Electric truck company Rivian has raised $2.5 billion in its latest round of financing as it looks to go to market in 2021. Founder Robert "R.J." Scaringe says the company is focused on products rather than going public.
Full Story: CNBC
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Building a self-driving car means integrating complex systems reliably and at low cost, which is "really, really hard," says Karl Iagnemma, president and CEO of a joint venture started by Hyundai and self-driving startup Aptiv. Consolidation is occurring across the industry, and longtime automakers are partnering with startups on autonomous vehicle development, with Aptiv and Hyundai joined by Waymo and Jaguar, General Motors and Cruise, and other ventures.
Full Story: Wired (tiered subscription model)
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When self-driving cars use lidar, they often must use several units because of the narrow field of vision, and those units are expensive, writes Steve Hanley in this roundup of lidar developments. He says Toshiba's research tackles both issues, adding that the company's advances will be in compact units it will produce starting in 2022.
Full Story: CleanTechnica
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