💲 China’s Autonomous Vehicle Startup WeRide Seeks Us IPO at $5 Billion Valuation. “WeRide, a Chinese autonomous vehicle company, is officially gearing up for a U.S. public debut, over a year after China started easing its effective ban of foreign IPOs. The company is seeking a valuation as high as $5.02 billion in its initial public offering.”
🌎 DOD Needs Solutions for the Proliferation of Autonomous Vehicles, Defense Official Says. “While there hasn’t been a direct assault on a U.S. military base yet, autonomous systems remain a threat and something the Defense Department is seeking solutions for.”
🚗 Waymo To Begin Testing Driverless Robotaxis on San Francisco Freeways. “Waymo plans to start testing its fully autonomous vehicles with no human safety driver on freeways in the San Francisco Bay Area this week.”
🤨 Uber CEO Dara Khosrowshahi Doubts Tesla’s Robotaxi Fleet Management Plans. “While a certain portion of the fleet will be owned by Tesla TSLA 0.00%↑, individual customers can also add or subtract their vehicles to the robotaxi fleet at will. As for riders, they can summon a car using the Tesla App, Musk said during the company’s second-quarter earnings call last month. Khosrowshahi, however, is not sure if a car owner is going to want his car to be ridden in by a complete stranger.”
🛺 Serve Robotics and Shake Shack Roll Out Autonomous Robot Delivery Via Uber Eats. “Customers who order from select Shake Shack restaurants in Los Angeles through Uber Eats may receive their order via Serve‘s autonomous robots.”
🚘 Trial Run of 8 Vehicles Under Way in Hong Kong’s $127 Million Push. “The government had so far invested $60 million (Hong Kong) into driverless cars and another $67 million (Hong Kong) into technologies related to the internet of vehicles (connected) under the Smart Traffic Fund.”
📈 Luminar’s Revenue Delays, Debt Renegotiations, And Looming Equity Dilution. “Luminar‘s LAZR 0.00%↑ Q2 results show the delayed path to mass production with Volvo, reducing revenue forecast from $250 million to $74 million in 12 months.”
🤞 Cadillac Lyriq Gen 2 Super Cruise Is Tamer Alternative To Tesla FSD. “General Motors’ GM 0.00%↑ second generation of its driver assist technology is more ambitious but stops short of Tesla Full Self Driving or FSD.
🙂 The Self-Driving Startup Everyone Forgot About. “Nuro is currently focused on delivery things, not people. In particular, it’s got a contract with Uber Eats UBER 0.00%↑ and has been delivering food with some of its test vehicles, which have been Toyota Priuses up till now.”
