding
Electric mobility solutions provider Magenta recently secured Series A1 funding of US$ 22 million equity investment from the UK-headquartered British Petroleum and Morgan Stanley India Infrastructure-managed investment fund.
Applied Information granted patent which reduces bandwidth required for CV2X up to 97%
Applied Information, Inc., a company which is into intelligent transportation infrastructure technology, announced on 5th April 2023 that the U.S. Patent and Trademark Office has granted it a patent covering its Connected Vehicle computing and communications method that significantly reduces the amount of bandwidth needed for traffic signals and other traffic control devices to communicate with vehicles.
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