According to a new report, the UK is in the top 10 globally for innovation in three key technology areas – automotive, artificial intelligence and telecoms. However, the country is still lagging behind global leaders, suggesting that the UK government needs to do more to close the gap with leading countries The data comes as the new UK Labour government is working to achieve economic growth through public and private investment in science and technology. Industry is calling on the UK to develop an IP strategy to support growth and promote innovation. Implementing these will play a vital role if the UK is to […]
August 9, 2024, Shenzhen BYD held a grand press conference in Shenzhen today, announcing that its first model equipped with laser radar is officially launched. This news marks BYD’s important progress in the field of intelligent driving and brings new changes to the automotive industry. Breakthrough in laser radar technology The new model is equipped with the latest laser radar system, which has high-precision and high-resolution detection capabilities, and can achieve accurate obstacle identification and path planning in various complex environments. The introduction of laser radar means that BYD’s capabilities in intelligent driving technology have been significantly improved, providing users with a higher level of driving safety and convenience. […]
According to foreign media reports, the Munich research institute Ifo Institute said that due to automakers including Volkswagen Group to reduce the output of high-cost factories, the German automotive industry’s capacity utilization rate has fallen to about 78%, 9 percentage points lower than the long-term average. More than 43 percent of respondents complained of a lack of orders, compared with 29 percent in April this year. On August 5, Ifo announced that business expectations for the German automotive industry slipped from “-9.5 points” in June this year to “-18.3 points” in July this year. Over the past few […]
On August 6, the National Development and Reform Commission (NDRC), the National Energy Administration (NEA), and the National Data Agency (NDA) issued the Action Program for Accelerating the Construction of a New Type of Electricity System (2024-2027) (the “Action Program”). The Action Program puts forward a number of specific initiatives in response to the actual situation of rapid development of electric vehicle charging infrastructure. Among them, the Electric Vehicle Charging Facilities Network Expansion Action is also listed as one of the nine special actions to be focused on in 2024-2027. As China’s new energy vehicle development into […]
The National Transportation Safety Board (NTSB) has said that the agency is investigating a recent accident that occurred on the evening of August 5 in Belle Glade, Florida, when an SUV drove into a canal, killing at least nine people, including six children, according to foreign media reports. Reports say that six children between the ages of 1 and 14 were killed in the accident. Three other women were also killed, including the 56-year-old driver. A 26-year-old male passenger was the only survivor. The Palm Beach County (Palm Beach County) Sheriff’s Office (PBSO) said that four people died at the scene following […]
August 7, 2024 – Rivian Automotive Inc., the electric vehicle (EV) manufacturer, has announced a notable increase in revenue for the second quarter of 2024, demonstrating strong business performance amid a rapidly growing market. The company also reaffirmed its full-year production and profitability outlook, signaling confidence in its ongoing operations and future growth. Rivian’s second-quarter financial report reveals a significant rise in revenue, attributed to the continued strong demand for its electric vehicles, particularly the R1T pickup truck and the R1S SUV. The company has successfully ramped up production capabilities and improved its supply chain efficiency, contributing to the revenue boost. Despite the challenges of scaling up production […]