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NEW YORK: German luxury vehicle maker BMW AG plans more deals with mining companies to secure electric vehicle battery materials, and is open to forming alliances to share the costs of developing autonomous-vehicle systems, the automaker’s research and development chief told Reuters.
BEIJING: Chinese search engine Baidu Inc announced a 10 billion yuan (US$1.52 billion) autonomous driving fund on Thursday as part of a wider plan to speed up its technical development and compete with US rivals.
A recent United Nations study predicted that the world’s population is expected to hit 10 billion by 2050 with almost 70% concentrated in cities across the globe. In Asia and Africa, it is estimated that urbanisation will be even higher than that of the global predicted average, edging closer towards 90% over the next three decades.
MUNICH: German carmaker BMW will increase research and development (R&D) spending to an all-time high of up to 7 billion euros ($8.6 billion) this year as part of efforts to bring 25 electrified models to market by 2025.
TOKYO: As the race to develop autonomous driving intensifies not only among automakers but also among tech giants, Toyota Motor Corp is trying to strengthen its competitiveness by acquiring businesses from rivals.
TOKYO: Dara Khosrowshahi, on his first trip to Asia as chief executive officer of Uber Technologies Inc, spent some quality time with his counterpart at the world’s largest carmaker.
TOKYO: Battery makers must rethink their technology if predictions for a wave of self-driving vehicles pan out, according to one of the inventors of the lithium-ion battery.