Connect with us

Automotive

Buick unveils an all-electric SUV concept and it’s exactly what GM needs

General Motors is spinning up its electrification plans and today announced the stunning, poorly-named Buick Enspire concept at Auto China 2018. As a concepts go, this one looks great and rather feasible.

GM says its powered by Buick’s eMotion powertrain that can produce a maximum output of 410 kW (roughly 550 hp). This should make it good for a 4 second sprint to 60 mph. Range is clocked at 370 miles and the battery can be recharged to 80 percent within 40 minutes. It supports both fast and wireless charging.

The 2018 Buick Enspire all-electric concept SUV

Inside is an augmented reality windshield, OLED display and wood center console. And since this is just a concept and nothing is real, the Enspire features a 5G connection.

GM made a big promise in 2017 to release 20 electric vehicles within the next five years. The company is going all-in on electric vehicles and something like this Buick would fit nicely in the world of crossovers and mild SUVs. I think it looks better than the Tesla Model X, but of course, the Model X is real and this is just a concept.

The Envision was announced in China where the Buick nameplate is well-loved. It will be interesting to see if GM releases this sharp SUV under a different brand though. To me, throw a new grill on it, drop the dumb name and that SUV could be the future of Chevy.

Pricing and availability were not announced.

News Source = techcrunch.com

Continue Reading
Click to comment

Leave a Reply

Apple

Apple’s self-driving car fleet grows to 55 in California

Apple now has 55 self-driving cars registered with the California Department of Motor Vehicles, compared to 27 earlier this year and just three last year. That means Apple has the second largest fleet of self-driving cars in California, Mac Reports first pointed out.

Apple now has more cars registered than Waymo, which has 51, according to the California DMV. General Motor’s Cruise, however, leads the pack with 104 vehicles. In total, the DMV has provided to 53 companies permits for self-driving cars that include safety drivers, resulting in a total of 409 vehicles and 1,573 safety drivers.

To be clear, the companies listed above only have permits to test self-driving cars with safety drivers on board. As of now, the DMV has not issued any permits for complete driverless testing. In order to conduct driverless testing, companies must have previously tested the vehicles in controlled conditions.

The vehicles must also, among many other things, meet the definition of an SAE Level 4 or 5 vehicle. The DMV is currently reviewing two driverless testing permit applications, a DMV spokesperson told TechCrunch.

 

News Source = techcrunch.com

Continue Reading

Asia

Southeast Asia’s Carro raises $60M for its automotive classifieds and car financing service

Carro, an automotive classifieds service and car financing startup based in Singapore, has closed a $60 million Series B round to scale its business in Southeast Asia.

The deal was co-led by SoftBank Ventures Korea, Insignia Ventures — the firm from ex-Sequoia Asia partner Yinglan Tan — and Facebook co-founder Eduardo Saverin’s B Capital Group. Other participants include IDG Ventures India founder Manika Arora (via his family fund) and existing Carro backers Venturra,
Singtel Innov8, Golden Gate Ventures and Alpha JWC.

Carro raised a $12 million Series A round in March 2017. This latest capital takes it to $78 million from investors to date, according to Crunchbase.

The 2.5-year-old company said in an announcement that $250 million of vehicles were sold last year across its three markets: Indonesia, Thailand and Singapore. That’s more than double the $120 million it claimed in 2016. Last March, Carro introduced its Genie Finance underwriting business, and over its first year, it claims to have originated over $100 million in loans while amassing a loan book of nearly $40 million.

Carro CEO Aaron Tan previously spent time at Singtel Innov8 and is one of a trio of co-founders. Tan told TechCrunch that the capital will initially be spent growing Carro’s business in Indonesia, Thailand and Singapore, but further down the line, there’s a plan for expansion.

“The exact markets are still to be determined but it may be a small setup in Japan and other sources of cars,” he added.

Carro has already expanded in terms of services. Initially a vehicle marketplace, it launched Genie Finance and has also forayed into insurance brokerage and road-side assistance. It recently introduced a service that completes vehicle sales in 60 minutes — Carro Express — which it said is now available in 30 locations across Southeast Asia.

“We will double down on our online marketplaces and financing in emerging markets this year. Ultimately, we want to improve the experience of selling and buying a car, as well as provide access to capital to the next billion people, which will improve the quality of lives,” Tan said in a statement.

Carro is rivaled by a number of startups, including BeliMobilGue in Indonesia, Carsome, iCar Asia and Rocket Internet’s Carmudi, although with its new raise in the bank Carro is the best-funded by some margin.

iCar Asia, which is managed by Malaysian venture builder Catcha, raised $19 million last November. This year has seen Carsome — which covers Malaysia, Singapore, Indonesia and Thailand — raise a $19 million Series B, BeliMobilGue — Indonesia-only — raise $3.7 million and Carmudi land $10 million.

In the case of Carmudi, the business has retrenched itself. At its peak it covered over 20 markets worldwide across Asia, the Middle East, Africa and Latin America, but today its focus is on Indonesia, the Philippines and Sri Lanka.

Carro’s monster raise follows another notable deal in Southeast Asia today which saw Carousell close a Series C round worth $85 million. The firm added backing from new investors DBS, Southeast Asia’s largest bank, and EDBI, the corporate investment arm of Singapore’s Economic Development Board.

News Source = techcrunch.com

Continue Reading

Automotive

Drive.ai is launching an autonomous ride-hailing network in Texas

Drive.ai, the self-driving car startup with roots in Stanford’s Artificial Intelligence Lab, has partnered with Friso, Texas and the Hall Group to deploy the first autonomous ride-hailing platform in the state of Texas.

Initially, the platform will be available to over 10,000 members of Hall Group’s commercial and residential communities. Through the service, people will be able to hail free autonomous rides from fixed pickup locations to fixed dropoff locations.

“Self-driving cars are here, and can improve the way we live right now,” said Drive.ai co-founder and CEO Sameep Tandon said in a press release. “Our technology is safe, smart, and adaptive, and we are ready to work with governments and businesses to solve their transportation needs. Working with the City of Frisco and Frisco TMA, this pilot program will take people to the places they want to go and transform the way they experience transportation.”

Before the July launch, Drive.ai will be collecting data along the routes and working with the city to educate people about self-driving technology.  During this trial period, which starts in July and will run for six months, the service will be limited to employees, residents and patrons of Hall properties. Down the road, the goal is to open up the program to all residents of Frisco.

“Today definitely marks a mobility milestone for our entire region,” Frisco Mayor Jeff Cheney said in a press release. “It also gets us closer to achieving one of our council’s ‘Top Ten’ goals, which is to improve traffic throughout Frisco, one of the fastest growing cities in the country.”

In September, Drive.ai announced a partnership with Lyft to launch an autonomous ride-hailing program in the San Francisco Bay Area. Though, that program has yet to launch.

News Source = techcrunch.com

Continue Reading

Most Shared Posts

Follow on Twitter

Trending