Vehicles

TrustPoint Announces AFWERX Phase II Contract Award

Retrieved on: 
Tuesday, April 9, 2024

TrustPoint announces it has been selected by AFWERX for a STTR Phase II in the amount of $1.6M focused on advanced resilient navigation applications to address the most pressing challenges in the Department of the Air Force (DAF).

Key Points: 
  • TrustPoint announces it has been selected by AFWERX for a STTR Phase II in the amount of $1.6M focused on advanced resilient navigation applications to address the most pressing challenges in the Department of the Air Force (DAF).
  • The Air Force Research Laboratory and AFWERX have partnered to streamline the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) process by accelerating the small business experience through faster proposal to award timelines, changing the pool of potential applicants by expanding opportunities to small business and eliminating bureaucratic overhead by continually implementing process improvement changes in contract execution.
  • "This program marks the next phase of investment by the U.S. Government into TrustPoint's suite of advanced PNT applications, which go well beyond the historic purpose of simply deriving a position from GPS signals," said TrustPoint CEO and Founder, Patrick Shannon.
  • "We are excited by the DoD's support and shared vision for the future of commercial space-based PNT."

Aeva Expands in Europe with New Automotive Center of Excellence in Germany

Retrieved on: 
Tuesday, April 9, 2024

Aeva ® (NYSE: AEVA), a leader in next-generation sensing and perception systems, today announced that it is expanding its presence in Europe with a new Automotive Center of Excellence (COE) in Germany to support its growing momentum with automotive OEM customers.

Key Points: 
  • Aeva ® (NYSE: AEVA), a leader in next-generation sensing and perception systems, today announced that it is expanding its presence in Europe with a new Automotive Center of Excellence (COE) in Germany to support its growing momentum with automotive OEM customers.
  • Additionally, autonomous vehicle industry expert Axel Gern has joined the company as Head of Engineering in Germany and will lead the COE.
  • View the full release here: https://www.businesswire.com/news/home/20240409158765/en/
    The COE was created in response to growing interest from the automotive market in Aeva’s unique Frequency Modulated Continuous Wave (FMCW) technology.
  • “He will play a key role in building Aeva’s engineering team in Europe and leading our Automotive Center of Excellence as we ramp up to support our production win with Daimler Truck and support the growing interest and engagements with automotive customers globally.”

Distracted Driving Fell 4.5% in 2023, Preventing An Estimated 55,000 Crashes and 250 Fatalities

Retrieved on: 
Thursday, April 4, 2024

The report evaluates the various factors that can reduce distracted driving, including consent-driven usage-based insurance (UBI) programs, hands-free legislation, and increased media coverage of the dangers of distracted driving.

Key Points: 
  • The report evaluates the various factors that can reduce distracted driving, including consent-driven usage-based insurance (UBI) programs, hands-free legislation, and increased media coverage of the dangers of distracted driving.
  • *
    While a 4.5% reduction in distracted driving over the last year is an improvement, distracted driving is still dangerously high in the United States.
  • For the first time, CMT has published data on how the different types of distracted driving affect the impact speed of a crash.
  • The four states that introduced hands-free laws, where it’s illegal for people to handle their phones while driving, reduced distracted driving by an average of 7.1% and prevented an estimated 8,200 crashes and 37 fatalities in 2023.

Lattice to Advance Functional Safety for Automotive and Industrial Applications

Retrieved on: 
Thursday, April 4, 2024

Through this enhanced collaboration, the companies will focus on bringing functional safety capabilities to customers developing safety-critical Automotive and Industrial applications.

Key Points: 
  • Through this enhanced collaboration, the companies will focus on bringing functional safety capabilities to customers developing safety-critical Automotive and Industrial applications.
  • Certified to latest safety design methodologies, Lattice Software Design tools enable our FPGAs to provide flexibility to implement and develop functional safety designs in safety-critical applications.
  • Visit Lattice’s exhibit in Hall 4, Booth #528 to experience the innovative low power FPGA solutions enabling Industrial, Automotive, and Security applications at the Edge.
  • Visit NewTec GmbH in Hall 5, Booth #178 to learn more about how safety and security can be added to Lattice FPGA solutions.

Tesla Vehicle Production & Deliveries and Date for Financial Results & Webcast for First Quarter 2024

Retrieved on: 
Tuesday, April 2, 2024

Tesla will post its financial results for the first quarter of 2024 after market close on Tuesday, April 23, 2024.

Key Points: 
  • Tesla will post its financial results for the first quarter of 2024 after market close on Tuesday, April 23, 2024.
  • At that time, Tesla will issue a brief advisory containing a link to the Q1 2024 update, which will be available on Tesla’s Investor Relations website.
  • Tesla management will hold a live question and answer webcast that day at 4:30 p.m. Central Time (5:30 p.m. Eastern Time) to discuss the Company’s financial and business results and outlook.
  • Our net income and cash flow results will be announced along with the rest of our financial performance when we announce Q1 earnings.

BrightDrive and SiMa.ai Announce Collaboration to Revolutionize Autonomous Driving Technology

Retrieved on: 
Tuesday, April 2, 2024

BrightDrive, a leader in autonomous driving technology, today announced a strategic partnership with SiMa.ai, the software centric, embedded edge machine learning system-on-chip company, aimed at accelerating innovation in autonomous driving.

Key Points: 
  • BrightDrive, a leader in autonomous driving technology, today announced a strategic partnership with SiMa.ai, the software centric, embedded edge machine learning system-on-chip company, aimed at accelerating innovation in autonomous driving.
  • "This partnership marks the launch of the A-Sample of our advanced BrightDrive autonomous driving Platform, showcasing significant performance capabilities.
  • "Our collaboration with BrightDrive demonstrates our commitment to driving innovation in advanced driver assistance, from level 1 to level 5.
  • Together, BrightDrive and SiMa.ai are poised to redefine the future of autonomous driving technology, delivering solutions that are safer, more efficient, and scalable, transforming transportation as we know it.

Global and China Automotive Functional Safety and Safety Of The Intended Functionality (SOTIF) Research Report 2024 Featuring Layout of 10 Major OEMs and Solutions for 12 Main Enterprises - ResearchAndMarkets.com

Retrieved on: 
Tuesday, April 2, 2024

The "Global and China Automotive Functional Safety and Safety Of The Intended Functionality (SOTIF) Research Report, 2024" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Global and China Automotive Functional Safety and Safety Of The Intended Functionality (SOTIF) Research Report, 2024" report has been added to ResearchAndMarkets.com's offering.
  • As a result, functional safety and SOTIF (safety of the intended functionality) have caught more attention, especially in the field of autonomous vehicles.
  • In 2023, standards and policies have speeded up the development of automotive functional safety and SOTIF in China.
  • OEMs and suppliers greatly increase automotive functional safety processes and product certifications, and embark on the layout of SOTIF process certification.

Global and China L3/L4 Autonomous Driving and Startups Research Report 2024 Featuring Solutions of 15 OEMs and 21 Solutions of Tier1s and Startups - ResearchAndMarkets.com

Retrieved on: 
Tuesday, April 2, 2024

The "L3/L4 Autonomous Driving and Startups Research Report, 2024" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "L3/L4 Autonomous Driving and Startups Research Report, 2024" report has been added to ResearchAndMarkets.com's offering.
  • As China releases autonomous driving policies, the competition in intelligent driving is about to enter a new phase.
  • Suppliers working on L3/L4 autonomous driving, such as Baidu Apollo, Pony.ai and DeepRoute.ai, have started partnering with automakers to commercialize L2++ high-level driving assistance.
  • 1 L3/L4 Autonomous Driving Policies, Regulations and Standards
    4.1 Key Technologies for L4 Autonomous Driving: Algorithms
    4.2 Key Technologies for L4 Autonomous Driving: Data Closed Loop
    4.3 Key Technologies for L4 Autonomous Driving: Redundancy
    4.4 Key Technologies for L4 Autonomous Driving: Vehicle-Road-Cloud Cooperation
    4.5 Key Technologies for L4 Autonomous Driving: HD Maps and Positioning

ATrack Announces Newest GEO/LEO AI Telematics Box and In-Vehicle Solutions at Embedded World 2024

Retrieved on: 
Monday, April 1, 2024

ATrack Technology Inc., a pioneering force in the telematics industry, is set to unveil groundbreaking advancements in AI vision telematics solutions at Embedded World 2024.

Key Points: 
  • ATrack Technology Inc., a pioneering force in the telematics industry, is set to unveil groundbreaking advancements in AI vision telematics solutions at Embedded World 2024.
  • Showcasing the revolutionary AK750 AI telematics box, which supports both GEO and LEO connectivity with LTE redundancy, ATrack solidifies its position at the forefront of telematics technology.
  • View the full release here: https://www.businesswire.com/news/home/20240401639372/en/
    The AK750 GEO/LEO AI Telematics Box emerges as a revolutionary solution, specifically designed to tackle the connectivity challenges prevalent in remote environments.
  • ATrack's presence at Embedded World 2024 reaffirms its commitment to pushing the boundaries of telematics technology.

Cenntro Inc. Announces Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Monday, April 1, 2024

In the fourth quarter we sold 473 vehicles compared to 298 vehicles in Q3 2023 and 51 in Q4 2022.

Key Points: 
  • In the fourth quarter we sold 473 vehicles compared to 298 vehicles in Q3 2023 and 51 in Q4 2022.
  • Total operating expenses were approximately $14.2 million in the fourth quarter of 2023, compared with $20.4 million in the fourth quarter of 2022.
  • Net loss was approximately $13.0 million in the fourth quarter of 2023, compared with net loss of $73.3 million in the fourth quarter of 2022.
  • Adjusted EBITDA was approximately $(13.7) million in the fourth quarter of 2023, compared with Adjusted EBITDA of $(18.3) million in the fourth quarter of 2022.