Autonomous Driving

Mobileye Global Inc (NASDAQ: MBLY) stock gained Thursday after it reported its fiscal first-quarter 2025 results. The company reported a quarterly revenue growth of 83% year-on-year to $438 million, beating the analyst consensus estimate of $435.2 million.  Adjusted EPS of 8 cents...

Tesla Inc. (NASDAQ:TSLA) has settled a lawsuit with the estate of 72-year-old Clyde Leach, who was killed in an accident when their Tesla Model Y crashed into an Ohio gas station in 2021. What Happened: A court filing in San Francisco on Monday revealed that Elon Musk's EV giant reached an...

Shares of Hesai Group (NASDAQ:HSAI) are trading higher on Monday after the Shanghai-based company launched an autonomous driving solution. What Happened: Hesai introduced Infinity Eye, which will be available in three tailored versions A, B, and C. Each one caters to different levels of autonomous...

Hesai Group (NASDAQ:HSAI) announced it will introduce a next-generation LiDAR system for Level 3 autonomous driving. What Happened: According to Reuters, Hesai Group CEO David Li shared on Monday that the company will launch its updated LiDAR system in 2026. Li says the new system will provide...

Chinese electric vehicle company XPeng Inc – ADR (NYSE:XPEV) rolled out an ambitious strategy blending artificial intelligence, robotics and advanced energy solutions. The company unveiled its latest initiatives, including the global debut of its 2025 XPENG X9 model and a roadmap that...

Kodiak Robotics, a U.S.-based autonomous trucking startup, will go public following its announcement on Monday of a merger with Ares Acquisition Corporation II (NYSE:AACT), a Special Purpose Acquisition Company (SPAC). What happened: In an official statement, the company, which has logged over 2.6...

Uber Technologies, Inc (NYSE:UBER) and WeRide, Inc (NASDAQ:WRD) announced a partnership with Dubai’s Road and Transport Authority (RTA). The partnership aims to help Uber make autonomous vehicles an accessible and reliable part of everyday life in Dubai, beginning with WeRide as the...

On Friday, Pony AI Inc (NASDAQ:PONY) became the first company authorized to operate a paid, fully driverless robotaxis in Shenzhen’s Nanshan District on March 27. The company expanded commercial operations to connect Nanshan with its existing service zone in Baoan District...

Mobileye Global Inc (NASDAQ: MBLY) reported a fiscal fourth-quarter 2024 revenue decline of 23% year-on-year to $490 million, beating the analyst consensus estimate of $477.75 million.  Adjusted EPS of 13 cents beat the analyst consensus estimate of 11 cents.  The stock tanked after the print. EyeQ...

AI chipmaker Nvidia Corp. (NASDAQ:NVDA) has reportedly added hundreds of staff in China this year. What Happened: Nvidia will now end the year with nearly 4,000 employees, marking a significant increase from the 3,000 at the onset of the year, reported Bloomberg, citing people familiar with the...

As the race to dominate the robotaxi sector intensifies, Uber Technologies Inc (NYSE:UBER) is leveraging its extensive ridesharing network to compete against Tesla Inc. (NASDAQ:TSLA) and Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) subsidiary, Waymo. What Happened: Uber has shifted its focus from...

A U.S. District Court judge dismissed a lawsuit against Tesla, Inc. (NASDAQ:TSLA) on Monday. Shareholders who brought the lawsuit claimed the company and CEO Elon Musk misled investors regarding the company's Full-Self Driving (FSD) technology.  The Details: U.S. District Judge Araceli Martínez-...

Mobileye Global Inc. (NASDAQ:MBLY) shares skyrocketed on Thursday after Intel Corp (NASDAQ:INTC) assured investors it would not drop its majority stake in the Israeli autonomous driving company. Mobileye gained 14.99% to close at $13.35 on Thursday, marking its largest intraday jump since late...

Volvo Cars AB (OTC:VLVLY) has announced an expansion of its collaboration with Nvidia Corp. (NASDAQ:NVDA) to enhance AI and autonomous driving capabilities, according to a press release on Thursday. What Happened: The new Volvo EX90 is the first model to be truly software-defined, featuring a...

Warren Buffett-backed Chinese electric vehicle (EV) manufacturer, BYD (OTC:BYDDY) (OTC:BYDDF), has teamed up with technology powerhouse Huawei to integrate the latter’s sophisticated autonomous driving system into BYD’s off-road “Fangchengbao” EVs. What Happened: BYD has...