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BMW invests in HeyCharge to increase electric vehicle charging points at residential locations

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BMW i Ventures took a lead investment in HeyCharge, the German start-up providing electric vehicle charging stations in apartment complexes, office buildings and other infrastructure locations.

HeyCharge was in Y Combinator’s Summer 2021 batch of start-ups.

Kasper Sage, managing partner, BMW i Ventures, says: “The rapid growth of the electric vehicle market in coming years will necessitate greater infrastructure build-out of charging solutions around the globe. [Read more…] about BMW invests in HeyCharge to increase electric vehicle charging points at residential locations

BYD to mass manufacture Nuro’s electric autonomous delivery vehicle

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BYD, one of China’s largest automotive and technology companies, has agreed a partnership with autonomous vehicle company Nuro to begin producing the company’s third-generation electric autonomous delivery vehicle.

The partnership is expected to scale Nuro’s more affordable, eco-friendly, and convenient services to millions of people across the country.

Stella Li, executive vice president of BYD and president of BYD North America, says: “BYD will leverage the manufacturing capacity of our Lancaster plant by finishing assembly of globally sourced hardware components to support Nuro and bring more jobs to the community. [Read more…] about BYD to mass manufacture Nuro’s electric autonomous delivery vehicle

ASRock Industrial and Dynamis PRC to provide autonomous car technology for 2022 Formula Student Championship

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ASRock Industrial is currently collaborating with Dynamis PRC, providing its latest Intel 10th Gen CPU motherboard IMB-1222 to power up the prototype’s autonomous driving system and participate in the 2022 Formula Student Championship.

Formula Student is one of the world’s most competitive international automobile design competitions for students among university teams. Each team designs and builds a formula-style competition vehicle to enter the race.

Among many great teams, Dynamis PRC from Italy has achieved 4th place globally and ranked 1st nationally after years of competitions and successes. [Read more…] about ASRock Industrial and Dynamis PRC to provide autonomous car technology for 2022 Formula Student Championship

Hitachi establishes venture capital fund for start-up partners

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On 1 June, Hitachi is to establish a new corporate venture capital (CVC) fund, Hitachi Ventures Fund, and unit, Hitachi Ventures GmbH (HVG), whose responsibility will be to identify and acquire equity interests in fast-growing innovative start-ups globally.

HVG will hire top external talents with experience and capability on CVC activities to invest to and collaborate with start-ups globally.

Stefan Gabriel, former president of 3M New Ventures, is to be CEO of HVG. The unit will start life with $150M.

[Read more…] about Hitachi establishes venture capital fund for start-up partners

Toyota premieres own-brand battery electric vehicles

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Toyota unveiled its C-HR and IZOA battery electric vehicles (BEVs) on the opening day of Auto Shanghai 2019.

The C-HR and IZOA will be the first BEVs to launch in China under the Toyota brand. Sales of the new models are expected to start from 2020.

Toyota also displayed other electrified vehicles, such as hybrid electric vehicle (HEV) variants for the RAV4 and the Alphard/Vellfire in China, as well as the Corolla and Levin plug-in hybrid electric vehicle (PHEV) series, launched in March 2019.

[Read more…] about Toyota premieres own-brand battery electric vehicles