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Layoffs proceed to run by means of the tech business, and extra particularly the autonomous car sector. The most recent firm to trim its workforce is Motional, the three way partnership between Hyundai and Aptiv.
Staff had been advised of the layoffs Wednesday, in keeping with sources who requested to not be named as a result of they aren’t licensed to talk for the corporate. Motional, which employs greater than 1,500 folks globally, confirmed the layoffs.
Motional didn’t affirm the variety of workers affected. Sources stated dozens of workers had been laid off with cuts occurring throughout its operations. Motional has workplaces in Boston, Las Vegas, Pittsburgh, South Korea, Singapore and several other cities in California, together with Milpitas and Santa Monica.
In associated and rosier information, lots of the 2,000 workers who had been laid off when Argo AI shutdown, have taken jobs at Ford and VW, the 2 automakers that backed and finally pulled help from the autonomous car startup. In line with one supply, about 550 former Argo AI workers accepted presents to hitch Ford. One other three dozen took jobs at VW in america. VW has additionally absorbed the Munich-based Argo AI GmbH — an workplace with greater than 200 folks, a lot of whom beforehand had been a part of AID — again into the corporate.
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Hen has been struggling this previous yr by means of a flurry of dramas that’s too lengthy and complex to get into proper now. However Shane Torchiana, the corporate’s new CEO and President, thinks Hen nonetheless has a possibility to outlive and thrive. In a prolonged interview with Torchiana about Hen’s long-term technique to change into a self-sustaining firm — spoiler alert: sure battery swapping will lastly be a real a part of the equation.
Canyon Bicycles, a German bike maker, desires to transform motorists with its cargo bikes and what it says is the biking equal to an SUV. The corporate goals to double gross sales of metropolis bikes by 2025.
Over half of surveyed UK residents plan to extend their use of public transport and shared micromobility in 2023, as a direct response to the price of dwelling disaster, in keeping with a report from Free Now, a European mobility superapp.
Gogoro is piloting its Smartscooters and battery swapping stations within the Philippines beginning subsequent yr. The corporate is pursuing a B2B logistics push as its first entry into the market.
Helbiz CEO has been tweeting, with the odd trace that the corporate is in search of acquisitions, doubtlessly of Hen. With what cash? Who is aware of.
Lyft has pulled its scooters and bikes out of Los Angeles, citing an unregulated surroundings and lack of long run dedication from municipalities. The corporate additionally partnered with battery recycling firm Redwood Supplies to make sure batteries from its shared fleet don’t find yourself in landfill.
McLaren subsidiary Lavoie has launched its Collection 1 electrical scooter. It’s foldable with fats tires and a spread of 31 miles.
Spanish e-bike maker Ossby launched the Curve Electrical, a compact foldable e-bike that mixes the motor and battery into the rear hub.
Polestar joins the rising record of automakers which might be making their very own e-bike (We see you Porsche, BMW, Rivian, Jeep, Hummer). The EV firm is working with Sweden’s Allebike to provide the bike — the 2 firms had beforehand labored collectively on a non-electric mountain bike.
Metropolis information briefly …
Austin is doubling its rebate for individuals who purchase e-bikes beginning January 1.
Oregon can be contemplating an incentive that can give residents as much as $1,700 off e-bike purchases.
The Philippines accepted the removing of import duties on electrical automobiles and their elements for the subsequent 5 years. That features electrical two-wheelers. Indonesia will subsidize e-motorcycle purchases.
Offers, offers, offers
Aptiv, the automotive provider, accomplished its acquisition of an 85% fairness stake in Intercable Automotive Options from Intercable. The transaction is valued at €595 million and is predicted to be accretive to earnings per share beginning in 2023.
Carbon Revolution, an Australian firm that makes light-weight wheels, will record within the U.S. by combining with Twin Ridge Capital Acquisition Corp., a particular goal acquisition firm.
CARIAD, the software program firm of the Volkswagen Group, stated it would purchase Paragon’s AI division. The closing of the transaction remains to be topic to numerous situations, particularly the reservation of antitrust approvals, and is predicted in spring 2023.
Categorised Biking, the Belgian firm creating drivetrain know-how for biking, raised €22 million in a spherical led by Lively Companions.
Dat Bike raised $8 million to place extra electrical bikes on Vietnam’s roads.
OneRail, the Orlando, Fla.-based last-mile transportation firm, raised $33 million in Collection B funding spherical co-led by Piva Capital and Arsenal Development Fairness,
United Airways made a strategic fairness funding in sodium-ion battery maker Natron Power. The corporate plans to make use of the funds to speed up manufacturing at its manufacturing facility in Holland, Michigan, the place it would scale operations to start mass manufacturing of UL-listed sodium-ion batteries in 2023.
V7, a startup creating information engines to enhance AI for pc imaginative and prescient, raised $33 million in a Collection A spherical co-led by AI-focused Radical Ventures and Temasek. Current buyers Air Avenue Capital, Amadeus Capital Companions and Partech additionally participated.
Zapp Electrical Automobiles, the UK-based electrical bike maker, is merging with CIIG Capital Companions II, a clean test firm, to change into publicly traded on the Nasdaq.
Notable information and different tidbits
Aurora launched a second route this fall for Uber Freight clients between Fort Value and El Paso. The AV firm is finishing one haul every week on this route. Additionally it is utilizing its self-driving vehicles (with security operators behind the wheel) to hauling items between Dallas and Houston twice every week.
Cruise utilized for a allow with the California Division of Motor Automobiles to check its custom-built driverless car known as “Origin” on public roads in San Francisco.
Kiwibot is working with Loyola Marymount College on a so-called “high-driving automation campus.” Apparently this isn’t about driving after a bong rip. It’s about Kiwibot’s 25 bots producing a number of paths to achieve the pre-established vacation spot and navigating there autonomously.
Pony.ai regained its allow to check AVs on public streets in California.
Automobile-sharing, ride-hailing and subscriptions
Kyte, the automobile rental supply startup, is providing a automobile subscription service, following what the startup says was a profitable subscription pilot with Teslas. The three-, six- and 12-month subscription plans will likely be obtainable to all 14 markets by which Kyte operates, akin to San Francisco, Chicago, New York Metropolis, Boston and, most not too long ago, Fort Lauderdale.
Electrical automobiles, batteries & charging
GM and companion LG Power Answer introduced plans to spend an one other $275 million on their three way partnership battery plant in Tennessee to an effort to extend manufacturing by greater than 40%.
Lordstown Motors beginning transport its all-electric Endurance pickup truck manufactured by Foxconn.
Rivian CEO RJ Scaringe talked about shoring up its provide chain, future merchandise and demand on the Redburn CEO convention.
Sibros is partnering with tiny EV maker e.GO to offer linked car information and superior OTA software program administration for the automaker’s new e.wave X city EVs.
TechCrunch+ reporter Tim de Chant writes about his EV automobile rental expertise.
Tesla is providing Mannequin 3 and Mannequin Y patrons within the U.S. a $3,750 credit score if they’ve their car delivered in December 2022. The automaker additionally delivered he first manufacturing variations of its long-delayed electrical Semi truck 5 years after CEO Elon Musk revealed the business car. The primary Tesla Semi vehicles had been handed over to Pepsi at an occasion on the firm gigafactory in Sparks, Nevada.
Apple iPhone customers with iOS 16.1 software program can now share automobile keys of their Pockets with non-iPhone customers, beginning with Google Pixel units. Sooner or later, that functionality will lengthen to different units with Android 12+. Keys may be shared through electronic mail, textual content message and WhatsApp.
BMW Group began manufacturing of an early-stage hydrogen-powered car primarily based on the X5 crossover.
Honda stated it plans to launch a gasoline cell electrical car in 2024 primarily based on its bestselling CR-V crossover.
Faraday Future’s board fired its CEO Carsten Breitfeld, in keeping with a regulatory submitting posted Monday after the markets closed. Brietfeld, who was the previous co-founder of failed EV startup Byton, took the management function at Faraday Future in September 2019.
Harbinger, the Los Angeles-based automotive producer, employed Gilbert Passin as its chief manufacturing officer. Passin served as Tesla’s Vice President of Manufacturing, overseeing the launch of Tesla’s Mannequin S program. He additionally held different VP and GM-level roles with Toyota, Volvo Vans, Mack Vans, and Renault, and most not too long ago served as CEO and COO of Wrightspeed.
Could Mobility appointed business veteran Kathy Winter as its Chief Working Officer. Winter most not too long ago was vice chairman and basic supervisor of Intel’s Autonomous Transportation & Infrastructure division. She additionally led the Intel’s integration with Mobileye post-acquisition. Previous to Intel, Winter served as vice chairman for a number of divisions at Delphi.