Weekly Connected and Autonomous Vehicle News

Connected and Autonomous Vehicles:

🏛 FCC to Vote on Auto Safety Spectrum Rules. “The rules would allow in-vehicle and roadside units to operate cellular-vehicle to-everything (C-V2X) technology in the 5.9 GHz spectrum dedicated to Intelligent Transportation Systems (ITS).”

😮 Elon Musk’s Net Worth Drops $11 Billion After Tesla Reportedly Delays Robotaxi Launch. “Tesla TSLA 0.00%↑ will postpone the launch of its robotaxi from August to October because the company wants to rework the vehicle, unnamed people familiar with the decision told Bloomberg.”

🛳 Saronic Raises $175 Million in Series B Funding, Valuing Company at $1 Billion. “Saronic, which designs and manufactures autonomous surface vessels (ASVs), has announced a $175 million Series B raise placing the company’s valuation at $1 billion. The funding round was led by Andreessen Horowitz.”

🏛 U.S. Commerce Department To Propose Rules on Connected Vehicles & Limit Chinese Software. “The U.S. Commerce Department is set to issue proposed rules on connected vehicles next month, targeting key software components made in China and other countries deemed adversaries.”

👍 Kentucky Now Allowing Self-Driving Vehicles in State. “Kentucky will become the 25th state to allow autonomous vehicles to operate on public roads.”

🚍 Autonomous Trucking Is Not a Race. “Without many federal regulations to keep the industry moving in lockstep, quite a bit of responsibility was placed on autonomous trucking trailblazers to find the right testing structure and technique for these longhaul drives.”

💲 Baidu’s Robotaxi Sets Stage For Driverless Revolution With 54.6% Upside: Analyst. “Goldman Sachs sees 54.6 percent upside for Baidu stock, highlighting potential in robotaxi and cloud businesses.”